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Forex Forecasts


To be able to make professional Forex Forecasts one needs both ongoing practical experience in forex trading as well as knowledge of forex theory, with an addition of insightful sparks, of course. Accurate Forex Forecasts have a big practical meaning, as they bring losses to minimum in case of a trading mistake. With us you always know tendencies for a short-term and long-term forecasts and thus are able to apply this information in your actual trading sessions.

Dollar wavers on US CPI, surges on hawkish Fed remarks

Dallas Fed chief Lorie Logan said the central banks should “proceed with caution” and St. Louis Fed President Alberto Musalem echoed the sentiment. Logan even went as far as saying that the Fed funds rate is at the top end of the estimated neutral rate, suggesting minimal scope for additional rate cuts.

14 Nov 2024

Dollar gaps down as Trump seems to be losing Iowa

The dollar finished Friday’s session up against most of its major peers, despite nonfarm payrolls slowing to 12k last month, the smallest gain since December 2020.

4 Nov 2024

Dollar slips amid stronger yen and euro, data barrage continues

he yen firmed up on Thursday after the Bank of Japan struck a somewhat more hawkish-than-expected tone as it kept rates on hold but signalled it remains on track to raise rates further.

31 Oct 2024

Dollar, gold and US yields continue to rise

The euro is desperately trying to show some signs of life and recover against both the US dollar and the pound. But the continued dovish commentary from ECB officials and the weak euro area data prints are acting as strong headwinds.

23 Oct 2024

Dollar seeks direction amidst tepid market conditions

Fed speakers and minutes in the spotlight today; Dollar’s rally pauses, but oil and gold suffer losses; RBNZ cuts rates by 50bps, kiwi weakens; China schedules another press conference as local stocks plunge

9 Oct 2024

Dollar extends gains on upbeat US data

The dollar extended its gains against its major peers on Wednesday and during the Asian session Thursday.

3 Oct 2024

The Best Online Brokers 2024

In the ever-evolving world of financial markets, the role of an online broker remains pivotal for investors aiming for success. As we step into 2024, the landscape of stock trading is more dynamic and technology-driven than ever, necessitating a guide to navigate the plethora of options available. This comprehensive review aims to dissect the essential aspects of choosing a broker, ensuring that both novice and experienced investors can make informed decisions.

Dollar bounces back as stocks lifted from more Chinese stimulus

US dollar rebounds ahead of Powell and other Fed speakers. US futures also turn positive as Asian rally continues on China optimism. SNB cuts rates by 25 bps as expected as ECB mulls October cut.

26 Sep 2024

China's stimulus blitz supports positive equities sentiment

Dollar tries to recover as Fedspeak favors further cuts. China announces new measures, positive initial market reaction. Aussie benefits from another hawkish RBA meeting. Gold, oil and pound rallies continue.

24 Sep 2024

Dollar's mixed performance continues, yen benefits

Amidst these developments, the US dollar’s performance has been mixed this week. It has been losing ground against both the euro and the pound but gaining versus risk-on currencies like the aussie and the kiwi.

5 Sep 2024

Dollar gains amid adjusted Fed rate cut bets

PCE inflation holds steady, 50bps cut less likely. Euro slips as Eurozone inflation drops to lowest in three years. Wall Street gains on soft-landing hopes.

2 Sep 2024

Dollar edges up ahead of PCE inflation as stocks drift

All eyes on US core PCE and consumption as bets for 50-bps cut stall. Dollar headed for weekly gains but Nasdaq has disappointing week. Euro on the backfoot as soft Eurozone CPI cements September cut.

30 Aug 2024

Dovish Fed and labor data weigh on dollar

Fed minutes reveal some members wanted a July cut. Nonfarm payroll growth revised down by the most since 2009. PMIs in focus ahead of Powell's Jackson Hole speech.

22 Aug 2024

Euro/dollar in critical area as the Jackson Hole Symposium nears

Stocks record strong weekly gains as the first Fed rate cut gets closer. Markets are gradually preparing for the Jackson Hole gathering. Euro/dollar trades within a critical resistance area. Gold in demand as geopolitics generate headlines.

19 Aug 2024

Bitcoin's bear rally?

The cryptocurrency market has survived the peak of fear, finding the strength to consolidate during European trading and begin a recovery during active hours in the Americas.

7 Aug 2024

Markets breathe easier but will it last?

Slightly more positive tone in equity markets today. Fear of recession fuels Fed rate cut expectations. Light calendar today, focus on data during Asian session. RBA remains hawkish, considers rate hike.

6 Aug 2024

Fed hints at cut but dollar unbruised, pound slips ahead of BoE

Fed's Powell opens the door to a September rate cut, stocks rebound. But dollar only tumbles against the yen, which surges after BoJ hike.

1 Aug 2024

Far More than just an XM Trading Account - Client Benefits

All clients receive free and unlimited access to personal account managers, forex market research, daily forex webinars, video tutorials, forex trading signals, daily technical analysis, daily market outlook and 24/5 live customer support in over 30 languages.

Yen on the front foot as BoJ hike eyed

Yen looks to extend gains as BoJ set to press ahead with policy normalization. Gold and oil in tepid rebound despite heightened tensions in Middle East.

29 Jul 2024

Dollar trims losses against yen, core PCE on tap

Dollar/yen rebounds after US GDP data. Core PCE the next test for Fed rate cut bets. Yen rally losing steam ahead of BoJ next week.

26 Jul 2024

Dollar remains strong ahead of key data, yen surges

Dollar keeps marching north, PMIs on tap. Yen extends rally as traders unwind carry trades. Aussi and kiwi slide on China concerns, loonie awaits BoC. Stocks trade in the red, tech earnings in the spotlight.

24 Jul 2024

Wounded dollar awaits inflation numbers

Powell's testimony dents the dollar. US CPI data could deepen the wounds. Pound gains as BoE's Pill dampens August cut bets. Wall Street at new highs, gold gains as well.

11 Jul 2024

Dollar skids on ISM services dip, pound steady as UK votes

ISM services PMI points to unexpected contraction in June. Treasury yields and dollar take a dive, but Wall Street rallies. Pound in bullish mode as UK goes to the polls amid broader risk appetite.

4 Jul 2024

Bitcoin awaits a signal from equity indices

The capitalisation of the crypto market over the past 24 hours has added only 0.15% to $2.44 trillion. Crypto sentiment indices remain in the ‘greed’ territory, scoring 71 points, compared to 73 points the day before.

2 Jul 2024

Busier calendar could support the dollar

Richer US data calendar and Fedspeak today. US stocks in the red again; uptrend intact. Key inflation reports from both Canada and Australia. Yen shows signs of life but still close to intervention level.

25 Jun 2024

Fed stops dollar's CPI-related bleed, BoJ next

Dollar tumbles after weaker-than-expected CPI data. Recovers somewhat after Fed signals one rate cut. BoJ decision looms as investors bet on July hike. US CPI data propels Wall Street to fresh records.

13 Jun 2024

Market prepares for Wednesday's events

Euro tries to recoup part of Monday's losses. US stock indices trade sideways but volatility remains high. Lighter US calendar but some interest on the 10-year bond auction. Pound is on the backfoot after the weaker jobs data.

11 Jun 2024

Dollar rallies on NFP, euro slips after EU vote

US nonfarm payrolls surge past expectations - Dollar skyrockets as Fed rate cuts are scaled back - Euro slips as Macron calls snap election in France - S&P 500 pulls back after hitting new record high

10 Jun 2024

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Crypto goes up after a rest

Crypto market capitalisation rose by 2.9% in 24 hours to $2.63 trillion. Among the top coins, BNB is up an impressive 11%, and Solana is up 5%. Altcoins have steadily been gaining strength over the last few days of downtime.

6 Jun 2024

Japanese yen strengthens unexpectedly against US dollar

The USD/JPY pair unexpectedly declined last night due to a weakening US dollar. Currently, it is hovering around 156.33.

4 Jun 2024

Dollar rallies as market angst spreads

Higher Treasury yields contribute to stock indices' retreat. Euro under pressure as the pound benefits from the election. Gold fails to benefit from risk-off while oil drops ahead of OPEC meeting.

30 May 2024

Australian dollar hits 0.6650 amid mixed economic signals

The AUD/USD pair rose to 0.6650 on Wednesday following the release of Australian economic data. Australia's consumer price index (CPI) accelerated to 3.6% year-on-year in April, up from 3.5% in March. This slight increase in inflation could prompt questions about the Reserve Bank of Australia's (RBA) future interest rate decisions.

29 May 2024

Gold Prices Steadily Rise

The price of gold is climbing towards $2351.00 per troy ounce on Tuesday. After several days of fluctuation within a sideways range, this increase is significant. The rise is attributed to the localised weakness in the US dollar as the market eagerly anticipates the release of key US inflation data at the end of the week, particularly the Core PCE indicator on Friday.

28 May 2024

Euro takes advantage of weak dollar

Dollar extends slide on thin holiday trading. More Fed officials to step onto the rostrum. Euro gains ahead of key inflation data. Wall Street set to open higher, oil rebounds.

28 May 2024

Bitcoin prepares for $100K hike

The crypto market is quiet, hovering around a total capitalisation of $2.6 trillion for the third day. Bitcoin has so far failed to gain a foothold above $70K, and this is curbing the enthusiasm. It is losing 0.3% in 24 hours against Ethereum's 0.6% rise.

24 May 2024

Dollar benefits from hawkish Fed minutes

Dollar rallies as both gold and bitcoin fall. Early UK elections called after mixed UK CPI report. EZ PMIs unlikely to stop the ECB from cutting rates in June

23 May 2024

Dollar plummets as US data supports Fed rate cuts

US inflation resumes downtrend, retail sales stagnate. Dollar falls as investors add to Fed rate cut bets. Yen gains even as Japanese economy contracts. Wall Street at fresh records, gold rallies on US data.

16 May 2024

Pound slides ahead of Bank of England decision

BoE meeting in the spotlight today - likely to downplay June rate cut. Yen languishes, trapped between FX intervention and low interest rates. Dollar recovers, stocks and gold steady, waiting for US inflation update.

9 May 2024

US dollar recovers, stocks rally stalls as market tries to find its footing

Fed expectations drive the market. Three Fed speakers on the wires today. Dollar recovers but all eyes are on the US stocks and Treasury yields. Yen on the back foot again, gold steady amid the Israeli ground operation.

8 May 2024

Octa crypto snapshot: will investors continue to buy Bitcoin after the halving?

On the night of 20 April, the Bitcoin network experienced its fourth halving. Having broad general economic implications, this process is important for the entire cryptocurrency world and not solely for Bitcoin holders.

2 May 2024

Dollar enjoys a bid. Stocks concerned about a hawkish Fed

Fed meeting in the spotlight; equities under pressure. Dollar strength continues, could intensify if Fed appears hawkish. Questionable yen intervention result; more action over the next sessions? Bitcoin fights for $60k level; oil in retreat despite Middle East headlines.

1 May 2024

Crypto Market Retreats Due to Overhang of Sellers

The crypto market has lost 3.3% in the last 24 hours to $2.3 trillion. The last time this level of capitalisation was on 19th April. Most worrying is the reversal of the trend from up to down last Wednesday.

29 Apr 2024

Yen spikes on suspected intervention; big week awaits the dollar

Yen reverses higher after breaching 160/dollar, but no comment on intervention. Dollar slips despite more hot inflation data. Fed decision and NFP loom large. Stocks extend gains on earnings, strong US economy.

29 Apr 2024

AUDUSD continues its attempt to strengthen

Friday's trading session started with the strengthening of the Australian dollar. Following the first news release, the AUDUSD pair rose to 0.6531.

26 Apr 2024

Yen keeps sinking after Bank of Japan decision

Yen falls to fresh multi-decade lows after BoJ rate decision. US GDP flashes mixed signals, dollar retreats in aftermath. Stocks recover on solid tech earnings, gold resumes uptrend.

26 Apr 2024

Bitcoin and Ethereum in the eye of the storm?

The crypto market is "halfway to bitcoin euphoria" according to CryptoQuant. New bitcoin miners, who have held their assets for less than 155 days, hold up to 9% of the circulating BTC volume and continue to build up inventories in anticipation of rising prices.

17 Apr 2024

Fed hawks spook markets ahead of NFP

Hawks dominate latest round of Fed speak. Stocks slip, dollar rebounds. But rate cut odds little changed as US jobs report awaited. Yen firms after Ueda opens door to more rate hikes. Oil extends gains on geopolitical tensions, but gold pulls back.

5 Apr 2024

Dollar and gold rise in tandem as Fed rate cut bets pared back

Dollar strengthens across the board after upbeat ISM as June cut hopes fade. Japan keeps up intervention rhetoric as yen stays under pressure; Gold undeterred by strong dollar, rebounds towards record high. Equities mixed ahead of crucial European and US data.

2 Apr 2024

Yen sinks to intervention "danger zone"

Swiss franc loses ground too, dollar rebounds after solid US data. Gold steady near record highs, chipmakers weigh on stock markets.

27 Mar 2024

Canadian Dollar Seeks Opportunities for Growth

The USDCAD pair remains within a sideways range, with the Canadian dollar occasionally showing a tendency to strengthen.

14 Mar 2024

US Dollar Strengthens Amid Inflation Data

As of Wednesday, the EUR/USD pair is hovering near 1.0925 after experiencing a volatile session, with expectations for a more subdued week ahead.

13 Mar 2024

Japanese Yen Weakens After Five Sessions of Gains

The USD/JPY pair has begun to rise, reaching 147.33. This shift follows five consecutive sessions of yen appreciation without interruption.

12 Mar 2024

Japanese Yen Surges to Monthly High as Economy Shows Signs of Growth

The Japanese yen strengthened against the US dollar on Monday, reaching a month-long peak following the release of statistics indicating Japan's return to economic growth in Q4 2023.

11 Mar 2024

What will happen to the gold price in 2024: Octa forecast

According to many analysts' forecasts, the price of gold may increase in 2024. Octa explains in the article what factors will influence the dynamics of the gold price and what will happen to the market this year.

8 Mar 2024

EUR/USD Shows Strength Amid Anticipation of Key Events

The EUR/USD pair is exhibiting resilience, navigating around the 1.0850 mark on Tuesday, following a sequence of rises in the previous two sessions.

5 Mar 2024

Dollar stays on the backfoot ahead of key data, yen enjoys CPI lift

Traders await some key data releases, RBNZ decision amid quiet start to the week. Yen broadly firmer after CPI beat, adds to dollar weakness as euro extends gains. Equity rally loses some steam but Bitcoin surges.

27 Feb 2024

Bitcoin and Ether in area of light resistance

The crypto market capitalisation reached $1.99 trillion, according to CoinMarketCap estimates, an increase of over 10% in one week. Forbes estimates that the $2 trillion mark was reached last week.

19 Feb 2024

Pushing down crypto isn't easy

Buying on dips remains the dominant tactic in the crypto market. Capitalisation rose 1.8% in seven days to $1.65 trillion. Previously, the 'what doesn't rise, falls' formula was often applied to cryptocurrencies, however, recent attempts to sell off after a period of stabilisation have been met with increased buying.

5 Feb 2024

Crypto has retreated from the lows, but no rush for growth

Crypto market capitalization at around $1.62 trillion is less than 1% higher than it was seven days ago, thanks to a growth spurt on Friday. Bitcoin has added 3% in the same period and continues to be the driving force behind crypto volatility.

29 Jan 2024

USDCAD Faces Potential Bearish Retracement Amid Technical Indicators

The USDCAD currency pair finds itself in a precarious position as it grapples with key technical levels and indicators that suggest a possible bearish retracement. In this analysis, we delve into the current status of USDCAD...

26 Jan 2024

Ethereum could end consolidation with a dip towards $2000

Volatility in the cryptocurrency market remains subdued, keeping the capitalisation near $1.56 trillion for the third day. Meanwhile, Bitcoin remains around $40K, and Ethereum looks pegged to $2200...

26 Jan 2024

The Crypto Market Takes a Breath after the Storm

The crypto market saw lower volatility in the last 24 hours, with capitalisation at $1.56 trillion and the price of Bitcoin hovering around $40K. Major altcoins have also avoided strong moves...

25 Jan 2024

Crypto Market Takes a Breather Amidst the Storm: A Detailed Analysis

The Crypto Market Displays Stability with Bitcoin Around $40K: In the midst of the ever-volatile cryptocurrency landscape, the last 24 hours have provided a moment of respite as the market capitalization hovers...

25 Jan 2024

Exploring EURUSD's Prospects: Is It Poised for an Uptrend Resurgence Above the Ascending Line?

EURUSD Embarks on a Rebound Off the 200-day SMA, Yet Clings Below the Ascending Trend Line: The EURUSD currency pair has recently experienced a resurgence, with notable price action centered around...

25 Jan 2024

WTI Crude Futures Eye Critical 61.8% Fibonacci Level in Upward Surge

WTI Futures Break Above Key Resistance, Eyeing Fibonacci Milestone: Positive Momentum Indicators Suggest Potential for Further Gains. West Texas Intermediate (WTI) oil futures...

25 Jan 2024

Dollar Buyers Gain Strength Amid Key Economic Data Releases

The US dollar index, currently positioned at 103.25, is poised for potential growth as the market anticipates important economic data releases. Today's focus is on the January...

24 Jan 2024

NZDUSD: Navigating a Narrow Range Amidst Mixed Momentum

The New Zealand Dollar against the US Dollar (NZDUSD) remains locked in a pattern of sideways trading, reflecting a period of market consolidation above a crucial support zone...

24 Jan 2024

USDJPY's Tug of War: Challenging the 61.8% Fibonacci Level

The USDJPY pair has been exhibiting a notable struggle in its attempt to break through the 148.50 resistance level. Over the past five days, the currency pair has been fluctuating following its ascent from the 140.20...

24 Jan 2024

Global risk appetite pauses crypto sell-off

Bitcoin reversed to the upside on Tuesday afternoon. The price drop to $38.5K attracted buyers on the background of another update of all-time highs by leading US indices, which supported risk appetite...

24 Jan 2024

Netflix Stock Holds Steady in Bullish Territory as Market Anticipates Q4 Earnings

Netflix's stock performance continues to exhibit a neutral stance as investors and analysts eagerly anticipate the release of the company's Q4 earnings after the market closes...

23 Jan 2024

EURJPY Re-Enters Bullish Channel, Supported by 200-Day SMA

EURJPY has staged a comeback following a period of weakness during which it temporarily fell below its established bullish channel, originating in June. The resurgence is primarily attributed to the pair's...

23 Jan 2024

GBPUSD Shows Strength within Trading Range

The GBPUSD currency pair has recently exhibited resilience, edging higher within its established trading range of 1.2610-1.2785. This price action marks a reversal from the lower boundary of the range...

23 Jan 2024

Crypto's decline looks more like a sell-off than a correction

The crypto market lost over 5% in 24 hours, to $1.52 trillion. Bitcoin has remained under pressure since the start of the week after pausing in the sell-off on Saturday and Sunday...

23 Jan 2024

Bitcoin Price Forecast for 2024 and Beyond: Analyzing Future Possibilities

Bitcoin, the pioneering decentralized cryptocurrency, has the potential to reshape the global financial landscape by challenging traditional fiat currencies...

22 Jan 2024

Bank of Japan Meeting: Maintaining Status Quo Amidst Economic Signals

The Bank of Japan (BoJ) is set to convene, but expectations are muted as the central bank is anticipated to maintain its current interest rates and yield curve control...

19 Jan 2024

Rising Dollar Demand: Factors Shaping Currency Markets

As currency markets continue to evolve, several factors are driving increased demand for the US dollar (USD). In this analysis, we delve into the dynamics...

19 Jan 2024

The Enduring Bullish Stance on Gold: Why Traders are Still Optimistic

Gold prices have embarked on a rollercoaster journey over the past year, soaring to dizzying heights of $2054 (USD). Despite the lofty perch, internal market sentiment...

18 Jan 2024

A bearish lull in crypto?

The crypto market has been going around in circles since 13 January, staying near levels 24 hours ago, although Bitcoin's intraday range exceeded 3.5%...

17 Jan 2024

Analyzing the NZDUSD: A Dive Below the 50-Day SMA

The NZDUSD currency pair had been riding a steep uptrend since hitting a low of 0.5772 in 2023, consistently marking higher highs. However, this bullish ascent hit a roadblock...

17 Jan 2024

EUR/USD Outlook: Insights from Davos and Federal Reserve Speeches

Recent insights from European Central Bank (ECB) officials, including Gediminas Šimkus and Madis Müller, indicate a cautious approach to immediate rate cuts, hinting at a potential move in the summer...

17 Jan 2024

USDJPY Gains Momentum Ahead of Key Market Events

USDJPY, the currency pair pairing the US dollar with the Japanese yen, has been displaying a robust upward trend, marking its third consecutive day of gains...

17 Jan 2024

Too early to announce the beginning of the altcoin Season

The bitcoin exchange rate is hovering around $43,000, up a modest 0.8% in 24 hours. This momentum is mirrored by the broader crypto market, where capitalisation has risen to $1.69 trillion....

16 Jan 2024

AUD/USD Dips to a 1-Month Low: A Technical Analysis

The AUD/USD currency pair has been experiencing a downward trajectory, slipping to a fresh one-month low of 0.6606, indicating a negative wave that initiated from 0.6870...

16 Jan 2024

Gold's Consolidation Near $2,050: Factors Supporting Its Potential for Growth

Gold, represented by the XAU/USD currency pair, continues to hover around the $2,050 mark, with prices consolidating in recent trading sessions. Several key factors are currently supporting...

16 Jan 2024

Solana (SOL) Price Prediction 2024-2030: A Detailed Analysis of Solana's Future

As we step into 2024, the cryptocurrency market is buzzing with anticipation for what lies ahead for Solana (SOL). After a rollercoaster ride in recent years, including an astonishing 11,000% surge in 2021...

16 Jan 2024

Bitcoin tests the strength of an uptrend

Last week saw the launch of 11 spot bitcoin ETFs in the US. On Thursday, the first day of trading, the total volume traded in these ETFs was $4.6 billion, and the price of bitcoin...

15 Jan 2024

The crypto market fluctuates but does not move

Cryptocurrency market capitalisation is at the same level as the previous day at $1.76 trillion, with the market showing impressive intraday amplitude on Thursday, gaining and then losing around 7%...

12 Jan 2024

USD/CAD Retreats to Near 1.3380 as Crude Prices Surge

The USD/CAD currency pair is experiencing a retracement of recent gains during the Asian session on Friday, with prices edging lower to hover around the 1.3380 mark...

12 Jan 2024

Crucial Upside Barrier at 160.00 Mark in Focus Amid Geopolitical Tensions

The EUR/JPY currency pair finds itself under pressure during the early European session on Friday as geopolitical tensions in the Middle East weigh on market sentiment...

12 Jan 2024

Mixed Sentiment in Asian Stocks After US and China CPI Surprises

Asian stock markets witnessed a mixed trading session on Friday as investors digested divergent inflation data from the United States and China. While Japan's Nikkei 225 continued...

12 Jan 2024

GBP/USD: Insights and Projections for the Upcoming Week

As the week unfolds, market participants find themselves in a pivotal moment, closely monitoring the Federal Reserve's evolving stance and GBP/USD's technical dynamics...

12 Jan 2024

The Dollar: Seeking a New Catalyst in the Market

As the dollar index hovers at the 102.00 mark, investors closely scrutinize the latest US inflation figures for December...

12 Jan 2024

Navigating Forex in 2024: Adapting to a Changing Financial Landscape

As we embark on 2024, the world of Forex trading remains a dynamic and rapidly evolving financial arena. This comprehensive exploration is dedicated to delving into the subtleties of currency trading...

11 Jan 2024

After Bitcoin-ETF approval, speculators switch to Ethereum

The US Securities Commission (SEC) has announced the approval of the Bitcoin-ETP. The initial fake announcement of this created a spike in volatility...

11 Jan 2024

Indices Market Outlook 2024: Navigating Economic Currents and Technological Tides

In the realm of gauging a country's economic health, stock market indices often stand out as the most accessible and representative indicators...

10 Jan 2024

Cryptocurrency Landscape in 2024: Key Investments and Emerging Opportunities

As we advance into 2024, the cryptocurrency ecosystem continues to evolve, transcending beyond the well-known Bitcoin. With nearly thousands of digital currencies available...

9 Jan 2024

Fluctuations in Oil and Gold Markets Amidst Key Economic Data Releases

As we enter the second week of 2024, investors and market analysts are closely watching the trends in USOIL (U.S. Oil) and XAUUSD (Gold against U.S. Dollar) markets....

9 Jan 2024

NZD/USD Price Analysis: Encounters Crucial Resistance at 0.6250, Eyes on Nine-Day EMA

The NZD/USD pair is exhibiting a phase of consolidation in the face of a stable US Dollar (USD), with the pair making modest gains to trade around 0.6240 in the early European trading session on Monday...

8 Jan 2024

Japanese Yen Sees Limited Gains Against US Dollar Amid Mixed Market Sentiments

The Japanese Yen (JPY) starts the week on a slightly positive note, attempting a recovery from last week’s significant losses. The USD/JPY pair, which recently...

8 Jan 2024

USD/CAD Rises to 1.3380 Amid Declining Crude Prices and Mixed US Economic Data

The USD/CAD currency pair has been on an upward trajectory, reaching around 1.3380 in the European trading session on Monday. This movement is primarily influenced...

8 Jan 2024

Will the US NFP Report Resurrect the Ailing Dollar?

In January, the Euro area witnessed a modest improvement in investor sentiment, as indicated by the Sentix Investor Confidence Index, which rose slightly to -15.8 from -16.8 in December...

8 Jan 2024

Challenges for the US Dollar in Regaining Momentum

In the Euro area, retail sales figures for November showed a 0.3% decline, aligning with market forecasts. This followed a revised increase of 0.4% in October...

8 Jan 2024

GBP/USD Approaches 1.2700 as Market Anticipates US Nonfarm Payrolls Data

The GBP/USD pair is exhibiting an upward momentum, inching closer to the 1.2700 level amidst a complex interplay of economic factors from both the United Kingdom and the United States...

5 Jan 2024

USD/CHF Edges Upwards, Approaching 0.8500 as Focus Shifts to US Labor Data and Swiss Economic Indicators

The USD/CHF currency pair is experiencing a gradual uptick, trading near the 0.8500 level, bolstered by a strengthening US Dollar. This ascent reflects the market's response...

5 Jan 2024

Australian Dollar Grapples with Uncertainty Ahead of US Nonfarm Payrolls Release

The Australian Dollar (AUD) is exhibiting a phase of stability, yet with underlying pressures, as it hovers near a key psychological level of 0.6700...

5 Jan 2024

NZD/USD Price Outlook: Treading Near 0.6230 Amid Strengthening Dollar, Focus on US NFP Report

The NZD/USD currency pair is exhibiting a phase of consolidation, maintaining its position around the 0.6230 mark in the early European trading session on Friday...

5 Jan 2024

EUR/USD Price Outlook: Awaiting US Employment Data Amidst Rising Pressure

The EUR/USD currency pair has been experiencing downward pressure, notably retreating from a recent high near 1.0950, as market sentiment shifts to a cautious stance in anticipation...

5 Jan 2024

Gold Prices Stagnate as Market Awaits NFP Report Amidst Fed Policy Speculations

As the trading week draws to a close, gold prices have been showing a lack of significant momentum, hovering below the $2,050 level. This stagnation reflects the market's cautious stance ahead...

5 Jan 2024

USDCAD Signals a Bullish Trend in the Short-Term Amid Mixed Technical Indicators

Introduction The USDCAD currency pair has been exhibiting signs of a bullish trend in the short term as it approaches the critical 20-day Simple Moving Average (SMA)...

5 Jan 2024

Dollar Takes a Step Back, Awaiting Jobless Data After Fed Minutes Insight

In early European trading on Thursday, the U.S. dollar saw a retreat from its three-week high achieved in the previous session. This shift in momentum comes as traders assess the implications of the Federal Reserve...

4 Jan 2024

EUR/USD Under Pressure Following German Employment Figures, Awaiting US Economic Updates

The EUR/USD currency pair has seen a contraction of its earlier gains, now approaching the 1.0940 level, in the wake of the latest employment data from Germany. This move comes amidst a broader context...

3 Jan 2024

Gold's Gleam Tarnished at 2024's Dawn: A Technical Perspectiv

As the curtains rise on 2024, gold exhibits a tentative stance, its luster dimmed by early losses that challenge the metal's long-standing allure. The precious commodity's inability to sustain...

3 Jan 2024

USDJPY Buyers Showcase Resilience as 2024 Beckons: Analyzing Technical Indicators

As the new year unfolds, USDJPY buyers demonstrate robustness, signaling a potential shift in momentum for the currency pair. With the year's commencement, USDJPY...

3 Jan 2024

Exploring the Best Cryptocurrency Investments for 2024: Navigating a Diverse and Dynamic Market

As we journey through 2024, the cryptocurrency landscape continues to evolve, presenting a broad spectrum of investment opportunities beyond the well-established Bitcoin...

2 Jan 2024

USD/CAD Rebounds as US Dollar Gains and Oil Prices Weigh on the Canadian Dollar

The USD/CAD pair experienced a notable rebound, approaching the 1.3260 mark in the early New York trading session. This recovery was catalyzed by a resurgence in the US Dollar Index (DXY)...

1 Jan 2024

EUR/USD Steadies Near 1.1050 as 2023 Concludes

As the trading year of 2023 draws to a close, the EUR/USD pair is holding its ground in relatively thin market conditions. The Euro (EUR) is poised to register a 3% gain against the US Dollar (USD) for the year...

1 Jan 2024

USD/CHF Faces Downward Pressure Amid Dovish Federal Reserve Expectations

The USD/CHF pair has continued its downward trend, inching closer to the 0.8400 level with a 0.40% loss. This movement is primarily driven by market expectations of a dovish shift in the Federal Reserve...

1 Jan 2024

USD/JPY Closes 2023 Near 141.00 Amid Market Uncertainty

As the global financial markets approach the end of 2023, the USD/JPY currency pair remains anchored near the 141.00 mark, reflecting a period of market uncertainty and subdued momentum...

1 Jan 2024

Japanese Stocks End Lower, Dragged Down by Key Sectors

In Tokyo's trading session on Monday, Japanese stocks closed lower, influenced by losses in several major sectors. The Nikkei 225, a primary benchmark for the Japanese market...

1 Jan 2024

Prospects of the Pound Amid Global Monetary Policy Shifts

The GBP/USD pair, currently trading at 1.2750, is experiencing a phase of strengthening, primarily influenced by the weakening of the US dollar. This trend is underpinned...

1 Jan 2024

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FP Markets
81%
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80%
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AMarkets
79%
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Octa
79%
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BlackBull
78%

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