forex for beginners
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Switzerland May seasonally adjusted unemployment rate 2.0% vs 1.9% expectedPrior 1.9% That's a mild uptick in the Swiss jobless rate, after accounting for seasonal factors. The unadjusted reading actually showed a...
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Trade ideas thread - European session 7 June 2023It's looking to be a rather slow and choppy week as markets are beginning an early countdown to the US CPI and FOMC meeting decision next week....
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USD/SGD: Choppy Conditions Likely to Persist in Coming Days - 07 June 2023The USD/SGD is trading near a value of 1.34950 as of this writing with the usual rapid price action the currency pair demonstrates.
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NZD/USD: Short-Term Gains within Lower End Price Range - 07 June 2023The NZD/USD is trading near the 0.60690 mark as of this writing.
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S&P 500 Forecast: Continues to See Choppiness - 07 June 2023The S&P 500 exhibited a back-and-forth movement during Tuesday's trading session, with the index hovering just below the significant 4300 level.
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Silver Forecast: Drops to Find More Support - 07 June 2023The silver market experienced a slight decline during Tuesday's trading session, contributing to the ongoing noise in the market.
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Natural Gas Forecast: Continues to See Major Headwinds - 07 June 2023Natural gas markets experienced a minor setback during Tuesday's trading session, with a slight decline of just over 2% overnight, only to turn...
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GBP/USD Forecast: Continues to See Buyers on Dips at this Point - 07 June 2023The GBP/USD made an initial attempt to rally during Tuesday's trading session but quickly retraced its gains.
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GBP/JPY Signal: Continues to See Bullish Pressure on Dips - 07 June 2023The GBP/JPY exhibited a slight pullback against the Japanese yen during Tuesday's trading session, reflecting ongoing noisy behavior in the market.
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USD/JPY Forecast: Continues to See Upward Pressure - 07 June 2023The USD/JPY experienced an initial attempt to decline against the Japanese yen in Tuesday's trading session.
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AUD/USD Forecast: Continues to Reach Towards to 50-Day EMA - 07 June 2023The AUD/USD showcased a mixed performance in Tuesday's trading session, initially rallying and breaking above the 50-Day Exponential Moving Average...
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Gold Forecast: Markets Continue to See Rangebound Trading - 07 June 2023The gold market displayed mixed price action during Tuesday's trading session, as it oscillated near the 50-Day Exponential Moving Average (EMA).
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EUR/USD Forecast: Continues to Test a Major Trendline - 07 June 2023The EUR/USD had another decline in Tuesday's trading session, reflecting the ongoing presence of turbulent market behavior.
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Crude Oil Forecast: Continues to See Negative Pressure Despite the OPEC Cuts - 07 June 2023The West Texas Intermediate (WTI) Crude Oil market experienced further declines during Tuesday's trading session, erasing the entire gap that...
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GBP/USD Forex Signal: Could Retest May’s Low of 1.2300 - 07 June 2023The GBP/USD pair was flat on Wednesday morning as the recent consolidation continued.
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EUR/USD Forex Signal: Neutral Outlook But a Retest of 1.0635 Likely - 07 June 2023The EUR/USD pair remained in a tight range mostly because of the light economic calendar.
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BTC/USD Forex Signal: Crypto Regulatory Crackdown Continues - 07 June 2023The BTC/USD price bounced back even as the Securities and Exchange Commission (SEC) continued its battle against the crypto industry.
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AUD/USD Forex Signal: Aussie Continuing to Rise After Shock Rate Hike - 07 June 2023My last signal on 31st May was not triggered as there was no bullish price action when the support level identified at $0.6486 was first reached.
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Forex Today: Australian GDP Below Expectations - 07 June 2023Australian GDP Grows by Only 0.2%; Global Stock Markets Mixed, US Bullish; Bank of Canada Rate Decision Today, Turkish Lira Hits Record Low
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Turkish Lira Fell 7% This Morning as Potential Policy Shift Gains Momentum, USD/TRY Above 23.0000President Erdogan's appointment of a new Finance Minister has seen expectations rise around a policy pivot. WIll Erdogan follow through this time...
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Outlook on FTSE 100, DAX 40 and S&P 500 as expectations of a Fed hike in June diminish.Technical analysis on FTSE 100, DAX 40 and S&P 500 within their fundamental context
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EUR/USD Outlook: Euro Breakout Imminent, ECB Officials in FocusEUR/USD fades as economic data and risk sentiment dwindles. ECB speakers will likely look to maintain the hawkish rhetoric today.
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British Pound at Mercy of Peers in Light Data Week: GBP/USD, GBP/JPY, GBP/AUD Price SetupsIn a relatively light week regarding UK macro data, the British pound could be at the mercy of some of its peers. What is the outlook for GBP/USD,...
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Gold Gets its Groove as Markets Consolidate across the Board. Where to for XAU/USD?The gold price shrugged off a press lower earlier this week with key macro events out of the way, attention might turn toward what the Federal...
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Asia Day Ahead: Modest gains in Wall Street, with economic data on watch in AsiaWall Street added modest gains to their recent rallies overnight, as the VIX pushed to yet another new low since February 2020.
Top Articles
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Canadian CPI Preview: Forecasts from five major banks, inflation likely to ease againStatistics Canada will release April Consumer Price Index (CPI) data on Tuesday, May 16 at 12:30 and as we get closer to the release time, here are th
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USD Index gives away gains and drops to 101.40 on soft CPIThe greenback sets aside two daily gains in a row and returns to the 101.40/30 band when tracked by the USD Index (DXY) on Wednesday. USD Index appear
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AUDUSD falls back below the 200 day MAThe AUDUSD fell sharply today after an initial move higher found will sellers vs the 100 day MA. The subsequent fall has now taken the price below...
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AUD/JPY Technical: Potential Push Up Within a Major RangeTwo conflicting fundamental factors are driving the short-term movement of the Aussie dollar. RBA’s hawkish rhetoric has provided a potential...
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Exploring the Surging Interest of Retail Investors in Cryptocurrency in 20232023 has seen a striking increase in interest from retail investors as a result of cryptocurrency's ability to draw in investors from all around...
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AUD/USD slides amidst US economic resilience, weaker Chinese dataAUD/USD retraces from daily highs of 0.6709 and drops 0.62% after a slew of economic data from the United States (US) showed that the economy remains
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Gold Prices Tepid Despite Lower Yields Post-CPI. Is the Bullish Case Over?Gold prices retreat despite falling U.S. Treasury yields following softer-than-expected U.S. inflation data, but the fundamental outlook remains...
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FX Majors Weekly Outlook (15-19 May)UPCOMING EVENTS: Tuesday: UK Labour Market, US Retail Sales, Canada CPI. Thursday: Australian Labour Market, US Jobless Claims. Friday: Fed...
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CAD board chairman announces resignationLou Svetlik’s resignation could be accepted following a discussion between CAD board members, Chief Appraiser Keri Wickliffe said. The board...