forex for beginners
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Trade ideas thread - Friday, 26 May 2023Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and...
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EURUSD consolidating but keeps bearish short term biasThe day is coming to a close. The EURUSD price is lower on the day. Having said that, the US session saw up-and-down price action. Although the...
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Novak tries to walk back earlier OPEC commentsRussian oil minister Novak is getting the blame for today's oil price fall after he spoke to a domestic newspaper and doubted that OPEC would...
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USD/JPY cracks the 1.40 barrier as yields push higherCould USD/JPY be in store for another look at the top? I don't think the market is as worried about +6% Fed funds as it was in October but...
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Higher 'natural' interest rates in Europe could strengthen EUR/USD beyond 1.30 - SocGenSociete Generale states that 'natural' interest rates can provide insights into how currencies might behave under equilibrium conditions. When one...
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WTI crude oil futures tumbles $2.51 to settle at $71.83The price of WTI crude oil futures tumbled $2.51 to settle at $71.83 down -3.38%. The high price today reach $74.37. The low price was $70.98....
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Nasdaq storms ahead as the AI boom sizzlesThe Nasdaq Composite is up 1.9% and at a session high. The catalysts today are positive signs on the US debt ceiling along with a very strong...
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Dow Industrial Average joins the S&P and NASDAQ in positive territoryThe Dow Industrial Average has moved into modest positive territory. The Dow 30 is now up 23 points or 0.08% at 32822. The high price reached...
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New Zealand dollar probes to find a bottom but support is tough to findThis is a nightmare chart for the bulls. NZD/USD cracked lower on a dovish central bank shift and has busted through a significant zone of...
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Cable tops out and takes out the 38.2% retracementCable since November is emblematic of the broader market. It carved out a range only to make fake breakouts on both sides. Rate hike...
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BOE's Haksel: April core inflation was higher than expectedOfficials didn't see rise in core inflation Rise in UK used car prices is a 'puzzle', says it's hopefully a 'blip' Cable is down 47 pips today...
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US treasury auctions of $35 billion of 7 year notes at a high yield of 3.827%High-yield of 3.827% WI level at the time of the auction 3.835% Bid to cover 2.61X versus six-month average of 2.46X Tail -0.8 basis points...
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GOP's McHenry: I don't think a deal will be done today. We are not quite in that zone yetGOP McHenry said: The debt dealing item's list is getting shorter He is not a pessimistic He does not think that there will be a deal done...
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U.S. Treasury to auction off $30 billion of 7 your notes at the top of the hourThe US treasury will auction off $35 billion 7 year notes at the top of the hour. The six-month averages of the major components shows: Bid to...
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Bank of England Haskel: Further increases in bank rates cannot be ruled outBank of England Haskel is on the wire's saying: Further increases in the bank rate cannot be ruled out. He prefers to lean against the risks of...
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USDCAD up strongly today and moves toward next key target areaThe USDCAD is breaking higher away from the 50% of the move down from the March high to the April low. The low came in at 1.35808. The low price...
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NZDUSD falls below key swing area. Seller adds to their control.The NZDUSD is continuing its move to the downside after yesterday's sharp move lower after the RBNZ "dovish hike". Yesterday the Reserve Bank of...
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TRY/USD Forecast: Stability Ahead of the Interest Rate Decision - 25 May 2023The TRY/USD stabilized during early trading today, Thursday, near its lowest level ever.
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Gold Technical Analysis: Is It Possible to Buy Gold Now? - 25 May 2023Gold futures fell in the middle of the trading week amid increasing US dollar strength. Investors resorted to the dollar during the debt ceiling...
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USD/JPY Forecast: Beware of Overbought Levels - 25 May 2023Investors' continued abandonment of the Japanese yen in light of the continued easing policy of the Japanese Central Bank and the lack of benefit...
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GBP/USD Technical Analysis: New Buying Levels - 25 May 2023The pound rose to its highest level against the euro since December after data showed that UK inflation came in well above expectations in April...
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EUR/USD Forecast: Moving Towards its Lowest Level in Two Months - 25 May 2023The continuation of the positive momentum of the US dollar allowed the bears to move the price of the EUR/USD currency pair towards deeper support...
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USD/BRL: Speculatively Strong Price Range Remains on Exhibit - 25 May 2023The USD/BRL closed trading near the 4.9600 price yesterday as the currency pair has produced a rather confident value realm for speculators to wager.
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Copper Price: Is the Red Metal Anticipating a Recession?The price of copper has been declining sharply in recent weeks, despite the good performance of world indices.
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GBP/USD Still Pressured Despite Signs of Less Hawkish FedThe UK currency is struggling to hold onto gains even as it seems all-but certain that ts interest rates will rise
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...