forex for beginners
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AUD/USD Forecast: Faces Challenges and Potential Downside - 25 May 2023The AUD/USD encountered a challenging session on Wednesday, reflecting the prevailing market troubles and uncertainty.
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GBP/USD Forex Signal: Deep in the Red But There’s Hope of a Rebound - 25 May 2023The GBP/USD exchange rate sell-off gained steam as it crashed to the lowest point since April 3rd.
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BTC/USD Forex Signal: Negative Outlook as the DXY Index Spikes - 25 May 2023Cryptocurrencies and stocks dropped as concerns about the American economy continued.
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AUD/USD Forex Signal: Getting Oversold as the US Dollar Index Spikes - 25 May 2023The AUD/USD pair moved downwards after the latest Fed minutes and after Fitch placed the US in its “rating watch negative.”
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New Zealand Interest Rates Rise Again to 5.5% - 25 May 2023The Reserve Bank of New Zealand hiked its Official Cash Rate as expected by 0.25%, but also made clear that this would be the last hike in the...
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Forex Today: USD/JPY Rises to 5-Month High Near ¥140 - 25 May 2023US Dollar Strengthens on June Rate Hike Expectations, Yet FOMC Minutes Showed Dovish Tilt; Fitch Puts US AAA Rating on Negative Watch Over Debt...
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Gold Price Forecast: $1950 Level Holds Key for Bearish Momentum to ContinueSpot Gold continues to struggle against a rising Dollar index and US Yields. Will the bears finally assume control?
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Dow and Hang Seng Fall Sharply, but Nasdaq 100 Supported by NvidiaThe US debt ceiling continues to hang over markets, though Nvidia’s numbers have provided yet another reason for the Nasdaq 100 to move higher.
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EUR/USD Outlook: Euro Tumbles as Germany Enters RecessionEUR/USD down 0.3% in early trade as multiple factors weigh on the euro including German recession, US debt ceiling, US downgrade and souring risk...
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Australian Dollar Looking Vulnerable: AUD/USD, AUD/JPY, AUD/CAD Price ActionThe Australian dollar is looking vulnerable to a cross below key support against the US dollar, a break below which could lead to further losses in...
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US Dollar Rides High as Debt Debate Continues Amid Fitch Re-Rating. Higher DXY?The US Dollar galloped to a 2-month peak today with Treasury yields continuing their climb as the debt ceiling resolution proves elusive and the...
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British Pound Shrugs Off Blistering CPI: What's Next for GBP/USD, EUR/GBP, GBP/JPY?The British pound’s rally against some of its peers has stalled recently, and chances are that the consolidation could extend a bit further in the...
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Crude Oil Pings Higher as Specs Told to ‘Watch Out’ by OPEC+. Higher WTI?Crude oil prices sailed through resistance overnight after comments from the Saudi Arabian Energy Minister and a large drop in US stockpiles. Will...
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Nvidia Earnings Blowout Ripples into the Nasdaq 100, US AAA Rating Cut Risk BrewsNvidia Earnings Blowout Ripples into the Nasdaq 100, US AAA Rating Cut Risk Brews
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US House Majority Leader Scalise: US House will recess, ready to return if debt deal reached“The US House of Representatives will go on recess on Thursday as planned and members will be given 24 hours notice to return to Washington if a deal
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USD/CAD gathers strength for a break above 1.3600 despite dovish FOMC minutesThe USD/CAD pair is showing a back-and-forth action after reaching near the round-level resistance of 1.3600 in the early Toyo session. The Loonie ass
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Gold Price Forecast: XAU/USD bears eye $1,925 as US Dollar, yields rise amid debt ceiling woesGold Price (XAU/USD) remains pressured at weekly low, surrounding the key support juncture, as bears keep the reins around $1,957 during early Thursda
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Snowflake Stock Earnings: SNOW collapses 12% after hours as guidance underwhelmsSnowflake (SNOW) stock dropped more than 12% post-market on Wednesday after the data platform produced full-year revenue guidance more than $100 milli
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SA Inflation Hits Levels Last Seen in May 2022The USD/ZAR exchange rate is attracting attention as South Africa experiences a significant rise in inflation, reaching levels not seen since May...
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Forex Managed Accounts: The Key to Effortless Account ManagementIn the fast-paced world of foreign exchange trading, many investors are seeking effective solutions to maximize their returns while minimizing the...
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US prosecutors probe trading by First Republic’s former employees© Reuters. FILE PHOTO: A security guard stands outside a First Republic Bank branch in San Francisco, California, U.S. April 28,...
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Our data shows traders are now net-long France 40 for the first time since Mar 15, 2023 when France 40 traded near 6,947.70.Number of traders net-short has decreased by 28.82% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN...
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EUR/USD at Critical Juncture as Bears Launch All-Out Assault on Major TrendlineEUR/USD OUTLOOK: EUR/USD lacks strong directional conviction as market mood remains cautious While euro remains biased to...
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Union Pacific, engineers union reach tentative deal over time off By Reuters© Reuters. FILE PHOTO: An aerial view of shipping containers and freight railway trains at the Union Pacific Los Angeles (UPLA)...
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Our data shows traders are now net-long FTSE 100 for the first time since Mar 30, 2023 when FTSE 100 traded near 7,622.50.Number of traders net-short has decreased by 14.44% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN...
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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...