forex for beginners
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EUR/USD bounces off recent lows near 1.0900Following fresh multi-week lows in the 1.0900 neighbourhood, EUR/USD now manages to pick up some upside traction and reclaims the 1.0930 zone on Frida
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EUR/USD: Bears Gain Traction on Break of Pivotal Fibo Support/Recent Range FloorThe Euro remains at the back foot in early Friday following 0.6% drop on Thursday, which generated bearish signal on eventual close below pivotal...
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XAG/USD: We Could See End of Bullish Trend at Top of 27.928It is assumed that silver is moving inside the global corrective trend consisting of cycle waves w-x-y-x- z. The current chart H1 shows the...
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GBPJPY Rebounds Off 168.00 in Short-termGBPJPY posted two consecutive red days, meeting the 168.00 support, and is currently holding near the 20-day simple moving average (SMA). When...
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GBPCAD Bulls Catch Their Breath After Strong RallyGBPCAD is currently hovering around the busy 1.6862 area as the bulls appear to be taking a breather after reaching a 14-month high last week. The...
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USDCAD Rebounds Strongly Above 200-day SMAUSDCAD has been generating a structure of lower highs after peaking at the 2023 high of 1.3860 in mid-March. Although the pair managed to bounce...
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Gold Price and Crude Oil Price Could Extend LossesGold price is moving lower below the $2,025 support. Crude oil price is correcting gains and might decline toward the $68.85 support. Important...
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Gold Price Analysis: Bulls Are Missing Out AgainKitco is relaying an opinion on the price of gold from Karen Karniol-Tambour, co-chief investment officer at Bridgewater Associates: → Gold is...
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Chinese Inflation Miss Impacts AUD and the Elliott Wave outlookThe Chinese economy continues to exhibit sluggish growth, with recent inflation data falling short of expectations at 0.1% year-on-year....
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China Equities Bulls in Need of Fresh LiquidityChina’s benchmark stock indices have underperformed against the rest of the world. Weak macro data and geopolitical risk have reinforced the...
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GBP Pulls LowerGBP/USD goes into correction The pound retreated after the BoE warned that the impact of rate hikes will be felt in coming quarters. From the...
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Elliott Wave Forecast: Dollar Index ($DXY) Rally Should FailShort Term Elliott Wave View on Dollar Index ($DXY) suggests that the rally from 4.14.2023 low is in progress as a zigzag structure. Up from...
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Cliff Notes: Budget Relief Delivered as Weakness in Consumption CrystalisesKey insights from the week that was. This week, Australian Federal Budget 2023/24 gave the market a lot to consider regarding Australia’s outlook....
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BoE Not Done Fighting InflationMarket movers today The US releases consumer confidence from University of Michigan for May, where the most interesting part is the inflation...
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Dollar Rallies Above Key Technical Level Despite Soft Inflation, Jobs DataAs expected, the Bank of England (BoE) raised the rates by 25bp for the 12th time yesterday, and Governor Bailey left the door open for further...
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USD/JPY Above 135.20 Could Make Case for Fresh IncreaseKey Highlights USD/JPY declined below the 135.20 and 135.00 support levels. It is trading above the key support at 133.80 and 133.50 on the 4-hour...
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Fed Bowman suggests potential for further monetary tighteningFed Governor Michelle Bowman highlighted concerns over persistently high inflation and a tight labor market. In a speech, she suggested the need...
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UK GDP contracted -0.3% mom in March; services main contributor to declineUK GDP saw a contraction of -0.3% mom in March, significantly underperforming against expectations of being flat. The contraction was primarily...
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RBNZ survey sees notable decline in inflation expectations, NZD/USD tumblesAccording to RBNZ Q2 Survey of Expectations (Business), inflation expectations for the year ahead took a notable dip, marking the largest drop...
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Copper plummets on China outlook, may drag down AUD/USDCopper prices experienced a precipitous drop this week, puncturing 3.8229 support level and reaching a nadir last seen in November. This sell-off...
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New Zealand BNZ PMI rose to 49.1, but struggles continueNew Zealand’s manufacturing sector is continuing to grapple with challenges as BusinessNZ Performance of Manufacturing Index edged up to...
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ECB de Guindos: What worries me is trend in service pricesECB Vice President Luis de Guindos assured yesterday that “There is no doubt headline inflation will continue to ease”. However, he...
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Sterling Hit by BoE Bailey; Aussie Suffers Amid Copper Price DeclineIn the wake of comments from BoE Governor Andrew Bailey suggesting a potential pause in rate hikes, Sterling has taken a sharp downward turn...
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Bank of England peak rate - Natwest forecast high of 4.5%ICYMI, the Bank of England overnight: ForexLive European FX news wrap: BOE delivers 25 bps rate hike as expected BOE's Bailey: Inflation...
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Goldman Sachs tip further RBA rate hikes in the wake of the hawkish Australian budgetGoldman Sachs said the lift to household incomes as a result of the budget (released Tuesday in Australia) is incrementally hawkish: forecasts...
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...