forex for beginners
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WTI drops following OPEC+ production cut decision
The US Crude Oil benchmark WTI tumbles more than 2% on Thursday after the OPEC+ producers agreed to cut production for the first quarter of 2024,...
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USD/CHF ascends amid sticky inflation fears and rising yields from US PCE figures
The USD/CHF started the Thursday trading session negatively, dropping to 0.8685, setting fresh multi-month lows but then settling around 0.8750,...
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Mexican Peso slumps on Banxico’s dovish comments and mixed US data
Mexican Peso (MXN) drops sharply for the second straight day against the US Dollar (USD) in early trading during the North American session on...
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GBP/JPY Price Analysis: Rebounds with buyers eyeing 188.00
The GBPJPY snaps three days of losses after bouncing from daily lows reached at 186.24, remains above the 187.00 figure, exchanging hands at around...
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EUR/GBP heading for 0.8600 as daily declines continue unabated
The Euro (EUR) continues to waffle against the Pound Sterling (GBP), down two-tenths of a percent as the EUR/GBP is set to see its ninth down day...
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Pound Sterling Price News and Forecast: GBP/USD experiences a downturn, marking a 0.35% decline
The GBP/USD drops in Thursday's North American session as the Greenback got a vote of confidence from traders, even though data suggests the US...
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S&P 500 testing notable support
On the wires today, US jobless claims came in as expected for the week ending 25 November at 218,000.
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Silver Price Analysis: XAG/USD soars and breaks above $25.00, hits four-month high
Silver climbs above the $25.00 figure for the first time since August and reaches a four-month high of $25.25, even though US Treasury bond yields...
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NZD/USD struggling to make headway after getting rejected from 0.6200
The NZD/USD is trading flat in Thursday's US trading session, battling back into 0.6150 after seeing a technical rejection from the 0.6200 handle...
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AUD/USD sees minor losses amid strong US Dollar
The AUD/USD is trading with minuscule losses despite being back above the 0.6600 figure after bouncing from the 200-day moving average (DMA) at...
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USD/JPY looking for a bullish rebound after four straight down days, testing 148.00
The US Dollar (USD) is trying to claw back chart paper from the Japanese Yen (JPY) on Thursday, but struggling to decisively re-mount the 148.00...
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GBP/USD slides below 1.2700 on strong US Dollar after soft US PCE
The GBP/USD drops in Thursday's North American session as the Greenback got a vote of confidence from traders, even though data suggests the US...
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United States 4-Week Bill Auction dipped from previous 5.3% to 5.29%
United States 4-Week Bill Auction dipped from previous 5.3% to 5.29%
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Gold Price Forecast: XAU/USD sees red after US PCE figures, corrects overbought conditions
In Thursday's session, the XAU/USD is contending with a drop, trading around the $2,035 level following the release of the US's October Personal...
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Canada Employment Preview: Forecasts from five major banks, jobless rate ticking higher
Canada’s employment data for November will be reported by Statistics Canada on Friday, December 1 at 13:30 GMT and as we get closer to the release...
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USD/ARS: Another large Peso devaluation to materialize before the end of this year – Wells Fargo
Economists at Wells Fargo expect an explicit Argentine Peso (ARS) devaluation.
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United States EIA Natural Gas Storage Change registered at 10B above expectations (-8B) in November 24
United States EIA Natural Gas Storage Change registered at 10B above expectations (-8B) in November 24
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US Pending Home Sales decline 1.5% in October
Pending Home Sales in the US rose 1.1% in October, the National Association of Realtors reported on Thursday.
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Colombia National Jobless Rate came in at 9.2%, above forecasts (9%) in October
Colombia National Jobless Rate came in at 9.2%, above forecasts (9%) in October
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WTI Oil: Oil Price Extends Advance as OPEC+ Rolls Over Production Cuts
WTI oil price rose above $79 for the first time in two weeks on Thursday, as fresh bullish acceleration extends into third consecutive day....
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Gold Breaks To New Highs. What Is Expected In December?
Gold prices, reaching the highest since May 5, are consolidating as traders await the US PCE Price Index, a key inflation indicator. The...
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Eurozone Disinflation Accelerates as Markets Price in April Rate Cut
Eurozone inflation fell much further than expected in October, leaving the headline HICP rate within touching distance of the ECB’s 2%...
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Canadian GDP declined in Q3
The pull-back in GDP in Q3 (-1.1% annualized) was substantially softer than expected, although following an upwardly revised 1.4% gain...
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EUR/GBP – Down for Sixth Day as Eurozone Inflation Falls Again
Eurozone HICP inflation 2.4% in October (2.9% in September, 2.7% expected) Eurozone core HICP inflation 3.6% in October (4.2% in September,...
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ETHUSD set for a breakout move
Ethereum pulls back from recent multi-month high Generates a structure of lower highs and higher lows Momentum indicators suggest that buying...