Forex News

Trading Insights: USD/CAD Tight Range Above Psychological Support The USD/CAD pair trades in a tight range above the psychological support of 1.3500 in Tuesday’s European session. The Loonie asset turns sideways as investors await the United States (US) labor market and the Purchasing Managers’ Index (PMI) data, which will indicate whether the Federal Reserve (Fed)…

Struggles of the EUR/USD Pair A Funny Look at the World of Forex Trading So, you’re sitting at your computer, sipping your coffee, and trying to make sense of the chaotic world of Forex trading. The EUR/USD pair is giving you a headache with its constant struggles to gain traction. I mean, come on, can’t…

Shining Bright: Silver Price Forecast Shows XAG/USD Reaching New Heights at 3130-3135 Area, Staying Below 236 Fibo Level Description: Silver (XAG/USD) gains some positive traction during the Asian session on Tuesday and moves away from a multi-day low, around the $30.90-$30.85 region touched the previous day. The white metal currently trades around the $31.35 region,…

Charmingly eccentric, full of personality, and designed for maximum reader engagement The New Zealand Dollar (NZD) Technical Analysis The New Zealand Dollar (NZD) is currently trading at a crucial juncture against the US Dollar. According to UOB Group FX analysts Quek Ser Leang and Lee Sue Ann, the NZD could test the resistance at 0.6370…

USDJPY Forecast: DXY Weakness Faces Key Test The DXY’s weakness is set to face a key test this week with the release of leading US economic indicators and non-farm payroll reports As the USDJPY pair continues to hover near critical support levels, traders and investors are closely watching for any signs of a potential decline…

The EUR/USD pair struggles to gain momentum Market Analysis The EUR/USD pair is currently facing challenges in capitalizing on Friday’s modest rebound from the 1.1125-1.1120 support area. As the new week begins, spot prices are trading around the 1.1160 area, almost unchanged for the day. Traders are eagerly awaiting the release of the flash German…

Gold Price Holds Steady Amid Geopolitical Tensions Market Overview The price of gold (XAU/USD) opened the new week on a slightly lower note, continuing to trade within a narrow range. Despite the minor dip, gold remains within reach of the all-time high reached last Thursday. This comes as geopolitical tensions in the Middle East have…

The British Pound Continues to Rise The British Pound showed strength once again this past week, marking its second consecutive weekly advance. The currency broke out to fresh yearly highs in September, but faced resistance that capped its rally. While the overall trend still seems bullish, there are signs of potential exhaustion and a shift…