Forex News

Currency Drama: EUR/USD Heading South The Rollercoaster Ride of EUR/USD It’s Monday and the EUR/USD pair is on a downward spiral, dipping below 1.1050 in the European session. Who would have thought that a currency pair could be so dramatic? But here we are, witnessing the Euro losing ground to the mighty US Dollar. The…

Gold Price Plummets Below $2,500 After Mixed US Jobs Report Intraday Turnaround The gold price (XAU/USD) witnessed an intraday turnaround from the vicinity of the all-time peak and dropped back below the $2,500 psychological mark following the release of the key US monthly employment details on Friday. The mixed US jobs report reduced the likelihood…

Feeling Flustered: Weak French and German Industrial Production Data Sends Eurozone Economy into a Tizzy The Eurozone Economy Takes a Hit Significantly weaker than expected French and German Industrial Production data for July has sent shockwaves through the Eurozone economy. The lack of momentum in key industrial sectors has raised concerns about the overall health…

Is the Kiwi flying high? Introduction Wow, what a week it has been for the NZD/USD pair! The Kiwi is soaring to new heights, reaching near 0.6230 in Friday’s European session. But why is this happening and what does it mean for the world of forex trading? Let’s dive into the details. What’s driving the…

AUD/JPY Retraces Gains as JPY Strengthens The AUD/JPY pair has seen a retracement in its recent gains, with the pair trading around 96.30 during the Asian trading session on Friday. This retracement comes as the Japanese Yen (JPY) has been strengthening against the Australian Dollar (AUD). The catalyst for this recent movement is the news…

The Impact of AUDUSD Reversal on the Market Introduction AUDUSD has reversed to the upside after the rebound off the 0.6700 round number with strong barrier coming from the weekly descending trend line around 0.6750. Over the last couple of weeks, the market has been developing back and forth of the aforementioned diagonal line, looking…

EUR/USD Continues to Rise Against Unsteady US Dollar: A Market Update Description EUR/USD stepped into a second straight day of gains on Thursday, recapturing the 1.1100 handle as markets broadly sell off the Greenback in advance of Friday’s hotly-anticipated US Nonfarm Payrolls (NFP) jobs report. Markets are looking for further signs that the Federal Reserve…

CAD/JPY Trades Lower as CAD Weakens Overview The CAD/JPY pair is trading a quarter of a percent lower in the 106.10s on Thursday, with the Canadian Dollar (CAD) weakening due to falling oil prices and expectations of further interest rate cuts by the Bank of Canada (BoC). The decrease in oil prices is particularly significant…