Forex News

Unleashing the Power of GBP/CAD: A Comprehensive Analysis of the Top News from August 19-23 The GBPCAD currency pair Representing the exchange rate between the British pound and the Canadian dollar, is the most critical indicator of economic interaction between the UK and Canada. The Canadian dollar is heavily influenced by fluctuations in commodity prices,…

Professionally Educated: NZD/USD Maintains Gains Near One-Month High Amid Weaker USD, Stays Below 200-Day SMA Description The NZD/USD pair attracts some follow-through buying for the second straight day on Monday and climbs to over a one-month peak amid sustained US Dollar (USD) selling. Spot prices, however, struggle to make it through the very important 200-day…

The Impact of DXY Performance on the US Dollar Analyzing the Current Economic Sentiment With little fresh information on the calendar to shift economic sentiment, it’s debatable how much near-term downside is left for the US dollar index (DXY) outside an unlikely extremely dovish tone from Fed speakers at the Jackson Hole symposium. That puts…

Geopolitical Developments and Technicals: The Gold Price Rollercoaster Get ready for a wild ride this week as geopolitical developments and technical factors take center stage in the gold market. Forget about traditional market drivers like the US dollar and bond yields – they’re taking a backseat for now. As we head into the new week,…

The Silver Market: A Volatile Week Rallying Towards $28.50 The silver market has rallied again in a volatile week, showing a proclivity to grind higher overall. That being said, we are testing the $28.50 level, an area that has been important multiples times in the past, and therefore should be an area that causes a…

The Aussie Dollar: A Look at Resistance The Market Situation The Australian dollar continues to face a significant resistance barrier above, indicating a period of sideways movement. As a result, expectations for this currency pair are limited at this point in time. However, it is important to note that the AUD is closely tied to…

The Impact of the Yen’s Weakening Against the US Dollar Part 1: Understanding the Factors Behind the Yen’s Weakness On one hand, the yen’s weakening against the U.S. dollar is partly driven by rumors that the Bank of Japan might intervene not to support the weak yen (as when the rate was above 160) but…

GBP/USD Recovery Strengthens on Positive US Retail Sales Data Market Sentiment Turns Bullish GBP/USD found the gas pedal on Thursday after a steeper-than-expected recovery in US Retail Sales pushed Cable back into the high end. Market sentiment rebounded on the day after fears of a possible US recession were cooled by US data beating expectations,…