Forex News

Let’s Talk About The AUD/USD Pair What’s Going on with the AUD/USD Pair? So, you may have noticed that the AUD/USD pair is just chilling around 0.6550 in today’s European session. It’s like that one friend who can never make up their mind and just hovers in one spot all the time. Well, that’s basically…

The pair has been on the sidelines this week Retaining marginal gains so far Emotions running high in the market As traders eagerly watch the charts, the pair has been showing signs of indecision in the past few days. The RSI and the MACD are both indicating a growing appetite for selling, with the RSI…

GBP/USD Weakens as BOE Rate Cut Bets Rise: Pound Sterling Price News and Forecast The Pound Sterling (GBP) exhibits a weak performance against its major peers, except the Japanese Yen, on Tuesday. It’s no secret that the world of foreign exchange trading can be incredibly volatile. The value of currencies fluctuates constantly, driven by a…

Exploring the EUR/USD: A Look at Eurozone Data and Fed Policy Impacting the 108.00 Level EUR/USD Sideways Performance in European Session The EUR/USD currency pair has been exhibiting a sideways performance in Tuesday’s European session. Market participants are observing the movements closely as the US Dollar (USD) edges higher amid uncertainty ahead of the Federal…

The Impact of GBPUSD Pair Fall Below Support 1.2900 Analysis of GBPUSD Pair Movement The GBPUSD pair fell below the support 1.2900 level, which was previously projected to lead to a drop towards 1.2730-50. Intraday resistance is now at 1.2940-55, and as long as the market remains below this level, there is potential for a…

USDCAD Triangle Resistance Testing USDCAD is on the move once again, making a strong rise after the Bank of Canada’s anticipated rate cut last week. The price is currently testing the major trend line resistance of a triangle pattern on the daily chart, sparking speculation about a potential breakout. This could very well happen in…

Gold Price Shows Resilience Below 50-Day SMA Overview Gold price (XAU/USD) once again showed some resilience below the 50-day Simple Moving Average (SMA) on Friday and staged a modest recovery from the vicinity of over a two-week low touched the previous day. The move up followed the release of the US Personal Consumption Expenditures (PCE)…

Rebounding and Rising: A Recap of Today’s Forex Market News in the Americas – July 26th Description: US stocks close the week with gains on the day. S&P and Nasdaq lower for the week. Next week will be the Grand Daddy of the earning calendar this quarter. Baker Hughes oil rig count +5 to 482….