Forex News

Is AUD poised to break above 0.6800? Analysis of Overbought Conditions Conditions are severely overbought for the Australian Dollar (AUD), but there seems to be enough momentum for it to break clearly above 0.6800. According to UOB Group FX strategists Quek Ser Leang and Lee Sue Ann, the key level of 0.6870 is now in…

The Bearish Engulfing Candlestick Pattern Recently, a pair was observed violating a bearish engulfing candlestick pattern after refusing to close below 1.1100 on Friday. This led to an increase in optimism among traders, believing that the rally might have more room to run. However, as with any trading pattern, it is crucial to be cautious…

Charmingly Eccentric Blog Post A Soft Economic Landing on the Horizon With rate cuts expected at every FOMC meeting in the coming year, the markets are optimistic about the Federal Reserve’s ability to steer the economy towards a soft landing. This delicate balancing act is crucial for currency pairs like USD/JPY and NZD/USD, as the…

Euro vs. Dollar: A Strong Move and its Impact EUR/USD Continues to Rise EUR/USD put in another strong move over the past week and even with that being the fourth consecutive weekly gain, the pair has showed its largest weekly move since November of last year. In that last iteration, the pair was driving-higher after…

EUR/USD Rallies as US Dollar Tumbles Market Risk Appetite Reaches New Heights EUR/USD rallied into its second-best day of August, climbing seven-tenths of one percent as the US Dollar tumbles across the board. Market risk appetite is pinned into the ceiling after Federal Reserve (Fed) officials broadly tipped their hand to investors, signaling that the…

USD/CAD Takes a Tumble: Fed Hints at Policy Changes on the Horizon (08/23/2024) Description: USD/CAD tumbles to a fresh monthly low (1.3508) as Federal Reserve Chairman Jerome Powell states that ‘the time has come for policy to adjust,’ and the exchange rate may continue to give back the advance from the April low (1.3478) as…

Silver Soars Near $29.30 as Fed Powell’s Speech Takes Center Stage: A Forecast for XAG/USD The Excitement Behind Silver’s Rise As the silver price (XAG/USD) climbs to near $29.30 in Friday’s North American session, investors are eagerly awaiting Federal Reserve (Fed) Chair Jerome Powell’s speech at the Jackson Hole (JH) Symposium. The white metal has…

Feeling Grounded: AUD/USD Stabilises as US Dollar Weakens The Current State of Affairs Picture this: a currency pair, the Australian Dollar to US Dollar (AUD/USD), is in a bit of a tango. It’s finding its footing, currently stabilising at around 0.6725. What’s causing this dance, you ask? Well, the US dollar is weakling further. Why,…