Forex News

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,…

Oh Canada! The Canadian Dollar Holding Strong Against the USD What’s Happening with the CAD? The Canadian Dollar (CAD) is showing some resilience against the US Dollar (USD) at around the 1.37 point. With improved risk appetite and steady stock market trends, the CAD has been able to maintain its minor improvement. However, recent setbacks…

The Impact of RBNZ Rate Cut on NZD/JPY Cross Market Reaction to RBNZ Rate Cut The NZD/JPY cross retreated around 150 pips from the 89.50 area, or a nearly two-week high touched earlier this Wednesday in reaction to the Reserve Bank of New Zealand’s (RBNZ) surprise 25 basis points (bps) rate cut. Spot prices, however,…