Forex News

Euro Falls Against Dollar as US Markets Take a Breather EUR/USD Pivots into Early Losses The EUR/USD pair started the new trading week on a sour note, as early losses cut short a near-term recovery rally and sent intraday bids tumbling back toward 1.0800. The US market session saw stock investors taking a breather from…

Euro/Japanese Yen Currency Pair Analysis EUR/JPY Trading at the Top of a Ten-Week Range EUR/JPY is currently trading at the top of a ten-week range in the upper 162.00s on Monday. The Euro (EUR) is showing strength after comments from a European Central Bank (ECB) official suggested that policymakers may not be in a rush…

Gold Rallies Amid Political and Economic Uncertainty Recent Surge in Gold Prices Gold prices surged to a new high on Monday, extending Friday’s exceptional rally driven by heightened geopolitical tensions and economic uncertainty. Investors are closely monitoring global developments, particularly the U.S. presidential race and unrest in the Middle East, as they weigh the potential…

The Battle of the Pound and the Dollar The GBP/USD pair’s Rollercoaster Ride Ah, the age-old battle of currencies – the British Pound versus the US Dollar. The GBP/USD pair has been on a wild ride lately, struggling to make sense of the ever-changing economic landscape. Just when it looked like things were starting to…

Gold’s Unstoppable Rise: A Reflection on the Impact of Global Tensions Introduction Gold prices edged higher in Asian session today, extending their recent record-breaking run. While some market observers attribute the precious metal’s rally to uncertainty surrounding the upcoming US presidential election—with no clear frontrunner between Democrat Kamala Harris and Republican Donald Trump—the persistent climb…

The Current State of the GBP/USD Pair Struggling to Maintain Recovery Gains Currently, the GBP/USD pair is facing challenges as it attempts to build on the modest recovery gains made over the past two days. The pair is hovering in a narrow range around the 1.3050-1.3045 region during the Asian session on Monday. Despite the…

EUR/USD: A Bullish Engulfing Candle Signals Reversal Well folks, it looks like EUR/USD has finally given us something to talk about. On Friday, the currency pair printed a bullish engulfing candle, signaling a potential reversal in its recent downtrend. Traders have been eagerly waiting for this moment, especially after the pair dipped into oversold territory…

USD/JPY Correction Phase By RoboForex Analytical Department The USD/JPY currency pair is currently experiencing a correction phase after two consecutive days of gains. This fluctuation in the exchange rate comes as mixed economic signals emerge from Japan, creating uncertainty in the market. Despite the ongoing expectations for monetary tightening by the Bank of Japan (BoJ),…