Forex News
Latest news from Forex market.
EUR/USD Forecast: Finding a floor as positioning unwind runs its course
Considering the precarious position Europe finds itself in relative to the United States, it's notable EUR/USD continues to find support on dips in this environment, suggesting there's a degree of preemption going on when it comes to the duration of the energy supply shock and the impact it may have on the world's two largest economies.
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NZD/USD Price Forecast: Bears dominate below 200-SMA barrier near 0.5865-0.5870
NZD/USD Price Forecast: Bears dominate below 200-SMA barrier near 0.5865-0.5870
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USD/CAD Price Forecast: Tests 1.3700 support near moving averages
USD/CAD Price Forecast: Tests 1.3700 support near moving averages
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Silver may find floor at 60, but break risks deeper fall to 50
Silver is approaching a critical support zone as its “dual role” as a monetary and industrial asset continues to diverge. Tightening expectations on global central banks, driven by the energy shock, are weighing on its monetary side, leaving the 64 support zone increasingly vulnerable.
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EUR/USD Upside Stalls, Resistance Zone Blocks Further Recovery
The Euro found support near 1.1410 and started a recovery wave against the US Dollar. EUR/USD climbed above 1.1500 before it faced resistance.
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FX Futures Positioning: USD, EUR, CHF, AUD, CAD | COT report
Instead, the latest COT data suggests a broader clean-up of positioning, with traders reducing exposure across FX markets as geopolitical risks and volatility rise.
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Japanese Yen sticks to modest losses; USD/JPY looks to build on strength beyond 159.50
Japanese Yen sticks to modest losses; USD/JPY looks to build on strength beyond 159.50
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GBP/USD Price Forecast: Declines below 1.3350 as bearish momentum builds amid stronger USD
GBP/USD Price Forecast: Declines below 1.3350 as bearish momentum builds amid stronger USD
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EUR/CAD struggles near 1.5850 as oil prices support Canadian Dollar
EUR/CAD struggles near 1.5850 as oil prices support Canadian Dollar
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Silver Wave Analysis
Silver recently broke the support zone between the round support level 70.00 (which has been reversing the price from the end of December) and the support trendline from November.
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AUD/USD Price Forecast: Bears have the upper hand near 0.7000; 200-EMA breakdown in play
AUD/USD Price Forecast: Bears have the upper hand near 0.7000; 200-EMA breakdown in play
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EUR/USD Price Forecast: Remains above nine-day EMA, 1.1550
EUR/USD Price Forecast: Remains above nine-day EMA, 1.1550
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EUR/JPY declines to near 184.00 on Middle East conflict escalation
EUR/JPY declines to near 184.00 on Middle East conflict escalation
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AUD/JPY trades above 111.50 after paring recent losses
AUD/JPY trades above 111.50 after paring recent losses
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PBOC sets USD/CNY reference rate at 6.9041 vs. 6.8898 previous
PBOC sets USD/CNY reference rate at 6.9041 vs. 6.8898 previous
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NZD/USD weakens below 0.5850 as Middle East tensions rise, Fitch downgrades NZ outlook
NZD/USD weakens below 0.5850 as Middle East tensions rise, Fitch downgrades NZ outlook
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Silver Price Forecast: XAG/USD hangs near multi-week low; seems vulnerable below $67.50
Silver Price Forecast: XAG/USD hangs near multi-week low; seems vulnerable below $67.50
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Gold falls to near $4,450 as inflation fears and rate hike prospects weigh on demand
Gold falls to near $4,450 as inflation fears and rate hike prospects weigh on demand
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Gold, Silver: Metals buckle as yields spike and Hormuz risks escalate
Gold and silver struggled late last week, hammered as bond yields soared and the US dollar rebounded, undermining demand for USD-denominated assets offering zero yields, such as precious metals. But it wasn't just traditional drivers that drove the unwind, with both metals behaving more like riskier asset classes than havens, sliding alongside equities as volatility picked up.
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EUR/USD declines to near 1.550 amid Middle East crisis
EUR/USD declines to near 1.550 amid Middle East crisis
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