Forex News
Latest news from Forex market.
Canadian Dollar Outlook: USD/CAD closes the week with a renewed bearish bias
Despite maintaining consistent neutrality for most of the week, USD/CAD is set to close with a decline of more than 0.36% in today's session. So far, this has been the most relevant bearish move in favor of the Canadian dollar during the recent trading week.
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Gold hits $5,260 as war jitters, trade tension rattle markets
Gold hits $5,260 as war jitters, trade tension rattle markets
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United States CFTC Gold NC Net Positions fell from previous $159.9K to $159.2K
United States CFTC Gold NC Net Positions fell from previous $159.9K to $159.2K
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Australian Dollar Outlook: AUD/USD 6-Week Winning Streak Faces Major Test at Multi-year Highs
AUD/USD has delivered an impressive multi-week advance, reclaiming ground steadily since the January lows and carrying price back toward three-year highs. The move has been persistent, with buyers defending dips and momentum remaining firm, but the pair now confronts a major ceiling that has historically capped gains.
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US Dollar Price Action Setups: Gold, EUR/USD, USD/JPY, GBP/USD, USD/CAD
The US Dollar retains bullish potential as we move into March trade but as we go into next week there is a bit of disappointment for buyers as resistance held at the familiar Fibonacci level of 97.94 on three consecutive days and for five of the past seven.
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GBP/USD slips as US PPI lifts US Dollar, Middle East risks rise
GBP/USD slips as US PPI lifts US Dollar, Middle East risks rise
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British Pound-Euro Falls as Traders Pile into Havens on Iran War Jitters
Pound Sterling spent the past week adrift as traders positioned for a possible U.S. attack on Iran and sought shelter in safe‑haven assets such as the Swiss Franc. With risk appetite fading, the pound weakened to about $1.345, heading for its second weekly decline, and slid towards 1.14 against the euro.
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AUD/USD holds firm as US Dollar retreats despite firm PPI
AUD/USD holds firm as US Dollar retreats despite firm PPI
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Silver Weekly Price Analysis – Can Silver Recapture $100?
The silver market rallied again this past week, as we are now above the crucial $90 level. With this, the market will be trying to get to the $100 level.
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Wall Street Is Rotating Into Silver Before March – Don't Be Late
There are inflection points in markets that only become obvious in hindsight and then there are moments when capital quietly repositions ahead of a structural repricing. Silver today is entering the latter category.
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U.S. Dollar Retreats As Traders React To PPI Data: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY
The American currency is losing ground ahead of the weekend.
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NZD/USD advances as US Dollar softens, supported by RBNZ growth outlook
NZD/USD advances as US Dollar softens, supported by RBNZ growth outlook
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Gold Price Forecast – Our $8,000 Target Was Likely Too Conservative
The primary uptrends in gold, silver, and the mining shares remain firmly in place, reinforcing the case for fresh highs into the second quarter.
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EUR/USD steadies as strong US PPI data fails to lift Dollar
EUR/USD steadies as strong US PPI data fails to lift Dollar
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Gold Price Analysis – Gold Continues to See Tight Range
The gold market has been sideways for the totally of the week, and Friday is just more of the same. This is a market that overall looks likely to find buyers eventually.
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Silver Price Analysis – Silver Looking to Break Higher Again
The silver market continues to see buyers on Friday, as the asset looks to recapture some of the previous momentum of the past few months.
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USD/JPY slips as US PPI beats expectations, BoJ tightening bolsters Yen
USD/JPY slips as US PPI beats expectations, BoJ tightening bolsters Yen
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Gold forecast remains positive heading into March
It has been an interesting month for gold, starting on a shaking footing following that BIG plunge at the end of January, which inevitably prompted talk that the rally has run its course. Interesting, the first day of the month also happened to be the low, and so judging by price action alone this month, and not to mention the lack of significantly bearish drivers, the path of least resistance remains to the upside.
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Weekly Gold (XAU/USD) Forecast: US-Iran Standoff Trumps US PPI, Setting Stage for $5300/oz
Gold prices have pushed beyond the $5200/oz handle on Friday with a hot US PPI print failing to deter Gold bulls. The PPI release led to temporary US Dollar strength but the DXY has since pushed lower to trade in the red for the day.
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UBS Euro to Swiss Franc Forecast: EUR/CHF to Rebound Toward 0.93
The Euro to Swiss Franc (EUR/CHF) exchange rate has slipped to the 0.90 area, extending February losses as safe-haven demand for the franc intensified amid renewed geopolitical tensions. UBS considers the recent move overdone and expects the franc to weaken in the coming months.
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