Forex News
Latest news from Forex market.
EUR/USD Pulls Back Ahead of August High with US CPI in Focus
EUR/USD pulls back from a fresh weekly high (1.1156) amid the kneejerk reaction to the weaker-than-expected US Non-Farm Payrolls (NFP) report, but the exchange rate may track the positive slope in the 50-Day SMA (1.0947) as it holds above the moving average.
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USD/JPY forecast: Why has the Japanese yen been so strong?
In short, because of the ongoing reverse carry trade, which is still ongoing after the Bank of Japan finally turned hawkish and raised interest rates. But a weaker US dollar and lower yields have also been contributing factors behind the USD/JPY's slide.
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Gold (XAU) Price Forecast: Will Softer CPI Data Trigger a Gold Rally Next Week?
Gold prices fall 0.23% last week as mixed U.S. data fails to justify an aggressive Fed rate cut. Will inflation data next week spark a rebound?
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China's central bank pauses gold purchases for a fourth month in August
China's central bank held back on buying gold for its reserves for a fourth straight month in August, official data showed on Saturday.
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NZD/JPY Price Analysis: Bears extend their control, aiming for 87.00
The NZD/JPY pair has maintained its bearish stance, extending the selloff that started in Tuesday's session. Technical indicators strongly suggest that the bears have the upper hand, and the pair could continue to decline in the coming days.
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Gold price falls and end week below $2,500 ahead of US inflation data
Gold retreated after failing to test the all-time high of $2,531 and diving more than 0.80% late in the North American session. US economic data cast doubts on a 50 or 25-basis-point (bps) interest rate cut by the Federal Reserve (Fed) at the September meeting.
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NZD/USD Price Analysis: Bearish bias emerges as pair plunges
The NZD/USD pair has been trading lacklusterly within a narrow range, but Friday's sharp decline has shifted the technical outlook to bearish, at least for the short-term, shedding more than 0.80% at the end of the week.
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Gold Price Forecast: Declines After Hitting Resistance Near Recent Highs
Gold tests resistance near the 2,532 high, consolidating within a 14-day range. A breakout above this level could signal continued upside momentum.
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Silver Price Forecast: XAG/USD plummets over 3% below $28.00
The Silver price plunged late in the North American session, down over 3%, and traded at $27.89 after reaching a high of $29.11. Market sentiment turned risk-averse to precious metals, while the Greenback gathered some traction amid falling US yields.
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USD/JPY Price Forecast: Downtrend resumes boosted by falling US yields
The USD/JPY extended its losses late on Friday's North American session, bolstered by the losses of the yield of the US 10-year T-note. The Greenback recovered some ground against most G8 FX currencies, except safe-haven currencies like the Japanese Yen.
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United States CFTC Gold NC Net Positions fell from previous $294.4K to $287.6K
United States CFTC Gold NC Net Positions fell from previous $294.4K to $287.6K
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Gold, Silver, Platinum Forecasts – Gold Dives Below $2500 Amid Broad Pullback In Commodity Markets
Traders are worried about the slowdown of the global economy.
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EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Rebounds As Unemployment Rate Drops To 4.2%
U.S. Dollar Index gains ground despite the pullback in Treasury yields.
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Gold Weekly Price Forecast – Gold Continues to See Buyers Overall
The gold market continues to see a lot of noisy behavior overall, and at this point in time, the market is likely to test the overall highs again, and perhaps even break above it. This is a market that is very bullish in general.
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Silver Weekly Price Forecast – Silver Continues to See Buyers on Dips
The silver market continues to see a lot of volatility, as we have fallen hard in the beginning of the week, only to turn things back around and form a stronger than expected candlestick.
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Pound Sterling Price News and Forecast: GBP/USD holds steady as US data leaves Fed rate cut uncertainty
Pound Sterling Price News and Forecast: GBP/USD holds steady as US data leaves Fed rate cut uncertainty
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US Dollar Forecast: USD/JPY Eyes August Low as NFP Report Disappoints
USD/JPY seems to be on track to test the August low (141.69) following the weaker-than-expected US Non-Farm Payrolls (NFP) report as it trades to a fresh weekly low (141.77), but the exchange rate may snap the recent series of lower highs and lows as the Relative Strength Index (RSI) continues to hold above oversold territory.
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GBP/USD Price Forecast: Holds steady as US data leaves Fed rate cut uncertainty
The GBP/USD seesawed during the North American session as softer US jobs data increased. This kept investors uncertain of a 50—or 25-basis-point rate cut by the Fed at the September 17-18 meeting.
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USD/CHF holds losses after soft US labor market data
On Friday, the USD/CHF fell to a daily low of 0.8375 and then recovered back above 0.8400. The upside, however, is limited as the US reported weak labor market figures.
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Gold Price Forecast – Gold Continues to See Upward Pressure
The gold market continues to see a lot of upward pressure, as the market looks at multiple reasons for it to continue going higher at this point in time. This is a market that will continue to see a lot of volatility, but more upward pressure will overtake things in
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