Forex Market News
Updated: 1 hour 12 min ago
EUR/USD remains at risk of facing a larger pullback as it initiates a fresh series of lower highs & lows, while the RSI falls below 70 and flashes a textbook sell signal.
The pain trade in the U.S. Dollar continues after short-term resistance came-in off of the 2017 low. This has propelled EUR/USD and GBP/USD to fresh highs, but how might a trader approach the prospect of trend continuation?
After a promising close on Wednesday, the US Dollar is disappointing bottom pickers on Thursday with a weak performance thus far half way through the trading day.
The near-term rally in AUD/USD may gather pace should Australia’s employment report put pressure on the RBA to lift the cash rate off of the record-low.
Bitcoin prices have plummeted nearly 50% off the record highs with the decline now eyeing initial support. Here are the updated targets & invalidation levels that matter.
EUR/USD stands at risk for a larger pullback as European Central Bank (ECB) officials turn their attention to the recent appreciation in the single-currency.
Later this morning brings the first Bank of Canada rate decision of the year, and there is a very legitimate chance of a rate hike. But - what will the BoC say about the rest of the year, and will this be enough to evoke another leg of weakness in the pair's down-trend?
Overnight index swaps point to north of an 85% chance of a rate move today by the Bank of Canada, a near guarantee for a hike.
A less-hawkish forward guidance for monetary policy may undermine the near-term decline in USD/CAD as market participants push out bets for the next BoC rate-hike.
Gold prices may fall if the Bank of Canada hints at further rate hikes ahead after today’s widely expected increase. Crude oil prices are eyeing API inventory flow data.
The Euro is likely to ignore revised CPI data. A monetary policy announcement from the Bank of Canada may have broad, market-wide impact.
With speculation in the cryptocurrency markets at a fever pitch, government regulators have started to clamp down on the volatile digital assets.
A broader technical picture offers perspective on price with respect to trend. Here are the updated targets & invalidation levels that matter on the weekly charts.
USD/JPY stands at risks of staging a larger rebound should fresh comments from Federal Reserve officials boost expectations for a March rate-hike.
The U.S. Dollar extended its fall to fresh three-year lows to open this week; but with a bit of a rebound showing, the door is starting to open for bullish continuation setups in EUR/USD, GBP/USD.
The greenback's gains have faded on approach to the US cash equity open.
Crude oil prices may struggle to build higher despite a supportive risk appetite environment if an EIA report on drilling productivity points to swelling US output.
The British Pound may rise as upbeat UK CPI data stokes BOE interest rate speculation. The US Dollar may keep falling as markets reach for yield beyond the Fed.
Often times, we make an evaluation of a certain currency by referencing a single currency pair. Even when that pair is as liquid as EUR/USD, the picture we are getting of the individual may be far off the mark.
The US Dollar starts the week breaking its 2017 lows, on its way to its lowest level since January 2, 2015.