forex news

EUR/USD briefly moved above the 1.1909 recent high yesterday but was then abruptly stopped at the 1.1923/26 key resistance. The pair needs to surpass the mentioned 1.1926 level to confirm a direct resumption of the uptrend for 1.2140/55,…

The Japanese yen continues to pressure the US dollar. What is the outlook for USD/JPY? Here is their view, courtesy of eFXdata: Credit Suisse discusses USD/JPY outlook and sees limited scope for sharp moves below 105 under the current ma…

EUR/USD has retreated after Trump’s TikTok move.  July’s Non-Farm Payrolls can go either way, fiscal talks also eyed.  Friday’s four-hour char is showing bulls are still in the lead. Negative Non-Farm Payrolls? That could turn to make th…

Gold extends its choppy trend after refreshing all-time-highs at $2075 in early Asia. The metal lacks a clear directional bias heading into the critical US NFP. ‘Buy the dips’ will remain in vogue alongside the US dollar dynamics amid a …

NZD/USD drops to intraday low after China’s July month trade numbers flashed mixed signals.
The fall in imports supersedes upbeat Trade Balance and Export figures.
The rising wedge chart pattern is in focus amid bearish MACD.
Multiple u…

EUR/CHF seesaws near the weekly top amid inside a bearish chart pattern.
Bullish MACD suggests further advances to the formation resistance.
200-bar EMA adds filters before pleasing the bears.

EUR/CHF trades near 1.0810 amid the early …

Gold has pulled back from the record high of $2,075. 
The 4-hour chart shows a bearish divergence of key indicators.

Gold is currently trading near $2,067 per ounce, having reached a record high of $2,075 during the early Asian tradin…

 Assistant Governor Economic Luci Ellis’s is speaking via an ABE webinar and has stated that Australia’s economic recovery will be slower than hoped.
he expresses that unemployment will stay high for several years even though the contrac…

The People’s Bank of China (PBOC) has set the yuan reference rate at 6.9408 versus Thursday’s fix at 6.9438.