Trading News

Yen Falls as Interest Rate Forecasts Vary; NZ Dollar Falls

The yen fell against key rivals on Monday after data from the United States supported the argument for additional Federal Reserve rate hikes, underlining a widening gap with Japan, where the central bank continues to keep the benchmark yield around zero. Likewise, the risk-sensitive New Zealand and Australian currencies fell as US-China tensions over Taiwan escalated, with Beijing serving as a ...

Weekly Forex Forecast (April 10-14, 2023)

The DXY, EURUSD, GBPUSD, USDJPY, and USDCAD are all included in today's weekly currency prediction. The US Dollar Index (DXY) bounced off macro support last week and is trying a bullish recapture, while EURUSD and GBPUSD appear to be headed for a fall.

On the opposite end of the spectrum, we have USDJPY and USDCAD, ...

The GBP has Reached its Highest Level Since June, While the Euro is Rising as the Dollar Falls

The pound soared to a fresh 10-month high versus the dollar on Tuesday, while the euro rose to its highest level in two months, as market speculations on the conclusion of the US rate-hiking cycle weighed on the greenback.

Sterling touched $1.2475, its highest level since June 2022, and was last trading slightly below it, up 0.4%. Read More

Dollar Rises as Fears Resurface Following the OPEC+ Surprise

The US dollar began the week stronger as inflation worries returned following a surprise announcement by major oil producers to cut production even more, with traders betting the Federal Reserve would need to raise interest rates at its next meeting.

The declaration from OPEC and its allies, known as OPEC+, comes as statistics on Friday revealed that consume...

Weekly Forex Forecast (April 3-7, 2023)

The DXY, EURUSD, GBPUSD, USDJPY, and AUDUSD are all included in today's weekly currency prediction. On Friday, the dollar index earned a potentially substantial recovery, while currency pairings such as EURUSD and GBPUSD struggled.

In today's currency prediction, I go through all of this and more. 
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Weekly Forex Analysis

The weekly forex forecast includes predictions for EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/CAD, and USD/JPY. Our weekly forex prediction includes technical analysis, price activity on major currency pairs, assets employing high-timeframe analysis, and market environment.

Welcome to this week's Weekly Forex Forecast video, in which we use a basic but effective top-down technique to determi...

Euro Forex Trade Idea: How to Profit From The Long-Term Bullish Trend

VolatilityMarkets recommends top quant trade ideas to capitalize on moving markets.

Price

EURUSD's last price was € 1.087321.

Trend analysis

In the short term, Euro has been accelerating higher. In the long term, Euro has been accelerating higher.

Value analysis

Over the past 20 days, the EURUSD price increased by 15 days and de...

The New Zealand Dollar Has Peaked, and Investor Confidence is Next

On Wednesday, the New Zealand dollar fell. In the North American session, the NZD/USD is trading at 0.6236, down 0.28%. Pending House Sales in the United States declined but were better than predicted. ANZ Business Confidence is released later in the day in New Zealand.

Business confidence in New Zealand is projected to rise.

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GBP/USD Price Level Is Weak Follow-up, Focus on the US GDP

• The GBP/USD pair is now trading just below key resistance.
• A comeback was natural after the previous decline.
• The statistics from the United States should be crucial tomorrow.

The GBP/USD exchange rate fell in the short term, and it was trading at 1.2308 at the time of writing. Following such rapid expansion, a reversal is likely.

Fundamentally, the USD wa...

GBP/USD Bullish Forex Analysis, Nearing 9-Month High Price

Today’s GBP/USD Signals:

Risk 0.75%.

Trades may only be entered before 5 pm London time today. 

Long Trade Idea

• Long on the next touch of $1.2292 or $1.2266 after a bullish price action reversal on the H1 timeframe.
• Set the stop loss one pip below the current swing low.
• If the transaction is 25 pips in profit, adjust the stop los...
  
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  Posted On: 28-Mar-2023 03:03:28

The Dollar is Stable as Investors Remain Concerned Crisis

The dollar held steady on Monday, while the yen stayed at a seven-week high as investors examined steps by authorities and regulators to calm concerns about the global financial system.

The dollar index, which compares the greenback to six rival currencies, was up 0.078% at 103.060, after rising 0.5% on Friday amid banking jitters, with shares of Deutsche Ba...

GBP/USD: Weekly Forecast 26th March - 1st April

The GBP/USD had a bumpy week, as trading within the currency pair reflected the anxious behavioral attitude prevailing in the broader market. The GBP/USD reached a high of around 1.23430 on Thursday of last week, as the Bank of England followed the lead of the US Federal Reserve and raised its Official Bank Rate by 0.25% to 4.25%.

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Weekly Forex Forecast (March 27-31, 2023)

The DXY, EURUSD, GBPUSD, USDCAD, and EURJPY are all included in today's weekly currency prediction. This week, the US Dollar Index (DXY) made a big bullish recovery, while the EURUSD approached channel support from October.

This year, we also have a possible 900-pip chance on USDCAD and a EURJPY reversal pattern wor...

Crypto Prices Today: Bitcoin Down 2.91%, Ethereum Down 3.54%

The worldwide cryptocurrency market cap fell by 2.77 percent. Arbitrum ARB was the most popular cryptocurrency, while Flare FLR was the best performer.

The worldwide crypto market cap was $1.15 trillion at noon IST on March 25, 2023, a 2.77 percent reduction from the previous day. Total crypto market volume over the preceding 24 hours was $54.36 billion, a 0.08 percent decrease.

D...

EURUSD Falls Through the 200 hour MA 50% Midway Breakout 

Today, the EURUSD dropped quickly. If you look at the hourly chart above, you'll notice that the pair was also moving to and through a couple of critical technical levels at the lows today.

The 200-hour moving average and the 50% midpoint of the run-up from last week's low to this week's high were among those milestones. Several technical levels have come together at 1.0722.

The l...

The Dollar Falls as Markets Assess the Fed's Rate Hike Path; The Yen Climbs

The dollar fell to near seven-week lows on Friday as investors remained wary of banks and traders assessed the Federal Reserve's odds of pausing interest rate rises. The dollar index, which compares the US currency to six major competitors, lost 0.097% to 102.48, slightly above the seven-week low of 101.91 set on Thursday.

On Thursday, the index posted its first increase in six trading d...

Dollar Declines For the Sixth day; BoE, SNB, and Norges Bank Increase Interest Rates

The dollar was on track for its longest losing streak in two and a half years on Thursday after the Federal Reserve signaled an end to interest rate hikes, while the Swiss National Bank and the Bank of England continued to raise rates.

The Fed raised its benchmark funds rate by 25 basis points on Wednesday, as expected, but dropped language about "ongoing in...

The Dollar Falls on the Fed, But Still it Shows Signs of Recovery

The US Federal Reserve boosted interest rates by 25 basis points, as predicted. As the Federal Reserve attempts to strike a balance between rising inflation and banking turbulence, the end of the tightening cycle is approaching.

Markets soared on the news but subsequently reversed, aided by remarks from US Treasury Secretary Janet Yellen. She stated that "blanket insurance" for bank depo...

Gold: Top-down Technical Analysis

Top-down technical analysis might be the direction for market investors/traders during turbulent periods like the present Credit Suisse-bailout era. Concentrating on numerous timeframes helps prevent making conclusions based solely on the extremely short-term periods under consideration.

This method is more time-consuming and is often overlooked by traders, but the rewards exceed the dra...

The Forex Market - USD CAD and AUD USD Analysis

USDCAD Has a Bearish Trends:

The USDCAD pair moved with evident optimism yesterday, breaking over 1.3680 and settling above it, but we observe that recent trades are contained inside the bearish flag pattern, as the price settles below this pattern's resistance and continues to record sliding peaks.

To evaluate the reasons for today's bad start,...

The USDCAD has broken through the support level.

The USDCAD pair managed to break the 1.3680 level and complete the daily candlestick below it, which effectively confirms the continuation of the projected negative trend scenario for the forthcoming period, paving the way for a move towards 1.3500, our next primary objective.

The triple top pattern creates negative pressure that supports the continuation of...

GBP/USD Forex Forecast: Bullish Over $1.2167

Today’s GBP/USD Signals:

Risk 0.75%.

Trades must be taken before 5 pm London time today only. 

Long Trade Idea

• Long entry after a positive price action reversal on the H1 timeframe on the next touch of $1.2167, $1.2127, or $1.2102.
• Set the stop loss one pip below the current swing low.
• After the trade is 25 pips in profit, move t...
  
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  Posted On: 21-Mar-2023 05:03:43

The Safe-Haven Yen Regains Strength as Concerns About Bank Contagion Grow

The safe-haven yen recovered from early severe drops, but the risk-sensitive Australian and New Zealand currencies lost ground as early optimism about global regulators' attempts to limit a financial crisis faded.

Japan's yen, which is particularly sensitive to long-term Treasury rates, recovered from losses as high as 0.6% to the last be level versus the do...

Bitcoin Hit $1 Million in 90 Days, and The Dollar Will be Gone

BitcoinBTC -1.2%, Ethereum, and other major cryptocurrencies have soared this week amid a financial crisis that might trigger a large Federal Reserve earthquake.

The bitcoin price has surpassed $27,000 per bitcoin, an increase of more than 30% since last week, reaching a high not seen since June of last year. The bitcoin craze has also pushed the price of Ethereum and other major cryptocu...

The Dollar Falls as Bank Lifelines Support Risk Level

The dollar fell on Friday as major US power brokers, including the government and banks, gave a lifeline to a failing regional institution to relieve financial system stress, giving investors some hope.

The bailout of First Republic Bank in the United States on Thursday increased risk appetite internationally on Friday, allowing the Australian and New Zealan...

While Faith Helps, The US Dollar Struggles to Find Demand

As the market vibe improves as fears about a deeper financial crisis fade near the end of the week, the US Dollar is struggling to maintain its resilience versus its major competitors. In the European session, Eurostat will release February inflation figures (revision).

Later in the day, the University of Michigan's Consumer Sentiment Survey for March, as well as the US Federal Reserve's...

The USDCAD Rises – Analysis - 16-03-2023

The USDCAD pair couldn't stay below 1.3680 for long before rallying strongly upwards and returning to the bullish channel, reactivating the bullish wave and heading towards gains that begin at 1.3860 and extend to 1.3975.

As a result, we anticipate more bullish bias in the coming sessions, supported by the EMA50, which carries the price from below. However, ...

Bitcoin Exceeds $26,000 After the Expected February CPI Leak

Bitcoin's (BTC) recent rise has gained traction, fueled by fears about traditional banking following recent crashes and the expected inflation figures. The world's largest cryptocurrency has risen about 10% in the last 24%, trading at $25,854 at the time of writing, briefly approaching $26,000.

Bitcoin's price surpassed $26,000 on Tuesday, as investors worried about the impact of the Sili...

The Dollar Gains Ground as US Inflation Data Puts the Fed in a Bind.

The dollar moved higher on Tuesday as traders ignored a relatively good reading of consumer pricing data and attempted to predict whether the Federal Reserve will raise interest rates next week, following the failure of two banks that triggered broad market concern.

The dollar index, which measures the value of the dollar against six other currencies, increased 0.096% as Treasury rates r...

The AUDUSD is Unable to Break Through - Analysis - 14-03-2023

The AUDUSD pair failed to confirm breaking through the 0.6665 level, and it opens today with a bearish bias, implying that the correcting bearish wave has resumed, with 0.6550 being the next negative objective.

As a result, we anticipate negative trades in the next sessions, structured inside the bearish channel seen on the chart and supported by the EMA50, which presses negatively on the...

Bitcoin's Price Has Risen to $20,000 on the Liquidation of $422 Million in BTC Options

• Bitcoin's price briefly fell below $20,000, and almost $422 million in long and short bets were liquidated.
• BTC fell to a five-week low in response to the week's events, yet whales continued to accumulate Bitcoin.
• According to analysts, numerous Bitcoin whales have purchased call options with a strike price of $25,000 expiring in April.

Read More

This Week's Focused Pairing (13.03.2023 - 17.03.2023)

EUR/USD:

The EUR/USD has fluctuated throughout the trading week as we continue to challenge the 50-Week EMA. At this moment, it appears like there is a lot of choppiness and hesitation, and I believe that will continue.

If we break below the past few weeks, we might fall below the 1.03 level. After that, the market might look for the parity level, which would get a lot of at...

Bitcoin falls 6% as House Committee Holds First Hearing on Split Digital Assets

Bitcoin, Ethereum, and many cryptocurrency-related stocks dropped by 6 to 10% on one of the busiest days in one of the busiest weeks for crypto in the first quarter of 2023.

The day included an editorial article by SEC Chair Gary Gensler, statements on digital asset regulation from the FED's Michael Barr, and, probably most importantly, the inaugural hearing of the Subcommittee on Digita...

The Dollar Remains Stable as Unstable Markets await for Payroll Data

The dollar index remained stable on Friday, a rare sign of calm in turbulent global markets ahead of critical US payrolls data later in the day, while the yen fell as the Bank of Japan maintained its stimulus levels.

The dollar surged as high as 0.64% versus the yen following the Bank of Japan's decision to keep policy unchanged in Governor Haruhiko Kuroda's...

The AUD USD is Now in a Weak Scenario

AUDUSD has been stuck in a tight range, failing to recover from Tuesday's drop to 0.6579, and this has pushed the pair back into the red zone every week.

The steep shorting occurred following a significant rejection near the falling trendline formed in May 2021, yet an upside reversal is possible as the RSI and stochastic oscillator are now flirting with ove...

Forex Technical Analysis and Forecast

EUR/USD:

The currency pair recovered from 1.0693 and broke through 1.0572. A consolidation range is now formed beneath this level. The quotations should then break out of the range and continue the downward trend to 1.0450. The objective is regional.

GBP/USD:

The currency pair recovered from 1.2060 and broke through 1.1920. A consolidation range is now formed ben...

The Dollar Remains Stable as Traders await job data

The dollar remained stable on the day, although down from three-month highs set earlier on Wednesday, as Federal Reserve Chairman Jerome Powell delivered no significant shocks during his second day of congressional testimony and as investors awaited Friday's employment report.

Powell reinforced his message of greater and perhaps quicker interest rate rises but stressed that the discussio...

USD/JPY Forex Signal: Bearish Inflection Just Below ¥138

Today’s USD/JPY Signals

Risk 0.75%.

Trades may only be taken before 5 pm Tokyo time Thursday.

Short Trade Ideas

• Sell entry after a negative price action reversal on the H1 timeframe and the next touch of 138.39 or 139.00.
• Set the stop loss one pip above the current swing high.
• Adjust the stop loss to b...
  
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  Posted On: 08-Mar-2023 08:03:31

Forex Market Perceptions in Major Currencies

Another week of US dollar gains coincided with an increase in long holdings for GBP/USD and AUD/USD among our customers. Whilst the USD is not as powerful as it was during the currency's high in 2022, it is approaching similar levels in AUD/USD and USD/CAD in particular. The bulk of our clients appears to be playing the contrarian since they are short the dollar in most key pairings.

Cust...

The Dollar Rose Ahead of Powell's Speech

The dollar rose against a basket of currencies on Tuesday as investors awaited Federal Reserve Chairman Jerome Powell's speech for hints on whether a recent series of positive data and persistently rising inflation has changed his stance on monetary policy.

Powell will appear before Congress on Tuesday and Wednesday, before the highly anticipated February employment report on Friday. "Th...

The Dollar is Falling Ahead of Powell's Appearance

The US dollar remained cautious on Tuesday ahead of testimony by Federal Reserve Chair Jerome Powell, while the Australian currency fell after the Reserve Bank of Australia lifted its cash rate by 25 basis points but muted its hawkishness in its statement.

The Australian dollar fell to a more than the two-month low of $0.6690 and was last down 0.33% at $0.6712 after the central bank lift...

Possible USD/JPY Rising Wedge Break, 135?

The Japanese Yen is looking forward to the next week as significant economic events dominate the schedule (see below) for both the US and Japanese economies. From a US standpoint, investors will be searching for clues about the impending Fed interest rate decision, namely if Fed Chief Jerome Powell hints at a return to a 50bps increase or not. Money markets are currently trapped between the two...

Prediction for Forex Today

The DXY dollar index broke past the 105.00 point level again on Thursday, March 02, but could not hold it. The dollar was supported, as usual, by an increase in US government bond rates.

The yield on 10-year notes increased to 4.09%, its highest since November 10, and the yield on 2-year securities increased to 4.91%, its highest since 2007. The adjustment of US labour market figures in ...

GBP/USD: Weekly Forecast 5th March - 11th March

The week ahead for the GBP/USD will need careful assessment of possible 'traps' in economic data and rhetoric. The GBP/USD pair ended the week around 1.20430 following a bumpy and tense trading session.

A low around the 1.19220 ratios was touched early on Monday and again on Thursday. Nonetheless, a high of around ...

The Dollar is Dropping for its Biggest Weekly Loss Since Mid-January; Bitcoin is Down

The US dollar fell from a two-and-a-half-month high against the Japanese yen on Friday, on track for its biggest weekly loss since mid-January against a basket of six major currencies, as traders stepped back to gauge the path of Federal Reserve policy.

According to analysts, the market has for the most part priced in the prospect of a higher terminal fed funds rate following the recent ...

Weekly Forex Market Analysis

The weekly forex forecast includes predictions for EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/CAD, and USD/JPY. Our weekly forex forecast includes technical analysis, price action on major currency pairs, assets using high-timeframe analysis, and market environment.