Forex News

22 February 2018, 4:56 pm

USD/CAD Surges Into Resistance- Rally Vulnerable Ahead of Canada CPI

USD/CAD is up more than 4% off the monthly lows with the rally now testing key resistance. Here are the updated targets & invalidation levels that matter.

22 February 2018, 4:15 pm

‎US Dollar Index (DXY) Forecast: The Most Crowded Trade Gets Tested

The US Dollar Index (DXY) drop attracted institutions who hold steadfast to their view that USD should drop further, but since February 16 their resolve has been tested on a strong DXY bounce.

22 February 2018, 3:33 pm

Ripple Price Chart Flashes Warning Signs

Ripple (XRP) is currently trading around an important support zone backed up by a strong technical level. A break and close below could see Ripple losses accelerate further.

22 February 2018, 2:31 pm

US Dollar Wipes Out Gains: Japanese Inflation as a Pivotal Driver

The US Dollar caught a bid after yesterday's release of FOMC minutes. But that theme has been unable to last, and prices are already back to pre-release levels.

22 February 2018, 2:30 pm

DailyFX US AM Digest: US Dollar Takes a Breather after Four Day Rally

The January FOMC minutes made clear policymakers are toying with the idea of four rate hikes in 2018, although they would only occur at a “gradual” pace.

22 February 2018, 1:30 pm

The budget, ratings agencies and the rand

On the release of the 2018 budget, the rand found continued strength against developed market and emerging market currency peers.

22 February 2018, 1:13 pm

DXY Index Rebound Stalling at Downtrend Resistance

While the minutes themselves resulted in only a minor reaction initially, traders are quickly adjusting to the prospect of four rate hikes this year.

22 February 2018, 1:12 pm

Euro Steady as ECB Minutes Show Some Members Want to Drop Easing Bias

The Euro held its ground Thursday after the minutes of last month’s meeting of the ECB Governing Council showed some members want to drop their bias towards easier monetary policy.

22 February 2018, 12:11 pm

Gold & Silver Technical Outlook: Path of Least Resistance Remains Down

Precious metals continue to decline, gold from a long-term trend-line, silver from shorter-term resistance; still looking for lower prices.

22 February 2018, 11:30 am

Gold Price Under Pressure as US Government Bond Yields Rise

Higher yields on US Treasury notes and bonds are lessening the attraction of gold despite its safe haven status.

22 February 2018, 10:15 am

GBPUSD Weakens After UK Growth Misses Expectations

The second release of UK Q4 GDP disappointed Thursday, coming in at 0.4% against a prior reading and expectations of 0.5%. And with a resurgent USD already weighing on GBPUSD, further downside is likely.

22 February 2018, 10:00 am

Crude Oil Prices May Get Lift From EIA Data After Fed-Led Drop

Crude oil prices may find a lifeline if EIA inventory flow data echoes upbeat private-sector estimates having fallen amid fears of aggressive Fed interest rate hikes.

22 February 2018, 8:59 am

Bitcoin & Ethereum Charts May Have Just Posted Ominous Lower-highs

The big bounce in the cryptocurrency market may be over, another strong leg lower could be on its way from here.

22 February 2018, 7:29 am

Asian Stocks Mixed On Hawkish Fed Minutes, Stronger US Dollar

Asian stocks put in a choppy performance as investors digested the last set of policy meeting minutes from the US central bank which left multiple rate hikes in prospect

22 February 2018, 6:00 am

NZD/USD Can’t Get Enough of Volatility, Double Top Forming?

New Zealand Dollar 1-day and 1-week implied volatility versus its US counterpart are the highest of the majors. Signs of reversing appear to be forming on a NZD/USD daily chart.

22 February 2018, 5:00 am

USD/JPY and the Yen Crosses Offer Technical Intrigue But Fundamentals Tepid

I - like most traders - am frequently drawn to a market because of the appetizing technical picture it presents first.

22 February 2018, 3:00 am

Nikkei 225 Technical Analysis: Better Buy Levels May Lie Ahead

The Nikkei 225 has managed to stem its dramatic fall and looks well supported by the fundamentals. That doesn’t mean there won’t be better buying chances ahead though

22 February 2018, 1:30 am

US Dollar Poised to Gain Ground Against Canadian Cousin

A newly assertive US Dollar has broken through the bounds of a down trend defining price action against its Canadian counterpart since May, hinting at further gains ahead.

22 February 2018, 12:46 am

Is There Enough Fuel for Global Risk Aversion or Dollar Recovery?

There is little doubt that risk aversion jolted the financial markets into the close of the New York trading session Wednesday, but is there enough there for a tradeable trend?

22 February 2018, 12:00 am

Asia AM Digest: FOMC Minutes Aftermath Hurt Stocks, Boosts USD

In the aftermath of the Fed’s minutes from the January meeting, Wall Street took a dive and the US Dollar gained. Meanwhile, the British Pound swung on a couple of key events.

21 February 2018, 9:00 pm

FX Overbought/Oversold Report: Finding Opportunities in Extremes

Traders of all types are often drawn to extremes as they present opportunities. Here is a look at a popular indicator’s key readings on major currency pairs.

21 February 2018, 8:48 pm

EUR/USD Carves Bearish Series Ahead of ECB Minutes, More Fed Rhetoric

EUR/USD stands at risk for a larger correction as the bullish momentum carried over from late last year appears to be abating.

21 February 2018, 8:36 pm

Near-term Setups in USD/JPY, AUD/NZD, Ripple (XRP/USD)

Here's an update on a few of the setups we’ve been tracking this week. For a complete breakdown of Michael’s trading strategy, review his Foundations of Technical Analysis series on Building a Trading Strategy.

21 February 2018, 8:13 pm

USD/CHF Rallies to Resistance: Will Sellers Respond?

USD/CHF is pulling back after setting fresh two-year lows just last Thursday, and prices are now testing a prior area of potential lower-high resistance.