News
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British Pound Price Forecast: GBP/USD, GBP/JPY, EUR/GBP, GBP/CAD
It was a strong week for Sterling but can it keep it up? GBP/USD and GBP/CAD put in explosive moves while GBP/JPY and EUR/GBP stare down significant obstacles on the chart.
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XE Market Analysis: Asia – Jul 31, 2020
The DXY recovered from two-year lows of 92.55 seen overnight, then rallied to 93.53 highs through the morning session. Week-end and Month end Dollar short covering appeared to be the main driver. Incoming data was mixed, leaving personal income and PCE a bit weaker then expected, the Chicago PMI better, while the final U. Mich […]
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Euro Technical Outlook: EUR/USD Breakout Marks Week Six- Rally at Risk
The Euro rally is poised to mark a sixth week with the advance now testing critical technical resistance. Here are the levels that matter on the EUR/USD weekly chart.
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S&P 500, FTSE 100 Technical Forecast For Next Week
S&P 500 edging towards critical support, FTSE 100 makes bearish break heading into an seasonally unkind month.
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Japanese Yen Forecast: Can USD/JPY Get Out of Its Own Way?
USD/JPY rose sharply on Friday, but there are doubts as to whether it is a sustainable move.
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XE Market Analysis: Asia – Jul 30, 2020
The DXY printed fresh two-year lows in N.Y. on Thursday, printing a base of 93.04, after opening at 93.61. The plunge in Q2 GDP, along with the rise in both initial jobless claims and continuing claims dented sentiment overall, seeing stock slide, and Treasury yields fall to record lows. The USD was impacted by the […]
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XE Market Analysis: Europe – Jul 31, 2020
The dollar continued lower in what is now the biggest monthly decline the U.S. currency has seen in a decade. The narrow trade-weighted USD index printed a fresh 26-month low at 92.59, the culmination of a 5% decline from the finishing level in June and marking just over a 10% drop from the highs seen […]
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XE Market Analysis: North America – Jul 31, 2020
The dollar pared intraday declines that were largely seen ahead of the London open. The narrow trade-weighted USD index printed a fresh 26-month low at 92.59, the culmination of a 5% decline from the finishing level in June and marking just over a 10% drop from the highs seen in early March, before lifting to […]
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AUD/CAD Forecast: Price May Reverse Lower
Today, AUD/CAD has hit a new 20-month high then declined after. Will bulls continue rallying the price or have they lost steam?
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