Forex Crunch - RSS Feed

Forex Trading with a Personal Touch

Latest articles

Gold Playing in Demand Zone, Eying US Core PCE Price Index

XAU/USD tries to rebound after reaching a demand zone. A new lower low activates more declines. The bias remains bullish, but the US data could move the price today. The gold price dropped on Friday, but the bias still remains bullish. If the USD resumes its depreciation, the metal may turn to the upside at … Continued The post Gold Playing in Demand...

EUR/USD Price Analysis: ECB Set to Deliver Bigger Hike than Fed

The euro is expected to increase by 0.4% this week. Investors are expecting a 25bps rate hike from the Fed. Markets are expecting a 50bps rate hike from the ECB. Today’s EUR/USD price analysis is slightly bullish. The dollar dropped almost to a nine-month low versus the Euro in response to market predictions that the … Continued The post EUR/USD Price...

GBP/USD Outlook: BoE Facing an Uphill Task with Inflation

British surveys on business confidence and activity show a struggling economy. The pound is on track for its fourth consecutive monthly surge versus the dollar. The US gross domestic product expanded at an annualized rate of 2.9%. Today’s GBP/USD outlook is bearish. Sterling maintained its stability on Friday but was on track to post its … Continued...

USD/CAD Outlook: BOC Hikes Rates but Signals a Pause

The BOC raised its benchmark interest rate on Wednesday to 4.5%. The BOC announced it would probably delay future hikes for the time being. Canada’s economy will stagnate and possibly enter a recession during the year’s first half. Today’s USD/CAD outlook is slightly bullish. The Bank of Canada raised its benchmark interest rate on Wednesday … Continued...

USD/JPY Forecast: Bleak US Earnings Fuel Recession Worries

A bleak US corporate earnings season is fueling recession worries. Traders are on guard ahead of a flurry of central bank meetings next week. BOJ policymakers cautioned that it would take some time before wages increase sustainably. Today’s USD/JPY forecast is bearish. On Thursday, the dollar sagged near an eight-month low versus its peers as … Continued...

EUR/USD Price Awaits Catalyst to Resume Buying Above 1.09

The EUR/USD pair dropped slightly, but the bias remains bullish. The upper median line (UML) represents a potential target. Escaping from the extended range, the EUR/USD pair signaled an upside continuation. The EUR/USD price dropped slightly after reaching today’s high of 1.0911. The pair is trading at 1.0888 at the time of writing. –Are you … Continued...

USD/CAD Outlook: Bears Dominating in the Wake of BoC

USD/CAD is struggling below the 1.3400 area. Sluggish oil prices may provide some room for buyers. Traders await the BoC rate decision today. At the start of the European session, the USD/CAD outlook hovers near the crucial support level of 1.3340. A fall in the loonie is expected to reach weekly lows around 1.3320 after … Continued The post USD/CAD...

GBP/USD Forecast: Broadly Inactive at 1.2320, Focus on US GDP

The GBP/USD price remains on the back foot. BoE and Fed may approach pivot after one hike. Moving forward, the US Q4 GDP data is key for the pair. Bears are looking for more clues to determine whether London will open further on Wednesday as the GBP/USD forecast remains below 1.2320. Following a two-day downtrend, … Continued The post GBP/USD Forecast:...

GBP/USD Price Drops from 1.2400 After Dismal Services PMI

The GBP/USD pair could turn to the downside if it stays below the immediate upside obstacles. The UK and US data could shake the markets. A larger drop could be activated after dropping below the pivot point. The GBP/USD price is trading at 1.2345, above yesterday’s low of 1.2323. The bias remains bullish in the … Continued The post GBP/USD Price...

EUR/USD Price Analysis: Buyers Intact amid Weaker Greenback

Money market traders predict that the Fed will only raise interest rates twice. ECB President Christine Lagarde said the ECB would continue raising rates to tame inflation. A decrease in natural gas costs and lessening recession fears were also helping bolster the euro. Today’s EUR/USD price analysis is slightly bullish. The dollar remained weaker against...

Discover, share and read the best on the web

Follow RSS Feeds, Blogs, Podcasts, Twitter searches, Facebook pages, even Email Newsletters! Get unfiltered news feeds or filter them to your liking.

Get Inoreader
Inoreader - Follow RSS Feeds, Blogs, Podcasts, Twitter searches, Facebook pages, even Email Newsletters!