The USD is set to go extremely volatile today on the release of Advance GDP figures for the 2nd quarter from the U.S. economy at 12:30 GMT. The forecasted results are -1.4%, significantly better than the 1st...
EUR/USD The pair broke through support at 1.4120 and more support at 1.4060 but has managed to stay above the 1.4000 level. A break below 1.4000 will likely target 1.3920 followed by 1.3880.Resistance on the upside is...
The price of Crude Oil experienced a sharp decline in prices yesterday after a U.S. inventories report highlighted a sudden surge in energy supplies. While these reports may carry mixed messages about demand, supply, and growth expectations,...
USDCHF failed to test 1.0590 previous low support and rebounds from 1.0622, suggesting that the pair has formed a cycle bottom at 1.0622 level on daily chart. Further rally is expected to test 1.1021 previous high resistance,...
Being contained by 1.4338 previous high resistance, EURUSD pulls back from 1.4304, suggesting a cycle top has been formed on daily chart. Deeper decline is now in favor and next target is to test 1.3748 support, below...
There are a number of important factors to be considered as you decide on the forex broker best suited to your expectations. Assuming that you’re a beginner, you do not possess a background in trading or similar...
The U.S dollar drifted sideways against a basket of currencies on Wednesday, hovering not far from the lowest level of the year, as investors continue to assess the real economy by looking at economic data in the...
EUR/USD Yesterday the pair tested the lows in the current range at 1.4120. So far that level has held. A break below indicates a swing down, although a move below 1.4100 would help confirm. 1.4060 is the...
As expected, AUDUSD breaks above 0.8263 previous high resistance. Further rally to 0.8500 is still possible in next several days. Near term support is now at 0.8050, as long as this level holds, we would expect the...
The U.S dollar remained weak against its major currencies in range-bound trade on Monday as U.S. equity markets remained in negative territory, indicating waning desire among investors for riskier assets. Also Monday, U.S. and Chinese officials began...
