Forex News

Based on last week’s price action and the close at .7175, the direction of the AUD/USD on Monday is likely to be determined by trader reaction to the Fibonacci level at .7163....

Friday’s inside trading range suggests investor indecision and impending volatility. Basically, a sustained move over 113.710 will indicate the presence of buyers. If this creates...

Based on the weak close near the low of the session, we’re expecting the downside momentum to continue on Monday. We could see some counter-trend buying due to position-squaring...

The Euro finally broke the triangle it’s been forming over the past month; lower prices ahead as it makes maybe its final meaningful move of the year.

The UK government has yet again failed to convince anyone that its current Brexit stance is workable and that continues to paint a gloomy picture for Sterling

The DXY Dollar Index managed to charge to its highest level since June 2017 this past Friday. The insinuation of a breakout fueled by a ‘demand for alternatives’...

Both daily and weekly GBPUSD charts remain weak and any rally will be met by strong resistance.

GBP/USD 30-minute chart GBP/USD bulls are en route to reconquer the 200-period simple moving average. GBP/USD is set to gain momentum as a break above 1.2600 figure would open...

USD/CHF 4-hour chart USD/CHF broke below the 200-period simple moving average. USD/CHF is set to lose momentum as a failure to break above the parity level would open the...

USD/JPY may face range-bound conditions ahead of the Federal Reserve interest rate decision as it struggles to test the monthly-high (113.82).

The Australian Dollar may be setting itself up for declines in the final weeks of 2018. AUD/USD and AUD/NZD look vulnerable while AUD/CAD is overshadowed by a bearish reversal...

MUFG on the euro MUFG Research discusses EUR/USD outlook and adopts a neutral bias but flags next week's FOMC as a possible trigger for reversing USD strength through next...

EUR/USD off weekly lows but still down for the week. ECB announced the end of the purchase program on Thursday and next week the Fed is expected to raise rates. The EUR/USD pair...

Next week is the final full trading week of 2018, and the economic calendar is loaded with a couple of high-impact events that can continue to stoke volatility across global...

AUD/USD 30-minute chart AUD/USD broke below the 200-period simple moving average. AUD/USD is set to lose momentum as a break below 0.7151 would open the doors to 0.7120 and...

The US dollar rallied during the week, reaching towards the highs again near ¥114. However, the uptrend line underneath continues offer support while massive resistance offers...

The British pound broke down during the week, slicing through the 1.27 level as there was a “no confidence vote” for Teresa May. She did survive it, so that was a brief reprieve...

The British pound continues to grind lower during the week against the Japanese yen, even after having a massive bounce from a reaction to Teresa May surviving a no-confidence...

USD/JPY 30-minute chart USD/JPY is breaking below the 200-period simple moving average. USD/JPY erased the daily gains and is now en route towards 113.14 support. A break...

The Euro fell during the week, reaching towards the bottom of the consolidation that we are currently in. However, what you don’t see on this chart, and you do see on the daily...

The Australian dollar initially tried to rally during the week but found enough resistance at the 0.7250 level to turn around and fall. Not only did it fall though, it ended up...

The New Zealand Dollar recovered from a December low Friday as risk-assets stabilised ahead of the weekend and President Donald Trump suggested a deal to end the so-called trade...

The British pound continues to slide during trading on Friday, as the relief rally after Teresa May avoided a no-confidence vote has been completely wiped out. She went to...

The British pound fell hard during the trading session on Friday, as we continue to see a bearish pressure. As it looks like the European Union is unwilling to budge on the Brexit...

The Euro breaks down significantly during the trading session on Friday, showing just how precarious things are at the moment. There are a lot of concerns about the Brexit, and of...

The Australian dollar broke down during the session on Friday, as we have negative numbers coming out of China to suggest that the economy may be slowing down. Ultimately, I think...

EUR/USD daily chart EUR/USD is trading in a bear trend below the 50, 100 and 200-day simple moving averages. EUR/USD broke below a triangle pattern.

AUD/USD continues to chip away at the advance from the 2018-low (0.7021), with the pickup in volatility spurring a further shift in retail interest.

Persistent Brexit Uncertainty Drags Pound Sterling US Dollar (GBP/USD) Exchange Rate Down After Theresa May failed to make progress at Thursday’s EU summit the mood towards Pound...

EUR/GBP daily chart EUR/GBP is trading in a bull trend above flat 50, 100 and 200-day simple moving averages.

USD/JPY down 25 pips USD/JPY has been hit by heavy selling into the fix. There are no headlines driving the move, or at least no headlines that I can find. ForexLive