Euro Price Forecast: Fading Risk Sentiment Dampens EZ PMI & ZEW Data
EUR/USD slips on the back of political uncertainty despite positive eurozone PMI and economic sentiment data. Read More
US Dollar (DXY) Grabs a Small Bid Ahead of Important US Data
The US dollar is back up and running after a long weekend and is edging higher, aided by a firm US Treasury complex. US PMIs out this afternoon will give the greenback short-term direction. Read More
GBP/USD Rallies as UK PMI Points to a Solid Recovery
The UK Private sector returned to growth in February following a sharp rebound in the service sector in particular. Read More
Swedish Krona Holds the High Ground as US Return from Holidays. Lower EUR/SEK?
The Swedish Krona has paused after massive gains from a more hawkish Riksbank tackling swelling inflation. The US will return from a long weekend today, will USD trend resume? Read More
Australian Dollar Steadies as Trends Get Tested. Where to for AUD/USD?
The Australian Dollar eased today after finding support on Monday as the market digests RBA meeting minutes and ahead of the Wages Price Index this week. Is the trend intact for AUD/USD? Read More
Is B2B Forex Fraud on the Rise in 2023?
<p>Business-to-business forex fraud is on the rise, with companies losing millions of dollars to scammers each year. Forex fraud is a type of financial fraud in which the foreign exchange market is manipulated.</p><p>In this article, we’ll look at why B2B forex fraud is on the rise and what companies can do to protect themselves. </p><p>The forex market’s global scope</p><p>The forex […]
Gold Prices (XAU/USD) Nudge Higher But Bigger Tests Lie Ahead
The precious metal has regained the $1840 level but with the US closed and with heavyweight data and event risk looming this week, volatility is likely in the coming days Read More
Euro Dollar Outlook: EUR/USD Trades Flat as Volatility Remains Light
EUR/USD has risen to another zone of technical resistance, driving Euro Dollar into another tight range. As volatility remains light, fundamentals could drive the next move. Read More
GBP Price Forecast: Pound Flat Against Peers, Dovish Pressure on BoE Mounting
EUR/GBP & GBP/USD price action shows minimal changes to last week’s close as markets prepare for a slew of UK, US and eurozone fundamental data throughout the week. Read More
USD/JPY Update: Signs of Exhaustion, Acceptance Above 134.50 Needed for Bullish Rally to Continue.
USD/JPY has stalled following last week’s 300-pip rally. Retracement is looking more likely before further upside. Read More