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The GBP/USD struck a high around the 1.27960 mark last Thursday and came within sight of the value again on Friday, this before a reversal lower took place as the weekend approached. The GBP/USD will begin tomorrow’s trading around the 1.26793 ratio. Traders who were fortunate enough to be wagering on upside momentum last week

Forex Brokers We Recommend in Your Region See full brokers list   The difference between success and failure in Forex / CFD trading is highly likely to depend on which assets you choose to trade each week and in which direction, and not on the methods you might use to determine trade entries and exits.

WTI Crude Oil fell to lows that challenged the 68.000 USD mark early on Wednesday of last week, the last time this price level for the commodity had been seen was in the last week of June 2023. However, as WTI Crude Oil slumped at this depth a reversal higher began to erupt. The move

The economic slump that has come with surging prices and higher rates looks like it is settling down now and again, but the negative numbers continue to come. This week we so some weak figures from Europe, China and the US, showing that the manufacturing activity is still in recession and the situation is getting

AUD/USD’s rise from 0.6269 resumed last week and the break of medium term falling channel suggests that whole fall from 0.7156 has completed with three waves down to 0.6269. Initial bias stays on the upside this week. Further rise should be seen to 0.6894 resistance next. Meanwhile, near term outlook will stay cautiously bullish as

EUR/USD: Dovish Fed Reversal The fate of EUR/USD was determined by two events last week: the FOMC (Federal Open Market Committee) meeting of the US Federal Reserve and the meeting of the Governing Council of the European Central Bank (ECB), which took place a day later. As a result, the euro emerged victorious: for the

USD/CHF’s fall from 0.9111 continued last week and edged lower to 0.8629 last week. Nevertheless, with subsequent recovery, initial bias is neutral this week for consolidations first. Break of 0.8629 will resume the decline to retest 0.8551 key support level. However, break of 0.8819 will turn bias back to the upside for stronger rebound. In

GBP/USD’s rise from 1.2036 resumed last week and edged higher to 1.2793. But with subsequent retreat, initial bias stays neutral this week for consolidations first. Outlook will stay bullish as long as 1.2499 support holds. On the upside, break of 1.2793 will resume the rally to 61.8% projection of 1.2068 to 1.2731 from 1.2499 at

Despite much volatility last week, USD/JPY’s fall from 151.89 is still in progress. But as a temporary low was formed at 140.94, initial bias is neutral this week first for consolidations. Upside should be limited well below 146.58 resistance to bring another decline. Break of 140.94 will target next fibonacci level at 136.63. In the

EUR/USD rose to 1.1008 last week but failed to break through 1.1016 resistance and retreated. Initial bias remains neutral this week first. Further rally is expected as long as 1.0722 support holds. Break of 1.1016 will resume the whole rise from 1.0447 to retest 1.1274 high. In the bigger picture, price actions from 1.1274 are

USD/CAD’s fall from 1.3897 resumed and accelerated lower last week, closing below 1.3378 support. The development argues that whole rise from 1.3091 has completed at 1.3897 already. Initial bias stays on the downside this week. Sustained trading below 1.3378 will bring deeper fall to 1.3091 support next. For now, risk will stay on the downside

Inflation data from the US supported investor expectations of looming rate cuts. Powell said that the rate hike cycle was likely at an end. Economists do not foresee any changes at the upcoming BOJ meeting. In the USD/JPY weekly forecast, the winds of change are steering towards a bearish outlook. This trend comes as the