The past month has seen an abrupt turn in sentiment towards the US economy and the US dollar. Whereas a month ago, the market seemed convinced the US dollar would move higher from its already historically-elevated level of 108 on a DXY basis. Now debate surrounds whether the US dollar can even hold onto its

Key Highlights EUR/USD started a fresh increase above the 1.0800 resistance. It traded below a short-term bullish trend line with support at 1.0880 on the 4-hour chart. GBP/USD is consolidating gains above the 1.2800 resistance zone. Gold surged to a record high and tested the $3,000 zone. EUR/USD Technical Analysis The Euro remained strong above

The fact that Africa does business with its foreign partners using foreign currencies typically generates losses for the continent. For decades, African states have traded both within the continent and with international partners with foreign currencies, namely the US dollar, the euro, and, to a lesser extent, the British pound and Chinese yuan. This reliance

The IMM CFTC positioning data, released weekly by the Commodity Futures Trading Commission (CFTC), provides insights into how speculative traders, such as hedge funds and large investors, are positioned in major currency futures markets. This data is based on Commitments of Traders (COT) reports, which track the net long and short positions of non-commercial traders—those

Mergers and acquisitions were top-of-mind in the FX and CFDs arena this past week. One of the leading and oldest brokers out there – Saxo Bank – was acquired by a surprise buyer from outside “the industry”, and broker technology provider Panda is facing a court-ordered forced sale of the company to a third party.

Created on March 16, 2025 The EUR/USD had a solid week taking into consideration its ability to go into this weekend around the 1.08750 ratio, this after going into the previous weekend around the 1.08550 vicinity. The EUR/USD did touch highs near the 1.09460 mark early, though it did give back value after this apex.

I wrote on 9th March that the best trades for the week would be: Long of Natural Gas futures, which fell by 8.13%. Short of the EUR/JPY and EUR/NZD currency crosses. The former rose by 0.82% while the latter fell by 0.26%. The overall result was a loss of 8.69%, which is 2.90% per asset.

Created on March 16, 2025 Bitcoin plunged during the week, but it looks as if it is trying to find support near the 50 Week EMA, and it’s probably worth noting that the area just below there is the $75,000 level, an area that a lot of people would be paying close attention to. The

Sideway trading continued in GBP/JPY above 187.04 last week. Initial bias remains neutral this week first. On the upside, firm break of 193.09 will resume the rebound from 187.04 to 194.73 resistance, and then 198.94. On the downside, firm break of 187.04 will extend the fall from 199.79 towards 180.00 support. Overall, corrective pattern from

AUD/USD stayed in range trading below 0.6407 last week. Initial bias stays neutral this week first. On the downside, break of 0.6186 will target 0.6087 support first. Firm break there will resume whole decline from 0.6941. On the upside, sustained break of 0.6407 will resume the rebound from 0.6087 to 100% projection of 0.6087 to

GBP/USD edged higher last week but lost momentum as seen in 4H MACD. But there is no clear sign of topping yet. Further rise will remain in favor this week as long as 1.2860 support holds. Sustained trading above 61.8% retracement of 1.3433 to 1.2099 at 1.2923 will pave the way back to 1.3433 high.

USD/JPY edged lower to 146.52 last week but recovered since then. Initial bias remains neutral this week for more consolidations. Upside of recovery should be limited by 150.92 support turned resistance. On the downside, sustained trading below 61.8% retracement of 139.57 to 158.86 at 146.32 will pave the way to 139.57 support. In the bigger

Will the US dollar extend its downtrend next week, or are late shorts about to get squeezed? Find out in today’s forex forecast video, where I break down my trades on DXY, EURUSD, GBPUSD, EURNZD, and XAUUSD. US Dollar Index (DXY) Forecast The DXY has started March on a bearish note, breaking below key levels

The past week in the currency markets was marked more by consolidation than decisive moves, even as risk aversion deepened in US stock markets. Dollar’s selloff slowed and turned into a modest recovery, but there was no clear momentum for bullish trend reversal. Sentiment remained fragile, weighed down by constantly escalating trade tensions and the

Devexa, the AI-powered trading assistant and trader engagement bot from global software developers for the capital markets, Devexperts, has launched a new community feature, enabling brokers to host a secure environment in which traders can engage with each other, all within the broker’s own ecosystem. The new feature will allow traders to exchange ideas on

Asia wrap US and European equity futures extended their slide, mirroring a rough session in Asia as two weeks of tariff-induced chaos continued to rattle risk sentiment. With market whiplash in full force, the best trade now seems to be sitting flat or positioning selectively and defensively. Meanwhile, the softer-than-expected US inflation print was largely dismissed,

The USD/JPY weekly forecast indicates rising economic uncertainty in Japan. Trump imposed a tariff on steel and aluminum imports. Tariff fears overshadowed a downbeat US inflation report. The USD/JPY weekly forecast turns positive as fears of the impact of Trump’s tariffs on Japan’s economy rise. Ups and downs of USD/JPY The USD/JPY price had a

Key Highlights USD/JPY extended losses and tested the 146.60 zone. A major bearish trend line is forming with resistance at 148.80 on the 4-hour chart. EUR/USD is consolidating gains above the 1.0800 resistance zone. Bitcoin is facing many hurdles near the $85,000 resistance zone. USD/JPY Technical Analysis The US Dollar remained in a bearish zone

Daily Pivots: (S1) 1.4384; (P) 1.4418; (R1) 1.4477; More… Intraday bias in USD/CAD stays neutral as sideway trading continues. Price actions from 1.4791 high are seen as a corrective pattern, with rebound from 1.4150 as the second leg. On the upside, break of 1.4541 will target 100% projection of 1.4150 to 1.4541 from 1.4238 at

Yesterday brought yet another escalation in the trade war. This time, Trump was reportedly totally annoyed that the Europeans responded to his 25% steel and aluminium tariffs rather than backing down and slapped 200% tariffs on champagne, wine, and other alcoholic beverages from France and the EU. LVMH, the owner of Moet & Chandon and