We expect the Bank of England (BoE) to keep the Bank Rate unchanged at 4.50% on Thursday 20 March in line with consensus and market pricing. Data has been mixed and amid elevated uncertainty, this warrants a continued signalling of only a gradual approach to monetary policy easing. We expect the reaction in EUR/GBP to

Following our recent reports that Cyprus based FX and CFDs broker TopFX was making some major changes following a changeover in management, TopFX has announced that it has launched a brand-new website and refreshed its identity, marking a major milestone in the company’s evolution. A Smarter, Faster, More Powerful Trading Experience The company said that its

Created on March 17, 2025 During trading on Friday, we have seen the euro rise a bit against the US dollar to challenge the 1.09 level. The 1.09 level is an area that’s been important multiple times in the past, especially over the last couple of days. We have not been able to break above

Created on March 17, 2025 During the trading session on Friday, we saw the gold market reach the crucial $3000 level, which is a large, round, psychologically important figure that will continue to attract a lot of attention. We have also seen a pushback in this area, as you would anticipate, due to profit-taking and

The rupee appreciated 24 paise to close at 86.81(provisional) against the US dollar on positive domestic equities and weakness of the American currency in the overseas market. | Photo Credit: Reuters The rupee appreciated 24 paise to close at 86.81(provisional) against the US dollar on Monday (March 17, 2025) on positive domestic equities and weakness

The USD/CAD outlook shows renewed strength in the Canadian dollar. Former central banker Mark Carney took office as Canada’s new prime minister. Data on Friday revealed a sharp decline in US consumer confidence.  The USD/CAD outlook shows strength in the loonie after a former Bank of Canada policymaker took office as Canada’s new prime minister.

A set of Chinese data released earlier today looked better-than-expected; the fixed asset investment unexpectedly accelerated in February, growth in industrial production slowed less than expected – a slowdown due to the Chinese new year break, while growth in retail sales accelerated to 4%, more than expected. The unemployment rate rose, however, and the worries

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

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