The EUR/USD chart shows the euro rising above its previous February peak of 1.05155, set on the 14th. On one hand, the euro’s strength is driven by Germany’s national elections over the weekend, where the opposition conservatives, led by Friedrich Merz, secured victory as expected. Investors are now focused on how quickly Merz’s party can

By Friday’s close, gold had risen for an eight consecutive week. And that marks its best run since the 2020 top, which chalked up an impressive nine consecutive weeks of gains. It could suggest that gold’s rally is getting stale, but it is so close to the $3,000 milestone that it is hard to imagine

Created on February 23, 2025 Classical speculative trading conditions were seen in WTI Crude Oil last week. Last Monday started with some slight selling in which the 70.100 realm was challenged, followed by incremental buying, and leading to the week’s apex near the 73.090 ratio late on Thursday. And then like healthy commodity markets often

Created on February 23, 2025 The euro has fallen a bit during the trading week, as the 1.05 level has offered a bit of a ceiling. However, we have been all over the place, so it shows that we have a lot of volatility in general. When you look at the chart, the area above

M&A activity continued this week in the Retail FX and CFDs sector. After recently seeing the acquisitions of OANDA and Saxo Australia, now popular charting and trading tools provider Autochartist has been sold. There were also a number of brokers expanding in new geos including Singapore/China based broker Doo Group opening a new Cyprus office,

I wrote on 16th February that the best trade opportunities for the week were likely to be: Long of the NASDAQ 100 Index. This fell by 2.48% over the week. Long of the S&P 500 Index following a daily close above 6118.71. This fell by 1.77% over the week. Long of Gold in USD terms

Created on February 23, 2025 Bullish speculators of the GBP/USD may be in a relatively good mood after the past week and half of trading in the currency pair. The ability of the GBP/USD to hold ground above the 1.26000 level is likely seen as a positive result. The currency pair touched a high of

The USD/CAD weekly forecast shows a slight rebound in the dollar. Trump is ready to implement more tariffs, including on automobiles. Canadian data revealed solid underlying inflation and upbeat sales. The USD/CAD weekly forecast indicates a modest rebound of the dollar following Trump’s proposal for automobile tariffs. Ups and downs of USD/CAD The USD/CAD pair

The AUD/USD weekly forecast shows continued strength in Australia’s labor market. The Reserve Bank of Australia implemented its first rate cut this week. Data revealed a sharp decline in business activity in the US service sector. This AUD/USD weekly forecast highlights the significant impact of Australia’s strong labor market on the appreciation of the Australian

Markets remain mostly sideways, but next week’s price action could finally bring a few solid setups. Watch today’s video to see how I’m trading the DXY, EURUSD, GBPUSD, NZDUSD, and SPX next week. US Dollar Index (DXY) Forecast The DXY broke down earlier this month from a trend line I discussed in last weekend’s forecast.

EUR/GBP’s decline from 0.8472 resumed by breaking through 0.8290 support last week. Initial bias stays on the downside this week despite weak momentum. Further fall should be seen to retest 0.8221 low. Nevertheless, firm break of 0.8308 minor resistance will turn bias back to the upside for stronger rebound to 0.8376 resistance instead. In the

Range trading continued in EUR/USD last week and outlook is unchanged. Initial bias remains neutral this week first. Price actions from 1.0176 are seen as a corrective pattern only. IN case of further rise, upside should be limited by 38.2% retracement of 1.1213 to 1.0176 at 1.0572. On the downside, break of 1.0400 support will

Copenhagen, London and Dubai based digital assets prime brokerage GCEX Group has announced the launch of XplorAllocate – a multi-asset tool designed to help fund managers and professional traders allocate trades more efficiently, accurately, and transparently across crypto spot, crypto derivatives, forex CFDs, and traditional financial products. The company describes XplorAllocate as a smarter way for

Key Events: FOMC minutes confirm rate hold expectations and ongoing inflation concerns USDJPY drops to December 2024 lows as Japanese 10Y government bond yields surge to 16-year highs EURUSD holds above 1.04 ahead of key economic data Upcoming Events: Flash PMI indicators for Japan, the Eurozone, the UK, and the US USDJPY Drops to December

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The GBP/USD price analysis indicates a recovery in UK consumer spending. UK retail sales jumped by 1.7% in January. The greenback fell on Friday after reports that Trump will soon host China’s president. The GBP/USD price analysis indicates a recovery in the UK economy after a better-than-expected retail sales report. The upbeat report has lowered

The Canadian dollar is showing small losses on Friday. USD/CAD is trading at 1.4196 in the European session, up 0.14%. On Thursday, the Canadian dollar took advantage of broad US dollar weakness and gained 0.45%. Canada’s retail sales expected to jump Will the week end on a high note? Canada releases retail sales for December

Created on February 21, 2025 The British pound has broken significantly below the 190 yen level and then broke significantly lower than that. That being said, the market has turned around to show signs of somewhat resilient behavior. If we can turn around and break above the 190 yen level, I think that could be