USD/CHF extended the pullback from 0.8041 short term top, but failed to sustain below 0.7877 cluster support (38.2% retracement of 0.7603 to 0.8041 at 0.7874). With 4H MACD crossed above signal line, initial bias is turned neutral first. On the downside, sustained trading below 0.7874/7 will argue that the rise from 0.7603 has completed, and

EUR/USD’s extended rebound last week suggests that correction from 1.2081 has already completed at 1.1408. Initial bias stays on the upside this week for 61.8% retracement of 1.2081 to 1.1408 at 1.1824. Decisive break there will pave the way to retest 1.2081 high. On the downside, below 1.1642 minor support will turn intraday bias neutral

AUD/USD’s strong rebound last week suggests that pullback from 0.7187 has completed at 0.6832 already. Initial bias stays mildly on upside this week for retesting 0.7187. Strong resistance could be seen there to bring another fall to extend the near term corrective pattern. On the downside, below 0.7021 minor support will turn intraday bias neutral

Today, we will take a look at Forex Trading on NZDCAD, the NASDAQ, the DAX40, WTI and Brent Crude Oil, Silver XAGUSD, and Gold XAUUSD. The Iran War ceasefire caused a big jump in the price of precious metals. We saw a pullback, but price action is still moving higher. The most obvious reason is

It’s a relatively quiet week for Canadian data releases with attention focused on February’s manufacturing and wholesale trade reports on Wednesday. Advance estimates from Statistics Canada pointed to rebounds in both wholesale sales (excluding petroleum and agricultural products) up 2.3%, while manufacturing sales jumped 3.8% in February, supported by higher sales in the transportation subsector

In today’s Market Outlook, let’s take a look at Forex Trading on NZDUSD, GBPUSD, Gold, XAUUSD, Silver, XAGUSD, Brent Crude Oil, WTI, the Nikkei225, the FTSE100, the DAX40, the NASDAQ, and the S&P500. From a technical point of view, we see all the US indices with inverted hammer and bullish engulfing candles, and we had

US inflation surged in March, with CPI rising 0.9% mom and lifting the annual rate from 2.4% yoy to 3.3% yoy. While the jump was significant, both figures came in slightly below expectations of 1.0% mom and 3.4% yoy respectively, suggesting the energy-driven spike was largely anticipated. The surge was overwhelmingly driven by energy costs.

Canada’s employment rose by 14.1k in March, slightly above expectations of 12.6k, offering a modest rebound after a cumulative decline of -109k over the first two months of the year. Despite the headline gain, both full-time and part-time employment showed little variation, suggesting underlying momentum remains limited. Labor market conditions were broadly stable. The unemployment

Gold has maintained a nice uptrend since the 23 March crash. However, the price spends a lot of time near the lower boundary of the channel and quickly rebounds from its upper boundary. The price is currently near the lower boundary at around $4,750, whilst the upper boundary stands at $5,000, a level we were

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Subscribe To Notifications Scan QR code to install app Important DisclaimersFXEmpire is owned and operated by Empire Media Network LTD., Company Registration Number 514641786, registered at 7 Jabotinsky Road, Ramat Gan 5252007, Israel. The content provided on this website includes general news and publications, our personal analysis and opinions, and materials provided by third parties.

The Euro slowed on Friday, signaling that strong rally of past four days might be showing initial signs of fatigue on approach to next very significant barrier at 1.1722 (base of falling and thickening daily Ichimoku cloud). Bulls managed to crack strong resistance zone at 1.1667/97, consisting of Fibo 38.2% of 1.2082/1.1410 descend and converged

USD/JPY traded at 159.16 on Friday. The yen is retreating slightly but appears less weak than previously, amid a two-week truce between the US and Iran. The decline in oil prices following the announcement of the truce has partially reduced stagflationary risks and provided some support to the Japanese currency. Investor focus is on the

Got story updates? Submit your updates here. › In a forex market lacking clear directional trends, traders must navigate tight price ranges and rely on technical levels to capture small gains.Indianapolis Today The US Dollar opened the North American session in a mixed state, showing weakness against the Japanese Yen but holding ground versus the

The US Dollar Index (DXY) is at a critical technical crossroads as CPI spike looms Markets are bracing for a massive 1.0% surge in March Headline CPI While the Headline CPI is forecasted to hit a two-year high of 3.4%, Core CPI is expected to remain stable at 0.2%, though the closure of the Strait

New Zealand’s BusinessNZ Performance of Manufacturing Index eased from 54.8 to 53.2 in March, signaling that manufacturing activity remains in expansion but at a slower pace. The details showed some loss of momentum, with production falling from 56.3 to 53.8 and new orders easing from 57.2 to 55.8, while deliveries slipped to the neutral 50.0

Key Highlights USD/JPY started a decent upward wave above 158.50. It faces key hurdles near 159.20 and 159.50 on the 4-hour chart. EUR/USD could extend gains if it settles above the 1.1720 resistance. Gold could aim for a fresh increase above $4,850. USD/JPY Technical Analysis The US Dollar found support at 157.85 and started a

Subscribe To Notifications Scan QR code to install app Important DisclaimersFXEmpire is owned and operated by Empire Media Network LTD., Company Registration Number 514641786, registered at 7 Jabotinsky Road, Ramat Gan 5252007, Israel. The content provided on this website includes general news and publications, our personal analysis and opinions, and materials provided by third parties.

Newly public Retail FX and CFDs broker iFOREX (LON:IFRX) has announced that the company has hired Michael Hewson as Senior Financial Strategist, with immediate effect. Michael Hewson brings more than 30 years experience across global financial markets, with deep expertise in technical and fundamental analysis. He has held senior analytical roles across leading institutions, including

Subscribe To Notifications Scan QR code to install app Important DisclaimersFXEmpire is owned and operated by Empire Media Network LTD., Company Registration Number 514641786, registered at 7 Jabotinsky Road, Ramat Gan 5252007, Israel. The content provided on this website includes general news and publications, our personal analysis and opinions, and materials provided by third parties.