Forex News

0:30
August 13, 2020
AUD/JPY Price Analysis: Bears looking for monthly weekly and daily bearish confluence
AUD/JPY is an attractive short below the daily structure. Currently, the stars do not quite align across all time frames from a top-down market structure analysis.  The Monthly is bearish and is looking as though it wants to form a head and shoulders. The weekly is proving that there is resistance that first needs to…
0:30
August 13, 2020
EUR/USD Price Analysis: Falling wedge breakout suggests bull revival
EUR/USD is looking to establish a foothold above 1.18 in Asia.  The 4-hour chart shows the pullback from recent highs above 1.19 has ended. EUR/USD is currently chipping away at the psychological hurdle of 1.18, having put in a low of 1.1711 on Wednesday.  The 4-hour chart shows a falling wedge breakout. The pattern comprises…
0:00
August 13, 2020
When is the Australia unemployment rate and how could it affect AUD/USD?
July month employment statistics from the Australian Bureau of Statistics, up for publishing at 01:30 GMT on Thursday, will be the immediate catalyst for the AUD/USD pair traders. The figures become all the more important as traders will be keen to observe job recovery after the economic halt and amid the coronavirus (COVID-19) resurgence. Market…
0:00
August 13, 2020
AUD/NZD biased upward on central bank divergence
The drift higher has started due to the contrasting central bank themes. At the time fo writing, AUD/NZD is trading at 1.0892 within a 1.0877 and 1.0895 range.  Following the Reserve Bank of Australia's relaxed approach, in contrast, the Reserve Bank of New Zealand was very clear that it wanted a lower currency.  The RBNZ kept…
23:46
August 12, 2020
USD/CAD Price Analysis: Depressed around 1.3250 inside five-week-old falling channel
USD/CAD remains on the back foot while extending the latest pullback from 1.3347. RSI conditions offer intermediate bounce inside bearish chart pattern. 200-bar SMA adds to the upside barriers, February low offer nearby support. USD/CAD stays pressured near 1.3245 amid the initial Asian session trading on Thursday. The loonie pair dropped to the fresh low…
23:30
August 12, 2020
NZD/USD: Bears looking to retake control below 0.6600
NZD/USD stays in a choppy range below 0.6580 following its pullback from 0.6601. New Zealand Food Price Index grew past-0.5% to 1.2% in July. Market sentiment struggles to keep the previous day’s upside momentum amid mixed catalysts. Aussie employment data, updates concerning US stimulus, coronavirus and trade wars will be the key. NZD/USD attacks the…
23:00
August 12, 2020
WTI Price Analysis: Bulls attack $43.00 inside short-term rising channel
WTI defies the previous day’s pullback from $43.12 with a bounce off $42.76. Bullish MACD joins the price-positive chart pattern and suggests further upside. Sellers will look for entries below 200-HMA, monthly top lures the buyers. WTI picks up bids near $42.86, up 0.16% on a day, during the pre-Tokyo Asian session on Thursday. The…