Forex News

Gold lost 0.3% on Tuesday and seems to have gone into a consolidation phase during the first half of the day on Wednesday. XAU/USD was last seen risin

The krone has started the year on the front-foot. Prospects of Norges Bank tightening should drift the EUR/NOK pair lower towards the 9.80 zone, accor

EUR/JPY has bounced back into the middle of its long-term 128-134 range. Economists at ING expect the pair to turn back higher by year-nd and reach th

Finally, some respite for the single currency now motivates EUR/USD to leave behind the area of recent lows and retake the 1.1350 region on Wednesday.

The Swiss franc remains super-strong and the Swiss National Bank (SNB) does not seem to mind too much at all. Economists at ING think the EUR/CHF pair

EUR/RON continues to struggle to surpass the 4.95 mark. Economists at ING believe that the pair will be able to reach the 5.00 level in the last quart

GBP/USD is bouncing back above 1.3600, snapping a four-day winning streak after bulls faced rejection at the 200-Daily Moving Average (DMA), now at 1.

The People’s Bank of China (PBoC) wanted to slow down yuan appreciation, and it has had some success at this. USD/CNY has now stabilised at 6.37. In t

GBP/USD has struggled to gather recovery momentum after UK inflation data. As FXStreet’s Eren Sengezer notes, the next bearish target aligns at 1.3530

The British pound has failed to capitalize on the hot UK inflation data on Wednesday and GBP/USD consolidates Tuesday's losses near 1.3600. The unabat

AUD/USD is moving back and forth in a familiar range just below 0.7200, lacking a clear directional bias, as investors remain divided amid a retreat i

USD/JPY stands on slippery grounds. However, economists at OCBC Bank believe that the pair’s picture has brightened and spots a tough resistance at th

AUD/USD has lost its support level at 0.7200. Economists at OCBC believe that this move opens the door to see more downside towards 0.7100. Upside mom

EUR/USD fell sharply on Tuesday and lost more than 0.70%. Economists at OCBC expect the world’s most popular currency pair to test the 1.1280/70 suppo

The Australian dollar failed to cash in on USD weakness and commodity currency momentum at the start of the year. Economists at ING expect the AUD/USD

Economists at Credit Suisse preview this week’s Norges Bank rate decision. They retain a 9.90 EUR/NOK target. Inflationary risks remain the main drive

Economists at Credit Suisse preview next week’s Bank of Canada (BoC) rate decision, where risks of a hike have increased. However, they still stick to

Economists at ING believe that economic data from New Zealand is not going to help the kiwi to recover. Subsequently, they expect the NZD/USD pair to

EUR/USD is slowly moving towards the resistance at 1.1350.

AUD/USD fell below 0.7200 and seems to be having a tough time staging a convincing rebound. In the opinion of economists at Westpac, the pair is at ri

EUR/USD has staged a modest recovery early Wednesday following Tuesday's sharp decline but the pair could find it difficult to continue to edge higher

In the final two months of last year, the USD was the best performing G10 currency, with the NZD trailing towards the bottom of the pack on this horiz

EUR/USD has staged a modest recovery early Wednesday following Tuesday's sharp decline but the pair could find it difficult to continue to edge higher

Inflation figures from the UK seem to be helping the British pound stay resilient against its rivals. Economists at ING expect the EUR/GBP pair to con

USD/JPY has been trading up to 116.00. Economists at ING believe that the pair could surge as high as 120.00. BoJ will be the last to embrace a strong

Gold price is attempting a tepid bounce so far this Wednesday. But the rebound in the yellow metal appears shallow. FXStreet’s Dhwani Mehta notes that

UK CPI rises by 5.4% YoY in December vs. +5.2% expected. more to come ....

GBP/USD received support near the 20 EMA at 1.3575 and moved back above 1.3600.

USD/CAD dribbles around 1.2500, down 0.12% intraday heading into Wednesday’s European session. The loonie pair dropped to the weekly bottom surroundin

The price action around gold remains driven by the US Treasury yields and the dollar, as the narrative of aggressive Fed’s tightening of its monetary

One-month risk reversal (RR) of AUD/USD drops the most since November 26 on weekly basis, per data source Reuters. That said, the spread between call

India’s retail inflation rate is likely to stay elevated between 5% and 7% through the next six months, Pronab Sen, Chairman of India’s Economic Stati

Indonesian Finance Minister Sri Mulyani Indrawati said on Wednesday, “the risks to the economy in 2022 and 2023 include tapering in us and EU, China e