Forex

  • Newest
  • Popular
Finger pointing on market chart data

AUD/USD, US dollar, Swiss franc analysis: COT report – Feb 26, 2024

Traders remained net-long US dollar index futures last week, although asset managers have the more convincing bullish view for the dollar.

aus_04

AUD/USD outlook: RBNZ, US and AU CPI to drive the Australian dollar

It could be an interesting week for the Australian dollar if caught between the crossfire of the RBNZ meeting, Fed talk and US inflation data. We also have an Australian inflation report to throw into the mix for good measure.

Currency prices

USD/JPY analysis: Forex Friday – February 23, 2024

The US dollar remains fundamentally supported, especially against lower-yielding JPY, although it has not been doing so great lately against other major currencies thanks to the positive risk appetite, with US equity markets surging to record highs. The week ahead features the RBNZ rate decision, as well as US GDP and Core PCE among other highlights.

default avatar
February 23, 2024 07:30 AM

Why trade with FOREX.com?


Tight spreads on 80+ FX pairs

5,500 markets including Stock CFDs, Indices & Commodities

Award-winning platforms with fast & reliable execution

Course thumbnail of FOREX.com course:  What are commodities by FOREX.com
Multiple Euro bank notes in 20€, 50€ and 100€

EUR/USD analysis: Dollar weakness could be temporary

Eurozone PMIs mixed as focus turns to US data. The dollar weakness is not fundamentally justified, though, which means the EUR/USD may weaken again. EUR/USD technical analysis: 1.0890-1.0900 is key resistance

default avatar
February 22, 2024 05:45 AM
Research

AUD/JPY nears 17-month high, ASX 200 looks set to bounce: Asian Open

AUD/JPY has fast approached a pivotal level to hint that an eventual breakout could be on the cards, even if not immediately. The ASX 200 looks sets to bounce after positive earning from Nvidia lifted Wall Street futures after market hours.

default avatar
February 21, 2024 05:21 PM
Japanese Flag

Japanese Yen Intervention Watch: USD/JPY, EUR/JPY, GBP/JPY Technical Analysis

USD/JPY is consolidating while EUR/JPY and GBP/JPY remain in healthy uptrends.

china_05

If USD/CNH is the canary in the coalmine, USD/JPY might be in trouble

A bearish reversal pattern has formed on USD/CNH which implies a move down to 7.10. And if the yuan continues to strengthen, it could see the yen follow and scupper USD/JPY attempt at breaking 152.

default avatar
February 21, 2024 01:12 AM
channel_03

USD forecast: Positioning hints at headwinds for USD, 2-year yield

Short bets against the US 2-year yield continue to diminish yet remain at a sentiment extreme. And as the yield flatlined above 5% in 2023 despite aggressive short positioning, it suggests its yield may struggle to retake 5% this time around. And that could prove to be a headwind for the USD.

default avatar
February 19, 2024 09:49 PM
Currency exchange rate board of multiple currencies

USD/CAD analysis: Currency Pair of the Week – February 19, 2024

The USD/CAD will be among the busier of major currency pairs in what will likely be relatively quieter week, at least in so far as macro data is concerned. Given the closure of US markets for Presidents' Day and the majority of major data releases already published in preceding weeks, the week ahead will present few noteworthy macroeconomic highlights, aside from a select few.

Forex trading

JPY futures near sentiment extreme, USD set to retrace? COT report

With the USD showing signs of a potential pullbacks and JPY futures nearing a potential sentiment extreme, USD/JPY may well struggle to break and hold above 152. EUR/USD also looks set to bounce despite lower net-long exposure, and gold future may struggle to hold above $2000 given the rise in short and trimming of long bets.

Bank notes of different currencies

EUR/USD Forecast: Can PMIs Break the Bearish Trend?

For this week, Eurozone PMIs and central bank speakers will be the big focus - see the key levels to watch on EUR/USD!

Research

US Dollar analysis: More inflation data looming - Forex Friday

Dollar Index was testing a key support level as focus turns to PPI inflation after a hot CPI earlier this week. US dollar was hurt by weak retail sales on Thursday, but rising import costs is inflationary. The week ahead features global PMIs among a handful of other macro data releases.

Research

USD/JPY analysis: US dollar rally not over yet

Rising US import costs is inflationary, which is bad news for lower yielding currencies like JPY, even if the dollar has reacted negatively to news of retail sales missing the mark. The dollar bulls will not be too concerned yet.

default avatar
February 15, 2024 10:00 AM
Forex trading

EUR/USD analysis: Hawkish Lagarde underpins euro ahead of key US data

Christine Lagarde emphasises increasing significance of wages in driving inflation, with US dollar weakening as risk appetite improves ahead of US data dump and following its sharp CPI-related gains on Tuesday.

default avatar
February 15, 2024 05:55 AM

GBP/USD Forecast: Cable at Key 1.2525 Support after Cool UK CPI

GBP/USD is the weakest US dollar cross after this morning’s cooler-than-expected UK CPI report - see what it means (and doesn't mean) for the BOE!

default avatar
February 14, 2024 11:03 AM
Research

GBP/USD outlook boosted by UK wages data as focus turns to inflation

GBP supported as UK wages print 5.8% vs. 5.6% expected, but the GBP/USD outlook will now be influenced by upcoming inflation reports from both US, later today, and UK on Wednesday. US CPI is expected to print 2.9% vs. 3.4% previously.

default avatar
February 13, 2024 05:00 AM
inflation_03

US CPI Preview: USD/JPY Tests 2024 Highs, Tame Inflation Expected

US CPI may be quiet this month, but the recent surge in the “Prices” component of the ISM PMI surveys hints that inflation could reaccelerate this Spring.

Open an account in minutes

Experience award-winning platforms with fast and secure execution, and enjoy tight spreads and thousands of markets.
Trading view chart close-up
Finger pointing on market chart data

GBP/USD analysis: Currency pair of the week – February 12, 2024

For FX traders, this week's US CPI and retail sales are among the key data highlights. Pound traders also face busy week with several market moving data to come from the UK. GBP/USD technical analysis points modestly lower.

EUR/USD, US dollar, Dow Jones, crude oil analysis: COT report

Traders increased their bearish exposure to EUR/USD futures at their fastest pace in 20 months last week, and large speculators increased their net-long exposure to US dollar index futures despite being on the cusp of flipping to net-short exposure the week prior.

aus_04

AUD/USD weekly outlook: US inflation, AU jobs figures to drive AUD

AUD/USD traders will keep a close eye on US inflation data to decipher Fed policy, Australia's employment report to see if another month of strong job losses ensues.

Currency exchange rate board of multiple currencies

EUR/USD outlook: Forex Friday – February 9, 2024

Welcome to another edition of Forex Friday. In this week’s report, we will discuss the US dollar, upcoming data releases from the US next week, and why we think the EUR/USD is heading lower. In short, a sluggish Eurozone economy is holding back the euro, while hawkish Fed keeps US dollar underpinned ahead of CPI and retail sales and other data highlights next week.

default avatar
February 9, 2024 05:50 AM
An office of traders with multiple trading screens

Can US inflation data make or break the US dollar? The Week Ahead

Whist the daily charts still appear favourable for another leg higher on the US dollar, the weekly charts and market positioning suggest some dark clouds may lurking above. And incoming CPI or inflation expectations data could make or break the dollar, if they lean enough in either direction.

default avatar
February 8, 2024 11:26 PM
Federal reserve building close-up

EUR/USD, GBP/USD, USD/JPY: What 40+ Years of Fed Rate Cuts Tell Us About Trading Forex

Perhaps contrary to popular opinion, the start of a new Fed rate cut cycle has NOT been a consistent bearish catalyst for the US dollar. Read on to for more!

default avatar
February 8, 2024 01:25 PM