FX Market Daily Overview & Research

Euro to retest recent lows The Euro has managed to stage somewhat of a rally against the US dollar over the last 5 trading sessions against the US dollar, once again trying to break above parity but that may be a tall order this time around, and analysts from one of Britain’s biggest investment bank...

Euro continues post Fed rally The Euro has managed to claw out some hard fought gains against the US dollar over the last few days but enters the new week on a firmer footing and may continue to climb in the weeks ahead if the single currency navigates successfully through a wave of U.S. economic da...

Euro supported by strong inflation figures The Euro is finding some strong support in today’s trading session after another round of strong CPI figures all but assured that the European Central bank will move ahead with rate hikes as the year progresses. Headline inflation figures in the Eurozone hi...

Euro tumbles on recession fears The Euro took a major hit in yesterday’s trading session against the US dollar as ECB President Christine Lagarde spoke with Fed Chair Jerome Powell and the Bank of England’s Andrew Bailey at the ECB’s Central Banking Forum. Mr Powell reaffirmed the Fed’s commitment t...

Euro outlook is bleak The Euro is under further pressure against the US dollar- in today’s trading session and even a strong round of data was not enough to boost the European currency and according to some analysts, there may be worse still to come. Retail sales figures from the Eurozone hit the ma...

Euro steady after strong data The Euro received some support against the US dollar in yesterday’s trading session after a solid round of data from the Eurozone gave a temporary relief from the current political tensions and added to the case for a rate hike from the European Central Bank in the not ...

Euro steady awaiting US inflation numbers The Euro has now found itself in a new trading range for the past 5 days against the US dollar but that will probably change today with the release of key data from the US which may dictate the speed of interest rate hikes from the US Federal Reserve. The U....

US dollar a winner moving forward. The main driver of the forex market at the moment, seems to be the US Federal Reserve and what moves they will perform moving forward with regards to interest rates and their economy saving bond buying program. As we recall, the US Central Bank has slashed interest...

What's wrong with the labor market Market Watch review. 19/05/2021 In today's release, we’ll cover the following topics: Unemployment in the UK. US labor shortage. US Federal Reserve interest rate rise. On Tuesday, the UK published a report on the change in the number of applications for unemploymen...

Forecast of EUR/USD, GBP/USD, USD/JPY and USDX currency pairs USDX Interest in risk continues to increase, as we still do not hear from the Fed representatives about the real risk of raising rates and reviewing the scope of the quantitative easing program. As a result, the US stock indices resumed ...

Interesting news to consider before you trade Market participants mostly ignored the weak Friday data; the conclusion can be made based on the continued growth of currencies at the beginning of this week. The muted reaction to Friday's releases points to investor optimism about the economy and tradi...

Forecast of EUR/USD, GBP/USD, USD/JPY and USDX currency pairs USDX   The quotes of the US dollar index returned to the technical support level of 90.50, however, the activity of sellers remains very weak. The bearish scenario, which takes into account the decline to 90.00 and further to 89.60, rema...

Forecast of EUR/USD, GBP/USD, USD/JPY and USDX currency pairs USDX   The number of initial and repeated applications for unemployment benefits in the United States continues to decline, thereby indicating a recovery in the labor market. But the US dollar index reacted cautiously to this release, as...

Inflation in the USA Market Watch review. 17/05/2021 In today's release, we’ll cover the following topics: US inflation returns above 4%. US Federal Reserve key interest rate. Weakening of commodity currencies. The Canadian dollar has updated its highs since 2015. Oil market prospects. Since Februa...

Forecast of EUR/USD, GBP/USD, USD/JPY and USDX currency pairs USDX   There are more and more claims that aggressive stimulus of the US economy may end up overheating, thereby increasing the likelihood of a Fed rate hike. Let me remind you of 2008-2009, when the stock market reached its peak and the...

Forecast of EUR/USD, GBP/USD, USD/JPY and USDX currency pairs USDX   On the intraday time interval H1, we observe the formation of a reversal model of the graphical analysis of the double bottom at the psychological and at the same time technical support level of 90.00. Therefore, there is a risk o...

Commodity boom Market Watch review. 12/05/2021 In today's release, we’ll cover the following topics: Growth of industrial metals. Rising gold prices. Oil market ignores gasoline supply disruption. The recovery of the global economy, as well as the active phase of the transition to the so-called "gr...

Interesting news to consider before you trade Markets are in good spirits. Not the best data on the US labor market hinted to us that in the near future, the Fed will obviously not make changes to the policy of quantitative easing (QE). The markets were encouraged, and on Friday we saw a good jump i...

Forecast of EUR/USD, GBP/USD, USD/JPY and USDX currency pairs USDX   The target at 90.00 has already been reached. I draw your attention to the fact that the noted psychological level of support is a strong technical level, which has repeatedly kept sellers from developing a more powerful wave of d...

Forecast of EUR/USD, GBP/USD, USD/JPY and USDX currency pairs USDX   On Thursday the data on the change in GDP growth rate for the first quarter as well as the change in the number of initial and repeated applications for unemployment benefits in the USA were published. The actual data was better t...

Fed Chairman puts pressure on USD Market Watch review. 30.04.2021 In today's release, we’ll cover the following topics: US Federal Reserve decision on the main interest rate. Rising oil prices. Collapse of the USD/CAD currency pair. One of the key events of the current week could be the decision of...

Forecast of EUR/USD, GBP/USD, USD/JPY and USDX currency pairs USDX The US Federal Reserve left the key interest rate unchanged, as well as the volume of bond purchases at the same level. Let me remind that the consensus forecast of specialized experts pointed to extremely low probability of change ...

Forecast of EUR/USD, GBP/USD, USD/JPY and USDX currency pairs USDX USDX trading activity remains weak, which may be due to the expectation of the results of the vote on the main interest rate of the US Federal Reserve, as well as the following press conference. Let me remind you that the probabilit...

Optimism in the financial markets Market Watch review. 28.04.2021 In today's release, we’ll cover the following topics: Growth of US stock indices. Weakening of the US dollar. US Federal Reserve rate decision. Rising oil prices. The US stock market continues to attract the attention of investors fr...

Forecast of EUR/USD, GBP/USD, USD/JPY and USDX currency pairs USDX   The economic calendar does not contain important macroeconomic releases, so we should not expect a significant increase in trading yet. Of course, attention should be paid to the forthcoming release of consumer confidence indicato...

Interesting news to consider before you trade The dollar has been weakening throughout April, and last week was no exception. Despite progress in the economic recovery, the Fed intends to stick to its stimulative monetary policy. The euro strengthened on Friday amid the publication of strong busines...

Forecast of EUR/USD, GBP/USD, USD/JPY and USDX currency pairs USDX The US dollar index is stuck in the accumulation zone 91.00–91.30. Pay attention to the attempts of the index quotes to go beyond the marked price range, but there are no fixations outside of it. All of this indicates market uncerta...

Forecast of EUR/USD, GBP/USD, USD/JPY and USDX currency pairs USDX The US dollar index is stuck in the accumulation zone of 91.00–91.30. Pay attention to the attempts of the index quotes to go beyond the marked price range, but there are no fixes outside it. All this indicates the uncertainty of th...

Sales in the oil market Market Watch review. 23.04.2021 In today's release, we’ll cover the following topics: Three reasons for panic in the oil market. Weakening of the US dollar. ECB interest rates. Gold at $1800 per ounce. If the previous two releases we started out optimistic, today will not...

Forecast of EUR/USD, GBP/USD, USD/JPY and USDX currency pairs USDX Given the inability of buyers to fix above the technically strong resistance level of 91.30, the risk of development of a more powerful downward wave remains elevated. At the time of writing this review, the USDX quotes were holding...