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31 Oct, 17:01


๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡จ๐Ÿ‡ฆ USD/CAD

Canadian Dollar continues struggling after GDP data

๐Ÿ“ USD/CAD pairgained traction on Thursday, rising by 0.15% to 1.3920 . This uptick came as markets digest the United States Personal Consumption Expenditures (PCE) Price Index from September and weekly US Jobless Claims unexpectedly fell . The Canadian Dollar (CAD) remains under pressure following the Bank of Canada's (BoC) decision to aggressively cut interest rates .

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31 Oct, 17:01


๐Ÿฅ‡๐Ÿ‡บ๐Ÿ‡ธ XAU/USD

Gold Price Forecast: XAU/USD retreated sharply, trades around $2,740

๐Ÿ“ XAU/USD retreated sharply, trades around $2,740.45 . Risk-averse mood took over financial markets on Wednesday . US data showed resilient economic growth and healthy labour market . BoJ decided to keep interest rate target unchanged at 0.25% on Thursday .

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31 Oct, 12:17


๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡จ๐Ÿ‡ญ USD/CHF

USD/CHF slides to test 0.8645 support with US inflation data on tap

๐Ÿ“ USD/CHF is testing the support area at 0.8645 after being rejected at the 0.8700 area . The US PCE Prices Index is expected to show that inflationary pressures kept cooling at a gradual pace in October .

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31 Oct, 12:14


๐Ÿฅˆ๐Ÿ‡บ๐Ÿ‡ธ XAG/USD

Silver Price Forecast: XAG/USD retreats towards the support area right above $33.00

๐Ÿ“ SilverPrices (XAG/USD) are trading lower for the second consecutive day on Thursday, with price action approaching a key support area at $33.10 . The lower high posted on Wednesday and price action breaking below the 4 H 50 SMA suggest the pair might have reached the end of its bullish cycle and is ready for a corrective reversal .

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31 Oct, 10:51


๐Ÿ‡ฆ๐Ÿ‡บ๐Ÿ‡บ๐Ÿ‡ธ AUD/USD

AUD/USD consolidates around 0.6550 as focus shifts to US NFP

๐Ÿ“ The AUD/USD pair trades sideways above more than 11-week low of 0.6540 in Thursdayโ€™s European session . The Aussie asset consolidates as investors await United States (US) Nonfarm Payrolls (NFP) data for October . The USNFPreport is expected to show that the economy added 115K jobs lower than 254K in September .

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31 Oct, 06:18


๐Ÿ”” Major Data Releases Today:


๐Ÿ•’ 12:00 | Gross Domestic Product (QoQ) (EUR) ๐Ÿ‡ช๐Ÿ‡บ

๐Ÿ•’ 14:25 | Unemployment Change (EUR) ๐Ÿ‡ช๐Ÿ‡บ

๐Ÿ•’ 15:30 | Consumer Price Index (YoY) (EUR) ๐Ÿ‡ช๐Ÿ‡บ

๐Ÿ•’ 18:00 | Gross Domestic Product (MoM) (CAD) ๐Ÿ‡จ๐Ÿ‡ฆ

๐Ÿ•’ 18:00 | Core Personal Consumption Expenditures - Price Index (MoM) (USD) ๐Ÿ‡บ๐Ÿ‡ธ

๐Ÿ•’ 18:00 | Initial Jobless Claims (USD) ๐Ÿ‡บ๐Ÿ‡ธ

๐Ÿ•’ 18:00 | Personal Consumption Expenditures - Price Index (YoY) (USD) ๐Ÿ‡บ๐Ÿ‡ธ

๐Ÿ•’ 18:00 | Personal Income (MoM) (USD) ๐Ÿ‡บ๐Ÿ‡ธ

๐Ÿ•’ 18:00 | Personal Spending (USD) ๐Ÿ‡บ๐Ÿ‡ธ

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31 Oct, 02:34


๐Ÿ‡ณ๐Ÿ‡ฟ๐Ÿ‡บ๐Ÿ‡ธ NZD/USD

NZD/USD gathers strength above 0.5950, US PCE data looms

๐Ÿ“ The NZD/USDpair recovers some lost ground to near 0.5980 on Thursday during the Asian trading hours . New Zealand business confidence jumped further in October, rising to 65.7 from 60.9 in September . Despite the improvement in confidence, the markets expect the Reserve Bank of New Zealand to cut its Official Cash Rate (OCR) at a policy meeting next month .

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30 Oct, 17:45


๐Ÿฅ‡๐Ÿ‡บ๐Ÿ‡ธ XAU/USD

Gold Price Forecast: XAU/USD slowly but steadily approaching $2,800

๐Ÿ“ Gold traded as high as $2,789.72 a troy ounce on Wednesday, a fresh record high . XAU/USD retreated after Wall Streetโ€™s opening but met buyers at around $2.770 . US economy grew at an annualized pace of 2.8% according to preliminary estimates .

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30 Oct, 17:45


โ‚ฟ BITCOIN

Bitcoin resumes its bullish trend

๐Ÿ“ Bitcoin resumes its bullish trend with space up to 100k area that can be achieved by a new lower degree five-wave bullish cycle . Bitcoin can be trading in wave 3 of V, so more upside is expected . Subwave 4 pullback before a continuation higher for wave 5 of V .

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30 Oct, 15:08


๐Ÿ‡ฌ๐Ÿ‡ง๐Ÿ‡บ๐Ÿ‡ธ GBP/USD

GBP/USD Price Forecast: Rises above 1.3000 after UKโ€™s budget release

๐Ÿ“ The PoundSterling erased some of its earlier losses, climbing above its opening price against theUS Dollar . The GBP/USD bounced at the bottom of an ascending channel trendline, extending its gains after Chancellor Reeves, ended her speech . The pair cleared 1.2970, and pushed higher, clearing the 1.3000 figure hitting a high of 1.3039 .

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30 Oct, 11:08


๐Ÿฅ‡๐Ÿ‡บ๐Ÿ‡ธ XAU/USD

Gold price hits fresh record high on US election uncertainty, geopolitical risks

๐Ÿ“ Gold price (XAU/USD) climbs to a fresh all-time high, beyond the $2,785 level in the last hour . Momentum seems unaffected by the prevalent risk-on environment and firming expectations for a less aggressive policy easing by the Fed, which tends to undermine demand for the Gold price .

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30 Oct, 11:06


๐Ÿ‡ณ๐Ÿ‡ฟ๐Ÿ‡บ๐Ÿ‡ธ NZD/USD

NZD/USD: Risk of sustained break below 0.5950 is not high โ€“ UOB Group

๐Ÿ“ NZD is expected to trade in a sideways range of 0.5955/0.5995 near term . UOB Groupโ€™s FX analysts Quek Ser Leang and Lee Sue Ann note . NZD dropped to a fresh 3-month low yesterday, but there is still no clear increase in downward momentum .

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30 Oct, 06:07


๐Ÿ”” Major Data Releases Today:

๐Ÿ•’ 12:30 | Gross Domestic Product (YoY) (EUR) ๐Ÿ‡ช๐Ÿ‡บ

๐Ÿ•’ 14:30 | ZEW Survey โ€“ Expectations (CHF) ๐Ÿ‡จ๐Ÿ‡ญ

๐Ÿ•’ 14:30 | Gross Domestic Product s.a. (YoY) (EUR) ๐Ÿ‡ช๐Ÿ‡บ

๐Ÿ•’ 15:30 | Consumer Confidence (EUR) ๐Ÿ‡ช๐Ÿ‡บ

๐Ÿ•’ 17:30 | Consumer Price Index (YoY) (EUR) ๐Ÿ‡ช๐Ÿ‡บ

๐Ÿ•’ 18:00 | Core Personal Consumption Expenditures (QoQ) (USD) ๐Ÿ‡บ๐Ÿ‡ธ

๐Ÿ•’ 18:00 | Gross Domestic Product Annualized (USD) ๐Ÿ‡บ๐Ÿ‡ธ

Learn Forex

30 Oct, 02:53


๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡จ๐Ÿ‡ฆ USD/CAD

Canadian Dollar declines after September US JOLTS

๐Ÿ“ USD/CAD pair continues to gain traction on Tuesday with the quote rising by 0.23% to 1.3910 at the time of writing . The pair is trading near its three-month high of 1.3808 recorded on Monday . US JOLTs data from September came in mixed but somewhat below consensus .

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29 Oct, 15:28


๐Ÿ›ข๏ธ๐Ÿ‡บ๐Ÿ‡ธ OIL

Oil: Set-up for a tactical rebound is strengthening โ€“ TDS

๐Ÿ“ Energy supply risk premia continues to melt out of crude oil prices, but the set-up for a tactical rebound is strengthening, TDSโ€™ Senior Commodity Strategist Daniel Ghali notes . Trend following algos are now 'max short', continued evidence of reflationary tailwinds in demand may ultimately provide a cross-current to continued headwinds from supply risk .

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29 Oct, 13:16


๐Ÿ‡ฌ๐Ÿ‡ง๐Ÿ‡บ๐Ÿ‡ธ GBP/USD

GBP/USD: Little changed ahead of budget Wednesday โ€“ Scotiabank

๐Ÿ“ The Pound Sterling (GBP) is little changed while Gilts are a little softer in line with the broader tone in fixed income . Scotiabankโ€™s Chief FX Strategist Shaun Osborne notes the UK markets are brace for the budget announcement tomorrow . More spending (investment in health services, for example) and more debt issuance is expected .

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29 Oct, 11:02


๐Ÿฅˆ๐Ÿ‡บ๐Ÿ‡ธ XAG/USD

XAG/USD appreciates above $34.00 on US political uncertainty and geopolitical fears

๐Ÿ“ SilverPricesโ€™ (XAG/USD) resumed their upside trend on Tuesday, with precious metals heading north favoured by political uncertainty asUS electionsapproach and growing geopolitical tensions . The outcome of the US election remains uncertain, with the candidates tied in only days away from the voting .

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29 Oct, 10:20


๐Ÿ‡ณ๐Ÿ‡ฟ๐Ÿ‡บ๐Ÿ‡ธ NZD/USD

NZD/USD: To trade sideways between 0.5965 and 0.6005 โ€“ UOB Group

๐Ÿ“ The next level to watch is 0.5950, UOB Groupโ€™s FX analysts Quek Ser Leang and Lee Sue Ann note . Instead of continuing to decline, NZD is more likely to trade sideways between 0.6065 and 0.6005 .

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29 Oct, 09:58


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28 Oct, 17:30


๐Ÿฅ‡๐Ÿ‡บ๐Ÿ‡ธ XAU/USD

Gold Price Forecast: XAU/USD retains its bullish bias around $2,740

๐Ÿ“ Gold is comfortable trading in the $2,740 price zone, marginally higher for the day . Focus during Asian trading hours was on Japan after snap election that resulted in the worst result in fifteen years for the Liberal Democratic Party (LDP) The Japanese Yen (JPY) edged sharply lower, supporting the USD .

Learn Forex

28 Oct, 16:02


๐Ÿ›ข๏ธ๐Ÿ‡บ๐Ÿ‡ธ OIL

Oil nears to September lows, May crash to $30

๐Ÿ“ Price of crudeoilfell by 6% on Monday to $67 a barrel forWTI and $71 for Brent . Return to the lows of the last two months is due to Israel's attack on Iran's oil capacity .

Learn Forex

28 Oct, 12:52


๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡จ๐Ÿ‡ฆ USD/CAD

USD/CAD: Little changed on the day โ€“ Scotiabank

๐Ÿ“ USD/CAD holds range despite slump in crude oil prices, says Scotiabankโ€™s Chief FX Strategist Shaun Osborne . Spot edged to a minor new high for this move up in overnight trade but gains stalled and some modest slippage in the USD may solidify the top on the USD in the short run .

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28 Oct, 12:04


๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡ฏ๐Ÿ‡ต USD/JPY

USD/JPY gives away post-election gains and returns to 152.50

๐Ÿ“ The US Dollar has retraced most of the ground taken following the release of the Japanese election results, retreating from three-month highs at 153.75 to 152.50 . The Bank of Japan will keep interest rates on hold at its Thursdayโ€™s meeting . The US dollar has opened the week on a somewhat softer tone .

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28 Oct, 10:25


๐Ÿ‡ฆ๐Ÿ‡บ๐Ÿ‡บ๐Ÿ‡ธ AUD/USD

AUD/USD picks up on a softer US Dollar with 0.6580 support still in play

๐Ÿ“ Australian Dollar is going through a mild recovery on Mondayโ€™s early European session, favoured by a somewhat softerUS Dollar . Data released on Friday support the idea that further Fed easing will be gradual . In Australia, the impact of the hawkish rhetoric from theRBA is offset by ongoing concerns about China .

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28 Oct, 10:16


๐Ÿ›ข๐Ÿ‡บ๐Ÿ‡ธ WTI

WTI nose dives more than 5% as Israel spares Iran Oil facilities from assault

๐Ÿ“ Oil price weakens significantly as Israel did not attack Iran's Oil and energy facilities in its retaliation move . Israel launched a few airstrikes on Iranโ€™s defense-producing facilities over the weekend in an attempt to weaken its capacity for retaliation . The Oil price has been under pressure by its vulnerable demand outlook amid growing global economic risks .

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28 Oct, 09:55


๐Ÿ‡ฌ๐Ÿ‡ง๐Ÿ‡บ๐Ÿ‡ธ GBP/USD

GBP/USD: Set to break above 1.3000 โ€“ UOB Group

๐Ÿ“ PoundSterling (GBP) is expected to trade sideways between 1.2930-1.2990, UOB Groupโ€™s FX analysts Quek Ser Leang and Lee Sue Ann note . Should GBP break above 1.3000, it would indicate that GBP is not declining further, they say .

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28 Oct, 09:05


๐Ÿฅˆ๐Ÿ‡บ๐Ÿ‡ธ XAG/USD

Silver Price Forecast: XAG/USD falls to near $33.50 amid improved market sentiment

๐Ÿ“ Silver price hovers around $33.50 per troy ounce during Mondayโ€™s European trading hours . Dollar-denominated Silver faces challenges due to solid US Dollar (USD) amid higher Treasury yields . The safe-haven appeal of Silver may be limited by easing geopolitical tensions .

Learn Forex

28 Oct, 08:27


๐Ÿ”” Major Data Releases Today:

๐Ÿ•’ 19:30 | Pending Home Sales (MoM) (USD) ๐Ÿ‡บ๐Ÿ‡ธ

Learn Forex

28 Oct, 08:27


๐Ÿ‡ณ๐Ÿ‡ฟ๐Ÿ‡บ๐Ÿ‡ธ NZD/USD

NZD/USD depreciates to three-month lows near 0.5950 due to caution ahead of US election

๐Ÿ“ NZD/USDtrims its daily losses, trading around 0.5970 during the European hours on Monday . The US Dollar (USD) receives support due to market caution ahead of the upcoming US presidential election in November . The New Zealand Dollar (NZD) faces pressure as the Reserve Bank of New Zealand (RBNZ) is anticipated to implement another 50-basis-point rate cut .

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28 Oct, 07:38


๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡จ๐Ÿ‡ฆ USD/CAD

USD/CAD holds below 1.3900 despite lower Oil prices

๐Ÿ“ The USD/CAD pair trades with mild losses around 1.3885 on Monday during the early European trading hours . The downside seems limited as the fall in crudeoilprices could weigh on the commodity-linked Canadian Dollar . Traders will focus on Bank of Canada (BoC) Governor Macklem's speech on Monday for fresh impetus .

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28 Oct, 05:25


๐Ÿ‡ฌ๐Ÿ‡ง๐Ÿ‡บ๐Ÿ‡ธ GBP/USD

GBP/USD Price Forecast: The bearish outlook remains in play below 1.2950

๐Ÿ“ GBP/USD pair extends the decline to around 1.2945 during the early European session on Monday . A bullish US Dollar (USD) on the back of bets for a less aggressive easing by the Federal Reserve (Fed) drags the pair lower . A decisive break below this level could see a drop to 1.2763, the low of August 13 . The lower limit of the Bollinger Band at 1.2870 acts as an initial support level .

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28 Oct, 04:50


๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡จ๐Ÿ‡ญ USD/CHF

USD/CHF reaches two-month highs near 0.8700 as traders expect nominal rate cuts by the Fed

๐Ÿ“ USD/CHF pair reaches two-month highs around 0.8700 during the Asian hours on Monday . US Michigan Consumer Sentiment Index increased to 70.5 in October, surpassing the expected forecast of 69.0 . Durable Goods Orders fell by 0.8% month-over-month in September .

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28 Oct, 04:00


๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡จ๐Ÿ‡ฆ USD/CAD

USD/CAD extends gains to near 1.3900 due to lower Oil prices

๐Ÿ“ USD/CAD pair continues its winning streak, rising for the fourth consecutive day and trading around 1.3900 during the Asian session on Monday . The Canadian Dollar (CAD) is facing pressure from declining Oil prices, as Canada is the largest crude Oil exporter to the United States (US) West Texas Intermediate (WTI) crudeOilprice has dropped over 4%, currently trading around $68.40 .

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28 Oct, 03:42


๐Ÿ›ข๏ธ๐Ÿ‡บ๐Ÿ‡ธ WTI

WTI trades around $68.50 after dropping more than 4% amid easing geopolitical tensions

๐Ÿ“ West Texas Intermediate (WTI) oil prices fell by more than 4%, trading around $68.40 during the Asian session on Monday . This decline can be linked to easing geopolitical tensions following Israel's targeted airstrikes on Iran early Saturday . The oil market appears to interpret the Israeli strike and Iran's response as a sign of de-escalation from the previously heightened tensions .

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28 Oct, 02:44


๐Ÿ‡ช๐Ÿ‡บ๐Ÿ‡บ๐Ÿ‡ธ EUR/USD

EUR/USD remains below 1.0800 amid rising odds of a less dovish approach from the Fed

๐Ÿ“ The EUR/USD pairholds steady around 1.0790 during Monday's Asian trading hours, following losses in the previous session . The pair may encounter headwinds from a strongerUS Dollar(USD), as recent upbeateconomic data has strengthened expectations for a less dovish approach from the Federal Reserve(Fed) in November .

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28 Oct, 00:55


๐Ÿ‡ฆ๐Ÿ‡บ๐Ÿ‡บ๐Ÿ‡ธ AUD/USD

AUD/USD remains weak near 0.6600 amid firmer US Dollar

๐Ÿ“ The AUD/USD pair remains on the defensive near 0.6605 during the early Asian session on Monday . The downtick of the pair is pressured by the firmerUS Dollar(USD) amid the less dovish stance of the Federal Reserve (Fed) and strong University of Michigan (UoM) sentiment data . On the other hand, the hawkish remarks from the Reserve Bank of Australia (RBA) could cap the downside .

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25 Oct, 12:41


๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡จ๐Ÿ‡ฆ USD/CAD

USD/CAD: Underlying drivers improve modestly โ€“ Scotiabank

๐Ÿ“ The Canadian Dollar (CAD) is little changed on the session. CAD remains soft against the USD but it has held up a little better than most of G10 peers on the week despite the Bank of Canadaโ€™s aggressive rate cut Wednesday .

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25 Oct, 10:24


โ‚ฟ BITCOIN

Bitcoin Weekly Forecast: New all-time high at $78,900 looks feasible

๐Ÿ“ Bitcoin (BTC) trades slightly down at around $67,500 on Friday after finding support around the $66,000 level on Wednesday . Prices are down around 2% this week until Friday, but technical outlook suggests a bullish bias for BTC, projecting a new all-time high of $78,900 in the short term .

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25 Oct, 10:23


๐Ÿฅ‡๐Ÿ‡บ๐Ÿ‡ธ XAU/USD

Gold trades sideways, underpinned by continued safe-haven flows

๐Ÿ“ Gold is likely to continue to find support from safe-haven flows as the war in the Middle East intensifies . US Secretary of State Anthony Blinken is meeting with representatives from Israel and Qatar to try to negotiate an end to the conflict .