News
Important Only
USD/JPY Price Forecast: Tumbles below 156.00 as US economy slows down
USD/JPY makes a U-turn and tumbles over 0.54% on Tuesday as investors grew confident that the Federal Reserve will cut rates at the December meeting, following a soft US inflation report, along with weaker than expected Retail Sales.
Fxstreet
Tue, Nov 25
EUR/USD: Likely to consolidate between 1.1495 and 1.1545 – UOB Group
Euro (EUR) is likely to consolidate between 1.1495 and 1.1545. In the longer run, the likelihood of EUR breaking below 1.1470 has increased; EUR must close below 1.1470 before further declines are likely, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, Nov 25
Bitcoin Weekly Forecast: BTC drops to seven-month lows as selling pressure intensifies
Bitcoin (BTC) price continues its downward slide, trading near $82,000 at the time of writing on Friday and plunging to seven-month lows as bearish sentiment tightens its grip on the crypto market.Fxstreet
Fri, Nov 21
EUR/USD: Appears to be trading in a consolidation range 1.1505/1.1550 – UOB Group
Euro (EUR) appears to have entered a consolidation phase between 1.1505 and 1.1550. In the longer run, the bias for EUR has shifted to the downside; it is too early to tell if it can reach 1.1470, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Fri, Nov 21
GBP/JPY Price Forecast: Holds near 206.00 after refreshing yearly high
The GBP/JPY extended its rally for the fourth straight day, yet it trades below the 206.00 figure after refreshing yearly highs at 206.86 on Thursday. At the time of writing, the cross-pair trades at 205.85 up 0.49%.
Fxstreet
Thu, Nov 20
EUR/USD: Major support at 1.1470 is unlikely to come under threat – UOB Group
Euro (EUR) could test 1.1500 before rebounding; the major support at 1.1470 is unlikely to come under threat. In the longer run, the bias for EUR has shifted to the downside; it is too early to tell if it can reach 1.1470, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, Nov 20
FX Today: Focus shifts to the US labour market; the PBoC should stay on hold
The US Dollar (USD) added to the ongoing recovery, hitting new multi-day highs and surpassing its critical 200-day SMA despite declining US Treasury yields and amid rising caution prior to the release of Thursday’s Nonfarm Payrolls (NFP).Fxstreet
Wed, Nov 19
EUR/USD: Chance for Euro to test 1.1560 – UOB Group
There is a chance for Euro (EUR) to test 1.1560; the major support at 1.1540 is unlikely to come into view. EUR is expected to trade in a range between 1.1540 and 1.1640, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Wed, Nov 19
FX Today: The FOMC Minutes and UK inflation data gather all the attention
The US Dollar (USD) traded in a slightly constructive tone, extending its recent advance on Tuesday, all against the backdrop of a persistent risk-off sentiment and steady caution ahead of key data releases on the US docket.
Fxstreet
Tue, Nov 18
EUR/USD: Any decline is likely limited to a test of 1.1570 – UOB Group
The slight increase in downward momentum suggests Euro (EUR) could edge lower; any decline is likely limited to a test of 1.1570. In the longer run, EUR is expected to trade in a range between 1.1540 and 1.1640, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, Nov 18
FX Today: Focus should be on RBA Minutes, ADP Weekly and Fedspeak
The US Dollar (USD) managed to regain fresh upside impulse on Monday, rebounding from recent multi-day lows as market participants continued to gauge upcoming US data releases and the likelihood of further rate cuts by the Federal Reserve.Fxstreet
Mon, Nov 17
