Midweek Forex Forecast for DXY, EURUSD, GBPUSD, and XAUUSD
The market is still moving sideways, but the overall situation isn’t looking very enticing anymore. Today would be a good time to check out the Forex market, specifically how you’re trading DXY, EURUSD, GBPUSD, and XAUUSD. US Dollar Index (DXY) Outlook DXY seems to be at a crucial point. It recently rebounded from the 97.70 […]
Forex Today: Pound Sterling gains support from rising inflation, focused on FOMC Minutes
Here’s what’s happening on Wednesday, August 20th: The pound is maintaining its ground after a couple of days of decline, as market participants examine the UK’s inflation figures from July. Later in the US trading session, the Federal Reserve is set to release the minutes from its meetings on July 29th to 30th. Additionally, several […]
DXY: US Dollar Looks for Guidance Around 98.00 as Forex Traders Prepare for Important Fed Week
Key Points: The US dollar experiences fluctuations in Forex trading. Minutes from a recent meeting will be released on Wednesday. Fed Chair Powell is set to speak on Friday. The US Central Bank will release minutes on Wednesday, and Powell is expected to make significant statements on Friday that could influence billions of dollars indirectly. […]
Forex Today: Focus on US housing statistics and Canada’s inflation report
Market Overview for August 19th Here’s what you need to know for Tuesday, August 19th: In the financial markets, trading activity remained subdued early on Tuesday, following a quiet start to the week. Later, attention will shift to home building permits data from July, a significant item on the US economic calendar. Investors are also […]
Forex Today: Key currency pairs steady at the start of the week
Market Overview for August 18th Here’s the latest for Monday, August 18th: Major currency pairs are showing some fluctuations, staying close to where they ended last week. Traders are, perhaps understandably, waiting for Ukrainian President Voldy Mie Zelensky to meet with U.S. officials, including President Donald Trump. The economic calendar looks pretty quiet today, with […]
Forex Today: US Dollar faces challenges in continuing its recovery before important US data
Key Updates for Friday, August 15th The US Dollar (USD) is facing challenges in maintaining its strength after experiencing gains against its main competitors on Thursday. Today’s economic calendar for the US includes reports on retail sales and industrial production data for July. Additionally, later in the session, the University of Michigan is set to […]
Today in Forex: US Retail Sales and sentiment indicators are in focus
Market Update: US Dollar and Commodity Movements The US Dollar (USD) showed some interesting movement on Thursday, influenced by a stronger-than-anticipated report related to producer prices and labor markets. Although trade tensions may have lessened somewhat, investors are still watching closely for the upcoming meeting between Trump and Putin on Friday. Key Insights for Friday, […]
GBP/USD Forex Signal for 14/08: Additional Gains for the Pound (Chart)
Created on August 14th, 2025 Optimistic Outlook Buy the GBP/USD pair with a target at 1.3675. Set a stop loss at 1.3425. Expected timeframe: 1-2 days. Pessimistic Outlook Sell GBP/USD pairs targeting 1.3425. Place a stop loss at 1.3675. The GBP/USD pair gained momentum as investors focused on earlier highs, thanks in part to a […]
EUR/USD Forex Signal for Today 11/08: Short-term Dip (Chart)
Created on August 11, 2025 Bearish Perspective Consider selling EUR/USD pairs and aim for a take profit at 1.1550. Set a stop loss at 1.1750. Expected timeline: 1-2 days. Strong Positive Outlook Buy the EUR/USD pair with a take profit set at 1.1750. Place a stop loss at 1.1550. The EUR/USD pair is hovering as […]
Weekly Forex Outlook – August 10th – August 15th (Charts)
Created on August 10th, 2025 The gold market showed positive movement this week, breaking past the $3,500 threshold. This level has acted like a ceiling for some time, so crossing it is bound to attract attention. Still, it’s worth mentioning that Friday’s trading action seems to be somewhat of a retracement, which makes me wonder […]