Forex Today: No changes anticipated at the BoJ meeting
US Dollar Strengthens Amid Economic Data The US dollar (USD) reached a new multi-week high during the press conference, buoyed by robust US economic indicators and positive remarks following the Federal Reserve’s decision to maintain interest rates. What to Expect on Thursday, July 31st The US Dollar Index (DXY) continued its ascent, nearing the 100.00 […]
Today’s Forex: Major economies’ GDP data and rate decisions from the BoC and Fed expected to increase volatility
Key Updates for July 30th As we head into Wednesday, financial markets are expected to be generally subdued as investors gear up for significant upcoming events. The European session will pay close attention to the preliminary second quarter GDP data from the eurozone. In the US, important economic indicators will include changes in ADP employment […]
AUD/USD Forex Signal for Today 29/07: Complete Selloff (Chart)
On July 17, 2023, previous signals for AUD/USD were not activated. Today’s AUD/USD Signal Risk is set at 0.50% Trades should be executed before 5 PM on Wednesdays. Short Trade Ideas Consider a short entry after a brief price reversal at the next touch of $0.6541, $0.6554, or $0.6569. Set a stop loss at one […]
Forex Today: US Dollar gains slow down as attention turns to US data and trade discussions
Here’s what you should know for Tuesday, July 29th: US Dollar (USD) is holding steady against other currencies after a strong performance on Monday. The July Consumer Trust Report is on the agenda in the US Economic Calendar, along with Joltz’s job openings and June’s product trade balancing data. Moreover, market watchers are likely to […]
Forex Update: US data and trade news take the spotlight
The US Dollar (USD) has been showing a strong rebound at the start of the week as investors analyze recent trade discussions involving the US, Japan, and the European Union. Attention is also shifting towards the upcoming FOMC meetings and the release of non-farm payroll data. Here’s what to expect on Tuesday, July 29th: The […]
Today’s Forex Overview: Market driven by risk factors before important events
Here’s a brief overview for Monday, July 28th: The market is shifting into a riskier phase as we dive into a new week, with investors reacting positively to news about trade agreements between the U.S. and the European Union. Even though the economic calendar appears quiet today, the latter part of the week will bring […]
Forex Today: US Dollar resists negative pressure before upcoming data
Here’s what you should know for Friday, July 25th: US Dollar (USD) The Index gained over 0.3% on Thursday, breaking a four-day gain streak. This Friday, market activity is likely to pause as investors await the next driving factor. On the US economic calendar, durable goods orders for June will be released later. This week’s […]
Forex Today: ECB policy decisions and PMI figures to increase market volatility
Market Update for July 24th Here’s a quick look at today’s developments in the financial markets. On Thursday, July 24th, the focus has shifted from trade headlines to the European Central Bank’s upcoming monetary policy announcement. The Economic Calendar will also reveal July’s manufacturing and service purchasing manager index (PMI) data from Germany, the Eurozone, […]
AUD/USD Forex Signal 22/07: Upward Trend Remains Strong (Chart)
Optimistic Outlook Buy the AUD/USD pair and aim for a target at 0.6600. Set a stop loss at 0.6450. Duration: 1-2 days. Pessimistic Outlook Sell the AUD/USD pair and target a price of 0.6450. Implement a stop loss at 0.6600. The AUD/USD currency pair stayed within an upward trend shortly after announcements from the Reserve […]
Forex Today: US Dollar faces challenges in regaining strength as Trump and Powell’s disagreements intensify
Key Updates for Tuesday, July 22nd The US Dollar (USD) started the week facing challenges, showing significant losses against major currencies on Monday. Although it maintained some stability early Tuesday, investors seemed hesitant to jump back into the market. Much of the focus remains on the ongoing conflict between US President Donald Trump and Federal […]