News | Forex Information

Japanese Yen Gains on Intervention Warning as US Dollar Steadies May 31, 2023
The Japanese Yen held its ground today after the US Dollar reasserted itself with expectations for the debt ceiling to be approved today. Where to for USD/JPY?
Daniel McCarthy
Crude Oil Dips as US Dollar Steadies with a Pending Debt Deal Vote. Where to for WTI? May 30, 2023
The crude oil price gave up yesterday’s gain today while the US Dollar regained the ascendency in some pockets of the currency market as the debt deal faces an imminent vote.
Daniel McCarthy
US Dollar Poised After Debt Deal Break Through. Will the DXY Index Retreat? May 29, 2023
The US Dollar ascendency could face some scrutiny this week after the US debt ceiling issues appear set to be resolved in the coming days. Will USD slide on a resolution?
Daniel McCarthy
Markets Week Ahead: Nasdaq 100, Dow Jones, US Dollar, Gold, Debt Ceiling, NFPs, AI Frenzy May 28, 2023
An AI-fueled frenzy drove the Nasdaq Composite higher as the Dow Jones sank. In the background, solid economic data is feeling Fed rate hikes again, sinking gold and boosting the US Dollar. What is in store for markets ahead?
Daniel Dubrovsky
Euro Weekly Forecast: EUR/USD Recovery Hinges on Debt Ceiling Deal May 27, 2023
A big week ahead in terms of event risk as Euro eyes a recovery. Euro Area inflation likely to be overshadowed by a potential deal on the debt ceiling. Time for a EUR/USD retracement?
Zain Vawda

US Dollar Weekly Outlook: Will US Debt Ceiling Deal and Jobs Report Boost DXY Further? May 28, 2023
The US Dollar climbed 3 percent over the past 3 weeks, sustained by economic data that has been pouring cold water on Fed rate cut bets. Ahead, eyes turn to US non-farm payrolls.
Daniel Dubrovsky
Gold Prices at Risk of Deeper Correction on Surging Real Yields, USD Strength May 28, 2023
Gold prices could continue to slide in the near term if real yields and the U.S. dollar extend their rebound on the back of a hawkish repricing of the Fed’s policy outlook.
Diego Colman
S&P 500, Nasdaq Week Ahead: Momentum Surges on Debt Deal Optimism May 27, 2023
US equity indices look set to extend gains in the coming week on rising hopes of a deal to raise the US debt ceiling. What are the key levels to watch in the S&P 500 and the Nasdaq 100 index?
Manish Jaradi
Australian Dollar Outlook: US Dollar Dominates Proceedings May 27, 2023
The Australian Dollar collapsed last week with the US Dollar regaining broad-based ascendency as Treasury yields moved north on a tilt in the Fed rate path.
Daniel McCarthy
US Dollar Weekly Forecast: DXY Breaks Higher Ahead of the Fed’s Key Inflation Gauge May 21, 2023
The US Dollar extended its winning streak alongside Treasury yields as markets priced out Fed rate cuts. Ahead, will the Federal Reserve’s preferred inflation gauge support DXY’s key breakout?
Daniel Dubrovsky

EUR/USD in Downward Spiral after Support Break. What Do Technicals Say? May 31, 2023
EUR/USD plunges and reaches its lowest level since March 17 on Wednesday, with the sell-off gathering pace following the invalidation of a medium-term rising trendline late last week.
Diego Colman
Gold Prices Recover After Support Rejection ahead of US Jobs Data. What Now? May 31, 2023
Gold prices advanced on Wednesday, but gains were limited, with traders reluctant to take large directional positions ahead of the May U.S jobs report
Diego Colman
Bitcoin (BTC/USD) Limps as Ripple (XRP/USD) Eyes Further Gains May 31, 2023
Bitcoin struggles as a lackluster month for crypto markets comes to a close, Ripple has been a standout of late, on course for a monthly gain of 8%. Where to for Ripple and Bitcoin as June begins?
Zain Vawda
Euro (EUR) Update – German Inflation Turns Lower, EUR/USD Back Below 1.0700 May 31, 2023
German inflation falls by more than expected, a bonus for the doves in the ECB. The single currency moved lower on the release as rate-hike expectations slipped lower.
Nick Cawley
GBP Price Action Setups: GBP/USD, GBP/AUD, EUR/GBP May 31, 2023
GBP loses ground against the Greenback but remains firm against the Euro and Aussie Dollar. Where to next for GBP pairs?
Zain Vawda

EUR/USD in Downward Spiral after Support Break. What Do Technicals Say? May 31, 2023
EUR/USD plunges and reaches its lowest level since March 17 on Wednesday, with the sell-off gathering pace following the invalidation of a medium-term rising trendline late last week.
Diego Colman
Gold Prices Recover After Support Rejection ahead of US Jobs Data. What Now? May 31, 2023
Gold prices advanced on Wednesday, but gains were limited, with traders reluctant to take large directional positions ahead of the May U.S jobs report
Diego Colman
Bitcoin (BTC/USD) Limps as Ripple (XRP/USD) Eyes Further Gains May 31, 2023
Bitcoin struggles as a lackluster month for crypto markets comes to a close, Ripple has been a standout of late, on course for a monthly gain of 8%. Where to for Ripple and Bitcoin as June begins?
Zain Vawda
Euro (EUR) Update – German Inflation Turns Lower, EUR/USD Back Below 1.0700 May 31, 2023
German inflation falls by more than expected, a bonus for the doves in the ECB. The single currency moved lower on the release as rate-hike expectations slipped lower.
Nick Cawley
GBP Price Action Setups: GBP/USD, GBP/AUD, EUR/GBP May 31, 2023
GBP loses ground against the Greenback but remains firm against the Euro and Aussie Dollar. Where to next for GBP pairs?
Zain Vawda