FX.co ★ Daily Forex Analytics. Forecast of the currency exchange rate for today

As expected, the EUR/USD currency pair traded calmly on Tuesday, remaining within the same sideways channel in which it has spent the past several weeks. This channel is clearly visible...

A considerable number of macroeconomic releases are scheduled for Wednesday. The European Union will publish its October Consumer Price Index (CPI) today, and inflation is expected to accelerate further...

Tuesday's Trade Analysis: 1H chart of GBP/USD. The GBP/USD pair also showed no significant price movements on Tuesday, and volatility remained minimal. However, the U.S. dollar began to decline across...

Tuesday's Trade Analysis: 1H chart of EUR/USD. The EUR/USD currency pair traded exclusively sideways throughout Tuesday, while the only relatively important U.S. JOLTS report failed to trigger any market reaction...

The Elliott wave count on the 4-hour chart for EUR/USD has become more complex. On the higher timeframe (bottom chart), the downward trend segment has taken the form...

EUR/USD made another reversal in favor of the euro toward the end of last week after liquidity was swept below the latest swing low. This created technical grounds...

GBP/USD has made significant progress toward establishing a new bullish impulse within its annual range. Liquidity was swept below the June 24 low, allowing the bulls to launch their first...

Brent crude rose by 1.7% to $106.53/bbl, recovering part of an earlier 8% rout from the start of the week. The commodity market remains on edge and sensitive...

Yesterday offered many market participants a ray of hope. Both Donald Trump and senior U.S. officials—and even senior figures in Tehran—said they were prepared to resume diplomacy to avert...

While the euro remains in a narrow channel, news has emerged that eurozone governments must nominate candidates to replace Christine Lagarde as ECB president by Friday, November 6. Eurogroup chair...