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

The GBP/USD pair traded lower on Tuesday, again without a single compelling fundamental reason. We do not bother traders with every secondary release trying to explain every move. Note only...

The EUR/USD pair traded lower again on Tuesday and by midday hovered near the previous local low — also the lowest level in roughly 18 months. Ask why the euro...

Very few macroeconomic releases are scheduled for Wednesday, and none of them are material. We see no reason to draw traders' attention to clearly secondary reports unlikely to move...

The GBP/USD pair traded lower throughout Tuesday. Unlike the euro, sterling showed a reasonably strong correction earlier, but it still leaves hope for a proper uptrend. Recall that the pound...

The EUR/USD pair continued downward on Tuesday and lost another roughly 120 pips over the past four days for no particularly good reason. After a month-long drop of about...

The USD/JPY pair shows positive dynamics for the third day in a row, continuing to retrace the drop to the October low near the round 156.00 level recorded last week...

The U.S. Dollar Index (DXY) continues to show upside momentum, reaching a two-week high. However, the rally has not extended further, and market participants have adopted a wait-and-see stance ahead...

The Elliott Wave count on the four-hour EUR/USD chart has become more complex. On the higher time frame (bottom chart), the downward trend segment has taken the form...

The EUR/USD pair has been declining for the fifth consecutive day, even though neither the ECB nor the Fed has held its meeting yet. It is worth recalling that...

The GBP/USD pair began to rise after liquidity was swept from the latest bearish swing, gaining a total of 260 points. A bullish order block and a bullish imbalance...