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

No macroeconomic publications are scheduled for Wednesday. The exception is the second estimate of Germany's October inflation, which will be released as a revision. We do not expect the second...

The GBP/USD pair also showed a notable decline on Wednesday, which was triggered by US inflation rising 0.1% above forecasts on a monthly basis. It is clear that inflation...

The EUR/USD pair fell again on Tuesday, but once more within the sideways channel. As we expected, the US inflation report triggered a strong market reaction, but that report...

Another attempt to storm the 1.1260 resistance level (the upper Bollinger Band on D1) failed: buyers retreated again into the 1.11 area, reflecting the fragility of long positions. As last...

The euro and the pound have recovered well against the dollar and have erased Friday's tumble that followed strong U.S. labor data. Recall that unemployment fell to 4.1% in October...

Westpac's consumer confidence index fell 2.7% in November to 78.2 points, reaching its lowest level since late 2022. Notably, among mortgage borrowers, the index plunged 11.6% to 68.1 points —...

Global equity indices are recovering rapidly from recent sell-offs, putting in their strongest two-day advance in roughly three months. The main positive driver was a steep drop in Brent crude...

Bitcoin continues to decline, and even sharply falling oil does not save it. Federal Reserve officials have recently pressured the market by strongly pushing back against high inflation...

The price test at 158.10 in the first half of the day occurred as the MACD indicator began to move up from the zero line; however, this did not lead...

The price test at 1.3454 occurred when the MACD indicator was already well above the zero line, limiting the pair's upside potential. A second test of 1.3454 triggered Scenario...