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

Japan's economy is facing a new wave of inflationary pressure. Tokyo's Consumer Price Index (CPI)—a key leading indicator for nationwide inflation—accelerated to 1.7% year-on-year in June, while the core...

Statistics Canada's June labor market report delivered moderately positive signals. The economy added 18,000 jobs, exceeding analysts' expectations of 10,000, while the unemployment rate declined to 6.5%, its lowest level...

The 4-hour Elliott Wave structure for EUR/USD is becoming more complex. There is still no indication that the bullish trend segment (lower chart), which began in January of last year...

Over the past few weeks, GBP/USD has posted strong gains that could mark the beginning of a new bullish trend. Sellers proved unable to regain control this week despite...

EUR/USD remains within a local bearish impulse, while over the past three weeks buyers have managed only to push sellers back slightly. The euro's gains have been modest, but even...

The US Dollar Index (DXY), which tracks the dollar against a basket of six currencies, is consolidating around 100.50, remaining close to the nearly four-week low reached yesterday. Fading expectations...

On the hourly chart, EUR/USD rebounded from the 100.0% Fibonacci retracement level at 1.1409 on Wednesday, reversed in favor of the euro, and began a new advance toward the 76.4%...

On the hourly chart, GBP/USD rebounded from the 76.4% Fibonacci retracement level at 1.3382 on Wednesday, reversed in favor of the pound, and advanced toward the 1.3526–1.3543 resistance level...

Gold (XAU/USD) is posting moderate losses during the first half of Wednesday's European session and is currently trading near the lower boundary of its intraday range, around $4,025, down approximately...

Bitcoin has recovered to $6,000 and is likely to continue moving towards the only bearish Fair Value Gap (FVG) on the daily chart. In this case, we can expect...