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

The four-hour (H4) chart for Crude Oil (#CL) shows a strong positive breakout and significant price gains. Currently trading at 97.27, the price has clearly breached key resistance levels, maintaining...

The dollar received only brief support from US data yesterday and lacked the strength to sustain a push against the euro and pound. EUR/USD now trades around 1.1226 and GBP/USD...

The GBP/USD pair traded very quietly on Thursday despite at least three noteworthy reports in the UK and the US. Reports are not driving the market right now — expectations...

The EUR/USD pair recovered quite well overnight on Thursday after Wednesday's collapse on US data, and we view this recovery as a positive signal. First, the pair has finally decisively...

The GBP/USD currency pair posted a fairly strong rally on the fourth trading day of the week, the first reasonable move in the market in several weeks. The US dollar...

The EUR/USD currency pair rallied sharply on Thursday, which immediately panicked dollar bulls. Analysts scrambled to explain why the US currency fell after nearly a month of almost daily gains...

Only a few macroeconomic releases are scheduled for Friday, and none are particularly important. In the Eurozone, the second estimate of September CPI will be published today and is unlikely...

The GBP/USD pair showed no notable intraday moves on Thursday, aside from the overnight recovery after yesterday's US inflation report. Essentially, on Wednesday and Thursday the pair plunged sharply, then...

The EUR/USD currency pair basically stood still all day Thursday, aside from an overnight rally as part of a double reaction to the recent US inflation reports. Recall that...

The US PPI and Retail Sales reports landed in the "green zone," bolstering dollar bulls. Although the retail-sales release has shortcomings (see below), producer-side inflation clearly sided with the greenback...