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

Today, only the Canadian dollar was traded using the Mean Reversion strategy. I traded the British pound and the Japanese yen using the Momentum strategy. The euro and the pound...

A fresh wave of selling in technology stocks has sent the S&P 500 tumbling at the fastest pace in nearly a month. Even the dovish rhetoric from Christopher Waller...

Following yesterday's inflation data, the British pound is preparing for another bout of volatility. Today, the Bank of England is likely to cut interest rates, as concerns are shifting from...

[#USDX] With all technical conditions indicating a strengthening bias, then #USDX has the potential to rise today. Key Levels 1. Resistance. 2 : 98.64 2. Resistance. 1 : 98.60...

The price test at 155.61 coincided with the MACD indicator just beginning to move upward from the zero mark, confirming an appropriate entry point to buy the dollar. However, losses...

The price test at 1.3336 occurred when the MACD indicator was beginning to move upward from the zero mark, confirming an appropriate entry point for buying the pound...

The price test at 1.1711 occurred when the MACD indicator had moved significantly below the zero mark, limiting the pair's downside potential. For this reason, I did not sell euros...

The GBP/USD exchange rate was declining sharply amid a significant drop in the UK consumer price index (CPI), which is justifying expectations of a rate cut by the Bank...

The market bought the rumor and sold the fact, while the worsening outlook for the German economy acted as a catalyst for the EUR/USD pullback. Moreover, the situation in Ukraine...

The recent economic reports from the U.S. labor market hit like a thunderbolt. I'm not saying that most market participants expected positive numbers; rather, the opposite. I had warned that...