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

Today, the British pound, Australian dollar, and Canadian dollar were traded using the Mean Reversion strategy. I traded only the Japanese yen using the Momentum strategy. Inflation data from...

Trade analysis and guidance on trading the euro The first test of the 1.1730 price level occurred when the MACD indicator had already moved far below the zero line, which...

On Thursday, the EUR/USD pair continued its upward movement and consolidated above the 38.2% corrective level at 1.1718. Thus, the rise of the European currency may continue today toward...

On Thursday, the pair moved upward and tested the 61.8% retracement level at 1.1746 (yellow dashed line), after which the price went down and closed the daily candle at 1.1737...

According to the data, in September of this year, the U.S. trade deficit unexpectedly fell to its lowest level since mid-2020. This happened thanks to a sharp increase in exports...

Meanwhile, the European currency is rising, and more economists are predicting that the next move in the eurozone will indeed be an interest rate increase by the European Central Bank...

The test of the price level at 1.1715 occurred when the MACD indicator had moved significantly above the zero mark, limiting the pair's upward potential. For this reason...

The dollar continues to face issues. As statistics indicate, the number of initial jobless claims in the US has sharply increased, exceeding economists' forecasts, leading to another decline...

There are a few macroeconomic reports scheduled for Friday, but some deserve traders' attention. In particular, reports on GDP and industrial production will be released...

The EUR/USD currency pair continued its upward movement on Thursday following the Federal Reserve's meeting on Wednesday evening. Recall that the results of the last Fed meeting of the year...