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

High inflation figures (CPI) in the eurozone have strengthened expectations of interest rate hikes by the European Central Bank, providing additional support for the euro and the EUR/USD currency pair...

Yesterday, one of the leading candidates for ECB president, Klaas Knot, signaled that a tight monetary policy at the bank is likely to stay for a long time. He said...

Today, WTI is trading around $87/bbl after plunging from $96 to $86 over two days. On Wednesday, US crude slumped more than 8% and closed at $88.12, and the decline...

US equity markets rallied sharply on the Democrats' midterm win. AI trading had been sucking up all the oxygen in financial markets, but a rotation into other names helped most...

Gold extended gains today following Wednesday's more than 3% jump. The metal added about 1.9% to trade near $4,139/oz. Wednesday marked the strongest daily rise since August and pushed gold...

The blue wave swept markets, and the euro was among the first beneficiaries, emerging as one of the main winners of the US midterm elections. The vote functioned...

The GBP/USD currency pair resumed its upward movement overnight on Wednesday and continued rising throughout most of the day. Simply compare the euro's performance yesterday with that of the pound...

The EUR/USD currency pair posted a fairly decent gain on Wednesday, although the increase was not particularly strong. Throughout the day on Tuesday, the trading community focused on a single...

Review of Macroeconomic Reports There are few macroeconomic releases scheduled for Thursday. Once all the secondary ones are excluded, virtually nothing remains. Under the current circumstances, the market is unlikely...

On Wednesday, gold (XAU/USD) continued to rise steadily throughout the day, repeatedly reaching new weekly highs and approaching the 20-day SMA amid broad-based weakness in the US dollar. The Democratic...