
The G20 summit took place in Bali, Indonesia, on November 2022…
Don’t waste your time – keep track of how NFP affects the US dollar!
Data Collection Notice
We maintain a record of your data to run this website. By clicking the button, you agree to our Privacy Policy.
Join Us on Facebook
Stay on top of company updates, trading news, and so much more!
Thanks, I already follow your page!Beginner Forex Book
Your ultimate guide through the world of trading.
Check Your Inbox!
In our email, you will find the Forex 101 book. Just tap the button to get it!
Risk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.
77.93% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.
You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.
Information is not investment advice
EUR/USD is climbing up. The move above 1.1950 will drive it to 1.2000. Let’s find out the main reasons why it may happen.
Have you noticed that the US dollar is traded at its lowest levels for almost two years? Indeed, most analysts have bearish forecasts on the greenback. According to Bloomberg, the USD is likely to be the weakest among such currencies as the JPY, the CHF, and the EUR even when the coronavirus passes. On Thursday the Fed made a dovish statement, which undermined the already fragile US dollar. Going a bit further, US officials claimed that they would allow the inflation and unemployment to run higher, which in turn will leave interest rates at low levels for years to come. As a result, that announcement has forced investors to sell off the low-yielding dollar.
According to ING, the main driver of EUR/USD will remain the dollar weakness for quarters to come. They emphasized that positive European news has never influenced the pair so significantly as the performance of the greenback.
Here’s what chief FX strategist thinks about the most traded pair: “EUR/USD keeps knock knock knockin’ on 1.20s door but has so far failed in every attempt before getting too close. It is probably just a matter of time before it happens, but the ECB will have a clear interest in fighting it short-to-medium-term since the European inflation is yet way too fragile”.
September 1 will be full of PMI releases from both sides of the Atlantic. The European PMIs will start to come out at 10:15 MT time and last till 11:00 MT time. Later on, the US PMI will be released at 17:00 MT time. Follow the reports and catch market flows! As a rule, if PMI is better than the forecasts, the currency will rise. Otherwise – fall.
Let’s have a look at the 4-hour chart. The pair has been trading in a range between 1.1770 and 1.1850 for a while. However, it has managed to escape it, breaking through two support levels at 1.1850 and 1.1900. The move above the high of August 19 at 1.1950 will clear the way towards the key psychological mark of 1.2000. Follow further Forex news!
The G20 summit took place in Bali, Indonesia, on November 2022…
The deafening news shocked the whole world yesterday: the British Queen Elizabeth II died peacefully at the age of 96…
After months of pressure from the White House, Saudi Arabia relented and agreed with other OPEC+ members to increase production.
Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?
Today, at 5:00 pm (GMT +2), the Bank of Canada will publish the Overnight Rate, which represents short-term interest rates, and is pivotal to the overall pricing of the Canadian Dollar in the global markets. Let's look at how the markets are faring ahead of the BoC rates release.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
Your request is accepted.
We will call you at the time interval that you chose
Next callback request for this phone number will be available in 00:30:00
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later