Forecast

GOLD OUTLOOK & ANALYSISFed Chair Powell Testimony to dominate headlines later today.Gold bulls seek out volatility and dovish bias from Fed.Key technical indications for both weekly and daily charts. Recommended by…

RAND ANALYSIS & TALKING POINTSChinese optimism carries ZAR this morning as risk on sentiment prevails.Key inflection point looming on daily USD/ZAR chart. Recommended by Warren Venketas Get Your Free USD…

Gold is one of the favourite trading instruments of the most successful traders at NordFX. This can be easily confirmed by looking at the monthly rankings published by this brokerage company. That is why it is appropriate to…

EUR/USD: Will the Dollar Return to Steady Growth? ● The dollar has been rising since May 4. The DXY Index reached the 104.609 mark on the last day of spring, May 31. It hasn't soared this high since January 2023. As we have…

Share: GBP/USD outlook: Cable at two-week high above 1.25 ahead of US labor report Cable is establishing…

EUR/USD: Dollar Awaits U.S. Bankruptcy ● The dollar has been rising since May 4. Last week, on May 26, the DXY Index reached 104.34. It hasn't been this high since mid-March 2023. What is driving the U.S. currency up and,…

EUR/USD: Why the Dollar Continues to Rise ● We titled our last week’s review "Why the Dollar Rose" and detailed the reasons for the strengthening of the American currency. It's fitting to name today's fresh review "Why the…

Share: International Energy Agency predicts supply to fall behind demand by 2 million bpd in H2. Positive…

EUR/USD: Why the Dollar Rose ● We named the previous review "Market at a Crossroads." We can now say that it finally made a decision and chose the dollar last week. Starting from 1.1018 on Monday, May 8, EUR/USD reached a…

EUR/USD: The Market Is at a Crossroads ● Everything happened as it was supposed to. The Federal Open Market Committee (FOMC) of the US Federal Reserve raised the federal funds rate by 25 basis points (bps) to 5.25% during its…