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Bitcoin Price Hits Highest Level Since 2019
The price of bitcoin is up sharply today on a weaker US dollar. At the time of writing, BTC is up more than 9%....
Gold Price Forecast: All-Time High Within Range
Gold prices, alongside other precious metals like silver and platinum, are in the midst of their best week since March 23. That was the...
EURUSD Above 2019 High, Points Upward
The EURUSD pair is trading above the 2019 high with the 50 EMA continuing to separate from the 100 SMA. On the daily chart...
DXY Looks to Push Below 95
The US dollar has been weakening significantly over the past couple weeks. Today the DXY has fallen as far as 94.83 before recovering slightly....
EURUSD Daily FX Update JUL 13
EURUSD Daily FX Update for Monday, July 13, 2020. The United States continues to get hammered with exploding cases of the Coronavirus. The state...
EURUSD Daily FX Update JUL 10
EURUSD Daily FX Update for July 10, 2020. June Industrial Production for France and Italy beat expectations (+19.6% m/m and +42.1% m/m respectively). However,...
GBP/USD Targets 1.26 Level Fueled by EU Flextension Offer
The GBP/USD pair is testing the 1.26 mark, +0.45% on the day as of this writing. Cable is pushing higher amid renewed optimism for...
UK June PMI Data Points to Strong Construction Turnaround
The headline seasonally adjusted IHS Markit/CIPS UK Construction Total Activity Index beat market expectations handily, jumping to 55.3 in June from 28.9 in May.
DXY Weaker in Asian Session, Slips Below 97.00
The greenback slides following the holiday weekend in the United States on increased risk-on sentiment. As of this writing the Dollar Index...
AUD/USD Bulls Hold Ground Despite Gap Lower on Open
AUDUSD opens the week with a downside gap to 0.6932, currently around 0.6939, from Friday’s close near 0.6942. It only took about...
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RBA Maintains Current Policy Settings
At its meeting today, the Reserve Bank of Australia Board decided to maintain its current policy settings. This includes targets for the cash rate...
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Bitcoin Drops Overnight on Heavy Volume
Over the past several days Bitcoin (BTC) has been climbing steadily upward. The cryptocurrency heavyweight hit a 2020 high of $12,134.29 (according...
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US GDP Leads What to Watch For Today
Markets are bracing for what could be record poor US GDP numbers. Consensus is contraction in the range of 30%, however the...
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Federal Reserve Monetary Policy Decisions for July 2020
In its most recent release on monetary policy, the Federal Reserve committed to using its full range of tools to support the U.S. economy....
Education
20 Important Forex Statistics in 2020
Researching forex trading? Below are some interesting forex statistics, charts, trends, and facts we found on this $5.3 trillion daily market.
General Forex Statistics
The...
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