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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...

Hong Kong Dollar Peg: The Bass/Trump Connection

In a move widely panned by economists, the Trump administration is reportedly weighing options to break the longstanding Hong Kong Dollar peg.

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.

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...

EUR/USD under pressure amid coronavirus concerns

Heading into a long holiday weekend in the United Sates, the Euro is struggling to top 1.125. This comes among Coronavirus cases...

GBP/USD Continues Within Range Since Late March

For 70 straight trading days Cable has been ranging between 1.2074 and 1.2810. Currently in a mild upswing, though battling a strengthening...

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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...

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...

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...

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....

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...