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  Durable Goods Orders underperformed in November as US PCE inflation declined as expected. GBP/USD is having trouble holding onto the 1.2000 level as demand for US Dollars rises. Demand for US dollars rises in anticipation of the holiday weekend. GBP/USD  pared losses and teetered on day highs after a brief decline to 1.2022, a new daily low. It trades in the 1.2040 price range as speculative interest continues to process mixed macroeconomic data from the United States. On the other hand, the Personal Consumption Expenditures (PCE) Price Index shows lower inflationary pressures in the nation, which increased 5.5% YoY in November from 6.1% in October. Read More.. Click here to see the video...

  In this article, we have covered the highlights of global market news about the  USD/INR, AUD/USD, USD/CAD  and  USD/JPY . USD/INR Price News: The Indian Rupee follows the bullish options market trend at 83.00. As Indian Rupee (INR) sellers take a break before the important United States data on early Friday,  USD/INR  declines from the seven-week peak. Nevertheless, while maintaining its strength for a third consecutive week, the quotation prints slight losses close to 82.85 by publication. The one-month risk reversal (RR) of the USD/INR, a measurement of the gap between call and put prices, prints the largest daily figure in one week. As a result, giving the pair information from the options market. The positive print of the weekly RR, which followed the negative marks of the previous week, also reflects the confidence of the USD/INR options market. The risk reversal percentage is 0.035 in both situations. Read More... EDGE-FOREX Click here to...

  Silver retreats further from a multi-month high and declines for the second day. The configuration still favors bulls and allows some dip-buying to materialize. A decisive breach below the $23.00 confluence is required to contradict the upbeat forecast. Silver continues to see selling pressure for the second straight day on Thursday, extending the previous day’s retracement decline from an eight-month high. Throughout the first half of the European session, the white metal declined and is presently trading in the $23.80-$23.75 range. Any further decline from the present levels is expected to encounter some support around the $23.55–$23.50 region. A little follow-through selling will reveal the $23.00 confluence, which consists of the 4-hour chart’s 100-period SMA and an ascending trendline starting from the bottom of November. The handle above ought to serve as a solid foundation and essential pivot point to choose the next leg of a directional move for the  Silver Price . R...

  In this article, we have covered the highlights of global market news about the  EUR/USD, NZD/USD, USD/JPY  and  USD/CAD . The EUR/USD rises as the USD falls, although the upside is limited to 1.0660. In the first part of the European session on Thursday, the  EUR/USD  pair regained bullish momentum and surged to the high end of a trading range that has been in place for a week. The pair is now trading slightly around the mid-1.0600s, down a few pips from the daily peak set in the previous hour but still up more than 0.30% for the day. Read More... EDGE-FOREX Click here to see the video....

  In this article, we have covered the highlights of global market news about the  GBP/USD, USD/JPY, NZD/USD  and  EUR/USD . According to ING, GBP/USD may return to the 1.15-1.18 region in the new year. The  GBP/USD  pair is struggling to get beyond the 1.2150 region. In the following year, ING economists predict that the pair will once again trade between 1.15 and 1.18. The outlook for 2023 continues to be difficult. “Due to the many strikes, there won’t be many data releases in the UK in the next two weeks, and tomorrow’s first GDP report is unlikely to affect the market. Before the first week of January, there are no planned Bank of England speakers. Reads More... EDGE-FOREX

  Despite the US Dollar’s recent recovery, the gold price is still only modestly bid. Bond and equity market declines related to the BOJ support safe-haven gold investment. Reports on China and the world economy cast doubt on the  XAU/USD  bulls, but a light schedule and festive spirit prevent sellers from entering. Early on Tuesday morning in Europe, the price of gold (XAU/USD) holds onto modest gains at $1,790 despite the US dollar’s recovery from its intraday low. The market’s rush for risk safety may be the cause. For a few hours, the Bank of Japan’s (BOJ) unexpected move sent off a wave of risk aversion that drove up bond rates and crushed commodity prices. However, the US Dollar Index tried to battle the Gold sellers after failing to stop the daily loss. Read More... Click here to see the video...

  In this article, we have covered the highlights of global market news about the  EUR/USD, GBP/USD, AUD/USD  and  USD/JPY. EUR/USD fights for a definite intraday trend and consolidates around the 1.0600 mark The  EUR/USD  pair failed to generate real momentum throughout Tuesday’s early European session and oscillated between modest gains and slight losses. However, below the 1.0600 level, spot prices remain vulnerable to changes in the price of the US Dollar. The Japanese Yen’s recent surge, sparked by the Bank of Japan, is weighing on the US Dollar and supporting the EUR/USD pair to some extent. Nevertheless, several factors continue to work in favor of the Dollar, limiting the major’s upward potential, at least temporarily. Read More... EDGE-FOREX Click here to see the video....

  On Monday, the  USD/JPY  struggles to generate real momentum for several reasons. Bets on a future BoJ pivot help the JPY and limit the upside during a slight decline in the USD. Increased  US bond rates  may underpin the major and contain USD losses. Ahead of the BoJ policy meeting on Tuesday, traders could also want to stay out of the market. On Monday, the USD/JPY pair failed to benefit from its little intraday increase and drew some sellers in the 136.60 area. During the early European session, the pair retreats to the lower end of its daily range, below the 136.00 level, under pressure from several factors. Read More... Click here to see the video...

  In this article, we have covered the highlights of global market news about the  AUD/USD, USD/CAD, GBP/JPY  and  EUR/USD . AUD/USD: The Australian dollar rises above the 200-day moving average on mixed China news and a lackluster mood. As a short-term moving average protects the Australia Dollar buyers early on Monday morning in Europe, the AUD/USD currency pair oscillates around the round number of 0.6700. By doing this, the Australian currency pair illustrates the market’s cautious confidence despite slow movements and a light calendar. However, the first daily advances in three days are cheered by the pair purchasers thanks to the widespread US Dollar weakening. Read More... EDGE-FOREX Click here to see the video...

  GOLD FUNDAMENTAL FORECAST – BEARISH Despite several event risks, gold prices remained almost unchanged last week. The overall fundamental environment is still expected to be gloomy.  XAU/USD  is displaying more and more technical indicators of reversal. Gold prices ended last week fairly steadily after 5 days of turbulence as XAU/USD dropped 0.25%. The many things the yellow metal had to process were the US CPI data, the Federal Reserve, Fedspeak, and even the European Central Bank. As we close up the last few weeks of 2022, all of these may have a long-term effect on gold. Read More... Click here to see the video...

  Forecast for the Australian Dollar: Bearish The Australian Dollar is still vulnerable to a pirouette in the  US Dollar . Although rate increases have come and gone, the debate is only becoming louder. As worries about a recession increase, sentiment keeps shifting. Where to trade  AUD/USD ? Last week, the Australian Dollar suffered as a result of the US Dollar’s spectacular surge in response to growing recessionary concerns. On Wednesday, the Federal Reserve raised its target range by 50 basis points to 4.25% – 4.50%. The shift was generally predicted despite a slightly softer US CPI the day before. Despite the addition of 64k jobs in November, Australia’s unemployment rate is still at multi-generational lows of 3.4%. This is in addition to a growing trade surplus from the previous week. Read More... EDGE-FOREX

  In this article, we have covered the highlights of global market news about the  USD/CHF, EUR/GBP, USD/CAD  and  NZD/USD . USD/CHF rises away from multi-month lows, testing 0.9300 post-SNB. On Thursday, the  USD/CHF  pair makes a good intraday comeback from the 0.9220 regions and ends a two-day losing run to an eight-month low set the day before. After the Swiss National Bank (SNB) issued its policy decision, intraday buying increased, and spot prices rose to the 0.9300 level in the early hours of the European session. Following its December policy meeting, the SNB increased interest rates by 50 basis points, as was generally expected. This was the third straight rate hike in as many meetings, resulting in a total lift-off of 175 bps in 2022. However, the Swiss Franc lost a little strength when the central bank reaffirmed that it would continue participating in foreign currency markets as needed. The USD/CHF pair benefits from this, as well as a...

  On Wednesday, the  EUR/USD  stays limited in a range since it lacks a clear intraday direction. The pair benefits from the overall unfavorable mood around the USD. Ahead of the ECB meeting on Thursday, investors are looking to the FOMC decision for inspiration. On Wednesday, the EUR/USD pair failed to generate real momentum and oscillated inside a small range for most of the European session. However, spot prices can maintain themselves firmly above the 1.0600 level and are still within striking distance of the more than five-month top reached on Tuesday. Read More... Click here to see the video....

  In this article, we have covered the highlights of global market news about the  EUR/USD, AUD/USD, GBP/JPY  and  USD/CAD . EUR/USD will fall to sub-1.05 levels as a result of Fed rate protest – ING Over 1.0600, the  EUR/USD  is stabilizing. On a credible rate protest from the Federal Reserve, according to ING economists, the pair is predicted to revert down below the 1.0500 level.  Greater than the Lagarde impact is the Powell effect. “Today’s FOMC statement will indicate whether the Fed can continue to support the Dollar in some capacity, and tomorrow’s ECB statement might provide information regarding possible balance sheet reduction. However, the Powell impact was far larger and lasted longer than the Lagarde effect on the EUR/USD. Read More.... EDGE-FOREX Click here to see the video...

In this article, we have covered the highlights of global market news about the  EUR/USD, USD/CAD, USD/ZAR  and  NZD/USD . EUR/USD might reach 1.08 and 1.0950/1.1000 with a closing over 1.0600/10610 – ING The  EUR/USD  pair ended the day unchanged after failing to make a clear move in either direction. ING economists point out two crucial technical levels to keep an eye on. The current 200-Day Moving Average reading is 1.0350. Read More...   EDGE-FOREX Click here to see the video...

  As the risk-off sentiment intensifies, USD/JPY attempts to move its auction profile above 137.00. Market players’ nervousness has increased due to conflicting opinions on the Federal Reserve’s prognosis for its policies. The Bank of Japan is making vigorous efforts to reach its target inflation rate of 2%. In the face of technical advantages, USD/JPY gains are anticipated to accelerate. In the early European session, the USD/JPY circles the pivotal level of 137.00. Investors are becoming worried ahead of the release of the Federal Reserve’s interest rate decision. Thus USD/JPY is attempting to elevate its company profile over the previously stated crucial barrier (Fed). This is the final monetary policy of CY2022, and volatility is likely to linger a bit longer due to growing anticipation that the rate of interest rate hikes would slow down. Jerome Powell, the head of the Federal Reserve, is also anticipated to issue interest rate forecasts for the whole calendar year 2023. Read ...

  In this article, we have covered the highlights of global market news about the  EUR/USD, NZD/USD, USD/CHF  and  USD/CAD . EUR/USD bears target 1.0510 as recession worries boost the US Dollar ahead of the Fed vs. ECB game. As traders anticipate this week’s major developments early on Monday,  EUR/USD  continues to decline around 1.0500, registering slight losses to prolong Friday’s negative trend. The US Consumer Price Index (CPI) for November and the monetary policy gatherings of the US Federal Reserve, the European Central Bank (ECB), and others get the most attention. Fears of an economic slowdown inside the bloc and beyond, brought on by the demand for safe-haven assets like the US Dollar, add to pre-event nervousness and impact EUR/USD values. Read More... EDGE-FOREX

  TALKING POINTS FOR BRENT CRUDE OIL (LCOC1) The weekly crude stock decline is ineffective in dissuading crude oil bears. Brent receives welcome assistance when a key U.S. pipeline is shut down. The focus for the USD is on U.S. PPI and consumer sentiment. FUNDAMENTAL BACKDROP: BRENT CRUDE OIL Even if Brent crude oil prices were slightly higher on Friday, the price is still under pressure. Crude oil fundamentals, notably larger-than-expected drops in API and EIA weekly crude inventory statistics, need more to overcome global recessionary worries. The greatest  crude oil  leaks in around 10 years have also forced the U.S. Keystone pipeline to be shut down. The decline in supply is mostly to blame for the price of crude oil today. Read More...

  Forecast for the AUD: Bearish The US Dollar still has control over the Australian Dollar. Inflation targeting monetary policy works, but some observers still need to remember that. After the RBA, it is the Fed’s time to act. Does it increase AUD/USD? During the first few days of the week, the Australian Dollar fell before settling over the weekend and rising above 68 cents. The RBA rate decision had little effect on the currency, but this week’s  Federal Reserve  decision may have a greater influence. Read More... EDGE-FOREX

  Forecast for the AUD: Bearish The US Dollar still has control over the Australian Dollar. Inflation targeting monetary policy works, but some observers still need to remember that. After the RBA, it is the Fed’s time to act. Does it increase AUD/USD? During the first few days of the week, the Australian Dollar fell before settling over the weekend and rising above 68 cents. The RBA rate decision had little effect on the currency, but this week’s  Federal Reserve  decision may have a greater influence. Read More... EDGE-FOREX

  On Friday, USD/CAD makes a slight intraday rebound move from the 50-day SMA support. Although a lower USD limits gains, falling oil prices boost and weaken the Canadian dollar. The configuration favors bullish traders and provides hope for additional price appreciation. On the last day of the week, the  USD/CAD  pair defends the 50-day SMA support and draws some buyers at the 1.3570-1.3565 region. The commodity-linked Loonie is under pressure, and the major is given some support as  crude oil prices  retain their negative leaning close to the YTD low. However, the upside for the USD/CAD pair is constrained by the pervasive US Dollar selling tendency, which is boosting wagers on the Fed raising rates less aggressively. Despite moving down from the daily low by a few pips, spot prices remain above the 1.3600 level during the early North American session. Read More... EDGE-FOREX

  In this article, we have covered the highlights of global market news about the  USD/CAD, EUR/USD, USD/JPY  and  NZD/USD . USD/CAD rises from 50 DMA on negative oil prices; weaker US Dollar may curb gains On the last day of the week, the  USD/CAD  pair successfully defends the 50-day SMA and draws some buyers at the 1.3570-1.3565 region. During the early half of the European day, spot prices surge over the 1.3600 level and partially undo the previous day’s retracement decline from a one-month high. Because of concerns that a worse global economic slowdown may reduce gasoline consumption, crude oil prices have been stuck at the YTD low. In addition, the Bank of Canada’s dovish 50 bps rate rise earlier this week is regarded as weakening the commodity-linked Loonie and helping the USD/CAD pair. In contrast, the upward potential is constrained given the pervasive US Dollar selling tendency. Read More...

  The 24-hour forex market is divided into three main trading sessions: the London session, the US session, and the Asian session. Every significant regional market center has distinct characteristics and patterns that may enable traders to implement strategies successfully at any moment. Even though the foreign exchange market is the most liquid of all asset classes, volatility fluctuates with time. A forex trading strategy’s dependability may be increased by comprehending these various forex session timings. In this post, we will examine these forex market sessions, their essential characteristics, forex time zones, and how they impact trading. Read More... EDGE-FOREX

  While defending the rebound from the weekly support line,  USD/CHF  posts modest gains. The 13-day-old resistance line is the objective of a 200-HMA investigation of the run-up. MACD and RSI indicate that current movements to the north may continue. In its first weekly positive performance in three going into Thursday’s  European session , USD/CHF gains up bids to 0.9420. The Swiss Franc pair also breaks the two-day downtrend as it grinds close to the intraday high. The recent increase in the quotation may be explained by the frequent reversals of the ascending trend line that has been in place for one week. Read More...

  In this article, we have covered the highlights of global market news about the  USD/CAD, NZD/USD, AUD/USD  and  EUR/USD . USD/CAD Price Analysis: Price retreats below 1.3700 from the monthly resistance line. As the first hour of Thursday’s European trading day comes to a close,  USD/CAD r ecords yet another failure to breach the resistance line that has been in place for a month. It falls to 1.3655. The RSI (14) drop from the overbought territory and the approaching bear cross on the MACD provide insight into the Loonie pair’s most recent falls. Read More... EDGE-FOREX

  In this article, we have covered the highlights of global market news about the  GBP/USD, AUD/USD, USD/JPY  and  NZD/USD . GBP/USD Price Analysis: During a three-day decline, sellers hit the 1.2100 support. The key support level of 1.2100 is the focus of the GBP/USD bears’ fight as early Wednesday morning in London approaches. As a result, the Cable pair declines for the third day. However, the MACD indicator’s impending bear cross suggests that the quotation might decline lower. The 200-DMA and an upward-sloping trend line from November 10 prevent the quotation from falling further at this time. Read More...

  GBP/JPY  reverses the previous day’s drop from a one-week high. A persistent rebound off the 21-SMA and bullish MACD indications favour buyers. Upward movements are opposed by a downward trend line that is five weeks old and 200-SMA. In the lead-up to Wednesday’s London opening, the pair receives more offers and prints modest gains around 166.65. The cross-currency pair then reverses the previous day’s losses from the one-week high by bouncing off the 21-SMA. To maintain the optimism of the GBP/JPY purchasers, the recovery movements also draw cues from the positive MACD indications. Read More... EDGE-FOREX

  In this article, we have covered the highlights of global market news about the  USD/JPY, NZD/USD, EUR/USD  and  USD/CAD . USD/JPY falls from three-day high; downside seems limited despite some US Dollar gain The  USD/JPY  pair cannot take advantage of its slight intraday gains and draws some selling around the mid-137.00s, or the three-day high reached on Tuesday. During the first part of the European session, spot prices fell below the 137.00 level, although the drop was muted due to a bit of US dollar strengthening. Read More...

  DISCUSSION POINTS ON FOREX ANALYSIS METHODS: To forecast market moves and examine patterns, traders often utilize one of three broad forms of forex analysis. To suit their personalities and trading styles, traders often use one or a mix of FX analysis techniques. It might be helpful to find trades using the analytical technique in a forex practice account. There are many different techniques to examine the FX market to prepare for trading. Although there are many different types of analysis, traders should make their research simple enough to spot potential trading chances. Read More...

Gold’s price drops from a five-month high as the  US Dollar  somewhat recovers intraday. US Treasury bond rates are increasing, putting pressure on the XAU/USD and reviving USD demand. Risks associated with the price of gold should be limited by bets on the  Federal Reserve  hiking rates less firmly. Gold’s price falls from the $1,810 area, or the five-month high hit earlier this Monday, failing to benefit from the intraday gain. The XAU/USD slips below $1,800 during the early part of the European session and is now perched on a potentially dangerous 200-day Simple Moving Average (SMA). Read More...