EUR/USD remains in range near 1.0600 on Lagarde's speech

EUR/USD remains in range near 1.0600 on Lagarde's speech

EUR/USD is trading close to 1.0600, keeping its recent range on ECB President Christine Lagarde's remarks on Day 2 of the ECB Forum in Sintra. The US dollar struggles amid a positive shift in risk sentiment and firmer yields. US data awaited. 

EUR/USD News

GBP/USD bounces towards 1.2300 amid renewed USD selling

GBP/USD bounces towards 1.2300 amid renewed USD selling

GBP/USD is bouncing back towards 1.2300, capitalizing on the renewed selling in the US dollar across the board. The risk recovery is weighing on the dollar, despite the rebounding Treasury yields. Brexit and UK political woes remain a drag on the pound. US data eyed. 

GBP/USD News

Gold sticks to gains near $1,825, upside potential seems limited

Gold sticks to gains near $1,825, upside potential seems limited

Gold attracted some dip-buying on Tuesday and reversed a part of the overnight sharp retracement slide from the very important 200-day SMA. Gold held on to its modest gains through the early European session and was last seen trading above the $1,825 level.

Gold News

Former Ripple CTO is dumping millions of XRP, traders beware

Former Ripple CTO is dumping millions of XRP, traders beware

XRP price hints at signs that it is ready for an explosive second half of the year. Investors can expect Ripple to rally roughly 83% from the current position to $0.639 soon. A daily candlestick close below $0.340 will invalidate the bullish thesis for the remittance token.

Read more

CB Consumer Confidence Preview: Watch what we do, not what we say Premium

CB Consumer Confidence Preview: Watch what we do, not what we say

With the Fed and markets on recession watch, the US consumer continues to send conflicting signals. Confidence has plunged over the past year as inflation has soared. 

Read more

LATEST NEWS

More Latest News

Subscribe to Premium and chat here with our top experts

CLICK & GET 35% off on the yearly plan

PARTNER BROKERS IN YOUR LOCATION

BROKER PROMOTIONS








DEEPER DIVE

Hold WMT to play defense vs upcoming US recession

Hold WMT to play defense vs upcoming US recession

Walmart is a retail behemoth that operates a series of retail stories predominantly in North America. It offers its products at the lowest price point to entice consumers. WMT operates through three distinct segments: Walmart US, WMT International and Sams Club.

Where is the bottom for EUR/USD and GBP/USD? Four factors traders need to consider Premium

Where is the bottom for EUR/USD and GBP/USD? Four factors traders need to consider

EUR/USD and GBP/USD are set to extend their declines – and for good reasons. Where is the bottom? The low point for these currency pairs heavily depends on the Fed and the main question is: when will the dollar reach a top?

Three oversold cryptos that could double your portfolio

Three oversold cryptos that could double your portfolio

A brief technical and on-chain analysis on a few cryptos. Which are the massively oversold coins at this moment? How you could benefit from the crypto bloodbath? Here, FXStreet’s analysts evaluate where some of the hottest cryptos on the market could go next.

FXS Signals

Technical Confluences Detector

Dhwani Mehta

The R-word is back on the radars, prompting markets to scale back aggressive rate hike expectations from major central banks worldwide. Cooling hawkish expectations is helping calm investors’ nerves, weighing negatively on the safe-haven US dollar at the expense of gold price. However, stabilizing US Treasury yields, following the recent retreat, are keeping the further upside elusive in the bright metal. The market’s perception of risk sentiment, in the facing of lingering inflation and recession worries will continue to drive the US dollar price action, in turn, influencing XAUUSD.

Gold Price: Key levels to watch

The Technical Confluence Detector shows that Gold Price is retreating after running into strong offers at $1,831, which is the intersection of the Fibonacci 38.2% one-day, SMA200 one-hour and the previous high four-hour.

Read Full Report

CRYPTOCURRENCIES

This crypto investment strategy will help you triumph after the bear markets

This crypto investment strategy will help you triumph after the bear markets

A brief technical and on-chain analysis on a few cryptos. Here, FXStreet’s analysts evaluate where some of the hottest cryptos on the market could go next.

More Cryptocurrencies News

New sources affirm USDD is on a path to collapse like Terra’s UST

New sources affirm USDD is on a path to collapse like Terra’s UST

Tron launched its stablecoin USDD in May, at the same time as Terra’s sister tokens LUNC (formerly LUNA) and UST were imploding. The stablecoin recently detached from its $1 peg, sparking fears of a crash. 

More Tron News

Why Dogecoin, Shiba Inu, and LUNA 2.0 should be on your watchlist

Why Dogecoin, Shiba Inu, and LUNA 2.0 should be on your watchlist

A brief technical and on-chain analysis on a few cryptos. Here, FXStreet’s analysts evaluate where some of the hottest cryptos on the market could go next. 

More Dogecoin News

How trade SafeMoon price for a quick profit?

How trade SafeMoon price for a quick profit?

SafeMoon price gets ready for a quick run-up amid a bearish challenge. As a result, SAFEMOON has been consolidating below a crucial resistance barrier. Investors can expect the altcoin to resume its run-up soon.

More SafeMoon News

THE STOCK OF THE DAY

AMC trades higher on improved market sentiment, Russell 1000

AMC trades higher on improved market sentiment, Russell 1000

AMC stock rallied on Friday as the equity market adopted a risk-on attitude and joined in a relief rally. The main indices were up over 3% with the rate-sensitive Nasdaq leading the way forward. AMC then was pulled along on this wave of renewed optimism, which bizarrely was spurred by the record low University of Michigan Sentiment reading. 

ECONOMIC CALENDAR

REAL-TIME RATES

Customize your rates

WEEKLY FORECAST

EUR/USD: Here’s why the EUR can not beat the USD Premium

EUR/USD: Here’s why the EUR can not beat the USD

Central banks provided volatility to the FX board these days, resulting in EUR/USD trading as low as 1.0358 and as high as 1.0601. The pair settled a handful of pips above the 1.0400 threshold as dollar buyers juggled between recession fears and lingering demand for safety.

Read full analysis

GBP/USD: Recovery at risk, with UK inflation, Powell ahead Premium

GBP/USD: Recovery at risk, with UK inflation, Powell ahead

Another weekly decline showed that there was little reprieve for GBP bulls. The GBP/USD recovery from two-year lows of 1.1933 faltered amid the Fed-BOE monetary policy divergence and dire UK economic outlook. Attention now turns to the critical UK inflation report and Powell’s testimony in the week ahead for fresh trading impulse for cable traders.

Read full analysis

USD/JPY: Mr. Kuroda declines an invitation to the rate party Premium

USD/JPY: Mr. Kuroda declines an invitation to the rate party

There was never much chance that the BOJ would modify its perennial easy money policy at its meeting on Friday. But when the possibility, however remote, was weighed against the 6.7% gain in the USD/JPY over the past three weeks and universal central bank tightening, the two-day profit run to below 132.00 on Wednesday and Thursday was eminently sensible. 

Read full analysis

USD/CAD Weekly Forecast: Energy jitters propel the Canadian dollar Premium

USD/CAD Weekly Forecast: Energy jitters propel the Canadian dollar

The US dollar managed a small recovery against the loonie on Friday backed by a strong US payroll report, but that barely altered the dismal record that has seen the USD/CAD drop 1% this week and 3.4% since May 12. 

Read full analysis

Bitcoin: Everything you need to know about BTC 200-week MA

Bitcoin: Everything you need to know about BTC 200-week MA

Bitcoin price has gone through turbulent times over the last few months. From reaching a new all-time high to hitting yearly lows and revisiting levels since 2020, the crypto markets have been extremely volatile.

Read full analysis

Gold Price holds above key level, focus shifts to Powell's testimony Premium

Gold Price holds above key level, focus shifts to Powell's testimony

Gold seems to have gone into a consolidation phase near $1,850 after having gained more than 2% in the previous two days. Markets remain relatively quiet ahead of the three-day weekend in the US and XAUUSD remains on track to post weekly losses despite the impressive rally witnessed following the Fed's policy announcements.

Read full analysis


EDUCATION