tradingforex

In focus today In the euro area, attention shifts to August unemployment data. While the labour market has remained robust with low unemployment, employment growth has moderated lately. We expect the unemployment rate to remain unchanged at 6.2%. Additionally, the final manufacturing PMI is due today. With much of Europe on holiday in August, late … Read more

Chinese equities hit a fresh three-year high, while India’s Nifty 50 rebounded on Monday after President Xi Jinping and Prime Minister Narendra Modi attended a weekend summit in Shanghai alongside leaders from Russia, Iran and Turkey. The meeting focused on strengthening ties among emerging markets in the face of what participants described as aggressive US … Read more

GBP/USD started a fresh increase above 1.3500. USD/CAD declined and is now consolidating losses below 1.3800. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound is eyeing more gains above 1.3500. There is a key bearish trend line forming with resistance at 1.3530 on the hourly chart of GBP/USD at FXOpen. USD/CAD started … Read more

Markets Friday’s US July PCE inflation gauges printed bang in line with expectations. Lacking signs of tariff-related inflationary pressures, they basically vindicated Fed chair Powell paving the way for a first rate cut in a year at this month’s meeting. A softer Chicago PMI and a downward revision in the US Michigan consumer survey’s inflation … Read more

Market Overview The cryptocurrency market capitalisation has fallen by 3.4% over the past seven days to $3.74 trillion, its lowest level in three and a half weeks. The total capitalisation chart continues to record a series of lower lows, signalling a downward trend. A break below the 50-day moving average reinforces this signal, confirming the … Read more

The second half of August proved a testing time for cryptocurrency enthusiasts. After hitting a record peak of around $124k on 14 August, the BTC/USD rate fell by roughly 13% by the end of the month. Several factors may have contributed to this decline, including the perception of cryptocurrencies as a risky asset: → The … Read more

Silver accelerated higher at the start of the week (up over 2% in Asia / early Europe on Monday) and broke above psychological $40 barrier for the first time in over a decade. Fresh gains hit the highest since April 2011 and cracked Fibo barrier at $40.68 (76.4% of larger $49.78/$11.23 downtrend, 2011/2020), in extension … Read more

The dollar index remains in red for the fifth straight day and probes again through key supports at $97.61/52 (daily cloud base / Fibo 61.8% of 95.97/100.04) which have so far contained a number of attacks and marks solid supports. The dollar keeps negative tone on rising bets for Fed rate cut in September (the … Read more

The EUR/USD pair rose to 1.1704 on Monday. The US dollar is trading near one-month lows as the market awaits a series of US labour market reports. These figures could influence the Federal Reserve’s upcoming policy decisions. The key event will be Friday’s August employment report, alongside data on the unemployment rate, job openings, and … Read more

Since our last publication, the EUR/USD has indeed shaped the expected minor bullish breakout above the highlighted 1.1520 short-term pivotal support and hit the 1.1680/1.1705 short-term resistance. It rallied by 1.6% to print an intraday high of 1.1730 on 13 August 2025. Let’s now examine its latest technical elements to determine its next potential trajectory … Read more