Fresh-Forexcast2004

Fresh-Forexcast2004

An event to look out for today: 17:00 GMT+3. USD - Consumer confidence indicator EURUSD: The EUR and USD pair failed to find momentum on Monday, hovering near 1.0860 after US markets went into a long holiday weekend. The trading week will begin in earnest today after German sentiment surveys hamstrung the Euro (EUR) on Monday. Central banks on both sides of...

Fresh-Forexcast2004

Ethereum (ETHUSD) is once again at the peak of interest in the crypto community, and it's no coincidence. Here are some key events: 1. ETF Breakthrough: The U.S. Securities and Exchange Commission (SEC) has finally approved 8 applications to launch Ethereum ETFs from giants like BlackRock and Fidelity. This SEC decision is primarily political and opens the...

Fresh-Forexcast2004

The Pound-Dollar pair is losing momentum to recover near 1.26950 in the early Asian session on Friday. The major pair is declining after pulling back from a recent top near 1.27600 amid renewed demand for the US Dollar (USD). Later on Friday, data on US durable goods orders and Michigan consumer sentiment index will be released. On Thursday, the flash PMI from...

Fresh-Forexcast2004

The Euro-dollar pair is trying to halt its three-day losing streak, hovering around the 1.08200 mark during the Asian session on Thursday. The strengthening of the Euro against the US Dollar (USD) can be attributed to the latter's corrective movement. Investors are likely to await the Purchasing Managers' Index (PMI) data from the eurozone and Germany before...

Fresh-Forexcast2004

An event to look out for today: 21:00 GMT+3. USD - Publication of the Fed meeting minutes USDJPY: The Japanese yen (JPY) weakened after the release of Japan's trade balance data on Wednesday. The report showed that the trade deficit widened to JPY462.5 billion month-on-month in April, compared to the previous surplus of JPY387.0 billion. This result exceeded...

Fresh-Forexcast2004

Yesterday, on May 20, gold (XAUUSD) reached a new all-time high of $2450 per ounce! At its peak, the growth was an impressive 17.5% since the beginning of the year! Some analysts had previously predicted a rise up to $3500 per troy ounce, and current prices are confirming these forecasts. Bitcoin (BTCUSD) also did not lag behind. The leading cryptocurrency...

Fresh-Forexcast2004

The Pound-Dollar pair continues to rally near 1.27100 on Tuesday in the early Asian session. Investors are expecting more catalysts as various Federal Reserve (Fed) speakers are due later in the day. On Wednesday, close attention will be focused on UK Consumer Price Index (CPI) data and FOMC meeting minutes. On Tuesday, the US dollar trades stable amid the...

Fresh-Forexcast2004

The Euro-dollar pair is trading on a stronger note near 1.08800 on Monday in the early hours of Asian trading. The growth of the major pair is supported by the weakening of the US dollar. Federal Reserve (Fed) officials Bostic, Barr, Waller, Jefferson and Mester are scheduled to speak on Monday. The main event in the Eurozone will be the preliminary PMI for May on...

Fresh-Forexcast2004

The Dollar-Yen pair rose to 155.900 during the Asian session on Friday as the Japanese Yen (JPY) faced fresh pressure. This was due to the Bank of Japan (BoJ) maintaining its bond purchases from the previous operation, abandoning an unexpected cut in debt purchases earlier this week. Traders speculate that the BoJ may cut bond purchases at its June meeting. BOJ...

Fresh-Forexcast2004

GameStop Corp (#GameStop) video game store chain shares soared by 46% during Monday's trading on the New York Stock Exchange (NYSE), reaching $25 . The surge didn't stop there, as on Tuesday the price reached up to $60 per share! Wednesday opened with a sudden downward gap, but by the end of the session, the price confidently recovered to $40. What will...

Fresh-Forexcast2004

An event to look out for today: 15:30 GMT+3. USD - Number of initial applications for unemployment benefits GBPUSD: The GBP and USD pair continues to rise near 1.26900 on Thursday during the early Asian session. The rise in the major pair is supported by a weaker dollar following the release of weaker CPI inflation data in the US. UK employment data showed...

Fresh-Forexcast2004

The Euro-dollar pair is trading with a bullish bias around 1.08150 in the early hours of Asian trading on Wednesday. Later, markets may shift to cautious sentiment ahead of key economic data releases from the Eurozone and the US. Wednesday's highlights will be the first reading of the Eurozone's first quarter gross domestic product (GDP) and the April US consumer...

Fresh-Forexcast2004

The Dollar-Yen pair continues to rally around 156.20 and higher in the early hours of Asian trading on Tuesday. The Japanese Yen is losing ground against the US Dollar (USD) despite the hawkish signal from the Bank of Japan (BoJ) to reduce Japanese government bond purchases on Monday, as well as unfavorable Non-Farm Payrolls (NFP) data for April last...

Fresh-Forexcast2004

EURUSD: The EUR/USD pair is trading down near 1.0770 in the early hours of Asian trading on Monday. Investors have shifted into a cautious mode and prefer to wait and see ahead of the release of key economic data from the US this week. Wednesday's centerpiece will be the final reading of the Consumer Price Index (CPI) for April, which is expected to show a 3.4%...

Fresh-Forexcast2004

USDJPY: USDJPY is trading near 155.70 on Friday in the early hours of Asian trading. Renewed demand for the US dollar (USD) is lifting the pair. However, verbal intervention and hawkish commentary from Bank of Japan (BOJ) Governor Kazuo Ueda may limit the decline in the Japanese Yen (JPY) for now. San Francisco Fed President Mary Daly said Thursday that the...

Fresh-Forexcast2004

Events to pay attention to today: 14:00 GMT+3. USD - BoE Interest Rate Decision GBP/USD remains on the defensive around 1.24950 on Thursday in the early Asian session. The greenback has risen for the third consecutive day, putting pressure on the major pair. Traders are shifting into a more cautious mode ahead of the Bank of England's (BoE) interest rate...

Fresh-Forexcast2004

The Euro-dollar pair extended its losses for the second consecutive session, trading near 1.07400 during the Asian session on Wednesday. The US dollar (USD) is strengthening on expectations that the Federal Reserve (Fed) will extend interest rate hikes. However, weaker US jobs data over the past week has revived hopes of a possible interest rate cut by the Federal...

Fresh-Forexcast2004

USDJPY: Unfavorable U.S. non-farm payrolls (NFP) and services PMI data last week raised expectations that the U.S. Federal Reserve (Fed) will cut interest rates this year. Traders expect the Fed to start lowering borrowing costs at its September meeting. However, Fed Chair Michelle Bowman said last week that she would be willing to raise interest rates further...