FOREX.com

FOREXcom Broker 15 hours ago

The net result of the Bank of Japan rate decision has been Yen-weakness, with USD/JPY initially showing an explosive move with a breakout beyond 145.00. That move couldn't hold, however, with an assist from the underside of a bullish trendline helping to cap the weekly highs, leading to a push back-below the 145.00 handle. For next week there's remaining bullish...

FOREXcom Broker 15 hours ago

The FOMC rate decision next week will likely have some pull on the matter but for now, the US Dollar is working on its second consecutive green week for the first time since the high in January. Resistance has so far held at last year's swing low of 100.22 but bulls put in some push over the past week and it seems unlikely that the Fed will suddenly go dovish...

FOREXcom Broker 15 hours ago

Gold is working on its second consecutive red week which would be the first such occurrence in 2025. Interestingly, gold had only posted two red weeks in the prior 16, until the $3500 level came into play. That high in gold syncs with a long-term spot of support in the US Dollar, and going into next week's FOMC meeting the two scenarios appear linked as a dovish...

FOREXcom Broker 22 hours ago

The US dollar traded mixed shortly after the NFP was released, as risk-on sentiment remained the prevailing trend. As index futures rose further, commodity dollars extended their gains against the greenback, while the USD/JPY attempted to find support around the key 144.00 - 144.50 area. This zone was resistance in the past so let's see if the UJ will be able to...

FOREXcom Broker May 2

If other cyclical asset classes are rallying like a global recession can be avoided, then why shouldn’t crude oil? Yes, there are reports OPEC+ may increase output again, and we know Donald Trump wants lower prices, but those factors should already be priced in. The true swing factor is demand—and if it’s not about to fall in a heap, why should crude? We’ve now...

FOREXcom Broker May 1

Gold has broken key short-term support between 3260-3284 (shaded in grey on the chart). This is a bearish development in the short term outlook from a technical point of view. But with the long-term trend being bullish, traders should take this with a pinch of salt. Key support levels are now approaching. $3200 is an obvious level to keep an eye on. Below that old...