Forex News
Latest News
Broker promotions
Editors’ Picks
EUR/USD finds demand above 1.0800 ahead of key US data
EUR/USD is finding fresh demand above 1.0800 in European trading on Tuesday. A minor improvement in the market mood offsets a pause in the US Dollar correction, offering support to the pair ahead of top-tier US economic data releases.
GBP/USD regains traction toward 1.3000 as risk sentiment improves
GBP/USD has regained upside traction, nearing 1.3000 in the European session on Tuesday. A positive shift in risk sentiment helps the pair recover ground amid bets for smaller Fed rate cuts, which checks the US Dollar correction ahead of key US jobs data and corporate earnings results.
UPCOMING CALENDAR EVENTS
Editors’ Picks
Gold price consolidates near record high, holds above $2,750 ahead of US macro data
Gold price maintains its bid tone through the early part of the European session on Tuesday and currently trades just above the $2,750 level, within the striking distance of the all-time peak touched last week.
US JOLTS job openings expected to fall back below 8 million in September
Markets expect job openings to come in at 7.99 million on the last business day of September. Fed policymakers have made it clear after the July policy meeting that they are shifting their focus to the labor market, given the encouraging signs of inflation retreating toward the central bank’s target.
Bitcoin Cash Price Forecast: Technical and on-chain metrics suggest a rally ahead
Bitcoin Cash continues to trade in green on Tuesday and is approaching its descending trendline; a successful close would suggest a bullish move ahead. On-chain data further supports the bullish thesis, as BCH’s long-to-short ratio is above one, and its funding rate is positive, all hinting at a possible rally ahead.