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BoA believes 2024 could be a transformative year for the Japanese yen (JPY) - pressured

Bank of America believes that 2024 could be a transformative year for the Japanese yen (JPY) with the implementation of the …

Jul 18, 2023

Private oil survey data shows smaller headline crude draw than was expected

The inventory data from the private survey is out now, official data follows Wed. morning (US time). Via the folks at Zero …

Jul 18, 2023

Forexlive Americas FX news wrap: US dollar climbs after retail sales

US June retail sales 0.2% versus 0.5% expected Canada June CPI 2.8% y/y versus 3.0% expected US July NAHB housing market …

Jul 18, 2023

Major indices close higher. Dow up for the 7th consecutive day.

The major stock indices closed higher on the day. The Dow led the way with a gain of 1.06%. That was good for the 7th consec…

Jul 18, 2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3075; (P) 1.3108; (R1) 1.3127; More… GBP/USD’s consolidation from 1.3141 is in progress. Intraday bias …

Jul 18, 2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 138.01; (P) 138.71; (R1) 139.41; More… USD/JPY is extending the consolidation from 137.22 and intraday bi…

Jul 18, 2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1211; (P) 1.1230; (R1) 1.1257; More… Immediate focus is now on 1.1273 fibonacci level in EUR/USD. As up…

Jul 18, 2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1211; (P) 1.1230; (R1) 1.1257; More… Intraday bias in EUR/USD is resuming by breaking 1.1248 minor resi…

Jul 18, 2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3075; (P) 1.3108; (R1) 1.3127; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.3…

Jul 18, 2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 138.01; (P) 138.71; (R1) 139.41; More… Intraday bias in USD/JPY remains neutral as consolidation from 137…

Jul 18, 2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1211; (P) 1.1230; (R1) 1.1257; More… Intraday bias in EUR/USD is resuming by breaking 1.1248 minor resi…

Jul 18, 2023

Trade ideas thread - Tuesday, 18 July 2023

Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders wou…

Jul 17, 2023

JP Morgan: US small & mid-cap stocks have "quite a bit of upside" if inflation, rates fall

JP Morgan's Kolanovic on the US June CPI result in a note Monday: has slightly increased the Federal Reserve’s chances…

Jul 17, 2023

Economic calendar in Asia Tuesday, 18 July 2023 - RBA July meeting minutes

It's a very light data calendar in the Asia session ahead. At 0130 GMT, 9.30pm US Eastern time, we get the minute of th…

Jul 17, 2023

Trade ideas thread - Tuesday, 18 July 2023

Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders wou…

Jul 17, 2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3075; (P) 1.3108; (R1) 1.3127; More… GBP/USD’s consolidation from 1.3141 is extending and intraday bias…

Jul 17, 2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 137.63; (P) 138.40; (R1) 139.55; More… USD/JPY’s consolidation from 137.22 is extending and intraday bias…

Jul 17, 2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1207; (P) 1.1226; (R1) 1.1248; More… Intraday bias in EUR/USD is turned neutral with extended loss of u…

Jul 17, 2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1207; (P) 1.1226; (R1) 1.1248; More… Intraday bias in EUR/USD stays on the upside despite some loss of …

Jul 17, 2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 137.63; (P) 138.40; (R1) 139.55; More… Intraday bias in USD/JPY stays neutral for consolidation above 137…

Jul 17, 2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3075; (P) 1.3108; (R1) 1.3127; More… Intraday bias in GBP/USD remains neutral for consolidation below 1…

Jul 17, 2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1207; (P) 1.1226; (R1) 1.1248; More… Intraday bias in EUR/USD stays on the upside despite some loss of …

Jul 17, 2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 137.63; (P) 138.40; (R1) 139.55; More… Intraday bias in USD/JPY stays neutral for consolidation above 137…

Jul 17, 2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3075; (P) 1.3108; (R1) 1.3127; More… Intraday bias in GBP/USD remains neutral for consolidation below 1…

Jul 17, 2023

Monday morning open levels - indicative forex prices - 17 July 2023

Good morning and welcome to the new FX week!On a Monday morning, market liquidity is very thin until it improves as more Asi…

Jul 16, 2023

Weekly Market Outlook (17-21 July)

UPCOMING EVENTS: Monday: PBoC MLF. Tuesday: US Retail Sales, Canada CPI. Wednesday: New Zealand CPI, UK CPI. Thursday: P…

Jul 16, 2023

Markets Week Ahead: Gold, EUR/USD, S&P 500 Break Out as USD Tanks; Tesla Earnings Eyed

Gold, the Nasdaq 100, EUR/USD and GBP/USD all soared this week, while the US dollar broke down after US CPI data surprised t…

Jul 16, 2023

Newsquawk Week Ahead: China activity data, PBoC LPR, US retail sales, UK, NZ, & Canada CPI

Week Ahead July 17-21st MON: PBoC MLF, South Korean Trade Balance Revised (Jun), Chinese GDP (Q2), Retail Sales, and Indus…

Jul 16, 2023

The US dollar fell sharply last week before consolidating on Friday.What next technically?

EURUSD: USDJPY: GBPUSD: USDCHF USDCAD: AUDUSD: This article was written by Greg Michalowski at www.forexlive.com. fr…

Jul 16, 2023

Weekly Market Outlook (17-21 July)

UPCOMING EVENTS: Monday: PBoC MLF. Tuesday: US Retail Sales, Canada CPI. Wednesday: New Zealand CPI, UK CPI. Thursda…

Jul 16, 2023

Weekly Market Outlook (17-21 July)

UPCOMING EVENTS: Monday: PBoC MLF. Tuesday: US Retail Sales, Canada CPI. Wednesday: New Zealand CPI, UK CPI. Thursday: P…

Jul 16, 2023

GBP/USD Weekly Outlook

GBP/USD’s up trend from 1.0351 resumed last week and hit as high as 1.3141. But as a temporary top was formed with subsequen…

Jul 15, 2023

USD/JPY Weekly Outlook

USD/JPY’s fall from 145.06 extended to as low as 137.22 last week, but recovered after breaching 137.90 resistance turned su…

Jul 15, 2023

EUR/USD Weekly Outlook

EUR/USD’s up trend resumed last week by breaking 1.1094 resistance decisively. Initial bias stays on the upside this week fo…

Jul 15, 2023

Euro Forecast: EUR/USD Breakout Gains Momentum but Fibonacci Resistance on Radar

EUR/USD rallied aggressively this past week, rising to its best level since February 2022. With momentum on its side, the pa…

Jul 15, 2023

Euro Forecast: EUR/USD Breakout Gains Momentum but Fibonacci Resistance on Radar

EUR/USD rallied aggressively this past week, rising to its best level since February 2022. With momentum on its side, the pa…

Jul 15, 2023

Forexlive Americas FX news wrap 14 Jul. USD rises today but down for the week

S&P and NASDAQ snap four-day winning streak. Dow up for the 5th consecutive day Bank of Canada's Macklem: Our fore…

Jul 14, 2023

The USDCHF made a break to the lowest level since January 2015 this week. That's important

The USDCHF broke sharply to the downside this week following the dollar's move lower on the back of lower CPI and PPI. T…

Jul 14, 2023

S&P and NASDAQ snap four-day winning streak. Dow up for the 5th consecutive day

The broader S&P and NASDAQ index snapped 4-day winning streaks, while the Dow industrial average extended its streak to …

Jul 14, 2023

Bank of Canada's Macklem: Our forecast has inflation moving around 3% most of next year

BOC's Macklem comments in a Globe and Mail article Inflation is going to be around 3% going forward Surprised by ongo…

Jul 14, 2023

WTI crude oil futures settle at $75.42

The The price of WTI crude futures is settling at $75.42. That's it down $-1.47 or -1.91%. Although down nearly 2% toda…

Jul 14, 2023

The USDCHF made a break to the lowest level since January 2015 this week. That's important

The USDCHF broke sharply to the downside this week following the dollar's move lower on the back of lower CPI and PPI. T…

Jul 14, 2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 139.86; (P) 140.66; (R1) 141.16; More… Intraday bias in is turned neutral for the moment, as USD/JPY lost…

Jul 14, 2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1161; (P) 1.1194; (R1) 1.1260; More… Intraday bias in EUR/USD remains on the upside and outlook is unch…

Jul 14, 2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3032; (P) 1.3087; (R1) 1.3190; More… Intraday bias in GBP/USD remains on the upside for the moment. Cur…

Jul 14, 2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1044; (P) 1.1092; (R1) 1.1180; More… Intraday bias in EUR/USD stays on the upside for the moment. Curre…

Jul 13, 2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2928; (P) 1.2964; (R1) 1.3024; More… GBP/USD continues today and matched 61.8% projection of 1.0351 to …

Jul 13, 2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 139.86; (P) 140.66; (R1) 141.16; More… Intraday bias in USD/JPY stays on the downside with focus on 137.9…

Jul 13, 2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1044; (P) 1.1092; (R1) 1.1180; More… EUR/USD’s rally continues today and intraday bias stays on the ups…

Jul 13, 2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0981; (P) 1.1004; (R1) 1.1031; More… EUR/USD’s rally is still in progress and intraday bias remains on …

Jul 12, 2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2880; (P) 1.2907; (R1) 1.2960; More… Intraday bias in GBP/USD stays on the upside for the moment. Curre…

Jul 12, 2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 139.86; (P) 140.66; (R1) 141.16; More… USD/JPY reaches as low as 138.75 so far today as fall from 145.06 …

Jul 12, 2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0981; (P) 1.1004; (R1) 1.1031; More… EUR/USD’s rally continues today and intraday bias stays on the ups…

Jul 12, 2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2880; (P) 1.2907; (R1) 1.2960; More… GBP/USD’s rally continues today and hit as high as 1.2968 so far. …

Jul 12, 2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2785; (P) 1.2826; (R1) 1.2903; More… Intraday bias in GBP/USD remains on the upside at this point. Curr…

Jul 11, 2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0963; (P) 1.0982; (R1) 1.1021; More… Intraday bias in EUR/USD stays mildly on the upside despite curren…

Jul 11, 2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 140.74; (P) 141.87; (R1) 142.47; More… Intraday bias in USD/JPY remains on the downside as fall from 145.…

Jul 11, 2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 141.42; (P) 142.81; (R1) 143.54; More… USD/JPY’s decline from 145.06 temporary top continues today and in…

Jul 10, 2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0900; (P) 1.0936; (R1) 1.1006; More… EUR/USD is still capped below 1.1011 resistance and intraday bias …

Jul 10, 2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2760; (P) 1.2805; (R1) 1.2883; More… Intraday bias in GBP/USD is turned neutral with current retreat. O…

Jul 10, 2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0900; (P) 1.0936; (R1) 1.1006; More… Intraday bias in EUR/USD remains neutral for the moment, and furth…

Jul 10, 2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 141.42; (P) 142.81; (R1) 143.54; More… Intraday bias in USD/JPY remains on the downside at this point. Fa…

Jul 10, 2023

EUR/USD Weekly Outlook

EUR/USD continued to draw strong support from 55 D EMA (now at 1.0859) last week even though it is still bounded in range be…

Jul 8, 2023

GBP/USD Weekly Outlook

GBP/USD’s rebound from 1.2589 accelerated higher last week and breached 1.2847. Initial bias is now on the upside this week.…

Jul 8, 2023

USD/JPY Weekly Outlook

USD/JPY’s steep decline last week confirmed short term topping at 145.06, in bearish divergence condition in 4H MACD. Initia…

Jul 8, 2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 143.53; (P) 144.10; (R1) 144.63; More… Intraday bias in USD/JPY is back on the downside with break of 143…

Jul 7, 2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2682; (P) 1.2731; (R1) 1.2789; More… GBP/USD is staying below 1.2847 despite today’s rally. Intraday bi…

Jul 7, 2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0851; (P) 1.0875; (R1) 1.0917; More… EUR/USD is still bounded in range of 1.0834/1011 despite today’s r…

Jul 7, 2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0851; (P) 1.0875; (R1) 1.0917; More… Range trading continues in EUR/USD and intraday bias remains neutr…

Jul 7, 2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2682; (P) 1.2731; (R1) 1.2789; More… Intraday bias in GBP/USD stays neutral at this point as consolidat…

Jul 7, 2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 143.53; (P) 144.10; (R1) 144.63; More… Intraday bias in USD/JPY remains neutral at this point. Correction…

Jul 7, 2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 144.26; (P) 144.49; (R1) 144.91; More… Intraday bias in USD/JPY is now on the downside with break of 55 4…

Jul 6, 2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2683; (P) 1.2709; (R1) 1.2730; More… Intraday bias in GBP/USD is turned neutral first as recovery from …

Jul 6, 2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0863; (P) 1.0893; (R1) 1.0908; More… Range trading continues in EUR/USD and intraday bias stays neutral…

Jul 5, 2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2685; (P) 1.2712; (R1) 1.2740; More… Intraday bias in GBP/USD remains mildly on the upside at this poin…

Jul 5, 2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 144.22; (P) 144.47; (R1) 144.72; More… Range trading continues in USD/JPY and intraday bias stays neutral…

Jul 5, 2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0863; (P) 1.0893; (R1) 1.0908; More… Intraday bias in EUR/USD remains neutral and further rally is stil…

Jul 5, 2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2685; (P) 1.2712; (R1) 1.2740; More… No change in GBP/USD’s outlook and intraday bias stays mildly on t…

Jul 5, 2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 144.22; (P) 144.47; (R1) 144.72; More… Intraday bias in USD/JPY remains neutral as consolidation from 145…

Jul 5, 2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 144.14; (P) 144.53; (R1) 145.06; More… USD/JPY is extending the consolidation from 145.05 and intraday bi…

Jul 4, 2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0853; (P) 1.0893; (R1) 1.0950; More… Intraday bias in EUR/USD stays neutral for the moment. Further ral…

Jul 3, 2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2621; (P) 1.2674; (R1) 1.2748; More… Intraday bias in GBP/USD stays mildly on the upside at this point.…

Jul 3, 2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 144.00; (P) 144.53; (R1) 144.86; More… Intraday bias in USD/JPY remains neutral for consolidations below …

Jul 3, 2023

EUR/USD Weekly Outlook

EUR/USD’s consolidation from 1.1011 short term top continued last week but drew strong support from 55 D EMA (now at 1.0805)…

Jul 1, 2023

GBP/USD Weekly Outlook

GBP/USD’s pull back from 1.2847 could have completed after dipping to 1.2589 last week. Initial bias remains mildly on the u…

Jul 1, 2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0932; (P) 1.0961; (R1) 1.1017; More… Intraday bias in EUR/USD remains on the upside at this point. Curr…

Jun 22, 2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2705; (P) 1.2754; (R1) 1.2815; More… GBP/USD failed to break through 1.2847 resistance today, and stays…

Jun 22, 2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2705; (P) 1.2754; (R1) 1.2815; More… GBP/USD is staying in consolidation below 1.2847 and intraday bias…

Jun 22, 2023

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