Recent content by Zforex

Dollar Index Stable, Gold Prices Surge, WTI Crude Slips, BoJ Adjusts Bond Purchases On Monday, the dollar index stabilized around 105.3 as investors prepared for crucial US inflation figures scheduled for release this week, which could shape the Federal Reserve's monetary policy stance. Last...

Cautious Fed Remarks Stifle EUR/USD Momentum The EUR/USD pair, which ended the past week on a flat note, saw its upward momentum in the fourth week somewhat tempered by cautious remarks from Fed members regarding interest rate cuts. With close attention to be paid to this week's inflation data...

US Unemployment Surges, Dollar Stabilizes, Gold Rises Amid Rate Cut Speculation In the US, the number of individuals claiming unemployment benefits surged by 22,000 to reach 231,000 for the week ending May 4th, marking the highest level since August 2023 and significantly exceeding market...

EUR/USD Euro Gains Ground Against Dollar Amid Fed's Dovish Tone and Economic Data Despite expectations for an interest rate cut at the ECB's June meeting, the euro gained momentum against the dollar due to the Federal Reserve's dovish remarks and the unexpectedly high unemployment data...

EUR/USD EUR/USD Pair Sees Short-Term Consolidation Amidst Dovish Fed Comments Following the market's perception of the Fed's dovish comments, coupled with the loss of strength in the dollar index, the currency pair experienced a rally of approximately 150 pips, but momentum has since...

Weekly Analysis (6May – 10May) This coming week promises to be quite interesting as we get to see how various central banks around the world, excluding the Fed, ECB, or BoJ, decide to handle their policies. Some may decide to cut rates, some may decide to hold rates while sounding patient...

EUR/USD Tests Resistance After FOMC, Eyes 1.08 for Upside Break After breaking the resistance at 1.0770 last Friday, the EUR/USD pair rallied up to the range of 1.0800-1.0810, which is supported by the 200-day moving average and the 0.38 correction level. However, it encountered some selling...

EUR/USD The Weakening of the Dollar Creates an Uptrend in the EUR/USD Pair The weakening of the dollar persists in response to the perceived dovish stance of the Federal Reserve's interest rate decision and subsequent communication. The announcement of a slowdown in quantitative...

EUR/USD EUR/USD Pre-FOMC Analysis: Key Levels, German Data Impact, and Market Outlook Yesterday, the EUR/USD forex pair encountered some selling pressure after the release of German inflation data but managed to recover before the session ended. While today's announcement of German growth...

In the United States, the focus will be on the Federal Open Market Committee (FOMC) meeting, where it is anticipated that borrowing costs will remain at their current levels. Market participants will pay close attention to Chair Powell's comments for hints about potential rate cuts expected...

EUR/USD Pair Faces Resistance at 1.0740, Potential Uptrend Ahead The currency pair, which failed to hold above the 1.0740 resistance level on Friday, initiated an uptrend with a rebound from the 1.0670-1.0675 range. Given the upcoming release of European inflation data and the busy schedule of...

US Indices Tech Leaders Propel S&P 500 Futures Higher with Earnings Surge S&P 500 futures climbed on Friday, buoyed by significant gains in major tech companies like Alphabet and Microsoft following their impressive earnings reports. Market participants also analyzed the latest US inflation...

Alphabet and Microsoft Showcase Robust Q1 2024 Earnings, Driven by AI and Cloud Computing Success Strong Financial Performances: Both Alphabet and Microsoft exceeded market expectations in Q1 2024, with significant revenue and profit increases largely fueled by advancements in AI and cloud...

EUR/USD EUR/USD Faces Resistance at 1.0740 Amid US Data Release, Eyes on 1.0800 Level Following the release of US unemployment and growth data yesterday, the EUR/USD pair faced sharp selling pressure within the mentioned range of 1.0730-1.0740 but quickly rebounded. Testing the day's high...

Economic Calendar Time (GMT) Event Asset Survey Previous 09:30 German Buba President Nagel Speaks EUR - - 10:00 Eurogroup Meetings EUR - - 12:30 Durable Goods Orders (MoM) USD 2.5% 1.3% 13:15 ECB’s McCaul Speaks EUR 14:30 Crude Oil...