Recent content by Zforex

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...

Recent comments from Federal Reserve officials have bolstered the US Dollar (USD). The US Department of Labor reported that new claims for unemployment benefits for the week ending April 13 rose by 212K, consistent with the previous week's revised count (up from 211K) and below the market...

Fed Talk Strengthens Dollar as ECB, BoE Face Different Paths Recent comments from Federal Reserve officials have bolstered the US Dollar (USD). The US Department of Labor reported that new claims for unemployment benefits for the week ending April 13 rose by 212K, consistent with the previous...

US Indices US Stocks Rebound Amid Earnings Season Kickoff and Market Caution US stocks rebounded on Wednesday after the S&P 500 experienced three consecutive days of losses. The resurgence was fueled by gains in material and utility stocks, which each advanced by approximately 1%. In...

On Tuesday, the US dollar index continued its upward trajectory, following a surge on Monday triggered by a strong US retail sales report. In March, retail sales, which reflect consumer spending, increased by 0.7% from February, surpassing expectations. This strong consumer activity contradicts...