Free Forex Signals

GBP/USD stays at around 1.2150. Economists at Scotiabank expect the pair to hold above the 1.20 level.

More sideways range trade in the near term

“Cable is holding in about the middle of the past week’s range between support at 1.2090/00 and resistance at 1.2240/50.”

“Trend signals are mixed and weak across the shorter-term studies, suggesting more sideways range trade in the near term.”

“Broader trends suggest some modest downside risk as spot corrects the sharp rise from the Sep low but sub-1.20 dips are likely to remain well supported.”

USD/JPY stays below 133.00 after BOJ-inspired drop

USD/JPY continues to trade at fresh multi-month lows below 133.00 during the European session on Tuesday. The BOJ’s unexpected tweak to its yield curve control strategy triggered a strong rally in the Japanese Yen, causing the pair to suffer heavy losses.

USD/JPY News 

EUR/USD clings to modest gains above 1.0600 ahead of US data

EUR/USD seems to have steadied above 1.0600 heading into the American session on Tuesday. Ahead of the Housing Starts and Building Permits data from the US, the broad-based US Dollar weakness helps the pair stay in positive territory.

EUR/USD News 

GBP/USD rises above 1.2150 despite risk aversion

GBP/USD is recovering ground above 1.2150 in the European session. Cable extends recovery, as the US Dollar loses further ground across the board. Markets remain unnerved amid the surprise BoJ policy move, spiking up US Treasury yields. 

GBP/USD News 

Gold price surges past $1,800 amid continued US Dollar sell-off

Gold price is extending its rebound above $1,800, as the US Dollar sell-off intensifies in tandem with the USD/JPY pair following BoJ Governor Kuroda’s presser. The bright metal ignores the rally in the US Treasury yields. US Housing data coming up next.