FOREX.com - Forex Forecasts

The US jobs report for January is set to be released on Friday morning, just two days after the Federal Open Market Committee (FOMC) announced its decision...

Friday, January 20, 2017 will mark the historic inauguration of what promises to be a highly unconventional US...

As the world continues to watch US President-Elect Donald Trump prepare for his January 20th inauguration, key financial markets....

Crude oil prices surged a huge $3 dollars or 5% higher at the Asian open with Brent briefly trading north of $57 and WTI above $54 a barrel before pulling back slightly...

There are tentative signs that crude oil prices could bounce back today after falling for 5 consecutive and 9 in the past 11 days. As well as oil prices being oversold, bearish speculators may reduce their exposures ahead of the weekend...

The bad news for crude oil began recently after doubts started emerging with regard to a proposed OPEC deal to cut oil production. Partly as a result of these doubts, crude oil prices for the past two weeks have virtually been in a state of free fall...

Key financial markets, most notably with respect to equities and the US dollar, have felt increasing pressure and heightened volatility in recent days as several primary risk events draw ever closer...

With the dust having settled after Wednesday final US presidential debate of the 2016 campaign between Donald Trump and Hillary Clinton, the results have become rather apparent...

As of this writing, the current analysis of the electoral college map is predicting around 273 votes for Clinton against 186 for Trump, with 270 votes required to win the presidency...

The market’s initial response to the US presidential election debate overnight was a clear sigh of relief. The Mexican Peso, which had hit a record low against the dollar just the day before, surged higher, as too did the Canadian dollar...

It hasn't been a great start for global equities in this last week of September, with European indices dropping between 1.0 to 1.5 per cent during Monday’s morning session, mirroring a similar performance in Chinese and Japanese markets overnight...

The price of gold extended its rebound modestly on Thursday after the US Federal Reserve provided some key signals on Wednesday that, despite a considerable probability of one Fed rate hike by the end of this year...

Yesterday we looked at a long-term chart of the EUR/USD and highlighted the fact that the Fibre was testing a key resistance zone in the 1.1320-65 area (old support, underside of a broken bullish trend and 61.8% Fibonacci level)...

The official weekly crude oil inventories report from the US Energy Information Administration (EIA), released this afternoon, has confounded expectations in a positive way and oil prices have correspondingly surged to their best levels since early July...

The outcome of Thursday historic EU referendum, in which nearly 52% of UK voters opted to leave the European Union, stunned markets globally in its immediate aftermath on Friday morning...

During the gathering of central bankers and finance ministers at the G7 meetings in Japan on Saturday, the US reiterated warnings to its host against intervening to weaken the yen. In the weeks prior to the meetings...

Gold and silver prices have taken a big plunge on the back of falling bond prices and rallying US dollar since the release of the FOMC’s last policy meeting minutes on Wednesday and the accompanying hawkish commentary from several Fed officials...

This week has seen a renewed upsurge for crude oil prices sparked by several unexpected events and news that have helped alleviate ongoing oversupply concerns, at least temporarily...

The EUR/USD has finally ended a run of six consecutive down days. So, is it about to resume its recent upward trend? Well, this will depend to some degree on the outcome of the upcoming data releases...

Japanese government officials have been at it again, issuing ominous warnings this week concerning the country’s preparedness to intervene in its objective to weaken the recently strengthening yen...

The pound has suffered a hat-trick of bad news this week as the latest Purchasing Managers’ Indices (PMI) for all three major sectors of the UK economy disappointed expectations...

This may be a dreaded month for the equity market investors and so far it is proving that way due to some really disappointing corporate earnings results, but crude oil is having an equally frightening start too...

After the Federal Reserve kept US interest rates unchanged as expected on Wednesday and reiterated its consistently cautious stance with regard to future rate increases...

Precious metals are surging across the board, with silver and now platinum looking particularly bullish. As we reported on Tuesday, the pressure has been building for precious metals like silver to explode higher in recent months...

The long wait for the much-anticipated Russia-OPEC meeting is almost over. The general feeling is that an agreement will be reached on Sunday in Doha to freeze oil production at January’s levels, with or without Iran participation...

The March Non-Farm Payroll report will be released tomorrow at 8:30 EST (13:30 GMT) with expectations centered on a headline print of 206 after last month’s strong 242k reading...

It has been an exceedingly slow start to the week with most of Europe out of the office for an extended holiday weekend, but trade is starting to pick up modestly heading into the US session...

WTI crude oil fell on the back of data from the US Department of Energy which showed US oil stockpiles rose by a sharp 9.4 million barrels last week. This more or less confirmed the data that was released by the American Petroleum Institute (API) the night before...

Crude oil, copper and to a lesser degree precious metal prices have all rallied at various points this past week. It will be interesting to see if their good run of form will continue in the new week...

As we noted in yesterdays FOMC Preview report, any Fed fireworks wouldnt come from the monetary policy decisionper se, but rather how today meeting shaped the conversation around the timing of the next rate hike in the coming months...