FIBO Group - Forex Forecasts

FIBO Group
Pound breaks through $1.30

The British pound broke through the $1.30 mark today, its highest level in 8 months and some...

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Euro set to strengthen

The Euro is trading slightly lower against its US counterpart in today’s trading after rallying for the past few days...

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Gold to remain supported

The gold price has levelled off today after rising for the pass 5 trading...

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Australian dollar fails to find direction

The Australian dollar remains steady today after a round...

Australian dollar may hit US65c

The Australian dollar’s run as one of the best performing currencies this year may be coming to an end on the back of weaker commodity prices and rate cut expectations over the past week. At 7.29pm (GMT) the Aussie dollar was trading at US75.59c...

Gold may benefit from Trump

The gold price is powering ahead today, racking up its third consecutive day of gains as traders position themselves for a speech tonight by US President Donald Trump...


Golds rally may falter

The gold price has racked up its 2nd straight day of gains today on the back of US dollar weakness and doubts over an interest rate hike next month from the US Federal Reserve...

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Will France exit the euro?

The Euro has come under pressure late in the European session today, after analysts warned of the huge costs...

Oil ma pull back to $40

The oil price fell for the first time in 4 days today as skepticism creeped in over some OPEC member’s commitment to keep to their end of the deal and cut production...

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Oil may remain above $50

The Oil price continued to push higher today reaching its highest level in over a year with some predicting that the OPEC deal reached yesterday was a game changer and further gains are expected...

Euro may hit parity with US dollar

The Euro was under further pressure today against the US dollar on the back of political instability in Italy and, bringing it closer to parity with its American counterpart...

Gold awaits CPI figures

The gold price briefly rallied in early trading on Friday on the back of weak US data but has since given up its gains as investors gear up for next week’s interest rate decision from the US Federal Reserve...


Oil price freeze speculation?

The oil price rose sharply today as Russia and Saudi Arabia agreed to start discussions on joint cooperation which may include a freeze on prices in the nearest future...

Electoral utopia will affect the US dollar exchange rate

The lull in the financial world seems to be alarming. For about half a month, the quotations of the major indexes have not changed significantly...

Gold to hit $1,500 ?

The gold price is trading slightly higher today as another major bank joined calls that the precious metal is heading higher in the nearest future...

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Gloomy outlook for oil price

The price of oil continued to fall again today as expectations surfaced on more drilling activites from the US as well as a general oversupply of petroleum products on the market...

Euro keeps riding high

The Euro has continued its strength today breaking through the US1.13.00 mark still riding high after yesterday’s dovish statement from the US Federal Reserve...

Australian dollar higher after strong data

The Australian dollar is trading higher today after a round of solid local data as well as some promising figures out of China lent some support to the local currency...

  


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