FXTM information and reviews
FXTM
92%
IronFX information and reviews
IronFX
91%
Libertex information and reviews
Libertex
90%
FxPro information and reviews
FxPro
89%
FIBO Group information and reviews
FIBO Group
88%
FXCM information and reviews
FXCM
87%
EUR/USD
1.2021
GBP/USD
1.391
USD/JPY
109.332
USD/CHF
0.9132
USD/CAD
1.2287
EUR/JPY
131.4312

Forex Analysis for 5 May 2021


Forex fundamental analysis studies price movements and changes in the exchange rates in the macroeconomic aspect. This analysis is supposed to answer the main question of any trader: which currency pair is worth choosing to trade, particularly from the long-term prospect point of view. The biggest difference between fundamental forex analysis and technical forex analysis is that the first one is based on the following thesis: the prices on fx market are the reflection of supply & demand, which in their turn depend on the fundamental economy factors. Generally the aim of such analysis is to comprehend and estimate the overall state of the global economy as well as to analyze the economy of the country the financial instruments of which you plan to work with.

Wall Street trembles as Yellen channels her inner Fed chair

Market participants just got a small preview of what could happen when interest rates finally start rising. A wave of selling gripped equity markets yesterday, with the tech sector...

5 May 2021

Dollar choppy, stocks resilient despite ISM miss

The US dollar is still searching for direction. The reserve currency took a hit yesterday in the wake of a softer-than-expected ISM manufacturing survey and another...

4 May 2021

A month-end bid, and rotation out of equities has supported

Covid continues to wreak havoc in parts of Asia, and will keep investors nervous again this week, as India deals with a firestorm of new cases...

3 May 2021

Technical Outlook: DXY Bounces Off 2-Month Lows

After being bruised and beaten by a dovish Federal Reserve on Wednesday evening, the Dollar used today's trading session to nurse its wounds...

30 Apr 2021

US Federal Reserve left the key interest rate unchanged

The US Federal Reserve left the key interest rate unchanged, as well as the volume of bond purchases at the same level. Let me remind that the consensus...

29 Apr 2021

Dovish Fed and big earnings surprises send US stocks to new records

Whoever thought the robust economic figures produced by the US economy over the past few weeks would alter the Fed's thinking, even slightly, was totally mistaken...

29 Apr 2021

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Oil rises as OPEC+ seen sticking to policy despite India COVID surge

Oil prices rose on Tuesday as OPEC+ sources said the producer group would stick to existing plans to boost oil output slightly from May 1, suggesting they do not see...

28 Apr 2021

Wild, wobbly, or whimpering Wednesday?

Asian stocks and US equity futures are mixed as investors brace for the imminent cross-currents today, including Fed Chair Jerome Powell's policy outlook...

28 Apr 2021

Dollar pares losses, stocks muted in wait for Fed

The US dollar was still licking its wounds on Tuesday as it clawed higher in lacklustre trading ahead of the FOMC decision on Wednesday. Although nothing new...

27 Apr 2021

USDX: the growth is considered as a correction

The economic calendar does not contain important macroeconomic releases, so we should not expect a significant increase in trading yet. Of course, attention...

27 Apr 2021

GBPJPY Daily: Bears have thrown down the gauntlet

The GBPJPY currency pair on the Daily time frame, was in an extended uptrend until 6 April when a higher top was recorded at 153.414. Bears then started...

26 Apr 2021

US equity futures edge higher in a busy week for Wall Street

Concerns about the Covid situation, a potential hike in US capital gains tax and overstretched valuations were some of the reasons for the bumpy performance...

26 Apr 2021

US dollar index is stuck in the accumulation zone of 91.00-91.30

Pay attention to the attempts of the index quotes to go beyond the marked price range, but there are no fixes outside it. All this indicates the uncertainty...

23 Apr 2021

US stocks vexed by tax plan

US stocks took a step back on Thursday, amid reports that President Joe Biden could impose a higher capital gains tax rate of 39.6% on individuals earning...

23 Apr 2021

USDX inability to fix above strong resistance level of 91.30

Given the inability of buyers to fix above the technically strong resistance level of 91.30, the risk of development of a more powerful downward wave remains...

22 Apr 2021

Bearish scenario is still in the priority

Despite the ability of buyers to return above the psychological level of 91.00, their activity remains weak. Thus, bearish scenario is still in the priority. The nearest...

21 Apr 2021

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Stocks take a flesh wound

The seemingly unending rise of global stock markets has suffered consecutive days of losses, a jolt to the system for sure but it's probably nothing to write home about...

21 Apr 2021

Sinking dollar lifts other FX boats, Wall Street slips

A bad month for the US dollar keeps getting worse. The reserve currency fell through some crucial support levels across multiple charts yesterday and negative...

20 Apr 2021

How might NFLX share price react to Q1 earnings?

Netflix is set to release its Q1 earnings after US markets close on Tuesday, and it's all about how well the streaming giant can pick up from where it left off in 2020.

20 Apr 2021

US Dollar stands at One-Month Lows

Asian equity markets began the week with mostly cautious gains and US equity futures marginally pulled back from record highs. European stock markets...

19 Apr 2021

Slow start to a busy week

Asian shares were mostly higher on Monday while US equity futures are trading mixed after the S&P 500 and Dow Jones closed at all-time highs on Friday...

19 Apr 2021

Pricing in a solid global recovery Again

Treasuries posted strong and very surprising gains, overlooking robust data and a solid rally on Wall Street. It was something of a buy-the-fact trade as hefty...

16 Apr 2021

US, China show how it's done

Asian stocks and European equity futures are little changed, as global investors continue monitoring the latest signs over the global economic recovery...

16 Apr 2021

Robust earnings fail to drive equities higher

The US earnings season kicked off yesterday with the largest US banks proving once again they can top analysts' expectations by wide margins...

15 Apr 2021

Thursday's US earnings and economic data in focus

Just to get us up to speed, there were several eye-catching events in the US markets on Wednesday: Coinbase's highly-anticipated direct listing on the Nasdaq...

15 Apr 2021

World stocks hit record high

Treasuries erased early gains, but bond markets across Asia remained supported, after investors shrugged off the hotter than expected US inflation number...

14 Apr 2021

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Markets position for key US inflation

Investors position for key US inflation data later in the day. The start of the earnings season and reflation trades weighed on Wall Street yesterday...

13 Apr 2021

USDX quotes in the accumulation zone of 92.00-92.15

Pay attention to the compression of USDX quotes to the accumulation zone of 92.00-92.15. The price chart shows that all the highs are lower than the...

13 Apr 2021

Earnings season to determine the fate of the bull market

Ever since the US stock market bottomed on 23 March last year, equities have been driven by brighter global growth expectations supported...

12 Apr 2021

Stocks post record highs galore

US equity futures are pushing higher at the time of writing, amidst the risk-on party in global equities. The MSCI ACWI index, which measures stock...

9 Apr 2021



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