Forex & Financial news and FxPro analytics

This year is on track to be the second hottest on record, behind 2016, the World Meteorological Organization (WMO) said on Wednesday. Five data sets currently place 2020, a year characterised by heatwaves, droughts, wildfires and raging hurricanes, as the...

After an impressive run to a new all-time high on Dec.1, Bitcoin (BTC) price appears to have entered a short consolidation phase as the price ranges between $18,200 and $19,500. The 1 and 4-hour charts show the price compressing into...

Oil prices fell on Thursday as producers including Saudi Arabia and Russia locked horns over the need to extend record production cuts set in place in the first wave of the COVID-19 pandemic. Brent crude was down 15 cents, or...

The dollar slid to a 2-1/2-year low against a basket of major currencies on Thursday as investors wagered that more economic stimulus from Washington and the expected start of COVID-19 vaccinations would support riskier assets. While U.S. legislators have failed...

More than 100,000 people are currently in hospitals across the U.S. sick with Covid-19, as the pandemic pushes doctors, nurses and other health workers to their limits. The current number of hospitalized patients underscores the scope and severity of the...

With the recent spate of bond defaults in China, investors should be looking to put their money into Chinese central government bonds which are “unlikely to default,” according to an economist from research firm TS Lombard. Last month, a series...

As bitcoin continues to set new price highs, its network is also seeing record-breaking user activity. As of Tuesday, there were 432,451 “active entities” – wallet clusters controlled by a single participant that sent or received funds in a 24-hour...

Markets are right to be optimistic about the global economic outlook in 2021, with growth returning and inflation rising below central bank targets, according to Barclays Head of Economics Research Christian Keller. In its 2021 outlook, the British lender has...

New employment data from the ADP for November has spurred fears that the labour market is losing momentum. The private sector added 307K new jobs, which is noticeably weaker than the 433K expected and 404K a month earlier. So instead...

• GBPCHF broke round support level 1.2000 • Likely to fall to 1.1800 GBPCHF recently broke the round support level 1.2000 (low of the previous minor impulse wave (i)) intersecting with the 50% Fibonacci correction level of the previous sharp...

• USDCHF broke round support level 0.9000 • Likely to fall to 0.8900 USDCHF recently broke the round support level 0.9000 (which has previously reversed all sharp downward impulses from the end of August – as can be seen from...

• EURJPY broke pivotal resistance level 125.00 • Likely to rise to 127.00 EURJPY recently broke above the pivotal resistance level 125.00 (which has been reversing the price from the start for October as can be seen below). The breakout...