Forex & Financial news and FxPro analytics

Earlier we urged traders not to attach too much importance to rising jobless claims, but with the very weak retail sales report today we now have a more alarming signal of a waning US recovery. In December, headline sales fell...

• CADJPY reversed from resistance level 82.00 • Likely to fall to 81.00 CADJPY recently reversed down from the key resistance level 82.00 (former monthly high from December – which stopped the previous minor impulse wave (i)). The downward reversal...

• USDCAD reversed from pivotal support 1.2635 • Likely to rise to 1.2830 USDCAD recently rose sharply from the pivotal support 1.2635 (which stopped the previous minor impulse wave (i) in the middle of December), intersecting with the lower daily...

• EURJPY broke key support level 125.800 • Likely to fall to 125.00 EURJPY today broke the multi-candle support level 125.800 (which reversed the price multiple times in the middle of December). The breakout of this support level 125.800 accelerated...

• GBPUSD reversed from resistance level 1.3700 • Likely to fall to 1.3500 GBPUSD recently reversed down from the key resistance level 1.3700 (which has been reversing the price from the end of December of 2019) – strengthened by the...

• Motorola reversed from powerful resistance level 175.00 • Likely to fall to 170.00 Motorola recently reversed down with the daily Shooting Star from the powerful resistance level 175.00 (which has been reversing the price from the middle of October)...

As prices for bitcoin and other cryptocurrencies continue to surge this year, many traders are looking for any indicator for when – or if – the bull market will come to an end. Some are convinced they have the answer:...

The incoming Biden administration’s plan to flood the U.S. economy with trillions of dollars could ignite the next leg of the Bitcoin (BTC) bull market, as more investors seek refuge from a crumbling United States dollar. Axios, an Arlington-based news...

Stocks declined in the U.S., Europe and Asia as President-elect Joe Biden’s much-anticipated $1.9 trillion Covid-19 relief plan came under scrutiny. The dollar pushed higher and Treasury yields declined. The S&P 500 fell for a second day, with the energy...

Global shares stumbled on Friday as hopes of a fiscal boost from a $1.9 trillion U.S. stimulus plan were smothered by the prospect of stricter lockdowns in France and Germany and a resurgence of COVID-19 cases in China. European stocks...

A British man who accidentally threw out a hard drive with a trove of bitcoin on it is once again urging local city officials to let him search for it in a landfill site. James Howells, a 35-year-old IT engineer...

Pfizer will temporarily reduce the number of doses of its coronavirus vaccine being delivered to Europe, according to the Norwegian Institute of Public Health. The authority said in a statement released Friday that deliveries of the Pfizer-BioNTech vaccine would be...