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The FXGT Blog
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Market Analysis
29 March 2024
USD/CAD Rejects $1.3620 for the Fourth Time During March
The pair has been navigating a broad sideways pattern over the past month, repeatedly testing but not breaking the upper limit of the large trading range at $1.3620. This...
28 March 2024
UK Data Confirms Economy Entered Recession Last Year
The Office for National Statistics reported a contraction of 0.1% in the UK's GDP in the third quarter and a 0.3% shrinkage in the fourth quarter.
28 March 2024
Canadian GDP and US Q4 Figures to Stir USD/CAD Volatility Today
The spotlight is on today's economic calendar, featuring the Canadian GDP report and the final US Q4 GDP figures, among other data.
27 March 2024
US Economic Data Sets the Stage for NZD/USD Volatility
Following resistance at $0.62 in early March, NZD/USD has declined by 3.5%, indicating a renewed downtrend as the New Zealand economy faces a technical recession from con...
27 March 2024
A Historic Breach or Retreat? USD/JPY in Critical Resistance Zone
The USD/JPY pair has surged, nearing the critical ¥152 level, a resistance not breached since the early 1990s. This level has historically been a point of contention, wit...
27 March 2024
Bitcoin Technical Overview
Bitcoin has experienced a significant surge, increasing by almost 14% over the past week. This upward trend marks a significant turnaround following the recent correction...
27 March 2024
Crypto News Catchup
The Securities and Exchange Commission has deferred its decision on the approval of Grayscale's Ethereum Futures Exchange-Traded Fund (ETF) until the end of May
26 March 2024
WTI Crude Futures Reach $82 driven by Supply Disruption Fears
WTI crude futures reached $82 per barrel, elevated by ongoing supply concerns. The bullish momentum is highlighting the market's sensitivity to supply disruptions. Ukrain...
26 March 2024
The Week Ahead
Markets in the US, UK, and Europe will be closed for Good Friday, yet the calendar still features significant market-moving events. The upcoming week features significant...
26 March 2024
Weekly Market Recap
The Federal Reserve left the fed funds rate unchanged and maintained projections for three interest rate cuts this year. The announcement drove Wall Street to reach new r...
22 March 2024
AUD under pressure by Strong US Data and Chinese Yuan Weakness
The Australian dollar dropped to $0.6510, influenced by a significant decline in the Chinese yuan amid expectations of policy easing in China.
22 March 2024
US Oil Retesting Support of Previous Breakout level.
Yearly and March Performance: US crude oil prices have risen by 12% this year to reach a new four-month high, with a 3% increase since March's start,
21 March 2024
Swiss National Bank's Unexpected Rate Cut Drives USD/CHF to Multi-Month Highs
SNB Responds to Economic Slowdown: In a surprising move, the Swiss National Bank reduced its interest rate by 25 basis points
21 March 2024
US Stocks Rally as Dollar Dips After Fed Signals Dovish Outlook
Dollar Weakens After Fed Meeting: The dollar experienced a broad decline as the U.S. Federal Reserve upheld its projections for interest rate cuts
20 March 2024
EURGBP remains in a consolidation phase, trading below key moving averages.
The EUR/GBP pair's sustained position below key daily moving averages highlights ongoing bearish momentum.
20 March 2024
UK Inflation Drops Below Forecasts
February's CPI report showed inflation at 3.4%, marking the lowest rate in over two years and slightly under the anticipated 3.5%.