The People’s Bank of China announced today that it will lower the foreign exchange risk reserve requirement for financial institutions purchasing foreign exchange via forwards to zero from 20%, effective March 2. The move reverses a September 2022 tightening measure that had been introduced to curb rapid Yuan depreciation and stem capital outflows. At the…
Steven Hatzakis, widely known in the retail trading industry as the Global Director of Online Broker Research at ForexBrokers.com, has formally launched ForexGPT, an AI-native trading platform designed to unify market analysis, trade execution and automation under a structured tool architecture. Rather than positioning itself as a chatbot bolted onto a broker dashboard, ForexGPT is…
Things have gone from bad to worse at Estonia based Retail FX and CFDs broker Admirals Group AS. Admirals has released its unaudited financial results for 2025, indicating that the company’s business (and revenue base) collapsed in the second half of 2025 – and that was after a historically bad first half of the year…
The S&P 500 rally is putting pressure on the greenback as a safe-haven asset. The Labour Party’s defeat in local elections will create problems for the pound. While the market tries to figure out tariffs, EURUSD is rising thanks to US stock indices and improved global trade. According to HSBC, supply chains have been restructured…
Economic sentiment in Europe softened in February, with the Economic Sentiment Indicator falling by 1.0 point to 98.3 in both the EU and the Eurozone. The Employment Expectations Indicator also declined, slipping to 98.5 in the EU and 97.6 in the Eurozone. Both gauges remain slightly below their long-term average of 100. The drop in…
Daily Pivots: (S1) 0.7712; (P) 0.7735; (R1) 0.7751; More…. Intraday bias in USD/CHF remains neutral as consolidation pattern from 0.7603 is still extending. In case of stronger rise, upside upside should be limited by 55 D EMA (now at 0.7828) to complete the pattern. On the downside, below 0.7627 will bring retest of 0.7603. Firm…
Daily Pivots: (S1) 0.8710; (P) 0.8727; (R1) 0.8745; More… Intraday bias in EUR/GBP remains neutral for the moment. On the upside, decisive break of 0.8744 resistance. should confirm that fall from 0.8863 has completed as a correction at 0.8661. Further rise should then be seen back to retest 0.8663 high. On the downside, break of…
Daily Pivots: (S1) 182.42; (P) 183.30; (R1) 184.44; More… Intraday bias in EUR/JPY stays mildly on the upside for the moment. Near term corrective fall from 187.86 could have completed at 180.78. Further rise should be seen back to retest 186.22/86 resistance zone. On the downside, though, below 181.96 will bring another decline to 38.2%…
Cable edged higher on Wednesday and retests the ceiling of near-term range in which the price holds for the third straight day. Double-Doji candle (Mon/Tue) with longer upper shadows points to indecision, as technical studies remain mixed. Rising daily Ichimoku cloud (spanned between 1.3428 and 1.3302) underpins, while diverging daily Tenkan/Kijun-sen after creating a bear-cross,…
Created on February 25, 2026 I like gold at the moment, but we need to see if the previous resistance is going to be held as support. This might be what Tuesday was all about. The gold market has fallen quite a bit during the trading session on Tuesday as we are starting to see…