Archives: FX News

Today FXStreet Newswires

The latest market news has the most noticeable effect on the price movement of currency pairs.

8:20
August 21, 2018
This time Trump can stop the dollar rally
The dollar fell under pressure after Trump’s interview with Reuters, where he reiterated that he is “not thrilled” by the actions of the Fed and prefers a policy of low interest rates. The dollar index lost 0.7% over the past 24 hours. EURUSD up to 1.1530, the maximum in the last 2 weeks. Previously Trump
8:20
August 21, 2018
Trump laments Fed tightening
President Trump allegedly moans about Fed tightening – sound like anyone else you know? USD weaker against EUR overnight Just a couple of days ago, I remember skimming an article in the Financial Times that began to make a comparison of Donald Trump with President Erdogan. I confess I didn't read it properly as I
8:20
August 21, 2018
Dollar & Asian Markets Wobble After Trump ‘Not Thrilled’ About Rate Rise Path
Asian markets moved lower overnight despite a stronger close on Wall Street. A lack of high impacting economic or market data meant traders continued to focus on Chinese US trade relations ahead of mid-level talks on Wednesday. Market expectations of a major outcome from the talks are being pared back and are ill-founded. The most
8:20
August 21, 2018
GBPUSD Outlook: Extended recovery pressures Fibo barrier at 1.2857
GBPUSD Cable holds in green for the fourth straight day, as softer dollar maintains pound’s positive near-term tone for extension of recovery from 1.2661 (15 Aug low). Today’s rally broke above former bear-channel support line and pressures pivotal barrier at 1.2857 (Fibo 38.2% of 1.3173/1.2661 bear-leg), break of which would generate fresh bullish signal. Momentum
8:10
August 21, 2018
USD looks stretched – TDS
Analysts at TD Securities suggest that the focus this week turns to Jackson Hole and it appears that the FX market is overlooking the Jackson Hole symposium as a market event this week, which we think would be a mistake. Key Quotes “We think it is relevant in the context of extreme sentiment and positioning
8:10
August 21, 2018
IOTA price analysis: IOT/USD prime for gains above $0.50: eToro adds support for IOTA
“At eToro we believe in diversification and we are committed to bringing more cryptoassets onto our platform for our users to invest in,” Yoni Assia CEO at eToro. IOTA buyers must fight for a support above $0.50, although the 38.2% support is poised to halt extended declines. IOTA has maintained an uptrend since the recent
8:10
August 21, 2018
NOK appears supported, SEK stays under pressure – Danske Bank
The Swedish Krona is seen under some pressure in light of the upcoming elections, while its Norwegian counterpart appears supported on the probable hike by the Norges Bank, commented Jakob Christensen, Chief Analyst at Danske Bank. Key Quotes “Within the Scandi universe, we think it most likely that NOK will find support short term as
8:10
August 21, 2018
Gold Descending ZigZag Marks the Downtrend
The Gold has formed a descending zigzag pattern suggesting further bearish move. The POC zone where the sellers might be appears to be  between 1199.25-1205. Rejection from the zone targets 1181 and 1169.70. Only below W L3, the price should resume towards 1154. 1215 needs to hold if bears want to be in a full
8:00
August 21, 2018
Germany’s Hardt: Germany, Europe not manipulating the currency
Germany's CDU member Jurgen Hardt, a key ally of Chancellor Angela Merkel, during an interview with Bloomberg this Tuesday, responded to the US President Donald Trump's accusations and said:    •  Germany, Europe not manipulating the currency.    •  The US has it in its own hands to stabilize the dollar.    •  Germany's trade
8:00
August 21, 2018
EUR/USD neutral, now targets 1.1630 – UOB
FX Strategists at UOB Group have shifted their outlook on spot to neutral from bearish, allowing at the same time a probable test of the 1.1630 region. Key Quotes 24-hour view: “We highlighted yesterday that “a break of the strong 1.1460 resistance is not ruled out but 1.1500 is not expected to come into the