FX News

Today's FXStreet Newswire

The latest news that can have the most noticeable market impact

January 28, 2020
USD/CAD flat-lined below 1.3200 mark, moves little post-US data
USD/CAD consolidated the recent gains to multi-week tops. Mixed US Durable Goods Orders failed to provide any impetus. Recovering oil prices further collaborated towards capping gains. The USD/CAD pair remained confined in a narrow trading band below the 1.3200 round-figure mark and moved little post-US macro data. Data released this Tuesday showed that US Durable…
January 28, 2020
US: Durable Goods Orders rose 2.4% in December vs. 0.5% expected
Durable Goods Orders rebound in December following November's drop. US Dollar Index clings to daily gains above 98 after data. Durable Goods Orders in the United States rose 2.4% on a monthly basis in December following November's decline of 3.1% (revised from 2%), the data published by the US Census Bureau showed on Tuesday. This…
January 28, 2020
USD/CHF advances to 0.9720 on broad USD strength, recovering sentiment
10-year US Treasury bond yield erased early losses. Wall Street's main indexes look to open decisively higher. US Dollar Index climbs to fresh multi-week highs above 98. The USD/CHF dropped to 0.9680 area during the European trading hours but staged a rebound ahead of the American session and was last seen trading at 0.9720, adding…
January 28, 2020
GBP/USD New York Forecast: Pound trading at five day low vs. greenback
The bullish breakout from the triangle pattern is failing. The level to beat for sellers is the 1.2973 level.   GBP/USD daily chart    The breakout from the triangle formation looks like it is failing below the 1.3100 figure. The spot broke below the 50-day simple moving average (SMA) and is nearing and ascending trendline.  …
January 28, 2020
Time to panic? – Rabobank
According to Piotr Matys, Senior Emerging Markets FX Strategist at Rabobank, the CEEMEA currencies remain driven by the latest news regarding China’s coronavirus. Key Quotes: “In the early hours of trading we witnessed signs of stabilisation following yesterday’s sell-off in stocks (the S&P 500 Index plunged 1.57%). However, this proved short-lived as travel restrictions announced…
January 28, 2020
XAU/USD Price Analysis: Retreats further from 3-week tops, back near $1570 level
Gold turns lower sharply amid improving risk sentiment, pickup in the US bond yields. Sustained weakness below 50-hour SMA might have prompted some technical selling. Gold finally broke down of its consolidative trading range held over the past 24-hours or so and dropped to fresh session lows, around the $1572-71 region in the last hour,…