Archives: FX News

Today's FXStreet Newswire

The latest news that can have the most noticeable market impact

13:30
December 13, 2018
GBP/USD re-attempts 1.2675 amid no-deal Brexit jitters
No vote on UK PM May’s Brexit deal news negates the euphoria around May’s confidence vote win. But downside appears capped as the US equity futures turn positive; risk-on back in vogue? The GBP/USD pair is seen moving back and forth in a 20-pips narrow range last hours, having failed to sustain the bounce to
13:20
December 13, 2018
ECB: End of QE confirmed – TDS
Richard Kelly, head of global strategy at TD Securities, points out that today’s ECB decision has given green signal for the end of its QE program. Key Quotes “The ECB decision today confirmed our expectations that (1) QE will end this month, (2) forward guidance on rate hikes is unchanged to start some time after
13:20
December 13, 2018
EUR/USD Technical Analysis: Bulls losing the grip ahead of ECB press conference – 1.1320 bear target
EUR/USD daily chart EUR/USD is trading in a bear trend below the 50, 100 and 200-day simple moving averages. The ECB press conference at 13.30 GMT is likely to provide volatility in the forex market.  EUR/USD 4-hour chart EUR/USD bears need to overcome the SMAs cluster near the 1.1360 level. EUR/USD 30-minute chart EUR/USD is
13:20
December 13, 2018
Fed: 25bp hike looming in December – ING
Analysts at ING point out that markets are broadly expecting a 25bp rate rise on Wednesday and they expect the same as the US economy is booming, inflation is at or above the 2% target and the jobs market is finally generating wage pressures. Key Quotes “The outlook for policy in 2019 is more uncertain.
13:10
December 13, 2018
Fed: 2019 rate hikes forecast reduced to two – TDS
Analysts at TD Securities are reducing their forecast for Fed rate hikes in 2019 from three to two as the central bank adopts more of a risk management and data dependent stance, and downshifts to a slower pace of rate hikes next year. Key Quotes “We look for hikes in June and December as our
13:10
December 13, 2018
ECB: It’s the end of QE – ING
Carsten Brzeski, chief economist at ING, points out that the ECB has just announced the end of its net asset purchasing programme (QE). Key Quotes “What looks like pure boredom is, in fact, the result of masterly communication, setting itself on auto-pilot and preparing financial markets. Some might argue that the end of net QE actually
13:10
December 13, 2018
EUR/GBP Technical Analysis: Bulls guarding 200-hour EMA/61.8% Fibo. level confluence support ahead of ECB presser
   •  The cross extended this week's retracement slide from over three-month tops and traded with a mild negative bias for the second consecutive session.    •  The corrective slide now seemed to show some resilience ahead of 61.8% Fibonacci retracement level of the 0.8890-0.9087 latest leg of an upsurge.    •  The mentioned support
13:10
December 13, 2018
Russia Central Bank Reserves $ up to $463.6B in December 7 from previous $462.1B
13:00
December 13, 2018
ECB keeps interest rates unchanged, as widely expected
The European Central Bank (ECB) kept its monetary policy unchanged as expected on Thursday, maintaining the key deposit rate at -0.40%. The main refinancing rate, which determines the cost of credit in the economy, remained unchanged at 0.00% while the rate on the marginal lending facility (the emergency overnight borrowing rate for banks) was held
13:00
December 13, 2018
ECB: Key rates to remain at present levels at least through the summer of 2019
Reuters reports main headlines from the ECB monetary policy statement: Intends to reinvest, in full, for an extended period of time past the date when it starts raising key rates. Key rates to remain at present levels at least through the summer of 2019. In any case, for as long as necessary to ensure continued