FX News

Today's FXStreet Newswire

The latest news that can have the most noticeable market impact

December 6, 2019
EUR/USD has one more resistance line before it can advance more quickly – Confluence Detector
EUR/USD has been rising moderately but seems hesitant ahead of the Non-Farm Payrolls. What's next?  The Technical Confluences Indicator is showing that euro/dollar faces fierce resistance at 1.1107, which is a dense cluster of lines including the Fibonacci 61.8% one-month, the Bollinger Band 15min-Lower, the BB 4h-Upper, the Simple Moving Average 50-15m, the SMA 10-1h, the BB 15min-Middle,…
December 6, 2019
Australia: Weakness likely to persist – Standard Chartered
Chidu Narayanan, economist at Standard Chartered, points out that Australia’s GDP growth slowed further in Q3 to 0.4% QoQ on slowing consumption and declining investment. Key Quotes “In y/y terms, growth picked up marginally to 1.7% from 1.6% but remains well below trend growth of c.3%. Government spending was the only source of strength in…
December 6, 2019
US: Non-farm payrolls likely to increase by 200k in November – TDS
Analysts at TD Securities are expecting the US Nonfarm payrolls to increase by a solid 200k in November following the above-consensus 128k October print. Key Quotes “The headline print is benefiting from a temporary boost in job gains in the goods sector, which should rebound by around 50k —a bounce-back from last month's large decline…
December 6, 2019
USD/IDR Technical Analysis: Bearish Marubozu keep sellers hopeful
USD/IDR fails to recover the previous day’s losses. Multiple rising trend lines on the Bears’ radar. Buyers will wait for entry beyond the monthly top. USD/IDR fails to hold onto recovery gains while trading around 14,030 ahead of Friday’s European session. That said, the pair portrayed a bearish candlestick formation as it dropped heavily on…
December 6, 2019
Forex Today: Markets on a wait and watch mode ahead of US NFP, trade jitters continue
Friday’s Asian session repeats the ordinary tune of inaction ahead of the US employment data. Also increasing the dormancy was a lack of major data/events amid no one believing in the United States (US) diplomats even if they’re positive on the phase-one deal with China. Dollars of Australia and New Zealand turned out to be…
December 6, 2019
Eurozone: Industrial Production and German politics in focus – TDS
Analysts at TD Securities are looking for Eurozone’s IP to come in flat m/m in October, just a hair softer than consensus. Key Quotes “Headline into the weekend, we'll be keeping an eye on news from Germany's SPD conference that begins today, where Walter-Borjans and Esken are expected to be formally elected as the new…