Archives: FX News

Today's FXStreet Newswire

The latest news that can have the most noticeable market impact

4:00
August 19, 2019
GBP/JPY technical analysis: Looks north with inverse head-and-shoulders breakout on 1H
GBP/JPY's hourly chart shows an inverse head-and-shoulders breakout. The breakout is backed by a bullish reading on the daily chart indicator and has opened the doors to 131.00. GBP/JPY is currently trading at 129.27, representing marginal gains on the day,  and could rise to 130.00 in a day or two, as short duration charts are
4:00
August 19, 2019
Australia: Bond market to underperform on rallies and outperform on sell-offs – ANZ
The analysts at Australia and New Zealand Banking Group (ANZ) offer their take on the Australian bond market performance. Key Quotes: “A mixed data picture emerged this week. Employment growth was strong while private sector wage growth disappointed and the NAB Business Conditions Employment index fell. Even so, this is not a domestic economic backdrop
3:30
August 19, 2019
Gold technical analysis: Under pressure after bearish outside day, eyes sub-$1,500 levels
Gold is flashing red after Friday's bearish outside day candle. The 4-hour chart shows the rising channel breakdown and bearish indicator divergence. Gold is currently trading at $1,508 per Oz, representing a 0.29% drop on the day. The yellow metal created a bearish outside day candlestick pattern on Friday, which occurs when the trading range
3:30
August 19, 2019
USD/JPY technical analysis: 4-day long support-line caps immediate declines
USD/JPY keeps trading above four-day-old trend-line. 4H 100MA, two-week-old resistance-line restrict near-term advances. Despite pulling back from 106.50, USD/JPY remains above immediate support-line while trading near 106.35 during early Monday. While 106.50 acts as immediate upside resistance, buyers will be more concerned about 106.83/85 confluence including two-week long descending trend-line and 100-bar moving average on
3:20
August 19, 2019
Malaysian economy beats expectations with 4.9% 2Q GDP growth – ING
Despite upbeat Malaysian Q2 GDP growth numbers, the ING analysts still expect the central bank of Malaysia to cut the interest rates this year. Key Quotes: “Firmer growth, low inflation, and a healthy external payments position – all are coming together in support of positive investor confidence in the economy in the current global economic
3:00
August 19, 2019
Germany’s Scholz: Germany has fiscal muscle to counter next crisis – Reuters
Reuters reports the recent optimistic comments from Germany’s Finance Minister Olaf Scholz delivered at a government “open day” news conference on Sunday, in the face of increasing recession risks. Key Headlines: The debate about debt-financed spending but said a state should live within its means in economic good times, not least because this meant it
3:00
August 19, 2019
RBA QE probability now 40% – Nomura
Analysts at Nomura expect the Reserve Bank of Australia (RBA) to cut rates by 25 basis points in November 2019 and February 2020 and put the probability of the central bank starting a quantitative easing program at 40%. The RBA said earlier this month that zero interest rates and quantitative easing are unlikely to be
2:40
August 19, 2019
AUD/USD: Sidelined despite the rise in Aussie 10-yr bond yield
AUD is finding no love despite the uptick in the Aussie 10-year yield. Trade tensions are likely capping the upside in the AUD. AUD/USD has been restricted to a narrow range since Aug. 8. AUD/USD is currently trading unchanged on the day around 0.6777, having hit a high of 0.6788 a few minutes before press
2:30
August 19, 2019
US dataflow continue to support the case for Fed’s dovishness – ANZ
In the view of the analysts at Australia and New Zealand Banking Group (ANZ), Friday’s downbeat US economic releases back the case for more dovishness from the Federal Reserve (Fed) in the coming months. Key Quotes: “US housing starts fell 4% in July (to 1.19m saar) marking a post-November 2016 low. Housing starts have now
2:30
August 19, 2019
Japan manufacturers turn pessimistic for first time since April 2013 – Reuters Tankan Survey
According to the monthly Reuters Tankan survey, the sentiment around the Japanese manufacturers turned bearish for the first time since April 2013 in August amid escalating US-China trade war. Key Findings: “The monthly poll, which tracks the Bank of Japan’s (BOJ) closely-watched Tankan quarterly survey, found manufacturers’ mood slid for a third straight month to minus