FX News

Today's FXStreet Newswire

The latest news that can have the most noticeable market impact

October 18, 2019
Commodities wrap up: Mixed geopolitical headlines keep commodities in focus
Commodity traders looking for more clarity on trade wars. Gold and Silver are stuck below the 21-DMAs, with technicals leaning bearish. The price of oil is trading within familiar ranges, closing back below the $54 handle.  Commodities were mixed in the week, although the price of oil and precious metals were on the back foot,…
October 18, 2019
Wall Street plunges and the DJIA ends down -0.9%
The S&P 500 index ended 0.4% lower at 2,986. The Nasdaq Composite Index finished 0.8% lower at 8,090. The DJIA ended lower by 255 points, or 0.9%, at 26,770. US benchmarks ended on the back foot, barley off from their lows on Friday while earnings took the limelight as well as a pluge in the shares of Johnson…
October 18, 2019
USD/JPY technical analysis: Greenback ends the week below the 108.50 level
This week USD/JPY consolidated the October bull run.  The level to beat for bears is the 108.16 support.    USD/JPY daily chart     USD/JPY is trading in a bear trend below its 200-day simple moving average (DSMA). The spot is currently retracing down after the October bull run.    USD/JPY four-hour chart     USD/JPY is…
October 18, 2019
AUD/USD technical analysis: Aussie ends the week at a stone throw from the 100-day SMA
The Aussie is trading at weekly highs into the Friday close.  The level to beat for bulls is the 0.6860 level, followed by 0.6878 resistance.    AUD/USD daily chart    The Aussie is trading in a downtrend below its 100 and 200-day simple moving averages (DSMAs) on the daily chart. However, in October, the market…
October 18, 2019
EUR/USD extends weekly gains above 1.1150 as US Dollar weakens
EUR/USD posts biggest weekly gains since June and highest close since August.  Key events ahead: Brexit vote (Saturday) and ECB meeting (Thursday).  The EUR/USD pair rose broke higher during Friday’s American session and reached the highest level since late August at 1.1162. Near the end of the week, it is hovering around 1.1160, posting the…
October 18, 2019
GBP/USD technical analysis: Sterling ending the week flirting with the 1.3000 handle
The Cable is breaking to new daily highs to 1.2964 after the London close.  The level to beat for bulls is the 1.3000 handle.    GBP/USD daily chart     The Sterling, on the daily chart, is surging above the main daily simple moving averages (DSMAs). GBP/USD is trading at levels not seen since mid-May…
October 18, 2019
BoC’s BOS unlikely to make a strong case for a near-term cut – TD Securities
Previewing the Bank of Canada's (BoC) Business Outlook Survey (BOS) that will ve released on October 22nd, "We see a mixed backdrop for Tuesday's BOS; positive GDP forecast revisions should support future sales, but elevated trade uncertainty will weigh on investment intentions," said TD Securities analysts. "Softer inflation expectations would also raise concerns though recent strength…
October 18, 2019
NY Fed’s GDP Nowcast fell to 1.9% for Q3
According to the Federal Reserve Bank of New York's latest Nowcasting Report published on Friday, the United States' (US) economy is expected to expand by 1.9% in the third quarter of the year and 1.1% in the last quarter. "News from this week's data releases decreased the nowcast for 2019:Q3 by 0.1 percentage point and decreased the…
October 18, 2019
NZD/USD: Despite RBNZ rate cuts, it is oversold – CIBC
Analysts at CIBC, forecast the NZD/USD pair will trade at 0.64 during the fourth quarter and at 0.66 in the second quarter of 2020.  Key Quotes:  “NZD/USD has fallen rapidly since July, and looks to have reached cyclical lows at 0.62 in early October. The swing lower was largely due to the RBNZ, who cut…
October 18, 2019
US: A quiet week in terms of US data ahead, before the next FOMC meeting – Danske Bank
Next week, the economic calendar for the US includes housing data, Consumer Sentiment Index, PMIs and the Durable Goods Orders report. Analysts at Danske Bank expect core capex data to come out slightly weaker, but Markit PMI to remain largely unchanged. Key Quotes:  “We have a quiet week in front of us in terms of…