Archives: FX News

Today's FXStreet Newswire

The latest news that can have the most noticeable market impact

23:50
June 25, 2019
WTI technical analysis: Capped below the daily 200-Experiential Moving Average
The price of a barrel of oil, (WTI), was capped below the daily 200-Experiential Moving Average on Tuesday in a consolidation of the 18th June rally. On the downside, bears can target back down to the 200 weekly EMA (last week's low) and the 61.8% Fibo around the 52 handle. Lower down, there are prospects for a
23:40
June 25, 2019
Forex today: Greenback surges on short-covering following less dovish that expected Fed speak
Short-covering in the greenback sees space back on the 96 handle in the DXY. US 2 year treasury yields jumped from 1.70% to 1.76%. FX overnight was friendly for the Dollar that witnessed short covering across the board as the Fed officials dampened down the rate hike hysteria with various comments throughout the New York
23:40
June 25, 2019
USD/IDR technical analysis: Pullback from 100-DMA highlights near-term support-line, 23.6% Fibo.
100-DMA limits USD/IDR upside off-late while a 20-week old ascending trend-line confines the quote’s declines. 23.6% Fibonacci retracement of current year movement adds support to the downside. Having registered another failure to cross 100-day moving average (100-DMA), USD/IDR drops back to 14,125 during early Wednesday in Asia. An upward sloping trend-line since February start near
23:20
June 25, 2019
AUD/JPY technical analysis: Choppy inside ascending triangle
Short-term rising triangle portrays the AUD/JPY pair moves. Steady RSI indicates less momentum unless either side breakouts. With little momentum inside a week-long ascending triangle formation, the AUD/JPY pair takes the rounds to 74.60 during the early Asian session on Wednesday. Not only immediate technical formation but lack of change in the 14-bar relative strength
23:10
June 25, 2019
USD/CAD on the bids near 1.3185 amid China-Canada trade disturbances
Investors sense fresh trade tussle as China halts all meat imports from Canada. Early-month low near 1.3242 caps latest recovery, highlights 1.3150 support. With China blocking the Canadian meat from entering its land, the USD/CAD pair takes the bids near 1.3185 during the early Asian session on Wednesday. Reuters reports that the Chinese embassy in
22:50
June 25, 2019
Trade wars: Chinese exporters warn that their business is growing at its slowest pace in three years
The Chinese government is already moving more quickly towards outright economic stimulus. A survey suggests that economic conditions are weakening further. The Financial Times has reported that Chinese exporters have warned that their business is growing at its slowest pace in three years as the trade war takes a greater toll.  Key notes from the
22:40
June 25, 2019
Chinese Embassy confirmed that China has halted Canadian meat imports
Chinese Embassy in Canada has confirmed that China has halted Canadian meat imports. USD/CAD is trading 20 pips higher on the Asian sessions between 1.3164 and 1.3186. The Chinese Embassy in Canada has confirmed that China has halted Canadian meat imports after pork was found with ractopamine residue. This is weighing on the Loonie lifting Funds. USD/CAD
22:40
June 25, 2019
AUD/USD remains below 50-DMA despite recent recovery
The shift in Fed policymakers’ comments drives the AUD/USD off-late. Lack of economic data from Australia diverts market attention to politics/US statistics. 50-DMA continues to limit the pair’s near-term upside towards 0.7000 round-figure. Even after recovering some of the latest losses during early-day, the AUD/USD pair still trades beneath 50-day moving average (50-DMA) as it
22:20
June 25, 2019
Fed’s Bullard: Thinks 2 rate cuts by year end would provide a soft landing
Fed's Bullard, who shook the markets to their core earlier on the following his comments that argued a 50 bp cut would be too much in July, has now said that he thinks 2 rate cuts by year-end would provide a soft landing. More from Bullard: If Fed does cut rates in July, he does not feel
22:00
June 25, 2019
Richmond Fed President Barkin: Don’t know whether rate cut or cuts will be needed this year
Adding to his previous comments, the Richmond Fed President Thomas I. Barkin recently said that the inflation expectations are very anchored and he doesn’t know more about the need for a rate cut or rate cuts. Key Comments: There is a risk the US talks itself into a recession, but sees no sign that is