Archives: FX News

Today's FXStreet Newswire

The latest news that can have the most noticeable market impact

June 25, 2019
IMF: RBNZ’s current monetary policy stance fits subdued inflation conditions
The International Monetary Fund (IMF) came up with its own analysis of New Zealand’s economic conditions and monetary policy ahead of the monetary policy meeting by the Reserve Bank of New Zealand (RBNZ). The global lender holds neutral stand for the Kiwi economy and favors the current monetary policy fitting subdued inflation conditions. Key points:
June 25, 2019
NZD/USD seesaws near 2-week top, all eyes on RBNZ
NZD/USD remains under pressure ahead of the RBNZ. Markets expect a dovish rate statement considering the latest global support for easy monetary policy. The sustained trading above  0.6610 favors the quote’s upside from the technical aspect. Despite trimming some gains on the back of less dovish rhetoric from the Fed policymakers, the NZD/USD still stays
June 25, 2019
Wall Street’s wings clipped on Fed rate-cut-enthusiasm dampener
The Dow industrials ended nearly 180 points lower, down 0.7%. The S&P 500 finished 0.9% lower. the Nasdaq Composite dropped 1.5%. U.S. stocks ended lower after remarks by Federal Reserve officials that dampen the rate-cut enthusiasm spurred up at the last meeting, leaving expectations on the tale of a 50 basis point rate cut for
June 25, 2019
EUR/USD technical analysis: Euro retracing down below 1.1380 resistance
EUR/USD is pulling back down in the near term. The next supports to watch are at 1.1340 and 1.1310 on the way down. EUR/USD daily chart EUR/USD is trading above its main daily simple moving averages (DSMAs) suggesting that the bear trend might be weakening. EUR/USD 4-hour chart The market broke below 1.1380 strong support,
June 25, 2019
S&P500 technical analysis: US stocks start to retrace down from the all-time high
The S&P500 is retracing down after holding near the all-time time. The market can continue to drop towards 2,880.00 and 2,960.00 support.   S&P500 daily chart The S&P500 found resistance below 2,965.00 all-time high. The market erased the profits of the last three trading sessions. S&P500 4-hour chart The stock index is about to test
June 25, 2019
United States API Weekly Crude Oil Stock: -7.55M (June 21) vs previous -0.812M
June 25, 2019
Richmond Fed president Barkin: We want to be ready adjust to a fragile environment
Richmond Fed president Barkin has said that the Federal Reserve want to be ready to adjust to a fragile environment. Key comments (possibly more to come…) We want to be ready adjust to a fragile environment. U.S. business investment has stepped back. Consumer dynamics remain great. FX implications: Earlier in the day, in an interview
June 25, 2019
US Dollar Index technical analysis: DXY correcting up above the 96.00 mark
The US Dollar Index (DXY) bull trend is at risk.  Resistance is seen at the 96.46 and 96.74 levels. DXY daily chart   The US Dollar Index (DXY) broke below 96.46 key support and the 200-day simple moving average (DSMA) putting the bull trend at risk. DXY 4-hour chart   DXY is under pressure below
June 25, 2019
USD/MXN Technical Analysis: Dollar’s rebound faces resistance at the critical 19.25/30
The rally of the Mexican peso following Trump’s announcement two weeks ago of no tariffs to Mexican imports ended at a strong support level and a significant retreat took place afterwards.  Now USD/MXN is offering no clear signals as it trades again, near a critical resistance area but remains below, holding under relevant short-term moving
June 25, 2019
Iran President: Iran is not looking for war with America
Since the Iran President has stated that Iran is not looking for war with America, Trump has been vocal and said he hopes Iran understands the message and added that he thinks everyone takes his threats seriously and that Iran has to let him know when they will be ready to talk. This all follows earlier exchanges over Twitter