Archives: FX News

Today's FXStreet Newswire

The latest news that can have the most noticeable market impact

14:50
January 16, 2019
Wall Street opens modestly higher boosted by financials
Major equity indexes in the U.S. started the day modestly higher supported by the financial sector. As of writing, the Dow Jones Industrial Average was up 0.42% on the day while the S&P 500 and the Nasdaq Composite were adding 0.32% and 0.36%, respectively. Strong earnings reports from Goldman Sach and Bank of American earlier
14:40
January 16, 2019
AUD/USD Technical Analysis: Intraday bearish slide finds support near 200-hour SMA
   •  The pair finally broke down of this week's consolidative trading range and fell to a one-week low, closer to mid-0.7100s during the European trading session on Wednesday.    •  A sustained weakness below the 0.7180 strong support was seen as a key trigger for bearish traders, though the selling pressure now seems to
14:30
January 16, 2019
USD/CAD continues to trade in weekly range below 1.33
WTI stays in consolidation below $52. US Dollar Index clings to small gains above 96. Weekly EIA crude oil report next in the calendar. Since failing to break above the 1.33 mark earlier this week, the USD/CAD pair trades in a relatively tight range and is having a difficult time setting its next short-term direction.
14:20
January 16, 2019
EUR/GBP Technical Analysis: 0.8840 target hit as Euro bulls attempt a counter-attack
EUR/GBP Daily chart EUR/GBP is trading in a sideways trend and testing the 200-day simple moving averages (SMAs).  At 19.00 GMT, investors must be cautious as Conservative Party lawmakers will vote for or against PM Theresa May amid growing discontent on the Brexit deal. As forecast, the 0.8840 bear target has been reached. EUR/GBP 4-four
14:10
January 16, 2019
NZD/USD off one week lows, finds some support ahead of mid-0.6700s
   •  Bulls shrug off China’s signal of economic stimulus to counter slowing growth.    •  A modest pickup in the USD demand prompts some long-unwinding trade. The NZD/USD pair remained heavily offered through the mid-European session, albeit now seems to have found some support ahead of mid-0.6700s. Despite China's indications for further economic stimulus
14:00
January 16, 2019
GBP/USD Technical Analysis: Cable hugs 1.2850 as Brexit uncertainties unfold
GBP/USD Daily chart GBP/USD is trading in a bear trend below the 100 and 200 simple moving averages (SMAs).  At 19.00 GMT, traders must be cautious as Conservative Party lawmakers will vote for or against PM Theresa May amid growing discontent on the Brexit deal. GBP/USD 4-four chart GBP/USD is trading above its main SMAs.
14:00
January 16, 2019
Eurozone: Headed for recession? – NBF
Krishen Rangasamy, analyst at National Bank Financial, points out that the Eurozone witnessed its worst semester in five years with real GDP growth likely coming in at less than 1% annualized in the second half of 2018, the weakest since 2013. Key Quotes “While 2018Q4 GDP results are not yet available, odds are they won’t
14:00
January 16, 2019
UK: PM May likely to survive – TDS
Analysts at TD Securities suggest that they are downplaying today's no confidence vote in the UK on PM May’s leadership as she is likely to survive. Key Quotes “Political overtures by the PM to rival parties in the aftermath of defeat suggest that a soft Brexit may be in the offing. This should ultimately bode
13:50
January 16, 2019
UK PM May: Government will retain the confidence of this House
British Prime Minister Theresa May is speaking in the House of Commons ahead of tonight's critical no confidence vote. Below are some key quotes. The House spoke clearly last night. Government will retain the confidence of this House. We do not even know what position the Labour party would take regarding Brexit. Opposition would vote
13:50
January 16, 2019
UK PM May: A general election is simply not in the interest of our nation
British Prime Minister Theresa May is speaking in the House of Commons ahead of tonight's critical no confidence vote. Below are some key quotes. A general election is simply not in the interest of our nation. It would deepen division when we need unity. It would bring delay when we need to move forward.  There