FX News

Today's FXStreet Newswire

The latest news that can have the most noticeable market impact

12:00
January 28, 2020
US Dollar Index Price Analysis: Further gains now target the mid-98.00s
The rally in DXY prints fresh yearly highs in the 98.00 neighbourhood. Immediately to the upside aligns 98.54, November’s high. The upside momentum in the dollar remains well and sound for yet another session and is now lifting DXY to new YTD peaks beyond 98.00 the figure. Above this area, the index should target the…
12:00
January 28, 2020
US durable goods and consumer confidence data will garner attention on Tuesday – TDS
Analysts at TD Securities (TDS) offered a brief highlight of Tuesday trading action and preview of the upcoming US macro releases – durable goods and consumer confidence data. Key quotes: “Risk sentiment has stabilized somewhat overnight, but we think this will prove temporary. Virus contagion concerns are likely to remain a FX market driver for…
11:50
January 28, 2020
GBP/USD likely to trade between 1.2900 and 1.3200 – UOB
FX Strategists at UOB Group expect Cable to remain sidelined in the 1.2900-1.3200 range in the near-term. Key Quotes 24-hour view: “GBP traded between 1.3041 and 1.3104 before settling on a soft note at 1.3054 (-0.12%). The soft underlying tone suggests GBP could drift lower to 1.3025. The next support at 1.2990 is unlikely to…
11:50
January 28, 2020
EUR/JPY Price Analysis: Rising bets for extra losses to 119.25
EUR/JPY accelerates the sell-off below the 120.00 mark. Immediately to the downside emerges the 119.60 region. The downside in EUR/JPY has picked up extra pace after breaching the key 200-day SMA in the 120.80 region on Friday and the 100-day SMA around 120.30 on Monday. While sellers remain in control, then the area of 119.60,…
11:30
January 28, 2020
China’s Xi to WHO Chief: China is confident and capable of winning battle against virus
China’s President Xi Jinping told the World Health Organization (WHO) Director-General that China is confident and capable of winning the battle against the coronavirus, China's state TV reported on Tuesday. "The most important task at present is virus prevention and control," Xi said and noted that he believes that the WHO and the international community will give…
11:20
January 28, 2020
UK: Retail sales volumes stay flat for third straight month in January
Retail sales volumes in the UK stayed unchanged for the third straight month in January, the latest CBI Distributive Trends Survey showed on Tuesday. "Retail sales volumes posted no growth in the year to January (0%, unchanged from December)," the CBI noted in its press release. "Retailers expect sales volumes to remain unchanged in the…
11:10
January 28, 2020
EUR/USD faces strong support around 1.0980 – UOB
While risks point to further downside, EUR/USD is likely to meet a tough support around 1.0980, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “While EUR dipped to a 2-month low of 1.1008, it recovered to end the day little changed at 1.1016 (-0.06%). Downward momentum is patchy at best and EUR is…