Archives: FX News

Today's FXStreet Newswire

The latest news that can have the most noticeable market impact

7:10
March 19, 2019
JPY futures: further gains unlikely
Open interest in JPY futures markets increased by just 750 contracts on Monday, while volume shrunk for the second straight session, this time by more than 86K contracts. USD/JPY poised for extra rangebound USD/JPY is expected to extend the current sideline theme above the 111.00 handle for the time being amidst erratic performance in open
7:10
March 19, 2019
Switzerland Imports (MoM) increased to 16689M in February from previous 16639M
7:00
March 19, 2019
USD/JPY keeps the red near multi-day lows, below mid-111.00s
   •  The prevalent USD selling bias keeps exerting some pressure for the third straight session.    •  Improving risk sentiment undermines JPY’s safe-haven demand and helps limit downside.    •  The focus remains on the latest FOMC policy update, due to be announced on Wednesday. The USD/JPY pair remained under some selling pressure on
7:00
March 19, 2019
GBP futures: cautious ahead of Brexit news
CME Group’s advanced figures for GBP futures markets noted open interest rose by just 80 contracts on Monday vs. Friday’s final 192,806 contracts. Volume, instead, dropped by the fourth consecutive session, this time by around 5.6K contracts. GBP/USD sidelined below 1.3300 Cable’s performance looks consolidative for the time being, and this theme is likely to
6:50
March 19, 2019
EUR/USD is approaching tougher resistance – Commerzbank
According to Karen Jones, analyst at Commerzbank, EUR/USD pair is approaching tougher resistance at the 55 and 100 day ma at 1.1364/66 and we would allow for initial failure and some slippage back to the low 1.1300 region. Key Quotes “We have our doubts that the market will at this juncture retest the 61.8% Fibonacci
6:50
March 19, 2019
UK: Brexit in focus again – Danske Bank
According to analysts at Danske Bank, the market focus was yet again on Brexit yesterday as after a relatively quiet day in terms of other market-moving events, Speaker John Bercow 'stole the show' as he made it clear that he will (at least in principle) not allow for a third vote unless there are "substantial
6:50
March 19, 2019
EUR futures: rising odds for a correction lower
According to preliminary figures for EUR futures markets from CME Group, investors added just 4 contracts to their open interest positions at the beginning of the week, recording the third build in a row. On the other hand, volume shrunk once again, this time by nearly 152.3K contracts. EUR/USD faces strong resistance at the 55-day
6:50
March 19, 2019
Bank Indonesia to keep its policy on hold – TDS
Analysts at TD Securities are expecting Bank Indonesia (BI) to keep its policy seven day reverse repo rate on hold at 6.00% at its meeting on 21 March, marking its fourth consecutive meeting that policy has been unchanged following 175bp of hikes last year. Key Quotes “We think BI remains cognisant of external risks and
6:40
March 19, 2019
OPEC Chief Barkindo: US sanctions on OPEC would be counterproductive
Mohammad Sanusi Barkindo, OPEC’s Secretary General, is on the wires now, noting that market is responding positively to OPEC+ meeting. Additional Comments: Venezuela is addressing power blackouts. Practically impossible’ to cut Iran oil to zero. US shale industry defying own output projections. No OPEC would not serve best interest of US. US sanctions on OPEC would be counterproductive.
6:30
March 19, 2019
FX option expiries for Mar 19 NY cut
FX option expiries for Mar 19 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts  1.1300 1.2bn  – GBP/USD: GBP amounts  1.3230 516m 1.3290 474m 1.3300 468m – USD/JPY: USD amounts  110.60 630m 111.00 384m 111.35 553m 111.40 425m 111.50 857m 112.00 796m – AUD/USD: AUD amounts 0.7100 676m