FX News

Today's FXStreet Newswire

The latest news that can have the most noticeable market impact

3:10
December 9, 2019
USD/INR Technical Analysis: Inverted hammer on 50-day MA support
USD/INR may gap higher on Monday on upbeat US Nonfarm Payrolls data.  A close above Friday's high would confirm a bullish reversal pattern.  USD/INR may witness a bounce on Monday, having created an inverted hammer at the 50-day moving average support on Friday.  The US economy added 266,000 jobs in November, beating the median estimate of…
2:50
December 9, 2019
UK election: Brexit, trade, fiscal options and GBP – ANZ
Brian Martin, Analyst at Australia and New Zealand Banking Group (ANZ) warns over getting overly bullish on GBP ahead of the Dec 12 UK election. Key Quotes: “Opinion polls point to a Conservative victory in this week’s election. But it is not a foregone conclusion by any means. We caution about getting overly bullish on…
2:40
December 9, 2019
Governor of China’s Xinjiang expresses strong condemnation of US bill
Shohrat Zakir, the governor of the Chinese far western region, Xinjiang told reporters in Beijing on Monday that a recent US measure on Xinjiang is a severe violation of international law and gross interference in China's internal affairs. Key Quotes: Counter-terrorism measures in Xinjiang are no different to anti-terrorism measures in the US. The US…
2:40
December 9, 2019
Gold: Sidelined after biggest daily decline in four weeks
Gold registered its biggest single-day drop in four weeks on Friday.  Markets do not expect the Fed to cut rates in 2020.  China's exports to the US fell by 23% in November.  China's data may embolden President Trump to take more aggressive measures.  Gold is lacking a clear directional bias in Asia, having registered its…
2:30
December 9, 2019
S. Korea’s Vice FinMin: Will act swiftly if volatility in financial market rises
Speaking at a meeting of senior financial and economic officials on Monday, South Korean Vice Finance Minister Kim Yong-beom said his government “will act swiftly and boldly upon (its) contingency plans in case volatility in the financial market rises,” as cited by Reuters. Key Quotes: “There were possibilities of volatility increasing in financial and foreign-exchange markets if the United…
2:10
December 9, 2019
GBP/USD Technical Analysis: 5-day MA support may be put to test
GBP/USD snapped a five-day winning run on Friday, RSI's above-70 reading gained credence with Friday's drop.  A pullback to the 5- day average support could be seen.  GBP/USD is currently trading at 1.3145, representing a 0.10% gain on the day.  The pair fell 0.19% on Friday, snapping the five-day winning streak.  Friday's drop also validated…
2:10
December 9, 2019
UK: Can we trust the polls? – ING
The ING’s Robert Carnell casts doubts on the polls concerning the United Kingdom’s (UK) election on December 12. The reasons cited include the historical performance of the polls and a thin majority in certain seats by the ruling Conservative Party. Key quotes "As we head towards the polls in the UK's de-facto second referendum on…
2:00
December 9, 2019
China’s November commodity imports: Stronger than expected – ANZ
Analysts at Australia and New Zealand Group (ANZ) provide their insights into the latest Chinese commodity trade data released on Sunday. Key Quotes: “China’s commodity imports for November were stronger than expected, suggesting economic growth has stabilized after Q3’s softness. With trade tension keeping inventories relatively low, import demand should be well supported into the…
2:00
December 9, 2019
AUD/USD soaking-up positive trade sentiment, weighed by post NFP US dollar
AUD/USD weighed down by a resurgence in the US dollar following NFP surprise.  Positive trade-deal noise supports demand for the AUD.  The pair would need to break above 0.6865 or below the 0.6800 figure to attract speculative interest. On what is to be a bust week from the American calendar and quiet for Australia, AUD/USD…
2:00
December 9, 2019
USD/CAD Technical Analysis: 21-DMA caps 61.8% Fibonacci breakout
USD/CAD extends Friday’s recovery while confronting 21-DMA. 200-DMA, November high can please buyers beyond immediate resistance. 1.3160/55 could return during the declines below 61.8% Fibonacci retracement. USD/CAD rises to an intra-day high of 1.3262 by the press time of early Monday. The pair holds on to recovery gains while confronting 21-Day Simple Moving Average (DMA)….