FX News

Today's FXStreet Newswire

The latest news that can have the most noticeable market impact

2:00
December 9, 2019
Big FX platforms see e-trading volumes drop over past three years – BIS
In its quarterly report, the Bank for International Settlements (BIS) revealed that falling market volatility has prompted some global banks to route more volumes onto their internal platforms, which has led to a drop-in turnover on some of the world’s biggest currency-trading platforms over the past three years. Key Quotes (via Reuters): “Electronic trading between…
1:40
December 9, 2019
USD/CNH probes 7.0300 as Chinese traders weigh trade data, shift in risk tone
USD/CNH stops the previous three days’ declines. Disappointment from China data, increasing uncertainty ahead of US tariffs and signs of protests in Hong Kong all play their roles. The risk tone stays sluggish ahead of the key week. USD/CNH takes the bids to 7.0300 as Chinese markets open for Monday’s trading. Traders might have reacted…
1:40
December 9, 2019
Goldman Sachs raises its Brent oil forecast to $63
Goldman Sachs analysts have raised their 2020 Brent oil price forecast to $63 from $60 as they expect the global oil supply-demand balances to be 0.3 million barrels per day tighter than previously forecasted.  The upward revision of the price target comes after the OPEC and Russia decided to deepen the existing 1.2 million barrels…
1:20
December 9, 2019
PBOC sets Yuan reference rate at 7.0405
The People's Bank of China has set the Yuan reference rate at 7.0405 versus Friday's fix at 7.0383.
1:20
December 9, 2019
WTI prices elevated on OPEC+ accord and production cuts
Oil prices were elevated on Friday following the confirmation of OPEC+ accord.  NFP and trade deal headlines were positive for risk and supportive of oil prices. The price of a barrel of oil shot higher on Friday with West Texas Intermediate spot reaching as high as $59.81 from a low of $57.68.    The Organization of the…
1:20
December 9, 2019
EUR/USD could rise to 1.15 in 12 months – Goldman Sachs
A potential global growth rebound could bode well for the single currency, pushing EUR/USD higher to 1.15 in the next 12 months, according to analysts at Goldman Sachs.  "If our forecast for better global growth proves correct, the most interesting G-10 exchange rate next year might be the beleaguered euro." EUR/USD, however, is likely to…
1:10
December 9, 2019
NZD/USD Technical Levels: Double top on 1H
NZD/USD has created a double top pattern on the hourly chart.  The daily chart indicator is reporting overbought conditions.  NZD/USD has formed a double top bullish reversal pattern on the hourly chart with neckline support at 0.6546. Acceptance below the neckline would confirm a double top breakdown and open the doors for 0.6517 (target as…
1:00
December 9, 2019
EUR/USD Technical Analysis: Struggles between 50 and 100-DMA amid bullish MACD
EUR/USD bounces off 50-DMA. 100-DMA and 38.2% Fibonacci retracement limit immediate upside. Multiple supports around 61.8% Fibonacci retracement will question sellers during fresh declines. EUR/USD rises to 1.1060 amid the initial trading session on Monday. In doing so, the pair recovers from 50-Day Simple Moving Average (DMA) but stays below a confluence of 100-DMA and…
0:40
December 9, 2019
EUR/JPY defends support at 120 despite the upward revision of Japan’s GDP
EUR/JPY dropped 13 pips after the upbeat Japanese GDP data.  The pair is still holding above the psychological support of 130.00.  A break lower looks likely with the US index futures flashing losses.  The bid tone around the Japanese Yen strengthened following the upbeat Japanese gross domestic product (GDP), but so far, the EUR/JPY cross…
0:40
December 9, 2019
RBA and government likely to lower their growth forecasts in wake of GDP report – Westpac
In light of the latest third quarter (Q3) Gross Domestic Product (GDP) numbers from Australia, Bill Evans from Westpac anticipate that the Reserve Bank of Australia (RBA) and the Australian government will lower their future growth forecasts. However, the analyst still supports the Westpac estimation of 2.4% GDP figure for the year 2020 following a…