FX News

Today's FXStreet Newswire

The latest news that can have the most noticeable market impact

December 8, 2019
Gold prices in focus following sharp bearish reversal
Gold prices are in focus following sharp NFP drop and positive trade-deal sentiment.  US dollar bounced in line with yields following the strong employment report. Gold prices on Friday suffered a steep drop with the price falling from a high of $1,480.20 to a low of $1,458.77 following a better-than-expected Nonfarm Payrolls report which sent the US…
December 8, 2019
Asset managers remained net USD buyers for the fourth straight week – ANZ
The Australia and New Zealand Banking Group (ANZ) recently came out with their analysis of major market performance based on the positioning data is for the week ending on December 03. The key findings suggest that the US dollar (USD) keeps the top long position for asset managers while funds keep selling the New Zealand…
December 8, 2019
GBP/JPY Technical Analysis: 143.65/80 becomes the tough nut to crack for buyers
GBP/JPY stays positive around seven months’ high. 200-week SMA, multi-month-old resistance line limit the pair’s upside. 50% of Fibonacci retracement acts as immediate key support. GBP/JPY takes the bids to 142.70 during Monday’s Asian session. The pair extends the late Friday's recovery while running towards the recent highs surrounding 143.30. Even so, 200-week Simple Moving…
December 8, 2019
GBP/USD: Cautious optimism challenges bulls near multi-month top
GBP/USD stays modestly changed from Friday’s low. Weekend polls keep Tories on the top despite recent challenges to the UK PM. All eyes on December 12 UK elections, monthly activity/growth numbers can offer intermediate direction. GBP/USD pays a little heed to the weekend polls while trading around 1.3135 amid the initial Asian session on Monday….
December 8, 2019
Mexican Foreign Minister: Mexico will not accept US labour inspections in USMCA trade pact
The Mexican Foreign Minister, Marcelo Ebrard, said today that Mexico would accept a US proposal regulating steel in the United States-Mexico-Canada Agreement, but only if the rule took effect at least five years after the pact's ratification, according to a Reuters news.  Ebrard also said the Mexican government would not accept the U.S. proposal to conduct labor…
December 8, 2019
When is Japanese Q3 final GDP data and how could it affect USD/JPY?
Overview Japan’s Finance Ministry is up for releasing the final reading of the third quarter (Q3) 2019 Gross Domestic Product (GDP) figures at 23:50 GMT on Monday. Market consensus suggests a 0.2% figure of the growth signal versus a +0.1% preliminary forecast on a quarterly basis. Further, the yearly format indicates no change in 0.6%…
December 8, 2019
China-US trade down 11.1% from Jan-Nov, still ‘positive’ in general – Global Times
China’s November month trade numbers seem to provide a less worrisome signal to Beijing, despite a surprise slump in exports, as Global Times recently released a story highlighting the fact that the trade war with the United States (US) is less harmful. Key quotes China's trade with the US plunged 11.1 percent to 3.4 trillion…
December 8, 2019
NZD/USD pulls back to 0.6560 despite upbeat NZ Q3 Manufacturing Sales
NZD/USD consolidates gains from a multi-month high. New Zealand’s Q3 Manufacturing Sales recover more than expected. US-China trade war the in spotlight amid an absence of the key data/events. NZD/USD pulls back from the four-month high to 0.6560 during the early Asian session on Monday. New Zealand’s third quarter (Q3) Manufacturing Sales recovered to -0.3%…
December 8, 2019
Beijing orders state offices to replace foreign PCs and software – FT
Having witnessed a surge in Chinese imports data despite an on-going tussle with the United States (US), Beijing seems to sound strong at the phase-one negotiation table. The Financial Times (FT) recently ran a story highlighting the fact that the Chinese Administration orders all government offices and public institutions to remove foreign personal computer (PC)…