Forex News

Today's FXStreet Newswire

The latest news that can have the most noticeable market impact

16:15
August 10, 2020
USD/CAD forecast to drop to 1.30 in a three months horizon – CitiBank
According to analysts at CitiBank, the recent weakness seen in the Canadian dollar weakness is driven by news of aluminum tariffs in the works with the US announcing it will place a 10% tariff on imports of Canadian raw aluminum. They add that the rising tensions between China and the US and investors' attention to…
16:00
August 10, 2020
Gold Price Analysis: XAU/USD retreats to $2030 after making a run to $2050
XAU/USD erases gains after finding resistance at the $2050 zone. US Dollar losses strength during the American session, sill flat for the day. Gold prices spiked to the upside after the beginning of the American session but then pulled back erasing gains. XAU/USD jumped to $2049.70/oz, and as of writing, it trades at $2033, practically…
15:15
August 10, 2020
NY Fed survey: Probability of losing one’s job in next 12 months rose to 16.0% in July
US' household expectations regarding their employment prospects and their year-ahead financial situation slightly deteriorated in July after two months of gradual improvement, the Federal Reserve Bank of New York noted in its latest Survey of Consumer Expectations. Key takeaways "Median inflation expectations increased at the one-year horizon from 2.7% in June to 2.9% in July."…
15:15
August 10, 2020
GBP/USD rebounds and prints fresh daily highs above 1.3100
Pound gains momentum and prints fresh highs versus USD, EUR. Wall Street mixed on Monday, as DXY erases gains. The GBP/USD pair bounced from near 1.3000 to 1.3103, hitting a fresh daily high as the US dollar moved lower across the board. The greenback lost strength, favouring the rebound in cable. A stronger pound is…
15:00
August 10, 2020
Coronavirus update US: Florida cases rise by 4,155 to 536,961
Florida's Department of Health announced on Monday that the number of confirmed coronavirus cases in the state increased by 4,155 to a total of 536,961, as reported by Reuters. Further details of the daily publication revealed that COVID-19-related deaths rose by 93 to 8,408 and the hospitalizations rose by 76 to 6,943. Market reaction Investors don't seem to be…
15:00
August 10, 2020
USD/CAD slumps below 1.3350 as USD loses strength
USD/CAD extended its daily slide in early American session. US Dollar Index erases early gains, drops below 93.50. WTI climbs above $42 and provides additional boost to CAD. The USD/CAD pair spent the first half of the day fluctuating in a tight range below 1.3400 and came under renewed bearish pressure in the early American session….
14:15
August 10, 2020
US: Job Openings increase to 5.9 million in June vs. 4.9 million expected
US JOLTS Job Openings rose by 518,000 to 5.9 million in June. US Dollar Index posts small daily losses below 93.50. The number of Job Openings in the US rose to 5.9 million on the last business day of June, the US Bureau of Labor Statistics (BLS) said in its latest Job Openings and Labor Turnover Summary (JOLTS) report on…
14:00
August 10, 2020
S&P 500 Index opens higher supported by rising energy shares
Wall Street's main indexes registered small gains on Monday. S&P 500 Energy Index gains more than 1%. US Treasury Secretary Mnuchin says there is room for compromise in coronavirus aid talks. Major equity indexes opened higher on Monday even though investors remain cautious while US lawmakers struggle to reach agreement on the next coronavirus relief…
13:45
August 10, 2020
AUD/USD aims 18-month high at 0.7243 amid greenback frailty – TDS
Strategists at TD Securities remark that the AUD/USD pair has found support at the 0.7140 today and is now trading at 0.7175, up 0.20% on  the day. The aussie should see a test of the 0.7243 18-month high amid USD weakness. Key quotes “We note that AUD/USD found good support at a trendline that intersects…