Forex News

USD/CAD has seen two-way trade on Monday The pair rallied as high as 1.2780 from earlier sub-1.2700 lows but is now under 1.2750 again. Contributing to mixed trade in CAD is choppy/indecisive crude oil markets. USD/CAD has seen two-way trade on Monday but has been on the front foot in recent trade, advancing from Asia…

USD/JPY hangs in the balance of risk appetite, covid and stimulus.  Bulls are testing the bear's commitments and a stubborn resistance level. USD/JPY is currently higher by 0.07% trading at 103.77 and between a range of 103.67/93 on the day so far. Risk appetite is mixed with stimulus hopes offset by covid concerns. US stocks are caught…

AUD/USD lost its traction during the American session. US Dollar Index is posting small daily gains above 90.30. Wall Street's main indexes trade mixed on Monday. The AUD/USD pair advanced higher toward 0.7750 during the European trading hours but pared its gains in the second half of the day. As of writing, the pair was…

British Health Secretary Matt Hancock said on Monday that they are observing some early signs suggesting that the actions they have taken so far are working, as reported by Reuters. Additional takeaways "The vaccine supply is tight." "Health service can deliver every vaccine made available to it." "This is not a moment to ease up."…

EUR/USD has bounced after hitting fresh lows of the day under 1.2120 and now trades in the 1.2130s. Covid-19 lockdown and vaccine concerns have weighed the single currency on Monday. EUR/USD has bounced modestly after hitting fresh lows of the day under 1.2120 in recent trade and now trades in the 1.2130s. The pair is…

Gold turned south during the American trading hours on Monday. A daily close below $1,850 could open the door for additional losses.  Key resistance for XAU/USD is located near $1,870. The XAU/USD pair started the new week in a quiet manner and moved sideways in a relatively tight range in the Asian trading hours. Although the…

Christine Lagarde, President of the European Central Bank (ECB), is attending a panel titled "Restoring Economic Growth" at the World Economic Forum. Key takeaways "Recovery somewhat delayed but not derailed." "Hope is still that 2021 is the year of recovery." "The euro area growth in Q4 was negative." "We are expecting the post-pandemic economy to be…

Christine Lagarde, President of the European Central Bank (ECB), is attending a panel titled "Restoring Economic Growth" at the World Economic Forum. About ECB President Lagarde The European Central Bank's President Christine Lagarde, born in 1956 in France, has formerly served as Managing Director of the International Monetary Fund, and minister of finance in France….

Cable currently trades at lows of the day in the 1.3650s. GBP/USD is being dragged lower by weakness in the euro on Monday. GBP/USD is being dragged lower by weakness in the euro on Monday. Versus the US dollar, sterling and the euro have a positive correlation, which is unsurprisingly really given that geographical proximity…

After starting the day mixed, major equity indexes turned south pressured by a negative shift in market sentiment. Reflecting the risk-off mood, the CBOE Volatility Index, Wall Street's fear gauge, is up nearly 9% at 23.80. According to the latest market chatter crossing the wires, US Senate Democratic Leader Chuck Schumer thinks that it may take…