Forex News

Today's FXStreet Newswire

The latest news that can have the most noticeable market impact

3:45
December 1, 2020
AUD/USD stays directed towards 0.7400 after RBA inaction
AUD/USD pays a little heed to the RBA’s monetary policy decision. RBA keeps benchmark interest rate, three-year yield target unchanged. Trading sentiment stays upbeat amid hopes of US stimulus, vaccine expectations. US aid package news, virus/vaccine updates will be the key. AUD/USD keeps mild gains while taking rounds to 0.7360 after RBA monetary policy decision…
3:45
December 1, 2020
RBA leaves monetary policy settings unchanged, as expected
At its December monetary policy meeting this Tuesday, the Reserve Bank of Australia (RBA) board members decided to maintain the official cash rate (OCR) at a record low of 0.10%, as widely expected. The RBA left its three-year bond yield target unchanged at 0.10%. The board decided to maintain the current policy settings, including the…
3:30
December 1, 2020
USD/JPY Price Analysis: Looks north after bullish outside day
USD/JPY charted a bullish outside day candle on Monday.  The pair could soon challenge the Nov. 24 high.  USD/JPY is trading near 104.35 at the time of writing, representing marginal gains on the day, having carved out a bullish outside day candle on Monday.  A bullish outside day occurs when an asset engulfs the previous day's trading…
3:30
December 1, 2020
RBI to maintain status-quo, deliver a neutral tone this Friday – Deutsche Bank
In the view of the Deutsche Bank Chief Economist Juliana Lee, the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) is expected to maintain status-quo on the interest rates, although the tone may turn neutral in December when compared to a dovish tilt that was seen in October. Key quotes “Upside surprises to recent…
3:15
December 1, 2020
Gold Price Analysis: XAU/USD braces for a bumpy road to reocvery above $1775 – Confluence Detector
Gold (XAU/USD) is making another recovery attempt from five-month lows of $1765 as the US dollar dips on improved market mood amid coronavirus vaccine and US stimulus hopes. US Treasury Secretary Steve Mnuchin’s push for utilizing $455 billion from the CARES Act also bodes well for gold. Although, gold’s corrective advance could lose steam, in…
3:00
December 1, 2020
When is the RBA Interest Rate Decision and how could it affect AUD/USD?
The Reserve Bank of Australia (RBA) will announce the latest monetary policy decision at 03:30 GMT on Tuesday. The central bank is expected to keep interest rates unchanged at a record low of 0.25% and maintain its yield curve control policy (YCC).  No big changes expected With the global economy expected to chart a swift…
2:30
December 1, 2020
PBOC’s Yi: Separation between fiscal and monetary policies is a must
There should be a separation between fiscal and monetary policies, the People's Bank of China Governor (PBOC) Yi Gang said in an interview with the state media outlet China Securities Journal. Further comments “Separating government finances from the central bank avoids debt monetization.” “Central bank balance sheet should not bear the credit risk of enterprises.”
2:30
December 1, 2020
China Q4 GDP growth may accelerate to 6.6% – Shanghai Press
Solid expansion in the Chinese manufacturing sector last month points to a stronger GDP in the fourth quarter of 2020, Shanghai Securities News reports, citing economists. Key quotes “China's Q4 GDP growth may accelerate to 6.6% from 4.9% in Q3 as the November PMI recorded 52.1, up 0.7 points from October and within the expansion…
2:30
December 1, 2020
GBP/USD Price Analysis: Bulls attack 1.3350 on Monday’s inverted hammer
GBP/USD refreshes intraday high while justifying the previous day’s bullish candlestick formation. MACD signals, sustained trading beyond 10-day SMA also favor buyers. GBP/USD takes the bids near 1.3350, up 0.15% on a day, during the early Tuesday’s trading. The Cable mark another U-turn from 10-day SMA the previous day. In doing so, it flashed an…
2:30
December 1, 2020
ECB should lengthen QE purchases to counter strong euro – IIF
EUR/USD has gained nearly 2% this quarter despite the resurgence of coronavirus across the Eurozone. The common currency's resilience puts downward pressure on inflation and is a cause for concern for the European Central Bank (ECB).  According to Robin Brooks, Chief Economist at the Institute of International Finance (IIF), the central bank should lengthen the…