Forex News

Today's FXStreet Newswire

The latest news that can have the most noticeable market impact

15:45
November 27, 2020
GBP/USD: Brexit countdown bangs loud with room for sterling gains
GBP/USD has hit new highs as optimism about an upcoming vaccine in the UK and a smooth US transition outweighed Brexit uncertainty and upbeat US data. Brexit, Powell and Nonfarm Payrolls promise a hectic start to December, Yohay Elam, an Analyst at FXStreet, reports. Key quotes “Deal or no deal? The eternal question may be…
15:45
November 27, 2020
USD/JPY: Yield spreads favor yen appreciation – CIBC
Yen gains are likely to continue as real yield spreads remain under pressure. Subsequently, economists at CIBC expect the USD/JPY pair to plunge towards 101 in the first quarter of 2021.  Key quotes “With covid cases continuing to advance across Japan and with monetary policy already largely tapped out, we can expect a third supplementary…
15:30
November 27, 2020
EUR/USD grinds to fresh monthly highs, sets sights on 1.1950 and beyond
EUR/USD ground to fresh monthly highs on Friday of above 1.1940, despite thin trading conditions amid lower than usual US participation in the market. Broad USD weakness has been the driving factor, with other major USD crosses also moving to fresh highs of the day (AUD/USD and NZD/USD). EUR/USD has been grinding higher on Friday,…
15:15
November 27, 2020
Second COVID-19 waves to bolster USD resilience – CIBC
Second waves of COVID-19 are set to stall USD depreciation through the first half of 2021. Therefore, economists at CIBC forecast the US Dollar Index (DXY) at 92.50 in the first half of the next year. Key quotes “With second waves of COVID-19 still spreading, USD depreciation could stall as its safe-haven currency status is…
15:00
November 27, 2020
WTI keeps the daily range above $45.00
Prices of the WTI fades the earlier uptick to $45.60. Pandemic concerns remain despite risk-on mood. The OPEC+ is expected to meet on Monday/Tuesday. Prices of the West Texas Intermediate resume the upside on Friday, managing to reverse an early drop to the $44.50 region. WTI focused on OPEC+ meeting Crude oil prices regained the…
15:00
November 27, 2020
USD/CAD: Rangebound until latter part of 2021 – CIBC
The loonie continues to be pushed and pulled by currencies moving versus the USD, leaving the CAD stronger against the greenback over the past month. According to economists at CIBC, the USD/CAD pair is likely rangebound until it becomes clear that the Bank of Canada (BoC) will lag the Fed on hikes. Key quotes “A…
15:00
November 27, 2020
GBP/USD recovers sharply from lows as buyers rush to buy dip into low 1.3300s
GBP/USD has recovered from earlier lows in the low 1.3300s to trade close to the middle of its recent range at 1.3350. Brexit talks drag on with no sign of any breakthrough just yet, feeding into rangebound GBP/USD conditions. GBP/USD has recovered sharply from 1.3310ish lows from earlier on in the session and is back…
15:00
November 27, 2020
S&P 500 Index opens in the positive territory, Nasdaq hits new record hgh
Wall Street's main indexes opened higher after Thanksgiving break. Nasdaq Composite hit a fresh record high after the opening bell. S&P 500 Technology Index is up 0.7% in the early trade. Major equity indexes in the US started the last day of the week in the positive territory. As of writing, the S&P 500 Index…
14:45
November 27, 2020
Gold Price Analysis: XAU/USD holds above critical support after the crash – Confluence Detector
Gold has tumbled down below $1,800 after surviving above that line for several days. While the precious metal suffered a precipitous fall – probably unrelated to rumors that the head of Iran's program Mohsen Fakhrizadeh  – it is still holding above critical support.  The broader downtrend stems from vaccine news that dominated headlines in November. With hope…
14:15
November 27, 2020
USD/CHF eases from tops, still in the green around 0.9065-70 region
USD/CHF gained positive traction on Friday and snapped three days of losing streak. COVID-19 vaccine optimism weighed on the safe-haven CHF and remained supportive. Weaker USD kept a lid on any meaningful gains, warranting caution for bullish traders. The USD/CHF pair held on to its positive tone through the early North American session, albeit retreated…