Forex News

Today's FXStreet Newswire

The latest news that can have the most noticeable market impact

July 3, 2020
GBP/JPY remains on the back-foot, just below 134.00 mark
A combination of factors prompted some selling around GBP/JPY on Friday. Brexit-related uncertainties continued taking its toll on the British pound. Concerns about rising coronavirus cases benefitted the safe-haven JPY. The GBP/JPY cross managed to rebound around 20 pips from the early European session dip and now seems to have stabilized just below the 134.00…
July 3, 2020
S&P 500: US stocks outperformance to end over the next two and a half years – Capital Economics
S&P 500 continued to recover in the second quarter – the best since 1998 – from its slump in the previous quarter. Nonetheless, economists at Capital Economics expect the long-running outperformance of US equities to come to an end over the next two and a half years. Key quotes “The four sectors that fell the…
July 3, 2020
ECB’s Knot: Balance of risks has become more favourable
The recent data from the euro area solidify the confidence in the European Central Bank's (ECB) baseline economic scenario, ECB Governing Council member Klaas Knot said on Friday, as reported by Reuters. "Balance of risks has become more favourable," Knot added. "Governments could spend more to offset the surge in private savings." Market reaction These…
July 3, 2020
Gold Price Analysis: Consolidates around $1775 level, bullish bias remains
Gold remained confined in a narrow trading band on Friday, around the $1775 region. The overnight resilience below an important confluence support favours bullish trader. The commodity seems poised to aim towards conquering the ambitious $1800 target. Gold extended its sideways consolidative price action through the mid-European session and remained confined in a narrow trading…
July 3, 2020
European Commission grants conditional clearance to Remdesivir – Reuters
The European Commission announced on Friday that it had granted conditional clearance for the use of Gilead Sciences' antiviral Remdesivir in coronavirus treatment, as reported by Reuters.  This decision came after the European Medicines Agency's "rolling review" that started at the end of April.  Earlier in the week, the Commission said it was in negotiations with…
July 3, 2020
Brent Oil to reach $60 by end-2022 – Capital Economics
Economists at Capital Economics expect the price of Brent Crude Oil to rise as high as $60 by the end of 2022 from the current level around $42 despite a slower demand recovery and a slip of OPEC+ cuts.   Key quotes “We doubt that the prices of energy commodities will continue to rise quite so…
July 3, 2020
AUD/USD climbs to fresh daily highs, closes in on 0.6950
AUD/USD is trading near the upper limit of its weekly range. US Dollar Index posts small daily gains above 97.20. Market action is likely to remain subdued in the remainder of the day. The AUD/USD pair gained traction on better-than-expected macroeconomic data releases during the Asian trading hours on Friday and stretched higher in the…
July 3, 2020
EUR/USD Price Analysis: Solid support remains at 1.1170
EUR/USD is adding to Thursday’s losses and trades near 1.1230. The pair stays well supported near 1.1170 in the near-term. EUR/USD is prolonging the consolidative move at/above the 1.1200 mark at the end of the week. There is a tough support in the 1.1170/65 band. A breach of this area of contention could morph into…