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Trading in the FX Market is more than just plotting indicators and placing an EA on a chart. Fundamentals are the catalyst and the driving force behind price moves, and if you aren’t keeping your ear to the ground, any one of a myriad of news events can seriously ruin your day. Bookmark this page to stay up-to-date on trending news and upcoming news events that affect your trading.

GBP/USD jumps to fresh session tops, further beyond mid-1.3300s

The GBP/USD pair rallied over 80 pips from intraday swing lows and refreshed daily tops, around the 1.3365-70 region during the mid-European session...

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Forex Today: Gold recovers on US stimulus hopes, dollar off the highs, Brexit, vaccine news eyed

The dollar is stable after gaining late on Monday amid a minor drop in markets. Investors still await a US fiscal deal after Joe Biden was formally nominated President while intense Brexit talks continue. Lockdowns and vaccine developments are eyed...

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EUR/USD trims gains and drops toward 1.2120

The EUR/USD pair pulled back sharply during the last hours amid a really of the US dollar across the board. It is dropped from 1.2176, the highest level in a week to 1.2126. The euro erased most of its daily gains and as of writing it trades at 1.2135, above Friday’s close but far from the top....

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Forex Today: Last full week of 2020 kicks off with Brexit and US stimulus optimism

Markets are moving higher as Brexit and US stimulus talks continue ahead of the first vaccinations against COVID-19 in the US...

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Forex Week Ahead – Deal or no deal

The month of compromise has delivered two so far. OPEC+ agreed on output targets for next year while the EU27 gave their backing to the 2021-27 budget and recovery fund. That just leaves Brexit and US fiscal stimulus outstanding, with a positive outcome in both cases making this a rather ...

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EUR/USD: ECB gives a boost to the euro, rally to run towards 2020 high at 1.2177

The European Central Bank (ECB) added €500 billion to QE and will run the program into 2022. Weak language on the exchange rate also boosts the euro. More EUR/USD gains are likely.

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Lagarde speech: Euro area economy is seen shrinking in Q4

he European Central Bank's (ECB) decided to leave key rates unchanged and expanded the Pandemic Emergency Purchase Programme (PEPP) by €500 billion to a total of €1,850 billion until the end of March 2022.

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Forex Today: Dual talks' deadlock weighs on markets ahead of expected ECB stimulus, FDA vaccine seal

Markets are licking their wounds after a down day on Wednesday. Sentiment was pushed lower by the lack of a breakthrough in Brexit, which has a new Sunday deadline, and US fiscal stimulus talks, which remain stuck. The ECB is set to add stimulus and US data is of interest...

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Forex Today: Vaccine deployments, Brexit continue to rule the sentiment

Stocks and currencies ended Monday’s session on a mixed bag amidst fresh market chatter on another US stimulus package and alternating headlines surrounding the Brexit negotiations...

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Forex Today: Rising Sino-American tensions curb vaccine and stimulus enthusiasm, Brexit eyed

The first full week of December kicks off with a mixed market mood. New US sanctions on Chinese officials weigh on the market mood while weak Nonfarm Payrolls raise hopes for a stimulus package. The FDA is set to approve a COVID-19 vaccine later in the week and Brexit talks continue at a higher intensity...

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Forex Week Ahead – Time for compromise

The next week is all about compromise. Can the UK and EU avoid a damaging no deal at the end of the month? Will Congress agree on a stimulus package and spending bill to prevent hardship for businesses and households and avert a government shutdown?...

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Forex Today: Dollar bounces amid vaccine, stimulus concerns ahead of Nonfarm Payrolls

Markets are mixed and the dollar is off Thursday's lows as traders await the all-important Nonfarm Payrolls report. Brexit acrimony is weighing on the pound. Oil and the loonie are rising following an OPEC+ deal and ahead of Canada's jobs report...

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Nonfarm Payrolls Preview: Another dollar’s disappointment underway

The US will publish this Friday the November Nonfarm Payrolls report and is set to bring more pain to the USD. The country is expected to have added 481K new positions in the month, below the previous 638K. The unemployment rate, however, is seen ...

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GBP/USD jumps to three-month tops, around 1.3440 region

The GBP/USD pair continued scaling higher through the mid-European session and jumped back to three-month tops, around the 1.3435-40 region in the last hour.

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Forex Today: Dollar remains on the back foot as two hopes clash with two concerns, data eyed

The US dollar remains on the back foot amid a mix of positive and adverse developments. US coronavirus cases and worsening relations with China weigh on sentiment, while stimulus and vaccine hope boost sentiment. Brexit and OPEC+ talks and NFP hints are eyed...

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US Dollar Index Price Analysis: Further decline targets 90.00

The bearish momentum surrounding the greenback remains unchanged and motivates DXY to keep the trade in the 91.70 region so far, where sits the 8-month support line.

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Gold Price Analysis: XAU/USD’s rebound stalls below $1800 ahead of US data, Powell

Gold (XAU/USD) stalls its rebound from five-month lows of $1765 in the European session this Tuesday, as the 100-hourly moving average (HMA) guards the immediate upside near $1797...

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Forex Today: New month, fresh market gains, PMIs, Powell's testimony and Brexit eyed

Markets have resumed their gains and the dollar is on the back foot once again as the dust settles from end-of-month flows. Optimism about vaccines and Brexit counter concerns from Powell and Yellen about the US economy...

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ECB's Lagarde: Fiscal package must not be delayed significantly

Fiscal policy in the euro area is critically important given the hit that the service sector took, Christine Lagarde, President of the European Central Bank (ECB, said on Monday...

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EUR/USD Forecast: Fakeout at 1.20? Why the euro may suffer a downward correction

Light at the end of the tunnel – and also 1.20 is within reach – but a downtrend correction cannot be ruled out as EUR/USD hits a three-month high...

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Forex Today: Gold melts, dollar declines, Brexit and OPEC headlines eyed

A busy week kicks off with stocks, gold, and the dollar all edging lower together as November draws to an end. Fresh Brexit optimism is supporting the pound while oil is struggling with OPEC+ disagreements. Vaccine developments and data releases are eyed...

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Forex Week Ahead – We Go Again

December may normally be associated with everything slowing down as we ease our way into the festive period but as with everything else in 2020, this is no normal December. Donald Trump is continuing to fight the election result and is going out...

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EUR/USD: Five reasons to drag the pair down

Five factors are all playing against the EUR/USD pair, in the opinion of FXStreet’s analyst...

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EUR/USD: Bearish sign

“Momentum on the four-hour chart has turned negative after several positive days – a bearish sing. On the other hand, EUR/USD has topped the 100 and 200 Simple Moving Averages, but only just.”

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S&P: Major Aussie banks not at risk of downgrade amid pandemic

The US-based ratings agency S&P Global said in its latest report on Wednesday, credit ratings of most Australian banks are not at risk of a downgrade, in the face of the coronavirus crisis...

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Forex Today: New quarter, same market gloom as coronavirus spreads, critical US data eyed

Here is what you need to know on Wednesday, April 1:

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Dollar Index: 2008/09 parallels point to sustained USD strength – Westpac

Late-2008/2009 offers a highly relevant historical analogue for the near term USD outlook, Richard Franulovich from Westpac Institutional Bank reports...

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Crude prices rebound after tapping 18-year low

U.S. oil prices rebounded sharply on Tuesday, after falling to the lowest level since 2002 amid a demand slump due to the coronavirus pandemic and a glut of supply thanks to a Russia-Saudi oil-price war...

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EUR/USD needs to hold onto support at 1.0972 to weather the dollar storm

EUR/USD has been on the back foot as a turbulent quarter is drawing to an end. How is the world's most popular currency pair positioned on the charts? ...

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EUR/USD: Bearish pressure eased

Coronavirus crisis extended some support to the USD’s safe-haven status on the first day of the week, Haresh Menghani, an analyst at FXStreet reports.Key quotes :

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Forex Today: King Dollar takes back the reins as coronavirus fears mount, oil slumps; eyes on German CPI

Here is what you need to know on Monday, March 30:The haven demand for the US dollar is back in play starting out a fresh week, allowing the greenback to ...

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Forex Week Ahead – Virus Watch, China data to rebound while the world braces for pain, and why the dollar looks so vulnerable

Thanks to swift action worldwide by central banks, global equities avoided a disastrous place, a possible combination of a 1930’s like depression and the 2008 financial crisis. In just a matter of weeks, massive monetary and fiscal stimulus was...

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Will King Dollar be re-coronated after the plunge? Virus, consumer data, eyed

The US dollar remains on the back foot after plunging on Thursday alongside the third consecutive rise in stocks, yet S&P futures are pointing to a downside correction. Investors are cheering the Federal Reserve's unlimited ...

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Gold Prices Steady Despite Increased Coronavirus Stimulus Hopes

Gold prices were steady close to two-week highs in Asia on Friday. The coronavirus’ horrible impact on the global economy was underlined by truly horrific US employment data in the previous session but hopes for more, major governmental rescue action seems to be cushioning the blow...

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Forex Today: Dollar dumping extends, US coronavirus cases top China’s; US House vote eyed

The Asian equities tracked the Wall Street rally on Friday, induced by the US $2 trillion stimulus package. The market mood, however, remained cautious amid no stopping in the coronavirus spread globally...

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EUR/USD: Watching if bulls are able to capitalize the momentum

The Fed's unlimited QE, $2 trillion US stimulus package weighed on the USD. Thursday's key focus will be on the US macro data, Haresh Menghani from FXStreet informs...

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Crude Oil Pares Gains As Nervous Market Looks To US Jobless Claims

Crude oil prices were back close to where they began Thursday’s Asia Pacific session as it began to wind down. Early gains were pared into the afternoon’s proceedings as investors nervously awaited key US labour market data...

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Forex Today: EUR, JPY in the lead after Senate's stamp, ahead of horrible US jobless claims, BOE

Here is what you need to know on Thursday, March 26:The US Senate finally passed the $2 trillion stimulus bill to mitigate...

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EUR/USD: The picture is improving

EUR/USD Wednesday's four-hour chart is painting a positive development. Yohay Elam, an analyst at FXStreet, takes a look at the EUR/USD pair technical picture...

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Gold Futures: Upside looks capped

Traders scaled back their open interest positions by around 12.7K contracts on Tuesday, according to preliminary data from CME Group. Volume, instead, rose for the second session in a row, this time by nearly 150K contracts...

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Forex Today: Senate strikes stimulus, stocks may sell the fact, dollar pressured, coronavirus data eyed

Here is what you need to know on Wednesday, March 25:The market mood remains upbeat as the US Senate reached a deal on a...

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S&P 500 futures jump 5% and hit the limit-up band of 2,333.50

Despite the slump in the UK and Euro area services sector activity as well as the contraction in the factories, which points towards a recession, the risk-on trading action in the European trading remains unperturbed.

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GBP/USD bulls looking to extend the momentum beyond 1.1700 mark

The GBP/USD pair climbed to fresh session tops, with bulls now looking to build on the momentum beyond the 1.1700 mark despite mixed UK PMI prints...

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EUR/USD firmer above 1.0800 post-PMIs

The single currency is prolonging the upbeat mood on Tuesday and is helping EUR/USD to break above the key 1.0800 barrier to print fresh 3-day highs near 1.0870....

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EUR/USD: 35-year uptrend breached – Commerzbank

EUR/USD has eroded the 35 year uptrend at 1.0782/74 on a weekly basis. Karen Jones from Commerzbank analyzes the EUR/USD pair technically...

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Forex Today: New week, same corona carnage, dollar down vs. majors, excels elsewhere, US Senate eye

The constant increase in coronavirus cases and deaths, alongside the failure of US politicians to strike a deal on fiscal stimulus is weighing heavily on markets. US stock futures hit limit down alongside Asian stocks, and ...

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Forex Week ahead – Tougher times ahead?

The ECB disappointed the markets by not cutting interest rates at the meeting last week but responded with a massive surprise QE program on Wednesday that made up for it. The temporary bond purchases...

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Gold rallies further beyond $1500 mark, fresh session tops

Gold continued gaining some positive traction through the early European session and shot to fresh daily tops, around the $1514-15 region in the last hour...

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ECB’s stimulus package: Lagarde’s “Whatever it Takes” moment – UOB

“In an unexpected move, unveiled late on Wednesday (18 March), the European Central Bank (ECB) announced a new EUR750bn bond-buying programme, called the Pandemic Emergency Purchase Programme...

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Forex Today: Dollar takes a breather, coronavirus claims 10,000 lives, “quadruple witching” eyed

The US dollar takes a breather and is retreating after raging across the board throughout the week, as stocks find some calm after a wild week amid the coronavirus crisis. The respiratory disease has already taken the lives of over 10,000 people worldwide, with over 244,000 infected...

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Canada: BoC to keep the system running – RBC Economics

Bank of Canada (BoC) commits to do what is necessary to keep system running, Dawn Desjardins, a VP & Deputy Chief Economist at the Royal Bank of Canada reports...

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Oil: Several OPEC members calling for new action – ANZ

WTI plunged again as Saudi Arabia instructed Aramco to keep production at 12.3m barrels per day. News for the sector continued to deteriorate, economists at ANZ Research inform...

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Euro at Risk Ahead of German IFO Data and SNB Rate Decision

Preliminary German IFO data for March in the upcoming European session may amplify EUR/USD losses after ZEW data earlier this week sent the Euro tumbling below key support. While markets are rarely paying attention to...

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Crude Oil Futures: Still scope for a rebound… but when?

Traders trimmed their open interest positions once again on Tuesday, this time by around 10.3K contracts, in light of advanced figures from CME Group. In the same direction, volume went down by around 152.6K contracts...

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Gold slides further below $1500 mark, losing around 2.5% for the day

Gold extended its sharp intraday slide and weakened farther below the key $1500 psychological mark through the early European session...

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Base metals: Sign of weakening demand emerging – ANZ

Heavy selling hit the base metals, with copper posting its biggest two day loss since 2015, strategists at ANZ Research apprise...

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EUR/USD: Typical dead cat bounce ove

EUR/USD is holding onto its range in a typical "dead cat bounce" move but that may change. Tuesday's four-hour chart is pointing to the downside, as FXStreet’s analyst notes...

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Gold Prices Slide Again As Coronavirus Prompts Cash Raising

Gold prices were lower again on Wednesday even as the coronavirus’ spread continued to dominate the news cycle. Investors reportedly sold gold holdings to cover cash losses incurred elsewhere, especially in the equity market rout of the past month, as they’ve been seen doing before...

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Forex Today: Dollar dominant as markets bounce after Trump's recession talk, focus on fiscal stimulus

Stocks are in the green early on Saint Patrick's Day, after yet another massive sell-off on Monday. Concerns about the impact of coronavirus weighed heavily on the markets, triggering double-digit falls on Wall Street in the worst fall since 1987...

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BoJ Governor Kuroda: Possible to deepen negative interest rates further

The Bank of Japan (BoJ) Governor Haruhiko Kuroda, in the post-policy meeting press conference, was noted saying that today's move was made out of coordination among other countries' central banks as uncertainty remains high...

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EUR/USD: Faced rejection near the 1.1200 round-figure mark

EUR/USD remained depressed on Friday and retested weekly lows, near the 1.1055 area. Haresh Menghani, an analyst at FXStreet, takes a look at the pair from a technical perspective.

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Forex Week Ahead – Fed and BOJ to add more to the punchbowl, Virus disruption, and a fourth week of heightened volatility

A fourth week of heightened volatility will see financial markets continue to focus on the coronavirus spread across Europe and the US. The economic impact of the virus is deepening, and expectations are high for the week ahead to see another wave of massive monetary...

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US: Fed to cut 100bps at its next meeting – Deutsche Bank

Economists at Deutsche Bank have changed their forecast and are now expecting more rate cuts from the Fed at its next meeting. Meanwhile, the US dollar is showing off its safe-haven status...

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ECB: EUR/USD heading lower as looks for fiscal measures – Danske Bank

The ECB has decided to announce a multifaceted package focusing on liquidity, a temporary increase in the QE envelope of a total EUR120bn to be implemented by year-end and leaving policy rates unchanged, analysts at Danske Bank brief...

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Gold: Wave of selling also hit the yellow metal

Even the safe-haven status of gold couldn’t protect the yellow metal from the wave of selling, as strategists at ANZ Research notes. XAU/USD is recovering yesterday losses, currently trading at 1591.50...

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Gold surrenders early gains, back near $1640 level despite coronavirus-led jitters

Gold failed to capitalize on the early uptick and witnessed a modest intraday pullback, albeit has managed to hold above one-week lows set early this Thursday. Another brutal selloff across the...

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Forex Today: Trump fails to reassure coronavirus-concerned America, stocks down, gold up, ECB eyed

Here is what you need to know on Thursday, March 12:

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Euro Analysis Ahead of ECB Rate Decision and Lagarde Outlook

Overnight index swaps show markets are fully baking in a 10-basis point rate cut from the ECB after the Fed and Bank of England both unexpectedly slashed borrowing costs by 50 bps over the past two weeks. Analysts are also expecting ...

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Gold Price Pullback Fizzles Amid Speculation for More Fed Rate Cuts

The price of gold pulls back from a fresh yearly high ($1704) as global equity indices stage a rebound, but the ongoing threat posed by COVID-19 may keep the precious metal afloat as the outbreak continues to drag on the global supply chain...

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Breaking: GBP/USD tumbles as BOE surprises with 50bp cut to 0.25% ahead of UK budget

The Bank of England has announced a surprise 50 basis point rate cut from 0.75% to 0.25%...

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Forex Today: Yen rallies hard as US stimulus doubts, coronavirus fears hit stocks, USD and yields

We have a busy European calendar today, mainly dominated by the releases from the UK, including the monthly Gross Domestic Product (GDP), Industrial and Manufacturing Production, among other minority reports...

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EUR/USD resuming rise amid doubts over US fiscal stimulus

EUR/USD has resumed its rise after CNBC reported that White House plans for economic response to coronavirus are not there yet. Bond yields and stocks are reversing gains.

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Forex Today: Dollar dominates after the coronavirus crash amid Trump's tax promises, Chinese hopes

Here is what you need to know on Tuesday, March 10:After Monday's coronavirus-correlated bloodbath in markets, Asian stocks and S&P futures are up...

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Global shares plunge in worst day since financial crisis

hares around the world had their worst day since the financial crisis with the dramatic falls leading to the day being dubbed "Black Monday".The main financial indexes in the US closed down by more than 7%, while London's index of top shares ended the day nearly 8% lower...

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Forex Today: Monday mayhem, wild currency moves, Gold fakeout, oil -30%, amid coronavirus panic

Here is what you need to know on Monday, March 9:Markets are panicking with wild moves across the board, including flash crashes. Investors are increasingly worried about the spread of coronavirus and its impact on the global economy...

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Oil Prices Crash 25% As Oil War Begins

Russia has just sparked what may end up being among the ugliest oil price wars in recent history. And Saudi Arabia is firing back. As the two oil superpowers face-off, American oil companies may end up as the biggest victims...

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Forex Week ahead – Market volatility here to stay

Coronavirus fears continue to drive investors. It’s been a truly chaotic couple of weeks in financial markets, with the number coronavirus cases and fatalities accelerating outside of China, prompting authorities around the world to up their game.

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The Fed could cut rates further at the March meeting – UOB

According to UOB Group’s Senior Economist Alvin Liew and Rates Strategist Victor Yong, the Federal Reserve could reduce further its FFTR at the next meeting on March 17-18....

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Gold remains confined in a range, around $1640

Gold extended its consolidative price action through the early European session on Thursday and remained confined in a range around the $1640 region...

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EUR/USD flirting with daily highs around 1.1140

The buying interest appears to have returned to the single currency in the second half of the week, with EUR/USD trading close to the area of 1.1140, or daily peaks...

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EUR/USD – Euro Rally May Just Be Getting Started vs US Dollar

The Euro has been surging lately on the back of a big uptick in FX volatility due to the coronavirus. Finally, we are seeing some major momentum out of the single-currency, which is an encouraging sign going forward for trading...

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US Pres. Trump: Fed should ease and “cut rate big”

US President Donald Trump noted that the Reserve Bank of Australia lowered its policy rate to 0.5% to battle the economic slowdown amid the coronavirus outbreak and called upon the Federal Reserve to make a big interest rate cut...

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BoE's Tenreyro: Important to highlight that we were not in a rush to raise interest rates

"We have a very tight labour market but this is not the only factor for inflation," Bank of England (BoE) policymaker Silvana Tenreyro explained on Tuesday. "There is strong competition in the retail sector and declining business markups are weighing on inflation...

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Coronavirus update: First confirmed case in London, total infections in Iran at 1,501

Public Health England has recently announced that they have a confirmed case of coronavirus infection in south London after a member of staff at Wimbledon College became infected in Italy, as reported by Sky News...

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EUR/JPY Price Analysis: Upside stalled just ahead of the 200-day SMA

Volatility has picked up around EUR/JPY on Monday, always looking to developments from the Chinese coronavirus for near-term direction...

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Forex Week Ahead – Central Banks, OPEC + and Governments prepare to cushion the coronavirus impact

Fears of coronavirus pandemic spreading delivered a global equity rout that took all the major indexes into correction territory with some seeming poised to enter a bear market. Volatility is back in a big way as...

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US: Markets not focused on Super Tuesday

Markets are not going to pay much attention to the Tuesday results. The nomination is five months away and the Coronavirus has the full attention of traders everywhere...

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ECB's Vasiliauskas says extraordinary meeting may be called over coronavirus, EUR/USD off the highs

Vitas Vasiliauskas, a member of the European Central Bank, has said that the Governing Council may call an extraordinary meeting to decide on a response to the coronavirus outbreak...

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Markets in freefall: Carney warns UK faces downgrade over coronavirus – latest updates

Even gold has come off slightly over the week, with palladium the sole metal posting gains. As for the others, it has been especially brutal for energy commodities (i.e. oil)...

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ECB's Schnabel: Coronavirus increased uncertainty about global growth outlook

The coronavirus outbreak has increased the uncertainty about the global economic growth outlook, noted Isabel Schnabel, Member of the Executive Board of the European Central Bank, while speaking at the Barclays International Monetary Policy Forum on Thursday...

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EUR/USD now looks to 1.0925 – UOB

In opinion of FX Strategists at UOB Group, a breakout of 1.0925 should allow EUR/USD to attempt a move to 1.0980 in the near-term....

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Gold clings to gains near session tops, around $1650 region

Gold traded with a mild positive bias through the early European session and is currently placed near the top end of its daily trading range, around the $1650 level.As investors remain concerned over the global outbreak of the deadly coronavirus and its impact on the world economy...

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Forex Today: Coronavirus clobbers markets, dollar on the defensive (for now), Bitcoin battered

Here is what you need to know on Wednesday, February 26:Markets are trying to find their feet after the second consecutive day of 3%+ drops in US shares...

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Euro Outlook Somber as COVID-19 Threatens EU Corporate Debt

On Monday, the Euro Stoxx 50 index plunged 3.5 percent, while the cost of insuring sub-investment grade corporate entities surged to its highest level since October. The spread on credit default swaps for Mediterranean...

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Gold corrects further from multi-year tops, slides to $1635 area

Gold witnessed some follow-through long-unwinding trade on Tuesday and extended the previous session's sharp intraday retracement from seven-year tops...

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Forex Today: Turn-up Tuesday? Dollar, stocks bouncing, Gold down, after coronavirus-related plunge

Here is what you need to know on Tuesday, February 25: S&P futures are on the rise after a massive...

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EUR/JPY Price Analysis: Decline is challenging the 200-day SMA

Following three consecutive sessions with gains, EUR/JPY has now come under selling pressure and is testing the 120.40 region, where sits the critical 200-day SMA...

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US Dollar Index Price Analysis: Still scope for a move to 100.00

DXY has started the week on a positive note and is now managing well to rebound from Friday’s lows near 99.30 on the re-emergence of the risk-off sentiment.Friday’s pullback for the index to recede from overbought levels, although the underlying bullish view remains unaltered for the time being...

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Forex Week ahead – Race to face the Don

Key Economic Releases and EventsThe week ended on a more anxious note after all the optimism a week earlier, when investors were lauding the decelerating new coronavirus cases. There’s still optimism that the corner has been turned but now it’s the corporate side that’s spooking investors...

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FED: Three arguments for a rate cut – Nordea

Analysts at Nordea have changed their forecast. They still expect the Fed to cut, but in June, as March is probably too early given the lack of FOMC speak on the subject and the generally positive key figure surprises during the first week of February...

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