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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.

FOMC minutes preview

In the view of analysts at Barclays, the FOMC minutes is likely to provide fresh hints on the timing of the Fed balance sheet normalization process, while could express concerns over the US inflation outlook.

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FOREX Tech Targets

EUR/USD: Neutral (since 07 Aug 17, 1.1785): Bearish if NY closing below 1.1680.The ease of which the 1.1750 support was taken out came as a surprise. As highlighted yesterday, “a break below 1.1750 would indicate a retest of last week’s low near 1.1685/90”.

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Oil prices set to fall?

Bloomberg quoting a person familiar with the matter, citing that Libya’s biggest oil field Sharara, reopened for business and increased output to 230,000 barrels a day Tuesday from 200,000 barrels on Sunday.

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Asian markets Update

Asian equity markets lacked direction Wednesday following a rebound earlier in the week, tracking a muted performance overnight on Wall Street.The Shanghai Composite Index SHCOMP, -0.18% was down 0.5% as trading kicked off, with large caps succumbing to selling pressure following recent strength. Stocks were higher in Hong Kong though, with the Hang Seng Index HSI, +0.51% up 0.5%.

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Gold recovers to $1282

Fresh bids emerged just ahead of 10-DMA at $ 1277.81, allowing a tepid bounce in Comex Gold futures in the European session.All eyes on US retail sales

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FOREX Tech Targets

EUR/USD: Neutral (since 07 Aug 17, 1.1785): EUR to remain underpinned as long as above 1.1750.There is not much to add as we continue to expect EUR to stay underpinned as long as 1.1750 is intact

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NZD/USD fails to resist

The NZD/USD pair reverses half the Asian advance and falls back below 0.73 handle, as the US dollar extends the upside against its major peers.NZD/USD back below 5-DMA at 0.7300

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BoJ Aso Comments

Japanese Finance Minister Taro Aso was on the wires earlier today, via Reuters, commenting on Japan’s capex and housing investment.

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Asia Market Update

Global stocks continued to rebound Tuesday, getting a fresh lift as North Korea pulled back its threat to attack Guam.After days of heated rhetoric between North Korea and President Donald Trump, Pyongyang dialed back the political tensions Tuesday with North Korean state media saying Kim Jong Un had decided not to fire missiles at the U.S. territory.

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EUR/USD weaker

The EUR/USD pair keeps losses and remains within the striking distance of daily lows reached at 1.1792, following the release of downbeat Eurozone industrial production data. EUR/USD: Focus shifts to US retail sales

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FOREX Tech Targets

EUR/USD: Neutral (since 07 Aug 17, 1.1785): EUR to remain underpinned as long as above 1.1750. As indicated last Friday (11 Aug), a move back above 1.1830 would indicate that the mild downward pressure has eased.

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GBP/USD - 1.30 to the tes

The Sterling is losing the grip at the beginning of the week, now dragging GBP/USD to the lower bound of the range around 1.3000 the figure.

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EUR/USD - Bull Trap

Following two consecutive Doji like candles with long lower shadows, the EUR/USDpair rallied to a high of 1.1848 on Friday. The gains were fuelled by a weaker-than-expected US inflation release and the resulting drop in the Fed rate hike odds.

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Asian Markets Update

Stock markets across Asia were higher on Monday following last week’s pullback, as senior U.S. officials over the weekend sought to play down risks of a military conflict with North Korea.

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USD/JPY flat-lined

The USD/JPY pair extended the consolidative price action and remained within striking distance of multi-week lows refreshed earlier today.

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NFP to increase by 175k in July

Analysts at HSBC present a brief preview on what to expect from the upcoming US jobs numbers slated for release at 1230GMT.

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EUR/USD flirting with highs

The demand for the single currency remains solid at the end of the wee, now pushing EUR/USD to the upper bound of the range just below the key 1.19 handle.EUR/USD looks to NFP

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Aussie rescued

The US Dollar traded with mild weakness in a generally quiet Asian session on Friday. News report that special counsel Robert Mueller impaneled a grand jury to investigate allegations of Russia’s interference in the 2016 elections was seen weighing on the greenback

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Asian Markets Update

Stocks continued to struggle for direction amid slow late-summer trading, as investors paused following strong gains this year and ahead of the U.S. employment report due later Friday.

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BoE hawks can't help

Oliver Harvey, Macro Strategist at Deutsche Bank, expects the Bank of England to remain on hold today, but not to out-dove the market.

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Forex Tech Targets

EUR/USD: Bullish (since 19 Jul 17, 1.1550): 1.2000 is the next target but could be a bridge too far. We indicated yesterday that unless EUR can ‘punch’ above 1.1845 within these few days, the odds for further upward extension would diminish

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GBP/USD finds support

The Sterling has recovered the ground lost during early trade, now prompting GBP/USD to return to the vicinity of 1.3230 after bottoming out near 1.3210.

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Oil dips

Oil benchmarks traded under pressure in Asia as traders took note of the rise in the Saudi and Russia oil shipments to yearly highs in July.

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Asian markets pull back

Geopolitics helped prompt profit-taking in Asian shares Thursday following this week’s strength.

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USDJPY stabilizing

In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, spot could try to stabilize in the 110.27/109.75 band for the time being.

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FOREX Tech Targets

EUR/USD: Bullish (since 19 Jul 17, 1.1550): Odds for further extension would diminish unless there is clear break above 1.1845 soon. EUR traded in a relatively narrow range of 1.1784/1.1845 yesterday. The bullish phase that started 2 weeks ago is still intact but upward momentum is beginning to show signs of slowing.

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US Rates

The Fed’s QE Treasury holdings will soon begin to roll out of its portfolio as treasury bonds held by the Fed act like floating rate debt for the budget, so the Treasury is likely to replace them with bills.

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Oil prices capped

According to the results of the latest CNBC poll of energy strategists, traders and economists, oil prices are expected to remain capped around $ 50/ barrel this quarter, as the OPEC’s efforts to rebalance markets will be somewhat offset by the US shale output growth.

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BOJ’s Headlines

Reuters out with additional headlines from the BOJ board member Funo, this time calling for reforms to help achieve 2% price target.

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BoE Preview

Analysts at Deutsche Bank suggest that their expectation is that UK monetary policy will remain unchanged again in August. Key Quotes:

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AUD: 'Patience Will Pay'

ANZ FX Strategy Research argues that much of the good news that has propelled the AUD through the last month–looks well priced into the currency.

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Forex Tech Targets

EUR/USD: Exited rest of long position at 1.1800. Despite our reservation about the overbought conditions, the ongoing mess in White House gave EUR a fillip and sent it soaring above the strong 1.1800 resistance (overnight high of 1.1845

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Oil hovers above $52

Oil futures pushed to session highs on Tuesday, adding to more than a week straight of gains which have allowed the U.S. benchmark to move back above $50 a barrel for the first time in two months, lifted by growing optimism that the market is tightening.

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EUR/USD - Another leg higher?

EUR/USD jumped to a high of 1.1846 on Monday on the back of a broad based USD sell-off even though the 10-year US Treasury yield rose to 2.30% and the US-German 10-yr yield spread improved to 1.76 from the previous day’s print of 1.74.

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Asian markets Update

Equities continued to rise Tuesday, with Asian stocks starting August widely higher during what has been a strong earnings season so far.

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FOREX Week Ahead

Credit Agricole CIB FX Strategy Research expects next week’s RBA policy meeting to reaffirm the central bank's neutral stance, noticing that the RBA has so far resisted calls to join the group of G10 central banks that have moved closer to policy normalization recently.

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EUR/USD weakness short-lived?

Aila Mihr, Analyst at Danske Bank, sees potential pullbacks in spot to remain brief in the near/medium term. Key Quotes:

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Forex Daily Targets

EUR/USD: Bullish (since 19 Jul 17, 1.1550): Longs should exit rest of position at 1.1800. As indicated in the Chart of the Day update last Friday, we are aware of the current overbought conditions and in order to maintain the bullish impetus, EUR has to continue to march higher.

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BOE Preview

Analysts at Barclay offer fresh insights on what to expect from the BOE policy decision, accompanying minutes and quarterly inflation report slated for release this Thursday.

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ECB: QE exit strategy

Remarks from the European Central Bank (ECB) Governing Council member Sabine Lautenschlaeger on the bank’s monetary policy program were published in the Mannheimer Morgen newspaper over the weekend.

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Asia Market Update

Asian shares generally started Monday with slight declines as investors took profits on the last day of a largely positive month for stocks in the region that benefited from robust earnings and higher commodity prices.

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FOREX Week Ahead

US economic fundamentals to drive dollar this week. The US dollar is lower against the major pairs after the political uncertainty in Washington and mixed economic fundamentals took their toll on the greenback.

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Dollar spins wheels

The U.S. dollar churned lower against most rivals save for the depreciating Swiss franc on Friday ahead of an update on the broadest measure of the U.S. economy—a GDP report that could help shape the Federal Reserve’s so far slow-moving approach to interest rates.

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EUR/USD refreshes daily tops

EUR/USD caught a fresh bid tone last minutes, with the bulls taking the rate back above Aug 2015 tops in a bid to print fresh daily top at 1.1717. EUR/USD awaits fresh impetus from the US growth numbers.

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USDJPY flirting with lows

Following yesterday's volatile swing, the USD/JPY pair came under some renewed selling pressure on Friday and was seen flirting with the 111.00 handle.

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CHF weakest in Asia

FX today witnessed an eventful Asian session on the final trading day of this week, with plenty of economic data reported from the Japanese docket, offering limited support to the Yen bulls

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Australia: Key events

In view of analysts at Deutsche Bank, the key events over the week ahead for Australia will be the RBA's monthly board meeting and also the release of the August Statement on Monetary Policy.

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Yen loses ground

The USD/JPY pair witnessed volatile moves in early Asia on the release of the Japanese data dump, although steadied towards late-Asia/ early Europe, as focus remains on the USD price-actions ahead of the critical US Q2 advance GDP release.

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EUR/USD - US data eyed

Fresh bids emerged at the resistance-turned support Aug 2015 highs in the European session, allowing the EUR/USD pair to attempt a minor-recovery back towards 1.1750 levels.

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BoC takes a look forward

Analysts at ING point out that the BoC has hiked rates for the first time in seven years, despite all measures of inflation undershooting the target.

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FOREX Tech Targets

EUR/USD: Bullish (since 19 Jul 17, 1.1550): Still bullish, the next level to focus on is at 1.1800. We warned of the increased risk of a short-term top yesterday unless “EUR can punch above 1.1710 soon”. Thanks to Fed, EUR surmounted this level easily and hit overnight high of 1.1739.

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FED - What's next?

The FOMC has three meetings left this year, in September, November, and December. Since the November meeting does not have a press conference the Committee is likely to have September and December in mind for its next moves

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FOMC Overview

All in all, there were few changes in the wording suggest that the Fed maintains basically the same view as in June, that growth picked up in Q2 from a weak start to the year.

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UK GDP, the Fed & Oil

It should be an interesting day for markets today, with the UK releasing data on second quarter growth this morning, the US Federal Reserve announcing its latest decision this evening and crude inventory data being released after API reported a substantial reduction.

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USD cautious ahead of FOMC

The US Dollar Index – which tracks the buck vs. a basket of its main rivals – is extending the recovery to the vicinity of the 94.00 handle ahead of the European opening. US Dollar focus on FOMC

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FOREX Tech Targets

EUR/USD: Bullish (since 19 Jul 17, 1.1550): Failure to clear 1.1710 has increased risk of a short-term top. We stated in recent updates that the level to focus on is at the Aug 2015 high of 1.1710. EUR tested this level yesterday with a high of 1.1711. The failure to clear this critical level amidst overall overbought conditions indicates an increased risk of a short top

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Gold drops below 50-DMA

Gold prices fell below the 50-DMA level of $1249.45 and extended losses to $1246 (23.6% Fib R of $1204.70-$1258.79) as the political relief in Washington strengthened the US dollar.

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EUR/USD - bullish, focus on Fed

The EUR/USD pair clocked a high of 1.1713 (highest since Aug 2015) on Tuesday before closing out almost on a flat note at 1.1645. The ‘gravestone doji’ look-alike candle signals bull market exhaustion, which gels well with the overbought 14-day RSI.

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Gold settles lower

Gold tried but failed to extend its streak of gains, with prices settling slightly lower as the U.S. dollar strengthened a bit after last week’s sharp loss.

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AUD pain point

The recent strong appreciation of AUD has complicated the adjustment underway in the Australian economy, according to Tim Baker, Strategist at Deutsche Bank. Key Quotes:

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FOREX Tech Targets

EUR/USD: Bullish (since 19 Jul 17, 1.1550): Took half profit at 1.1660, focus on 1.1710 next.EUR gave back most of last Friday’s gain and closed lower at 1.1638. The strong upward pressure that started post-ECB last Thursday has eased and the current price action is viewed as a short-term consolidation phase that could last for a few days.

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EUR/USD breaks higher

The EUR/USD pair finally broke its overnight consolidative mode and jumped higher last hour in a bid to test the immediate resistance located near 1.1660 region. EUR/USD awaits German Ifo

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BoC To Match Fed

BNP Paribas FX Strategy Research notes heading into June, the market consensus was that, with Canada operating under a large output gap, policy tightening would likely be unnecessary for some time – even as the economy grew at or above trend.

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GBP/USD neutral to negative

Cable’s outlook is seen neutral to negative for the time being, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank.

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USD/JPY slides farther

The USD/JPY pair prolonged its bearish trajectory and dropped to over one-month lows near the 110.65 region during European trading session on Monday.

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EUR/USD within range

The single currency keeps the negative tone on Monday following the release of EMU’s PMI, with EUR/USD navigating the lower end of the range around 1.1640/30. EUR/USD offered on PMI, USD-buying

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FOREX Daily Targets

EUR/USD: Bullish (since 19 Jul 17, 1.1550): Took half profit at 1.1660, focus on 1.1710 next. The partial profit taking level suggested last Friday at 1.1660 was exceeded as EUR hit a high of 1.1682.

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Canada: Odd one out?

Analysts at ANZ explain that it had felt like downside inflation surprises had become the flavour of the month, with a number of countries (including New Zealand of course) seeing their latest inflation prints undershoot expectations, but Canada appears to have bucked that trend, with its measure of core inflation rising in June.

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Gold - Risk reversals

Gold prices rose to a 4-week high of $1257.18 in early Asia, tracking the weakness in the USD index and the Asian equities.

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FOREX Week Ahead

Political uncertainty sinking Dollar - The US dollar is weaker against most of majors after a week where there was little on the US economic calendar with the spotlight on Washington’s rising political tensions. The investigation into Russian ties during the presidential election...

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Gold at 3-week high

Gold prices rose to a three-week high on Thursday after European Central Bank President Mario Draghi said ECB policymakers would discuss potential changes to the bank's bond-buying scheme in the autumn, lifting the euro to a 14-month high.

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ECB Review

The ECB kept unchanged policy rates, its QE programme, its forward guidance and QE easing bias, notes the research team at Danske Bank. Hence, the ECB is still signalling its readiness to increase the size and/or duration of the QE purchases, they further add.

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FOREX Tech Analysis

EUR/USD: Bullish (since 19 Jul 17, 1.1550): 1.1615 target exceeded, focus on 1.1710 next. When we shifted to a bullish stance on Wednesday, we were of the view that the rally in EUR is ‘over-extended’ and expected...

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GBP/USD: Range-play continues

The GBP/USD pair extended its overnight trend into Asia and remained better offered amid a minor-recovery staged by US dollar across the board and risk-off market profile.

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EUR/USD freight train

Thursday’s press conference was one of those rare occasions when the ECB President Draghi failed to talk down the Euro.

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GBP/USD reverses sharply

The GBP/USD pair failed to sustain the bounce above 1.30 handle, despite a Big beat seen in the UK retail sales data, knocking-off the rate sharply towards the mid-point of 1.29 handle.

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ECB cautious today

FX Strategists at UOB Group assessed the prospects of today’s ECB meeting.

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FOREX Daily Analysis

EUR/USD: Bullish (since 19 Jul 17, 1.1550): Over-extended but room for extension to 1.1615. We just shifted to a bullish stance yesterday and there is no change to the view.

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AUD on a tear

Analysts at ANZ suggest that whether you put it down to the more upbeat RBA minutes, the 30-odd% recovery in iron ore prices, the fact that Chinese activity has been surprising on the upside, or the generally weaker USD backdrop, the AUD has been on a tear of late...

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Asia Markets Update

Equity markets in Asia extended overnight gains in the U.S. early Thursday, lifted by expectations of upbeat earnings reports and higher oil prices, though investor caution over central-bank action has capped the upside.

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EUR/USD positive but cautious

In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, EUR/USD's stance remains positive albeit begs some caution.

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Gold corrects after recent rally

Gold took a breather after its recent upsurge and traded with minor losses on Wednesday, snapping three consecutive days of winning streak to near three week tops.

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FOREX Tech Targets

EUR/USD: Shift from neutral to BULLISH: Over-extended but room for extension to 1.1615. The clear break above the top end of our expected 1.1380/1.1550 consolidation range indicates that EUR has moved into a bullish phase again.

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BOJ - What to Expect

Analysts at Goldman Sachs on what to expect from tomorrow’s BOJ monetary policy decision and accompanied outlook report.

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Asia Market Update

Equity markets lacked direction in Asia on Wednesday, as was the case overnight in the U.S., though Australian stocks outperformed on strong gains among the country’s biggest banks.

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Waiting for Draghi

As Europe’s central banks forge a path out of extreme monetary policies, all roads go via Frankfurt. Policy makers from Stockholm to Bucharest are now waiting for their colleagues at the European Central Bank to kick off unwinding the record stimulus that was unleashed in the aftermath of the global financial crisis

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EUR/USD:markets stay wary

CME Group’s advanced data for the 6EU7 contract expiring on August 4 showed ITM (‘in of the money’) Calls increasing by 906 contracts on Monday vs. a gain of 107 contracts in OTM Calls

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FOREX Daily Targets

EUR/USD: Neutral (since 13 Jul 17, 1.1415): In a higher range of 1.1380/1.1550. Despite the strong daily closing, we continue to hold a neutral view for this pair.

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Gold at 2-week high

Gold jumped to two-week high of $1237.94 in Asia on broad based USD selling.

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Asian markets Update

Asian shares were broadly weaker Tuesday, with Chinese stocks stabilizing after Monday’s slump and Japanese stocks falling in reaction to the dollar’s weakness.

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Gold inches higher

Gold prices edged up on Monday as the US dollar fell to multi-month lows after the prospect for further interest rate increases in the US this year dimmed following softer US economic data last week. The US government reported on Friday that consumer prices were unchanged in June and retail sales declined for a second consecutive month.

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GBP/USD stays bid

In light of the recent price action, Cable remains bid in the near term horizon, noted Karen Jones, Head of FICC Technical Analysis at Commerzbank.

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USDJPY: Pullback in US rates

The pullback in US rates may have been the spur that snapped a four-week dollar advancing streak against the Japanese yen, according to analysts at BBH.

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FOREX Daily Targets

EUR/USD: Neutral (since 13 Jul 17, 1.1415): In a higher range of 1.1380/1.1550. Despite the strong daily closing, we continue to hold a neutral view for this pair. The price action still looks like the early stages of a rising wedge. However, EUR is more likely to trade at a higher 1.1380/1.1550 range instead of the 1.1320/1.1520 expected previously.

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EUR/USD on the back foot

Having peaked at 1.1475, the EUR/USD pair ran through fresh sellers in the Asia session, as a renewed risk-on wave gripped the markets on upbeat Chinese data dump, which dampened the sentiment around the funding currency Euro.

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Asia Market Update

Chinese equity markets tumbled shortly after trading began on Monday, dragged down by a plunge in small-cap stocks after an injection of liquidity by the nation’s central bank spooked investors.

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Market Events to Watch

Forex Market Events to Watch the Week Ahead

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FOREX Week Ahead

US CPI and retail sales miss raise concerns on further Fed rate hikes. The US dollar is lower across the board after the release of the US retail sales and consumer price index (CPI) data on Friday. The CPI was unchanged from June and retail sales in the United States fell for the second month in a row

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Fed: stocks to record hights

Global stocks scaled record highs on Friday, capping their best week in over two months as the dollar stayed close to nine-month lows, with bets on a gradual U.S. Federal Reserve rate hike path and hopes for a strong earnings season boosting risk appetite.

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EUR/USD supported by rumours

The single currency stays bid during the European morning, with EUR/USD navigating the area above 1.1400 the figure. EUR/USD supported by ECB rumours, looks to US CPI

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