A UNIQUE FOREX BROKER WITH TIGHT SPREADS OFFERING MT4 | CTRADER | FIX API | PAMM | CUSTOM LIQUIDITY

ANALYZE THIS...

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.

FOREX Tech Targets 21.08.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

We highlighted yesterday (20 Aug, spot at 1.1435) that “the bearish phase appears to be close to ending” and the break of 1.1460 indicates that the outlook for EUR has shifted to neutral.

READ MORE

Pound falls as focus turns to Brexit

Sterling fell on Monday as the dollar rebounded and investors shifted their focus to impending talks that may decide whether Britain gets a trade deal with the European Union before it quits the bloc.

READ MORE

Dollar little changed ahead of anticipated U.S.-China talks

The dollar edged higher on Monday as confirmation was awaited that there will be talks this week between China and the United States, which markets hope will lead to an easing of their trade disputes.

READ MORE

FOREX Tech Targets 20.08.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

Instead of consolidating and trading sideways, as expected last Friday (17 Aug, spot at 1.1375), EUR extended its rebound and hit a high of 1.1445. The ‘stop-loss’ for our bullish view at 1.1460 appears to be vulnerable and a break of this level would indicate that the bearish phase that started early last week has ended.

READ MORE

Turkish Lira rally halted on U.S sanctions threat

Global trade worries have not disappeared, they are just on hiatus, as market participants prefer to regroup and strategize in this unorthodox U.S trade and foreign policy environment.

READ MORE

US Dollar Index challenges lows near 96.30 post-U Mich

The index is down for the second session in a row at the end of the week, re-visiting lows in the 96.30/20 band although managing well to close the fourth week with gains, including a new YTD peaks in the 97.00 neighbourhood (August 15).

READ MORE

Japan: Risk of disappointing exports this summer – Nomura

According to Japan’s Ministry of Finance trade statistics, nominal exports in July 2018 were up 3.9% y-y, below the consensus (Bloomberg survey median) forecast for a rise of 6.3%, and nominal imports were up 14.6%, in line with the consensus forecast for a rise of 14.2%, notes the research team at Nomura.

READ MORE

Weaker gold heads for 3% weekly drop

Gold found little traction even as the leading dollar index also churned in the red.The dollar, up modestly for the week but surging more than 3% in just the last three months, remains the key driver for the precious metals. A firmer buck, which makes buying gold more expensive to investors using another currency, remains near a roughly 14-month peak.

READ MORE

USD/JPY outlook still unclear, rangebound likely near term – UOB

Instead of extending its decline (as expected yesterday), USD rebounded strongly from a low of 110.45. The underlying tone has improved with the recovery but any further USD strength is not expected to break above the major 111.50 resistance (minor resistance is at 111.30). Support is at 110.65 followed by 110.40.

READ MORE

EUR/USD faces some rangebound near term – UOB

We expected EUR to “trade sideways to slightly higher” yesterday but the registered range of 1.1333/1.1409 was much higher than our anticipated consolidation range of 1.1315/1.1375. Nevertheless, we continue to view the current price action as part of a broader consolidation phase and expect EUR to trade sideways from here.

READ MORE

US said to seek to pressure China to lift the Yuan in talks – New York Times

Reuters reports a story carried by the New York Times on Friday, citing that the US will seek to pressure China to lift the Yuan in trade talks likely to be held later this month.

READ MORE

China, U.S. to hold lower-level trade talks in late August

China will hold a fresh round of trade talks with the United States in Washington later this month, Beijing said on Thursday, offering a glimmer of hope for progress in resolving a conflict that has set world financial markets on edge.

READ MORE

Fitch Ratings: Brexit uncertainty makes smooth transition less likely

The global rating agency, Fitch Ratings' in an update released this Wednesday said that Brexit uncertainty makes the smooth transition less likely and slow progress in negotiations with the EU aren't helping that either.

READ MORE

GBP futures: U-turn near term?

READ MORE

AUD/USD Technical Analysis: Consolidates daily gains above 100-hour SMA

An unexpected fall in the Aussie unemployment rate helped the pair to break out of a short-term descending trend-channel formation on the 1-hourly chart. The pair now seems to have entered a consolidation phase and trying to establish a firm near-term firm base above the 100-hour SMA amid a weaker tone surrounding the USD.

READ MORE

Euro rebounds from 13-month lows, dollar weakens on U.S.-China talks

Many emerging market currencies also rose, clawing back some of Wednesday’s losses thanks to easing fears over the knock-on effects from a slide in the Turkish lira.

READ MORE

FOREX Tech Targets 16.08.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

We have held the same view since Monday (13 Aug, spot at 1.1400) that there is “room for further weakness” in EUR and the price action since then coincides with our expectation. EUR dipped to an overnight low of 1.1297 and as highlighted yesterday (15 Aug), the next ‘target’ at 1.1285 is likely within reach this week.

READ MORE

Dollar rises to 13-month high, offshore yuan falls

The dollar climbed to its highest level in over 13 months against a basket of currencies on Wednesday as investors stepped up their safe-haven holdings of the greenback due to worries about slowing Chinese growth and Europe’s exposure to Turkey.

READ MORE

EUR/USD drops to fresh lows closer to 1.1300

Spot is now resuming the downside following another knee jerk in the EM FX space, where the Turkish Lira is giving away part of its daily gains after the Turkish court ruled out another appeal for the release of US pastor A.Brunson and the US sanctions kick in.

READ MORE

USD/JPY Technical Analysis: Challenges ascending trend-channel support ahead of US retail sales data

The pair has been trending higher alongside an ascending trend-channel formation on the 30-min chart, albeit descending trend-line now seems to hinder the positive momentum. Technical indicators on the mentioned chart have also started losing traction and hence, weakness below the trend-channel support would negate prospects of any further up-move.

READ MORE

GBP/USD reverses a dip below 1.2700 on UK CPI

The GBP/USD pair reversed a knee-jerk dip to fresh session lows at 1.2698 following the release of the UK CPI report and regained the 1.27 handle, as markets digested the upbeat annualized CPI reading.

READ MORE

No end on sight for the bearish phase in AUD/USD – UOB

AUD extended its recent weakness as it hit a ‘fresh’ low of 0.7224, just a few pips above the strong 0.7220 support. Despite the decline, we do not detect a significant improvement in downward momentum.

READ MORE

FOREX Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

In line with expectation, EUR extended its decline as it hit a ‘fresh’ low of 1.1328 yesterday. As highlighted on Monday (13 Aug, spot at 1.1400), there is “room for further weakness in the coming days” and the next level to focus on is at 1.1285 followed by 1.1185.

READ MORE

NY Fed: Total household debt increased by $82 billion (0.6%) in Q2

Total household debt increased by $82 billion (0.6%) to $13.29 trillion in the second quarter of 2018," The Federal Reserve Bank of Ne York announced in its report titled 'Quarterly Report on Household Debt and Credit.

READ MORE

UK's Hunt: Risk of a no-deal Brexit has been increasing

British foreign secretary Jeremy Hunt recently crossed the news wires saying that the risk of a no-deal Brexit had been increasing, as reported by Reuters. There is absolutely no guarantee that we will get a deal. We need to see a change in the attitude of the EU commission. Everyone needs to prepare for the possibility of a chaotic no-deal Brexit.

READ MORE

NZD: Pressurized by dovish RBNZ - Westpac

The catalyst for the break lower was the RBNZ’s dovish MPS, where it shifted its OCR forecast lower by as much as 29bp. The RBNZ is now not fully projecting a hike until Q1 2021. A lower growth outlook clearly has the RBNZ concerned.

READ MORE

Gold Review: Struggles near 19-month low, chart set-up points to continuation of the downfall

Gold seesawed between tepid gains/minor losses through the mid-European session and was seen consolidating overnight slump to the lowest level since late-Jan. 2017. Despite a rout across global financial markets, triggered by crashing Turkish Lira, the precious metal came under some intense selling pressure on Monday and finally broke below the $1200 psychological round figure mark.

READ MORE

GBP/JPY spikes and retreats, steadies near 142.00 mark post-UK jobs data

According to the latest UK employment details, released this Tuesday by the Office for National Statistics (ONS), the unemployment rate unexpectedly dropped to 4.0% during the past 3 months to July. Against the backdrop of a slight improvement in global risk appetite, which was seen weighing on the Japanese Yen's safe-haven appeal, the data provided a minor lift to the cross.

READ MORE

Germany again bucked the trend in Europe - Rabobank

Analysts at Rabobank suggest that this morning’s data revealed that Germany again bucked the trend in Europe as the German economy did not meaningfully slow down, after having settled at a slightly slower growth rate than the extraordinary pace in 2017.

READ MORE

Canada: CPI to take centre stage this week - NBF

Analysts at National Bank Financial suggest that in Canada, a lot of attention will be on July’s consumer price index and the headline CPI may have increased 0.1% m/m (not seasonally adjusted), supported by an above-average rise in gasoline prices. This would allow the annual inflation rate to increase one tick to 2.6%. The annual rate of CPI-common, for its part, should remain unchanged at 1.9%. In June, manufacturing shipments may have posted another decent advance based on a healthy increase in exports of factory goods during the month

READ MORE

Pound pummelled by stronger dollar, mounting Brexit fears

Sterling slid to its lowest level since June 2017 on Friday as a stronger dollar and continued concerns that Britain could leave the European Union without a trade deal pushed investors to sell pounds. The British currency dropped 0.8 percent to as low as $1.2723, roughly in line with the dollar’s large rise against a basket of major currencies.

READ MORE

AUD/USD moves into a bearish phase – UOB

We expected “a dip below 0.7348” last Friday but AUDplunged instead and hit a low of 0.7280 (before extending its decline early this morning to 0.7251). The rapid decline appears to be running ahead of itself and while a dip below 0.7250 would not be surprising, we do not expect a sustained decline below this level (next support is at 0.7220).

READ MORE

USD/JPY negative, room for a test of 109.35 – UOB

Expectation for sideway trading last Friday was wrong as USD dropped to hit a low of 110.48 (before extending its decline this morning to a low of 110.33). Despite the decline, downward momentum is patchy at best and we do not expect further USD weakness from here.

READ MORE

Gold Technical Analysis: Traders await a convincing break through near-term trading range

The commodity remains confined within a broader trading range, held over the past week or so, and hangs near YTD lows set early this month. The near-term range play constitutes towards the formation of a rectangular chart pattern on the 1-hourly chart, indicating consolidation phase before the next leg of directional move.

READ MORE

FOREX Tech Targets 13.08.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

While we have the same view that EUR is expected to “retest the major 1.1500/10 support zone” since 03 Aug (spot at 1.1585), the ‘freefall’ upon the break of this major level last Friday (10 Aug) was not exactly expected.

READ MORE

FOREX Week Ahead: Dollar Higher as Risk Appetite Vanishes

The US dollar appreciated versus most major pairs on Friday. The Japanese yen outperformed the greenback as a safe haven, but all other major currencies suffered heavy losses during the week.

READ MORE

Japan: Growth surged by 0.5% q/q - Rabobank

Analysts at Rabobank point out that this morning saw the publication of Japan’s first preliminary estimate of Q2 GDP and the growth surged by 0.5% q/q, and as a result returned into positive territory for this year after the small 0.1% decline in the first quarter.

READ MORE

Sterling steadies near 11-month lows after Brexit slide

Sterling steadied near 11-month lows on Thursday after a decline this week that was fueled by investor fears Britain will leave the European Union without an agreement on its future relationship with the bloc.

READ MORE

Yuan eases, set to extend longest losing streak to nine weeks

While traders believe the risk of a similar sudden devaluation in the yuan is unlikely for now, both Washington and Beijing appear to be digging in for a protracted trade battle that will keep pressure on the currency and the Chinese economy.

READ MORE

Gold Review: Weekly trading range intact ahead of US CPI

The near-term range-bound price action constituted towards the formation of a rectangular chart pattern on the 1-hourly chart, suggesting a brief pause in the trend. The pattern, however, is not complete until a decisive breakout in either direction has occurred and hence, it would be prudent to wait before positioning for a firm near-term direction.

READ MORE

GBP/USD stays bearish, next target at 1.2675 – UOB

GBP extended its decline and hit a fresh multi-month low of 1.2819 yesterday (09 Aug). While severely oversold, there is no sign that the current weakness is about to stabilize just yet and from here, further decline towards the next major support at 1.2775 would not be surprising. For today, we do not expect a sustained break below this level (next support is at 1.2735).

READ MORE

NZD/USD struggles below 0.6600 mark, lowest since March 2016

The New Zealand Dollar came under some intense selling pressure on Thursday in reaction to RBNZ's more accommodative policy stance, now forecasts the first hike in the third quarter of 2020 - a full year later than previously projected.

READ MORE

Bearish bets on most Asian currencies recede slightly - Reuters poll

Investors trimmed bearish bets on most emerging Asian currencies over the last two weeks, as renewed trade war concerns were cushioned by regional central bank efforts to shore up their currencies, a Reuters poll showed.

READ MORE

EUR/JPY room for a test of 128.11 – Commerzbank

EUR/JPY still targets the June 8 low at 128.11 which will be in focus once the July 4 and current August lows at 128.51/49 have given way. Below the 128.11 level the late June low can be spotted at 127.15.

READ MORE

Gold struggles for a firm near-term direction, holds within 1-week old trading range

The precious metal has struggled to register any meaningful recovery and remains within striking distance of YTD lows, set last Friday. A combination of diverging forces failed to provide any meaningful impetus and led to the recent subdued trading action within a broader trading range, held over the past one week or so.

READ MORE

EUR futures: upside limited near term

According to CME Group’s preliminary figures for EUR futures markets, traders scaled back their open interest positions by 618 contracts on Wednesday from Tuesday’s final 507,186 contracts. Volume followed suit, increasing by almost 5.9K contracts.

READ MORE

AUD/USD Technical Analysis: Struggles to break through a descending trend-line hurdle

The pair's recent rise over the past one week or so once again stalled near a short-term descending trend-line hurdle, also coinciding with 55-day SMA. The pair remains within an eight-week-old broader trading range and diverging technical indicators on the daily/4-hourly chart also fail to support any firm directional bias.

READ MORE

Sterling extends fall vs dollar, nears one-year low

Sterling extended losses on Thursday, falling 0.3 percent against the dollar to approach a one-year low as markets grow nervous Britain will leave the European Union without an agreement on its future relationship with the bloc.

READ MORE

GBP/USD Review: Bearish pressure remains unabated, lowest level since late-Aug. 2017

After an Asian session uptick to an intraday high level of 1.2960, the pair came under some intense selling pressure and resumed with its well-established bearish trend. Against the backdrop of Brexit uncertainties, a goodish pickup in the US Dollar demand was seen as one of the key factors exerting some additional downward pressure on the major.

READ MORE

China state banks seen selling dollars to arrest sharp yuan losses: traders

Major state-owned Chinese banks were seen selling dollars on Friday afternoon in an apparent attempt to put a floor under a tumbling yuan, as the worsening trade dispute between the United States and China drove the currency to a fresh 14-month low.

READ MORE

Gold hangs near 17-month lows, around $1212 level

The commodity struggled to build on Friday's goodish rebound from 17-month lows and was being capped by a combination of negative factors. The July US monthly jobs report reinforced market expectations that the Fed will stick to its gradual monetary policy tightening cycle and kept a lid on any meaningful up-move for the non-yielding yellow metal.

READ MORE

GBP futures: scope for deeper pullback

CME Group’s flash figures for GBP futures markets noted open interest rose by more than 7K contracts on Tuesday from Monday’s final 212,691 contracts. In the same direction, volume rose by almost 6.4K contracts.

READ MORE

Euro gains as dollar rally fades; yen rebounds

The euro rose above $1.16 on Wednesday as the dollar’s recent rally ran out of steam, and traders said solid data out of China had calmed investor nerves about recent Sino-U.S. trade tensions, hurting demand for the dollar.

READ MORE

FOREX Tech Targets 08.08.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

EUR/USD: Neutral (since 05 Jun 18, 1.1700): A retest of 1.1500/10 support zone seems likely. No change in view. A break of 1.1640 would indicate that the recent downward pressure has eased.There is not much to add as EUR hit a low of 1.1527 yesterday before staging a mild recovery.

READ MORE

Pound frail on worries over no-deal Brexit, dollar steady

The pound stayed fragile on Tuesday after falling to an 11-month low against the dollar overnight on worries over a ‘hard’ Brexit from the European Union, while simmering U.S.-China trade tensions provided support to the greenback.

READ MORE

FOREX Tech Targets 07.08.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

There is not much to add as EUR hit a low of 1.1527 yesterday before staging a mild recovery. As highlighted last Friday (03 Aug, spot at 1.1585), while we maintain a neutral stance, the risk has shifted to the downside and the major 1.1500/10 support zone is likely to be retested (note that EUR touched 1.1506 in May and 1.1507 in June). While the prospect for

READ MORE

USD/JPY Technical Analysis: USD/JPY supported above 111.00 level

USD/JPY is in its fourth day of consolidation after the currency pair broke to the upside on July 31. USD/JPY is struggling to find a clear direction, however, bulls have a slight advantage as they have the long-term trend on their side. Bulls objective is to reconquer the 111.82-112.00 area to target 113.18, the 2018 high. Bears want a bear breakout below the 111.02-111.16 area in order to initially retake the swing low at 110.58.

READ MORE

10-year, 30-year government bond yields fall as China trade tensions resurface

U.S. government bond yields for longer-dated debt fell on Monday as investors wrestled with the threat of intensifying trade clashes between the U.S. and China and the ripple effects those fresh animosities could have on global markets.

READ MORE

GBP/USD slides to fresh YTD lows, around mid-1.2900s

The US Dollar remained supported by Friday's monthly jobs report, which reinforced expectations that the Fed will stick to its gradual monetary policy tightening cycle, and was seen as one of the key factors prompting some fresh selling at the start of a new trading week.

READ MORE

EUR/USD meets fresh supply, 1.1508 back on sight

German factory orders reported the steepest monthly drop in nearly a year and a half, arriving at -4.0% in June versus -0.5% expected. Meanwhile, the Eurozone Sentix investor confidence gauge came in at 14.7 in August versus 13.4 expected.

READ MORE

FOREX Tech Targets 06.08.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

As highlighted last Friday (03 Aug, spot at 1.1585), while we maintain a neutral stance, the risk has shifted to the downside and the major 1.1500/10 support zone is likely to be retested (note that EUR touched 1.1506 in May and 1.1507 in June).

READ MORE

Market Events Ahead

Market events to watch this week

READ MORE

FOREX Week Ahead:US Dollar Takes NFP Hit But Ends Up Higher on the Week

The US dollar fell on Friday after the U.S. non farm payrolls (NFP) came in below expectations with only a gain of 157,000 but otherwise the unemployment rate dropped to 3.9 percent and wage growth remained unchanged at 0.3 percent.

READ MORE

EUR/USD remains vulnerable, recovery stalled around 1.1610

After a bull run to the 1.1610 area, or daily highs, sellers quickly stepped in and dragged spot back to sub-1.1600 levels, although some decent contention seems to have emerged around 1.1560 for the time being.

READ MORE

EUR/JPY Technical Analysis: Breakdown of 129.00 could spark a leg lower to 126.63/124.61

The cross is falling further south of the key support level at 129.00 the figure, where coincide recent lows (July 27) and the top of the daily cloud. EUR/JPY is adding to recent weakness sparked after breaking below the former key support line around 130.00 the figure .

READ MORE

Gold Technical Analysis: Stages a solid rebound from 13-month lows

PBoC news-led modest USD retracement triggers the initial leg of recovery move from the $1200 neighborhood, or 13-month lows, amid near-term oversold conditions. Disappointing headline NFP print, coupled with trade-related headlines provided an additional boost and lifted the commodity through an important confluence hurdle.

READ MORE

US Dollar finds support around 95.00 post-Payrolls

The index quickly gave away the initial advance to the 95.40 and returned to the 95.00 area following headlines from the PBoC, which decided to adjust the reserve requirement on FX forward trading to 20%, as per news released by Bloomberg.

READ MORE

Sterling slides below $1.30 as Carney flags no-deal Brexit risks

Sterling fell below $1.30 to an 11-day low on Friday after Bank of England Governor Mark Carney said there was an “uncomfortably high” risk of Britain leaving the European Union without a deal.

READ MORE

FOREX Tech Targets 03.08.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY

The relatively large decline over the past couple of days came as a surprise. While we continue to maintain a neutral stance, the risk has shifted to the downside and the major 1.1500/10 support zone is likely to be retested (note that EUR touched 1.1506 in May and 1.1507 in June).

READ MORE

Gold Review: Drops to 2-week lows, remains vulnerable to slide further

The Fed's upbeat outlook for the domestic economy, reaffirming expectations for at least two more rate hikes by the end of this year, capped the early attempted recovery move for the non-yielding yellow metal. Adding to this, a fresh wave of US Dollar upsurge prompted some fresh selling around the dollar-denominated commodity since the early European session.

READ MORE

BOE rate hike not enough to lift British pound versus dollar

The U.K. central bank upped its benchmark rate by 25 basis points to 0.75% in an unexpectedly unanimous vote. While market participants had foreseen the rate increase, they assumed some dissent among the members of the Monetary Policy Committee.

READ MORE

US Dollar clinches session highs near 95.00

The US Dollar Index (DXY), which gauges the buck vs. a basket of its main competitors, is extending the upside to the vicinity of the critical 95.00 milestone on Thursday.

READ MORE

Euro pressured by dollar strength and subdued factory growth

The euro struggled on Wednesday as fears of an escalation in the trade dispute between the United States and China boosted the dollar and a survey showing subdued euro zone manufacturing growth in July kept investors cautious.

READ MORE

UK manufacturing output slips as Brexit risks mount - ING

At 54.0, the latest UK manufacturing PMI is the lowest in three months and is a far cry from the levels seen towards the end of 2017, explains James Smith, Developed Markets Economist at ING.

READ MORE

FOREX Tech Targets 01.08.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

here is not much to add as EUR touched a high of 1.1745 yesterday before easing off. As highlighted yesterday, the recent mild downward pressure has eased and EUR is expected to trade sideways for now, likely within a broad 1.1620/1.1790 range. From a longer-term perspective, EUR...

READ MORE

US Dollar jumps to fresh highs near 94.50

The index advances to the mid-94.00s or fresh daily tops.DXY finds support in session lows in the 94.20/15 band. Consumer Confidence surprised to the upside in July. DXY meet extra buying pressure after US Consumer Confidence measured by the Conference Board came in above expectations at 127.4 (vs. 126.5 exp. and 127.1 prev.) for the current month.

READ MORE

FOREX Tech Targets 31.07.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY

EUR touched a high of 1.1719 yesterday, just one pip below the ‘key resistance’ at 1.1720. While the ‘key resistance’ is still intact, the relatively strong daily closing in NY (closed at 1.1704, +0.41%) is enough to indicate that the recent mild downward pressure has eased.

READ MORE

Big week for currency markets as central banks meet

Major currencies stuck to familiar ranges on Monday as investors shied away from taking out big positions ahead of a flurry of crucial economic data and central bank monetary policy meetings this week.

READ MORE

Sterling subdued as investors look ahead to rate hike decision

The pound rose on Monday but its modest gains reflected concern among investors about the currency’s prospects ahead of a widely anticipated Bank of England interest rake hike this week.

READ MORE

FOREX Tech Targets 30.07.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY

The sharp decline of -0.74% yesterday (largest 1-day drop in a month) was not expected. Our previous expectation for EUR to trade at a higher 1.1640/1.1850 consolidation range is not valid anymore. While downward pressure has increased, it is too early to expect the start of a bearish phase.

READ MORE

FOREX Week Ahead: Dollar Mixed Ahead of Busy Week in the Market

The US dollar is mixed on Friday against major pairs. The US economy grew at a 4.1 percent pace on the second quarter according to the first estimate. The number came in right on the forecast which had no positive effect for the USD, but it did validate the U.S. Federal Reserve decision to keep a tighter monetary policy with two more rate hikes in the horizon this year.

READ MORE

NZD/USD Review: Flirts with weekly lows, just above mid-0.6700s ahead of US GDP

Despite Thursday's disappointing US macro data, the USD staged a solid rebound on the back of a goodish pickup in the US Treasury bond yields and prompted some aggressive selling around the major.

READ MORE

UK’s Fox warns PM May that extending Brexit talks would be a 'complete betrayal'

Theresa May should accept a no-deal Brexit over requesting more time to negotiate a deal. Suggests voters are growing impatient with how long it has taken to agree Brexit. May would suffer a major Conservative rebellion if she sought to extend talks.

READ MORE

Dollar hits five-day high before U.S. GDP data

The dollar rose on Friday to its highest level in five days as investors waited to see if U.S. economic growth figures do anything to interrupt its months of strength. U.S. President Donald Trump has expressed displeasure over the dollar’s strength, ignoring a custom that U.S. leaders avoid openly interfering in financial markets.

READ MORE

FOREX Tech Targets 27.07.2018 : EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY

The sharp decline of -0.74% yesterday (largest 1-day drop in a month) was not expected. Our previous expectation for EUR to trade at a higher 1.1640/1.1850 consolidation range is not valid anymore.

READ MORE

USD/CAD extends higher toward 1.31 as greenback continues to gather strength

The USD/CAD pair broke above its daily range in the early trading hours of the American session on the back of a stronger greenback. At the moment, the pair was trading at 1.3080, adding 35 pips, or 0.26%, on the day.

READ MORE

UK: Economy guided by the political developments - Westpac

Critical will be the responses of both EU and regional Tory delegates to the selling of the latest Brexit (exit) proposals and May’s visions of UK relationships with EU post-Brexit. If the responses are positive, May’s leadership will strengthen as will the potential for productive negotiations.

READ MORE

Gold slips, remains near lowest levels in a year

Gold for August delivery on Comex GCQ8, -0.15% fell $3.70, or 0.3%, at $1,227.90 an ounce. Prices had settled at $1,224 as recently as Thursday, the lowest for a most-active contract in about a year. September silver SIU8, +0.10%fell 3 cents, or 0.2%, to $15.560 an ounce.

READ MORE

Treasury rates climb ahead of ECB policy update, and as trade tensions cool

U.S. government bond rates early Thursday advanced as fixed-income investors awaited the latest policy update from the European Central Bank, which could affect Treasurys. Bond investors also awaited a string of economic reports, including on the labor market and international trade.

READ MORE

Gold Review: Drops to fresh session low, now seems vulnerable

After an initial uptick to $1235 area, gold met with some fresh supply and has now eroded a part of gains recorded in the previous session.

READ MORE

Sterling weakens despite Bank of England rate hike prospects

The pound struggled to gain ground against the dollar and the euro on Thursday due to mounting uncertainty over Brexit even as investors strengthened bets on a Bank of England interest rate hike next week.

READ MORE

Euro edges up ahead of Trump-Juncker talks

The euro edged higher on Wednesday ahead of a meeting between U.S. President Donald Trump and European Commission President Jean-Claude Juncker but gains were limited with investors cautious about a trade rift between the two powers.

READ MORE

Gold rises above $1230 as US Dollar loses traction

The US Dollar Index, which stayed relatively quiet and closed flat on Tuesday, hung out near mid-94s for the majority of the day and came under a modest selling pressure ahead of the low-tier macroeconomic data releases from the United States.

READ MORE

Germany: IFO Business Climate index ticked lower to 101.7 in July - TDS

Analysts at TD Securities note that the German IFO Business Climate index ticked lower to 101.7 in July, splitting the difference between this month's softer ZEW and better-than-expected PMIs.

READ MORE

GBP/USD bounces-back towards weekly tops near 1.3170

The retreat from weekly tops can be mainly attributed to a bout of risk-aversion that gripped the European markets, with markets turning cautious heading into the crucial trade talks arranged between the US President Trump and European Commission President Juncker later on Wednesday.

READ MORE

AUD/USD poised for a visit to 0.7476/84 – Commerzbank

AUD/USD recently sold off to, tested and bounced off the .7310/15 recent lows. The strong rebound from here implies a reluctance to break down further currently and we are going to have to neutralise our view for now

READ MORE

Euro edges up ahead of Trump-Juncker talks

The euro edged higher on Wednesday ahead of a meeting between U.S. President Donald Trump and European Commission President Jean-Claude Juncker but gains were limited with investors cautious about a trade rift between the two powers.

READ MORE

Gold's recovery loses steam ahead of $1230 as Wall Street records large gains

After dropping to a 2-day low at $1218, the XAU/USD pair took advantage of the broad-based USD weakness and gained traction to turn positive on the day. However, an improved market sentiment in the early NA session capped the pair's upside and it was last seen trading at $1229, where it was up $4.5, or 0.4%, on the day.

READ MORE

Breaking News: UK PM May to take control of Brexit negotiations

British Prime Minister Theresa May recently crossed the wires saying that she would take control of Brexit negotiations and relegate the government's Brexit department, as reported by Bloomberg.

READ MORE

Euro rebounds as PMI data helps; bitcoin hits $8,000

The euro headed towards a two-week high on Tuesday after surveys showed eurozone business growth remained robust, although fears of a trade war with the United States kept the single currency trapped in narrow ranges.

READ MORE
Load More

OH SH*T CALENDAR

UPCOMING FOREX NEWS EVENTS
  • LOADING...

  • DATE

    CURRENCY

    EVENT

    IMPACT

  • Loading events...