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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 keeps the red below mid-1.2900s, 2-week lows post-UK jobs data

The GBP/USD pair held on to its weaker tone near two-week lows and had a rather muted reaction to mixed UK monthly employment details...

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EUR/USD Technical Analysis: Recent tops and the 55-day SMA keeps limiting extra gains

EUR/USD remains bid above the 1.1200 handle although gains are still capped by the 1.1260/70 region, where converge the 55-day SMA and recent tops...

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EUR/USD: Balance of risks still favour 1.10 in 2Q19

According to analysts at ING, there seems to be a little reason to change the near term view that EUR/USD pair stays offered this summer and will test the 1.10, barring a temporary squeeze of short EUR positions...

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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY -13.05.2019

In line with expectation, EUR touched 1.1253 before easing off. While upward pressure has waned, it is too soon to expect a significant pullback. EUR is more likely to trade sideways at these higher levels, expected to be within 1.1215 and 1.1265...

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BoE's Broadbent: Doesn't know which way rates would go in case of a messy no-deal Brexit

The BoE Deputy Governor, Ben Broadbent, in an interview with the Press Association published this Monday, said that a delay in Brexit deadline to October will have a negative impact on investments...

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Dollar falls as the US-China trade war intensifies

The ambiguity of trade progress continues to be the dominant driver with all asset classes. The dollar finished lower after a round of trade talks in Washington DC did not see cataclysmic outcome after President Trump delivered a tariff hike...

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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 10.05.2019

A retest of 1.1250 would not be surprising but prospect for a clear break of 1.1265 is not high for now. After trading quietly for several days, EUR staged a sudden but short-lived surge and hit a high of 1.1251. Despite the...

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Central Banks: Space to deliver more easing, if required – Standard Chartered

Economist at Standard Chartered, suggests that their Monetary Conditions Indices (MCIs) indicate that monetary conditions have continued to tighten globally...

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USD/JPY fails to extend attempted recovery beyond 110.00 mark

The USD/JPY pair failed to capitalize on its early recovery attempt and dropped to fresh session lows in the last hour, closer to three-month lows touched on Thursday...

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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 09.05.2019

EUR traded sideways and registered a range of 1.1181/1.1214 yesterday, narrower than our expected 1.1165/1.1215 range. The muted price action...

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AUD finds little relief in RBA steady hand

The RBA’s steady hand at 1.5% surprised enough in the market to lift the overnight indexed swap curve well into 2020, with the terminal rate back above 1.00%. But markets still price a lot closer to 2 than 1 rate cut, with the RBA statement including lower growth and inflation forecasts...

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EUR/JPY Technical Analysis: Door open for extra losses to 128.40

EUR/JPY is intensifying the weekly leg lower below the critical support at 123.00 the figure...

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US Dollar Index probes daily tops near 97.60

The greenback is now picking up extra pace and is moving to the upper end of the daily range near 97.60/70 when tracked by the US Dollar Index (DXY)...

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Gold eases from near 2-week tops, focus remains on US-China trade talks

The precious metal continued attracting some safe-haven flows after the US Trade Representative Robert Lighthizer confirmed that the US will increase tariffs on $200 billion worth of Chinese goods on Friday. ..

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USD/JPY in search of a firm direction, stuck in a range below 111.00 mark

The USD/JPY pair lacked any firm directional bias and was seen oscillating in a narrow trading band, below the 111.00 handle through the Asian session on Tuesday...

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EUR/USD Technical Analysis: Near term bearish below the 55-day SMA at 1.1268

The pair is prolonging the upside momentum and looks to consolidate above the critical 1.1200 barrier.

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Australia: Lowest real retail growth since 2012

For the Australian economy, there is a surprise decline in real quarterly sales in this quarter, which represents the lowest q/q growth in...

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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 06.05.2019

Short-term EUR strength has scope to extend 1.1225. We expected “further weakness in EUR” last Friday but were of the view that any decline is “likely limited to a probe of 1.1145”. EUR subsequently...

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GBP/USD: Short term downtrend eroded - Commerzbank

GBP/USD pair has recently eroded its short term downtrend and this is now acting as support at 1.2967...

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Dollar softens on wage focus; RBA and RBNZ easing eyed

The US dollar reversed earlier gains on a blockbuster headline employment number as market participants focused on the slightly lower than expected wage growth. The nonfarm payroll report showed...

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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 03.05.2019

While EUR dipped to 1.1169 during late-NY hours, the current soft patch in EUR is not showing sign of stabilizing. In other words, EUR is not ready to...

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EUR/USD: Techs lean bearish ahead of US non-farm payrolls

EUR/USD will likely revisit the recent low of 1.1110, as suggested by technical charts, if the US non-farm payrolls and more importantly, the wage-price inflation, scheduled for release at 12:30 GMT today, blows past expectations...

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Asia: Material improvement in external positions

According to ANZ analysts, for the Asian economies, there has been considerable improvement in the trade balances of India, Indonesia, and the Philippines.

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Gold Technical Analysis: Falls to over 1-week lows, further slide to $1260 area now looks a distinct possibility

The precious metal extended overnight post-FOMC rejection slide from the $1287-88 supply zone and remained under some heavy selling pressure for the second consecutive session on Thursday.

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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY -02.05.2019

Weakness in EUR could test 1.1170 first before a recovery can be expected. After edging to a high of 1.1265, EUR plunged and hit a low of 1.1186 during late-NY hours. While the sharp and ...

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Dollar rally stalls ahead of FOMC, NFP, Trade Talks, and Earnings

The US dollar rallied for most of the trading week, but gave back gains on Friday after the US first quarter GDP strong beat was supported by transitory factors and softer core PCE. The headline showed US economic growth accelerated much

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Big Earnings, Rate Decisions and US GDP once markets return from holiday

The US dollar ended the week higher after mixed data and earnings reports provided a slightly optimistic tone for the US economy. With thin conditions persisting due to the observance of Easter, choppy price moves could be expected over the...

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AUD/USD inches higher to 0.7160, but lacks follow-through

The AUD/USD pair picked up fresh bids and broke its Asian range trade to the upside, clinching fresh session highs near 0.7160 region, as the US dollar extends its pullback from two-week tops against its major rivals after the Mueller report revealed the US President Trump actions to impede the inquiry.

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USD/JPY frozen near 111.90 ahead of US housing data

The USDJPY pair extends its side-tend into the European session, wavering back and forth in a 10-pips extremely narrow range just below the 112 handle...

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Forex Today: Yen ignores BOJ operation, Good Friday quiet trading to extend

Good Friday/ Easter holiday sleep mode trading seeped into the Asian markets, as Australian, New Zealand and Hong Kong markets were closed. Rest of the Asian equity markets traded mixed amid a lack of fresh catalysts and thin liquidity...

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EUR/USD consolidates the slide near 1.1250, US retail sales eyed

The bears appear to have taken a breather last hour, allowing a brief consolidative mode in the EUR/USD pair near the midpoint of the 1.12 handle, as they await the US macro releases for the next push lower...

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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY-18.04.2019

The strong 1.1330 resistance first indicated on Monday (15 Apr, spot at 1.1300) remains ‘unchallenged’ as EUR eased off after touching 1.1324 during London hours. As highlighted earlier...

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EUR/USD is holding steady

According to Karen Jones, analyst at Commerzbank, EUR/USD pair is holding steady at the 55 and 100 day moving averages at 1.1308/48, and they view it as consolidating.

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GBP/USD: Recovery towards 1.3100 on its way ahead of UK CPI

GBP/USD recovers from a nine-week-old ascending trend-line as it trades near 1.3055 ahead of the London open on Wednesday. Absence of negative Brexit news reports and support from data front seemed to have played their roles while traders await the British inflation numbers...

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FX Today: Antipodeans rescued by strong China data; focus on UK/ Eurozone CPI

Forex today witnessed a volatile Asian session this Wednesday, with key macro news from across the Asia-pac regions offering fresh trading incentives...

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ECB said not to have discusses further deposit rate cuts

Citing sources familiar with talks, Bloomberg reported that the ECB had not discussed further rate cuts in its latest meeting...

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Forex Today: Aussie trips on dovish RBA minutes; eyes on UK wages, German ZEW

Forex today witnessed a quiet Asian affair amid a cautious risk tone, with most majors sticking to thin trading ranges while the US dollar attempted a tepid bounce broadly. The Asian stock markets traded mixed, as markets remained unnerved ahead of the key Eurozone and...

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Forex Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY -16.04.2019

There is not much to add as EUR traded in a quiet manner before ending the day marginally higher at 1.1307 (+0.06%). As highlighted yesterday (15 Apr, spot at 1.1300), upward momentum has improved and the risk for a higher EUR has increased...

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EUR shorts increased, GBP shorts trimmed

According to the IMM net speculators’ positioning as at April 9, 2019, speculators increased their bearish bets on the euro further with short positions rising to the highest level since early December 2016 in early April, notes the research team at Rabobank.Key Quotes...

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Managed Forex Accounts Weekly Results- April, week 15

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Dollar Softens Awaiting US Retail Sales

The US dollar is lower against most major pairs except the Japanese yen and the Swiss franc. Risk appetite made a comeback this week and pushed the three currencies lower as investors shied away from safe havens...

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GBP/USD steadily climbs to session tops, aims to reclaim 1.3100 mark

The GBP/USD pair quickly reversed an early European session dip to daily lows and is currently placed at the top end of its daily trading range, just below the 1.3100 handle...

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EUR/GBP continues to consolidate

Karen Jones, analyst at Commerzbank, points out that the EUR/GBP cross has continued to consolidate just below the 55 day ma, currently at .8642 and is somewhat stuck at this zone...

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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY -12.04.2019

There is not much to add as EUR eked out a ‘fresh high’ of 1.1290 before easing off. The price action is in line with our expectation from last Thursday (04 Apr, spot at 1.1245) wherein EUR is expected to “trade with an upside bias” towards 1.1300...

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ECB: Press conference is an opportunity to inject confidence into the economy

Analysts at Deutsche Bank, suggest that following an underwhelming message last month, they see the ECB press conference as an opportunity to inject confidence into the economy and the monetary policy process...

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EUR/USD continues to show signs of recovery

Karen Jones, analyst at Commerzbank, EUR/USD continues to show signs of recovery from the 1.1176 recent low, and is now pushing hard into the 20 day ma at 1.1277...

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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY -10.04.2019

EUR touched a 2-week high of 1.1285 yesterday before easing off quickly to end the day little changed at 1.1261 (+0.02%). The price action is in line with our expectation from last Thursday (04 Apr, spot at 1.1245) wherein last Tuesday’s (02 Apr) low of 1.1181 is a short ...

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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 09.04.2019

After trading in a quiet manner for a couple of days, EUR staged a relatively robust advance and touched a 2-week high of 1.1275. The price action is in line with our expectation wherein last Tuesday’s (02 Apr) low of 1.1181 is a short-term bottom and EUR has moved into a...

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GBP/USD: Upside remains capped near 1.3070 amid Brexit stalemate

The GBP/USD pair stalled its recovery near 1.3070 and entered a phase of consolidation in the European session, as the bulls await a breakthrough on the Brexit talks between the UK PM May and the opposition Labour Party Leader Corbyn, as the talks resume later today...

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EUR/USD to remain steady around the ECB meeting – Danske Bank

Senior analyst at Danske Bank, points out that the US jobs report on Friday failed to move EUR/USD despite a weak wage growth figure initially sending the pair higher...

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Dollar Rises on Strong US Jobs Data

The US dollar is higher across the board against major pairs on Friday. The greenback got a boost from the March U.S. non-farm payrolls (NFP) report that showed the economy added 196,000 jobs and an upward revision to...

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Gold waits for US employment data near $1290

The XAU/USD pair is trading in a narrow channel on Friday as investors are staying on the sidelines ahead of the critical nonfarm payrolls data from the United States. As of writing, the pair was down 0.25% on a daily basis at $1289...

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ECB unlikely to provide much in terms of steps forward

According to analysts at TD Securities, next week's meeting comes sandwiched between two important ECB meetings, and as such, is unlikely to provide much in terms of steps forward...

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EUR/USD probing daily highs near 1.1230 ahead of NFP

The mood around the European currency remains choppy so far this week, with EUR/USD at least managing to stay above the 1.1200 handle in the last sessions...

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AUD: RBA and politics to keep a lid

Analyst at Westpac, suggests that the AUD has absorbed a great deal of information and data this week and emerged a little stronger...

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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 04.04.2019

After eking out ‘fresh’ lows for several days in a row, EUR staged a relatively strong rebound and tested our 1.1255 ‘key resistance’ (EUR touched 1.1255 during London hours). We have held the same view since last Friday (29 Mar) that EUR could revisit the 07 Mar low of 1.117...

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EUR/USD upside still capped by 1.1250, ECB eyed

The renewed bid tone around the European currency remains unchanged in the second half of the week, motivating EUR/USD to extend the rebound from recent lows in sub-1.1200 levels seen earlier in the week.

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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 03.04.2019

EUR dipped to 1.1181 during NY hours before recovering quickly to end the day little changed. The price action is in line with our expectation wherein there is room for EUR to revisit last month’s 1.1174 low...

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Brexit Secretary Stephen Barclay opens the door to a second referendum, GBP/USD holds high ground

UK Brexit Secretary Stephen Barclays told members of Parliament that he does not think that a second referendum on Brexit is a good idea, as it will take the country to "square one." However, he said that this is only his personal view and that PM Theresa May will have discussions and see where they lead...

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EUR/USD rebounds to 1.1250 amid positive German yields, weaker USD

Following a brief phase of consolidation around 1.1220 levels in the Asia trades, the EUR/USD rebound picked-up pace in the European session, taking the rates back towards the midpoint of the 1.12 handle...

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Managed Forex Accounts Weekly Results

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Brexit amongst key market moving events today

According to analysts at Rabobank, Brexit is positioned to reclaim centre stage later today with a series of indicative votes in the House of Commons. Although no proposal in last week’s votes won a majority, the closest was a motion for a new customs unions...

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April optimism could be key turning point for global growth

The US dollar climbed higher as markets balanced out global growth concerns along with optimism a trade deal was nearing between the two largest economies in the world. US economic data painted a mixed picture with the earlier data in the week confirming slowdown worries...

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EUR/GBP breaks below the 100-day SMA to fresh lows near 0.8550

The now better mood around the British Pound is dragging EUR/GBP to test fresh lows in the mid-0.8500s, although rebounding soon afterwards.EUR/GBP offered on Brexit headlines...

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GBP/JPY Technical Analysis: Set-up remains in favor of bearish traders ahead of UK macro data/Brexit vote

Despite the recent Brexit drama, the cross has been finding some support ahead of the 144.00 handle and has also managed to defend monthly lows...

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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 29.03.2019

We indicated yesterday that “if EUR were to close below 1.1220 in NY, it would indicate that it is ready to revisit the 07 Mar low of 1.1174”. EUR subsequently dipped to 1.1212 before ending the day at 1.1220...

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UK PM May's spokesman: Guaranteed way of leaving on May 22 is to win MV3 on Friday

British Prime Minister Theresa May's spokesman crossed the wires recently arguing that the only guaranteed way of leaving the EU by May 22 was for Parliament to approve May's Brexit deal tomorrow...

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USD/JPY finds support near 110, rebounds modestly ahead of US GDP data

The USD/JPY pair slumped to a fresh 2-day low of 110.03 in the European session but reversed its course to recover a large portion of its daily losses in the last hour. As of writing, the pair was down 0.18% on the day at 110.30...

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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 28.03.2019

While EUR is still trading within the expected 1.1220/1.1400 range that we indicated on Monday (25 Mar, spot at 1.1295), the relatively weak price action over the past couple of days has resulted in a build-up in downward pressure...

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AUD/USD clings to gains near session tops, comfortable above 0.7100 handle

The AUD/USD pair held on to its mildly positive tone through the early European session and is currently place at the top end of its daily trading range, around the 0.7125-30 region...

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USD/JPY sticks to modest gains above 110.00 handle, but lacks follow-through

The USD/JPY pair regained some positive traction on Tuesday, albeit continued with its struggle to build on the momentum further beyond the 110.25 region

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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 25.03.2019

While we indicated last Friday (22 Mar) that “in order to maintain the current momentum, EUR could not afford to ‘dither’ as it would greatly decrease the prospect for further EUR strength”, the subsequent large decline of more than -0.50% (NY close of 1.1313, -0.52%) came as a surprise...

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Dollar Recovers Fed Driven Losses on Safe-haven Flows

The US dollar had a wild week, finishing the week mixed against its major trading partners, as market participants reassess the effects of the Fed’s dovish commitment and how much weaker the German economy will become

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ECB’s Draghi: International trade is main reason for slowdown

According to Reuters, European Central Bank President Mario Draghi told EU leaders at this week's summit that the international trade was the main reason for the economic slowdown in the euro area...

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BoE: No surprises here – Deutsche Bank

Deutsche Bank analysts note that in the middle of political turbulence in the UK, the Bank of England’s MPC voted to keep interest rates unchanged at 0.75%, in line with market expectations...

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Gold climbs to session tops, further beyond $1310 level

Gold quickly reversed an Asian session dip to $1307 area and is currently placed at session tops, recovering all of the previous session's modest pull-back from three-week tops...

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Gold loses momentum, edges lower toward $1300

After meeting resistance near $1310 area yesterday, the XAU/USD pair reversed its course on Wednesday and eased from its weekly highs as the greenback gathered some strength ahead of the critical FOMC decisions. As of writing, the pair is trading at $1303, losing 0.22% on a daily basis...

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BOJ’s Kuroda: “We will mull more easing if price momentum is lost"

The latest comments from the Bank of Japan (BOJ) Governor Kuroda, via Reuters, he said that the Japanese central bank is supporting the households and companies through yield curve control (YCC)...

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FOMC Preview: What 17 major banks are expecting from March meeting?

Today, world markets are keenly awaiting the outcome of an all-important FOMC’s March meeting, and as we move towards the decision timings, here are the expectations as forecasted by the economists and researchers of 17 major banks...

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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 19.03.2019

There is not much to add as EUR eked out a fresh 2-week high of 1.1359 before easing off to end the day little changed at 1.1336 (+0.09%). We continue to hold the same view as last Wednesday...

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Gold Technical Analysis: 18.03.2019

Gearing up for a move towards recent swing highs, around $1313 area...

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Fed is likely to signal just one more rate hike – Danske Bank

Danske Bank analysts are expecting that the US Fed will likely keep the target range unchanged at 2.25-2.50% and make no major changes to the statement in its forthcoming meeting this Wednesday...

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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY -18.03.2019

EUR rebounded and recouped most of last Thursday’s (07 Mar) decline before closing slightly higher on Friday. The price action reinforces our view as highlighted last Wed (13 Mar, spot at 1.1285) wherein EUR has moved into a...

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GBP/USD fades a knee-jerk bullish spike to levels beyond 1.3300 mark

The GBP/USD pair managed to recover a major part of the early lost ground and jumped back above the 1.3300 handle in the last hour, albeit quickly retreated few pips thereafter...

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AUD: RBA market pricing absorbed

AUD/USD pair has shown every sign of breaking 0.7000 last Friday but ultimately printed a low of 0.7003, which lends confidence to the view that the Aussie has absorbed enough ...

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Forex Today: USD bounces alongside T-yields in Asia; UK politics/ Brexit in focus

Broad-based US dollar recovery was the main underlying theme that triggered a fresh selling-wave across the fx board in Asia this Thursday. The rebound in the greenback was mainly driven by...

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EUR/USD remains bid and flirts with 1.1300, looks to Brexit, data

EUR/USD keeps the rally well and sound for yet another session on Wednesday, probing fresh tops beyond the critical 1.1300 the figure although losing some shine afterwards...

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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 13.03.2019

Despite dropping sharply last Thursday (07 Mar) and cracking several strong support levels, EUR has not been able to make much headway on the downside. The recovery from last ...

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Gold adds to gains beyond $1300 mark, hits 1-1/2 week tops

‍Gold held on to its positive tone through the early European session on Wednesday and remained within striking distance of 1-1/2 week tops set earlier today.After a modest pull-back at the start of this week...

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EUR: Shorts restrained

 However, if the EUR has moved into a weaker regime over the last year; one where there is no overhang of Euro crisis era EUR hedges, and EUR is viewed as one of the ...

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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY-12.03.2019

The recovery in EUR after last Thursday’s (07 Mar) steep decline has been more ‘resilient’ than expected as it closed higher for the second straight day yesterday (1.1247, +0.08%). For now, we view the price action as part of a short-term consolidation phase and...

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Brexit and US CPI amongst market movers today

According to analysts at Danske Bank, today's key event will be the vote in the House of Commons on Theresa May's Brexit deal at 20:00 CET...

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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY -11.03.2019

Despite the relatively robust recovery in EUR, there is no change to our view. As highlighted early last Friday (08 Mar, spot at 1.1195), “EUR is vulnerable and the focus is at 1.1120”. The current short-term movement is ...

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USD/CAD struggles to gain positive traction, but holds above 1.3400 handle

The USD/CAD pair struggled to build on its attempted intraday up-move and is currently placed in the neutral territory, albeit managed to hold well Friday's swing low...

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EUR/USD: Bounce is likely - Commerzbank

Analyst at Commerzbank, explains that the EUR/USD pair last week broke down from the base of the range at 1.1216 and sold off to the 61.8% Fibonacci retracement of the 2017- 18 advance at 1.1186, which held the initial test...

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GBP/USD Pound Fails to Capitalize on Dollar Stumble Ahead of Brexit Votes

The US dollar is lower against most majors pairs on Friday after a massive miss in the U.S. non farm payrolls (NFP) report. The US economy only added 20,000 jobs when the forecast was calling for...

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Gold clings to recovery gains above $1290

Following yesterday's drop to a 6-week low of $1280 on Thursday, the XAU/USD pair rebounded decisively on Friday and erased the majority of this week's losses. As of writing, the pair was trading at $1293, adding $7.5, or 0.6%, on a daily basis...

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ECB: All focus on TLTRO announcement

In terms of what our economists expect today, Mark Wall feels like any policy announcement would be a positive surprise. He notes that the latest comments from Council members imply that even the hawks have turned less optimistic...

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US: Focus on Fed speak and trade data

Analysts at TD Securities point out that in the US, NY Fed President Williams speaks on "The Economic Outlook: The 'New Normal' Is Now" and is likely to repeat that no further rate hikes until inflation rises, which should get a dovish market reaction...

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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 06.03.2019

As highlighted, “the recent mild upward pressure has eased and from here, we expect EUR to trade sideways, likely between 1.1310 and 1.1425”. However, the bottom of the expected range at ...

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