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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.

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UPCOMING FOREX NEWS EVENTS
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Oil futures settle at an 8-week high

Oil futures rallied Friday to their highest settlement in eight weeks, scoring a gain of roughly 5.6% for the week.

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GBP/USD quickly reverses a dip to sub-1.4100 level, US durable goods eyed

A modest US Dollar rebound, backed by a goodish pickup in the US Treasury bond yields, turned out to be one of the key factors capping any up-move. However, Thursday's hawkish BoE vote spilt, coupled with the recent Brexit optimism continued lending some support to the British Pound and helped limit any further downside.

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EUR/USD unmotivated around 1.2330, US data on sight

The pair is trading close to the upper end of the weekly range above the key 1.2300 milestone, reverting yesterday’s retracement albeit still unable to break above the critical short-term resistance line off YTD tops, today at 1.2365.

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US Dollar bounces off lows, still depressed near 89.70

The US Dollar Index (DXY) – which gauges the buck vs. its main competitors – has faded Thursday’s advance and has now returned to the area of session lows near 89.60.

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FOREX Tech Targets 23.03.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY

EUR edged briefly above the key 1.2385 resistance yesterday but eased off quickly after touching a high of 1.2383. Despite the breach of the strong resistance, we continue to see chance for a test of the strong 1.2200 support in the coming days. That said, the prospect for such a move has diminished considerably and would continue to decrease unless EUR can move and stay below 1.2270 within these 1 to 2 days.

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Gold settles at a more than 2-week high

Gold futures climbed Thursday to settle at their highest in more than two weeks, as the precious metal tracked a dollar hemmed in by signs the Federal Reserve would adhere to a more-conservative script with interest-rate policy this year.

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NZD/USD bulls running out of steam at 0.7260 wall

The NZD/USD is trading at around 0.7228 virtually unchanged on the day so far as the market is digesting yesterday’s Fed rate hike. While most participants were very upbeat and expecting four rates in 2018, the market was disappointed and preferred selling the US dollar across the board.

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USD/JPY drops to 2-week lows, around mid-105.00s

The USD/JPY pair extended its post-FOMC retracement slide from one-week tops and is currently placed at over 2-week low, around mid-105.00s...

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GBP/JPY retreats from 1-month tops, focus remains on BoE

The GBP/JPY cross snapped three consecutive days of winning streak and eroded a major part of previous session's up-move to one-month tops...

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Gold inches back closer to 2-week tops on softer USD

Gold quickly reversed an intraday dip to $1327 area and moved within striking distance of 2-week tops, set in the previous session. The precious metal rebounded sharply from three-week lows on Wednesday after the Fed raised interest rates by 25bps but stuck...

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EUR/USD in mid-range near 1.2350 ahead of IFO, PMIs

Spot gathered further steam following the FOMC meeting on Wednesday, where the Federal Reserve raised the overnight funds rate to a range of 1.50%-1.75%, broadly in line with market expectations.

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USD/JPY very quiet before Fed's storm

The USD/JPY is trading at around 106.30 down 0.20% so far as the FOMC rate decision is quickly approaching.

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USD/CAD potential test of 1.2950 in the near term

FX Strategists at Scotiabank now shifted their outlook on USD/CAD to bearish in the shorter horizon, allowing at the same time a probable visit to 1.2950.

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AUD/USD hits fresh YTD lows, FOMC decision in focus

The AUD/USD pair struggled to build on early tepid recovery move and fell to fresh three-month lows in the last minute...

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Dollar slips as traders wait for Fed hints on future rate rises

The dollar moved lower against most major currencies on Wednesday, with traders booking some profits ahead of the Federal Reserve decision and press conference, which could provide more clarity on the future path of interest rates...

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EUR/USD: Bulls poised to regain 1.2300 ahead of Fed meeting

The EUR/USD pair is on a steady recovery mode from 1.2240 levels so far this Thursday, as the bulls make a comeback amid fresh USD selling across the board...

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FOREX Tech Targets 21.03.2018:EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY

While we highlighted yesterday that we “continue to see chance for EUR to move lower and test the strong support at 1.2200”, the pace of the sharp decline yesterday that managed to edge below the 1.2240 support came as a surprise (overnight low of 1.2237). The strong down-move reinforces our view and we continue to expect...

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EUR/GBP: what will it take to break down to 0.8527 bear target?

EUR/GBP bears are eyeing the previous day's low of 0.8745 where, although the UK's data overnight where UK CPI slipped to 2.7% in Feb (from 3.0% in Jan and against market expectations for a drop to 2.8%. PPI input and factory gate prices were also below forecasts for the month), dented the pound's advance, focus remains on the...

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WTI regains $63.00 and above, 3-week highs

Prices of the WTI are prolonging the recent upside and have now regained the area beyond the $63.00 mark per barrel, moving to the...

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EUR/USD tumbles to lows near 1.2310 post-ZEW

The selling pressure around the European currency is now picking up pace and is forcing EUR/USD to drop to the 1.2515/10 band, or session lows...

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USD/JPY jumps to fresh multi-day tops and retreats

The USD/JPY pair moved past 106.30-40 supply zone and spike to fresh multi-day tops in the last hour, albeit quickly retreated few pips thereafter. Against the backdrop of a subdued US Dollar price action, a goodish pickup in the US Treasury bond yields assisted the pair to...

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Forex Tech Targets 20.03.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY

EUR edged to a low of 1.2256 before staging a surprisingly strong rebound. However, as highlighted yesterday (19 Mar, spot at 1.2285), only a move back above 1.2385 would indicate that the current downward pressure has eased. Until then, we continue to see chance for EUR to...

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Stock-market selling relatively orderly, according to one gauge of panic, despite Dow's 480-point tumble

The Dow Jones Industrial Average DJIA, -1.54% tumbled more than 480 points at its lows, heading for its steepest drop since Feb. 8, but selling is relatively calm, according to one measure of market internals.

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USD/CAD retreats from 2018 tops, around 1.3080

After clinching fresh 2018 tops in the 1.3130 regions during early trade, USD/CAD has now faded part of that advance and trades in the 1.3080 regions.

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EUR/USD turns positive near 1.2300 on renewed USD-weakness

After testing fresh lows in the 1.2260/55 band earlier in the session, spot seems to have found buying interest along with a softer tone now surrounding the buck. In fact, tracked by the US Dollar Index (DXY), the greenback has abandoned the area of daily highs in the...

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FOREX Tech Targets 19.03.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

The ease of which EUR took out the strong 1.2270 support was not exactly expected. As highlighted last Friday (16 Mar, spot at 1.2305), a break of this level would indicate that the immediate pressure has...

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Fresh concerns over politics drives Nikkei lower at the start of the week

Prime Minister Shinzo Abe is facing mounting pressure over a land-sale scandal that has been hanging over Japanese markets and the government for a year. Fresh polls show Abe’s approval rating has taken a hit, while local reports suggest the

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Dollar gains on data, yen up on U.S. political uncertainty

The dollar rose against most currencies on Friday, bolstered by solid U.S. economic data that further supported consensus expectations that the Federal Reserve will raise interest rates at next week’s monetary policy meeting...

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NZD/USD weakness compounded by US data and Fed expectations of upgraded rate projection, next week

The NZD is currently trading at around 0.7214 after declining approx 130 pips in the last 24 hours as the 2-year benchmark yields are at their highest since 2008. The Kiwi started its decline two days ago as the New Zealand GDP data came in below expected, in an...

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Forex Week Ahead: US Fed and BoE to Guide Markets

The US dollar is mixed against major pairs ahead of the March Federal Open Market Committee (FOMC) meeting. The Fed is expected to deliver its fist interest rate lift under Chair Jerome Powell. The Fed will publish its rate statement on Wednesday, March 21 at 2:00 pm EDT. Strong data has fuelled the dollar revival but the...

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EUR/USD hits 2-week lows under 1.23000

Today’s slide pushed the price below the level it had a week ago. The euro is headed toward the second weekly loss in-a-row. It is a minor decline as the pair continues to move sideways near the 1.2300, without a clear direction.

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US Dollar flirting with 5-day highs near 90.30

The buck reverted the initial negative stance following a string of better-than-expected results in today’s US docket. In fact, Industrial Production, Capacity Utilization and JOLTs Job Openings all surprised to the upside, while advanced Consumer Sentiment came in at 102.0 for the current month, the highest level since 2004.

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WTI consolidates above $61.00 mark, rising supply concerns capping gains

In its monthly report released on Thursday, the IEA increased its global oil demand growth forecast for 2018 and remained supportive of the commodity's minor uptick. The positive outlook, to some extent, was negated by...

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USD/CAD consolidates near 8-1/2 month tops, just above mid-1.3000s

The USD/CAD pair was seen oscillating in a narrow trading range and consolidated overnight strong gains to 8-1/2 month tops. The pair has managed to hold with modest gains and seemed rather unaffected by the...

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Forex Today: White House turnover spurs Asia risk-off, Eyes on EZ CPI

The overnight US dollar rebound lost legs in Asia on the final trading day of this week, as the White House woes returned to markets, with Trump looking to fire the US National...

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Asian markets struggle at the close of a choppy week

Many Asia-Pacific stocks were down modestly midday Friday, with markets getting little direction from European and U.S. activity overnight after what has been a choppy trading week...

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GBP/USD fighting for 1.4000 amid geopolitical turmoil

The GBP/USD is currently trading at around 1.3950. The pound fell 50 pips in the early European session amid escalating tensions between the UK and Russia...

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EUR/USD neutral, bullish breakout likely

In light of FX Strategists at Scotiabank, the pair could break above the current consolidative theme.

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EUR/USD flirting with lows, around mid-1.2300s ahead of US data

The EUR/USD pair extended its steady decline from an intraday high level of 1.2384 and has now dropped to fresh session lows. The pair extended its overnight retracement slide from multi-day tops, triggered by the...

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GBP/USD meets fresh supply, tests 1.3950 ahead of US data

The GBP/USD recovery once again lost legs just below the 1.40 mark, now pushing the rates to break through the midpoint of the 1.39 handle, as the demand for the greenback has returned to the markets amid ebbing fears of a global trade war. The USD index extends recovery from 89.62 lows to now trade near...

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Asian markets claw back some ground as investors go bargain hunting

Stocks in Japan and Hong Kong initially dropped by more than 1% following falls in major U.S. benchmarks overnight, but as investors perceived overselling they stepped in and pushed the Nikkei and the Hang Seng back into positive territory. Hong Kong’s recovery was...

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Forex Today: Yen outperforms on trade war fears, SNB decision in focus

The overnight risk-off market profile extended into Asia this Thursday, as lingering worries over a potential global trade war continued to kill the demand for the risk assets while boosting the safe-havens such as the Yen, Swiss franc, and gold. The sentiment soured on mounting concerns over...

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Oil edges higher as U.S. crude supplies jump, but gasoline stocks drop

Oil prices notched a modest gain on Wednesday, as gasoline futures climbed on the back of a hefty decline in U.S. supplies of the motor fuel, offsetting earlier pressure from a bigger-than-expected rise in crude supplies.

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Dollar claws back gains as euro weakens on Draghi concern for subdued inflation

The U.S. dollar retraced some losses achieved after Wednesday data, but remained in a close trading range. The euro a notable decliner after European Central Bank President Mario Draghi expressed concern with subdued inflation in the eurozone.

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USD/JPY flirting with daily lows, below mid-106.00s ahead of US data

The pair's latest leg of fall over the past few hours lacked any obvious fundamental trigger and could be attributed to some long-unwinding trade, especially after the recent repeated failures to sustain/build on...

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EUR/GBP slides back closer to 100-DMA support, near mid-0.8800s

After yesterday's modest rebound, the cross resumed with its prior depreciating slide and so far, traded with a negative bias for the fifth session in the previous six.This coupled with a disappointing EZ industrial production data, showing a...

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Forex today: political turmoil in White House and data send dollar off a cliff

Forex today was giving us more concerns about the internal affairs of the White House and the revolving door of top personnel with headlines that Secretary of State Tillerson had been fired...

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Asian markets pull back, led by banking and tech stocks

The global pullback in equity markets continued in Asia on Wednesday, where stocks opened lower across the board, following the firing of U.S. Secretary of State Rex Tillerson...

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GBP/USD rally losses strength near 1.4000

GBP/USD extended gains during the US session and reached a fresh 2-week high at 1.3993. Afterward pulled back modestly and it was trading at 1.3965/70, up more than 50 pips for the day. A weak US dollar across the board boosted the pair. The greenback started to slide after US inflation data (no positive surprise) and

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FOREX Tech Targets 13.03.2018: Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

EUR/USD: Neutral (since 05 Mar 18, 1.2335): Pressure shifted back to the downside but expect strong support at 1.2220. No change in view.EUR hit a ‘fresh’ low of 1.2271 last Friday but rebounded to close almost unchanged for the day. We continue to hold the view that the immediate pressure is...

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USD/CHF in search of a firm direction, stuck in a range ahead of US CPI

A combination of diverging forces has led to a subdued/range-bounce price action through the mid-European session on Tuesday. A goodish pickup in the US Dollar demand extended some support but the same was largely negated by the...

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Gold struggles near daily lows, US inflation data eyed for fresh impetus

Currently placed at the lower end of its daily trading range, a goodish pickup in the US Dollar demand was seen one of the key factors weighing on dollar-denominated commodities - like gold. This coupled with a positive tone around the US Treasury bond yields was further seen denting demand for the...

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Asian markets carve out gains ahead of U.S. inflation report

Investors in Asia-Pacific stock markets began shaking off their earlier caution ahead of the latest U.S. reading on inflation, which is likely to give some idea about whether the Federal Reserve will accelerate its pace of interest-rate increases. Shares across the region started to eke out gains in the afternoon or...

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Forex Today: AUD shrugs-off solid NAB, UK Budget, US inflation - Key

Forex today in Asia was a quiet affair in early trades, but volatility soon picked-up as risk sentiment improved. The Yen lost footing amid a solid rally in the Nikkei 225 index, as markets looked past the Japanese political woes. The USD/JPY pair staged a solid rebound and headed back towards the...

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Gold ends lower as investors await inflation report

Gold prices finished modestly lower on Monday, giving back the gains seen in the previous session as investors await U.S. consumer-price index data due Tuesday for the latest clue on the pace of Federal Reserve interest-rate hikes.

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EUR/USD rebounds and continues to consolidate around 1.2300

EUR/USD rebounded after hitting a fresh daily low at 1.2288. The euro rose back above 1.2300 and recently reached 1.2324, the highest level since the European session. Still remains far from the highs. It continues to consolidate near 1.2300.

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FOREX Tech Targets 12.03.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

EUR hit a ‘fresh’ low of 1.2271 last Friday but rebounded to close almost unchanged for the day. We continue to hold the view that the immediate pressure is on the downside even though ‘neutral’ shorter-term indicators suggest that EUR could trade sideways for a few days first before moving lower to test the solid support at 1.2220...

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GBP/USD eases from tops, remains capped below 1.39 handle

The GBP/USD pair trimmed some of its early gains and quickly retreated around 20-25 pips from session tops, touched in the past hour. The pair gained some positive traction at the start of a new trading week and jumped back closer to the...

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USD/CAD manages to hold above 1.2800 handle

The USD/CAD pair consolidated Friday's slump to 1-1/2 week lows and was seen oscillating in a range just above the 1.2800 handle. The US Dollar continues to be weighed down by the latest US monthly jobs report, showing an addition of...

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Asian markets start the week off strong, building on last week’s rebound

Asia-Pacific stock markets maintained strong early gains Monday afternoon, building on a late-week rebound. Many markets rose at least 1%, following similar gains Friday in the U.S.—including a record close for the Nasdaq Composite—that followed a strong...

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EUR/GBP continues to slide post-ECB, hits 1-week lows

EUR/GBP dropped on Friday for the third day in a row. It bottomed at 0.8873, the lowest level in a week. The pair rebounded from the lows but it was holding under 0.8900, with a bearish tone. The euro weakened after the ECB decision to keep rates and QE unchanged. Despite removing a line in the statement saying it would...

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Dollar flat after U.S. jobs data, yen falls after BOJ meeting

The dollar was little changed against a basket of currencies on Friday as monthly U.S. job growth data was its strongest in over 1-1/2 years while wage gains slowed more than expected, supporting the view the Federal Reserve would not quicken its pace on raising interest rates.

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FOREX Week Ahead: Dollar Mixed Ahead of Retail Sales, Inflation and North Korea Meeting

The US dollar ended up mixed against major pairs after the release of the U.S. non farm payrolls (NFP) report for February and news of a potential meet up between North Korea and American leaders. The NFP was a mixed bag with a monster 313,000 jobs gain but...

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EUR/USD ends week flat, hovering around 1.2300

EUR/USD rebounded on Friday and erased daily losses. It was about to end practically at the same level it had a week ago. The pair bottomed on Friday after the release of the US employment report. According to it, the economy created 313K jobs in February surpassing expectations...

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FOREX Tech Targets 09.03.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

The recent recovery ended abruptly as EUR plunged after touching a high of 1.2446 yesterday (we had previously expected the rebound to extend to 1.2500). The sharp and swift drop took out the key support at 1.2300 with an overnight low of 1.2296. The break of the key support has shifted the pressure back to the downside but at this stage, any weakness is expected to...

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EUR/USD challenges 1.2300 ahead of US Payrolls

EUR/USD remains under pressure at the end of the week in the 1.2300 neighbourhood, all amidst a renewed bid tone around the greenback as market participants continue to digest yesterday’s cautious tone from the...

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GBP/USD stuck in a range above 1.38 handle amid pre-NFP subdued trading action

The GBP/USD pair quickly reversed an early European session bullish spike but has still managed to hold its neck above the 1.3800 handle. The pair did get a minor boost and jumped to an intraday high level of 1.3831 amid a subdued US Dollar price-action. The up-move turned out to be...

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Forex Today: Yen slips on risk-recovery, a dud BoJ, UK data, US NFP - Key

Asia today witnessed a recovery in risk sentiment, as attention shifted from the US tariffs news to the North Korean announcement, as the North’s leader Kim Jong-Un offers to...

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Stocks in Japan, South Korea rise on news of Trump-Kim meeting

Most Asia-Pacific stocks posted more wide, strong gains Friday with the region getting a fresh boost from news that North Korean leader Kim Jong Un and President Donald Trump agreed to meet by May. But some of the gains cooled as the morning progressed, with traders digesting...

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GBP/USD slides further and eyes 1.3800 as USD rallies

GBP/USD broke below 1.3850 and dropped quickly to 1.3812, reaching the lowest since Monday. The pair was already lower and extended the decline during the American session. The greenback rose further across the board following Draghi’s press conference. The US dollar gained momentum on the back of easing fears of a...

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ECB’s Mario Draghi: ‘If you put tariffs against your allies, one wonders who the enemies are’

You don’t have to be a seasoned central-bank watcher to decipher the message in Mario Draghi’s latest comments on trade.

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EUR/JPY flirting with lows, nearing 131.00 mark ahead of ECB

The EUR/JPY cross maintained it’s offered tone through the mid-European session and is currently placed at session lows, around the 131.30-25 region. The shared currency lost some ground on Thursday as traders seemed inclined to lighten their bullish positions heading into...

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Opinion: Stock investors, listen to what the Japanese yen is telling you

Trading a couple of standard deviations away from key short-term moving averages typically is a sign that the rubber band has been stretched in an unsustainable fashion in key benchmark indexes. What we are seeing in the stock market is a reversion-to-the-mean type of trade, which is normal after the...

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Forex Today: CAD regains bids on US tariff exemption, Focus shifts to ECB

Forex today witnessed a recovery in risk appetite across Asia, as the White House announced that Canada and Mexico, and possibly other countries, may be exempted from...

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Asian markets bounce back, though worries remain post-Cohn

Asia-Pacific stocks rebounded solidly Thursday, as markets in the U.S. and Europe stabilized overnight following weakness sparked by top White House economic adviser Gary Cohn’s resignation...

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Gold inches lower as dollar gives up initial Cohn-exit boost

Gold traded lower Wednesday as the U.S. dollar gave up the gains it saw in the immediate wake of the resignation of key Trump ally Gary Cohn, purportedly over the gully in their views on trade and tariffs.

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FOREX Tech Targets 07.03.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

When we turned neutral two days ago (05 Mar, spot at 1.2335), we viewed EUR’s strength as a ‘correction’ but were of the view that the immediate bias is for a ‘probe’ higher towards the top of the expected 1.2220/1.2430 consolidation range.

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EUR/USD – Euro Edges Higher as Eurozone GDP Matches Estimate

The euro has edged higher in the Wednesday session. Currently, EUR/USD is trading at 1.2452, up 0.17% on the day. On the release front, Eurozone Revised GDP posted a gain of 0.6% for a fourth straight quarter. This matched the estimate. In the US, today’s key indicator is ADP nonfarm payrolls, which is expected to drop sharply to...

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EUR/USD clings to gains above 1.24 handle ahead of ADP report

On bids for the fifth consecutive session amid persistent USD weakness. • The up-move lacked strong conviction ahead of Thursday’s ECB decision. • US private sector employment details eyed for some trading impetus...

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Forex Today: Yen rallies as Cohn departure spooks Asia, EZ GDP – Up next

The central bankers’ speeches and economic releases played a second fiddle to the risk-off market condition that dominated the Asian trades this Wednesday, after the US Chief Economic Adviser Gary Cohn, a proponent of free-market trade, announced his resignation overnight. Cohn’s departure re-ignited worries over...

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Asian markets spooked by Gary Cohn’s resignation

Asia-Pacific stocks were broadly lower Wednesday with investors spooked by news that Gary Cohn would resign as President Donald Trump’s top economic adviser after he lost a...

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GBP/USD: Brexit transition deal on the cards, 1.4000 of back to 1.3480 uptrend?

After making a return trip from 1.3817 back through the 1.3877 European AM sell-off point, cable is looking fragile again, currently, trading at 1.3894, up 0.35% on the day, having posted a daily high at 1.3931 and low at 1.3817.

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Forex Tech Targets 06.03.2018:Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

We just turned neutral on EUR yesterday (05 Mar, spot at 1.2335) and there is no change to the view. The strong rebound from last week’s 1.2153 low is deemed as a ‘correction’ and not the start of a bullish phase. That said, the immediate bias is for a probe higher towards the top of the expected 1.2220/1.2430 consolidation range.

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Australia: Q4 GDP likely to print 0.5% figure - Nomura

Andrew Ticehurst, Research Analyst at Nomura, suggests that with the release of partial data for Australian economy this week covering inventories, profits, net exports and...

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NZD/USD hits fresh session tops, around mid-0.7200s ahead of GDT price index

Persistent worries over a possible global trade war, stemming out of the US President Donald Trump's recent proposal to impose steep tariffs on imported steel and...

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GBP futures: extra gains unlikely near term

In light of CME Group’s preliminary data for GBP futures markets, open interest decreased by more than 4.4K contracts on Monday - recording the third consecutive...

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Forex Today: AUD caps gains on poor Aus data, RBA, a light session ahead

We had an eventful Asian session this Tuesday, dominated by the Australian data dump and RBA rate decision amid risk-on market profile, as the US tariffs...

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British pound jumps on Brexit transition news, as dollar gives up gains

The U.S. dollar gave up its earlier gains during Monday’s session as the British pound jumped after Prime Minister Theresa May said a Brexit transition deal between...

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FOREX Tech Targets 05.03.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

Our recent bearish expectation (01 Mar, spot at 1.2185) was proven wrong quickly as EUR easily took out the ‘stop-loss’ at 1.2320 level last Friday (high of 1.2336). Despite the strong rebound from last week’s 1.2153 low, it is too soon to expect the start of a bullish phase. The current movement in EUR is viewed as...

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EUR/USD keeps 1.2300 on data, USD steady

The pair is struggling to extend its march north on Monday, while it seems to have found strong resistance at recent peaks in the...

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WTI rejected near $ 62 mark post-IEA forecasts

WTI (oil futures on NYMEX) stalled its upbeat momentum and reversed a part of the intraday gains, as the sentiment was dented following the release of the International Energy Agency (IEA) forecasts...

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AUD/USD off lows, still in red near mid-0.7700s

The AUD/USD pair maintained its offered tone through the early European session and is currently placed within striking distance of over 2-month lows set last Thursday. Despite the prevalent negative sentiment surrounding the US Dollar, the pair failed to attract any buying interest and was being...

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Forex Today: Euro hit by Italy hung parliament, UK services PMI eyed

The Euro witnessed a mixed start to the week, initially having received a boost following the weekend’s German SPD’s vote in favor of the coalition deal. However, the upside was short-lived as sentiment soured on the Italian election’s projected outcome of a...

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Eurozone: Politics and ECB - Danske Bank

The main events for the next day in the Eurozone, according to analysts from Danske Bank, are the Italian Parliamentary election being held and the results of the German SPD’s member vote on the coalition due to be released on Sunday.

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Forex Week Ahead: Dollar Retreats as Trade War Talk Escalates

The US dollar was set to end the week on a positive note after Fed Chair Jerome Powell testified twice and other Fed speakers signalled a hawkish view on the economy. The USD had appreciated on a weekly basis up until Thursday when President Donald Trump announced a 25 percent tariff on steel and 10 percent on aluminium imports. Markets reacted to the protectionist...

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EUR/USD recovers, ending week higher ahead of Super Sunday

EUR/USD is about to end the week trading above 1.2320, at the highest level in three days. The pair was able to...

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Gold off highs but firmly above $1300, consolidating near $1320

Gold peaked today at $1325/oz, reaching the highest level since Tuesday. After the beginning of the US session moved of highs and pulled back to $1317. Near the end of the week, it was hovering around...

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USD/CHF: Dollar bulls take profits after erasing most of the week’s gains

The USD/CHF is currently trading down 0.7% at about 0.9360 since it retraced sharply lower from yesterday’s highs seen at...

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Asian stocks drop sharply in wake of Trump’s tariff plan

Asian stocks fell sharply Friday, weighed down by greater fears of an escalation of trade protectionism after U.S. President Donald Trump announced...

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EUR/USD pushing higher, closer to 1.2300

The shared currency is extending yesterday’s recovery and is now lifting EUR/USD to the vicinity of the key...

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