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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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Gold tries to edge higher as dollar slips

Worries about a spat between the two largest economies, China and the U.S., have rattled investors, and weighed on both equities and gold, the latter of which ordinarily would benefit from the uncertainty fostered by the dispute over global trade imbalances.

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GBP/USD eases from over 1-week high, back below mid-1.3200s after Carney

The pair built on last week's goodish recovery move from fresh YTD lows and has so far, held with a positive bias for the fourth session in the previous five. The incoming positive UK economic data, combined with the ongoing US Dollar retracement slide continued driving the pair higher and helped build on its momentum beyond the 1.3200 handle.

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EUR/USD consolidates gains near 1.1685 ahead of US ADP, Fed minutes

Despite the latest leg lower, the major remains well bid and looks to regain the 1.17 barrier, as the common currency continues to derive support from the latest Bloomberg report, citing sources that some ECB members see a rate hike at the end of 2019 as 'too late.'

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FOREX Tech Targets 05.07.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

There is not much to add as EUR spent another day ‘going nowhere’ yesterday and ended the day unchanged (closed at 1.1654, 0.00%). We have held the same view since Monday (02 Jul, spot at 1.1670) wherein the current movement is viewed as part of a consolidation phase and EUR is expected to trade sideways to slightly higher, likely within a 1.1570/1.1750 range.

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USD/CAD – Canadian dollar quiet, investors eye FOMC minutes

Canada’s manufacturing sector continues to expand. Canadian Manufacturing PMI improved to 57.1 in June, the highest level since the survey started in 2010. The strong numbers are all the more impressive, given the deadlocked NAFTA negotiations and recent tariff spat between Canada and the United States.

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China: Ready for trade war and currency battle – Nordea Markets

The currently confirmed tariff of 25% on USD 34bn of goods implies a net export loss of less than 0.2% of GDP. Given the likelihood of Chinese companies directing their exports to other markets and the authorities stimulating domestic demand to replace the exports lost, the final impact on the Chinese economy is likely even smaller than estimated here.

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EUR/USD flirting with lows, below mid-1.1600s

The pair's sudden reversal of around 50-pips since the early European session lacked any obvious fundamental trigger and could be solely attributed to some renewed USD buying interest.

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China’s yuan rallies against the dollar

Demand for options that protect investors against swings in the dollar against the offshore yuan shot up after the yuan’s latest moves. One-month implied volatility for the dollar against the yuan, which is based on prices for such protective currency options, has surged to near its highest level since February and is almost double its five-year average, according to Thomson Reuters.

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EUR/USD takes a sharp U-turn, drops back to 1.1640

However, it remains to be seen If the major can hold the 1.16 handle in the day ahead, as better-than-expected German and Eurozone June services PMI data could rescue the EUR bulls.

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FOREX Tech Targets 04.07.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

EUR traded in a muted manner yesterday and registered a relatively narrow range. We continue to hold a neutral view but detect a positive underlying tone. Overall, the current movement is viewed as part of a broad consolidation phase and EUR is expected to trade sideways to slightly higher, likely within a 1.1570/1.1750 range.

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DAX rebounds with strong gains

The DAX is coming off another rough week, in which it declined 1.5 percent. Recent trade tensions are threatening to hamper the eurozone export sector, which in turn could weigh on manufacturing output. Investors are keeping a close eye on German and eurozone manufacturing PMIs, which are bellwethers of the strength of the manufacturing sector.

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PBoC Official: China will not use Yuan as tool in trade conflict

According to the latest headline floating on the wires, the head of PBOC's research institute was noted saying that the recent weakness in Chinese Yuan is not a result of PBOC guidance but has been a recurring theme during the Asian sessions.

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When is NZ GDT price index and how could it affect NZD/USD?

Global Dairy Trade (GDT) will release its dairy price index, which is published every two weeks and uses a weighted average of the percentage changes in dairy prices sold at auction. New-Zealand relies heavily on exports and up to 20% of the total its exports are made up of dairy products. Hence the index has gained relevance lately and could significantly influence the Kiwi.

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SEK: Cautious over the near term path - TDS

Today’s Riksbank decision keeps alive hopes that a thin wedge of policy divergence could emerge between the Riksbank and the ECB and in line with this, the FX market has keyed onto the more hawkish elements of the announcement, according to analysts at TD Securities.

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Sterling slumps as Brexit crunch nears

Sterling fell toward an eight-month low against the dollar on Monday after stronger-than-expected manufacturing sector data failed to temper investors’ concerns about a Brexit cabinet meeting later in the week.

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Forex Today: Yen bid on risk-off, Aussie unmoved by RBA, UK construction PMI in focus

Forex Today was a mixed bag with most G10 currencies trading on the back foot, despite broad-based US dollar weakness, as cautioned prevailed amid risk-off in the Asian stock markets, with the July 6 tariff deadline nearing. More so, continued Yuan weakness combined with downbeat fundamentals added to risk-averse market conditions.

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PBoC: Deliberate weakening of CNY as part of the trade war? – Nordea Markets

Last week was another trade war week, as the market has been looking for clues on the Chinese retaliation measures against the Trump tariffs that are planned to go live on 6 July, according to analysts at Nordea Markets.

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CAC dips to 7-week low, French manufacturing PMI misses expectations

The CAC index is under pressure in the Monday session. Currently, the CAC is at 5284, down 0.74% since the Friday close. On the release front, the markets are digesting manufacturing reports. In France, the Manufacturing PMI dropped to 52.5, shy of the estimate of 53.1 points.

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FOREX Tech Targets 02.07.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

We have held the same view since last Thursday (28 Jun, spot at 1.1560) wherein a break of the major 1.1505/10 support would not be surprising, the “prospect for a sustained decline is not high”. EUR subsequently hit a low 1.1525 during NY hours on Thursday before staging a surprisingly strong and sharp rally that hit a high of 1.1690 on Friday.

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UK: Manufacturing PMI unchanged in June at 54.4 - TDS

Details showed that output slowed, new orders were up a touch, job creation was the only strong-ish point (best level in 3 months), and higher input costs were partially passed through into higher output costs.

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Dow futures fall more than 100 points as Trump, EU exchange trade jabs

U.S. stock futures lost ground Monday, with investors staying concerned about trade fights as the year’s second half starts, after President Donald Trump talked tough again on trade with the European Union.

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USD/JPY looks to test 110.50 amid sell-off in European equities

The sell-off seen in the European equities at the start of the third quarter intensified the risk-off moods, spurred by the renewed German political jitters, which offered a fresh boost to the safe-haven bids for the Yen.

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Market Events Ahead

Market events to watch this week

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FOREX Week Ahead: Dollar Strong Ahead of July 4 Holiday

Canadian businesses remain optimistic as evidenced by the Bank of Canada (BoC) Business Outlook Survey published on Friday. The main caveat is the survey was taken a month ago, before anti-trade comments reached a different pitch.

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USD/JPY sticks to daily gains above mid-110s despite USD weakness

Earlier today, the data from the United States showed that personal spending increased 0.2% in May to fall short of the market estimate of 0.4%. Moreover, the final reading of the UoM's Consumer Sentiment Index dropped to 98.2 from 99.3, highlighting that Trump administration's trade policy was causing concerns among consumers.

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BoC Q2 Business Outlook Survey: Some expectation of moderation in pace of sales growth

The Bank of Canada has recently published its Business Outlook Survey for the second quarter of the year, with key highlights, via Reuters, found below.

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Cryptocurrency Daily Roundup - Jun. 29

Here is a wrap of the main cryptocurrency and blockchain news over the past 24 hours.Bitcoin Back Below $6K To Set New Low Thus Far In 2018 Bitcoin lost ground Friday morning to fall below $6,000 and the top cryptocurrency hit a new low for the year thus far on weaker volumes amid rising concerns over stricter regulation for the nascent market across the world.

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Euro rallies on EU migration agreement; dollar slumps

The euro gained on Friday after European Union leaders reached an agreement on migration that eased pressure on German Chancellor Angel, but traders said the gains may be short-lived because of deep divisions within the EU.

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Forex Today: EUR, risk rebound in Asia on EU migration deal, Eurozone CPI, UK GDP – Up next

Forex Today experienced a major turnaround in the risk sentiment after the European Union (EU) reached an agreement on the migration policy at the EU Summit. The Euro was the biggest beneficiary of the EU migration deal news while the risk/ higher-yielding assets such as Antipodeans, Asian equities also...

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US Dollar losing the grip, still above 95.00

The greenback, in terms of the US Dollar Index (DXY), remains on the defensive on Thursday although still manages to keep the trade above the key 95.00 milestone.The index comes down to the 95.15/10 band, or fresh daily lows, after the third revision of US GDP figures for the January-March period disappointed estimates, showing the economy is now seeing expanding at an annualized 2.0% (vs. 2.2% forecasted).

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USD/CAD recovers above 1.33 despite disappointing US GDP report

Despite the dismal GDP report from the United States, the USD/CAD started recovering its losses and rose above the 1.33 mark. As of writing, the pair was trading at 1.3305, still down 0.25% on the day.The data released by the Bureau of Economic Analysis revealed that the real-GDP growth in the first quarter eased to 2% in the third estimate from 2.2% in the second estimate. Further details of the report showed that core personal consumption expenditures remained steady at 2.3% in line with expectations.

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FOREX Tech Targets 28.06.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

Our recent expectation for a stronger rebound in EUR was proven wrong as the break of the 1.1605 ‘key support’ yesterday resulted in a sharp drop to a low of 1.1539. From here, market is clearly eyeing the 1.1505/10 support as this level was tested twice in recent weeks but held (low of 1.1506 in late May and 1.1507 last week).

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Trade uncertainty intensifies H2 2018 growth risks - ANZ

As the second half of 2018 gets under way, trade frictions appear to be escalating and geostrategic tensions have intensified with Washington threatening to curb Chinese investment in US technology firms, points out the research team at ANZ.

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Forex Today: Kiwi drops further on RBNZ’s status quo, EU Summit – Key

The focus for today remains the EU Summit, where the European leaders meet about a range of global economic issues, including migration, security, defense, and the economy, in Brussels. The main topic of discussion on agenda is likely to be the migrant policy, which will have a major impact on the bloc’s political stability, especially concerning the German political climate, with Merkel in disagreement with her coalition.

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U.S. oil hits 3.5-year high after inventory draw

Oil prices jumped on Wednesday as plunging U.S. crude stockpiles compounded supply concerns due to uncertainty over Libyan exports, a production disruption in Canada, and U.S. demands that importers stop buying Iranian crude from November.

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Sterling falls as dollar rises, doubts return over interest rate rise

The pound fell against the euro and the dollar on Wednesday as imminent Brexit talks and doubts the Bank of England will raise interest rates this year darkened the outlook for the currency.

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FOREX Tech Targets 27.06.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

EUR edged above Monday’s 1.1713 high and touched 1.1720 before skidding to close lower for the first time in 3 days (NY close of 1.1645, -0.48%). Despite the relatively large drop, the undertone remains positive and we continue to see chance for a test if not a break of 1.1750.

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GBP/JPY Technical Analysis: a bearish breakdown seems imminent

Current Price: 145.03Daily High: 145.66Daily Low: 144.81Trend: Bearish ResistanceR1: 145.20 (horizontal level)R2: 145.68 (200-period SMA H1)R3: 145.97 (R1 daily pivot-point) SupportS1: 144.70 (bearish H&S neckline)S2: 144.39 (June 19 swing low)S3: 144.00 (round figure mark)

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USD/CHF scope for a test of 0.9789/33 – Commerzbank

USD/CHF has not sustained its initial break of the 55 day ma and is trading back above here. Last week the market reversed from just below the psychological 1.0000 level and sold off and for now we will assume remains on the defensive. We would allow for a slide back to the recent low at .9789 and the 200 day ma at .9733.

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EUR/USD scope for a visit to 1.1733 – Commerzbank

EUR/USD has seen an initial halt at the previous 23.6% retracement at 1.1723. We look for it to recover further following last week’s key day reversal. It is likely that we will see a rally towards the 1.1733 resistance line. This guards the recent high at 1.1853/55.

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Gold slides to 6-month lows as U.S. stocks, dollar index gain

The June selloff in global risk assets, which was sparked by a fresh round of global trade friction, continued Tuesday in most Asian markets but European stocks mostly advanced and U.S. benchmark stock indexes edged higher. Global trade friction, however, has had a subdued impact in supporting haven gold so far.

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Dollar inches up; China’s yuan remains a focus as trade uncertainty weighs

Trade tensions supported haven currencies like the Japanese yenUSDJPY, +0.10% against the dollar earlier in the Tuesday session, before they also fell prey to the strengthening buck. The buck last fetched ¥109.94, up 0.2%

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USD/JPY bulls now eyeing to build on momentum beyond 110.00 handle

Having found decent support near the 109.40-35 region, 55-day SMA, the pair started trending higher and has now added around 70-pips from session lows. Against the backdrop of a goodish pickup in the US Dollar demand, a positive opening across the US equity marketsweighed on the Japanese Yen's safe-haven appeal and provided an additional boost to the pair's up-move.

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Sterling edges higher as dollar weakness spreads; EU summit eyed

Sterling edged higher from the day’s lows on the back of a weaker dollar as worries about rising trade tensions between the United States and other leading economies kept risk appetite in check.

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FOREX Tech Targets 26.06.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

We highlighted yesterday (25 Jun, spot at 1.1660) that the recent downward pressure has eased and the positive bias suggests that EUR is more likely to test the top of the expected 1.1550/1.1750 consolidation range first. EUR subsequently touched a high of 1.1713 and...

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Forex Today: Yen regains footing in Asia, Bank of England-speaks eyed

Forex Today witnessed resurgent Yen demand in Asia, as risk sentiment continued to remain sour amid escalating global trade war fears, with the higher-yielding/ risk assets taking a beating across the board. The Asian stocks were hammered by risk-off trades while the Antipodeans traded on the back foot amid...

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Dollar dented by simmering trade worries

The dollar fell against the Japanese yen on Monday as worries about escalating trade tensions between the United States and other leading economies kept risk appetite in check.

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Sterling hits six-day high after BoE meeting but Brexit fears limit gains

The pound rose to a six-day high on Friday after a Bank of England meeting revived expectations of a rate hike this year, but fears of a breakdown in Brexit talks next week limited sterling’s gains. The British currency has struggled through much of June, weighed down by worries about a...

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FOREX Tech Targets 25.06.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

Our recent view that EUR “is not ready to reenter a bearish phase just yet” was proven right as it staged a strong up-move last Friday and hit a high of 1.1675. While this level was just below the ‘key resistance’ at 1.1680, the subsequent strong daily closing is enough to indicate that...

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US: Economy to grow significantly above potential - Nomura

Transitory factors that contributed to weak inflation in 2017 have largely reverted. In 2018 and 2019, we expect core inflation to pick up gradually as labor markets tighten and the economy operates above potential.

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China’s liquidity boost tempered by trade war jousting

China’s central bank announced on Sunday a 50bps reduction of reserve ratio requirements for some banks effective July 5, according to its website update. This is the third reduction this year and suggests a liquidity boost of about 700b yuan (approximately $108b) for the local banking system.

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Japan Leading Index Rises More Than Estimated In April

Japan's leading index improved more than initially estimated in April, latest figures from the Cabinet Office showed Monday. The leading index, which measures the future economic activity, rose to 106.2 in April from 104.5 in March. The flash score for April was 105.6.

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Market Events Ahead

Market events to watch this week

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FOREX Week Ahead: Dollar Mixed as EU Trade Spat Escalates

The US dollar is mixed against major pairs. Safe havens like the Swiss franc, Japanese yen and the euro have gained against the greenback, while the Canadian and New Zealand dollars along with the pound are lower. Strong data in Europe boosted the single currency but the rally was short lived after...

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Euro rises on growth data, Italian assurances to stay the course

The euro rose on Friday as traders were encouraged by improved regional economic growth data and new assurances by Italian politicians that their nation would not leave the single currency. The euro was on pace for a weekly gain of 0.29 percent against the dollar...

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USD/JPY struggles to clear 200-DMA hurdle

The USD/JPY pair stalled its up-move at the very important 200-day SMA and has now retreated few pips from session tops, touched earlier today. The US Dollar weakness remained unabated through the early North-American session and was further weighed down by weaker...

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FOREX Tech Targets 22.06.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

We have held the same view since Wednesday (20 Jun, spot at 1.1585) that “a dip below 1.1505 not ruled out but weakness is unlikely to be sustained”. EUR briefly touched 1.1507 yesterday before...

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AUD/USD above 0.7455 should indicate a low is in place – UOB

The recent mild downward pressure has eased and the current movement is viewed as part of a consolidation phase. In other words, AUD is expected to trade sideways for today, likely within a 0.7355/0.7415 range

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US Dollar extends the drop to 94.50 ahead of data

The index is down for the second session in a row at the end of the week, coming down from yesterday’s fresh 11-month tops just beyond 95.50. The selling momentum in the buck picked up pace in tandem with shrinking concerns on the US-China trade front following escalating tensions at the beginning of the week.

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EUR/USD loss of downside momentum – Commerzbank

EUR/USD has retested the 1.1510 May low. This has held the initial test and the market has charted a key day reversal. The daily RSI did not confirm the new low and there is a loss of downside momentum, we will exit our short positions for now

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Auto makers, Italian stocks drag European shares lower

Italian stocks, meanwhile, fell into the red following reports that two euroskeptic lawmakers from Italy’s League party — Alberto Bagnai and Claudio Borghi — have been named as the head of the Senate’s finance committee and president of the House’s budget and finance committee, respectively.

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AMC’s new subscription service is a formidable competitor for MoviePass, analysts say

On Tuesday, AMC will begin offering guests the option of seeing three movies per week for a monthly fee of $19.95. The subscription service, dubbed AMC Stubs A-List, will be offered through its loyalty program AMC Stubs. A-List will be a formidable opponent to MoviePass, whose majority owner is Helios & Matheson Analytics Inc.

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USD/JPY falls to retest 200-DMA support near 110.25 area

The latest political development in Italy, where in Lega Nord’s Economist and euro-skeptic Alberto Bagnai was appointed Head of the Senate Finance Committee, prompted some safe-haven buying and triggered the initial leg of retracement.

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Sterling falls to seven-month low before Bank of England meeting

The pound sank to a seven-month low on Thursday before a Bank of England monetary policy meeting where officials could indicate if interest rates will be raised this year despite a weak spell for the economy.

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FOREX Tech Targets 21.06.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

As highlighted yesterday, despite the recent weakness, we are not convinced that EUR has reentered a bearish phase. However, a dip below the year-to-date low of 1.1505 is not ruled out but at this stage, we do not...

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Forex Today: Kiwi weakest in Asia, Swiss National Bank, Bank of England rate decisions eyed

Forex Today witnessed good two-way trading in Asia this Thursday, as a risk-on rally in the equities lifted the sentiment while weak fundamentals and US-China trade rhetoric kept the investors on the edge.

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AUD trading like an Emerging Market currency - AmpGFX

AUD has been hard hit along with Asian EM markets from imposition of US trade tariffs on China and is often viewed as a proxy for Chinese economic and financial risks, according to Greg Gibbs, Analyst at Amplifying Global FX Capital.

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Sterling pinned at seven-month lows before parliament Brexit vote

Sterling slid to a fresh seven-month low against the dollar on Wednesday as concerns over the latest round of Brexit negotiations sapped demand for the British currency before a central bank meeting on Thursday.

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Dollar catches breath after scaling 11-month peak as trade concerns brew

The dollar paused on Wednesday after hitting a 11-month high in the previous session as investors consolidated bets after a recent rally, though concerns over a widening trade dispute between the United States and China kept sentiment on edge.

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Forex Today: Aussie rebounds amid risk-recovery, ECB Sintra Forum - Key

Improved risk appetite offered a sigh of relief across the fx board in Asia this Wednesday, as markets shrugged-off the renewed tensions over the US-Sino trade spat. However, most majors held onto tight trading ranges, as markets took a breather ahead of the key panel discussion at the European Central Bank (ECB) Sintra Forum.

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AUD/USD Technical Outlook: Charts Highlight Nearby Price Support

The Australian Dollar has plummeted more than 9% off the yearly highs (nearly 6% year-to-date) with the decline now approaching initial support targets of interest. While the immediate risk remains lower in the Aussie, we’re on the lookout for near-term exhaustion in price. These are the updated targets & invalidations levels that matter for AUD/USD.

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NZD/USD struggles to recover above 0.69 after dismal GDT auction outcome

Earlier in the session, the GDT price index in New Zealand dropped by 1.2% in the bi-weekly auction following the 1.3% reduction seen in the previous auction, making it difficult for the kiwi to retrace its losses against the greenback.

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GBP/USD consolidates daily losses below 1.32

The USD valuation remains as the main driver of the pair's price action in the FX markets on Tuesday. After retracing a portion of last week's gains on Monday, the US Dollar Index gathered momentum on Tuesday as the lack of fundamental catalysts allowed investors to stay focused on Fed's monetary policy outlook.

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KKR explores sale of $3.5 billion European telecom United Group

The auction comes amid a flurry of deal activity in Europe’s communications and broadcasting sector, with companies such as wireless giant Vodafone Group PLCVOD, -1.01% buying assets across Europe to offer packages of cable, internet, wireless and landline-phone services in a bid to win more customers.

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Draghi’s speech at ECB Forum in Sintra

The European Central Bank (ECB) President Draghi’s speech is likely to hog the limelight in a data-light European session ahead. Draghi is due to deliver an introductory speech at 0800 GMT, as the two-day ECB Forum on Central banking begins in Sintra, Portugal.Markets eagerly await his comments on the monetary policy at the event, especially after the ECB announced last week that it would end the quantitative easing (QE) programme at the end of December 2018

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Gold attempts rebound after marking 2018’s lowest settlement

Friday’s drop for the metal came as the U.S. dollar marked a 1.3% weekly gain, following a series of central-bank gatherings. A key move was the European Central Bank’s policy decision on Thursday to eventually unwind its crisis-era, easy-money programs but hold its benchmark rates at lower levels for a longer period than the market had expected.

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US Dollar gathers pace, flirting with 95.00

The index seems to have recovered the smile at the beginning of the week and is now reverting Friday’s pullback, hovering over the 95.00 neighbourhood against the backdrop of a weaker tone in the risk-associated space. The greenback so far manages to leave behind another round in the US-China trade conflict, all amidst the recently imposed US tariffs on Chinese products and the subsequent retaliatory measures from the Asian economy.

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GBP/USD in a bearish mood as last week's selloff sees the pair struggling to recover to 1.33

Last week's Brexit voting in the UK's House of Lords handed a solid win to Prime Minister Theresa May, however that win carries a cost: managing to keep the UK's Parliament out of the ongoing Brexit negotiation process has increased the chances of a hard Brexit scenario, which is sapping what's left of any potential bullish momentum for the Sterling.

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Forex Week Ahead: Dollar Higher After Fed Hike and Dovish ECB

The US dollar gained against all major pairs this week. A hawkish Fed and a dovish European Central Bank (ECB) gave the edge to the American currency. Donald Trump scored diplomacy points in Singapore by meeting with North Korean leader Kim. Trade war fears were once again at the forefront as the Trump administration announced new tariffs on Chinese goods on Friday. Oil prices plunged as supply might be on the rise with heavy anticipation on the Organization of the Petroleum Exporting Countries (OPEC) meeting on Friday.

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GBP/USD remains near 1.3300, consolidates weekly losses

Cable is rising modestly on Friday, recovering ground after yesterday’s slide. GBP/USD has been moving in a small range, still unable to recover the 1.3300 handle, between 1.3295 and 1.3260.The pair bottomed today at 1.3208, a 2-week low located slightly above year-to-date lows. It rebounded and during the US session hit at 1.3297 a fresh daily high...

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AUD/USD struggles to recover its losses, stays near mid-0.74s

After closing the previous day below the critical 0.75 mark with a daily loss of nearly 100 pips, the AUD/USD pair failed to make a meaningful recovery on Friday and continued to edge lower. As of writing, the pair was trading at its lowest level since mid-May at 0.7455 and losing 0.3% on the day. The first data from the United States on Friday...

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AUD/USD off lows, still in red near 1-month lows

Meanwhile, a weaker tone around commodity space did little to provide any additional boost to the commodity-linked Australian Dollar, with the pair failing ahead of the key 0.7500 psychological mark and quickly retreating around 15-pips from highs.

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USD/JPY fails ahead of 111.00 mark, drops back closer to session lows

Meanwhile, escalating US-China trade tensions largely offset a positive opening across European bourses, and was seen lending some support to the Japanese Yen’s safe-haven appeal. Traders opted to take some profits off the table and seemed to be the only factors behind the pair’s retracement of around 40-pips from session high.

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GBP/USD drifting below 1.3250 ahead of a thin Friday session

Thursday started off bullish for the Pound, with UK Retail Sales printing better than expected, with the m/m Retail Sales for May coming in at 1.3% versus the expected 0.5%. But the bull run sputtered out quickly, after the European Central Bank pushed out hopes of any rates hikes until after the summer of 2019.

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Gold climbs toward highest finish in a month after ECB, Fed policy decisions

Aside from the central banks, trade worries continued to be on investors’ minds on Thursday. President Donald Trump’s administration is preparing to announce tariffs on tens of billions of dollars in Chinese goods as early as Friday, a move that is feared to trigger retaliatory action by China. Trade concerns can be supportive for haven gold, although its direct impact has been limited so far.

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GBP/USD retreats from tops near 1.3450

The Sterling is trading on the right foot for yet another session, lifting GBP/USD to test the area of fresh 5-day tops in the vicinity of 1.3450.Cable is advancing for the second session in a row on Thursday, deriving support from the renewed selling bias around the greenback and auspicious results from the UK calendar.

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Euro climbs, dollar slips with ECB decision on deck

The euro firmed up against the dollar on Thursday, ahead of a policy announcement from the European Central Bank, which may outline the bank’s plans for winding down its bond-buying program.Meanwhile, a popular gauge for the U.S. dollar continued to decline in the wake of an interest-rate hike by the Federal Reserve on Wednesday. The dollar initially climbed after that decision, but then slipped as the upbeat mood faded. The Fed’s key interest rate now sits within a range of 1.75% to 2%, after the seventh hike since December 2015.

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Asian markets swing lower after Fed rate hike

Asian stock markets were down in early trading Thursday, after the U.S. Federal Reserve raised interest rates and indicated two more rate hikes were coming later this year.Japanese stocks opened lower, with just the fishery/ag/forestry and marine transportation sectors up.

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Fed will raise interest rates - here’s what it will do to keep market calm

The market has already priced in a decision by the Fed to raise the target range of the federal funds rate by 25 basis points to a range of 1.75% to 2%. This will be the second rate hike this year and the seventh move since the start of the tightening cycle.

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DAX moves higher ahead of Fed rate announcement

Central banks will be in the spotlight this week, with rate statements from the Federal Reserve on Wednesday and the ECB on Thursday. The Fed is widely expected to raise rates, with odds of a quarter-rate hike at 94%. Although the rate increase has been priced in, the U.S dollar could still make some gains against its major rivals. In Europe, the ECB will be looking for any clues with regard to the ECB’s asset-purchase program.

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Pound at Risk on UK CPI, US Dollar to Rise on Hawkish Fed

UK CPI data headlines the economic calendar in European trading hours. The headline inflation rate is expected to print at 2.4 percent on-year in May, unchanged from the prior month. Leading PMI surveys argue for softer price growth however, echoing a string of recent disappointments on UK data outcomes relative to consensus forecasts. Such a result is likely to weigh on the British Pound.

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Gold Prices May Finally Break Trend Support on Hawkish Fed

Gold prices retreated as the US Dollar posted the largest increase in two weeks, extending its winning streak to a fourth consecutive day and undercutting the appeal of anti-fiat alternatives. An upshift in the priced-in 2019 interest rate hike path implied in Fed Funds futures looks to have accounted for the move. In-line US CPI data passed largely unnoticed, as expected.

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FTSE 100 pulls back, with investors underwhelmed by Trump-Kim pledge

U.K. stocks fell Tuesday after a historic meeting between U.S. President Donald Trump and North Korean leader Kim Jong Un resulted in an agreement that critics said was too broad in nature when it comes to denuclearization in the Korean Peninsula. The pound declined as attention to the Brexit debate among British lawmakers. Meanwhile, British wage-growth figures fell slightly short of expectations. How markets are performing

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Gold prices drop in wake of Trump-Kim pact as attention fixes on interest rates

U.S. President Donald Trump and North Korean leader Kim Jong Un signed a joint document pledging to work toward the complete denuclearization of the Korean Peninsula, but the statement was criticized as lacking detail on the verification of the process. Competition for market attention also fixed on interest-rate policy. The Federal Reserve is expected to raise interest rates after its two-day meeting, which begins Tuesday. European Central Bank policy makers are expected to announce the timing of a reduction of its crisis-era asset-purchase initiative when it meets on Thursday.

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Blow to Theresa May as U.K. minister resigns ahead of crucial Brexit vote

The votes in the House of Commons, the elected chamber, could influence negotiations over the future relationship between the European Union and the U.K. after Brexit. The results could also deliver a further blow to Prime Minister Theresa May’s authority, which was severely damaged when she lost her parliamentary majority after calling a general election last year.

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European stocks step lower as Trump-Kim pledge ‘lacks some detail’

Gains for European stocks largely faded Tuesday, with investors considering results of U.S. President Trump’s unprecedented summit with North Korean leader Kim Jong Un in Singapore.The broader Stoxx Europe 600 Index SXXP, +0.07% slipped by less than 1 point to 387.80 after rising as much as 0.4%. The basic materials and oil and gas groups led declining sectors, but the utility and tech groups moved higher. On Monday, the index rose 0.7%, the first rise in five sessions.

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AUD/USD Outlook Mired by Failed Attempt to Break Trendline Resistance

AUD/USD retraces the decline from late last week even as the G7 Summit does little to ward off the threat for a global trade war, and the pair may continue to catch a bid over the next 24-hours of trade as the recent pickup in market sentiment appears to be gathering pace.

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Gold holds to tight range ahead of North Korea summit, expected Fed rate action

As for interest-rate policy, the key driver of currency and gold levels, the Federal Reserve is expected to raise interest rates after its two-day meeting that begins Tuesday. European Central Bank policy makers are expected to announce the timing of a reduction of its crisis-era asset-purchase initiative when it meets on Thursday.

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Trump Continues to Lash Out at Allies

The U.S. leader, who is now in Singapore to meet with his North Koreancounterpart, said “Fair Trade is now to be called Fool Trade if it is not Reciprocal,” and called into question the trading relationship between his country and some of its closest allies.

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GBP/USD a test of 1.35/1.36 remains on the cards – Commerzbank

“GBP/USD continues to correct higher near term. The Elliott wavecount is pointing to a corrective rebound into the 1.3500 and then 1.3600 area, which is fairly tepid (this would not even represent a 38.2% retracement, which lies at 1.3652). We have a support line at 1.3354, which...

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