Archives: FX News

Bugün FXstreet Newswires

The latest news that can have the most noticeable market impact

19:20
August 16, 2019
ECB likely to announce a tiering system in September – Danske Bank
According to analysts from Danske Bank, the European Central Bank will announce a tiering system at the September meeting. They see that the exact design and ultimately the market impact are difficult to assess.  Key Quotes:  “Our preferred tiering proposal would result in a less than 1:1 effect on EONIA from the expected deposit rate
19:20
August 16, 2019
EUR/USD: Concerns over global growth and ECB easing expectations will weigh on the Euro – MUFG
Analysts at MUFG Bank, see the EUR/USD pair with a neutral bias for next week, moving in the range of 1.0950 – 1.1250.  Key Quotes: “The euro has broken lower against the US dollar this week. The key factor behind this has been mounting concerns over global growth. Initially the euro had been trading in
18:50
August 16, 2019
USD/MXN trades sideways after rate cut, remains above 19.50
Mexican peso holds steady after Banxico rate cut.  USD/MXN about to end week modestly higher, unable to break key resistance at 19.75/80.  The USD/MXN pair rose late during Friday’s American session, climbing back above 19.60. It is about to end the week with a small gain. The pair remains supported by global risk aversion that
18:15
August 16, 2019
UK FinMin Javid: No-deal Brexit will require significant economic package as response
In an interview with British daily The Times, British Finance Minister Sajid Javid said that a significant economic package would be required as a response to a possible no-deal Brexit. Javid acknowledged concerns about the global economic outlook but said that fundamentals of the UK economy were strong while noting that they can't ignore the
18:10
August 16, 2019
NY Fed’s GDP Nowcast improves to 1.8% for Q3 from 1.6%
According to the Federal Reserve Bank of New York's latest Nowcasting Report, the US economy is expected to expand by 1.8% in the third quarter of the year, up from 1.6% reported last week. "News from this week's data releases increased the nowcast for 2019:Q3 by 0.2 percentage point," NY Fed explained in its weekly press release on
18:10
August 16, 2019
EUR/USD looks to post lowest weekly close in more than two years below 1.11
Germany is reportedly ready to take on new debt to counter recession. Eurozone trade surplus narrows less than expected in June.  US Dollar Index looks to post weekly gain of more than 1%. The shared currency struggled to find demand this week following the disappointing macroeconomic data releases and turned south after posting small recovery gains
17:40
August 16, 2019
USD/JPY technical analysis: Greenback makes modest progress against Yen, near 106.30
The demand for Yen as a safe-haven currency has been weak in the last three days.  The levels to beat for bulls are at the 106.30 and 106.55 resistances.   USD/JPY daily chart     USD/JPY is trading off multi-month lows while under the main daily simple moving averages (DSMAs). The market is trading just
17:40
August 16, 2019
Germany to urge EU member states to refuse to renegotiate Brexit deal – The Guardian
Citing a leaked German government paper, The Guardian today reported that Germany was ready for a no-deal Brexit and would urge its EU allies to refuse to renegotiate the Withdrawal Agreement. "The document prepared by officials for the German finance minister, Olaf Scholz, before talks in Berlin with the chancellor of the exchequer, Sajid Javid,
17:20
August 16, 2019
Fed’s Kashkari: Fed needs to pull back on interest rates
In an interview with CNN, Minneapolis Fed President Neel Kashkari said that the Fed needs to pull back on interest rates. "The bond market is pointing to a recession; that is not my base case outlook," Kashkari explained. "Better to be early and aggressive in responding to a slowdown." Kashkari's dovish stance is no surprise
17:10
August 16, 2019
United States Baker Hughes US Oil Rig Count rose from previous 764 to 770