FX News

Today's FXStreet Newswire

The latest news that can have the most noticeable market impact

10:40
December 12, 2019
Swiss central bank is sounding dovish – ING
Charlotte de Montpellier, economist at ING, points out that as per expectations, the Swiss central bank left its key interest rate unchanged at -0.75% and remains ready to intervene in the foreign exchange market if necessary. Key Quotes “As with every monetary policy assessment for the last two years, it still considers that the franc…
10:30
December 12, 2019
WTI erases EIA-inspired losses, trades above $59
EIA reported larger-than-expected increase in US crude stocks. IEA noted global oil demand rose 900,000 barrels per day in Q3. Focus remains on US-China trade talks ahead of tariff hike. Crude oil prices registered losses on Wednesday pressured by the weekly data published by the US Energy Information Administration (EIA). However, the International Energy Agency…
10:20
December 12, 2019
Gold Price News and Forecast: XAU/USD trades with modest losses, below $1475 level
Murrey Math Lines: XAU/USD, “Gold vs US Dollar” In the H4 chart, XAU/USD is moving above 5/8. In this case, the price may break 7/8 and continue trading upwards to reach the resistance at 8/8. However, this scenario may no longer be valid if the price breaks 6/8 to the downside. After that, the instrument may continue falling towards the…
10:10
December 12, 2019
India: Headline CPI likely to continue to push higher – TDS
Analysts at TD Securities suggest that India’s headline CPI is likely to continue to push higher, rising to around 5.22% YoY in November in our view. Key Quotes “CPI rose to a 16-month high of 4.62% y/y in October, above the RBI's medium term target of 4%. Once again food prices (especially vegetables and pulses)…
10:00
December 12, 2019
SNB’s Jordan: Economic conditions in Switzerland speak for continuation of current monetary policy
Responding to the Q&A, the Swiss Nation Bank (SNB) Chairman Jordan said that it's important to look at the overall situation with negative rates, especially international low-interest rates. Meanwhile, SNB board member Maechler said that “we are satisfied with banks preparations for change from LIBOR to SARON, but work still to be done”. Additional Comments…
10:00
December 12, 2019
Philippines: BSP still on hold – ANZ
ANZ analysts note that as widely expected, the Bangko Sentral ng Pilipinas (BSP) left its Overnight Repurchase Rate (RRP) unchanged at 4.00% today in Philippines. Key Quotes “The BSP remains on a prudent pause to assess the impact of previous policy easing, in our view.” “Given the current mix of below potential growth and a…
10:00
December 12, 2019
GBP/USD surrenders early gains to near 9-month tops, slips below 1.3200 handle
GBP/USD climbed to nine-month tops on Thursday but then started losing steam. Some near-term profit-taking kicks in as the UK voters head to polling stations. Exit polls later during the day will now provide some fresh directional impetus. The GBP/USD pair failed to capitalize on its early uptick to near nine-month tops and has now…
9:50
December 12, 2019
USD/INR hits fresh three-month lows near 70.50, tariffs eyed
USD/INR trades at the lowest levels since September 30th. Weaker USD on dovish FOMC weighs on the spot. Focus on USD dynamics ahead of the US tariffs decision. USD/INR extended its four-day losing streak and hit fresh three-month lows of 70.54 over the last hour, mainly in response to broad-based US dollar weakness and foreign…