FX News

Today's FXStreet Newswire

The latest news that can have the most noticeable market impact

19:50
October 21, 2019
Fed: We suspect the FOMC will cut another 25 bps – Wells Fargo
According to analysts at Wells Fargo, trade uncertainties leading to declines in economic outcomes could be the basis for an interest rate cut in October. They suspect the FOMC will cut the fed funds rate another 25 bps (60% probability).  Key Quotes:  “After a decade without a rate cut, the Federal Reserve Open Market Committee…
19:40
October 21, 2019
US Dollar Index technical analysis: DXY bears taking a breather near the 200-DMA
The US Dollar Index (DXY) attempts a shy rebound this Monday.  The Greenback remains under pressure near the 200-day simple moving average (DMA).          DXY daily chart   The US Dollar Index (DXY) is under pressure hovering near its 200-day simple moving average (DMA).  DXY four-hour chart   DXY is under bearish…
19:40
October 21, 2019
USD/MXN Technical analysis: Bearish bias intact as price eyes long-term uptrend line
Mexican peso holds a positive outlook against US Dollar.  USD/MXN shows oversold readings, consolidation expected while above 19.10.  The USD/MXN failed to recover above 19.15 and is about to end the day near the 19.10 support level, with the bearish bias intact.  Despite some oversold readings, no signs of a correction are seen yet. A…
19:10
October 21, 2019
NZD/USD: Bulls committed to the 0.64 handle on trade-deal optimism
NZD/USD tucked in below fresh monthly highs on trade-deal optimism.  RBNZ focus on slowing economy, which will see inflation continue to fall short over the next year. NZD/USD printed fresh monthly highs at the start of this week to 0.6416 before sliding to lose the handle and scoring a low of 0.6370. The pair was supported…
18:50
October 21, 2019
Gold drops toward $1480 as the US Dollar rebounds
XAU/USD breaks range but remains above strong short-term support.  US dollar gains momentum during the American session as US yields rise further.  Gold price broke an intraday range to the downside. It bottomed at $1,483/oz, the lowest level since October 16. The slide found support above $1,490 and near the end of the session, it…
18:40
October 21, 2019
AUD/USD pulls away from monthly highs, steadies near 0.6870
Renewed trade optimism helps antipodeans gather strength. US Dollar Index makes a technical recovery on Monday. Market focus is likely to remain on trade headlines amid empty economic calendar. The AUD/USD pair closed the previous week 80 pips higher and started the new week on a positive note boosted. After reaching its highest level since…
18:15
October 21, 2019
USD/CAD: Bears in control ahead of election results
Today is election day in Canada and Loonie is firm ahead of the results. USD/CAD last traded this low in summer of 2019, (July). USD/CAD has been on the backfoot, travelling from a high of 1.3138 to a low of 1.3085 at the start of the week so far. The slide leaves the downside exposed…
17:30
October 21, 2019
GBP/USD technical analysis: Cable off daily highs, trading sub-1.3000 handle
GBP/USD is retracing mildly, now below the 1.3000 figure after the London close.  The level to beat for bulls is the 1.3025 resistance.  Brexit headlines remain the main drivers of the currency pair.      GBP/USD daily chart     The Pound, on the daily chart, is spiking above its main daily simple moving averages…
17:00
October 21, 2019
EUR/GBP technical analysis: Euro under heavy pressure at five-month lows below the 0.8600 handle
EUR/GBP is under bearish pressure trading at levels not seen since May 2019.  The level to beat for bears is the 0.8575 support.    EUR/GBP daily chart     EUR/GBP, on the daily chart, is trading in a bear trend below its main daily simple moving averages (DSMAs). In the last week, the optimism of…
17:00
October 21, 2019
US President Trump hopes to sign China deal at chile APEC summit
 US President Trump said that a trade deal with China is coming along great. Trump says he hopes to sign a China deal at the Chile APEC summit. Trump says that China is purchasing agri-products. China sent statement saying they expect a deal. Meanwhile, USTR Lighthizer said that the US target is to have Phase One Trade…