Archives: FX News

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The latest news that can have the most noticeable market impact

22:10
January 18, 2019
US Dollar Index Technical Analysis: DXY jumps above the 96.30 level
DXY daily chart The US Dollar Index (DXY) is trading in a bull trend above the 200-day simple moving average (SMA). DXY 4-hour chart DXY jumped above the 96.30 resistance as the bulls reclaimes the 50 and 100 SMAs. DXY 30-minute chart DXY is set to continue its upmove to 96.50 but it remains to
21:40
January 18, 2019
EUR/USD Technical Analysis: Euro challenges the 1.1350 level to the downside
EUR/USD daily chart EUR/USD is trading in a bear trend below its 200-day simple moving averages (SMA). As discussed, the break of 1.1380 support lead the market to the 1.1350 level.  EUR/USD 4-hour chart EUR/USD is trading below its main SMAs as the market created a doji bar in the last hours of trading. EUR/USD
21:40
January 18, 2019
S&P affirms Russia at ‘BBB-/A-3’, outlook stable – Reuters
S&P Ratings has recently announced that it affirmed Russia's rating at  'BBB-/A-3' and said the outlook was 'stable'. Key quotes (via Reuters) Likelihood of current U.S. government imposing sanctions on secondary market for Russian sovereign bonds remains uncertain. Russia's balance sheets, flexible exchange rate, prudent fiscal framework, should enable it to absorb shocks from possible new
21:40
January 18, 2019
Fitch affirms France at ‘AA’, outlook stable – Reuters
Fitch Ratings has recently announced that if kept France's rating unchanged at 'AA' and said that the outlook was 'stable'. Key quotes (via Reuters)  France to face new economic, political challenges, policy trade-offs after broad-based structural reform measures, substantial cyclical improvement in economy. France's prudent debt management strategy helps mitigate risks from high public debt.
21:30
January 18, 2019
Wall Street posts decisive gains as trade headlines boost sentiment
All 11 major S&P 500 sectors close the day in the positive territory. Crude oil recovery boosts energy shares. All three major indexes post weekly gains for the fourth straight week. After starting the day modestly higher, major equity indexes in the U.S. extended their rally to close the week on a positive note. Latest
21:20
January 18, 2019
EUR/USD: Euro appreciation delayed – CIBC
Analysts at CIBC, point out that the euro has made little ground lately given economic data disappointments, and consequently pushed back their rate hike expectations from the European Central Bank into the second half, delaying euro appreciation slightly. Key Quotes:  “Q3 GDP underlined the weakest quarterly performance in four years for the Eurozone, but several
21:10
January 18, 2019
Bank of Canada to extend the pause through the next meeting – RBC CM
Data released today in Canada, showed that the headline CPI inflation rose from 1.7% to 2.0% in December. Josh Nye, Senior Economist, at RBC Capital Markets point out that inflation sweet-spot gives the Canadian central bank time to be patient in raising interest rates.  Key Quotes:  “Canadian inflation unexpectedly rebounded to 2.0% in December. Expectations
20:30
January 18, 2019
USD/JPY keeps rising toward 110.00, ends week strongly higher
US dollar rises across the board on Friday, extends weekly gains versus yen.  Higher US yields and a rally in Wall Street support the upside in USD/JPY.  The USD/JPY rose on Friday for the fourth-day in-a-row, extending weekly gains to more than a hundred pips. During the American session peaked at 109.88, the highest level
19:50
January 18, 2019
White House: Second summit with N. Korea’s Kim will take place near the end of February
"President Donald Trump looks forward to a second summit with Chairman Kim, which will take place near the end of February. Location will be announced at a later date," the White House announced via its official Twitter account. 
19:50
January 18, 2019
Canada: Airfares take CPI back to target – TD Securities
"December CPI unexpected moved higher to 2.0% y/y (consensus: 1.7%), despite a notable drag from energy prices," point out TD Securities analysts. Key quotes "The upside surprise was due to one-off factors (especially air transportation) and exchange rate pass through, and is unlikely to persist into 2019. By contrast, the BoC's core inflation measures were