Forex News
RBA expected to cut rates in June, where to sell.
With recent employment data , and inflation still staying low, it was no surprise that the RBA is moving more explicitly to a rate...
(Bloomberg) -- Are South Korean authorities drawing a line in the sand for the won?
As the currency dropped around 2% this month toward 1,200 against the dollar, the Ministry of...
By Shinichi Saoshiro TOKYO (Reuters) - The dollar was steady near a 2-1/2-week high on Tuesday, supported by higher U.S.-yields and its safe-haven status, with growing worries...
The Australian dollar slipped against its U.S. counterpart on Tuesday in Asia after the Reserve Bank of Australia hinted that it would consider a case for a rate...
The U.S. dollar was little changed on Wednesday in Asia while the British pound edged up after U.K. Prime Minister Theresa May presented a “new” Brexit...
Forex news for Asia trading Tuesday 21 May 2019
There was little net movement for currencies during the Asian timezone despite some hefty data releases and various US-China trade...
(Bloomberg) -- Dollar loans to Chinese borrowers have cratered this year, thanks to both a decline in demand and increased wariness among lenders amid escalating U.S.-China...
By Daniel Leussink TOKYO (Reuters) - The dollar hovered near a four-week high on Wednesday, supported by higher U.S. yields after the United States eased trade restrictions on...
(Bloomberg) -- Short Australia’s risk-sensitive currency against the haven yen. That is emerging as one popular currency trade as investors look to profit from the U.S.-China...
European elections are being held Thursday, result expected by Sunday.
ING comment on what to expect:
- EUR/USD upside will be limited
ING nominate the 1.1180/1200 area (ps. this...
The Canadian dollar rose 0.16 percent after a long weekend. The loonie benefited from rising risk appetite and given that the US reached an agreement with Canada and Mexico to...
Analyst says that …
1.10 is not far away
but …
psychologically it would represent a fairly significant move
Shorts have been building since the start of the year...
Forex news for your trading on May 21, 2019
In other markets, the snapshot of levels are showing:
- spot gold, $-3.26 or -0.26% $1274.59
- WTI crude oil futures settle at $62.99...
A segment from an overnight note by Société Générale, this on euro
In summary.
6-12 month horizon:
Given positions and valuation, it's easier to see EUR/USD at...
Retail sales for 1Q estime 0.6% vs 1.7% in 4Q
In the new trading day, the NZ retail sales report for the 1Q will be released. The estimate is for a 0.6% gain. That comes after a...
50% retracement at 110.701. Topside trend line at 110.736.
Helping is rising stocks.
The Nasdaq is trading up 100 points or 1.30%.
The S&Pis up 28 points or 0.99%
Back lower on the day
The EURUSD rose in sympathy with the GBPUSD and like that pair, the price made some bullish overtures, but when the dust settled, the pair stalled ahead of...
USD/JPY was flat at the start of the week, but has posted considerable gains on Tuesday. In the North American session, the pair is trading at 110.58, up 0.47% on the day. There...
Back below the 100 hour MA and the high from yesterday
The dust from the barrage of headlines from PM Mays new Brexit deal overtures.
There is no new referendum vote per se,...
Pound Sterling Euro (GBP/EUR) Exchange Rate Rallies on Hopes of Cabinet Brexit Breakthrough
Weakening Industrial Orders Fail to Weigh Down Pound Sterling Euro (GBP/EUR) Exchange...
AUD/USD has posted losses on Tuesday, after starting the week with gains. Currently, the pair is trading at 0.6881, down 0.38% on the day. On the release front, the RBA released...
The U.S. dollar rose Tuesday, hitting a three-week high as investor tension eased after the U.S. removed some restrictions on Chinese tech giant Huawei.
The U.S....
Pound Sterling New Zealand Dollar (GBP/NZD) Exchange Rate Shakes Off Industrial Trends Disappointment Another negative reading from the CBI industrial trends orders index was not...
New session lows as the market prepares
The AUDUSD fell below the 100 hour MA after the news and raced lower (see blue line in the chart above).
After a consolidation range over...
The Turkish lira on Tuesday was retreating against the U.S. dollar as the government told local banks to slow process currency purchases, a fresh attempt to tamp down speculative...
Advancing ahead of the US stock opening
The USDJPY has moved above its 100 day MA at the 110.489 level. The USDJPY fell below the key MA back on May 7th (at 110.63) and spent the...
USD/JPY moves to a session high of 110.31 currently
ForexLive
Markets are in a calmer mood so far today but all the focus will turn towards Wall Street later to see what...
After a flat start to the week, GBP/USD has edged lower on Tuesday. Currently, the pair is trading at 1.2694, down 0.23% on the day. On the release front, Mark Carney’s...
Euro US Dollar (EUR/USD) Exchange Rate Muted as OECD Slashes Global Growth Forecasts The Euro US Dollar (EUR/USD) exchange rate remained muted and the pairing is currently trading...
EUR/USD has posted slight losses on Tuesday. Currently, the pair is trading at 1.1148, down 0.16% on the day. On the release front, there are no major events for a second...