The Latest Forex Market News Courtesy of DailyFx.
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DailyFX - Market News
Sterling surged more than 5.4% off the yearly lows with the advance now targeting uptrend resistance. Here are the levels that matter on the GBP/USD charts this week.
Posted: October 15, 2019, 3:30 pm
The International Monetary Fund downgraded their global growth forecast as they predict a deeper global slowdown attributed to trade and geological factors
Posted: October 15, 2019, 3:05 pm
EU and UK negotiators are said to be closing in on a Brexit deal, sending GBP-crosses up over 1% on the day.
Posted: October 15, 2019, 3:04 pm
Politics continues to drive the Pound with option volatility spiking, while NZD underperforms ahead of the key CPI release.
Posted: October 15, 2019, 1:15 pm
The US Dollar has showed a pullback so far in Q4, but is testing a big zone of support around prior resistance.
Posted: October 15, 2019, 12:30 pm
Gold is forming a short-term symmetrical triangle off the recent $1,459/oz. low as support and resistance trendlines look to form an apex.
Posted: October 15, 2019, 11:00 am
Traders often turn to the oil market when looking for an asset to trade during a major political development, a change in the world economic outlook, a new trade dispute or armed conflict.
Posted: October 15, 2019, 9:30 am
GBPUSD trades at 1.2665, boosted in early turnover, boosted by talk that the EU still believe that a Brexit deal is possible this week. The latest UK jobs data for employment miss by a wide margin.
Posted: October 15, 2019, 8:54 am
Unlike the Pound, the recent gains in the Euro against the US Dollar have more or less been a grind higher as key resistance curbs any sharp appreciation in the pair.
Posted: October 15, 2019, 8:00 am
The Euro may fall if German ZEW data spooks markets, though its decline vs the British Pound may be less acute if BoE Governor Mark Carney’s premonitions about Brexit overwhelm GBP.
Posted: October 15, 2019, 7:00 am
EUR/USD appears to be making a run at the September-high (1.1110) as European Central Bank (ECB) officials push for fiscal support.
Posted: October 15, 2019, 6:00 am
Gold prices may struggle to find lasting support even as the IMF downgrades its economic outlook while earnings reports from key US banks warn of credit market stress.
Posted: October 15, 2019, 5:00 am
The US Dollar faces mixed price cues against the Singapore currency after the MAS eased policy and ahead of China 3Q GDP. Will USD/SGD extend its decline towards rising support from 2018?
Posted: October 15, 2019, 4:00 am
The Australian Dollar still seems to be biased lower against its US counterpart, with substantive losses hinted ahead despite near-term standstill in a choppy range.
Posted: October 15, 2019, 3:00 am
The US Dollar and Japanese Yen may rise at the expense of equities and commodity-linked currencies if updated global growth outlooks from the IMF and the World Bank sap market confidence.
Posted: October 15, 2019, 2:00 am
USD/CAD stands at risk of giving back the rebound from the previous month amid the failed attempt to test the September-high (1.3383).
Posted: October 15, 2019, 1:00 am
As the global economy continues to contract, the risk of geopolitical threats undermining financial and economic stability are rising, leaving the door open to violent volatility – and trading oppo...
Posted: October 15, 2019, 12:00 am
The AUD/USD downtrend holds as US-China trade deal optimism fades, boosting the anti-risk Japanese Yen. After aggressive gains, the British Pound hit an obstacle on Brexit news.
Posted: October 14, 2019, 11:00 pm
The US Dollar stands to get a jolt from the IMF's updated world economic outlook & GDP growth forecast as well as changes to Fed rate cut expectations following last week's trade talk progress.
Posted: October 14, 2019, 9:46 pm
The Australian Dollar has climbed substantially so far this month, but the Aussie could be at risk of reversing lower if recent US-China trade talk progress fails to materialize into a formal agree...
Posted: October 14, 2019, 8:00 pm