Foreign Exchange

The Latest Forex Market News Courtesy of DailyFx.

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Forex Market News

“One man’s trash is another man’s treasure.” In a similar vein, the US Dollar’s woes due to the escalating US-China trade war leave the Euro in a place to benefit.
Posted: August 24, 2019, 10:00 pm
Gold prices may be given a tailwind if US GDP data underwhelms and bolsters the case for accommodative policy measures, increasing the appeal of holding non-interest-bearing assets.
Posted: August 24, 2019, 4:00 pm
The final week of August promises several significant economic data releases that are likely to stir even more volatility in FX markets.
Posted: August 24, 2019, 3:00 pm
The June Canada GDP report is due out on Friday, August 30 at 12:30 GMT, but the data aren’t likely to trigger a significant shift in BOC rate odds.
Posted: August 24, 2019, 2:00 pm
Now that China has acknowledged that it is using the USDCNH exchange rate to offset the Trump tariffs, the US Treasury has officially labeled China a currency manipulator.
Posted: August 24, 2019, 12:00 pm
The economic docket for the final week of August may produce headwinds for the Dollar as data prints coming out of the US are anticipated to show a slowing economy.
Posted: August 24, 2019, 10:00 am
Crude oil is slumping into the close and next week may well see the move extend after China ramped-up their trade war with the US by imposing a fresh round of trade tariffs.
Posted: August 24, 2019, 4:00 am
Things don’t look great for the Australian Dollar either fundamentally or technically. Given the lack of domestic news points this week, it will probably take a global risk appetite revival to lift it.
Posted: August 23, 2019, 10:00 pm
The August Eurozone inflation report (consumer price index) is due out on Friday, August 30 at 09:00 GMT, and the data will further underscore the ECB’s rationale to cut interest rates in September.
Posted: August 23, 2019, 9:40 pm
The July US advanced goods trade balance is due on Thursday, August 29 at 12:30 GMT and the data will only likely enflame the US-China trade war.
Posted: August 23, 2019, 8:35 pm
The revised Q2’19 US GDP report is due on Thursday, August 29 at 12:30 GMT and the data should soothe concerns about an immediate slowdown in the US economy.
Posted: August 23, 2019, 7:50 pm
The July US durable goods orders report is due on Monday, August 26 at 12:30 GMT.
Posted: August 23, 2019, 7:15 pm
It's been a busy day for the US Dollar with a couple of key drivers coming out of the blue.
Posted: August 23, 2019, 5:05 pm
Gold prices are once again eyeing a critical resistance zone as China announces retaliatory tariffs. Here are the levels that matter on the XAU/USD charts.
Posted: August 23, 2019, 3:30 pm
Now that the crude oil symmetrical triangle is seeing prices break lower, pressure is building for a topside break in USDCAD.
Posted: August 23, 2019, 1:50 pm
The Euro may fall vs the US Dollar if Fed Chairman Jerome Powell’s comments spark risk aversion and boost demand for liquidity.
Posted: August 23, 2019, 6:30 am
Crude oil prices may fall as Fed Chair Jerome Powell pours cold water on interest rate cut speculation in a speech at the economic symposium in Jackson Hole.
Posted: August 23, 2019, 5:00 am
Recent developments in the Relative Strength Index (RSI) foreshadowing a larger correction in GBPUSD as the oscillator snaps the bearish trend from earlier this year.
Posted: August 23, 2019, 12:30 am
The British Pound rose on the latest Brexit news, but it still has a way to go before clearing resistance. Meanwhile, Wall Street wobbles as US manufacturing contracts for the first time since 2009.
Posted: August 22, 2019, 11:30 pm
Gold and silver prices have climbed considerably in 2019 as ETF ownership of the two metals surges to multi-year highs. ETF data suggests demand remains robust which could assist price gains.
Posted: August 22, 2019, 8:00 pm
All eyes are on Fed Chair Jerome Powell’s speech at 10 EDT/14 GMT on Friday, August 23.
Posted: August 22, 2019, 7:30 pm
With over a third of global seaborne crude oil and a fifth of oil traded worldwide flowing through the Strait of Hormuz, this narrow nautical channel may be the world’s most important chokepoint.
Posted: August 22, 2019, 6:00 pm
US Dollar price action and FOMC member commentary is front and center with the kickoff of the Federal Reserve of Kansas City's annual Jackson Hole Economic Symposium today.
Posted: August 22, 2019, 5:42 pm
Sterling is outperforming the Majors vs US Dollar this week with the Pound recovery now probing initial targets. These are the levels that matter on the GBP/USD charts.
Posted: August 22, 2019, 3:30 pm
There is in excess of USD 16 trillion of negative yielding government debt (bonds) trading in the market at the moment. Every day investors hold these bonds, they lose money.
Posted: August 22, 2019, 3:00 pm