Forex News

1 hour ago

USD/MXN drops toward 19.10 as the Mexican peso rebounds

The USD/MXN pulled back on Wednesday, the day before the Bank of Mexico meeting. The pair yesterday hit the highest level in two weeks at 19.25 and to

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1 hour ago

WTI holds above the 200-D EMA, eyes to $60 handle

Oil prices rallied on Wednesday and Pending events, such as the G20 and OPEC, were put o the backburners momentarily. The Energy Information Administr

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1 hour ago

USD/CAD looks to close the day at multi-month lows near 1.31

After spending the majority of the day in a tight range above the 1.3150 mark, the USD/CAD pair came under heavy bearish pressure during the American

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1 hour ago

RBNZ: We remain comfortable with our August-cut view- BNZ

As expected, the Reserve Bank of New Zealand, left its key interest rate unchanged at 1.50%. According to the NAB FX Strategy Team, the central bank r

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1 hour ago

Fed's Daly: Headwinds, slowing growth could strengthen argument for rate cut

Additional comments from San Francisco Federal Reserve Bank President Mary Daly continue to cross the wires. "If a rate cut is necessary it could help

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1 hour ago

AUD/USD consolidates below the 0.70 handle

AUD/USD is currently trading at 0.6986, between a range of 0.6950 and0.6994, up +0.39 on the session in New York following a slide in the greenback, g

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2 hours ago

EUR/JPY rises further and tests resistance at 122.60

The EUR/JPY constantly rose during all Wednesday supported by a decline of the Japanese yen across the board. However, the latest leg higher was boost

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2 hours ago

EUR/USD technical analysis: Euro pops to daily highs near 1.1380 resistance

EUR/USD is trading above its main daily simple moving averages (DSMAs) suggesting that the bear trend is at risk. EUR/USD 4-hour chart The market is t

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2 hours ago

Fed's Daly: We have not seen 2% inflation, that is concerning

Federal Reserve's Daly has crossed the wires saying that acting early to prevent rates falling to 0% is more effective than trying to move off zero ra

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2 hours ago

NZD/USD meets resistance at July 2018 lows, eyes 0.67 handle

NZD/USD is currently trading at 0.6687, between a range of 0.6596 and 0.6692, stalling at daily highs while the dollar gives back ground in New York.

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3 hours ago

United States 5-Year Note Auction: 1.791% vs previous 2.065%

United States 5-Year Note Auction: 1.791% vs previous 2.065%

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3 hours ago

USD/CAD technical analysis: Greenback slips below last week low approaching the 1.3100 handle

USD/CAD is breaking below last week low while below the main daily simple moving averages (DSMAs). USD/CAD 4-hour chart USD/CAD is under pressure belo

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4 hours ago

USD/JPY sticks to gains near 107.70, looks to snap 7-day losing streak

Following the sharp upsurge witnessed during the European trading hours, the USD/JPY pair has gone into a consolidation phase and is now moving in a r

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4 hours ago

USD/JPY technical analysis: Greenback rebounds and hits 3-day high near 107.75

USD/JPY daily chart USD/JPY is in a bear trend below its main daily simple moving averages (DSMAs). The 50 DSMA crossed below the 100 DSMA which is s

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4 hours ago

EUR/USD rebounds and rises above 1.1380 as USD weakens

After holding around 1.1355/65 for hours the EUR/USD pair hit a daily low at 1.1345 and bounced to the upside, rising back above 1.1380. As of writing

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5 hours ago

Atlanta Fed's GDPNow for second quarter of 2019 ticks down to 1.9%

According to the latest GDPNow report published by the Federal Reserve Bank of Atlanta, the real GDP in the U.S. is expected to expand by 1.9%. "The G

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5 hours ago

NZD/USD climbs to fresh 2-month highs, targets 0.67

Following a quick drop to 0.6615 with the knee-jerk reaction to the Reserve Bank of New Zealand's (RBNZ) policy statement, the NZD/USD pair didn't hav

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5 hours ago

US Durable Goods Orders: Not as bad as it looks but the factory sector remains under pressure - Wells Fargo

Data released today showed a decline in Durable Goods Orders in May of 1.3%. Analysts at Wells Fargo point out the drop in durable goods orders is mos

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5 hours ago

GBP/USD technical analysis: Cable hovering near weekly lows sub-1.2700 figure

GBP/USD is trading in a bear trend below its main daily simple moving averages (DSMAs). The market is challenging the 1.2700 figure to the downside ne

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5 hours ago

EIA: Crude inventories decreased by 12.8 million barrels, WTI inches closer to $60

In its weekly petroleum report for the week ending June 21, the Energy Information Administration (EIA) announced that the commercial crude oil invent

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