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Forex News

Latest Currency News, Analysis and Forecasts

European Central Bank chief Mario Draghi played down concerns over softness in the euro zone economy on Thursday as the ECB kept policy on hold, bolstering expectations that it will halt bond purchases by year-end.Draghi argued that the 19-country currency bloc’s economy remained strong...
Eurozone stocks are driving higher as the dip in the euro has boosted equity benchmarks.EuropeThe euro has sold off after the latest update from the European Central Bank (ECB), and the slide has helped the DAX and CAC 40, while the FTSE 100 is being dragged higher by...
The EURJPY pair attempted to reach the 133.500 level this week but has dropped back to form a triangular pattern. This is forming inside a larger wedge pattern, marked out here with blue trend lines, and the recent high formed the third touch on the top...
There is a growing air of anticipation across financial markets ahead of the European Central Bank rate decision and press conference later in the day.Although the ECB is broadly expected to keep monetary policy unchanged in April, the main focus and potential action will...
Here are the latest developments in global markets:FOREX: The US dollar index inched lower on Thursday, but by less than 0.1%, giving back some of the gains it achieved yesterday on the back of surging US bond yields. The euro was relatively steady ahead of today’s...
G-10 and EM currencies yield to dollar demandThe recent rise in US yields is responsible for crystallising USD strength, and this appears to have been accentuated by comparatively strong data flow in the US. But next week’s  US Trade Roadshow to China, which includes...
While markets in Europe slipped back yesterday in the wake of rising concern about rising yields they still remain well off the lows of the week. US markets finally managed to find a bid after five days of losses, with the S&P500 finding support...
Here are the latest developments in global markets:FOREX: The US dollar index is 0.2% higher today, hovering just below its four-month high posted earlier in the week, as the continued rise in longer-term US bond yields has breathed some life back into the world’s reserve...
TD Research discusses the USD outlook and maintains a tactical bullish bias especially EUR and GBP."We suspect that a USD-induced rally is likely to run roughshod through the lower-yielding G10 currencies.This mostly reflects the likes of the EUR, GBP, CHF, though JPY is expected to...
The story behind the Dollar’s incredible appreciation in recent days continues to revolve around rising U.S bond yields and easing geopolitical risks.Market expectations of higher U.S interest rates have also played a leading role in the Greenback’s resurgence, with the DXY marching to levels...
USD/JPY continues to move upwards this week. In Tuesday’s North American session, USD/JPY is trading at 109.14, up 0.40% on the day. On the release front, Japanese inflation data met expectations. The Services Producer Price Index dropped from 0.6% to 0.5%, matching the estimate....
The USD has put on a compelling show overnight as the stars align on the back of higher US Yields and a considerable reduction in the US dollars geopolitical risk premium as an outwardly calmer mood surrounding trade and geopolitical risk takes hold.While its...
Here are the latest developments in global markets:FOREX: The US dollar traded 0.1% lower against a basket of six major currencies on Tuesday, giving back some of the notable gains it posted yesterday on the back of surging US bond yields. Despite today’s pullback, the dollar...
USD/JPY has posted strong gains in the Monday session. In North American trade, USD/JPY is trading at 108.57, up 0.86% on the day. On the release front, Japanese Flash Manufacturing PMI inched up to 53.3, just shy of the estimate of 53.4 points. Later...
Talking Points:The US Dollar has traded up to fresh seven-week highs this morning, extending gains that started to show last week. As we move into a week that brings rate decisions out of both the European Central Bank and the Bank of Japan, the...
EUR/USD: Neutral (since 05 Mar 18, 1.2335): Pressure shifts to the downside, expect further weakness to 1.2212.We highlighted last Friday that the near-term bias is “tilted to the downside but any weakness is viewed as part of a 1.2260/1.2400 sideway trading range instead of...
An easing of geopolitical tensions is once again boosting sentiment as the new week begins pointing European bourses in the direction of a mildly stronger open. Signs that Washington will reach an agreement with Beijing has put US-Sino trade war fears on the back...
Sterling slipped to a two-week low against the dollar on Monday as investors questioned whether the Bank of England would raise interest rates in May following weaker-than-expected economic data and cautious comments from governor Mark Carney.The pound has been one of the best performing...
Number 3 has been of crucial significance in 2018. Trump has been predicting that his policies would bring an increase in annual growth to over than 3% a year. The Federal Reserve is expected to raise interest rates 3 times in 2018. However, investors...
Talking Points:The French services PMI data came better than expected. Crude and Brent's uptrend is strong. European Central Bank’s meeting is due this week.OIL  President Trump brought a brand new surprise for investors when he unleashed the beast through his Twitter for energy traders....
Here are the latest developments in global markets:FOREX: The US dollar index traded higher on Monday, though by less than 0.1%, adding to the significant gains it posted on Friday on the back of rising US Treasury yields. The loonie plunged on Friday after Canada’s CPI data disappointed, while the...
The Canadian dollar is steady in the Monday session, after posting losing sessions for three straight days. Currently, USD/CAD is trading at 1.2796, up 0.23% on the day. The Canadian dollar remains under pressure and has dropped to a 2-week low. On the release...
Stocks Benefiting From Lack of Escalation on Global IssuesWe could be in for a relatively calm end to the week, which investors may welcome given how beneficial it has been over the course of the week.A slight down day on Thursday and marginal losses...
The Australian dollar continues to struggle on the global stage as markets have punished it for a weaker than expected employment report. With only 4.9k jobs created in the previous month, compared to the forecasted 20k. This is a drop when you compare it...
Here are the latest developments in global markets:FOREX: The US dollar index is practically unchanged on Friday, after it posted solid gains earlier on Thursday on the back of rising US Treasury yields. Sterling/dollar was 0.3% lower, with the British pound extending the losses it posted yesterday, after...
US  stock market had its first loss of the week as technology companies and consumer products went south.Overall earnings were quite bullish for markets, but there are the usual post earnings pessimism permeating  markets that this is about as good as its going to...
In the past month, the EUR/GBP pair fell from 0.8797 to a low of 0.8619. The pair’s fall was attributed to the expectations that the UK inflation would force the BOE to start an accelerated tightening process.However, on Wednesday, things changed after the Office...
Despite background noise that continues to reverberate with concerns about trade, markets in Europe look set to close higher for the fourth week in succession, despite a mixed session yesterday, helped at the start of the week by relief that last weekend’s cruise missile...
TD Research discusses GBP outlook and keeps flagging near-term downside risks, noticing that GBP continues to lag the broader G10, as the soggy CPI data and some negative Brexit headlines have inspired some position squaring."We think this squeeze has some room to go, which reflects...
The British pound has steadied in the Thursday session, after considerable losses on Wednesday. In North American trade, GBP/USD is trading at 1.4205, down 0.01% on the day. On the release front, British Retail Sales plunged 1.2%, worse than the estimate of -0.5%. US unemployment claims...