Forex News

12:45
December 2, 2020
Gold Price Analysis: XAU/USD eyes $1,842 as bulls gain control – Confluence Detector
Gold has been extending its gains, marching forward as hopes for fiscal stimulus have returned. A bipartisan group of Senators unveiled a $908 billion program – that could be the beginning according to both Democrats and Republicans. The precious metal is benefiting from the speculation of more funds flowing to markets.  How is XAU/USD positioned…
12:15
December 2, 2020
UK PM Johnson: Vaccine is by no means end of struggle against coronavirus
British Prime Minister Boris Johnson said on Wednesday that it's important that people do not get their hopes up too soon about the speed of the coronavirus vaccine rollout, as reported by Reuters. Additional takeaways "Vaccine is by no means the end of the struggle against the virus." "There are logistical challenges to get the…
12:15
December 2, 2020
US Treasury Sec. Mnuchin: Small businesses cannot wait two or three months for more aid
Update: S&P 500 futures have turned south on Wednesday amid doubts that outgoing President Donald Trump gives his nod to the deal as he would like to add curbs on tech companies to it. The safe-haven dollar is gaining ground. On the other hand, markets are cheering the UK's covid vaccine approval –a first in…
12:15
December 2, 2020
BioNTech: Started the process of delivering coronavirus vaccine
BioNTech's Chief Medical Officer announced on Wednesday that they have started the process of delivering the coronavirus vaccine that they have developed with Pfizer, per Reuters. Additional takeaways "We expect the roll-out of the vaccine in the UK in the next couple of days." "We have filed for conditional marketing authorisation with the European Medicines…
12:15
December 2, 2020
Gold could have charted a strong support at $1,760/65 – Commerzbank
The recent price action in the precious metal hints at the idea that a strong contention area could have emerged around $1,760 per ounce, suggested Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank. Key Quotes “Gold has sold off to, tested and reversed from the 1760/1765.61 May high and 50% retracement. We view…
12:00
December 2, 2020
USD/CAD rebounds to mid-1.2900s as WTI turns red near $44
USD/CAD reversed its direction after renewing two-year lows.  WTI pared early gains and turned red below $44.50 ahead of EIA data. US Dollar Index posts small gains following Tuesday's sharp decline. The USD/CAD pair lost 70 pips on Tuesday and extended its slide during the Asian trading hours on Wednesday to touch its lowest level…
12:00
December 2, 2020
EU’s Barnier is neither pessimistic nor optimistic on prospects of a deal – Reuters
The European Union's chief Brexit negotiator, Michel Barnier, was neither pessimistic nor optimistic on prospects of a deal with the UK while updating EU member states, Reuters reported on Wednesday, citing an EU diplomat. "Barnier implied that they were getting closer to a deal but not at a huge rate of knots," the diplomat further…