Forex News

16:15
September 23, 2020
Eurozone: Risks tilted to the downside for the 8% 3Q GDP growth forecast – Wells Fargo
Following a slump in the Eurozone economy during the first half of the year, activity data and confidence surveys during the late spring and over the summer showed a relatively quick initial rebound, point out analysts at Wells Fargo. They point out that while policy fundamentals still appear supportive for growth, a renewed increase in…
16:00
September 23, 2020
EUR/USD hits fresh eight week lows near 1.1660 on US dollar strength
US dollar strengthens further as Wall Street turns negative. EUR/USD extends slide, heads for lower close in two months. The EUR/USD is falling for the fourth consecutive day on Wednesday and recently dropped to 1.1662, the lowest level since July 27. It remains near the lows, under pressure as the US dollar strengthens and risk…
15:30
September 23, 2020
Coronavirus update UK: 6,178 new cases confirmed on Wednesday
There were 6,178 new confirmed coronavirus infections in the UK as of Wednesday morning, the UK government data showed, per Reuters. This reading marked the biggest daily jump since May and followed Tuesday's increase of 4,926. Further details of the daily report revealed that there were 37 coronavirus-related fatalities on Wednesday, matching Tuesday's print. Market reaction…
15:30
September 23, 2020
Fed’s Evans: Fed will pivot to greater accommodation when needed
The Federal Reserve is willing to overshoot on inflation and should be clear that a 2.5% inflation for some time is likely in the cards if it's doing its job right, Chicago Federal Reserve Bank President Charles Evans said on Wednesday, as reported by Reuters. Additional takeaways "It's probably a bit ambitious to think there…
15:15
September 23, 2020
AUD/USD slumps to fresh multi-week lows below 0.7100
AUD/USD selloff picked up steam in the American session. US Dollar Index extends rally beyond 94.00 on Wednesday. US PMI data showed private sectors economic activity continued to expand in September. The AUD/USD pair came under renewed selling pressure in the American session and slumped to its lowest level since early August at 0.7089. As…
15:00
September 23, 2020
Gold Price Analysis: XAU/USD extends slide to fresh monthly lows, ready to test $1,860
Greenback gains momentum across the board as Wall Street turned to the downside. XAU/USD about to test August lows near $1,860. Metal resumed their decline on Wednesday.  Gold broke under $1,870/oz and tumbled to $1,864, the lowest in six weeks and slightly above the August low at $1,862. XAU/USD remains under pressure, affected by a…
14:45
September 23, 2020
Banxico Preview: Greater than expected cut to hinder temporary the peso – TDS
Economists at TD Securities have changed the call for Banxico at the September meeting to a 25bp cut (previously 50bps), while leaving a 25bp cut at the following two meetings unchanged. A greater than expected cut may hinder the peso, but they expect any such effect to be temporary. USD/MXN has been falling constantly since…
14:45
September 23, 2020
US: EIA Crude Oil Stocks Change at -1.6 million in week ending September 18
Crude oil inventories in the US declined less than expected last week. WTI edged higher toward $40 after the EIA data. Crude Oil Stocks Change in the US was -1.6 million barrels in the week ending September 18th, the weekly report published by the US Energy Information Administration (EIA) revealed on Wednesday. Analysts estimate was for…
14:30
September 23, 2020
USD/JPY Price Analysis: Spikes to one-week tops, around 105.25 region
USD/JPY build on its momentum further beyond the key 105.00 psychological mark. Bullish oscillators on hourly charts support prospects for further appreciating move. A sustained move beyond the 105.20-30 area needed to confirm the bullish bias. The USD/JPY pair caught some fresh bids during the early North American session and jumped to one-week tops, around…