Forex News

Risk-off sentiment, firmer US dollar sends Cable lower. May’s Plan B could keep the corrective slide cushioned. Markets await UK jobs and wages data for the next...

The US-German (DE) two-year yield spread is rising in the EUR-negative manner. Markets are likely expecting a dovish bias. The International Monetary Fund (IMF) on Monday...

Trapped in a falling channel, the AUD/USD pair is currently trading at the session low of 0.7143 amid risk aversion in the equity markets. 4-hour chart

This in summary from ANZ's latest piece on Brexit - PM May's statement to Parliament on Brexit plan B looked much the same as Plan A - Parliament to vote on it on 29...

The Australian Dollar may be at risk as the default rate on Chinese corporate bonds skyrockets amid a slowdown in local and international economic growth.

The USD/CNH pair (offshore yuan exchange rate) has created a narrowing price range or a contracting triangle on the hourly chart. Hourly chart

USD/JPY losing ground - there is some work to do ahead of 50 but sell stops are clustered under that level mtc more to come ForexLive

Gold is under pressure in Asia, having witnessed range breakdown on Jan. 18. The International Monetary Fund (IMF) trimmed global growth forecasts on Monday. Sino-US trade talks...

A spirited Australian Dollar recovery against the currency’s US namesake has faltered above the 0.72 figure. Sellers now look for confirmation of a larger reversal.

The AUD/JPY cross is trading in a sideways manner for the second day, having charted a doji candle on Friday, which represents indecision in the marketplace. Daily chart

The People's Bank of China set the yuan reference rate at 6.7854 vs the previous day's fix of 6.7774.

USD/JPY is currently consolidated at the 50% Fibo retracement of the Oct decline to YTD low at 109.75ish, depending on where your broker marks the flash crash low. USD/JPY is...

May’s Plan B keep the GBP underpinned, as risk bites amid global growth concerns. Looks bullish on hourly set up, a test of 142.00 likely on upbeat UK wages. The bears...

Global growth fears spark up risk-off trade, playing into the bear's hands. With US markets closed on Monday, AUD/USD edged down around -0.2% over the day, reflecting slightly...

Based on last week’s price action and the close at .6744, the direction of the NZD/USD this week is likely to be determined by trader reaction to the 50% level at .6781.

Digesting Trump’s comments on China GDP while global growth concerns continue to weigh. Bulls await the sentiment on the Tokyo open for the next push higher. The AUD/USD...

NZD/USD has been giving off bearish smoke signals with a pop lower overnight to score a fresh swing low of 0.6713 within the negative flow. NZD/USD edged down around -0.2% over...

Reuters reports the latest update on the Brexit issue, citing that the UK opposition party, the Labor Party, proposes the option of a second Brexit referendum. Nothing further is...

The USD/JPY pair stays in a very tight range on Monday. Thin trading conditions on MLK Day keeps trading action subdued. BoJ to announce monetary policy decisions on...

USD/CHF daily chart USD/CHF is trading in a sideways trend below the 50-day simple moving average (SMA).

Based on last week’s close at 109.774, the direction of the USD/JPY this week is likely to be determined by trader reaction to the main 50% level at 109.695.

US dollar corrects further versus the Mexican peso, rises to the highest since January 14. USD/MXN upside capped by the resistance area at 19.20. The Mexican peso lost ground...

Bundesbank expects modest economic growth in Germany in Q4. Both the BoJ and the ECB are scheduled to announce policy decisions this week. The EUR/JPY pair is moving sideways on...

Peter Chia, Senior FX Strategist at UOB, point out that the USD/CNY pair is offering signs of stabilization after the sharp selloff seen in early January. They see the pair moving...

AUD/USD daily chart AUD/USD is in a bear trend below the 200 SMA. As discussed, the Aussie had a mild decline to the 0.7150 level.

Based on the earlier price action, the direction of the EUR/USD into the close is likely to be determined by trader reaction to the uptrending Gann angle at 1.1369.

Greenback stays quiet on MLK Day. WTI looks to settle below $54. Coming up: Manufacturing sales and wholesale sales data from Canada. After touching a daily high of 1.3320 in the...

The AUD/NZD pair kept rising last week from multi-year intraday lows and today reached at 1.0670, the highest in early December. The short—term outlook continues to point...

EUR/USD daily chart EUR/USD is trading in a bear trend below its major simple moving averages (SMA) as bears broke below the 1.1400 figure.

Above 100 and 200 hour MAs The USDCAD moved higher today but once the highs from Jan 8 and Jan 17 were approached, the buyers dried up. Risk could be defined and limited against...

US Dollar Index continues to move sideways above 96. The U.S. markets are closed due to MLK Day. BoJ is scheduled to publish its monetary policy statement on Wednesday. The...

GBP/USD daily chart GBP/USD is in a bear trend below its 200-day simple moving averages (SMA).