Forex News

• The pair built on this week's goodish bounce from 100-day EMA and continued gaining positive traction for the second consecutive session on the last trading day of...

GBP/USD daily chart GBP/USD is trading in a bull trend above its main simple moving averages (SMAs).

Looks toward the 110.00 level and 61.8% at 109.88 The weaker Markit PMI data is helping to push the USDJPY to new lows on the day. The pair is approaching the 110.00 level with a...

• The pair extended overnight retracement slide from three-week tops and remained under some selling pressure for the second consecutive session on Friday. •...

Somewhat predictable... Earlier the USDCHF moved higher after the weak Euro data. That rally moved right up to the 100 hour MA and the 100 day MA which were more or less converged...

Moving averages broken on the run lower today The PMI data out of the EU were much weaker than expexted and the EURUSD raced lower. Looking at the 1 minute chart below, the pair...

• Reviving safe-haven demand boosts JPY and prompts aggressive selling. • Bears further take cues from the ongoing slump in the US bond yields. The USD/JPY pair...

10-year US T-bond yield drops to lowest level since December 2017. US Dollar Index stays in green above 96.50. Wall Street looks to open in the negative territory. Despite the...

• Dismal Canadian retail sales largely offset hotter than expected headline CPI print. • A sharp pull-back in crude oil prices undermined Loonie and remained...

Iran Oil Export reports release in the morning had a significant impact on the USD/CAD pair. The pair gain strength ahead of CPI Core release today.  

Pound Japanese Yen (GBP/JPY) Exchange Rate Slumps as PM Granted Two-Week Article 50 Extension The Pound Japanese Yen (GBP/JPY) exchange rate slipped over the course of the morning...

Below the 50% retracement The USDJPY is printing fresh lows and trading at the lowest level since Feb 12th. The pair is below its 50% retracement of the move up from the end of...

Based on the early price action and the current price at 1.1298, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the...

Five week lows for USD/JPY It's all about the bond market today. US 10-year yields are down 6.4 basis points to 2.47%. That's important because the Fed funds rate is 2.25%-2.50%...

Pound Sterling to Euro Exchange Rate Losses Limited as Eurozone Manufacturing Shocks Markets Pound to Euro Exchange Rate Rebounds as No-Deal Brexit Fears Find a Little Relief For...

• A sudden pickup in the USD demand prompts some intraday weakness. • Brexit delay continues to lend some support and helped limit the downside. • The...

The pair drops and rebounds from the 1.1290 zone. German, EMU flash PMIs expected on the weak side in March. EU Summit and Brexit stays in centre stage. EUR/USD remains under...

The latest set of Euro-Zone PMIs make sober reading, suggesting Q1 growth of just 0.2% in the single-block. Meanwhile Sterling continues to get to grips with the latest Brexit...

WTI continues to pull away from 2019 highs. US Dollar Index clings to gains above 96.50. Coming up: Retail sales and inflation data from Canada. After spending the majority of...

Kwasi Kwarteng - a junior UK Brexit minister crossed the wires in the last hour, saying that it is intolerable for the UK to take part in the EU elections and that the UK...

Updates to Canada’s Consumer Price Index (CPI) may curb the recent advance in USD/CAD as the headline reading for inflation is expected to hold steady at 1.4%.

The Russian currency loses momentum near 64.30 vs. the buck. Spot rebounds from recent 2019 lows around 63.60. CBR left the key rate unchanged at 7.75%. The now softer tone in...

The Dollar bounced from confluent support, keeps broader pattern intact, Euro looking lower, USDCAD to resume higher, while gold has a technical structure that could bring sellers...

Sterling moves back off Thursday’s 10-day low after the EU said that Article 50 could be delayed until May 22 if the UK approves the current Withdrawal Agreement.

Based on the early price action, the direction of the AUD/USD is likely to be determined by trader reaction to a downtrending Gann angle at .7102 and the 50% level at .7105.

• Dismal German/Euro-zone manufacturing PMIs prompts some aggressive selling in the last hour. • Deteriorating risk sentiment underpins JPY’s safe-haven...

Reactions coming in response to the slump in German manufacturing data They note that . Adding that in terms of EUR/USD forecasts. "the weaker-than-expected PMIs have...

Increased odds of no-deal Brexit, USD rebound knocks-off GBP/USD. All eyes remain on Brexit headlines, US macro data and EU Summit. The GBP/USD pair stalled its steady recovery...

• German manufacturing PMI falls to the weakest level in six years and prompts some aggressive selling. • Composite Euro-zone manufacturing PMI drops to 71-month...

Brexit headlines gain control of price action and helped British Pound hold steady above 1.3100 handle.

The Euro took a sharp turn lower early Friday morning after the latest set of Euro-Zone PMIs highlighted the ongoing weakness in the single-block.

EUR/USD remains on the defensive today, putting the 1.1300 support under further pressure on the back of miserable prints from PMIs in core Euroland. The probable test of YTD lows...