Forex News, Page 3

It’s a quiet day on the economic calendar, which will leave the Pound in the spotlight. Brexit woes continue to trouble the Pound, which is on the slide this morning…

The Kiwi and the Aussie find support off the back of better than expected numbers out of China. Trade war chatter may be a factor later in the day.

The Dollar sees red in the early hours as the markets await China’s trade figures. Trump’s Twitter account may ultimately be the key driver on the day…

While Powell follows Trump’s lead and takes a more dovish stance, U.S inflation figures could shift sentiment once more,… ECB minutes are also due out.

Stats out of the UK could hit the Pound, the BoC is due to deliver its policy decision with FED Chair Powell is due to give testimony to Congress.

In my opinion, EUR/USD investors have already moved on from the Fed cut worries and are focusing on the ECB meeting on July 25. To me, it doesn’t matter what the Fed does because traders will be pricing in a potential ECB rate cut in September and the possibility of

With stats on the lighter side, the Pound will be in action as the leadership race enters its final week. FED Chair Powell could also influence later today.

It could be a choppy day ahead for the majors, with economic data out of Germany and geopolitics in focus on the day.

In my opinion, after the jobs data is released on Friday and traders make their position adjustments, the uncertainty over the Fed’s July 31 monetary and interest rate decisions will be lifted and the uncertainty will shift to the European Central Bank. This should lead to further pressure on the

A surge in household spending had little influence early on as the markets look ahead to U.S nonfarm payroll numbers that could affirm a July rate cut.

The Swiss Franc pair appeared to remain stuck between the 200-day SMA, 50% Fibonacci level, and 50-day SMA throughout the day. As the day approached closing, the Aussie pair bulls seem pleased as they have broken the robust 0.7038 resistance level.

The Greenback was on the backfoot in the early part of the day as the markets reacted to weak numbers out of the U.S. It’s a quiet day ahead on calendar…

Despite appealing AUD-specific data, the Aussie pair hesitated to make a move following downbeat Chinese June Caixin Services PMI data release. The Cable slipped, reaching a two-week bottom, after the release of weaker June UK Markit Services PMI.

It’s risk off early on as the markets now look to economic data for direction near-term. Trade negotiations are likely to drag on…

A major decline of 0.34% in the GBP/USD pair’s movements came following BoE’s Carney’s dovish medium-term economic outlook. The Kiwi pair was taking rounds near the last closing throughout the day.

Trump talks of tariffs on EU goods in response to the continued Airbus – Boeing battle. It’s been a long time coming…

AUD/USD pair lost hold of its sustained uptrend as market hope for an interest rate cut tomorrow. The German June Unemployment and Manufacturing PMI data release disappointed the Fiber traders.

The Greenback is on the move. Weak stats out of China failed to hit risk appetite as the markets respond to news of a resumption of trade talks.

The breakdown of the components of the index shows the Euro lost 0.01% against the U.S. Dollar. The British Pound lost 0.39%. The Japanese Yen lost 0.58% versus the greenback. The Swiss Franc was unchanged. The biggest winner was the Canadian Dollar. It gained 0.98% against the U.S. Dollar.

As the G20 gets underway, the majors take the safer path. There’s a lot riding on Trump and Xi finding common ground on trade…