Forex News

Euro Trade Wary ahead of ECB – 22 January 2020

Euro Trade Wary ahead of ECB - 22 January 2020

/
Investors' expectations that the European Central Bank is poised to express a more cautious turn has kept the Euro under pressure. The policymakers are due to meet tomorrow and are likely to signal that it intends to maintain a dovish tone, despite relatively upbeat data recently. Analysts point out that while recent surveys show some…
Oil Prices Fall as Fears About Supply Disruption Fade – 22 January 2020

Oil Prices Fall as Fears About Supply Disruption Fade - 22 January 2020

/
During the weekend, loyal groups to General Khalifa Haftar managed to disrupt the Lybian oil production, as they blocked the oil ports in eastern Libya and the Sharara fields in southern Libya as well as disrupting the transportation of crude from the fields to the export terminal. On Sunday, more than half of the Lybian…
Trump Ruffles Feathers- And Gathers Support in Davos – 22 January 2020

Trump Ruffles Feathers- And Gathers Support in Davos - 22 January 2020

/
Only hours before his impeachment trial was set to begin, U.S. President Donald Trump addressed an eager crowd at the 50th annual World Economic Forum in Davos, Switzerland. Trump used his podium to promote his “America First” agenda and to call on other world leaders to implement their own nation-centric economic and political agendas. “America’s…
Coronavirus Sends Jitters Through Global Markets

Coronavirus Sends Jitters Through Global Markets

/
Illness is unpleasant, and often dangerous, and it can cause people, medical professionals, and the World Health Organization to be concerned, for a variety of reasons. But when illness threatens the global stock markets, the world takes notice – and that’s exactly what happened in the Asian markets on Tuesday, when reports of the spreading…
Pound Lifted After Labor Data

Pound Lifted After Labor Data

/
Before the release of UK labor data, the Pound Sterling had remained steady. After the Office of National Statistics released the information, though largely mixed, FX markets were satisfied with the outcome and pushed the Pound higher. The ONS reported that the ILO unemployment rate remained flat at 3.8%, as expected, while the claimant count…
Pound Lifted After Labor Data

Chinese city Wuhan suspends outbound flights and rail services

/
Report from China's CCTV There are 11 million people in Wuhan and it's where the coronavirus originated. The city has also suspended public transportation and long-haul bus links.
Pound Lifted After Labor Data

Boris Johnson's Brexit deal passes through UK parliament

/
Law goes to the Queen for royal assent There's no surprise here. It's been a long time coming. The pound has had a nice bounce from support this week but this deal was priced in on election night.
Pound Lifted After Labor Data

USD/CAD jumps almost a full cent after Bank of Canada stresses weaker growth

/
USD/CAD climbs to highest since Christmas day USD/CAD broke out to the upside after a surprise shift from the Bank of Canada. The pair broke above the January high to the highest levels since Christmas day, rising to 1.3134 from 1.3050 prior to the decision.
Pound Lifted After Labor Data

Canadian Dollar in the spotlight on Wednesday

/
What's moving markets on Wednesday The market is feeling better on Wednesday, after Chinese officials calmed worry associated with an outbreak of the coronavirus. US equity futures have since extended the run of record gains, while currencies are mostly chopping around. The Canadian dollar is in the spotlight on Wednesday, with inflation data and the…
Pound Lifted After Labor Data

US existing home sales for December 5.54M vs 5.43M estimate

/
US existing home sales for December 2019 - 5.35 million no revision from previous month - Existing home sales 5.54M vs 5.43M estimate - Rises 3.6% versus 1.5% estimate The existing home sales account for the vast majority of sales (around 90%). Supply remains a major concern as it fell sharply to 3.0 months vs 3.7 months last month.. …