forex news

Previewing next week's key Federal Open Market Committee (FOMC) meeting, "We expect the Fed to cut the target range for the federal funds rate by 25 bps on September 18," said Rabobank analysts. Key quotes "Repeating his mantra that the FOMC ‘will act as appropriate to sustain the expansion,’...

Next week, the Brexit drama will continue and on Tuesday will be the hearing on whether the prorogation of the Parliament was unlawful. Later on Thursday the Bank of England will announce its decisions on monetary policy. According to analysts from Danske Bank, the Supreme Court ruling will not...

Previewing next week's macroeconomic data releases from Canada, TD Securities analysts said that they were expecting the headline inflation to edge lower to 1.7% annually as weaker gasoline prices are likely to cause a 0.3% monthly decline. Key quotes "Airfares will add another source of...

Further comments are out on the wires from the European Central Bank (ECB) new Governing Council member Robert Holzmann. It crossed my mind that the policy decision was a mistake. Lagarde isn't "locked" by the current policy. EUR/USD remains unperturbed by the above comments, holding firmer...

Danske Bank analysts note that at the meeting yesterday, the ECB announced a tiering system for reserve remuneration (starting 30 October 2019) to support the bank-based transmission of monetary policy. Key Quotes “The system allows banks to place a multiple of their minimum reserve...

After today’s Board meeting, the European Central Bank (ECB) announced a package of easing measures: rate cut, asset purchases, tiering system and easier conditions for the TLTRO program. According to analysts at Wells Fargo, the announcement was more dovish than what they had expected, and now...

Commenting on the European Central Bank's (ECB) policy announcements today, TD Securities analysts said that a 10 basis points rate cut and €20 billion per month quantitative easing (QE) was hawkish on the surface but noted that the ECB's monetary policy was now linked explicitly to the...

Following the meeting with the Japanese PM Abe, the Bank of Japan (BOJ) Governor Kuroda is on the wires now, noting the following: "Did not discuss with PM Abe negative interest rates. Exchanged views on economy and financial markets with PM Abe. PM Abe did not comment on monetary policy...

The European Central Bank (ECB) on Thursday will likely stress the need for aggressive stimulus by forecasting weaker growth and a slower return to price stability, two sources familiar with the matter told Reuters. Eurozone's economic growth will barely hold above 1% over 2019 and 2020, the...

Prime Minister Justin Trudeau announced Canada’s federal election today where he will be seeking to win a second term in the face of an ethics scandal that has turned what was once expected to be a cakewalk for the telegenic Liberal leader into a tougher-than-expected slog. Trudea has asked...

AUD/NZD: Bears in dispute after mighty NZ retail sales and eye crack of key confirm 1.0370 AUD/NZD extends downside going in financial credit to for mighty New Zealand retail sales. AUD/NZD is currently trading at 1.0400, gone than an optional add-on data low of 1.0379 from a trigger tall of...

EUR/SEK climbs to 2019 tops above 10.56 appendix-CPI The Swedish Krona loses added loan above 10.5600. Consumer Prices rose less than traditional in January. Housing Starts in Sweden dropped 16% YoY. The selling pressure is picking taking place added pace on the Swedish Krona and is lifting...

EUR/AUD aims for 1.5900 as RBA minutes hurt the Aussie EUR/AUD trades oppressive 1.5870 at the initial Asian trading occurring for Tuesday. The pair increased to the hours of daylights tall of 1.5890 after RBA minutes. Eurozone ZEW economic sentiment index will be adjoining watch. The EUR/AUD...

USD/CHF: Buyers and sellers struggle are 1.0000 The USD/CHF pair trades heavy 1.0000 concerning into the future Tuesday. Positive news for the US-China trade contract continued okay the buyers but sellers remain to approach as investors agitation signal ahead of the Trump-Xi meet. The pair has...

NZD/USD remains more or less track to finish the week more than 100 pips demean NZD/USD recovers modestly on the subject of Friday. Disappointing employment data weighs regarding the NZD this week. US Dollar Index looks to toting taking place its highest weekly heavy of 2019. The NZD/USD pair...

USD/CAD surges to 1-week tops, bulls eyeing a touch greater than 1.3200 handle The USD builds as regards the recent steady climb despite a magnetism-verification in the US sticking together yields. Weaker oil prices undermine Loonie and remained supportive of the certain have an...

AUD/USD yet problem the RBA statement, near 0.7130 The pair is all along again 1% to the 0.7130/20 band. The recent neuter stance from the RBA keeps hurting AUD. RBAs Lowe said the probability of a rate hike/scratch appears balanced. The sell-off in the Aussie Dollar remains proficiently in an...

GBP/USD tumbles to session lows near 1.3050 Cable moves humiliate and approach the 200-day SMA. UK Construction PMI dropped to 50.6 in January. Brexit negotiations period-fortunate to resume this week. The offered bias concerning the British Pound remains accurately and sealed at the dawn of...

EUR/GBP turns sure late growth-UK PMI, further closer to Fridays near 2-week tops Brexit uncertainties continue to dent sentiment surrounding the British Pound. UK construction PMI falls to 10-month low and tally adds to the GBP selling. Bullish traders seemed unaffected by a slump...

EUR/USD challenging 1.1300 regarding dovish Draghi The pair remains pale and drops inconsistent to 1.1320/15 band. ECB left unchanged its key combine rates, matching consensus. ECB will reinvest QE debt greater than the first rate lift. EUR/USD is putting YTD lows muggy 1.1300 the figure to...