Archives: FX News

Today's FXStreet Newswire

The latest news that can have the most noticeable market impact

14:00
May 22, 2019
Wall Street struggles to build on Tuesday’s gains, opens in the red
Major equity indexes in the U.S. started the day in the negative territory on Wednesday as investors seem to be opting out to stay on the sidelines while waiting for the FOMC to publish the minutes of the May meeting later in the session. As of writing, the Dow Jones Industrial Average was down 0.32%
13:50
May 22, 2019
GBP/JPY technical analysis: Pound challenging critical support at 4-month low against Yen sub-140.00 mark
GBP/JPY daily chart GBP/JPY is trading in a bear trend below its main simple moving averages (SMAs). GBP/JPY 4-hour chart GBP/JPY erased the Brexit-related news seen on Tuesday. GBP/JPY 30-minute chart GBP/JPY is trading below its main SMAs suggesting bearish momentum. A break below 139.60 support can lead to 139.00 and 138.50 level to the
13:50
May 22, 2019
EUR/GBP technical analysis: Holds comfortably above 200-DMA/50% Fibo. confluence region, all set to climb further
   •  The EUR/GBP cross built on its strong bullish momentum witnessed over the past few weeks and rallied to over three-month tops on Wednesday, levels beyond the 0.8800 handle.    •  After the overnight turnaround from multi-day lows, a sustained move beyond 200-day SMA was seen as a key trigger for bullish traders and
13:50
May 22, 2019
Oil: Prices under pressure – TDS
Analysts at TD Securities note that despite repeated warnings that Libya could be on the verge of a civil war, with military escalations now approaching oil fields and oil prices are under pressure as escalating trade woes keep discretionary capital flowing out of the commodities complex. Key Quotes “Geopolitical risks to the global supply remain
13:40
May 22, 2019
WTI drops to multi-day lows around $62.00
WTI loses the shine and recedes to the $62.00 mark. EIA weekly report on US supplies coming up next. FOMC minutes seen driving the sentiment later in the day. Prices of the barrel of the American benchmark for the sweet light crude oil are trading on the defensive today, briefly dropping to fresh lows in
13:30
May 22, 2019
INR: Guided by the politics – Nordea Markets
According to Amy Yuan Zhuang, analyst at Nordea Markets, Narendra Modi has likely secured five more years in power despite the mixed economic scorecard from his first term and believes that the INR faces limited upside in the coming year, but we argue that it remains attractive over the long term. Key Quotes “The world's
13:30
May 22, 2019
Mexico Retail Sales (YoY) fell from previous 1.8% to 1.6% in March
13:30
May 22, 2019
Mexico Retail Sales (MoM): -0.2% (March) vs previous 1.2%
13:30
May 22, 2019
US Treasury Sec. Mnuchin: Exemptions possible on latest round of China tariffs
Additional comments on the U.S.-China trade dispute from the U.S. Treasury Secretary Steven Mnuchin continue to cross the wires with key quotes, via Reuters, found below. Exemptions possible on latest round of China tariffs. Does not expect there will be a significant cost increase for American families due to tariffs on China.
13:20
May 22, 2019
GBP/USD: Cabinet coup against May underway – Evening Standard
The London-based Evening Standard reports that ministers are plotting to move against UK PM Theresa May. According to the report, ministers, including four cabinet members, plan to send a delegation to the embattled leader and call her to step down. Many members of May's Conservative Party have not been satisfied by the new Brexit deal