Forex News

23:30
November 24, 2020
AUD/JPY Price Analysis: Battles 11-week-old resistance line
AUD/JPY takes the bids near monthly high flashed earlier in November. Bullish MACD, sustained trading beyond 10-day and 50-day SMAs favor the buyers. 50-day SMA offers additional filter to the downside. AUD/JPY rises to 76.92 amid the initial Asian session on Wednesday. The pair jumped towards the monthly, flashed on November 11, while cheering the…
23:30
November 24, 2020
Coronavirus vaccine: France, China eye vaccination starting by year-end
Amid expectations of the rapid rollout of coronavirus vaccine globally, French President Emmanuel Macron said the covid vaccinations could start being administered as soon as the end of the year in the country if approved by regulators. “We will very likely, and pending authorization by health authorities, start vaccination of the most vulnerable populations, hence…
23:15
November 24, 2020
Gold Price Analysis: XAU/USD consolidates above $1,800, risk-on favors bears near four-month low
Gold struggles to keep $1,800 threshold while taking rounds to four-month low. Biden’s formal power shift, vaccine hopes enthuse market sentiment. DJI30, S&P 500 closed at the record top, DXY eased. Headlines from the US, concerning vaccine and other risk events remain as the key drivers. Gold bears catch a breather around $1,807/08 amid the…
23:00
November 24, 2020
GBP/USD consolidates within pennant above 1.3350 as sterling awaits Brexit updates
GBP/USD is consolidating just above 1.3350 as sterling traders await further information on the state of Brexit talks. The pair has formed a short-term pennant, implying a breakout is likely, subject to fundamental confluence. GBP/USD closed Tuesday trade with gains of a little over 30 pips or just shy of 0.3% amid broadly soft US dollar…
23:00
November 24, 2020
UK’s Gove: EU needs to move too for Brexit deal
The European Union (EU) must be flexible too if both sides want to reach a Brexit deal, the British Cabinet Minister said on Tuesday, as cited by Reuters. Key quotes “I hope that we will be able to secure a good deal with the European Union.” “The European Union needs to move as well and…
22:45
November 24, 2020
RBNZ’s Hawkesby: If had not eased policy, the NZD would be 5-10% higher
If the Reserve Bank of New Zealand (RBNZ) had not eased monetary policy further, the NZD/USD exchange rate would be higher by 5-10%, Deputy Governor Christian Hawkesby said while speaking alongside Governor Adrian Orr following the Financial Stability Report publication this Wednesday. Meanwhile, Orr added that the policy intentions stand as stated in the monetary policy…
22:30
November 24, 2020
AUD/USD consolidates just below 0.7370 Tuesday highs as bulls eye push towards 0.7400
AUD/USD is currently trading just below Tuesday highs at 0.7369, as bulls eye a push towards the 0.7400 level. A significant improvement in global risk appetite gave AUD a boost on Tuesday and sets the currency up well for the coming Wednesday Asia session. To the downside, significant levels of support to note are just…
22:30
November 24, 2020
NZD/USD wavers around 2.5-year high below 0.7000 even as RBNZ’s Orr backs low interest rates
NZD/USD keeps the choppy trading above 0.6965, easing five pips off-late. RBNZ Governor Adrian Orr says low interest rates ensure NZD’s competitiveness, RBNZ FSA struck upbeat statements. Market sentiment stays upbeat on US President-elect Joe Biden’s power shift. A light calendar in Asia highlights risk news for fresh impulse. NZD/USD pays a little heed to…
22:15
November 24, 2020
EUR/USD stretches higher to test day highs at 1.1895
EUR/USD bounces up at 1.1840 to approach 1.1900 resistance area. The euro appreciates against a weaker USD amid higher appetite for risk. Euro rallies to 1.1900 are good selling opportunities – Rabobank. The euro is pushing higher on the late US session on Tuesday to retest session high at 1.1895 which, so far, remains intact….
22:15
November 24, 2020
RBNZ’s Orr: Low interest rates ensures NZD exchange rate remains competitive
“Low-interest rates ensured the New Zealand dollar exchange rate remains competitive,” the Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr said in a scheduled speech on Wednesday. Additional quotes “Commited to meet our remit.” “Intend to work with govt on long term goals of housing affordability.” NZD/USD remains unfazed on Orr NZD/USD keeps its…