Forex News

8:15
November 29, 2020
Gold Price Analysis: Is the XAU/USD bull market over? – TDS
Last week’s sell-off in gold, which ensued after a breach of the long-term strong support at $1850, raised doubts whether the bull market is nearing an end. Still holding an upbeat outlook on the yellow metal, TD Securities (TDS) Commodity Strategist Daniel Ghali explained that the drivers that pushed gold to new highs back in…
8:00
November 29, 2020
Iraq’s Oil Minister: Will not seek exemption from OPEC+ deal
  Iraq Oil Minister HE Ihsan Abdul Jabbar Ismaael said in a local media outlet that the OPEC’s second-largest oil producer will not ask for an exemption from the OPEC+ oil output cut deal. Key quotes “Oil prices are expected to reach about $50 at the beginning of 2021.” “The commitment of members to the deal would…
7:45
November 29, 2020
BOE’s Haldane: Focus on inflation risks as economic recovery gathers pace
Inflation could rise by more than expected on hopes for a quicker economic upturn induced by the coronavirus vaccine progress and massive stimulus, the Bank of England (BOE) Chief Economist Haldane said in a speech to a University College London webinar on Saturday. Key quotes “As the economic recovery gathers pace next year, it will be…
7:45
November 29, 2020
UK set to approve Pfizer-BioNTech coronavirus vaccine from December 7 – FT
 The Medicines and Healthcare Products Regulatory Agency (MHRA), the UK’s medical regulator, is likely to give a green signal to the coronavirus vaccine co-developed by BioNTech SE and Pfizer Inc from December 7, the Financial Times (FT) reported, citing unnamed sources. The vaccine deliveries would begin within hours of the authorization, the sources added. The…
6:00
November 28, 2020
Gold Price Analysis: XAU/USD sees firstly weekly close below $1800 since mid-July
Gold lost 4.5% on the week, the worst week since end-September. Stops got triggered after gold breached the $1800 critical threshold. Coronavirus vaccine progress-led economic optimism hammered gold. Gold (XAU/USD) finally breached the critical $1800 support on Friday, closing the week below that level for the first time since July 16. The spot eroded 4.5% of…
20:15
November 27, 2020
AUD/USD set to finish the week just below 0.7400, at monthly highs
AUD/USD shrugged off negative China trade news on Friday to hit fresh monthly highs. Excellent Australian containment of the Covid-19 pandemic is likely supporting the currency alongside NZD. AUD/USD looks set to end the week on the front foot and at its highest levels since early September of just below 0.7400. On the day, the…
20:15
November 27, 2020
GBP/JPY slides below 138.50 weighed by a vulnerable pound
GBP/JPY's reversal from  140.00 area extends to 138.35. Brexit uncertainty and Scotland's referendum hurt the pound. GBP/JPY eroding trendline support at 138.40. The sterling is trading lower against the Japanese yen for the second consecutive day, giving away most of the ground taken earlier this week. Pound’s reversal from intra-week highs right below 140.00 has…
19:30
November 27, 2020
USD/JPY exploring levels sub-104.00 amid broad dollar weakness
USD/JPY's reversal from 104.80 extends below 104.00 The US dollar looks vulnerable amid the positive market mood The near-term bias is negative and the pair targets 103.50 The US dollar is heading lower against the Japanese yen for the second consecutive day. The bullish reaction from 103.90 lows witnessed earlier on Friday has been capped…
19:00
November 27, 2020
EUR/GBP jumps near 0.9000 as Brexit, Scotland hurt the pound
EUR/GBP breaks beyond 0.89940 resistance and approaches 0.9000. The pound weakens on Brexit uncertainty and Scotland's independence referendum. Breach of 0.9000 would improve the euro's near-term bias. The euro has accelerated its recovery from 0.8865 lows earlier this week, appreciating to levels right below 0.9000. The pair is on course to gain 0.7% on the…