Forex News

21:00
September 28, 2020
Wall Street Close: Bulls bounce back hard in end of quarter flows
S&P 500 unofficially closes up 50.30 points, or 1.52%. Dow Jones unofficially closes up 384.29 points, or 1.41%. NASDAQ unofficially closes up 197.47 points, or 1.81%. US stocks ended sharply higher on Monday as investors piled back in on what is otherwise expected to be the first monthly decline since March of this year.   End of…
20:15
September 28, 2020
USD/JPY Price Analysis: Back in familiar territory as the price approaches 106.00
USD/JPY trades just under flat on Monday as the greenback losses ground. The price is heading to the value area of an old consolidation.  USD/JPY 4-hour chart USD/JPY has to be one of the most mundane currency pairs at the moment. Just as it looked like the pair was about to break lower the dollar…
20:15
September 28, 2020
NZD/USD Price Analysis: Bulls set on at least a 38.2% Fibonacci retracement
NZD/USD is in the midst of a powerful upside correction. Bulls are mapping out the Fibonacci confluence targets.  NZD/USD has been tracked in a series of technical analysis since August from when the makings of a monthly reverse head and shoulders pattern had been identified. From the outset, the price action has been analysed and…
20:00
September 28, 2020
Forex Today: Dollar bends but doesn’t break
Here is what you need to know on Tuesday, September 29: The market kick-started the week with a better mood, in detriment of the greenback. However, the dollar’s intraday decline against major rivals seems a mere correction at this point, with no changes to the longer-term perspective. EUR/USD remained below 1.1700, retreating from its daily…
19:15
September 28, 2020
GBP/USD consolidates below the opening surge towards 1.3000
GBP/USD is shying away for the opening highs for the week. Brexit risks leave the pound higher sensitive to headlines. BoE comments are mixed in regards to rate expectations.  GBP/USD is currently trading at 1.2844 and between a range of 1.2751 and 1.2929, up 0.81% at the time of writing having given back ground from…
19:00
September 28, 2020
S&P 500 top movers: Energy shares fuel the rally on Monday
S&P 500 Index rose to a fresh 10-day high at the start of the week. Major energy stocks post impressive gains on Monday. S&P 500 Healthcare Index underperforms ahead of Tuesday's presidential debate. Wall Street's main indexes started the new week decisively higher and the S&P 500 Index (SPX) touched its best level in 10…
19:00
September 28, 2020
Silver Price Analysis: The pullback in the dollar has given silver the chance to climb
Silver has pushed nearly 3% higher on Monday.  USD 24 per ounce looks like a strong resistance. XAU/USD 4-hour chart Silver is another one of those commodities that is benefitting from the dollar taking a break from its recent strength. Over the past week or so the greenback has found its voice after all of…
18:30
September 28, 2020
WTI bulls may be running against the wind while price is respecting trendline support
WTI price could be picking-up some last-minute liquidity into a block of resistance. Bears will be prudent to sit on the sidelines and await a break of the support structure and bearish technical readings.  Bulls will be looking for a strong weekly close above 41.  The price of oil is trading on the bid around $40.47 at the…
17:45
September 28, 2020
EUR/USD retreats to 1.1650 area, looks to end day modestly higher
EUR/USD rose to a daily high of 1.1675 on Monday. ECB's Lagarde reiterates that they are monitoring exchange rate movements. US Dollar Index stays in red as market mood remains upbeat. The EUR/USD pair lost more than 200 pips and posted its lowest weekly-close since early July at 1.1630. With the greenback struggling to preserve…