Forex News

15:15
July 14, 2020
Coronavirus update US: Florida cases rise by 9,194 to a total of 291,629
The latest data published by Florida's health department showed that the number of confirmed coronavirus cases in the state rose by 9,194 on Tuesday to a total of 291,629. Further details of the report revealed that COVID-19-related fatalities in Florida increased by 133 to 4,514, marking the biggest daily jump since the pandemic started. Market…
15:00
July 14, 2020
BoJ Preview: USD/JPY to fall toward 106.60 on a yen boost
Japanese policymakers are expected to maintain their monetary policy unchanged which will be announced on 15 July at 03:00 GMT. The Bank of Japan (BoJ) decision is unlikely to affect USD/JPY, however, the pair could see some short-term reaction, FXStreet’s Chief Analyst Valeria Bednarik briefs. See – BoJ Preview: Five major banks expectations Key quotes…
15:00
July 14, 2020
USD/JPY retreats from session highs, turns flat near 107.30
USD/JPY is struggling to make a decisive move on Tuesday. Mixed market sentiment doesn't provide any directional clues to USD/JPY. US Dollar Index drops below 96.30 as Wall Street rebounds. The USD/JPY pair edged higher toward 107.50 in the early trading hours of the American session but failed to preserve its bullish momentum. As of…
14:45
July 14, 2020
BoJ Preview: Five major banks expectations
The Bank of Japan (BoJ) will announce its Interest Rate Decision on 15 July at 03:00 GMT. The market consensus is for the BoJ to stay on hold and as we get closer to the release time, here are the expectations forecast by the economists and researchers of five major banks regarding the upcoming central…
14:45
July 14, 2020
EUR/GBP Price Analysis: Surges to two-week tops, beyond 0.9100 mark
EUR/GBP gained some strong follow-through traction for the second straight session on Tuesday. The technical set-up seems tilted in favour of bulls and supports prospects for additional gains. The EUR/GBP cross built on the previous day's positive move and gained some strong follow-through traction for the second consecutive session on Tuesday. A sustained move beyond…
14:15
July 14, 2020
GBP/USD falls to over 1-week lows and rebounds, back above 1.2500 mark
GBP/USD witnessed under some heavy selling for the second consecutive session on Tuesday. Softer UK GDP print, persistent Brexit-related uncertainties took its toll on the British pound. The risk-off mood benefitted the safe-haven USD and contributed to the intraday selling bias. The GBP/USD pair lost some additional ground during the early North American session and…
14:15
July 14, 2020
S&P 500 extends slide toward 3,130 dragged by tech shares
S&P 500 opened in red after losing nearly 1% on Monday. S&P 500 Technology Index is down 1.2% in the early trade. Dow Jones Industrial Average is posting modest daily gains. Wall Street's main indexes started the week on firm footing but came under strong bearish pressure in the second half of the day to…
13:45
July 14, 2020
USD/CHF retreats to 0.9400 area in early American session
USD/CHF struggles to hold above 0.9400 on Tuesday. US Dollar Index stays near 96.50 in early American session. Annual core CPI in US stayed unchanged at 1.2% in June. The USD/CHF pair advanced to a weekly high of 0.9438 on Monday but closed the day unchanged at 0.9415. On Tuesday, the pair spent the majority…
13:45
July 14, 2020
SNB’s Jordan: Forex interventions most effective instrument to curb CHF’s strength
An expansive monetary policy in Switzerland is now more necessary than ever, Swiss National Bank Chairman Thomas Jordan said on Tuesday, as reported by Reuters. Additional takeaways "Forex interventions are the most effective instrument to curb franc's strength." "Forex interventions, negative rates are essential." "Even though we still have scope for further interest rate cuts,…