Forex News

6:45
August 3, 2020
USD/JPY: Outlook remains unclear near-term – UOB
USD/JPY is seen navigating within the 105.00/107.00 range in the next weeks, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “USD had a wild day last Friday as it plunged to 104.17 before staging an amazing reversal that sent it surging to a high of 106.05. The rapid and sharp swings have resulted…
6:30
August 3, 2020
AUD/USD: Upside attempts remain elusive above 0.7150 ahead of US data
AUD/USD remains capped amid negative S&P 500 futures. AUD bears cheer Victoria virus woes, as focus shifts to US ISM. Stalled USD pullback, upbeat Chinese PMI lend support. AUD/USD consolidates Friday’s sharp sell-off in 30-pips narrow range on Monday, with the bears continuing to guard 0.7150 while the downside remains cushioned near 0.7120 region. The…
6:30
August 3, 2020
Crude Oil Futures: Room for extra pullbacks
Open interest in Crude Oil futures markets went down by around 6.8K contracts on Friday following five consecutive builds according to preliminary data from CME Group. Volume followed suit and dropped by around 343.2K contracts, reversing to daily advances in a row. WTI: Support is seen at the 55-day SMA around $38.50 Friday’s inconclusive performance…
6:15
August 3, 2020
AUD/USD risks further downside below 0.7100 – UOB
AUD/USD could have charted a near-term peak if it breaks below the 0.7100 mark, in opinion of FX Strategists at UOB Group. Key Quotes 24-hour view: “Last Friday, AUD rose to a fresh high of 0.7227 before staging a sharp sell-off to close lower by -0.74% (0.7143), its biggest 1-day decline in more than 5…
6:15
August 3, 2020
US Dollar Index clings to gains around 93.50 ahead of data
DXY moves to 93.50 at the beginning of the week. US lawmakers keep debating extra fiscal stimulus to fight the coronavirus. US ISM Manufacturing, Markit’s final PMI, Fedspeak next on tap. The greenback, when tracked by the US Dollar Index (DXY), is looking to add to Friday’s gains around the 93.50 region. US Dollar Index…
6:00
August 3, 2020
USD/IDR Price News: Indonesian rupiah bears attack 14,700 on downbeat Indonesia Inflation
USD/IDR stays on the front foot as Indonesian Inflation rises 1.54% YoY in July. US dollar’s pullback from multi-week low, fears of the return of tough lockdown restrictions add strength to the pair. US PMI, risk catalysts in the spotlight for fresh impetus. USD/IDR takes the bids near 14,695 ahead of the European session on…
6:00
August 3, 2020
Forex Today: Gold nearing $2,000, dollar licking its wounds as the NFP countdown begins
Here is what you need to know on Monday, August 3: Gold has taken another step toward $2,000 while the dollar is looking for a direction after recovering some of July's losses on Friday. August kicks off with the first hint toward the Non-Farm Payrolls, uncertainty about fiscal stimulus, tense Sino-American relations, and more. XAU/USD…
5:45
August 3, 2020
FX option expiries for Aug 3 NY cut
FX option expiries for Aug 3 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – GBP/USD: GBP amounts         1.3000 550m  – USD/JPY: USD amounts          104.50 906m 106.70 475m – EUR/GBP: EUR amounts  0.9000 576m 
5:45
August 3, 2020
USD/CHF Price Analysis: Two-week-old resistance line on bulls’ radar above 0.9150
USD/CHF extends recovery moves from multi-month low, keeps break of short-term resistance line to attack another. Bullish MACD favor the buyers, sellers still have a passage for return unless crossing the trend line resistance. Buyers can pierce 0.9200 on the upside break, bears can cheer downside past-0.9100. USD/CHF takes the bids near 0.9161, up 0.38%…