Forex News

14:15
August 3, 2020
Gold: Interesting Fibonacci extension projects a move to $2500
Gold has risen 10.74% in the month of July, the biggest monthly increase since February 2016. As the price is breaking all-time highs it's hard to say where the yellow metal could end up. Rajan Dhall, an analyst at FXStreet, believes a rise toward $2500 is on the cards but the $2000 psychological level is…
14:00
August 3, 2020
EUR/USD weaker, challenges 1.1700 ahead of US ISM
EUR/USD loses further momentum and approaches 1.1700. German, EMU final manufacturing PMI surprised to the upside. US ISM Manufacturing next of relevance in the docket. The selling pressure around the European currency is now picking up extra pace and is dragging EUR/USD to the proximity of the 1.1700 mark, or new multi-day lows. EUR/USD offered…
14:00
August 3, 2020
US Dollar Index looks firmer near 94.00 ahead of ISM
DXY keeps pushing higher and trades closer to 94.00. Final July Manufacturing PMI came in below consensus at 50.9. US ISM Manufacturing coming up next in the calendar. The US Dollar Index (DXY), which gauges the greenback vs. a bundle of its main rivals, is extending the rebound from last week’s lows and trades at…
14:00
August 3, 2020
US: Markit Manufacturing PMI edges higher to 50.9 (final) in July vs. 52 expected
US Markit Manufacturing PMI improved less than expected in July. US Dollar Index clings to daily gains near 94.00 after the data.  The IHS Markit's Manufacturing PMI rose from 49.8 in June to 50.9 (final) in July and revealed a modest expansion in the manufacturing sector's economic activity. However, this reading came in worse than the previous estimate…
13:45
August 3, 2020
S&P 500 Index opens at fresh multi-month highs, closes in on 3,300
Wall Street's main indexes started the new week on a strong footing. Technology and healthcare shares post strong gains on Monday. S&P 500's defensive sectors trade in the negative territory. Major equity indexes in the US opened in the positive territory on Monday. As of writing, the S&P 500 Index (SPX) is trading at its…
13:30
August 3, 2020
NZD/USD slumps below 0.6600 as USD recovery gathers momentum
NZD/USD fell to its lowest level in nearly two weeks on Monday. Broad-based USD strength keeps the bearish pressure intact. US Dollar Index climbs to 94.00 area ahead of PMI data. The NZD/USD pair came under heavy bearish pressure in the early trading hours of the American session as the USD continues to gather strength…
13:15
August 3, 2020
Fed’s Kaplan: Virus can be managed without another shutdown if all wear masks
During an interview with Bloomberg TV on Monday, Dallas Federal Reserve Bank President Robert Kaplan said that he believes the coronavirus can be managed without another shutdown if all wear masks. Key quotes "US economy expected to contract in 2020 at about 4.5% to 5%." "Unemployment rate expected to end the year at about 9% or 10%,…