Forex News

NZD/USD is on bids around 0.6890 during early Friday. The quote took a U-turn from nine-month-old descending trend-line on Thursday but is still above previous resistance turned...

Risk-off amid fresh trade worries, downbeat Aussie data weigh negatively Focus on US economic release, risk sentiment for the next moves. AUD/USD is on a steady decline so far...

USD/CHF daily chart The USD/CHF pair trades near 0.9930 at the early Asian session on Friday. The quote recently bounced off the 38.2% Fibonacci retracement of its September...

Pullback in crude prices joins the USD profit-booking. Canadian CPI/Retail Sales and the US PMI/Housing should be observed next. USD/CAD trades near 1.3370 during early Friday....

PBOC sets USD/ CNY central rate at 6.6944 vs. yesterday at 6.6850. PBOC Skips Reverse Repo March 22nd.

USD/JPY is currently trading at 110.78 and between a range of 110.74 and 110.90. The pair is resting up for the week following the FOMC and ahead of the last U.S. data for the...

Japanese traders return from a day’s break to markets with CPI on Friday. Risk sentiments could gain major attention on lack of data. The Japanese Yen (JPY) is taking the...

AUD/USD daily chart The AUD/USD pair trades near 0.7110 around early Asian sessions on Friday. The quote took a U-turn from 50-day and 100-day simple moving averages (SMA) on...

EUR/USD may continue to consolidate over the remainder of the month as the exchange rate snaps the series of higher highs & lows from earlier this week.

EUR/GBP is a little weak around 0.8665 on early Friday. The quote couldn’t provide a daily closing beyond 50-day simple moving average (SMA) figure of 0.8690 during its rise...

GBP/USD fell on the ongoing Brexit saga as the EU gave UK Prime Minister Theresa May a third shot to pass her divorce deal in Parliament next week. Ahead, the Japanese Yen may...

EU confirms Brexit deadline extension from March 29 making the UK parliament a crucial entity to direct the future dates of departure. The GBP/USD pair bounces off the 1.3060/65...

EUR/USD daily chart EUR/USD is trading in a bear trend below its 200-day simple moving average (SMA).

Recovery underway after upbeat data helped the USD to take better advantage of other currencies’ declines on Thursday. Lack of headline data/events gives troubles to...

According to analysts from Deutsche Bank, the Loonie (CAD) is likely to trade lower against the US dollar amid some negative factors persisting in the Canadian economy. Key...

The USD/MXN rebounded on Thursday on the back of a stronger US dollar but failed to recover so far the level it had before the FOMC meeting. The greenback gained momentum amid some...

Aussie losses post-FOMC and Australian jobs data gains on the back of a US dollar recovery amid risk aversion. AUD/USD bottoms at 0.7088 and rebounds to 0.7100. The AUD/USD pair...

Analysts at Deutsche Bank, forecast NZD/USD at 0.69 by mid-2019 and around 0.66 by the end of the year. They point out the Kiwi is the most expensive G10 currency. Key Quotes:

EUR/USD daily chart EUR/USD is trading in a bear trend below its 200-day simple moving average (SMA).

EU is reportedly looking to give UK an extension until May 22. US Dollar Index erases Wednesday losses, rises above 96.50. BoE keeps policy rate unchanged as expected. With the...

A stronger US dollar boosts USD/CAD to the highest level in a week. Greenback’s on demand and fully recovered from yesterday’s losses. The USD/CAD pair rose further...

Euro tested key resistance post-FOMC with the March recovery now vulnerable into the close. Here are the levels that matter on the EUR/USD weekly chart.

The European Council has drafted a response to PM May's Brexit extension request that comes up shorter than the UK's request.

CAD gained the upper hand on positive crude oil price. Investors now await macro data updates for directional cues.

USD/CAD daily chart USD/CAD is trading in a bull trend above the 200-day simple moving averages (SMA).

AUD/USD daily chart AUD/USD is trading in a bear trend below its main simple moving averages (SMAs).

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bearish contrarian trading bias.

Cable slump continues It's getting ugly in the pound. Cable is down 177 pips to a fresh low at 1.3022. The drop broke the 55-day moving average. That was a key level because it...

GBP/USD daily chart GBP/USD is trading in a bull trend above its main simple moving averages (SMAs). GBP/USD is testing the 50 SMA at the 1.3059 level.

Pound under pressure across the board on the back of the Brexit drama. UK PM May at the European Union summit in Brussels. The GBP/USD pair broke previous lows and tumbled to...

Deutsche Bank strategists continue to see USD/JPY biased to the downside. They forecast USD/JPY at 110 by mid-2019, 105 by end-2019 and at 100 by end-2020. Key Quotes:

10-year US T-bond yield turns positive on the day. Wall Street gains traction following the negative start. US Dollar Index erases all of yesterday's losses. After struggling...