Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Euro flat lines near mid-1.1500s vs USD as traders await US CPI amid Iran uncertainty
The EUR/USD pair struggles to gain any meaningful traction and holds steady around the 1.1545-1.1550 area during the Asian session on Tuesday.
Australian Dollar holds ground ahead of RBA policy decision
AUD/USD regains ground after registering modest losses the previous day, trading around 0.7060 during Asian hours on Tuesday. The pair gains as the Australian Dollar (AUD) remains stronger ahead of the Reserve Bank of Australia's (RBA) interest rate decision later in the day.
Australia National Australia Bank's Business Conditions climbed from previous 3 to 4 in July
Australia National Australia Bank's Business Conditions climbed from previous 3 to 4 in July
Australia National Australia Bank's Business Confidence fell from previous -5 to -6 in July
Australia National Australia Bank's Business Confidence fell from previous -5 to -6 in July
PBOC sets USD/CNY reference rate at 6.7900 vs. 6.7884 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.7900 compared to the previous day's fix of 6.7884 and 6.7497 Reuters estimate.
RBA Governor discusses policy path after keeping interest rates steady
Reserve Bank of Australia (RBA) Governor Michele Bullock is speaking at the press conference, explaining the reasons behind leaving the benchmark interest rate unchanged at 4.35% after the August monetary policy meeting.Bullock is taking questions from the press as part of a new reporting format int
Intervention bought the Japanese Yen a price, not a buyer
The Yen has surrendered close to a full percent through the session, with the pair up 0.93% and changing hands just above 159.00 after a 120-pip range running from the 158.00 handle to short of 159.50.
The Australian Dollar rallies without an Australian reason
The Australian Dollar has traded a band of barely 20 pips through the session, holding above 0.7050 and easing 0.15% inside it. That is the tightest daily range the pair has produced in weeks, and it arrives at the end of a run of close to 200 pips from the late-June trough just above 0.6850.
British Pound Sterling borrows its rally from American payrolls
Cable has spent the session inside a band of barely 45 pips straddling 1.3500, up 0.13% and holding its best ground since mid-July.
United Kingdom BRC Like-For-Like Retail Sales (YoY) below expectations (1.5%) in July: Actual (1%)
United Kingdom BRC Like-For-Like Retail Sales (YoY) below expectations (1.5%) in July: Actual (1%)
Colombia Consumer Price Index (MoM) registered at 0.17%, below expectations (0.35%) in July
Colombia Consumer Price Index (MoM) registered at 0.17%, below expectations (0.35%) in July
Colombia Consumer Price Index (YoY) below forecasts (6.2%) in July: Actual (6.03%)
Colombia Consumer Price Index (YoY) below forecasts (6.2%) in July: Actual (6.03%)
EUR/USD Price Forecast: 100-day SMA caps Euro recovery
The Euro is poised to end Monday’s session with losses of about 0.13% against the Greenback, as recent news points to a delay in talks between the US and Iran, while, from a technical perspective, EUR/USD stalled at the 100-day Simple Moving Average (SMA) near 1.1568.