Forex News

14:15
November 27, 2020
UK: Coronavirus reproduction “R” number declines below 1
Following a three-week national lockdown in England, the reproduction "R" number is estimated to be between 0.9 and 1, UK Government Office for Science said on Friday, as reported by Reuters. The number of new confirmed COVID-19 infections is currently contracting by between 0% and 2% daily after increasing by between 0% and 2% last week,…
14:15
November 27, 2020
USD/CHF eases from tops, still in the green around 0.9065-70 region
USD/CHF gained positive traction on Friday and snapped three days of losing streak. COVID-19 vaccine optimism weighed on the safe-haven CHF and remained supportive. Weaker USD kept a lid on any meaningful gains, warranting caution for bullish traders. The USD/CHF pair held on to its positive tone through the early North American session, albeit retreated…
14:00
November 27, 2020
USD/TRY bounces off 3-day lows near 7.75
USD/TRY loses further momentum and tests the 7.76 area. Turkey’s Economic Sentiment Index eased to 89.50 in November. The lira stays supported by recent orthodox measures by the CBRT. The Turkish lira extends the upside momentum in the second half of the week and drags USD/TRY to new 3-day lows in the 7.7600 level. USD/TRY…
13:45
November 27, 2020
Breaking: Gold plummets to fresh multi-month lows near $1,780
The XAU/USD pair came under sudden selling pressure and plunged to its lowest level since early July at $1,782.28. Developing story…
13:30
November 27, 2020
USD/JPY pares intraday losses, holds above 104.00 mark
USD/JPY remained depressed through the first half of the trading action on Friday. A softer tone surrounding the USD, sliding US bond yields exerted some pressure. COVID-19 vaccine optimism undermined the safe-haven JPY and helped limit losses. The USD/JPY pair remained depressed through the early European session, albeit has managed to rebound around 25 pips…
13:30
November 27, 2020
German Economy Ministry: Expanding coronavirus aid for companies
Germany economy ministry announced on Friday that they will be expanding the coronavirus aid for companies, as reported by Reuters. "Coronavirus aid for companies will amount to €4.5 billion a week in December," the statement revealed. Earlier in the day, German Economy Minister Peter Altmaier said that they were expecting a wave of insolvencies of restaurants…
13:15
November 27, 2020
USD/CAD struggles to hold above 1.3000 as WTI trades in green above $45
USD/CAD trades in the negative territory on Friday. WTI clings to gains above $45 following Thursday's correction. US Dollar Index struggles to find direction ahead of Wall Street's opening bell. The USD/CAD pair registered small daily gains on Thursday but started to edge lower on Friday as the rising crude oil prices helped the commodity-sensitive…
13:00
November 27, 2020
US: Janet Yellen, one of the best to be in charge if another financial crisis blows up – CE
This week the markets were buoyed by the news that President-elect Joe Biden intends to nominate Janet Yellen to be Treasury secretary but, while she is eminently qualified, her lack of political deal-making experience could be an Achilles heel, according to economists at Capital Economics. Key quotes “Without question, Janet Yellen, the ex-Fed Chair and…
13:00
November 27, 2020
Gold Price Analysis: XAU/USD remains vulnerable, break below 200-DMA awaited
Gold struggled to gain any traction and remained depressed near multi-month lows. Bearish flag breakdown supports prospects for an extension of the recent downtrend. Any meaningful recovery attempt might be seen as an opportunity for bearish traders. Gold traded with a mild negative bias through the mid-European session and was last seen hovering near the…
12:45
November 27, 2020
EU’s Barnier to propose fish quota deal to UK – RTE
The European Union's chief Brexit negotiator, Michel Barnier, will propose that 15% to 18% of the fish quota caught in UK waters by EU fleets will be restored to the UK under a free trade agreement, RTE Europe Editor Tonny Connelly tweeted out on Friday. "EU vessels catch on average €650 million in quota each…