News
Considering the economic news regularly would help investors to catch opportunities on time. Before proceeding, make sure to check for any news that may affect the value of the positions you are interested in by following this page.
Iraq will cut oil output to compensate for breach of OPEC+ quota - Bloomberg
Iraq, the OPEC’s second-biggest producer will pump around 3.6 million barrels daily in January and February, Bloomberg reported, citing Ali Nizar, the
Forex Today: US stimulus and coronavirus to keep driving financial markets
Here is what you need to know on Monday, January 25: The market’s mood soured on Friday, with global indexes closing mostly in the red. Concerns gyrat
Gold Price Analysis: XAU/USD’s rejection again at 21-DMA calls for further downside
Gold (XAU/USD) witnessed a steep drop on Friday after facing rejection at the 21-daily moving average (DMA) of $1876 once again. The sell-off drove th
ECB’s Rehn calls yield curve control nonsensical for euro area
The European Central Bank (ECB) Governing Council member Olli Rehn dismissed yield curve control as a tool to enhance the financing conditions in the
UK ministers to discuss tighter travel curbs – BBC
In order to discuss further tightening of the travel restrictions, the British ministers are likely to meet on Monday, the BBC News reported on Saturd
Gold Price Analysis: Recapturing $1857 critical for XAU/USD in the FOMC week ahead – Confluence Detector
Gold (XAU/USD) fell 1% on Friday as risk-off mood and stellar US Markit Manufacturing PMI boosted the US dollar. Despite the decline, the yellow metal
Wall Street Close: Major Indices pull back from record levels in defensive finish to the week
Major US equity bourses closed the final trading day of the week in the red, all three sliding slightly back from record levels hit as recently as yes
Australia CFTC AUD NC Net Positions: $4.9K vs previous $5.5K
Australia CFTC AUD NC Net Positions: $4.9K vs previous $5.5K
European Monetary Union CFTC EUR NC Net Positions climbed from previous €155.9K to €163.5K
European Monetary Union CFTC EUR NC Net Positions climbed from previous €155.9K to €163.5K
Japan CFTC JPY NC Net Positions down to ¥50K from previous ¥50.5K
Japan CFTC JPY NC Net Positions down to ¥50K from previous ¥50.5K
United Kingdom CFTC GBP NC Net Positions increased to £13.7K from previous £12.9K
United Kingdom CFTC GBP NC Net Positions increased to £13.7K from previous £12.9K
United States CFTC Gold NC Net Positions increased to $246.6K from previous $246.2K
United States CFTC Gold NC Net Positions increased to $246.6K from previous $246.2K
United States CFTC Oil NC Net Positions dipped from previous 527.7K to 508.6K
United States CFTC Oil NC Net Positions dipped from previous 527.7K to 508.6K
AUD/USD drops back towards 21DMA just above 0.7700 handle
AUD/USD is consolidating just above lows of the day that were set during the European morning just to the north of the 0.7700 level. Helping the psych
US President Biden says nothing can be done to change path of pandemic in coming months - Reuters
US President Joe Biden, speaking to the press on Friday evening, said that there is nothing we can do to change the trajectory of the pandemic in the
WTI consolidates around $52.50 mark, unfazed by surprise EIA inventory build
WTI crude oil prices are on the back foot on the final trading day of the week; prices dropped as low as the $51.50 mark in the early part of European
United States Baker Hughes US Oil Rig Count rose from previous 287 to 289
United States Baker Hughes US Oil Rig Count rose from previous 287 to 289
USD/CAD rises above 1.2700, eyes test of 21DMA at 1.2740
USD/CAD has been on the front foot for the majority of Friday’s session, rising back above the 1.2700 mark and into the 1.2750s from its early Asia se
USD: FX intervention isn't enough to halt dollar’s decline – Wells Fargo
According to analysts at Wells Fargo, the US dollar will remain weak during 2021 and in early quarters of 2022, despite interventions from central ban
GBP/USD: Cautious over further near-term gains – MUFG
A lot of good news has been priced into the pound, according to analysts at MUFG Bank. They point out that a relatively fast vaccine roll out in the U
US: Existing Home Sales to moderate during 2021 – CE
Housing data from the US released on Friday came in above expectations with Existing Home Sales reaching the highest level in 14 years in December. Ma
USD/TRY likely to drop further below 7.3500 – MUFG
Shoring the USD/TRY is a trade idea that analysts at MUFG Bank are considering. They see the current policy from the Central Bank of the Republic of T
EUR/GBP: Is still be too early to be bullish on the pound – Rabobank
According to analysts from Rabobank, the possibility of the Bank of England (BoE) reinforcing a dovish outlook could keep the pound on the back foot.
NZD/USD: Relative cyclical momentum set to remain supportive for the kiwi – MUFG
The kiwi (NZD) has been outperforming boosted by building optimism over a stronger global economic recovery, explained analysts at MUFG Bank. They bel
S&P 500 drops back from record high levels, eyes test of support in the 3820s
The S&P 500 trades a little lower on Friday amid a more cautious tone the market’s broader appetite for risk; not only are US stocks lower, but Europe
Canada: Retail sales to lose some momentum – NFB
Data released on Friday showed retails sales rose on November more than expected in Canada. The seven-month positive streak is at risk, the preliminar
GBP/USD finds support above 1.3630 on Friday, ends week higher
The GBP/USD dropped further and bottomed at 1.3634, the lowest level in two days. Then it rebounded as US stocks trimmed losses and climbed to 1.3680.
EUR/GBP rallies back to highs of the week above 0.8900
Amid a divergence in euro and sterling strength on the final trading day of the week that has seen the former as one of the outperforming G10 currenci
United States EIA Crude Oil Stocks Change above forecasts (-1.167M) in January 15: Actual (4.351M)
United States EIA Crude Oil Stocks Change above forecasts (-1.167M) in January 15: Actual (4.351M)
AUD/USD: Correction lower expected below 0.7640
The AUD/USD pair has made little progress this week, ending it around the 0.7700 figure as investors struggled to maintain the optimism alive. In the