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.
United States Baker Hughes US Oil Rig Count rose from previous 365 to 373
United States Baker Hughes US Oil Rig Count rose from previous 365 to 373
Sharp USD rally suggests sharp re-adjustment in positions has been taking place – Rabobank
Commenting on the market reaction to the FOMC's hawkish shift this week, Rabobank analysts noted that the sharp rally in the USD on the back of this w
Bank of England could signal a further slowdown in QE is likely over the next few months – Wells Fargo
Next week, the Bank of England will have its monetary policy meeting. Analysts at Wells Fargo, believe the central bank will signal another slowdown i
USD upside risks should be contained to near-term – MUFG
Analysts at MUFG Bank point out that their assumption of ‘more of the same’ from the Federal Reserve meeting this week was wrong and the outcome has a
ECB: Expecting to end PEPP next March as scheduled
In its Survey of Monetary Analysts published on Friday, the European Central Bank (ECB) noted that it is expecting to end the Pandemic Emergency Purch
USD/MXN jumps to 20.75 as market sentiment deteriorates
The Mexican peso remains under pressure against the US dollar. The USD/MXN jumped to 20.75, reaching the highest level since late March. The pair is h
US: NY Fed's GDP Nowcast declines to 3.7% for Q2 after this week's data
The US economy is expected to grow by 3.7% and 4.4% in the second and the third quarter of 2021, respectively, the Federal Reserve Bank of New York's
USD/CAD advances beyond 1.2450 on unabated USD strength
The USD/CAD pair broke above 1.2400 on Friday and reached its strongest level since April 26 at 1.2453. As of writing, the pair was up 0.7% on the day
AUD/USD hits fresh six months lows under 0.7500
The AUD/USD dropped further during the American session, breaking under 0.7500 as the rally of the US dollar goes on. The pair bottomed at 0.7483, rea
Gold Price Analysis: XAU/USD needs to hold onto $1,766 to recover – Confluence Detector
Where is the bottom? That is the question asked by those trading gold – and any other asset that is denominated in US dollars. The greenback's rise ha
US Dollar Index pushes higher to 92.30, fresh 2-month highs
The bid bias in the dollar stays everything but abated and now lifts the US Dollar Index (DXY) to new 2-month peaks near 92.30. US Dollar Index up des
EU's Šefčovič: Unrealistic to think that all EU-UK barriers can be lifted
Maroš Šefčovič, European Commission Vice President of Interinstitutional Relations and Foresight, said on Friday that the UK must show an unwavering c
S&P 500 Index opens deep in the negative territory below 4,200
Following Thursday's indecisive movements, Wall Street's main indexes opened with large losses on Friday. As of writing, the S&P 500 was down 0.75% on
GBP/USD dives to fresh multi-week lows amid sustained USD buying
The USD buying picked up pace during the early North American session and dragged the GBP/USD pair to fresh multi-week lows, around the 1.3845 region
USD/JPY pares early losses on renewed USD strength, rises to 110.30 area
After dropping below 110.00 earlier in the day, the USD/JPY pair regained its traction and was last seen rising 0.1% on a daily basis at 110.31. DXY a
EUR/USD stays offered well below 1.1900
The selling pressure around the European currency remains well in place and forces EUR/USD to give away extra ground to new 2-month lows in the 1.1870
Gold Price Forecast: XAU/USD hangs near multi-week lows, just above $1,775 level
Gold price is rebounding over 1% on the last day of this eventful week, although remains on track to book a 5% loss on the weekly basis. The retreat i
NZD/USD extends slide to fresh multi-month lows below 0.6950
The NZD/USD pair lost more than 100 pips in the previous two days and struggled to stage a convincing rebound on Friday. After breaking below 0.7000,
Australia: Unemployment drops to pre-pandemic levels – UOB
UOB Group’s Economist Lee Sue Ann assesses the recently published labour market report in the Australian economy. Key Quotes “Australia's seasonally a
USD/CAD refreshes multi-week tops, eyeing a move beyond 1.2400 mark
The USD/CAD pair jumped to fresh seven-week tops during the early North American session, with bulls now looking to build on the momentum beyond the 1
Canada New Housing Price Index (YoY): 11.3% (May) vs 9.9%
Canada New Housing Price Index (YoY): 11.3% (May) vs 9.9%
Canada New Housing Price Index (MoM) down to 1.4% in May from previous 1.9%
Canada New Housing Price Index (MoM) down to 1.4% in May from previous 1.9%
Fed's Bullard: Chair Powell officially opened taper discussion at last meeting
FOMC Chairman Jerome Powell officially opened taper discussion at the last meeting and more in-depth discussion will follow, St. Louis Fed President J
EUR/USD: Oversold conditions warrant caution before placing fresh shorts – TDS
EUR/USD has managed to find some support around 1.19 as the pair ranks as one of the most oversold in the G10 right now. This suggests one might need
Fed's Bullard: Inflation is more intense than expected
In an interview with CNBC on Friday, St. Louis Fed President James Bullard explained that the FOMC's hawkish tilt was due to the fact that the economy
WH Adviser Bernstein: Equally concerned about inflation as before
In an interview with CNN on Friday, White House economic adviser Jared Bernstein said that they are equally concerned about inflation as before. Berns
AUD/USD looks to be in a rough shape, bearish below 200-DMA at 0.7555 – TDS
This week’s volatility has done some damage to the market’s technical landscape, with AUD/USD looking vulnerable to further declines unless it manages
USD/JPY Price Analysis: Struggles for direction, flat-lined above 110.00 mark
The USD/JPY pair lacked any firm directional bias on the last trading day of the week and seesawed between tepid gains/minor losses through the mid-Eu
UK PM Johnson: Confident will be able to ease restrictions on July 19
British Prime Minister Boris Johnson said on Friday that he is very confident that they will be able to further ease coronavirus restrictions on July
Nasdaq (NDX NQ1 QQQ) breaks records as Fed threads a careful line, risk-reward still upside bound
The relief rally continued on Thursday for the Nasdaq as the index outperformed all others and set a new record high on the day. The Fed has calmed in