Forex News

Turkey’s Inflation Rate Continues to Plummet

Turkey’s Inflation Rate (YoY) for October dropped to 8.55% from 9.26% in September, and from 15.01% in August.  In January of this year,  the inflation rate was 20.3%!  The drop this month was primarily due to a slowdown in food and housing prices.   The Central Bank of Turkey (TCMB) doesn’t meet again until December and …

USD/JPY rallies to key resistance amid ongoing risk ON trade

It has been “risk-on” at start of the new week so far, with global stocks and crude oil rallying and safe-haven yen falling. Sentiment has remained supported by positive signals around US-China trade negotiations, while concerns over an economic slowdown have eased following the release of some above-forecast macro data of late. But with the …

AUD/USD Could Target 0.7000 if the RBA Strikes an Optimistic Tone

After two of the biggest weeks for macroeconomic releases (not to mention most of the top-tier earnings reports), this week’s calendar is comparatively subdued. That said, there are still some key events to keep an eye on, including tonight’s confab at the Reserve Bank of Australia (RBA). According to the ASX’s RBA Rate Indicator tool, …

Market Brief: Risk Rally Relaxes into the Close

View our guide on how to interpret the FX Dashboard. Risk-on trading was the theme of the day amidst ongoing optimism over US-China trade and data that suggested Europe’s economy was stabilizing, though some of the optimism faded by the end of the US session. FX: The US dollar was the strongest major currency on the …

RBNZ may get Its Cue from RBA Tomorrow

New Zealand releases its employment data on Wednesday with expectations for the Employment Change for Q3 to rise 0.3% from an increase of 0.8% in Q2.  Next week, the RBNZ will meet and will decide whether they should cut key overnight interest rates or leave them on hold at 1.0%.  But for the RBNZ, its …

Weekly and Monthly Bearish Engulfing Candles Appear On DXY – But Just How Grizzly Are They?

The USD index (DXY) presented traders with a bearish engulfing candle on both the weekly and monthly chart by Friday’s close. So, will this bearish pattern live up to its grizzly name in the weeks ahead? As of Friday, it was DXY’s most bearish close since January 2018. Yet key support around 97 previously highlighted …

Market Brief: Risk On Extends As US Considers Tariff Rollback

View our guide on how to interpret the FX Dashboard FX Brief: AUD is today’s strongest major after RBA held rates. AUD/JPY is the biggest mover of the session and its daily range has spanned 95% of its 10-day ATR – given it remains beneath key resistance, we may need another catalyst for risk-on to break higher. …

RBA Holds, Yet Aussie Upside Remains Clouded By Resistance | AUD/USD, AUD/JPY, EUR/AUD

RBA held rates as expected, yet the easing bias remains despite talk of a ‘gentle turning point’. Going into today’s meeting, expectations for a cut were low at just 7% according to the RBA Rate Indicator. But then they had cut rates three times over four meetings, and policy changes can take many months before …

Market Brief: Trade Deal Optimism Lifts Equities

View our guide on how to interpret the FX Dashboard FX Brief: Volumes were lighter due to the public holiday in Japan today. NZD is the strongest major on the announcement that New Zealand has concluded its negotiations to upgrade their free trade deal with China. NZDCAD is today’s biggest gainer, and its daily range …

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