Forex News

EUR/USD – Key Technical Levels To Watch Today

EUR/USD has surely been an adventurous ride for traders in the past few weeks. While the trend has mostly been bearish with the market dropping down to around 1.09, a level that was last seen in the first half of...

Forex Trading: Technical Analysis (GBPUSD) – October 04, 2019

The Great Britain Pound (GBP) inched higher against the US Dollar (USD) on Friday,  increasing the price of GBPUSD to more than 1.2300. The price of the pair increased after major economic news released. The technical bias may remain bullish...

EU – We Are Not Close To A Deal With The UK

Pound Sterling has been influenced by the events circling Brexit for almost three years now. While there still are other factors in play determining the trend for this currency in the forex market, Brexit has earned a reputation for driving...

U.S Imposes Punitive Tariffs On EU Goods

While much of the world is focused on the U.S – China trade war, not many realize that Trump administration has also waged a tariff war with the European Union (EU) as well. Ever since the case for Airbus receiving...

World GDP Growth Forecasted As The Lowest In 8 Years

As per the Global Economic Outlook (GEO) report by Fitch Ratings for the year 2019, the global economy is experiencing a consistent decline over the past few years. The world economy is likely to take the greatest hit this year...

Interesting Financial Events To Unfold On September 27th, 2019

Traders of the financial markets from all over the world are keenly waiting for the significant events to unfold on September 27th, 2019 (Friday). As per the recently released data (07:00 GMT +1) on Friday, German import prices have witnessed...

Uncertainty Prevails In U.S Economic Signals

Approaching the end of the week, the economic signals for U.S dollar ($) have been undecided so far. While the home sales (both new and pending) remained hawkish, a withering (9 points decline) in conference board consumer confidence was manifested...

British pound retains strength following retail sales data

The British pound made steady gains overnight and earlier Thursday in the wake of the Wednesday US Federal Reserve policy meeting and better than expected UK retail sales data. While rates rose, as expected, the central bank kept its outlook...

British pound gives up gains on UK jobs data

The British pound moved lower Wednesday morning, following a disappointing UK jobs report. Sterling had made gains against the dollar earlier, as an electoral win for Democrat Doug Jones in Alabama weakened the Republican’s Senate majority.

British pound gains on near six-year high UK CPI rate

The British pound gained some support earlier Tuesday from official data showing a higher-than-expected increase in the UK’s consumer price inflation rate. However, the UK currency lost a little ground, shortly after the release.

Confirmed Brexit breakthrough boosts British pound

The British pound moved higher earlier Friday, following news an agreement has been struck over the Irish border issue, paving the way for Brexit negotiations to finally move forward to the next phase.

US dollar makes gains on US tax reform bill hopes

The US dollar is holding on to earlier gains mid-afternoon Thursday, as investor sentiment is buoyed by the US government’s efforts to deliver the US tax reform bill to US President Trump, this side of Christmas.

Brexit headlines increase downward pressure on British Pound

Another day, another breaking news Brexit story. Occasionally they offer good news, but not Wednesday. The British pound sank further against the US dollar on the latest revelation that no official impact assessment of Brexit on the UK, exists.

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