Forex News

September 26, 2020
Gold Price Analysis: Downside more compelling for XAU/USD in the NFP week ahead – Confluence Detector
Gold (XAU/USD) shed about 4.5% in the past week, delivering a weekly closing below the August month low of $1863. The yellow metal booked the first weekly loss in three, with the risks skewed to the downside in the US Non-Farm Payrolls (NFP) week ahead.   The persistent haven demand for the US dollar, in…
September 26, 2020
Fitch affirms UK at ‘AA-‘; Outlook negative
Late Friday, the US-based Fitch Ratings affirmed the UK’s sovereign credit rating at 'AA-' with maintaining a negative Outlook. Key takeaways “The Negative Outlook reflects the impact the coronavirus pandemic is having on the UK economy and the resulting material deterioration in the public finances, with Fitch forecasting the fiscal deficit to materially widen this…
September 25, 2020
USD/JPY Price Analysis: The pair looks to be heading right back into the middle of the range
USD/JPY trades 0.18% higher on Friday and 1% higher on the week. There was a strong rejection of 104.00 to the downside. USD/JPY daily chart USD/JPY does not seem to like trading below 104.00 as there seems to be a quick recovery as soon as the level is pierced. The key level on the chart…