Forex News

18:00
August 14, 2020
WTI looks to settle below $42 after Baker Hughes data
WTI falls for the second straight day on Friday. US drillers cut oil and gas rigs to record low for 15th week. China has reportedly ramped up its US oil purchases. Crude oil prices remained on the back foot on Friday and the barrel of West Texas Intermediate (WTI) was last seen losing 1.2% on the…
17:30
August 14, 2020
USD/ZAR seen moving higher linked to negative developments in Turkey – MUFG
Analysts at MUFG Bank, point out the South African rand (ZAR) has become more closely linked to the performance of the Turkish lira (TRY) providing in a proxy. They maintain a long USD/ZAR trade idea with a target at 18.400. Key Quotes: “The ZAR has become more tightly linked to negative developments in Turkey, and…
17:30
August 14, 2020
S&P 500 top movers: DXC Technology Co (DXC) gains more than 4% as top-performer
S&P 500 Index stays little changed in Friday's quiet market action. DXC Technology Co (DXC) shares rise after company filed for debt shelf. Sempra Energy (SRE) loses more than 2% as the biggest decliner. Wall Street's main indexes trade little changed in choppy Friday trade and the S&P 500 Index was last seen gaining 0.05%…
17:15
August 14, 2020
Mexico: Banxico strikes again a remarkably and warranted dovish tone – BBVA
On Thursday, the Bank of Mexico, as expected, cut the monetary policy rate by 50 basis points to 4.5%. According to the Research Department at BBVA, Banxico’s notably dovish tone alongside a widening negative output gap backdrop points to further interest rate cuts. They continue to expect a further 150bp of cuts, taking the policy…
17:00
August 14, 2020
EUR/USD: Turkey and changing COVID risks could trigger a deeper correction – MUFG
.Analysts at MUFG Bank, keep a trading idea of shorting the EUR/USD pair with a target at 1.1600 and a stop loss at 1.1950. They consider that the situation in Turkey and changing dynamics regarding the coronavirus could trigger a deeper correction lower.  Key Quotes: “It is short-term tactical trade to reflect the increasing risk…
16:45
August 14, 2020
US Pres. Trump: Directed Mnuchin to get ready to send direct payments to all Americans
US President Donald Trump said on Friday that he has directed Treasury Secretary Steven Mnuchin to "get ready to send direct payment" to all American. Trump further added, via Twitter, that the payment would be $3,400 for a family of four and said that Democrats are "holding this up." "I am ready to have the…
16:45
August 14, 2020
China: Growth recovery extended but demand side still lagged – BBVA
On Friday, key economic data was released in China. Economic activity indicators of July including industrial production, fixed asset investment and retail sales all pointed that growth recovery extended in the second half of the year, noted analysts at BBVA. However, they warn the demand side still lagged behind the supply side. Key Quotes:  “Economic…
16:30
August 14, 2020
Atlanta Fed’s GDPNow climbs to 26.2% for Q3 after US data
The real gross domestic product (GDP) in the United States is expected to grow by 26.2%, up sharply from 20.5% on August 7th, in the third quarter of 2020, the Federal Reserve Bank of Atlanta's latest GDPNow report showed on Friday. "After this week’s data releases by the US Bureau of Labor Statistics, the US Department of the Treasury's Bureau of…
16:30
August 14, 2020
USD/MXN at two weeks lows, about to break below 22.00
Mexican peso among top performers on Friday after Banxico meeting. USD/MXN weakens further during the American session as Wall Street turns positive. The USD/MXN is trading at the lowest level in two weeks at the 22.00 area. It is falling for the fourth consecutive day as the Mexican peso outperforms on Friday following a rate cut…