Forex News

14:30
August 14, 2020
Gold remains on the defensive, around $1945 area
Gold edged lower on Friday amid optimism over the US economic recovery and COVID-19 vaccine. A combination of factors extended some support and helped limit any deeper losses, at least for now. Investors now look forward to a crucial weekend meeting between the US and Chinese trade officials. Gold extended its sideways consolidative price action…
14:30
August 14, 2020
US Justice Department: Disrupted multi-million dollar fuel shipment by Iran bound for Venezuela
The US Department of Justice (DOJ) announced on Friday that the US disrupted a multi-mullion dollar fuel shipment by Iran's Revolutionary Guard bound for Venezuela. Additional takeaways from the statement "Executed a seizure order by a US court and confiscated cargo totalling approximately 1.116 million barrels of petroleum from four vessels." "After enforcement of the…
14:15
August 14, 2020
US: UoM Consumer Sentiment Index improves modestly to 72.8 in August
Consumer sentiment in the US improved modestly in July.  US Dollar Index stays deep in the negative territory a little above 93.00. The Consumer Sentiment Index in the US improved slightly from 72.5 in July to 72.8 (preliminary) August, the University of Michigan's latest Surveys of Consumers showed on Friday. This reading came in better…
14:15
August 14, 2020
US Dollar Index survives above 93.00, focus on U-Mich
DXY loses momentum but keeps business above 93.00 so far. US headline Retail Sales expanded 1.2% MoM during July. Flash Consumer Sentiment came in at 72.8 for the month of August. The US Dollar Index (DXY), which gauges the buck vs. a bundle of its main competitors, remains on the defensive near the 93.00 mark…
14:15
August 14, 2020
Philly Fed survey: US Q3 unemployment rate seen at 10.0% vs. previous forecast of 12.9%
The US economy is expected to expand by 19.1% in the third quarter, the Federal Reserve Bank of Philadelphia's latest survey showed on Friday. This figure followed a 10.6% growth forecast announced in the previous survey. Additional takeaways "Us Q4 GDP growth seen at +5.8% vs previous forecast of +6.5%." "Payrolls seen growing average 2,068,600/month in…
14:00
August 14, 2020
S&P 500 Index opens little changed after mixed US data
S&P 500 is posting small daily losses on Friday. Retail Sales in US rose less than expected in July. S&P 500 Real Estate Index trades in the positive territory. Wall Street's main indexes started the day little changed on Friday as investors assess the latest macroeconomic data releases from the US. As of writing, the S&P…
14:00
August 14, 2020
Gold Price Analysis: Eyeing two upside targets as a busy week draws to an end – Confluence Detector
Gold has been extending its recovery in a relatively quiet fashion after a turbulent week that saw a surge before a drop. XAU/USD has shown its resilience to the most recent rise in US bond yields, providing encouragement for the bulls. The Technical Confluences Indicator is showing that gold has substantial support at $1,932, which is the meeting…
13:45
August 14, 2020
UK: Latest coronavirus growth rate between -1% to -4%
The latest COVID-19 infection growth rate for the whole United Kingdom (UK) is between -1% and -4%,  the British Health Ministry reported on Friday, as reported by Reuters. The 'R estimate' for the UK currently stands between 0.8 and 1. The UK government further noted that they are starting to see early indications that coronavirus R and…