Forex News

13:45
August 14, 2020
GBP/USD refreshes weekly tops, inching closer to mid-1.3100s
GBP/USD caught some fresh bids on Friday and was supported by a combination of factors. The latest optimism over the upcoming Brexit talks extended some support to the sterling. The USD remained depressed amid uncertainty over the next round of the stimulus measures. The GBP/USD pair continued scaling higher through the early North American session…
13:30
August 14, 2020
US: Industrial Production expanded by 3% in July as expected
Industrial Production in the US rose 3% in July as expected. Capacity Utilization improved more than expected in the same period. Industrial Production in the United States expanded by 3% on a monthly basis in July, the Federal Reserve reported on Friday. This reading followed June's increase of 5.7% (revised from 5.4%) and came in…
13:30
August 14, 2020
EUR/USD flirts with session highs near 1.1830
EUR/USD gains further momentum and prints daily highs. US Retail Sales expanded 1.2% MoM during July. US Industrial Production expanded 3.0% MoM during last month. Further weakness in the greenback is helping EUR/USD to advance to the area of daily highs above 1.1830. EUR/USD focused on data, USD-dynamics EUR/USD is now posting gains for the…
13:15
August 14, 2020
US Retail Sales: Robust figures to risk critical stimulus, causing a crash moving forward
US retail sales beat expectations on almost all measures. Upbeat retail sales figures – alongside other robust statistics – are good news on their own, but they could eventually become bad news by discouraging politicians from acting, according to FXStreet’s analyst Yohay Elam.  Key quotes “V-shaped recovery – that is what retail sales figures for…
13:15
August 14, 2020
USD/JPY drops to fresh daily lows near 106.50 after US data
USD/JPY extends its daily slide in the early American session. Retail Sales in the US rose less than expected in July. US Dollar Index loses traction, edges lower toward 93.00. The USD/JPY pair came under renewed bearish pressure in the early American session on Friday as the USD lost its strength after the latest macroeconomic…
13:00
August 14, 2020
EUR/JPY on the defensive near 126.00 ahead of US data
EUR/JPY fades the earlier uptick to the 126.50 area. EMU’s flash Q2 GDP came in at -12.1 QoQ, in line with consensus. US Retail Sales expanded 1.2% MoM in July. The renewed buying interest in the Japanese safe haven is forcing EUR/JPY to give away initial gains near 126.50 and retreat to the 126.00 neighbourhood…
13:00
August 14, 2020
USD/CAD eases from tops, up little around 1.3230-35 region post-US retail sales
USD/CAD staged a modest recovery from multi-month lows set on Thursday. The USD struggled to preserve its early gains and kept a lid on any strong gains. Friday’s mixed US retail sales figures failed to provide any meaningful impetus. The USD/CAD pair held on to its modest gains through the early North American session, albeit…