Forex News

23:30
September 22, 2020
USD/CAD Price Analysis: Eases from monthly ascending channel’s resistance
USD/CAD licks its wounds after stepping back from six-week top the previous day. Overbought RSI conditions, pullback from channel resistance suggest further consolidation. The mid-August high can offer immediate support, bulls may target August 07 peak on defying the channel pattern. USD/CAD seesaws around 1.3300 during the initial Asian session on Wednesday. The loonie pair…
23:30
September 22, 2020
USD/CNH Price Analysis: Bears seeking bearish environment for daily impulse to 6.7200
USD/CNH is showing signs of a bearish impulse on the daily chart during weekly accumulation phase.  Bears looking for bearish conditions to develop below the 21 moving average on the 4-hour time frame.  USD/CNH is on the verge of a technical sell-off in what appears to be a fresh impulse developing on the daily time…
23:15
September 22, 2020
Gold Price Analysis: XAU/USD licks its wounds around $1,900
Gold pulls back from $1,898.57 after two consecutive days of downside. Broad US dollar strength becomes the key catalyst. Virus woes, Sino-American tussle continues to offer background music to global central bankers’ dovish songs. A busy day ahead as Japan returns from extended weekend and monthly PMIs are up for a grab. Following its uninterrupted…
22:30
September 22, 2020
UK Chancellor Sunak weighs up German-style wage subsidies to replace furlough scheme – The Guardian
During late-Tuesday, The Guardian relied on the business and industry sources to convey UK Chancellor Rishi Sunak’s inclination to follow Germany while seeking replacement of the furlough scheme. Key quotes The sources said the Treasury had decided, at the eleventh hour, to delay an announcement timed for Wednesday that would have extended the availability of…
22:00
September 22, 2020
Tailwind to equities next week – JP Morgan
In its latest research piece, JP Morgan highlights the importance of the monthly and quarterly position rebalancing to suggest bright spot for global equities during the next week. Key quotes Equities have underperformed bonds month-to-date (but outperformed quarter-to-date) (by -5%). A large majority of these portfolios rebalance on a monthly rather than quarterly frequency. Historically, the…
22:00
September 22, 2020
AUD/JPY Price Analysis: MACD turns most bearish in three months ahead of the key day
AUD/JPY stays pressured near the seven-week low, extends bearish move established since September 14. 100-day EMA can offer immediate support during further declines. 23.6% Fibonacci retracement and July low may restrict further downside. Preliminary readings of September month Aussie CBA PMIs, Retail Sales are in the spotlight. AUD/JPY drops to 75.20 during the early Wednesday…