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Technical Forex News

EUR/USD technicals are bearish short term

EUR/USD is trading at 1.3411, down -0.21% on the day, having posted a daily high at 1.3445 and low at 1.3404. EUR/USD short-term technicals are bearish and recent consolidation likely to give way to further downside.

Majors

GBP/USD looking hopeless; 1.6920 key risk

GBP/USD is trading at 1.6937, down -0.27% on the day, having posted a daily high at 1.6997 and low...

Currencies

USD/CAD jumps to test 1.0850

The US dollar is trading higher against its Canadian counterpart following the better than expected...

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Fundamental News

S&P affirms ratings on Australia at ‘AAA/A−1+

S&P rating agency notes that Australia benefits from monetary, fiscal policy stability, adding that real per capita GDP growth is set to average 2.9% 2014-17, and that Australia has the ability to absorb economic and financial shocks...

US: Consumer Confidence soars to 90.9 in July

US Consumer Confidence, released on Tuesday by the Conference Board showed an increase to 90.9 in...

Central Banks

BoE's Broadbent: Pickup in global growth would strengthen UK recovery

BoE Deputy Governor Ben Broadbent said on Tuesday in London that a strengthening of global growth...

Equities

Wall Street rises, US dollar hit fresh highs

Despite moving off session highs, US stocks were rising on Tuesday, ahead of key economic data and...

Commodities

Gold drops sharply from 1−week highs

Gold reversed sharply and tumbled from 1-week highs at $1,312 to $1,296 reaching the lowest price...