forex news feed

23 Oct 2021

22 Oct 2021

Gold Price Forecast: XAU/USD up for the second consecutive week above $1,790 after Powell comments
United States CFTC S&P 500 NC Net Positions: $67.6K vs previous $98.8K
Australia CFTC AUD NC Net Positions up to $-76.1K from previous $-87.6K
United States CFTC Oil NC Net Positions rose from previous 404.8K to 429.6K
United Kingdom CFTC GBP NC Net Positions rose from previous £-12K to £1.6K
Japan CFTC JPY NC Net Positions declined to ¥-102.7K from previous ¥-76.6K
United States CFTC Gold NC Net Positions rose from previous $185.5K to $193.3K
European Monetary Union CFTC EUR NC Net Positions increased to €-12.1K from previous €-18.4K
Pound Sterling Price News and Forecast: GBP/USD: Time for a meaningful downside correction? Covid and US GDP eyed
EUR/GBP clings to gains above 0.8450 as Brexit woes cloud the GBP again
WTI bounces up to approach highs near $84.00
S&P 500 slides as Jerome Powell admits inflation could last longer
USD/CHF remains weak, with upside attempts capped below 0.9170
United States Monthly Budget Statement below forecasts ($-60B) in September: Actual ($-62B)
GBP/JPY clings to 156.00 on retreat from 158.20 highs
EUR/USD retreats from 1.1655 highs, steady around 1.1625 after Fed’s Powell comments
United States Baker Hughes US Oil Rig Count fell from previous 445 to 443
Silver Price Analysis: XAG/USD dives to $24.22 on Fed Powell’s comments
Gold Price Forecast: XAU/USD dives below $1,800 after Powell’s speech
AUD/USD slides below 0.7500 on Chairman Powell remarks
Russia: Looking at a 50bps hike in December with the key rate at 8% by year-end – TDS
USD/CAD rises toward 1.2400 as USD strengthens on Powell’s remarks
USD/JPY dips further to hit session lows near 113.50
Nextplay Technologies Inc (NXTP Stock) priming to move higher
Canada: Retail sales roared back in August then took another breather in September – CIBC
Powell speech: I do think it's time to taper; not time to raise rates
GBP/USD breaks below 1.3800 on mixed UK data, ahead Fed's Powell
Powell speech: High inflation will likely last well into next year
EUR/USD: Not see much upside given the ECB’s message is unlikely to be supportive – MUFG
Gold Price Forecast: XAU/USD soars and hits one-month highs above $1810
EUR/NOK to oscillate around 9.70 as krone set to take a breather – ING
Digital World Acquisitions Corp (DWAC) explodes 246% in second session after Trump deal
USD/CAD: BoC's tapering announcement not enough to drive a new CAD rally – ING
AUD/USD: Decelerating inflation to dampen the aussie as reinforces RBA's dovish stance – ING
US: Markit Services PMI improves to 58.2 in October vs. 55.1 expected
EUR/USD remains bid and approaches 1.1650
US: Markit Manufacturing PMI edges lower to 59.2 in October vs. 60.3 expected
United States Markit PMI Composite above forecasts (54.7) in October: Actual (57.3)
United States Markit Services PMI registered at 58.2 above expectations (55.1) in October
United States Markit Manufacturing PMI below forecasts (60.3) in October: Actual (59.2)
Snap Stock News and Analysis: After 20%-plus plunge, where is the support for SNAP?
S&P 500 Index opens flat, tech shares underperform
USD/JPY set to stage a big upmove through 115.00 – ING
USD/CAD: Break below 1.2320 to open up the 1.2288 key support – Scotiabank
USD/TRY and another all-time high around 9.6500
EUR/USD Price Analysis: Next on the upside comes 1.1670
S&P 500 Index to challenge psychological barrier at 4600/06 – Credit Suisse
EUR/USD to struggle to surpass the 1.1650 area – Scotiabank
USD/CAD off lows, still in the red below mid-1.2300s
Gold Price Forecast: XAU/USD bulls target $1,820 after the breakout – Confluence Detector
USD/MXN to head back higher toward the 21.60 March high – SocGen
Wake Up Wall Street (SPY) (QQQ): With highs for stocks, oil and yields, something has got to give
Gold Price Forecast: XAU/USD bulls looking to seize control near $1,800 mark
Canada: Retail Sales rise by 2.1% in August vs. 2% expected
Canada Retail Sales ex Autos (MoM) meets forecasts (2.8%) in August
Canada Retail Sales (MoM) came in at 2.1%, above expectations (2%) in August
Pound Sterling Price News and Forecast: GBP/USD eases further after downbeat UK Retail Sales
EUR/CHF: Scope for a nosedive to the 1.05 level – Credit Suisse
FuelCell Energy Stock Price and Forecast: Is FCEL stock fuelling up for another move higher?
GBP/USD remains confined in a range around 1.3800 mark
Tesla Stock Price and Forecast: TSLA heads for all-time highs
Silver Price Analysis: XAG/USD sits near multi-week tops, just below mid-$24.00s
LCID Stock News: Lucid Group Inc rebounds as Tesla earnings pulls up EV stocks
US Dollar Index Price Analysis: The 93.50 area holds the downside… for now
NIO Stock Forecast: Nio Inc gains once again as Tesla quarter lifts EV stocks
Mexico 1st half-month Core Inflation registered at 0.33% above expectations (0.19%) in October
Mexico 1st half-month Inflation came in at 0.54%, above expectations (0.51%) in October
BABA Stock Price: Alibaba Group inches higher as Singles Day Season kicks off with a bang
Eurozone long-term inflation gauge hits 2% for first time since 2014 – Reuters
EUR/JPY Price Analysis: Still room for a test of 2021 highs
AUD/USD retakes 0.7500 mark amid weaker USD
Russia Interest rate decision above forecasts (7.25%): Actual (7.5%)
Apple Stock Price and Forecast: AAPL talks over battery supplies for EV stall-Reuters
USD/KRW set to recover towards the recent high of 1200/10 – SocGen
USD/CAD flirts with session lows, below mid-1.2300s ahead of Canadian/US data
China's Evergrande: Cannot guarantee will continue to meet financial obligations
GBP/JPY clings to modest gains above 157.00 mark, lacks follow-through
EUR/NOK: The risk is to the upside over next couple of months – Nordea
EUR/USD regains traction and re-visits the 1.1640 area
USD/JPY to suffer a retracement towards support at 113.30 – SocGen
USD/RUB: Scope for a rebound towards the 71.50 June low – SocGen
BOE rate hike on November 4 is no longer fully priced - Reuters
EUR/GBP pares intraday gains post-Eurozone/UK PMIs, up little around 0.8435 area
USD/CNH risks a drop to 6.3525 – UOB
Gold Price Forecast: XAU/USD eyes $1801 as the next bullish target – Confluence Detector
UK Preliminary Services PMI unexpectedly jumps to 58.0 in October vs. 54.5 expected
Hong Kong SAR Consumer Price Index registered at 1.4%, below expectations (3%) in September
United Kingdom Markit Manufacturing PMI above forecasts (55.8) in October: Actual (57.7)
United Kingdom Markit Services PMI above forecasts (54.5) in October: Actual (58)
NZD/USD climbs to fresh session tops, 0.7200 back in sight
Selling of USD to remain modest until there is further clarity on Evergrande’s position – MUFG
Eurozone Preliminary Manufacturing PMI beats estimates with 58.5 in October
European Monetary Union Markit PMI Composite came in at 54.3, below expectations (55.2) in October
European Monetary Union Markit Manufacturing PMI came in at 58.5, above expectations (57) in October
European Monetary Union Markit Services PMI registered at 54.7, below expectations (55.5) in October
US Dollar Index resumes the downside and approaches 93.60
GBP/USD sticks to neutral bias, around 1.3800 despite weaker UK Retail Sales
USD/JPY set to ease back to uptrend at 113.41 – Commerzbank
GBP/USD: Retail Sales disappoint, more weak data to dampen BoE's hike expectations and sterling – MUFG
German Preliminary Manufacturing PMI improves to 58.2 in October vs. 56.5 expected
USD/JPY now seen within the 113.20-114.70 range – UOB
Germany Markit Services PMI came in at 52.4, below expectations (55) in October
Germany Markit Manufacturing PMI above expectations (56.5) in October: Actual (58.2)
Germany Markit PMI Composite came in at 52, below expectations (54) in October
EUR/USD: Worse than expected PMI to place renewed downward pressure on the euro – MUFG
Natural Gas Futures: Extra range bound on the cards
EUR/JPY runs out o steam ahead of the 134.12 June high, eyes a decline to 127.94/50 – Commerzbank
Is it time to back Warren Buffet to steer through current uncertainty? [Video]
France Markit PMI Composite in line with forecasts (54.7) in October
France Markit Services PMI came in at 56.6, above forecasts (55.5) in October
France Markit Manufacturing PMI came in at 53.5, below expectations (54) in October
USD/JPY struggles for direction, holds steady around 114.00 mark
USD/CHF eyes further losses towards the2020-2021 uptrend at 0.9081 – Commerzbank
AUD/NZD may slips to 1.03 before surging higher towards 1.06 by year-end – Westpac
AUD/USD to suffer some further near-term slippage – Commerzbank
NZD/USD set to advance nicely amid rising globlal inflation – ANZ
Forex Today: Dollar consolidates Thursday's gains as focus shifts to PMI data, Fedspeak
EUR/CHF at new year lows, scope for a free-fall to the 1.0505 2020 trough – Commerzbank
FX option expiries for October 22 NY cut
Gold Price Forecast: XAU/USD to push above stiff resistance at $1795
UK Retail Sales unexpectedly drop by 0.2% MoM in September vs. 0.5% expected
United Kingdom Retail Sales ex-Fuel (YoY) came in at -2.6%, below expectations (-1.7%) in September
United Kingdom Retail Sales ex-Fuel (MoM) came in at -0.6%, below expectations (0.2%) in September
United Kingdom Retail Sales (YoY) below expectations (-0.4%) in September: Actual (-1.3%)
United Kingdom Retail Sales (MoM) below forecasts (0.5%) in September: Actual (-0.2%)
USD/CHF: Options market turns most bearish since early September
Copper Price Analysis: Consolidates biggest daily losses in four months
AUD/USD Price Analysis: Buyers face strong resistance near 0.7550
AUD/USD: A breach of 0.7440 could allow for further losses – UOB
Crude Oil Futures: Deeper pullback in the pipeline
AUD/JPY regains 85.00 as market fears abate
GBP/USD is still seen breaking above 1.3850 near term – UOB
Gold Futures: Further gains seem likely
Asian Stock Market: Advances on Evergrande's optimism, higher Japan’s PMI
Palladium Price Analysis: XPD/USD regains $2,000 inside 21-DMA, 50-DMA range
EUR/USD: Upside bias lost traction – UOB
USD/INR Price News: Indian rupee adds to weekly gains below 75.00 on cautious optimism
Netherlands, The Consumer Spending Volume increased to 5.8% in August from previous 4.8%
Gold Price Forecast: XAU/USD advances toward $1,790 amid softer USD
USD/CNH Price Analysis: Thursday’s Doji keeps sellers hopeful
NIO Stock Forecast: NIO Inc struggles around $40 despite the rebound
GBP/USD eases below 1.3800 amid steady USD, UK Retail Sales eyed
EUR/USD: Inflation fears defend bears above 1.1600, Eurozone, US PMIs eyed
Q3 Earnings Report Recap: Tesla, Netflix, Johnson & Johnson, Proctor and Gamble
RBA defends bond yield target for the first time in eight months
USD/TRY Price Analysis: Bulls remain in full swing, jump all-time high above 9.5530
China’s SAFE: A breach of 6.4 yuan per dollar this week was normal, driven by market force
ECB could raise rates earlier than expected – Reuters poll
China’s SAFE: Yuan, cross-border capital flows remain basically stable
AUD/USD pokes 0.75 as Melbourne unlock, Evergrande news combat inflation fears
Trading breakout with high reward to risk in Ancom Bhd (ANCOM) — more upside ahead [Video]
US Presi. Biden: Confident on getting a deal on key spending proposals
China pledges to keep property curbs, Evergrande risk seen limited
NZD/USD bounces back towards 0.7200 on USD pullback
USD/INR Price News: Indian Ruppe bulls stepping in as US yields and dollar firm
Pound Sterling Price News and Forecast: GBP/USD struggles to extend pullback from monthly high
Fed’s Williams: Longer-run inflation expectations are in line with the central bank’s 2% goal
China Evergrande makes $83.5 million bond interest payment
USD/CNY fix: 6.4032 vs the estimate 6.4030
EUR/GBP defends 0.8400 ahead of critical EU/UK data
EUR/USD coming up for a breath of air in support
S&P 500 Futures pare losses as inflation woes battle US stimulus hopes, China news
Silver Price Analysis: XAG/USD defends $24.00 on mixed technical signals
AUD/USD Price Analysis: Bears target break of 0.7450 and eye 0.7430s
NZD/JPY Price Analysis: Upside move capped at 82.50, dip buyers could emerge around 81.00
Japan Jibun Bank Manufacturing PMI above forecasts (51.4) in October: Actual (53)
USD/CHF stays below 0.9200 amid risk-off mood, US PMI eyed
GBP/USD wobbles around 1.3800 on Brexit, inflation chatters, UK Retail Sales, PMIs eyed

23 Oct 2021

Shiba Inu has more room to consolidate before SHIB bulls prepare for next explosive rally