Forex News

Today's FXStreet Newswire

The latest news that can have the most noticeable market impact

19:00
September 30, 2020
S&P 500 drops as McConnell states Republicans and Democrats are far apart of virus relief
The S&P 500 has taken a turn for the worst as the rug is pulled from under the bulls relying on Congressional progress relating to a further stimulus bill. In recent trade, the US Senate Majority Leader Mitch McConnell said that Republicans and Democrats are still very far apart on how much to spend on another coronavirus…
19:00
September 30, 2020
S&P 500 top movers: Duke Energy Corp (DUK: NYSE) shares gain more than 7%
S&P 500 Index is up more than 1% on Wednesday. Duke Energy Corp (DUK: NYSE) is the top performer of the day. Micron Technology Inc (MU: NASDAQ) falls sharply on price target cuts. The S&P 500 Index (SPX) started the last day of September in the positive territory and preserved its bullish momentum on renewed…
18:45
September 30, 2020
GBP/USD has a great day as Haldane comments and Brexit hopes boost the pound
GBP/USD trades 0.44% higher as Brexit news boosts the price. Next stop the psychological 1.30 level which has been tricky in the past. Fundamental backdrop Cable has been moving higher on Wednesday as the latest headlines out of the Brexit negotiations are positive. It was early on in the EU session when EU's Cheif Brexit…
18:30
September 30, 2020
EUR/USD bullish prospects are fraying and the US dollar is on the verge of ‘Wave-5’
EUR/USD bears assemble in supply territory with a focus on the downside. The euro's bullish fundamental backdrop is fraying. Positive US data gives the dollar and Wall Street bulls the greenlight. EUR/USD is currently trading at 1.1725 having lost grip of a 1.1755 high in supply territory. The single currency has been pulled into question…
18:00
September 30, 2020
Fed’s Bowman: Path to recovery will be bumpy, uneven
The recent data suggest that the US economy is recovering at a rapid pace, Federal Reserve Governor Michelle Bowman said on Wednesday but further noted that unemployment is still quite high, as reported by Reuters. Additional takeaways "Continued monetary and targeted fiscal policy support will likely be needed." "Path to recovery will be bumpy, uneven." "Asset…
17:45
September 30, 2020
WTI looks to settle with strong gains near $40
WTI erased a large portion of Tuesday's losses. Weekly EIA data showed crude oil stocks in the US declined by 2 million barrels. OPEC output rose by 160,000 bpd in September. After suffering heavy losses on Tuesday, crude oil staged a decisive rebound and the barrel of West Texas Intermediate (WTI) touched a daily high…
17:30
September 30, 2020
AUD/USD Price Analysis: The price is heading to a firm resistance zone at 0.7200
AUD/USD has been pushing higher since the middle of the EU session. The pair is still 0.25% lower on Wednesday but is coming up to a critical point. AUD/USD 4-hour chart AUD/USD has been very sensitive to the risk environment recently. When stocks perform the Aussie dollar recovers and vice versa when stocks take a dive….
16:45
September 30, 2020
Silver Price Analysis: XAG/USD rejects $24.50 and looks vulnerable for another move lower
Silver has moved 1.66% lower on Wednesday despite a mixed DXY performance. There is lots of traffic above the current price level at the moment. Silver 4-hour chart Silver prices have bounced off the consolidation low to make another move lower on Wednesday. The area around USD 24.50 per troy ounce was not the strongest…
16:45
September 30, 2020
Gold Price Analysis: XAU/USD retreats after hitting one-week highs above $1900
Gold flat for the day, still testing the $1,900 zone. Weaker US dollar and risk appetite support upside in metals. The recovery in gold after last week sharp decline continues to be capped by the $1,900/oz area. Recently, boosted by a slide of the US dollar, XAU/USD rose to $1,902 reaching the highest level in…