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Latest FX news

GBP/USD sticking to recent highs ahead of UK CPI reading
Pound buyers are enjoying some Brexit relief as PM May and the EU's Michel Barnier appear set to begin working together towards a solution.UK inflation data due early Wednesday could derail buying opportunities.The GBP/USD is testing into 1.3150 ... Read more
about 17 hours ago
EUR/USD: Inverse head-and-shoulders breakout may remain elusive on rising US-DE yield spread
The EUR/USD has charted an inverse head-and-shoulders pattern with a neckline hurdle at 1.1713.The pair may have a hard time scaling the neckline resistance, courtesy of the widening two-year and 10-year US-DE (Germany) yield spread.The daily chart of ... Read more
about 17 hours ago
GBP/USD recovering from early risk slump
Markets are keeping one foot in safe havens as the US launches another volley of China tariffs.With the UK calendar empty until Wednesday, Brexit is the meaningful data point for traders this week.The GBP/USD is popping into 1.3160 ... Read more
about 2 days ago
EUR/USD: Defends 100-day MA support, focus on Draghi and stock markets
EUR/USD defended 100-day moving average (MA) support in Asia, likely due to conciliatory comments from China's commerce minister.A bigger rally above 1.17 could be on the cards if ECB's Draghi plays down risks arising out of trade wars and the stock markets ... Read more
about 2 days ago

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