Forex News

Today's FXStreet Newswire

The latest news that can have the most noticeable market impact

April 3, 2020
US Dollar Index Price Analysis: DXY ends the week in green, above the 100.00 handle
US dollar index (DXY) recouped some of the losses incurred last week.  The level to beat for buyers is the 101.00 resistance.   DXY weekly chart   DXY is trading in a bull trend above the main weekly SMAs on the weekly chart as this week the market recouped some of the losses incurred last…
April 3, 2020
US ISM non-manufacturing: A less-bad fall than many feared – Wells Fargo
Data released on Friday showed the ISM non-manufacturing index dropped in March just to 52.5, a reading significantly above expectations and still in expansion territory. Analysts at Wells Fargo, argue the index got a boost from delayed deliveries and that but business activity at 48.0 is a less-bad fall than many feared. Key Quotes:  “Part…
April 3, 2020
USD/CAD: Worst is not over yet for CAD – MUFG
Analysts at MUFG Bank, point out that significant oil production cuts would only dampen downside risks for the Loonie (CAD). They consider USD/CAD could test the recent top.  Key Quotes: “The CAD like other oil-related currencies has been hit hard by the twin negative shock from COVID-19 and the collapse in the price of oil….