Forex News

Traders added nearly 12.6K contracts to their open interest positions in Gold futures markets on Thursday, according to flash data from CME Group. Volume, in the same line, resumed the upside and increased by around 106.7K contracts. Gold seen re-visiting $1,700/oz (and above) Prices of the ounce troy of the precious metal extended the upbeat…

USD/INR’s bull trend stays intact as the quote is printing fresh all-time highs. The level to beat for bulls is the 76.50 resistance.     USD/INR daily chart The USD/INR bull trend stays intact as the spot is hovering just below the 76.50 resistance while buyers want to keep the pressure near all-time highs. A breakout…

Following the meeting with his UK peer on Thursday, Irish finmin P.Donohoe believes the Brexit deadline will remain unchanged. It is worth recalling that the so-called "transition period" is expected to end on December 31, 2020.

EUR/USD is looking to consolidate gains above 1.0900. Immediately to the upside now emerges the 1.0990 barrier. EUR/USD has managed to advance above the key barrier at 1.0900 and clinched fresh weekly tops in the 1.0950/55 band. If the recovery picks up more serious traction, then the next hurdle of relevance is located at late-January…

DXY extends the downside after the rejection from 101.00. Interim support lines up at the 55-day SMA at 98.91. DXY has come under increasing selling pressure following Monday’s tops in the boundaries of 101.00 the figure and after breaching the key support at the 100.00 mark afterwards. If sellers regain the upper hand, then the…

Weekly rebound in EUR/JP met resistance in the 119.00 neighbourhood. Broader side-lined theme expected to prevail for the time being. After printing multi-week lows near 116.50 last week, EUR/JPY managed to regain some buying interest and climbed as high as the 119.00 area, where lost some upside potential. Interim target on the upside emerges at…

The Swiss public health ministry informed that more than 800 people died in Switzerland from the COVID-19 (from 756 in the previous day). In addition, infected cases rose to 24,308 from 23,574.

The Spanish Health Ministry reported that the coronavirus cases increased by 4,576 to 157,022 on Friday from 152,446 reported on Thursday. The death toll rose by 605 to 15,843 on Friday vs. Thursday’s 15,238. The country reported the lowest daily deaths since March 24th.  The daily rate of increase in the new cases and deaths…