Forex News

8:45
July 15, 2020
BOE’s Tenreyro: We are likely to see disinflationary pressures for some time
The Bank of England (BOE) policymaker Silvana Tenreyro, in a scheduled speech on Wednesday, talks about the disinflationary pressures and on further monetary policy action. Key quotes “Headline inflation will continue to weaken in the near term, given a continuing sizeable impact from lower energy prices, and a negative contribution from the recent cut in…
8:45
July 15, 2020
USD/JPY falls below 107.00, next support seen at 106.65 – Credit Suisse
USD/JPY slides below the 107.00 level as the 107.42 resistance remains intact. The pair faces next support at 106.65, as Credit Suisse’s analysts note. Key quotes “USD/JPY remains capped at its downtrend from early June, 13 and 55-day averages and price resistance at 107.32/42.” “Whilst low conviction the immediate risk is seen staying marginally lower…
8:45
July 15, 2020
EUR/USD: Moderna vaccinates the euro to see highest level since March
EUR/USD is trading at its highest level since March, near 1.1440, up 0.35% on the day. The rally comes after Moderna reported progress in developing a coronavirus vaccine, Yohay Elam, an analyst at FXStreet, informs. Key quotes “Massachusetts-based Moderna is moving markets up, and not for the first time. The highly-regarded New England Journal of…
8:16
July 15, 2020
EUR/GBP bounces off lows, turns neutral around 0.9070-75 region
EUR/GBP reversed an early dip to mid-0.9000s amid a pickup in demand for the shared currency. A strong bid tone surrounding the British pound might keep a lid on any strong gains for the cross. Investors might also refrain from placing aggressive bets ahead of the ECB decision on Thursday. The EUR/GBP cross quickly recovered…