Forex News

January 23, 2021
ECB’s Rehn calls yield curve control nonsensical for euro area
The European Central Bank (ECB) Governing Council member Olli Rehn dismissed yield curve control as a tool to enhance the financing conditions in the euro area while speaking in an interview on Finland’s YLE TV1. Key quotes (via Bloomberg) Yield curve control “would be a rather mechanical approach” to the question of financing conditions, and “not sensible” given…
January 23, 2021
UK ministers to discuss tighter travel curbs – BBC
In order to discuss further tightening of the travel restrictions, the British ministers are likely to meet on Monday, the BBC News reported on Saturday. The government could announce a 10-day quarantine period in a hotel for incoming travelers, for which they would have to pay, the BBC said. This comes after Prime Minister Boris…
January 23, 2021
Gold Price Analysis: Recapturing $1857 is critical for XAU/USD in the FOMC week ahead – Confluence Detector
Gold (XAU/USD) fell 1% on Friday as risk-off mood and stellar US Markit Manufacturing PMI boosted the US dollar. Despite the decline, the yellow metal managed to close the week above the $1850 level, booking the first weekly gain in three weeks. Expectations of a massive US fiscal stimulus under the Biden administration kept the…
January 22, 2021
Wall Street Close: Major Indices pull back from record levels in defensive finish to the week
Major US equity bourses closed the final trading day of the week in the red. A number of factors were cited as being behind the more defensive equity market tone. Stocks were given a mild boost following much stronger than anticipated preliminary January US Markit PMI numbers. Major US equity bourses closed the final trading…
January 22, 2021
AUD/USD drops back towards 21DMA just above 0.7700 handle
AUD/USD trades above lows of the day set during the European morning just above 0.7700. Soft retail sales and a risk-off market vibe weighed on the Aussie on Friday. AUD/USD is consolidating just above lows of the day that were set during the European morning just to the north of the 0.7700 level. Helping the…