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Daily Market News

Cable falls to session low as November Brexit summit is reportedly ruled out

12-Nov-2018 at   03:20:23 pm

Cable is lower by 1.1% today to a low of 1.2828 ForexLive It's been a painful day for the pound as it is getting crushed alongside hopes of a Brexit deal. GBP/USD is heading towards a test of support from the September low @ 1.2786 but considering how expectations of a Brexit deal is quickly vanishing, it'll


The pound is the major driver in currencies today

12-Nov-2018 at   01:52:39 pm

The pound's downfall is what led to the dollar's outperformance ForexLive As mentioned earlier, the dollar may be leading the charge after EUR/USD broke below 1.1300 but it's the pound that is the number one driver in the currencies market today. The weakness in the quid due to Brexit woes led to a fall in the currency,


The Canadian dollar is quietly outperforming today

12-Nov-2018 at   01:37:13 pm

USD/CAD is basically flat on the day trading at 1.3210 ForexLive Friday's run higher failed to hold a daily break above the September high @ 1.3226 and that remains the key resistance level that is keeping the pair from breaking higher today. But the failure for buyers to retest the key level is more to do with


USD/CHF rises to highest level since April 2017 as dollar extends gains on the day

12-Nov-2018 at   01:23:27 pm

The dollar continues to beat down the rest of the major bloc ForexLive The greenback is pulling further ahead on the session here after EUR/USD breaks below the 1.1300 handle. If you want to look at how major currencies are performing today, the pound's weakness is the main catalyst as the drop in the pound has led


EUR/USD falls below 1.13 for the first time since June 2017

12-Nov-2018 at   11:44:41 am

Stops taken out, quick move lower ForexLive Blink and you miss it. We're at 1.1269 now. As earlier, on days like these, markets tend to be a little jumpy as thin liquidity makes it all the more likely to see price extension below key levels. But the bigger question is can it last?


EUR/USD heads towards another test of bids near 1.13

12-Nov-2018 at   10:58:35 am

Option-related bids near 1.1300 to provide additional support ForexLive It's going to be a very trick day for EUR/USD. Not because we're nearing a test of a key support level but more so the fact that we're closing in on that level in what will be a couple of sessions with thin liquidity. On days like these,


Cable nears 1.29 as Brexit woes weigh on the pound

12-Nov-2018 at   10:46:38 am

GBP/USD touches a low of 1.2901 on the day ForexLive It's been a continued march lower for cable since breaking below the 100-hour MA (red line) last week as buyers failed to maintain the near-term bullish bias as Brexit headlines continue to give sellers a reason to come back into picture.


USD/CAD nears the September high (update: it breaks)

09-Nov-2018 at   09:50:58 pm

Watch out for stops Ten days in a row of oil declines along with an additional $43 spread on Western Canada Select is disastrous for Canadian oil producers, who are selling at $17 per barrel.


Cable falls to the lows of the day after Jo Johnson's resignation

09-Nov-2018 at   09:38:48 pm

Cable below 1.30 In the middle of the week it looked like a Brexit deal was at hand. Today there are more problems on the Irish border and the resignation of Jo Johnson.


Gold falls most since October 8. Nears the Halloween low

09-Nov-2018 at   06:44:45 pm

Gold sinks again Gold is down for the sixth straight day as the uncertainty from the US election fades. Technically, it's approaching a key short-term level. With today's $12 fall to $1212, gold is now on the precipice of the October 31 low of $1212.01.


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