FXTM Forex Market News

2021-05-26 12:33:17 We’ve had a plethora of Fed members on the wires already this week and although they have been known doves, it is clearly evident that the Fed is very much in “patient” mode. Of course, they are “talking about talking about tapering” as San Francisco Fed President Daly said yesterday, but inflation is still described as “transitory” and it’s not about doing anything now or in the short term. Much will depend on the data flow and the next few job reports with this Friday’s new inflation data no doubt grabbing some headlines, with forecasters expecting personal consumption prices to rise to the... Read More (https://www.forextime.com/market-analysis/fed-officials-singing-same-sheet) Open / Comment

2021-05-26 12:33:17 Open / Comment

2021-05-26 12:33:16 Fed officials singing from the same sheet
https://www.forextime.com/market-analysis/fed-officials-singing-same-sheet Open / Comment

2021-05-25 16:43:38 Amazon Prime Video is beefing up for the streaming wars.

According to Bloomberg, Amazon could announce a deal to snap up the Metro-Goldwyn-Mayer movie studio (the one with the roaring lion as its mascot) by today. The deal could be worth nearly US$9 billion for the stable of content belonging to the film studio, which includes popular franchises such as James Bond, Robocop, and Rocky.

Media reports on this potential takeover have lifted Amazon’s stock prices, having gained in three of the past 4 sessions. Yet, looking at the longer-term trend, the stock is in need of a bigger catalyst... Read More (https://www.forextime.com/market-analysis/trade-week-amazon-announce-mgm-purchase) Open / Comment

2021-05-25 16:43:38 Open / Comment

2021-05-25 16:43:38 Trade of the Week: Amazon to announce MGM purchase?
https://www.forextime.com/market-analysis/trade-week-amazon-announce-mgm-purchase Open / Comment

2021-05-25 11:57:26 Asian markets flashed green on Tuesday while US futures rose after technology shares led gains on Wall Street overnight.

As a chorus of Fed officials reiterated that the recent pickup in inflation would be transitory, investor fears were soothed about rising prices forcing higher interest rates. US equity bulls rejoiced on this development, encouraging buying in expensive growth stocks in sectors such as technology.

While these comments have lifted risk sentiment and offered support to stock markets, concerns still linger over the Fed taking action sooner, rather than later if... Read More (https://www.forextime.com/market-analysis/risk-sentiment-improves-inflation-fears-ease) Open / Comment

2021-05-25 11:57:26 Open / Comment

2021-05-25 11:57:26 Risk sentiment improves as inflation fears ease
https://www.forextime.com/market-analysis/risk-sentiment-improves-inflation-fears-ease Open / Comment

2021-05-24 19:09:52 It was a dull start to the trading week for G10 currencies.

Other than the flicker of action witnessed on the Norwegian Krone and New Zealand Dollar, it pretty much felt like watching paint dry on a rainy day.

After looking at the paltry intraday gains (below), we decided to identify potential technical setups in the week ahead.

As of writing,


NZDUSD = +0.49%
USDNOK = -0.43%
USDDKK = -0.31%
EURUSD = +0.30%
AUDUSD = +0.22%
USDJPY = -0.21%
USDCHF = -0.14%
USDCAD = -0.12%
GBPUSD = +0.10%
USDSEK = -0.05%


One thing that’s strikes out is the fact... Read More (https://www.forextime.com/market-analysis/technical-outlook-g10-currencies-standby-0) Open / Comment