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The dollar has trended lower since Federal Reserve Chairman Jerome Powell indicated last week that interest rate increases were still a long way away, falling to a low of 91.775 on Friday, the weakest since June 28. An Institute for Supply Management report on Monday showed July U.S. manufacturing growth slowed for the second straight month, a release that played into Powell’s belief that more economic progress was needed before the central bank started tapering its huge bond-buying program.

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03 Aug, 2021 / 02:58

It’s a relatively quiet day ahead on the economic calendar. The RBA delivers its August policy decision later this morning, which will be the main event of the day, however.

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03 Aug, 2021 / 02:13

By Gina Lee

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03 Aug, 2021 / 00:24

Canada is becoming an increasingly viable alternative to the U.S. dollar making it more important in the forex market.

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02 Aug, 2021 / 21:05

GBP/USD Current price: 1.3885 The UK Marking Manufacturing PMI improved to 60.4 in July. Tensions related to the Northern ...

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02 Aug, 2021 / 20:23

EUR/USD Current Price: 1.1868 Markit upwardly revised its Manufacturing PMIs for the EU and Germany. The official US ISM ...

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02 Aug, 2021 / 20:20

By Yasin Ebrahim

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02 Aug, 2021 / 16:21

USD/CAD managed to settle above 1.2480 and is trying to settle above the resistance level at 1.2500.

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02 Aug, 2021 / 16:10

The First Trust Lunt US Factor Rotation ETF is seeing unusually high volume in afternoon trading Monday, with over 778,000 shares traded versus three month average volume of about 47,000. Shares of FCTR were up about 0.6% on the day.

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02 Aug, 2021 / 16:08

The National Institute of Economic and Social Research said that inflation would soar to almost double the Bank of England's target rate in early 2022.

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02 Aug, 2021 / 15:01

After the Fed, the bearish sentiment in the USD/MXN has just grown up. Now, the pair looks ready to tackle down the 19.80 area and extend declines to 19.70-75. Below there, 2021 lows wait at 19.55.

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02 Aug, 2021 / 14:47

The British pound initially tried to rally during the course of the trading session on Monday but gave back early gains to form a less than impressive candlestick. At this point, we are sitting on the 50 day EMA and asking questions of the overall trend.

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02 Aug, 2021 / 13:42

The Euro has rallied a bit during the course of the trading session on Monday, to continue the bullish pressure that we had seen previously. That being said, the market looks as if it is starting to test resistance.

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02 Aug, 2021 / 13:36

The Australian dollar initially gapped just a touch lower to kick off the week, but then turned around to rally back into the middle of the consolidation area.

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02 Aug, 2021 / 13:32

According to Markit's monthly PMI, raw material, staff and skill shortages were all major factors stymieing output growth and contributing to a further marked increase in input purchasing.

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02 Aug, 2021 / 08:58

Sterling edged higher on Monday versus the dollar, ahead of a Bank of England meeting later in the week, as global risk tone improved on optimism for the U.S. infrastructure bill. Prospects of the U.S. bill passing provided support for riskier assets like the pound and stocks, said Jeremy Stretch, head of G10 FX strategy at CIBC Capital Markets. The BoE's Monetary Policy Committee, which meets on Thursday, is expected to keep its foot firmly pressed on the stimulus pedal.

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02 Aug, 2021 / 08:53

UK aerospace and defence company Meggitt is to be taken over by US rival Parker Hannifin in a £6.3bn deal.

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02 Aug, 2021 / 08:15

EUR/USD is trying to get above the resistance level at 1.1880.

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02 Aug, 2021 / 07:19

GBP/USD is testing the resistance level at 1.3900.

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02 Aug, 2021 / 06:55

The direction of the AUD/USD on Monday is likely to be determined by trader reaction to .7352.

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02 Aug, 2021 / 05:52

The dollar edged lower Monday, just above a one-month low, in tight trading ranges ahead of the release of key U.S. employment data later in the week which could influence Federal Reserve policy. The dollar index dropped close to 1% last week after Fed Chairman Jerome Powell stated, following the central bank’s July meeting, that interest rate increases were still a long way away and more economic progress was needed, particularly in terms of jobs being created, before the central bank started tapering its huge bond-buying program. Fed board member Lael Brainard restated the central bank's focus on further labor market progress at the weekend, while Minnesota Fed President Neal Kashkari warned that the spread of the delta variant of Covid-19 could slow the economy in the second half.

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02 Aug, 2021 / 03:05

By Gina Lee

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02 Aug, 2021 / 00:39

The past week's earnings have set the market stage with large tech companies such as Apple, Google, and Microsoft beating earnings estimates. With that said, prices look to be waning not only in the large tech companies, but in the overall market.

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01 Aug, 2021 / 13:30

Economic data and monetary policy will be in focus in the week ahead. Both the RBA and the BoE are in action. Expect FOMC member chatter to also draw attention.

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31 Jul, 2021 / 23:35

GBP/USD Current price: 1.3967 The UK reported 31,117 new coronavirus cases in the last 24 hours. Broad dollar’s weakness ...

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29 Jul, 2021 / 21:06