The NZD/USD pair came with a touching distance of the 0.65 mark today and renewed its lowest level since October 2018 as the pair came under a renewed
• Over the past few trading sessions, the EUR/USD pair has been trending lower along a short-term descending trend-channel formation on the 1-hourly
GBP/USD daily chart GBP/USD is finding some relief from after the intense selling of the last weeks. The main supports to the downside are at 1.2700 f
United States Redbook Index (MoM): 1.2% (May 17) vs previous 1.3%
United States Redbook Index (YoY) down to 5.2% in May 17 from previous 5.4%
According to Greg Gibbs, analyst at Amplifying Global FX Capital, the currency impact in recent weeks of the trade dispute/Huawei action has been domi
According to Carla Slim, economist at Standard Chartered, the worst may be over for the business cycle of the Turkish economy, but the path to recover
• UK PM May will set out a new proposal for her Brexit deal at 15:00 GMT. • Traders opt to cover short positions in anticipation of a compelling offe
The greenback, in terms of the US Dollar Index (DXY), keeps the bid tone unchanged so far this week above the critical barrier at 98.00 the figure. US
Iraq's Oil Minister Jabar al-Luaibi crossed the wires in the last minutes saying that regional tensions continued to pose challenges to oil markets. "
• After yesterday's intraday pullback and a subsequent rebound from 100-hour EMA, the USD/JPY pair regained positive traction on Tuesday and climbed
British Prime Minister Theresa May's spokesman recently announced that the PM will be setting out the details of the new Brexit offer in a speech toda
Greg Gibbs, analyst at Amplifying Global FX Capital, suggests that the market should be bracing for retaliatory action by the Chinese government again
Atlanta Fed President Raphael Bostic crossed the wires in the last minutes arguing that the inflation in the U.S. was not "so far away" from the Feder
The opposition Labour Party's spokesman McDonnell said that he didn't think Labour lawmakers would back British Prime Minister Theresa May's Brexit of
• Gold finally broke down of its consolidative trading range - forming a bearish continuation rectangle chart pattern and tumbled to fresh two-week l
According to Paul Brand, ITV's poılitical correspondent, British Prime Minister Theresa May will be delivering a statement to lawmakers to the new Bre
The European currency remains unable to sustain any bullish attempt for the time being, leaving EUR/USD vulnerable to further downside. EUR/USD fragil
The AUD/USD pair came under strong bearish pressure during the Asian trading hours and retraced yesterday's modest rebound. After dropping below the 0
• Easing US-China trade tensions dampen safe-haven demand and helped regain traction. • A modest pickup in the USD remained supportive; subdued US bo
EUR/JPY continues to trade within a broad consolidative theme around the 123.00 handle, although a surpass of this important hurdle still remains elus
Carsten Brzeski, chief economist at ING, suggests that Germany is heading towards another make-it-or-break-it election on 26 May and the fate of the G
• The GBP/JPY cross struggled to register any meaningful recovery and remained well within the striking distance of three-month lows set on Friday. •
With the commodity-sensitive loonie gathering strength on the back of rising crude oil prices, the USD/CAD pair closed the first day of the week...
Bill Diviney, senior economist at ABN AMRO, points out that Japan’s Q1 GDP surprised to the upside at 2.1% qoq annualised, well above consensus (-0.2%
The sell off i the British Pound is lending extra wings to EUR/GBP to the boundaries of the key barrier at 0.800 the figure. EUR/GBP probes the 200-da
• The JPY’s relative safe-haven demand recedes on easing US-China trade tensions. • A modest pickup in the USD demand remained supportive of a mildly
United Kingdom CBI Industrial Trends Survey - Orders (MoM) below forecasts (-5) in May: Actual (-10)
In view of Karen Jones, analyst at Commerzbank, gold has once again sold off its nine month uptrend line at 1273, and this is starting to look exposed
Portugal Current Account Balance: €-1.591B (March) vs previous €-1.408B
The European Central Bank (ECB) Vice President Luis de Guindos told a conference in London, the Europeans banks must build extra capital buffers to mi
• Investors seemed convinced that May’s Brexit deal will not pass through the UK parliament. • Speculations over May’s replacement with a pro-Brexit
Karen Jones, analyst at Commerzbank, explains that the USD/JPY pair remains under pressure following its recent key week reversal from the 112.46 2015
The Paris-based Organization for Economic Co-operation and Development (OECD), in its latest economic outlook on the global economy released this Tues
The Turkish Lira is prolonging the choppy trade so far this week and is now lifting USD/TRY to the boundaries of the 6.10 mark, where sellers remain c
The renewed upside in WTI (futures on Comex) lost legs in Europe once again near 63.60 levels, as the risk sentiment soured amid escalating US-China t
Danske Bank analysts point out that for the markets, it is noteworthy that the Chinese central bank once again injected cash into the system overnight
Bill Evans, analyst at Westpac, suggests that they are announcing an adjustment to the Australia’s rate profile forecast to bring forward the first cu
Turkey's Central Bank (CBRT) announced on Tuesday that it will restart 1-week Repo auctions after having suspended it for almost two weeks. The Turkis
Greece Current Account (YoY) down to €-1.503B in March from previous €-0.99B
Karen Jones, analyst at Commerzbank, suggests that GBP/USD pair remains on the defensive and attention is on the August, October and mid-January lows
Analysts at Standard Chartered note that Singapore’s economy expanded 1.2% y/y, lower than the advance print of 1.3%, as the downward revision in serv
Akio Toyoda, Chairman of the Japan Automobile Manufacturers Association, said that the Japanese automobile makers lobby were extremely disappointed by
EUR/USD daily chart EUR/USD Overview Today last price 1.1154 Today Daily Change 28 Today Daily Change % -0.13 Today daily open 1.1168 Trends Daily SMA
• Easing US-China trade tensions dampen safe-haven demand and exert fresh pressure. • Rising US bond yields underpin the USD and further collaborate
DXY daily chart Dollar Index Spot Overview Today last price 98.08 Today Daily Change 20 Today Daily Change % 0.13 Today daily open 97.95 Trends Daily
EUR/JPY daily chart EUR/JPY Overview Today last price 122.75 Today Daily Change 42 Today Daily Change % -0.12 Today daily open 122.9 Trends Daily SMA2
Reuters reports the latest comments by the Chinese Foreign Ministry, with the key headlines found below. “Should base the trade deal on equality and m
The UK opposition Labour party MP Emily Thornberry, as reported by ITV's political correspondent - Paul Brand, was noted saying that her party will vo
Lan Shen, economist at Standard Chartered, points out that their latest SMEI survey indicates a further softening in China’s SMEs’ performance in May
The UK Cabinet Minister, Andrea Leadsom was out on the wires in the last hour saying that the UK must be able to negotiate free trade deals after Brex
• RBA’s Lowe hints to a possible rate cut at June policy meeting. • Rising US bond yields underpin USD and add to the selling bias. The AUD/USD pair
According to analysts at TD Securities, the RBA Minutes/Governor speech surprised no-one with a dovish tilt via two triggers for a rate cut (1) spare
Turkey Consumer Confidence: 55.3 (May) vs previous 63.5
Robert Rennie, analyst at Westpac, suggests that Westpac is now forecasting a rate cut from RBA in June and August, versus August and November. Key Qu
The sentiment around the European currency remains subdued in the second half of the month, with EUR/USD now reversing Monday’s uptick and refocusing
Amena Bakr, a Senior Correspondent at Energyintel and Ex-Reuters Energy Correspondent, notes the tentative dates being considered for the OPEC meeting
In view of Karen Jones, analyst at Commerzbank, EUR/USD pair has recently failed at the 55 day moving average at 1.1241 and remains on the defensive.
Advanced figures for JPY futures markets noted open interest rose by 908 contracts at the beginning of the week, at the same time reversing 7 consecut
Denmark Consumer Confidence up to 5.9 in May from previous 3.7
While sustained trading below 61.8% Fibonacci retracement of March month upside portrays GBP/USD weakness, repeated refrain to slip under 1.2700 round
The official results announced by the Indonesia’s General Elections Commission in Jakarta early on Tuesday, showed that Indonesian incumbent Presiden
Open interest in GBP futures markets from CME Group saw investors adding around 7K contracts to their open interest positions on Monday, clinching the
According to Richard Franulovich, head of FX strategy at Westpac, there has been notable divergence in the AUD’s two core drivers lately; yield spread
Danske Bank analysts suggest that in light of another day of only tier-2 data releases, political headlines - be it the US-China trade spat or Brexit
In light of CME Group’s flash data for EUR futures markets, open interest rose for the third session in a row on Monday, this time by nearly 3.1K cont
FX option expiries for May 21 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.1100 680m - USD/JPY: USD amounts 10
Analysts at ANZ note that the Australia’s ANZ-Roy Morgan Consumer Confidence reversed the previous week’s loss as all the sub-indices were positive. K
Shares on Asian bourses remained mostly directionless on Tuesday amid mixed moves by global politics and central banks like the RBA and the Fed.
The US Dollar Index (DXY), which tracks the greenback vs. a bundle of its main competitors, is reversing Monday’s pullback and has retaken the 98.00 n
The mood across the fx board in Asia this Tuesday remained cautiously optimistic, with the US equity futures advancing amid easing concerns over the U
Analysts at ANZ point out that the New Zealand economy has been losing steam for a while now and think that this process has a little further to run.
Gradual recovery from 109.00 seems struggling to clear immediate resistance area as USD/JPY trades near 110.20 ahead of Europe open on Tuesday. Low of
Analysts at TD Securities note that the Atlanta Fed President Raphael Bostic indicated he sees no need to adjust the policy rate and that chances for
ANZ analysts note that the Thailand’s GDP expanded by 2.8% y/y in Q1, the weakest performance in four years. Key Quotes “The decline in exports was a
Bill Evans, analyst at Westpac, notes that the minutes of the May RBA Board meeting confirm that the Board holds a clear easing bias. Key Quotes “This
Netherlands, The Consumer Confidence Adj unchanged at -3 in May
Netherlands, The Consumer Spending Volume increased to 1.1% in March from previous 0.9%
With the recent change in political environments at the UK, the GBP/USD pair is taking the bids near 1.2730 while heading into the London open on Tuesday.
EUR/USD rose 0.10% on Monday, putting an end to the slow five-day losing streak on the back of broad-based USD selling. The greenback lost ground in t
More comments flowing in from the RBA Governor Lowe, as he now responds to the Lowe Q&A following his speech. “We do have an easing bias.” “Will take
With the failure to cross 1.0600 round-figure joining dovish comments from the RBA Governor Stephen Lowe, AUD/NZD drops towards 1.0520/15 support-zone.
The AUD/USD pair dropped to the day’s low near 0.6890 after Governor of the Reserve Bank of Australia (RBA) favored rate cut during early Tuesday.
RBA Gov Lowe: To consider a rate cut at June meeting, Aussie gives up 0.6900
Singapore Gross Domestic Product (QoQ) above forecasts (2.3%) in 1Q: Actual (3.8%)
With a week-long descending trend-line challenging its near-term upside bias, the USD/IDR pair trades near 14,460 during early Tuesday.
New Zealand’s Finance Minister Grant Robertson reportedly said that “it’s time to cheer up the economy.” Nothing further is reported so far. The NZ tr
The Wall Street Journal (WSJ) carries a report, citing that Google has halted its plan to shut out Huawei’s access to the apps. A source familiar with
The minutes of the Reserve Bank of Australia’s May 7 monetary policy meeting released soon before press time said a rate cut would be appropriate if t
The AUD/JPY pair dropped to revisit 76.00 mark after minutes of the Reserve Bank of Australia’s (RBA) latest monetary policy meeting on early Tuesday.
The Reserve Bank of Australia (RBA) published the minutes of its May 7 2019 monetary policy meeting on Tuesday, with the key headlines found below. “R
The US Commerce Department on Monday gave a temporary 90-day license to China’s tech giant Huawei that will allow operations to continue for existing
Japanese Chief Cabinet Secretary Suga was reported by Reuters, as saying that there are ample measures taken to address the tax hike concerns. He adde
The People's Bank of China (PBOC) has set the yuan reference rate at 6.8990 vs Monday's fix of 6.8988.
With the latest warnings concerning the no-deal Brexit likely being a positive signal for the UK PM May’s proposal, GBP/USD trades near 1.2730.
The Bank of Japan (BOJ) Governor Kuroda is on the wires now, via Reuters, making his scheduled appearance in the Japanese parliament in Tokyo. Key Hea
A full-blown US-China trade war will push the world economy toward recession and see the Federal Reserve cut interest rates back to zero within a year
The NZD/USD pair is mildly bid this Tuesday morning in Asia and appears to be creating an inverse head-and-shoulders bullish reversal pattern with the
Even if recent positives portray an upbeat scenario for the AUD/USD pair, a downward sloping trend-line since April 18 question buyers ahead of RBA minutes.
Iran’s President Rouhani was on the wires last minutes, via Reuters, responding to the US President Trump’s latest threat calls on Iran. Rouhani said:
In an interview with Sky News earlier today, the Australian re-elected Prime Minister Scott Morrison said that the parliament may be unable to convene
Gold is seeing little action in Asia, having formed a doji candle on Monday – a sign of indecision in the market place. The yellow metal is currently
With the Japanese traders responding to the recent shift in the US outlook towards China’s Huawei and a bit soft tone for Iran, USD/JPY is on the bids.
Japanese Economy Minister Motegi is on the wires now, via Reuters, noting that Japan and the US will hold working-level trade talks today. No further
Singapore Gross Domestic Product (YoY) came in at 1.2% below forecasts (1.5%) in 1Q
Reuters reports the latest comments delivered by the Japanese Finance Minister Taro Aso on Monday’s GDP data release. Key Points: “GDP at 2.1% and two
The Reserve Bank of Australia (RBA) is up for releasing a minute statement of its May 07 monetary policy meeting at 1:30 GMT on Tuesday.
Additional headlines are crossing the wires from the Fed Chair Powell, as he now responds to the Q and A session. “There will be a high bar to fundame
With the on-going geopolitical tension between the US and Iran continues to entertain energy buyers, WTI is taking the rounds near $63.40 during early Tuesday.
Sky News quotes some sources, as saying Britain’s second-largest steel producer, British Steel, is on the verge of collapse amid growing signs that an
Further comments are out from the Fed Chair Powell, as he continues to speak on the business debt levels. So far he hasn’t touched upon the topic of m
Despite bounce off in late last week, the AUD/JPY pair still remains under three-week-long trend-line resistance as it trades near 76.00 during early Tuesday.
The Federal Reserve (Fed) Chair Powell is on the wires now, via Reuters, making his scheduled speech titled "Assessing Risks to our Financial System"
Forex today remained jittery during the early Asian session on Tuesday as Huawei held the spotlight and the US President Donald Trump commented on Iran.
U.S. President Trump has been crossing the wires, stoking the flames of hostilities towards Iran, saying that the nation would be making a very big mi
Having recovered on the election results during Monday, the AUD/USD pair holds the strength to trade near 0.6910 at the initial Asian session on Tuesday.
With little news so far, NZD/USD is taking the rounds near 0.6530 at the start of Asian trading on Tuesday.
Earlier Tuesday, Reuters came out with advance extracts to the UK finance minister Philip Hammond’s speech to the business leaders and politicians.
Having barred the Chinese telecom giant from doing business with the US firms, 90-day temporary general license was given to the Huawei by the US, Reuters says.
EUR/USD daily chart EUR/USD is trading in a bear trend below its main simple moving averages (SMAs). EUR/USD 4-hour chart EUR/USD is trading below its
South Korea Producer Price Index Growth (MoM) came in at 0.3%, above expectations (0.2%) in April
South Korea Producer Price Index Growth (YoY) registered at 0.6% above expectations (0.5%) in April