Economist at UOB Group Lee Sue Ann checks out the latest RBA event (Tuesday). Key Quotes “The Reserve Bank of Australia (RBA), as expected, decided to
EUR/USD fades Tuesday’s decent advance and shift its focus back to the downside and to a potential re-test of the 1.2000 neighbourhood. Despite the on
The Institute of Supply Management (ISM) will release the Non-Manufacturing Purchasing Managers' Index (PMI) - also known as the ISM Services PMI at 1
Jens Weidmann, European Central Bank (ECB) Governing Council member and Bundesbank President, said on Wednesday that the ECB's Pandemic Emergency Purc
Money markets are pricing a 10 basis points rate increase by the Bank of England (BoE) by September 2022 following British Finance Minister Rish Sunak
The USD/CAD pair rallied over 60 pips from weekly lows and jumped to fresh daily tops, beyond mid-1.2600s during the early North American session. The
Senior Economist Julia Goh and Economist Loke Siew Ting at UOB Group evaluate the Malaysian export sector. Key Quotes “Since US-China trade tensions a
DXY failed to move further north of the 91.00 mark on a more serious note on Wednesday, retreating to the negative territory after clinching multi-wee
A sudden pickup in the USD demand dragged the GBP/USD pair to the lower end of its daily trading range, around the 1.3940 region during the early Nort
Canada Building Permits (MoM) above expectations (3.5%) in January: Actual (8.2%)
Having soared through the 1.40 level in the latter half of last month the GBP/USD pair has suffered a setback. Jane Foley, Senior FX Strategist at Rab
Employment in the US' private sector increased by 117,000 in February, the monthly data published by the Automatic Data Processing (ADP) Research Inst
United States ADP Employment Change registered at 117K, below expectations (177K) in February
British finance minister Rishi Sunak is delivering his budget statement to parliament on Wednesday. Key takeaways as summarized by Reuters "Will not r
The USD/CHF pair caught some fresh bids on Wednesday and has now moved back closer to near four-month tops touched in the previous session. A fresh le
British finance minister Rishi Sunak is delivering his budget statement to parliament on Wednesday. Key takeaways as summarized by Reuters "This budge
British finance minister Rishi Sunak is delivering his budget statement to parliament on Wednesday. Key takeaways as summarized by Reuters "I will do
The S&P 500 Index remains capped at its near-term downtrend at 3910/15 and further consolidation should be allowed for ahead of a resumption of the co
Gold maintained its offered tone through the mid-European session and refreshed daily lows, around the $1721 region in the last hour. The XAU/USD came
The recent rise in real rates may have a negative impact on inflation and growth, European Central Bank (ECB) Governing Council member Pablo Hernandez
EUR/JPY adds to the recent recovery and briefly tested weekly highs in the mid-129.00s, just to shed some ground afterwards. If bulls remain in contro
The AUD/USD pair spent the Asian session trading in a narrow band and came under modest bearish pressure ahead of the American session on Wednesday. A
The USD/JPY pair shot to fresh multi-month tops during the mid-European session, with bulls now looking to build on the momentum further beyond the 10
Brazil Gross Domestic Product (QoQ) came in at 3.2%, above expectations (2.8%) in 4Q
Brazil Gross Domestic Product (YoY) came in at -1.1%, above expectations (-1.6%) in 4Q
United States MBA Mortgage Applications rose from previous -11.4% to 0.5% in February 26
GBP/USD has been advancing to 1.40 amid a calmer market mood. UK Chancellor Sunak's budget and progress on US stimulus hold the keys to the next moves
UOB Group’s Head of Research Suan Teck Kin, CFA, and Senior Economist Alvin Liew assess the US outlook. Key Quotes “The recent US Treasury yields surg
The European Union's budget rules should remain suspended in 2022 but they could be reinstated in 2023, the European Commission said on Wednesday, as
British finance minister Rishi Sunak told ministers that they are borrowing on an extraordinary scale, British Prime Minister Boris Johnson's spokesma
Gold (XAU/USD) has sold off to the 55-month moving average at $1707, between here and the $1653 uptrend, the yellow metal should stabilise, in the vie
The NZD/USD pair closed the first two days of the week in the positive territory and edged higher to a daily top of 0.7305 on Wednesday. However, the
The USD/JPY consolidates its latest gains, trading near this year high at 106.95 and poised to break higher as better market mood provides support, Va
The USD/CAD pair momentarily dropped below the 1.2600 mark and refreshed weekly lows during the first half of the European session. Against the backdr
The EUR/CHF pair maintains a major base after the recent breakout above 1.0916/15 and analysts at Credit Suisse look for a break above 1.1098/1111 to
The European currency manages to leave behind the recent weakness and pushes EUR/USD back to the proximity of the 1.2100 neighbourhood on Wednesday. E
Inflation in Germany is now seen "just somewhat" higher than Bundesbank's December forecast of 1.8%, Jens Weidmann, European Central Bank (ECB) Govern
European Monetary Union Producer Price Index (MoM) registered at 1.4% above expectations (1.2%) in January
European Monetary Union Producer Price Index (YoY) came in at 0%, above expectations (-0.4%) in January
The GBP/USD pair refreshed weekly tops during the early European session, with bulls now awaiting a sustained move beyond the key 1.4000 psychological
According to strategists at Credit Suisse, rising real yields should put further pressure on gold. XAU/USD has already seen an important break of supp
ECB said to see no need for drastic action to curb bond yields – Bloomberg developing story ....
The UK services sector activity fell short of expectations in February, the final report from IHS Markit confirmed this Wednesday. The seasonally adju
United Kingdom Markit Services PMI below forecasts (49.7) in February: Actual (49.5)
The AUD/USD pair held on to its modest gains through the early European session and was last seen hovering near weekly tops, around the 0.7830 region.
Several OPEC+ members reportedly in favor of keeping output unchanged – Reuters more to come ...
The US-based ratings agency, Fitch Ratings, announced upward revisions to its gold price forecast for 2021 and 2022, in its updated outlook. Key takea
FX Strategists at UOB Group noted USD/CNH faces further upside while above the 6.4900 level in the short-term horizon. Key Quotes 24-hour view: “USD t
NZD/USD has performed strongly in the first two months of the year, extending a strong finish to the previous year and now to levels last seen in 2018
The US Dollar Index (DXY), which gauges the greenback vs. a bundle of its main competitors, manage to regain come buying interest and advance to the 9
European Monetary Union Markit PMI Composite came in at 48.8, above expectations (48.1) in February
European Monetary Union Markit Services PMI registered at 45.7 above expectations (44.7) in February
Italy Gross Domestic Product (QoQ) came in at -1.9%, above expectations (-2%) in 4Q
Italy Gross Domestic Product (YoY) in line with expectations (-6.6%) in 4Q
Germany Markit Services PMI came in at 45.7, below expectations (45.9) in February
Germany Markit PMI Composite came in at 51.1, below expectations (51.3) in February
Gold witnessed some selling during the early European session and refreshed daily lows, around the $1727 region in the last hour. The precious metal f
France Markit PMI Composite above forecasts (45.2) in February: Actual (47)
France Markit Services PMI came in at 45.6, above forecasts (43.6) in February
Italy Markit Services PMI above expectations (46) in February: Actual (48.8)
Hong Kong SAR Retail Sales came in at -13.6%, below expectations (-8.4%) in January
USD/JPY keeps the constructive stance unchanged and could extend the upside momentum above the 107.00 level in the next weeks, noted FX Strategists at
Brent Crude Oil stays on course for the 2020 high at $71.75, despite the current pullback, strategists at Credit Suisse appraise. Key quotes “Brent Cr
Silver reversed a modest intraday dip and climbed to the top end of its daily trading range, around the $26.75-80 area during the early European sessi
USD depreciation is set to resume as the global economic recovery gains momentum in the view of economists at CIBC Capital Markets who forecast the US
Spain Markit Services PMI above forecasts (43) in February: Actual (43.1)
Although a shift to higher interest rates is noteworthy, historically, rising rates coupled with rising inflation may actually suggest better performa
The USD/CHF pair is breaking higher and further corrective upside is likely towards the 0.9296/0.9322 region, economists at Credit Suisse inform. Key
FX option expiries for Mar 3 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.1900 1.0b 1.2000 1.4b 1.2150 863m -
EUR/USD has been recovering amid temporary market calm. But, expected strong US figures, stimulus progress and America's vaccine ramp-up are set to bo
WTI (futures on NYMEX) has turned positive for the first time in four days on Wednesday, as the corrective pullback from yearly highs of $63.71 seems
France Budget: €-21.856B (January) vs €-178.1B
Since the independent Danish interest rate hike in March 2020, EUR/DKK has moved from above 7.470 to the current level around 7.436. In February the D
The USD/CAD pair edged lower during the early North American session on Wednesday and dropped to the 1.2600 neighbourhood, or weekly lows set on Tuesd
The Brazilian real remains increasingly a domestic story, and fiscal uncertainty leaves us looking for a retest of the 5.8076 30 October 2020 highs in
Switzerland Consumer Price Index (YoY) came in at -0.5%, below expectations (-0.3%) in February
Switzerland Consumer Price Index (MoM) registered at 0.2%, below expectations (0.4%) in February
The AUD/USD pair takes rounds to 0.7830 after bouncing from the 55-day moving average at 0.7715. However, the latter remains exposed, according to Kar
Gold staged a goodish rebound from eight-month lows touched earlier on Tuesday and finally settled with modest gains for the first time in six session
German Chancellor Angela Merkel is expected to agree on a gradual lifting of the coronavirus curbs when she meets with the regional leaders later on W
The USD/JPY pair held on its intraday gains through the early European session on Wednesday and was last seen trading near daily tops, around the 106.
Norway Current Account: 9.28B (4Q) vs previous 9.91B
Turkey Producer Price Index (MoM) down to 1.22% in February from previous 2.66%
Turkey Producer Price Index (YoY) rose from previous 26.16% to 27.09% in February
Turkey Consumer Price Index (MoM) registered at 0.91% above expectations (0.7%) in February
Turkey Consumer Price Index (YoY) came in at 15.61%, above forecasts (15.39%) in February
Here is what you need to know on Wednesday, March 3: Markets are relatively calm on Wednesday after the dollar was on the back foot on Tuesday, a resu
Gold (XAU/USD) has returned to the red zone, as the US dollar appears to have found its feet after Tuesday’s corrective decline. The US dollar is atte
In light of advanced prints from CME Group for natural gas futures markets, open interest increased for the second consecutive session on Tuesday, thi
NZD/USD is now seen navigating within the 0.7230-0.7360 for the time being, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “We expect
CME Group’s preliminary readings for crude oil futures markets noted open interest went down by nearly 25.5K contracts on Tuesday. On the other direct
The European Union (EU) aims to increase the COVID-19 vaccine production capacity to two to three billion doses per year by the end-2021, the bloc’s I
FX Strategists at UOB Group suggested Cable could now move into a consolidative phase between 1.3860 and 1.4070 in the next weeks. Key Quotes 24-hour
Traders added nearly 1.5K contracts to their open interest positions in gold futures markets on Tuesday, reversing at the same time three consecutive
In opinion of UOB Group’s FX Strategists, further retracements in EUR/USD appears to have lost some traction in the near-term. Key Quotes 24-hour view
EUR/GBP prints mild gains while struggling to keep the bulls hopeful around 0.8660 during the pre-European session on Wednesday. The pair becomes key
The Bank of Japan (BOJ) board member Goushi Kataoka is back on the wires now, via Reuters, noting that the recent US yield rise partly reflects hopes
USD/INR holds lower ground near 73.12, down 0.20% intraday, amid the initial Indian session on Wednesday. In doing so, the quote drops for the third c
EUR/USD is flatlined below 1.2100, consolidating Tuesday’s sharp rebound from four-week lows of 1.1992. The bulls take a breather, gathering pace in o
GBP/USD stays sluggish as taking rounds to the 1.3950-65 trading range, currently around 1.3960, while heading into the London open on Wednesday. The
AUD/USD takes rounds to 0.7830 amid the early Wednesday. The pair recovered so far during the week before pausing the run-up off-late. In doing so, th
The People’s Bank of China (PBOC) is likely to change its monetary policy stance towards containing macro leverage ratios this year in a departure fro
Asian equities stay firmer despite Wall Street’s downbeat performance as Australia’s GDP and risk-positive signs from the US and the UK favor risks du
Gold (XAU/USD) is consolidating its solid recovery from multi-month troughs on Wednesday, as the upbeat market mood weighs on the traditional safe-hav
GBP/JPY refreshes intraday high with 149.20 figures during the early Wednesday. In doing so, the quote justifies high hopes from today’s UK budget, ba
The Goldman Sachs analysts believe that the US inflation is likely to edge higher in the coming month before subsiding by the year-end. Key quotes For
After a brief consolidative stint in early Asia, USD/JPY has regained poise, now heading back towards the seven-month highs of 106.96 reached Tuesday.
GBP/USD trims prior gains while declining to 1.3955, down 0.08% intraday, during Wednesday’s Asian session. In doing so, the quote fizzles Tuesday’s b
The Bank of Japan (BOJ) must lower both short and long-term policy interest rates via ramping up purchases of Japanese government bonds (JGBs), the ce
A private gauge of China's services-sector activity released a few minutes before press time showed a slowdown in the pace of expansion in February. S
Further to the earlier analysis, Gold Price Analysis: Bulls to take control to $1,760 to complete bearish 4-hour W-formation, the price is consolidati
NZD/USD stays unaffected during its three-day upbeat, currently around 0.7300, following China’s weaker-than-expected data amid Wednesday’s Asian sess
China's Caixin services PMI for February came in at 51.5 vs. 52.0 last, which showed that the business activity grew at the slowest pace in ten months
China Caixin Services PMI down to 51.5 in February from previous 52
S&P 500 Futures seesaw around 3,870, up 0.10% intraday, during early Wednesday. In doing so, the risk barometer fades the early-Asian bullish bias ami
Australia’s Treasurer Frydenberg warns global stimulus threatens financial stability – FT more to follow ....
EUR/USD looks north, having defended the 100-day Simple Moving average (SMA) support on Tuesday with a green long-tailed candle – evidence of dip dema
The People's Bank of China (PBOC) has set the yuan reference rate at 6.4565 versus Tuesday's fix at 6.4625.
As per this week's ''The Watchlist: GBP/JPY, EUR/USD, CHF/JPY and more setups in the making,'' AUD/CAD is making its way towards the forecasted target
Ireland Purchasing Manager Index Services: 41.2 (February) vs 36.2
USD/CAD fades bounce off weekly lows while easing to 1.2630 during Wednesday’s Asian session. In doing so, the quote fizzles the early Asia recovery m
The bid tone around the Aussie dollar strengthened, pushing AUD/JPY higher by 15 pips to 83.66 after Australia reported an upbeat Gross Domestic Produ
AUD/USD takes the bids near 0.7835 following upbeat Aussie Q4 GDP print during Wednesday’s Asian session. The quote also benefits from risk recovery a
Australia's fourth-quarter national accounts have been released where Gross Domestic Product was expected to have risen by 2.5% QoQ taking year-ended
Hong Kong SAR Nikkei Manufacturing PMI up to 50.2 in February from previous 47.8
Japan Jibun Bank Services PMI: 46.3 (February) vs 46.1
Australia Gross Domestic Product (QoQ) above expectations (2.5%) in 4Q: Actual (3.1%)
Australia Gross Domestic Product (YoY) above forecasts (-1.8%) in 4Q: Actual (-1.1%)
Silver refreshes intraday low to $26.67, currently around $26.72, in a pullback move during Wednesday’s Asian session. In doing so, the quote fizzles
Further to the start of the week's analysis, EUR/JPY Price Analysis: Bulls seeking daily upside continuation, the price has indeed got over the initia
United Kingdom BRC Shop Price Index (YoY): -2.4% (January) vs previous -2.2%
New Zealand ANZ Commodity Price down to 3.3% in February from previous 3.6%
Having recently battled the Reserve Bank of Australia’s (RBA) monetary policy meeting updates, without much noise, AUD/USD traders are now gearing up
AUD/JPY fades the early week's corrective pullback while stepping back to 83.43, despite keeping the bullish chart formation, during the initial Asian
Gold prices extend the early-week recovery while picking up bids around $1,739 amid the initial Asian session on Wednesday. In doing so, the yellow me
GBP/USD is currently consolidating around the 1.3950 mark amid thin trading volumes with the Wednesday Asia Pacific session yet to get into full flow.
Further to the start of the week's analysis, NZD/CHF Price Analysis: Bulls look to 0.6820 in a trend continuation playbook, the price has indeed print
As per the latest news from the Financial Times (FT), the UK’s Chancellor of Exchequer Rishi Sunak is up for extending the furlough scheme from April-
Australia Commonwealth Bank Composite PMI: 53.7 (February) vs previous 54.4
Australia Commonwealth Bank Services PMI fell from previous 54.1 to 53.4 in February
While announcing the fresh contracts to provide with the coronavirus (COVID-19) vaccines, US President Joe Biden sounds upbeat during the late Tuesday
US equity markets sold off in the final hour of trade, with the S&P 500 dropping to fresh session lows in the 3870s to close the session down 0.73%, t