The FOMC minutes, of the April 30-May meeting, will be released on Wednesday at 18:00 GMT. At that meeting, the Federal Reserve kept the Fed Funds rat
As the political drama in the UK continues to unfold, more rumours of British Prime Minister Theresa May resigning tonight occupy the newswires.
British Prime Minister Theresa May's spokesman crossed the wires in the last minutes, noting that he was unaware of any specific meetings between the
After closing the previous day below the 0.69 handle on Tuesday, the AUD/USD pair failed to make a meaningful recovery on Wednesday and stays in the n
AUD/USD daily chart AUD/USD is trading in a bear trend below its main simple moving averages (SMAs) as it is trading at multi-month low. The Aussie ha
In its weekly petroleum report for the week ending May 17, the Energy Information Administration announced that the commercial crude oil inventories i
United States EIA Crude Oil Stocks Change above expectations (-0.599M) in May 17: Actual (4.74M)
The U.S. Treasury Secretary Steven Mnuchin crossed the wires in the last minutes saying that President Trump and his Chinese counterpart Xi were likel
• Investors looked past Wednesday’s upbeat Canadian monthly retail sales figures. • A modest pickup in the USD demand/wealer Oil prices extended some
New York Fed President Williams crossed the wires in the last hour arguing that the underlying price trends point to inflation staying around the Fede
Political journalists in the UK report about growing discontent about the Withdrawal Agreement Bill (WAB) that PM Theresa May is set to present to par
Russia Industrial Output came in at 4.9%, above expectations (1.5%) in April
Major equity indexes in the U.S. started the day in the negative territory on Wednesday as investors seem to be opting out to stay on the sidelines wh
• The EUR/GBP cross built on its strong bullish momentum witnessed over the past few weeks and rallied to over three-month tops on Wednesday, levels
Analysts at TD Securities note that despite repeated warnings that Libya could be on the verge of a civil war, with military escalations now approachi
GBP/JPY daily chart GBP/JPY is trading in a bear trend below its main simple moving averages (SMAs). GBP/JPY 4-hour chart GBP/JPY erased the Brexit-re
Prices of the barrel of the American benchmark for the sweet light crude oil are trading on the defensive today, briefly dropping to fresh lows in sub
Additional comments on the U.S.-China trade dispute from the U.S. Treasury Secretary Steven Mnuchin continue to cross the wires with key quotes, via R
According to Amy Yuan Zhuang, analyst at Nordea Markets, Narendra Modi has likely secured five more years in power despite the mixed economic scorecar
Mexico Retail Sales (MoM): -0.2% (March) vs previous 1.2%
Mexico Retail Sales (YoY) fell from previous 1.8% to 1.6% in March
• A modest USD pullback/weaker US bond yields provide a minor lift. • Further escalation in the US-China trade tensions remained supportive. • All ey
Nathan Janzen, senior economist at Royal Bank of Canada, notes that Canadian headline sales jumped 1.1% to build on a 1.0% increase in February, altho
The London-based Evening Standard reports that ministers are plotting to move against UK PM Theresa May. According to the report, ministers, including
British Prime Minister Theresa May's spokesman crossed the wires in the last minutes noting that they were not expecting it to be easy to get enough s
EUR/USD daily chart EUR/USD is trading in a bear trend below its main simple moving averages (SMAs) as the market has been consolidating for the fourt
China's senior diplomat Wang Yi crossed the wires in the last minutes saying that China will "fight to the end" if the U.S. were to use extreme measur
The US Dollar Index (DXY), which gauges the greenback vs. a bundle of its main competitors, has now turned negative for the day below the critical 98.
While speaking to CNBC reporter Ylan Mui ahead of the House Financial Services Committee hearing, Treasury Secretary Steven Mnuchin said there were no
Analysts at TD Securities note that UK’s April inflation came in a tick lower than expected, with core inflation unchanged at 1.8% y/y, while headline
• Canadian retail sales come in better than expected and prompt some fresh selling. • A sharp fall in Oil prices does little to lend any support amid
The data published by Statistics Canada today revealed that retail sales in March rose by 1.1% on a monthly basis in March to beat the market expectat
Canada Retail Sales ex Autos (MoM) came in at 1.7%, above expectations (0.9%) in March
EUR/USD is prolonging the choppy trade so far this week, always navigating the lower bound of the recent range in the mid-1.1100s. EUR/USD now focused
Canada Retail Sales (MoM) registered at 1.1% above expectations (1%) in March
While responding to questions in the House of Commons, British Prime Minister Theresa May announced that the Withdrawal Agreement Bill will be publish
• The British Pound continues to slide in the aftermath of May's new Brexit plan. • Reports suggest Cabinet ministers might force May out of the offi
Supported by the strong rally witnessed in the major equity indexes and the ongoing recovery in the 10-year US Treasury bond yield on Tuesday, the USD
India M3 Money Supply: 10.5% (May 17) vs 10%
Analysts at ABN AMRO point out that Belgium will go to the polls on Sunday 26 May and the polls show that the parties that were in the previous coalit
Analysts at TD Securities suggest that Canadian retail sales are expected to see a large increase (TD: 1.4%, consensus: 1.2%) in March due to a combin
• The USD/CHF pair remained well within a broader trading range held over the past four trading sessions and was once again seen retreating from the
Adding to his earlier dovish comments James Bullard, president of the St. Louis Federal Reserve, said that he would not rule out a rate cut later this
The selling mood around the Turkish Lira is picking up further pace today and pushes USD/TRY to fresh tops in beyond the 6.10 mark. USD/TRY keeps look
British Prime Minister Theresa May is responding to questions from MPs in the House of Commons with key quotes, via Reuters, found below. Allowing the
Canadian retail sales overview Wednesday's economic docket highlights the release of Canadian monthly retail sales report for the month of March, sche
United States MBA Mortgage Applications: 2.4% (May 17) vs -0.6%
After erasing 30 pips on Tuesday, the NZD/USD pair continued to push lower and touched its lowest level since late October at 0.6493 before retracing
According to Reuters, the European Commission said that they were following the events in London closely and patiently following the backlash to Briti
Italian Prime Minister Giuseppe Conte was out on the wires in the last hour saying that the EU policies that had a devastating social impact urgently
The now improved mood in the risk-associated space is pushing EUR/JPY to advance further north of 123.00 the figure. EUR/JPY higher on risk-on pick up
Today, markets are keenly awaiting the release of an all-important May meeting minutes of FOMC, and as we move towards the decision timings, here are
According to analysts at TD Securities, the release of the May FOMC minutes on Wednesday should show a cautious Fed with a majority expecting transito
The increasing selling pressure around the British Pound remains the name of the game so far today and is lifting EUR/GBP to fresh multi-month tops be
James Smith, developed markets economist at ING, notes that the UK’s headline inflation moved above the Bank of England’s 2% target in April with a pr
Germany 10-y Bond Auction down to -0.07% from previous 0.02%
Chinese President Xi Jinping was out with some comments in the last hour saying that we should defeat various domestic, foreign risks and challenges.
• Brexit-related chaos continues to dent sentiment around the British Pound. • The UK consumer inflation figures miss estimates and do little to lend
Bill Diviney, senior economist at ABN AMRO, suggests that the UK Prime Minister May made a last-ditch attempt to sell her Brexit deal to MPs today, ou
Jakob Christensen, chief analyst at Danske Bank, suggests that they are stressing that EUR/USD is in the hands of policy makers. Key Quotes “The curre
The UK Consumer Prices Index (CPI) ticked higher in April and came in at 2.1% yearly rate as compared to 1.9% previous, the Office for National Statis
United Kingdom Producer Price Index - Output (MoM) n.s.a meets forecasts (0.3%) in April
United Kingdom Retail Price Index (YoY) came in at 3%, above expectations (2.8%) in April
United Kingdom Producer Price Index - Input (YoY) n.s.a below forecasts (4.5%) in April: Actual (3.8%)
United Kingdom Consumer Price Index (MoM) below expectations (0.7%) in April: Actual (0.6%)
United Kingdom DCLG House Price Index (YoY) above forecasts (0.9%) in March: Actual (1.4%)
United Kingdom Core Consumer Price Index (YoY) below expectations (1.9%) in April: Actual (1.8%)
United Kingdom Public Sector Net Borrowing below forecasts (£5.1B) in April: Actual (£4.967B)
United Kingdom PPI Core Output (YoY) n.s.a in line with expectations (2.2%) in April
United Kingdom Consumer Price Index (YoY) came in at 2.1% below forecasts (2.2%) in April
United Kingdom Retail Price Index (MoM) above expectations (0.8%) in April: Actual (1.1%)
United Kingdom PPI Core Output (MoM) n.s.a in line with expectations (0.2%) in April
United Kingdom Producer Price Index - Input (MoM) n.s.a came in at 1.1%, below expectations (1.3%) in April
According to Karen Jones, analyst at Commerzbank, USD/JPY’s near term rebound is viewed as corrective only and should terminate ideally around the 50%
Jakob Christensen, chief analyst at Danske Bank, points out that in the UK, Prime Minister Theresa May yesterday proposed to give Parliament a vote on
• A further escalation in the US-China trade tensions underpins JPY’s safe-haven demand. • Some renewed USD buying interest does little to support or
South Africa Consumer Price Index (MoM) came in at 0.6%, below expectations (0.8%) in April
South Africa Consumer Price Index (YoY) registered at 4.4%, below expectations (4.5%) in April
• The selling pressure around the British Pound picked up the pace during the early European session on Wednesday and dragged the GBP/USD pair to ove
Karen Jones, analyst at Commerzbank, suggests that GBP/USD pair has reached support offered by the August, October and mid-January lows at 1.2696/62.
EUR/USD daily chart EUR/USD Overview Today last price 1.1153 Today Daily Change 17 Today Daily Change % -0.08 Today daily open 1.1162 Trends Daily SMA
Sweden Capacity Utilization climbed from previous -0.6% to 0.5% in 1Q
Analysts at Deutsche Bank point out that this evening we’ll get the FOMC minutes from the meeting earlier this month and will be a key release for tod
In an interview with Radio 4, the UK Environment Secretary Gove said that the PM May’s Withdrawal agreement bill will be published later today. This c
DXY daily chart Dollar Index Spot Overview Today last price 98.1 Today Daily Change 12 Today Daily Change % 0.06 Today daily open 98.04 Trends Daily S
China’s Foreign Ministry is out with the latest statement, responding to the US blacklisting of five Chinese surveillance companies. Key Headlines: “C
The UK April CPIs Overview The cost of living in the UK as represented by the consumer price index (CPI) is due later on Wednesday at 0830 GMT. The he
EUR/JPY daily chart EUR/JPY Overview Today last price 123.14 Today Daily Change 45 Today Daily Change % -0.15 Today daily open 123.32 Trends Daily SMA
• A modest USD uptick prompts some fresh selling on Wednesday. • The downside remains cushioned amid US-China trade tensions. • Focus on Wednesday’s
Andrew Hanlan, analyst at Westpac, points out that Australian construction sector experienced a further cooling of conditions in early 2019, with cons
Analysts at TD Securities point out that between May 19 when the polls closed and tomorrow May 23rd when Indian election results are announced, exit p
Japanese Cabinet Secretary Suga crossed the wires again today, via Reuters, making some comments on the planned October sales tax hike. Main Points: “
The latest comments are crossing the wires on the Brexit deal vote from the UK opposition Labour party spokesperson. Key Headlines: “It is sensible fo
The selling pressure around the shared currency remains well and sound so far this week and is now taking EUR/USD to once again test the mid-1.1100s.
• RBA rate cut speculations/disappointing domestic data weigh on the Aussie. • A further escalation in the US-China trade tensions does little to len
According to analysts at Danske Bank, in the Euro area, it's quiet on the data front ahead of 'Super Thursday', but markets will stay tuned for any po
According to Karen Jones, analyst at Commerzbank, EUR/USD remains on the defensive while capped by the 55 day moving average at 1.1238. Key Quotes “Wh
Investors scaled back their open interest positions in JPY futures markets by nearly 4.5K contracts on Tuesday vs. an increase of almost 26.5K contrac
Open interest in GBP futures markets rose for the seventh session in a row on Tuesday, this time by around 4.7K contracts. In the same line, volume po
GBP/USD's latest bounce off 1.2685 isn’t strongly indicating the pair’s strength as it takes the rounds near 1.2715 ahead of the UK markets open on Wednesday.
According to preliminary data for EUR futures markets from CME Group, investors added 714 contracts to their open interest positions on Tuesday, reach
FX option expiries for May 22 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.1180 1.5bn 1.1260 637m 1.1275 550m
The Bank of Japan (BOJ) board member Yutaka Harada is back on the wires now, extending his earlier comments on the economy and monetary policy. Main P
TD Securities analysts point out that UK’s April inflation is released, and they are looking for core inflation to pick up to 2.0% y/y (consensus: 1.9
Measured by the US Dollar Index (DXY), the greenback manages well to keep the trade at/above the key barrier at 98.00 the figure for the time being. U
USD/CAD took a U-turn from 50-day SMA amid declining WTI prices and also ahead of the key data/events from the US and Canada on Wednesday.
Analysts at ANZ note that the New Zealand government’s books are in a healthy position, and the Treasury’s Budget Economic and Fiscal Update forecasts
St Louis Fed president James Bullard is back on the wires now, via Reuters, with the key comments found below. “Rate cut may become 'a more attractive
Bill Evans, analyst at Westpac, points out that for the Australian economy’s six month annualised growth rate in the Westpac– Melbourne Institute Lead
FX today experienced cautious sentiment, as risk appetite soured in Wednesday’s Asian trading amid renewed US-China trade woes on the fresh reports th
Miles Workman, senior economist at ANZ, notes that New Zealand’s retail sales volumes rose 0.7% q/q in Q1 (sa) following Q4’s solid 1.7% q/q rise. Key
Despite breaking four-week-old trend-line resistance, the USD/JPY pair couldn’t cross 21-day simple moving average (SMA) on early Wednesday.
Bloomberg quotes people familiar with the matter, as saying that the US is considering cutting off the flow of vital American technology to as many as
Analysts at ANZ are keeping their dairy price forecasts unchanged at $6.40/kg MS this season and $7.30 next. Key Quotes “Dairy markets have strengthen
Satish Ranchhod, senior economist at Westpac, notes that New Zealand’s retail spending rose by 0.7% in the March quarter and was another solid gain fo
Catherine Birch, senior economist at ANZ, Australia’s construction activity fell 1.9% q/q in Q1 2019 following an upwardly-revised 2.1% fall in Q4 201
The Indian Rupee (INR) is seen reversing Tuesday’s pullback to near 70.00 levels against its American peer, knocking-off the USD/INR cross back toward
Oversold RSI conditions trigger the GBP/USD pair’s recovery to 1.2720 as traders await monthly inflation data and PM May’s statement on early Wednesday.
EUR/USD is currently sidelined around 1.1162, having hit a high and low of 1.1188 and 1.1142 in the last 24 hours. The two-way business could be assoc
Even if two-month-old descending trend-line restricts NZD/USD upside, oversold RSI conditions limit further downside around 0.6500.
The most-traded iron ore futures on China's Dalian Commodity Exchange rose 3.3 percent on Wednesday to 727.5 yuan ($105.34) a tonne, the highest since
Reuters is out with key insights on the Japanese trade balance report published earlier today that saw the country’s exports falling for the fifth str
Oil prices on both sides of the Atlantic fell on Wednesday after industry showed an uptick in US crude oil production. Brent crude fell 0.30% to 471.
Australia's Treasurer Josh Frydenberg on Wednesday said the economy needs a "pro-growth strategy". The Labor party, however, believes the coalition go
Japanese Cabinet Secretary Suga was reported by Reuters, as saying that the auto import restriction by the US would adversely impact us and the global
Asian stocks are lacking a clear directional bias this Wednesday morning, despite the overnight gains in the US stocks, possibly due to reports that t
More comments are hitting the wires from the Bank of Japan (BOJ) board member Yutaka Harada, as he continues to speak on the economic situation and mo
GBP/JPY is currently trading at 140.67 and could soon revisit the psychological resistance of 141.00. The currency pair rose to a high of 141.73 in th
Gold struggles around 9-month support-line amid changing risk catalysts on early Wednesday.
The analysts at Societe Generale offer their outlook on the EUR/USD pair, in the wake of the recent weakness in the pound and the Chinese Yuan. Key Qu
The AUD/USD pair may have a hard time cheering a potential risk reset in the financial markets, as the Construction Work Done (Q1) - a key metric that
Bank of Japan (BOJ) board member Yutaka Harada was on the wires last minutes, via Reuters, making a scheduled speech on the monetary policy and inflat
With the five-week-old ascending support-line continues to limit the USD/IDR pair’s immediate declines, the quote trades around 14,500 on early Wednesday.
The pace of construction work done in Australia unexpectedly deteriorated during the March quarter of 2019. The value of construction work done, a key
Australia Construction Work Done below forecasts (0%) in 1Q: Actual (-1.9%)
The People's Bank of China (PBOC) set the yuan reference rate at 6.8992 vs Tuesday's fix of 6.8990.
Even if challenges to the UK PM May’s “new and bold” Brexit proposal stand tall, GBP/USD recently witnessed pullback moves from 1.2700 on early Wednesday.
EUR/JPY closed at 123.31 on Tuesday, confirming an upside break of the trendline connecting April 17 and May 2 highs. The upside break of the falling
The Trump administration is considering limits to a Chinese video surveillance company's ability to buy American technology, people familiar with the
USD/JPY is currently trading largely unchanged on the day near 110.55 but may extend the 0.40% rally seen on Tuesday if the oversold offshore Chinese
With its latest pullback from 76.15, AUD/JPY portrays a short-term symmetrical triangle formation on the hourly chart during early Wednesday.
Australia Westpac Leading Index (MoM) down to -0.1% in April from previous 0.2%
The US President Trump wrote in a letter to House Speaker Nancy Pelosi and top Senate Democrat Chuck Schumer that lawmakers should pass the United Sta
With an absence of escalation in the US-Iran saga, coupled with higher than forecast API inventory data, WTI is declining to $62.80 during early Wednesday.
Japan Adjusted Merchandise Trade Balance below expectations (¥-1.3B) in April: Actual (¥-110.9B)
Japan Adjusted Merchandise Trade Balance below forecasts (¥-1.3B) in April: Actual (¥-110B)
Japan Merchandise Trade Balance Total below expectations (¥203.2B) in April: Actual (¥60.4B)
Japan Imports (YoY) registered at 6.4% above expectations (4.8%) in April
Japan Machinery Orders (YoY) above forecasts (-3.4%) in March: Actual (-0.7%)
Japan Exports (YoY) came in at -2.4%, below expectations (-1.8%) in April
Japan Machinery Orders (MoM) registered at 3.8% above expectations (-0.7%) in March
The US House Speaker Nancy Pelosi and Senate Democratic leader Chuck Schumer said late-Tuesday that talks with Republican lawmakers and White House of
Further comments are out on the wires from the St. Louis Fed President Bullard, as he continues to speak on the central bank’s monetary policy. “Polic
Forex today remained mostly risk-on as positive news concerning the US-China and the US-Japan trade negotiations initially built the sentiment on Wednesday.
The latest monthly Reuters poll, which tracks the Bank of Japan’s (BOJ) closely-watched Tankan quarterly survey, found manufacturers’ mood improved in
James Bullard, President of the St. Louis Federal Reserve, is on the wires now, via Reuters, commenting on the impact of the tariffs on the Fed policy
The Japanese news agency, Jiji, reports the latest comments by the Japanese trade negotiator, Kazuhisa Shibuya, as he says that the topic of the count
A White House statement released earlier today said the US President Trump had accepted Vardakas’s invitation to visit Ireland on June, 5th during the
NZD/USD rose to 0.6510 after the first quarter (Q1) 2019 retail sales crossed forecast on early Wednesday.
New Zealand's retail sales report showed better than expected figures in the first quarter of 2019, according to the latest data published by the Stat
New Zealand Retail Sales ex Autos (QoQ) below forecasts (0.9%) in 1Q: Actual (0.7%)
New Zealand Retail Sales (QoQ) registered at 0.7% above expectations (0%) in 1Q
The AUD/USD pair trades little positive near 0.6885 during the early Asian session on Wednesday.
China’s Ambassador to the US, Cui Tiankai, was on wires during early Wednesday mentioning brighter chances of the US-China trade talks.
The British Prime Minister Theresa May faces a fresh coup by Tory Brexiteers today, as conveyed by The Sun.
Amid the ongoing trade talks between the US and Japan, a negotiator from the later was on wires during early Wednesday.
Early on Wednesday, Reuters came out with the news report stating that the US Trade Representative Robert Lighthizer to meet with officials from Japan and EU.
Overview of quarterly retail sales Early Wednesday at 22:45 GMT sees the quarterly retail sales data from the Statistics New Zealand.
Having witnessing sluggish GDT data and a disappointment from its largest trading partner, NZD/USD is taking rounds near 0.6500 at the start of Wednesday.
S&P500 daily chart The S&P500 Index is trading in a bull trend above its 100 and 200-period simple moving averages (SMAs). The index is up as investor