Federal Reserve's George is crossing the wires. Key quotes: Downside risks to the economy primarily from trade uncertainty, slowing global growth. Exp
The Federal Reserve's Beige Book has stated that the economic activity continued to expand at a modest pace overall from mid-May through early July, w
WTI (West Texas Intermediate) is declining sharply below $58.00 a barrel and its main daily simple moving averages (DSMAs). Oil 4-hour chart The marke
EUR/JPY has been under pressure since July 11th but has made a series of higher lows in the near term. Risk appetite is slightly lower today as market
Gold continued to rally and printed a fresh 6-day high at $1424 and then pulled back modestly. As of writing, trades at $1421, up to $15 for the day a
AUD/USD is held up in its advance as markets dial down the prospects of deeper Federal Reserve cuts. The Fed seems most likely to cut rates once by 2
USD/CAD is under pressure near multi-month lows as the market is trading below 1.3100 and the main daily simple moving averages (DSMAs). USD/CAD 4-hou
The EUR/USD pair rose modestly during the American session and printed a fresh daily high at 1.1233. It is hovering near the top, recovering half of y
GBP/USD is trading at 27-month lows as the market is having a small rebound above the 1.2400 figure. GBP/USD 4-hour chart Cable is challenging the 1.2
Analysts at NBF point out that the average of the three core measures stands in line with the mid-point target of the Bank of Canada at 2.0%...
USD/JPY is trying to stabilize above 108.00 as the market is trading below the main daily simple moving average (DSMA). USD/JPY 4-hour chart USD/JPY i
Data released today showed that Housing Starts dropped 0.9% in June. While still subdued, activity should steadily improve in the second half of the y
The USD/JPY pair dropped below Asian session lows and fell to 108.04. As of writing it was trading at 108.05/10 with the negative tone intact. Earlier
The weekly report published by the U.S. Energy Information Administration showed that commercial crude oil inventories in the US decreased by 3.12 mil
United States EIA Crude Oil Stocks Change below forecasts (-2.694M) in July 12: Actual (-3.116M)
The UK Prime Minister Theresa May said that she is worried about the state of politics, cited by Reuters. According to her the values “we enjoy, canno
Sustained break through a support marked by 38.2% Fibo. retracement level of the 0.6910-0.7045 recent up-move will be seen as a key trigger for bearis
Gold is currently consolidating gains in a triangle above its main daily simple moving averages (DSMAs) Gold 4-hour chart The market is trading above
Analysts at TD Securities note that the Canadian CPI edged lower by 0.2% m/m (-0.22% unrounded) which pulled inflation to 2.0% y/y from 2.4% in May (m
James Knightley, chief international economist at ING, notes that the US housing starts and building permits were weaker than expected in June, but co
Nathan Janzen, senior economist at Royal Bank of Canada, notes that the Canada’s manufacturing sales increased 1.6% in May and the increase extends re
The greenback stays within the daily range around the 97.30 region when measured by the US Dollar Index (DXY). US Dollar Index now looks to Fed’s data
The GBP/USD pair struggled to capitalize on its mid-European session bounce from fresh 27-month lows, albeit has managed to hold its neck above the 1.
EUR/USD is hovering near the 1.1200 figure below its main daily simple moving average (DSMA). EUR/USD 4-hour chart EUR/USD is trading below 1.1250 res
The shared currency manages to keep the buying interest intact so far today, with EUR/USD navigating the area above the 1.1200 handle for the time bei
GBP/USD is trading at 27-month lows as the bears are challenging the 1.2400 figure. Earlier in London, the UK Indflation in June came in as expected
The Russian currency has resumed the upside today and is now forcing USD/RUB to trade in the lower end of the daily range around 62.75. USD/RUB focuse
Josh Nye, senior economist at Royal Bank of Canada, notes that Canada’s headline CPI fell back to 2.0% in June with falling energy prices providing mo
Russia Unemployment Rate came in at 4.4%, below expectations (4.5%) in June
The USD/CAD pair quickly bounced around 25-pips in reaction to the latest Canadian consumer inflation figures, albeit remained well below the 1.3100 h
Analysts at TD Securities are anticipating some give back in June from May's election driven boost to Australian employment. Key Quotes “We forecast +
Petr Krpata, chief EMEA FX and IR strategist at ING, suggests that GBP continues its descent as concerns about the Brexit outlook intensify and in the
The data published by Statistics Canada this Wednesday revealed that inflation, as measured by the Consumer Price Index (CPI), decelerated to 2.0% yea
Canada Consumer Price Index (MoM) in line with forecasts (-0.2%) in June
Canada BoC Consumer Price Index Core (YoY) came in at 2% below forecasts (2.6%) in June
Canada Consumer Price Index - Core (MoM) declined to 0.1% in June from previous 0.3%
Canada Consumer Price Index - Core (MoM) dipped from previous 0.3% to -0.1% in June
Canada Manufacturing Shipments (MoM) registered at 1.6%, below expectations (2%) in May
Canada Consumer Price Index (YoY) meets expectations (2%) in June
United States Building Permits (MoM) came in at 1.22M, below expectations (1.3M) in June
United States Housing Starts (MoM) registered at 1.253M, below expectations (1.261M) in June
Canada BoC Consumer Price Index Core (MoM) below expectations (0.1%) in June: Actual (0%)
United States Building Permits Change came in at -6.1% below forecasts (0.1%) in June
United States Housing Starts Change registered at -0.9%, below expectations (1.9%) in June
Gerard Burg, senior economist at National Australia Bank, notes that China’s economy grew by 6.2% yoy in Q2 2019, in line with their expectations and
India M3 Money Supply rose from previous 10.1% to 10.3% in July 12
The USD/CHF pair spiked to one-week tops, levels beyond the 0.9900 handle in the last hour, albeit quickly retreated few pips thereafter. The pair add
Analysts at TD Securities suggest that the Canadian headline inflation is projected to edge lower by both TD and the wider market after printing at 2.
Wednesday's Canadian economic docket features the key release of consumer inflation figures for June, scheduled to be published at 12:30 GMT. The head
According to analysts at TD Securities, US housing starts are projected to fall a small 0.7% m/m in June lowering its level to 1,260k from 1,269k befo
The Turkish Lira is trading on a firm note vs. the greenback on Wednesday and is now dragging USD/TRY to fresh weekly lows in the 5.6700 region. USD/T
South Africa Retail Sales (YoY) above forecasts (1.6%) in May: Actual (2.2%)
United States MBA Mortgage Applications up to -1.1% in July 12 from previous -2.4%
Analysts at TD Securities note that the Eurozone’s headline CPI was unexpectedly revised a tick higher to 1.3% y/y in June, although core CPI was unch
Petr Krpata, chief EMEA FX and IR strategist at ING, points out that the latest CFTC positioning data shows that net combined positions on the Canadia
The ongoing rebound in the demand for the single currency is now lifting EUR/JPY to the area of daily highs in the 121.40/454 band. EUR/JPY now target
Technical indicators on the mentioned chart have been gaining negative traction and support prospects for an eventual bearish breakdown. However, osci
According to Petr Krpata, chief EMEA FX and IR strategist at ING, the soft European June car sales figures highlighted the downside risk to the eurozo
Portugal Current Account Balance dipped from previous €-1.582B to €-3.146B in May
WTI (futures on Nymex) stalled its steady recovery from weekly lows and now consolidates just below the 58 handle, as the bulls await the US Energy In
Germany 30-y Bond Auction rose from previous 0.26% to 0.3%
The increasing selling bias around the British Pound is helping EUR/GBP to extend the breakout of the key 0.9000 handle. EUR/GBP bid after data, Brexi
Analysts at Westpac are recommending to sell EUR/GBP at 0.9085 levels for the target price of 0.8845, while maintaining a stop loss of 0.9125. Key Quo
The UK Brexit Secretary, Stephen Barclay, notes that the European Union (EU) Chief Brexit Negotiator Barnier emphasised a strong desire to avoid a no-
According to James Smith, developed markets economist at ING, UK inflation has hit the Bank of England’s 2% target for the second month in a row, whic
European Monetary Union Construction Output s.a (MoM) above expectations (-0.7%) in May: Actual (-0.27%)
European Monetary Union Construction Output w.d.a (YoY) registered at 2%, below expectations (2.4%) in May
According to Eurostat’s final reading of Eurozone CPI report, the consumer prices came in at 1.3% on a yearly basis, bettering the flash estimate of 1
Petr Krpata, chief EMEA FX and IR strategist at ING, suggests that although Federal Reserve Chairman Jerome Powell reiterated his message from his las
European Monetary Union Consumer Price Index - Core (MoM) above forecasts (0.3%) in June: Actual (0.4%)
European Monetary Union Consumer Price Index (YoY) above forecasts (1.2%) in June: Actual (1.3%)
European Monetary Union Consumer Price Index (MoM) above forecasts (0.1%) in June: Actual (0.2%)
European Monetary Union Consumer Price Index - Core (YoY) meets expectations (1.1%) in June
The GBP/USD pair quickly reversed an early European session dip to fresh 27-month lows, albeit struggled to extend the recovery post-UK CPI. Data rele
Following are the latest comments by the Bank of England (BOE) Executive Director for Markets, Andrew Hauser, as reported by Reuters. BOE’s balance sh
United Kingdom Producer Price Index - Output (YoY) n.s.a came in at 1.6% below forecasts (1.7%) in June
United Kingdom Core Consumer Price Index (YoY) meets forecasts (1.8%) in June
United Kingdom DCLG House Price Index (YoY) meets forecasts (1.2%) in May
The UK Consumer Prices Index (CPI) 12-month rate came in at 2.0% in June, when compared to 2.0% booked in May while coming in line with expectations o
United Kingdom Producer Price Index - Output (MoM) n.s.a registered at -0.1%, below expectations (0.1%) in June
United Kingdom PPI Core Output (YoY) n.s.a meets forecasts (1.7%) in June
United Kingdom Producer Price Index - Input (MoM) n.s.a came in at -1.4% below forecasts (-0.8%) in June
United Kingdom Retail Price Index (YoY) in line with expectations (2.9%) in June
United Kingdom Consumer Price Index (YoY) meets expectations (2%) in June
United Kingdom Retail Price Index (MoM) meets expectations (0.1%) in June
United Kingdom PPI Core Output (MoM) n.s.a meets expectations (0.1%) in June
United Kingdom Producer Price Index - Input (YoY) n.s.a below forecasts (0.5%) in June: Actual (-0.3%)
The NZD/USD pair regained positive traction on Wednesday and recovered the previous session's retracement slide from three-month tops. Resurgent US Do
The Bank of Japan (BOJ) Governor Kuroda was on the wires last minutes, with the key comments found below. There are various downside risks to the glob
Italy Industrial Orders s.a (MoM) above expectations (-1.4%) in May: Actual (2.5%)
Italy Industrial Sales s.a. (MoM) registered at 1.6% above expectations (-0.5%) in May
Italy Industrial Sales n.s.a. (YoY) registered at 0.3% above expectations (-2.5%) in May
Italy Industrial Orders n.s.a (YoY) above expectations (-4.2%) in May: Actual (-2.5%)
The USD/CAD pair came under some renewed selling pressure on Wednesday and eroded a part of the previous session's goodish up-move to one-week tops. A
Spain 9-Month Letras Auction down to -0.472% from previous -0.406%
EUR/USD daily chart EUR/USD Overview Today last price 1.1209 Today Daily Change 18 Today Daily Change % -0.01 Today daily open 1.121 Trends Daily SMA2
Karen Jones, analyst at Commerzbank, notes that GBP/USD has sold off aggressively eroding the 1.2444/39 supports to fall into new 2 year lows. Key Quo
Dollar Index Spot Overview Today last price 97.39 Today Daily Change 13 Today Daily Change % 0.01 Today daily open 97.38 Trends Daily SMA20 96.77 Dai
The UK June 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 hea
Bill Diviney, senior economist at ABN AMRO, points out that US activity data for June painted a broadly solid, if unspectacular, picture of the econo
EUR/JPY daily chart EUR/JPY Overview Today last price 121.26 Today Daily Change 22 Today Daily Change % -0.07 Today daily open 121.34 Trends Daily SMA
The AUD/USD pair lacked any firm directional bias and seesawed between tepid gains/minor losses, above the key 0.7000 psychological mark through the e
Rabobank analysts point out that the UK CPI is expected to print 2.0% and 1.8% for the headline and the core measure, respectively. Key Quotes “A nega
Reuters reports the latest comments by the European Central Bank (ECB) policymaker Benoit Coeure, with the key headlines found below. Looking ahead, t
Austria HICP (MoM) down to -0.1% in June from previous 0%
Austria HICP (YoY) fell from previous 1.7% to 1.6% in June
The USD/JPY pair failed to capitalize on the previous session's goodish up-move and edged lower on Wednesday, albeit has managed to hold above the 108
Argentina Consumer Price Index (MoM): 2.6% (June) vs previous 3%
FX option expiries for July 17 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.1250 778m 1.1350 1.8bn - GBP/USD:
Danske Bank analysts note that yesterday Fed officials revealed further their preferences on how to support the US economy. Key Quotes “Jerome Powell
Analysts at TD Securities note that Singapore’s revealed another dire exports release, with non-oil domestic exports falling by -17.3% y/y (market -9.
The single currency is finally seeing some signs of relief in the middle of the week, taking EUR/USD to the 1.1215/20 band early in the European sessi
Here is what you need to know to start your day on Wednesday, July 17th, European session: - Aussie fell from weekly highs on China’s Camsing fraud sc
Karen Jones, analyst at Commerzbank, points out that EUR/USD pair has sold off yesterday and attention has reverted to the March and mid-June lows at
Even after declining to a fresh 27-month low, the GBP/USD pair is yet to slip beneath key support-line as it takes the rounds to 1.2418 on early Wednesday.
Danske Bank analysts point out that today the final euro area HICP figures for June will be released and will be a key release for markets. Key Quotes
CME Group’s advanced figures for JPY futures markets noted investors added nearly 1.9K contracts to their open interest positions on Tuesday. Volume r
Analysts at TD Securities continue to expect the UK inflation to come in roughly in line with the BoE's forecasts from the May IR, with headline CPI o
The Kiwi Dollar is expected to extend its move higher if NZD/USD close above 0.6740 in the near term. Key Quotes 24-hour view: “NZD traded between 0.6
Open interest in GBP futures markets from CME Group posted the largest increase so far this year on Tuesday, according to flash data from CME Group. I
Following immediate symmetrical triangle chart pattern, the USD/CHF pair takes the rounds to 0.9874 ahead of the Europe markets open on Wednesday.
The bearish view on the Sterling suggests Cable could slip further back and test the 1.2340 region in the short-term. Key Quotes 24-hour view: “While
According to preliminary figures for EUR futures markets from CME Group, investors added nearly 8.3K contracts on Tuesday, the largest single day buil
Analysts at TD Securities note that the US retail sales growth came in above expectations at 0.4% m/m in June, matching a similar expansion in May (mk
FX Strategists at UOB Group now see EUR/USD resuming the downside although a test of the 1.1100 neighbourhood looks unlikely for the time being. Key Q
The US Dollar Index (DXY), which tracks the greenback vs. its main rivals, is struggling for direction on Wednesday and returns to the 97.30 region. U
Gold carries the 3-week old lower high formation forward as it clings to 21-day moving average (DMA) during Wednesday’s less active market hours.
In view of ANZ analysts, the New Zealand economy has been gradually slowing as key economic tailwinds and headwinds duke it out, and it’s still not en
The Barclays Research Team expect the EUR/USD pair to trade neutral to lower in the coming months amid tempered expectations of aggressive rate cuts.
Bill Evans, analyst at Westpac, points out that the Australia’s six month annualised growth rate in the Westpac– Melbourne Institute Leading Index, ro
According to analysts at ANZ, Indian economy continues to show weak growth momentum even as the extent of weakness has, however, softened compared to
Unless breaking 4H 100MA and 23.6% Fibonacci retracement of May-July downpour, USD/INR pullback remains less significant.
In its latest commentary, Reuters reported that the Bank Indonesia (BI), the Indonesian central time, will have a tough time justifying delaying a rat
With the fresh risk-off dragging the greenback down, GBP/USD recovers from 27-month low while taking the bids to 1.2416 ahead of the London open on Wednesday.
EUR/USD risks falling below key support at 1.1193 as markets seem to have scaled back expectations of Federal Reserve (Fed) rate cuts in the ovenright
Australian iron ore production will rise as much as 6% this fiscal year, according to BHP Group. Total output is expected to jump to 273-286 million t
Analysts at Australia and New Zealand banking group (ANZ) offer a sneak peek at what to expect from Thursday’s Australian labor market report due to b
Although 2-week old ascending triangle formation and rising RSI favor the USD/CNH pair’s additional recovery, the quote still trades below key resistances.
AUD/USD is feeling the pull of gravity, possibly due to losses in iron ore futures and news of financial fraud in China. At press time, the currency p
The latest story carried by Caixin warns of the spillover effects of the Camsing fraud scandal on other Chinese firms. Key Details: “Camsing Global fo
Shanghai Composite is better bid this Wednesday, having bounced up from the 50-day moving average line (MA) in early trade. The index is currently tra
Japanese Government Spokesman Suga is out on the wires now, strongly urging South Korea to take appropriate steps over wartime laborer issue. The issu
Amid looming Japan-South Korea trade dispute, the South’s Finance Minister Hong Nam-ki announced that his government will soon unveil plans to reduce
In the view of the analysts at Deutsche Bank, the best bet in the times of a currency war is likely to go long Gold. Key Quotes: “With a currency war
USD/JPY is currently trading at 108.17, having faced rejection at the 200-hour moving average of 108.33 earlier today. The anti-risk JPY may have foun
Despite witnessing a mild pullback from 6-month low, GBP/JPY carries its weakness as it takes the rounds to 134.28 during early Wednesday.
Reuters reported earlier today that the US and Japan are working to reach a trade deal by September. The deal is said to cover agricultural products a
EUR/USD dropped from 1.1260 to just above 1.1200 overnight. US Retail Sales kept the Dollar lit. Following disappointing GDP data out of China at the
Speaking at a conference on Tuesday to mark the 75th anniversary of Bretton Woods, the French Finance Minister Bruno Le Maire said the international m
Fitch Ratings has affirmed Japan's Long-Term Foreign Currency Issuer Default Rating (IDR) at 'A' with a stable outlook. The ratings agency expects the
Even after bouncing off 5-day old support-line, NZD/USD is yet to offer a successful rise past key EMAs as it trades near 0.6710 during early Wednesday.
The 1400 psychological level is holding up which is just as well for the bulls, as a couple of dollars, a break of the 23.6% Fibo of the latest swing
The People's Bank of China (PBOC) has set the Yuan reference rate 6.8827 vs Tuesday's fix of 6.8760.
AUD/USD snapped a four-day winning streak on Tuesday with a bearish outside day candle. A bearish outside day is created when the day begins with opti
With the global investors continue cheering the US Dollar (USD) strength, the USD/CAD pair recovers to 5-day high, at 1.3090, during early Wednesday.
USD/JPY was supported overnight and rallied to a weekly high of 108.37 on solid U.S. data, The US 2-year treasury yields climbed from 1.84% to 1.87% o
Brent oil fell 2.72% on Monday, having carved out a bearish doji reversal pattern in the preceding two trading days, as discussed yesterday. With the
Not only its U-turn from 1.1285/87 horizontal-line but a dip beneath 61.8% Fibonacci retracement of May-June increase also portrays the EUR/USD pair’s weakness.
Australia Westpac Leading Index (MoM): -0.08% (June)
Australia Westpac Leading Index (MoM) declined to -0.1% in June from previous -0.08%
Having plummeted to a 27-month low, GBP/USD recovers to 1.2410 during early Wednesday amid lack of fresh catalysts.
In Forex today, the U.S. Dollar gained, (DXY 97.405 highs), led the market overnight as retail sales beat expectations. Treasury yields rose following
Having bounced off 23.6% Fibonacci retracement June month slump, USD/IDR trades near 14,012 during early Asian morning on Wednesday.
The price of EUR/JPY is heading back to the downside, unable to get above the 122.20s and the 23.6% of the late Sep 2018 highs to Jan lows with eyes n
With Iran pouring cold water on the face of the US efforts to find peace, WTI witnesses short covering moves to $57.60 amid initial Asian session on Wednesday.
San Francisco Federal Reserve Bank President Mary Daly has crossed the wries with the following comments: She is not leaning one way or the other on J
Following today's news, where, at a cabinet meeting on Tuesday, US Secretary of State Mike Pompeo said Iran had "for the first time" shown its willing
With its another U-turn from the 50-day EMA, AUD/JPY declines to 75.90 during the early Asian session on Wednesday.
Like other Antipodeans, AUD/USD also remains on a back foot while taking the rounds to 0.7012 on early Wednesday morning in Asia.
Having refrained from a general election till the Brexit, the UK Prime Minister (PM) hopeful Boris Johnson took a U-turn at a fundraising dinner.
With the renewed US data strength questioning the dovish Fed speakers, the NZD/USD pair remains soft around 0.6700 at the start of Wednesday's Asian session.
Wall Street's benchmarks were a little lower on Tuesday following record closes on Monday and President Donald Trump said an agreement with China on t
S&P500 daily chart The S&P500 is trading in a bull trend above its main SMAs. The market is retrearting below the 3,010.00 level. S&P500 4-hour chart