The USD/JPY pair gains traction during the Asian trading hours and broke above the 108 mark before going into a consolidation phase. As of writing, th
Brazil Mid-month Inflation came in at 0.09% below forecasts (0.14%) in July
Meanwhile, technical indicators on hourly charts have been gaining positive momentum but maintained their bearish bias on the daily chart, warranting
Iris Pang, economist at ING, suggests that we have yet to see any RRR cut from the PBoC, but the central bank can't wait much longer if it wants to su
Responding to the outcome of the Conservative leadership contest, which saw Boris Johnson become the Prime Minister of the United Kingdom, European Un
The GBP/USD pair quickly reversed an early European session dip to the 1.2420-15 region and spiked to fresh daily tops in the last hour, albeit lacked
After bottoming out in the 0.8960 region, EUR/GBP now managed to regain some composure and continues to pare losses in the wake of the Conservative fi
In a widely expected outcome, Boris Johnson became the new leader of the Conservative Party, receiving an impressive 92,513 of Tory votes to replace T
Analysts at ANZ point out that in Asia, current account deficits (CAD) are an inescapable and integral feature of the present stage of development in
Gold held on to its weaker tone through the mid-European session, albeit has managed to pare some of its early losses to $1414 area, or multi-day lows
Iris Pang, economist at ING, suggests that the path of USD/CNY will depend on which liquidity tools are used by the PBoC. Key Quotes “If there is no R
The Turkish Lira remains on the defensive so far this week, lifting USD/TRY to the 5.70 area although losing some upside impulse soon afterwards. USD/
The negative price action around the single currency is eclipsing the offered bias in the Japanese safe haven and keeps EUR/JPY under pressure around
Citing Huffington Post UK, Reuters reported that British Prime Minister candidate Boris Johnson was set to avoid an immediate no-confidence vote in hi
Krishen Rangasamy, analyst at National Bank Financial, suggests that after having failed to stem the deteriorating U.S. trade deficit with tariffs, co
Analysts at TD Securities suggest that the US existing home sales are expected to retreat marginally by -0.2% to 5.33mn units in June. Key Quotes “Alt
The latest uptick in WTI (futures on Nymex) faltered just ahead of the midpoint of the 56 handle, as a tug-of-war between the bulls and bears continue
According to the Interfax news agency, Russian Energy Minister Alexander Novak today said that the global oil market was fairly balanced and that the
The Confederation of British Industry's latest 'Industrial Trends Survey - Total Orders' came in at -34 in July following April’s -15 reading. Accordi
Analysts at TD Securities note that the ECB released its quarterly bank lending survey for Q2, and the results are a bit softer than we've seen lately
United Kingdom CBI Industrial Trends Survey - Orders (MoM) came in at -34, below expectations (-15) in July
Both the Sterling and the single currency remain under pressure so far this week and are now allowing EUR/GBP to regain the vicinity of the 0.9000 mar
China's Commerce Ministry is out with the latest statement, citing that it will adopt more targeted policies to stabilize trade, as reported by Reuter
Analysts at Standard Chartered notes that China’s retail auto sales growth (in value terms) jumped 17.2% y/y in June, driven by clearance sales ahead
Matthew Hassan, analyst at Westpac, suggests that their latest Red Book finds a mixed bag of developments for the Australian economy since April. Key
Bloomberg quotes people familiar with the matter, as saying that the Bank of Japan (BOJ) could make a downward revision to its FY 2019 inflation forec
The mentioned region also nears 100-hour SMA and should now act as a key pivotal point for short-term traders, which if broken is likely to accelerate
Reuters cites ECBWATCH that money markets are now pricing in less than 40% chance of a 10 bps European Central Bank (ECB) rate cut on Thursday versus
The Chinese state media reports the People’s Bank of China (PBOC) Governor, Yi Gang, with the key headlines found below. Current interest rates are ap
Japanese Economy Minister Motegi is out on the wires now, via Reuters, speaking about the economic situation. Key Headlines: Economy is continuing gra
Rabobank analysts point out that the UK Conservative Party will announce its new leader who will become the new Prime Minister. Key Quotes “Hard Brexi
Bart Melek, head of commodity strategy at TD Securities, suggests that fears that weak demand will negate OPEC+ cuts, speculation that millions of Ira
The NZD/USD pair now seems to have entered a bearish consolidation phase and was seen oscillating in a range near the lower end of its daily trading r
EUR/USD Overview Today last price 1.1194 Today Daily Change 25 Today Daily Change % -0.15 Today daily open 1.1211 Trends Daily SMA20 1.1272 Daily SMA
Karen Jones, analyst at Commerzbank, suggests that for the USD/CHF pair, their view remains negative as the market remains dominated by the 2 month do
Dollar Index Spot Overview Today last price 97.44 Today Daily Change 21 Today Daily Change % 0.15 Today daily open 97.29 Trends Daily SMA20 96.89 Dai
In an interview with an Italian newspaper, Il Sole 24 Ore, Huawei Technologies, the Chinese technology and telecoms group right at the center of the U
EUR/JPY Overview Today last price 121 Today Daily Change 24 Today Daily Change % 0.07 Today daily open 120.91 Trends Daily SMA20 121.75 Daily SMA50 1
The USD/CAD pair continued gaining positive traction for the third consecutive session on Tuesday and climbed to near two-week tops, around the 1.3135
China’s Foreign Ministry is out with the latest statement, expressing its displeasure on the latest US sanctions on the Chinese firms over Iranian oil
More comments are flowing in from the Bank of England (BOE) Monetary Policy Committee (MPC) member Saunders, as he speaks in a Bloomberg TV interview.
Bart Melek, head of commodity strategy at TD Securities, suggests that despite signals coming from the Fed that a 50 bps rate cut is unlikely in July,
Danske Bank analysts note that late yesterday, US President Trump announced a bipartisan budget deal was finalised, making it possible for the House t
Khoon Goh, analyst at ANZ, notes that Singapore’s CPI All-Items inflation for June eased to 0.6% y/y from 0.9% the previous month and was below market
Reuters reports the latest comments from the Russian Defense Ministry, as they respond to the earlier reports by the South Korean Defense Ministry, ci
The selling pressure around the European currency has picked up extra pace on Tuesday, sending EUR/USD to fresh multi-week lows in sub-1.1200 levels.
The Bank of England (BOE) Monetary Policy Committee (MPC) member Saunders is on the wires now, via Reuters, noting that the central bank isn't bound b
The USD/JPY pair continued gaining positive traction for the third consecutive session on Tuesday and built on last week's recovery move from four-wee
Turkey Consumer Confidence declined to 56.5 in July from previous 57.6
Speaking at the meeting of high-ranking delegations of Iran and Iraq, Iranian President Hassan Rouhani made some remarks on the ongoing Gulf crisis. K
The latest Reuters poll conducted showed that a majority of the economists see the South Korean economy returning to expansion in the second quarter o
FX Strategists at UOB Group noted NZD/USD could have reached a near term top in the 0.6790 region. Key Quotes 24-hour view: “We expected NZD to trade
The AUD/USD pair kept losing ground on Tuesday and dropped to three-day lows in the last hour, with bearish eyeing a move towards challenging the key
According to advanced figures from CME Group for JPY futures markets, open interest increased by around 1.5K contracts on Monday, reversing the previo
Danske Bank analysts suggest that today's main even is the announcement around midday of the next UK Conservative Party leader, who is also going to s
Cable stays under pressure and is seen trading within a lower range betwee 1.2400 and 1.2580, according to FX Strategists at UOB Group. Key Quotes 24-
Karen Jones, analyst at Commerzbank, suggests that EUR/USD pair continues to struggle with interim resistance at 1.1285 and again has sold off – it is
Preliminary figures for GBP futures markets from CME Group noted open interest shrunk for the third session in a row on Monday, this time by around 1.
Here is what you need to know to start your day on Tuesday, July 23rd, European session: - US dollar hit weekly tops vs. main rivals; Trump, Congress
Denmark Consumer Confidence down to 2.9 in July from previous 5.8
10-week old descending trend-line keeps GBP/USD upside confined as the quote declines to 1.2455 ahead of the UK open on Tuesday.
Analysts at TD Securities point out that for UK data today, we just have CBI industrial orders, where markets are looking for an unchanged reading of
The near term outlook on USD/JPY points to the continuation of the sideline theme, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “We
In light of flash data for EUR futures markets from CME Group, investors trimmed their open interest positions by just 804 contracts at the beginning
With the USD buyers cheering recent positive news/headlines, Gold drops to multi-day low as it makes the rounds to $1,417 during early Tuesday.
In view of FX Strategists at UOB Group, EUR/USD is seen navigating the 1.1160/1.1300 range in the next weeks. Key Quotes 24-hour view: “Expectation fo
FX option expiries for July 23 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - USD/JPY: USD amounts 107.00 929m 108.00 800m 109.00 647m
ANZ analysts point out that the synchronised slowdown in global growth has become more pronounced, against a backdrop of below-target inflation in man
According to Nick Kounis, head of Financial Markets Research at ABN AMRO, there is a possibility of a cut in policy rates already at this week’s ECB m
The greenback keeps pushing higher in the first half of the week and is now flirting with the 97.50 level when tracked by the US Dollar Index (DXY). U
Despite repeated failures to slip beneath 2-day long rising support-line, EUR/GBP upside is likely to be tamed by short-term key resistances on early Tuesday.
Singapore Consumer Price Index (YoY) came in at 0.6, below expectations (0.7) in June
In view of analysts at ANZ, regional divergences remain a key theme in New Zealand’s housing market as Auckland house price growth slipped further int
In line with the unanimous consensus, analysts at TD Securities are expecting the NBH to keep all its policy rates on hold at today's Monetary Council
After weeks of drama surrounding the UK’s leadership contests, the day is finally here when the British Conservatives will announce their next leader.
Analysts at ANZ notes that Australia’s ANZ-Roy Morgan Consumer Confidence gained 0.3% last week as the financial and economic conditions subcomponents
EUR/USD fell below 1.12 in Asia and could extend losses in Europe, courtesy of the dovish European Central Bank (ECB) expectation and the weakness in
Although 50% Fibonacci retracement of mid-June to early July downpour limits the USD/INR pair’s immediate upside, short-term rising channel portrays its upside.
US Secretary of State Mike Pompeo said in a speech late-Monday that the US sanctioned Chinese state-run energy company Zhuhai Zhenrong Co Ltd for alle
Brent oil's recovery from one-month lows hit on Friday has taken the shape of a bear flag on the 4-hour chart. A bear flag or an inverted flag is a co
Despite recently released risk-sensitive news from South Korea and Bank of Japan (BOJ), USD/JPY remains largely unchanged at 108.00 on early Tuesday.
US Senator Elizabeth Warren, now a Democratic presidential candidate, warned Monday that the US economy is at risk of a recession, largely due to high
Japan's weaker economy and the output gap's influence on achieving the 2% inflation target may force the Bank of Japan (BOJ) to consider pre-emptive e
South Korean Central Bank Had Lee said on Tuesday that he was ready to cut interest rates further if needed and added that a situation requiring more
China’s Commerce Ministry launches an anti-dumping investigation on imported propanol and other related products from the US, according to Reuters. No
Japanese Finance Minister Taro Aso was on the wires last minutes, via Reuters, noting that Japan’s PM Abe's election win as support for a sales tax hi
Asian stocks are on the rise with the Shanghai Composite recovering from a one-month low, despite lower odds of an aggressive Federal Reserve rate cut
Latest headlines are crossing the wires on reports that South Korean military fired warning shot at Russian military plane, as cited by Yonhap. The Ja
In a scheduled report, the Bank of Korea (BOK), the South Korean central bank, told the parliament on Tuesday that Japan's export curbs on key chip an
Reuters reports the latest comments from the Chinese Industry Ministry, as he says that China needs arduous efforts to achieve industrial growth targe
With the trade positives news headlines joining the upbeat weekly consumer sentiment data from Australia, the AUD/JPY pair seesaws near 75.90.
The path of least resistance for USD/CNH is on the higher side, technical charts indicate. The pair closed at 6.8834, confirming a falling channel bre
On Tuesday, the People’s Bank of China (PBOC), the Chinese central bank, conducted a Targeted Medium Lending Facility (TMLF).
The AUD/USD pair’s sustained break of 8-day long rising trend-line drags it to 0.7025 during early Tuesday.
Gold support has given way to a move back into the symmetrical triangle. The 20-day moving average is now a key target on the downside. Gold had been
EUR/USD printed session lows below 1.12 soon before press time. The US Dollar is pushing higher against most majors on lower odds of an aggressive Fed
The People's Bank of China (PBOC) has set the Yuan reference rate at 6.8818 vs Monday's fix of 6.8759.
With fewer hurdles to the US government offices and likely resolution of the trade issue with China pleasing the greenback buyers, the US Dollar Index surges.
Futurewei Technologies Inc, the US research arm of China’s Huawei Technologies Co Ltd, began laying off workers on Monday. The layoffs come two months
NZD/USD dropped a touch on the RBNZ headlines which have warned markets that the RBNZ is looking to refresh the unconventional policy strategy. Lookin
USD/JPY is looking to break above 108.00 in the Asian session, having registered gains in the previous two trading days. The pair eked out moderate ga
Having breached immediate resistance-line, USD/IDR takes the bids to 13,941 during early Tuesday.
Early on Tuesday, Bloomberg came out with a report quoting the Reserve Bank of New Zealand (RBNZ).
In recent weeks, the United States has blamed Iran for a string of incidents in the Strait of Hormuz, an important shipping alley in the oil trade bor
Despite recovering from the multi-month low, the USD/CAD pair remains below near-term key resistances as it takes the rounds to 1.3130 during the early Tuesday.
Considering mixed sentiment surrounding the latest shift in Iran’s tone and the US-China trade positive news, WTI seesaws near $56.00 during early Tuesday.
Following his speech, Reserve Bank of Australia Assistant Government Kent said in a Q/A that AUD/USD might have been higher without recent rate cuts.
Following its sustained downpour below the key short-term moving average and a downward sloping trend-line, the GBP/USD declines to 1.2480 on early Tuesday.
The Telegraph has released a report confirming that Philip Hammond will resign three hours before Boris Johnson is expected to become Prime Minister i
With traders awaiting statements from the RBA’s Kent, the AUD/USD pair trades near 0.7030 during the initial Asian trading on Tuesday.
The US President Donald Trump again took his twitter handle to convey the Republicans’ victory in managing the world’s largest economy .
Iran’s Foreign Minister Mohammad Javad Zarif is on wires, via CNA, while speaking in Nicaragua.
With the greenback extending the previous recovery amid no major fresh catalyst to watch, the NZD/USD pair begins Tuesday’s Asian trading session around 0.6760.
It was a relatively subdued day in global markets on Monday, with scarce data flow and as the market awaits the outcome of next week's Federal Open Ma
EUR/USD is trading in a bear trend below the main daily simple moving averages (DSMAs). The market is about to enter the Asian session while trading