According to analysts at ING, two weeks away from the FOMC meeting, markets appear still undecided about the magnitude of the upcoming easing move. Ke
After climbing to fresh tops in the vicinity of 1.1250, EUR/USD has now given away those gains and refocus its trade to the 1.1200 neighbourhood. EUR/
TD Securities analysis team points out that Canada’s ADP employment for June will provide the highlight of a thin data calendar. Key Quotes “While the
According to Bill Diviney, senior economist at ABN AMRO, while the doctrine of ‘data dependence’ would indeed suggest a lower likelihood of rate cuts,
According to analysts at TD Securities, the Philly Fed manufacturing report for July is expected by markets to show a modest rebound to 5.0 following
The favourable mood around the Japanese safe haven plus news from the ECB is now dragging EUR/JPY to fresh lows in the 120.80 area. EUR/JPY focused on
The rebound in the Sterling is triggering a correction lower in EUR/GBP to the boundaries of the critical 0.9000 handle. EUR/GBP upside capped around
The intraday positive momentum lifted the pair back closer to the 0.7045-50 supply zone - a key resistance marked by a one-year-old descending trend-l
According to Robert Rennie, head of FM strategy at Westpac, while today’s 21.1k rise in Australia’s full time employment (2.9%yy) was better than expe
Spain 5-y Bond Auction: -0.205% vs previous -0.182%
Spain 3-y Bond Auction declined to -0.467% from previous -0.408%
According to James Smith, developed markets economist at ING, at face value, June’s 0.9% bounce in UK retail sales (excluding fuel) suggests that the
WTI (futures on Nymex) keeps its range trading intact just below the 57 handle, as the bears consolidate two back-to-back days of losses, in the face
Irish Prime Minister (PM) Leo Varadkar is reported by Reuters, as saying that “I can see a route to a resolution on border issue”. Additional Quotes:
Speaking to Reuters on the sidelines of a G7 finance ministers meeting in France, British Finance Minister Philip Hammond made some remarks on the imp
According to Karen Jones, analyst at Commerzbank, USD/JPY has eroded the 107.81 5th June low and is back under pressure. Key Quotes “While the market
In view of analysts at ING, GBP has staged a timid rebound after dramatically falling on Tuesday. Key Quotes “Brexit fears were partly mitigated by a
ANZ analysts point out that the Bank Indonesia (BI) has cut its 7-day reverse repo rate by 25bp to 5.75% today. Key Quotes “The move reflects pipeline
According to Justin Smirk, analyst at Westpac, Australia’s June Labour Force was a soft update with unemployment almost printing 5.3% and robust trend
The GBP/USD pair built on the overnight recovery move from 27-month lows and continued gaining positive traction for the second consecutive session on
Mitul Kotecha, senior emerging markets strategist at TD Securities, notes that Bank Indonesia cut its 7-day repo by 25bp to 5.75% as expected and note
The UK retail sales came in at +1.0% over the month in June vs. -0.3% expected and -0.6% previous. The core retail sales stripping the auto motor fuel
Hong Kong SAR Unemployment rate: 2.8% (June)
United Kingdom Retail Sales (YoY) came in at 3.8%, above forecasts (2.6%) in June
United Kingdom Retail Sales (MoM) above forecasts (-0.3%) in June: Actual (1%)
United Kingdom Retail Sales ex-Fuel (MoM) registered at 0.9% above expectations (-0.2%) in June
United Kingdom Retail Sales ex-Fuel (YoY) registered at 3.6% above expectations (2.7%) in June
EUR/USD Overview Today last price 1.1238 Today Daily Change 21 Today Daily Change % 0.11 Today daily open 1.1226 Trends Daily SMA20 1.129 Daily SMA50
Dollar Index Spot Overview Today last price 97.08 Today Daily Change 16 Today Daily Change % -0.13 Today daily open 97.21 Trends Daily SMA20 96.77 Da
EUR/JPY Overview Today last price 121.12 Today Daily Change 30 Today Daily Change % -0.03 Today daily open 121.16 Trends Daily SMA20 121.88 Daily SMA
Analysts at TD Securities suggest that while Australian Business Confidence jumped from 0 to 6 in NAB's Q2 Business survey, possibly reflecting the e
The UK PM candidate, Jeremy Hunt was out with some comments in the last hour saying that a no-deal Brexit would be a political, not economic decision.
With technical indicators on hourly/daily charts still holding in the bullish territory, any subsequent slide towards the trading range resistance bre
The single currency is extending the upbeat momentum today and is now taking EUR/USD to the 1.1240/45 band. EUR/USD up on trade jitters, USD-selling S
At its July monetary policy meeting on Thursday, Indonesia’s central bank, Bank Indonesia (BI), slashed its 7-day reverse repo rate by 25bps to 5.75%,
Indonesia Bank Indonesia Rate meets forecasts (5.75%) in July
UK retail sales Overview The UK retail sales, scheduled to be published later this session at 0830 GMT, are expected to drop 0.3% m/m in June, followi
The USD/JPY pair witnessed some follow-through weakness for the second consecutive session on Thursday and dropped to over two-week lows, around the 1
In line with the consensus, analysts at TD Securities are expecting the SARB to cut its policy rate by 25bps today to 6.5%. Key Quotes “In our view a
According to the latest Reuters poll, investors turned bullish on the Indonesian Rupiah for the first time in nearly three months amid Fed rate cut be
The UK Cabinet Office Minister David Lidington was out on the wires in the last hour, noting that the EU suggested to UK to put Brexit 'on ice' for fi
Kristoffer Kjær Lomholt, senior analyst at Danske Bank, notes that the Fed Beige Book - based on anecdotal information from the regional Feds up until
The AUD/USD pair built on strong intraday positive momentum and is currently placed near the top end of its weekly trading range, around the 0.7040 re
In view of TD Securities analysis team, there doesn't seem to be much going for UK retail sales for the month of June. Key Quotes “With poor weather f
Karen Jones, analyst at Commerzbank, suggests that GBP/USD’s new low has not been confirmed by the daily RSI. Key Quotes “We also note the 13 count on
- US dollar extended overnight losses vs. main competitors in Asia as Treasury yields slid further on trade woes, earnings results and aggressive Fed
Despite witnessing an increase in monthly Swiss trade balance data, USD/CHF remains modestly flat at 0.9850 ahead of the European open on Thursday.
Reuters quotes the comments from the European Central Bank (ECB) Governing Council member Villeroy, with the key headlines found below. Key Quotes: Th
Switzerland Imports (MoM) declined to 16359M in June from previous 18074M
Switzerland Exports (MoM) down to 20454M in June from previous 21485M
The European Union (EU) Chief Brexit negotiator Michael Barnier is on the wires now, via Reuters, warning that the UK will have to "face the consequen
Switzerland Trade Balance registered at 4096M above expectations (3210M) in June
Open interest in JPY futures markets rose for the second consecutive session on Wednesday although by just 694 contracts according to preliminary figu
Kristoffer Kjær Lomholt, senior analyst at Danske Bank, suggests that while posting a small rebound this morning oil has traded heavy over the last se
Karen Jones, analyst at Commerzbank, suggests that EUR/USD pair is again showing signs of recovery just above the March and mid-June lows at 1.1181/76
Analysts at TD Securities note that the Australia’s unemployment rate for June remained unchanged at 5.2%, in line with market expectations. Key Quote
GBP/USD is expected to keep the negative view in the near term, allowing a potential test of 1.2340, suggested FX Strategists at UOB Group. Key Quotes
CME Group’s advanced figures for GBP futures markets noted open interest rose for the third session in a row on Wednesday while volume dropped by almo
In opinion of FX Strategists at UOB Group, AUD/USD could extend the upside above the 0.7050/70 band. Key Quotes 24-hour view: “AUD traded between 0.69
According to flash data for EUR futures markets from CME Group, investors added just 249 contracts to their open interest positions on Wednesday. Volu
With the key short-term moving averages and Fibonacci retracement levels limiting the downside, GBP/USD takes the rounds to 1.2438 on early Thursday.
Italian Deputy Prime Minister Matteo Salvini and leader of League Party was on the wires last minutes, via Reuters, saying that the government will ca
FX Strategists at UOB Group have ruled out a test of 1.1100 in EUR/USD for the time being. Key Quotes 24-hour view: “Yesterday, we were of the view th
Danske Bank analysts suggest that the data calendar brings no tier 1 releases in today's session and the primary market focus will remain on the unfol
The greenback, in terms of the US Dollar Index (DXY), keeps correcting lower from weekly tops near 97.50. US Dollar Index focused on trade, data After
With the early-day trade/political jitters following pessimism spread through Wall Street close, Asian shares remain on a back foot.
Catherine Birch, senior economist at ANZ, notes that the Australian employment increased by just 500 workers in June, as the 21.1k gain in full-time e
Having reversed from the short-term resistance-line, USD/INR aims to visit adjacent trend-line support as it trades near 68.79 on early Thursday.
Analysts at TD Securities note that the anecdotal evidence from the Beige Book suggests that the US economic activity "continued to expand at a modest
ANZ analysts note that the Bank of Korea (BoK) cut its policy rate by 25bp to 1.50% today, surprising the consensus. Key Quotes “In our view, the BoK’
Netherlands, The Unemployment Rate s.a (3M) up to 3.4% in June from previous 3.3%
With the latest news reports favoring the odds for soft Brexit, the GBP/USD pair recovers to 1.2440 ahead of the London open on Thursday.
EUR/USD is flashing green ahead of London open with the US treasury yields felling the pull of gravity amid rising fears of FX intervention by the wor
According to the leading US investment banking giant, Morgan Stanley, the nervousness in financial markets over the “hardline” approach adopted by bot
Having failed to cross the 50-DMA during last-week, USD/JPY chart portrays gradual declines to key Fibonacci retracement support on early Thursday.
Silver is solidly bid for fifth striaght day and is currently trading at $16.11, the highest level since Feb. 20. The 14-day relative strength index (
Japanese news outlet, Kyodo News, carries headlines on Thursday, citing diplomatic sources that White House Security Advisor Bolton is said to be maki
Given the failures to rise much above 200-day EMA, amid overbought RSI, NZD/USD takes the rounds to 0.6740 during early Thursday.
The Asian Development Bank (ADB) said on Thursday developing Asia is on track to meet the lender's economic targets for this year and next year, despi
Bank of Korea's Chief Lee sees South Korea's economy expanding 2.2% in 2019 as opposed to the previous forecast of 2.5% growth. The central bank cut r
China's forex regulator, the State Administration of Foreign Exchange (SAFE), was out on the wires last minutes, noting that the Chinese forex market
Brent oil closed 1.21% lower at $63.58 on Wednesday, confirming a downside break of an ascending channel on the daily chart. The bullish channel break
A majority of the economists polled by Reuters opine that the Bank of Japan’s (BOJ) next move would be to expand stimulus, up from about half last mon
Australian business confidence rose sharply to 6 index points in the second quarter from the previous quarter's print of 0, according to National Bank
Reuters reports the overnight comments from the Japanese Finance Minister Taro Aso, with the key headlines found below. Trade frictions are a big down
The Japanese public broadcaster, NHK, reports that “Japan is considering taking a dispute with South Korea over its compensation of wartime forced lab
The Bank of Korea (BOK) cut interest rates to 1.5% from 1.75% on Thursday in a bid to support the economy absorb external shocks from the Sino-US trad
Despite witnessing a drop in seasonally adjusted Employment Change, the AUD/JPY pair takes the bids to 75.64 during early Thursday.
The bid tone around the Australian Dollar strengthened, pushing the AUD/USD to a session high of 0.7027 after the data released by the Australian Bure
Australia Part-Time Employment down to -20.6K in June from previous 39.8K
The key June employment report from Australia has arrived. Last time around, the Employment Change for May was a big beat compared to market expectati
Australia Employment Change s.a. below expectations (10K) in June: Actual (0.5K)
Australia Unemployment Rate s.a. meets forecasts (5.2%) in June
Australia Participation Rate meets expectations (66%) in June
Australia Fulltime Employment climbed from previous 2.4K to 21.1K in June
Despite declining to the lowest levels since late-March, the AUD/NZD pair’s immediate drop is being confined by key support-line ahead of AU jobs report.
The People's Bank of China (PBOC) has set the Yuan reference rate at 6.8761 vs Wednesday's fix of 6.8827.
Bears now look to the 52 handle in series of lower lows. Overnight, WTI took on fresh weekly lows below the prior 56.77. Oil continues to slide and f
AUD/JPY is lacking a clear directional bias since July 1. The currency pair has been largely restricted to a trading range of 75.10-76.30, which could
South Korea BoK Interest Rate Decision registered at 1.5%, below expectations (1.75%) in July
Given the global political plays keep luring Japanese Yen (JPY) buyers amid Brexit pessimism at the UK, the GBP/JPY pair remains on a back foot.
USD/JPY is trading in Tokyo's opening hour at 107.88, between a range of 107.85 and 107.98, back blow 108 the figure and heavy. There is a mild risk-o
The European Central Bank will cut deposit rates in September and will begin telegraphing the move from this month, according to economists in a Reute
Recent lower high formation and steady levels of 14-bar relative strength index (RSI) signals EUR/USD buyers’ exhaustion around key resistance.
AUD/USD overnight ATM volatility (implied volatility) has increased from 4.85% to 8.5% ahead of the all-important Aussie jobs data. The data due at 01
There were a number of geopolitical tensions rearing their ugly head again from across the globe including Brexit, and trade wars in the main. U.S. da
Early Thursday markets will see Australian employment data from the Australian Bureau of Statistics at 01:30 GMT that will be the key for AUD/USD traders.
Japan Adjusted Merchandise Trade Balance registered at ¥-14.399B above expectations (¥-524.8B) in June
Japan Adjusted Merchandise Trade Balance came in at ¥-14.4B, above forecasts (¥-524.8B) in June
Japan Merchandise Trade Balance Total above expectations (¥420B) in June: Actual (¥589.5B)
Japan Imports (YoY) below forecasts (-0.4%) in June: Actual (-5.2%)
Japan Exports (YoY) below forecasts (-5.6%) in June: Actual (-6.7%)
Although growing market expectations of BI rate cut and oversold RSI triggered the USD/IDR pair's pullback, 10-day EMA presently challenges buyers.
Gold prices ended sharply higher on in New York while the U.S. dollar ended lower by 0.2% at 97.209 while the 10-year Treasury note fell which contrib
Not only the UK PM race but the British politician’s move to block the no-deal Brexit also entertains GBP/USD traders on early Thursday.
Despite declining below the 200-hour moving average (HMA), the AUD/JPY pair bounced off 50% Fibonacci retracement of last one-week moves on early Thursday.
Reuters is reporting that U.S. and Japanese officials are working hard to reach agreement on a bilateral trade agreement. U.S. and Japanese officials
The Wall Street Journal reported that The House of Representatives approved the first of three resolutions Wednesday aimed at blocking lucrative arms
While trade woes and lack of data stopped AUD/USD from cheering the USD weakness on Wednesday, the Aussie pair remains cautious ahead of Australian jobs report.
Bloomberg has reported that The House blocked a Democratic member’s bid to impeach President Donald Trump amid resistance from Speaker Nancy Pelosi an
The UK Times came out with a news report ahead of the UK’s Office for Budget Responsibility’s five-year report citing first assessment of no-deal Brexit.
Having been removed from the US F-35 fighter jet program, Turkish Foreign Ministry spokesperson is on wires via Reuters.
Earlier on Thursday, the BBC reporter, Nicholas Watt, tweeted that he learned of some UK cabinet ministering preparing to resign tomorrow.
The S&P 500 is retreating sharply below the 3,000.00 mark among stalling trade talks and mixed earnings. S&P500 4-hour chart Bears broke below the 2,9
With the greenback bears re-entering the markets on sluggish housing data and trade woes, the NZD/USD pair carries its best G10 performer status forward.
The DJIA closed lower by116 points at 27,219. The S&P 500 index dropped 19 points to 2,984 The Nasdaq fell 37 points to 8,185. U.S. benchmarks contin