Crude oil prices gained traction during the first half of the day and the barrel of West Texas Intermediate (WTI) reached a fresh weekly high of $57.7
The EUR/USD pair bounced from near the lowest level since early October and climbed to 1.1020, hitting a fresh daily high. As of writing, trades at 1.
Robert Kaplan, president of the Federal Reserve Bank of Dallas, on Thursday noted that he doesn't expect to see a recession in 2020 despite the sluggi
The yellow metal is trading in a bull flag, making lower lows and lower highs as it trading below the 50 and 100-day simple moving averages (DMAs).
"Monetary policy is trying to keep the overall economy in a good place," John Williams, president of the Federal Reserve Bank of New York, said at a c
ABN AMRO Senior Economist Arjen van Dijkhuizen said the latest macroeconomic data releases from China suggest that China has incentive to end tariff t
USD/CAD has been moving steadily higher over the last few sessions. Now the price is headed toward two trendlines and a resistance point at 1.3291. Th
The USD/JPY pair came under renewed bearish pressure during the American tracing hours and slumped to its lowest level in ten days at 108.25 as the di
Cable has been in a consolidation phase ever since Boris Johnson and the EU announced a deal had been agreed between the pair. Now it seems that the p
Speaking at the start of a conference on Asian economic policy at the San Francisco Fed, John Williams, president of the Federal Reserve Bank of New Y
The pound is currently correcting the October’s rally in the 1.2800-1.3000 price zone. GBP/USD, in last month, reached levels not seen since mid-May 2019.
United States 4-Week Bill Auction climbed from previous 1.535% to 1.565%
While testifying before the US House Budget Committee, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, said that there i
The Fiber, on the daily chart, is trading in a bear trend below its main daily simple moving averages (DMAs). This Thursday, the market is remaining trapped in
Updates to follow...
The AUD/USD pair keep falling after the beginning of the American session and printed a fresh four-week low at 0.6768. As of writing trades at 0.6775,
United States EIA Crude Oil Stocks Change above forecasts (1.649M) in November 8: Actual (2.219M)
Fed's Powell is testifying again today in front of the joint committee and here are some of his key comments listed below: The Fed moves in repo marke
United States EIA Natural Gas Storage Change came in at 3B, above forecasts (0B) in November 8
Federal Reserve Chairman Powell says US trade tensions have contributed to manufacturing recession this year. The Fed does not yet see trade tensions
Colombia Industrial output (YoY) up to 0.3% in September from previous 0.1%
DXY (US Dollar Index) is trading in a bull trend above the main daily simple moving averages (DMAs). This Thursday the Greenback is once again challenging the
Colombia Retail Sales (YoY) dipped from previous 9.5% to 6.9% in September
Colombia Trade Balance climbed from previous $-1426.6M to $-916.2M in September
WTI has been on the rise today and trades 0.40% higher on the session. This is due to the OPEC report published earlier. Over the last few days the pr
WTI has been on the rise today and trades 0.40% higher on the session. This is due to the OPEC report published earlier. Over the last few days, the p
Wall Street's main indexes started the day with small losses on Thursday as investors stay on the sidelines while waiting for fresh developments surro
US equities gauged by the DowJones are correcting lower on Thursday after reaching record highs beyond the 27,800 handle on Wednesday. Dow Jones Index
The NZD/USD pair failed to capitalize on the previous session's post-RBNZ upsurge to over one-week tops and started retreating from a resistance marke
According to Reuters, Jerome Powell's, Chair of the Board of Governors of the Federal Reserve System, prepared remarks to be delivered to US House Bud
The pound is currently correcting last month’s rally in the 1.2800-1.3000 price zone. GBP/USD, in October, hit levels not seen since mid-May 2019.
In his prepared speech delivered at a conference in Philadelphia, Chicago Federal Reserve Bank President Charles Evans refrained from commenting on th
While speaking at a conference in Frankfurt on Thursday, Dutch Central Bank chief and European Central Bank Governing Council Klaas Knot argued that f
In his prepared remarks delivered at Cato Institue's 37th Annual Monetary Conference, Richard H. Clarida, Vice Chairman of the Federal Reserve Board,
The Kiwi Dollar is expected to tarde within the broad 0.6350/0.6465 range vs. the greenback in the near term, suggested FX Strategists at UOB Group. K
The USD/CAD pair gained some follow-through traction for the fifth consecutive session on Thursday and climbed to fresh one-month tops, around the 1.3
EUR/USD Overview Today last price 1.0999 Today Daily Change 26 Today Daily Change % -0.08 Today daily open 1.1008 Trends Daily SMA20 1.1098 Daily SMA
Dollar Index Spot Overview Today last price 98.38 Today Daily Change 13 Today Daily Change % 0.04 Today daily open 98.34 Trends Daily SMA20 97.74 Dai
Marijke Zewuster, head of emerging markets at ABN AMRO, suggests that unfortunately, approval of the pension reform and lower interest rates of Brazil
The lack of positive developments surrounding the United States (US)-China trade talks continues to weigh on the market sentiment and help the safe-ha
The dollar has pushed slightly higher following the data that beat expectations. The Producer Price Index (PPI) measures the change in input prices of
United States Continuing Jobless Claims registered at 1.683M, below expectations (1.687M) in November 1
Canada New Housing Price Index (YoY) up to -0.1% in September from previous -0.3%
United States Producer Price Index ex Food & Energy (YoY) above forecasts (1.5%) in October: Actual (1.6%)
United States Producer Price Index (YoY) came in at 1.1%, above forecasts (0.9%) in October
United States Producer Price Index (MoM) came in at 0.4%, above forecasts (0.3%) in October
United States Initial Jobless Claims above expectations (215K) in November 8: Actual (225K)
United States Producer Price Index ex Food & Energy (MoM) registered at 0.3% above expectations (0.2%) in October
Canada New Housing Price Index (MoM) above expectations (0.1%) in September: Actual (0.2%)
United States Initial Jobless Claims 4-week average came in at 217K, above expectations (214.622K) in November 8
Jane Foley, senior FX strategist at Rabobank suggests that GBP has found support on the prediction that the Tory party may have enough support to form
The USD/CHF pair maintained its offered bias through the mid-European session, albeit has managed to recover a part of its early lost ground to 1-1/2
Russia Central Bank Reserves $ dipped from previous $542.9B to $541.1B
Marijke Zewuster became Head of Emerging Markets at ABN AMRO, suggests that Brazil’s economic figures available for the third quarter and beyond indee
Analysts at TD Securities note that the German GDP surprised to the upside at +0.1% q/q for Q3 (market -0.1%), managing to avoid a technical recession
European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau on Thursday argued that economic conditions in Germany warrant fiscal
The GBP/JPY cross edged lower through the mid-European session on Thursday and is currently placed near the lower end of its multi-week trading range,
The Indian Rupee keeps the positive performance unchanged so far on Thursday, taking USD/INR to the mid-71.00s where it met some decent support for th
Commenting on today's Gross Domestic Product (GDP) data from Germany, which showed that the economy expanded by 1% on a yearly basis in the third quar
The Organization of the Petroleum Exporting Countries (OPEC) in its latest report announced that it left its forecast for 2020 global oil demand growt
FX Strategists at UOB Group suggested USD/CNH could now attempt some consolidation after charting a short-term bottom. Key Quotes 24-hour view: “We hi
GBP has moved lower in the past few hours or so on some general USD strength but this latest news will not help push sterling higher. Since Nigel Fara
EUR/JPY Overview Today last price 119.43 Today Daily Change 46 Today Daily Change % -0.26 Today daily open 119.74 Trends Daily SMA20 120.68 Daily SMA
Prices of the precious metal keep the positive performance in the second half of the week, although the $1,470 region continues to cap the upside for
The GBP/USD pair failed to capitalize on its attempted intraday positive move and has now retreated to the lower end of its daily trading range, back
Overnight AUD/USD underperformed after the October employment change data recorded at -19.0K vs the expected 15.0K and previous of 14.7K. The weakness
When asked if he trusts British Prime Minister Boris Johnson, "not really," Brexit Party leader Nigel Farage said on Thursday but added that odds were
Brexit Party leader Nigel Farage on Thursday said they will fight the Labout party in all of its seats. The British pound's reaction has been so far l
In view of FX Strategists at UOB Group, USD/JPY is now seen within a consolidative fashion. Key Quotes 24-hour view: “We highlighted yesterday “the un
The NZD/USD pair registered a daily gain of around 80 pips on Wednesday boosted by the Reserve Bank of New Zealand's (RBNZ) surprise decision to keep
European Central Bank's (ECB) chief economist Philip Lane on Thursday said the euro's exchange rate was not a policy target for the ECB, as reported b
Analysts at TD Securities are expecting the Fed Chair Powell to largely reiterate his Wednesday's remarks in its second day at Congress. Key Quotes “T
EUR/USD has been on the decline over the last couple of sessions but has been under pressure since 4th November. The 61.8% Fibonacci level holds just
In view of Richard Franulovich, head of FX strategy at Westpac, near term USD bounce can extend further as last minute jitters set in about phase one
China's customs on Thursday announced that they will be removing restrictions on the import of poultry meat from the United States, effective immediat
The Indian currency is now picking up some traction and drags USD/INR to fresh lows in sub-72.00 levels. US Dollar / Indian Rupee looks to US data, Po
The USD/JPY pair extended its recent pullback from multi-month tops and remained under some selling pressure for the fifth consecutive session on Wedn
Iris Pang, economist at ING, points out that China’s fixed asset investment grew only 5.2% year-on-year, year-to-date in October, marking its slowest
"We are going to hit the lower bound of interest rates much more frequently," Luis de Guindos, Vice-President of the European Central Bank (ECB), said
After hearing earlier in the session that Germany has avoided a recession the has been some more good news for the Eurozone. The Euro area has been su
The ECB Vice President Luis de Guindos crossed the wires in the last hour, saying that monetary policy cannot address all the problems in the global e
European Monetary Union Employment Change (QoQ) registered at 0.1%, below expectations (0.2%) in 3Q
European Monetary Union Employment Change (YoY) meets forecasts (1%) in 3Q
European Monetary Union Gross Domestic Product s.a. (YoY) came in at 1.2%, above forecasts (1.1%) in 3Q
European Monetary Union Gross Domestic Product s.a. (QoQ) in line with forecasts (0.2%) in 3Q
According to Sean Callow, analyst at Westpac, AUD is clearly weakest in the G10 over the week after today’s employment data and has raised caution ove
Ahead of the UK retail sales data, there was some GBP strength entering the market. GBP/USD spiked higher to 1.2867 and EUR/GBP hit a low of 0.85493.
Analysts at National Australia Bank (NAB) suggest that hopes of a US-China ‘Phase One’ trade agreement have lifted financial markets and while it is u
The US benchmark index for equities closed for the fifth consecutive day with gains on Wednesday, including a move beyond the 27,800 pts to record an
The headline UK retail sales came in to show an unexpected fall of 0.1% in October as compared to 0.2% growth expected and a flat reading recorded in
FX Strategists at UOB Group noted further downside in Cable looks unlikely, while they keep favouring the continuation of the rangebound theme in the
Portugal Gross Domestic Product (QoQ) dipped from previous 0.5% to 0.3% in 3Q
Portugal Gross Domestic Product (YoY) climbed from previous 1.8% to 1.9% in 3Q
United Kingdom Retail Sales (YoY) registered at 3.1%, below expectations (3.7%) in October
United Kingdom Retail Sales ex-Fuel (YoY) below forecasts (3.4%) in October: Actual (2.7%)
United Kingdom Retail Sales ex-Fuel (MoM) below expectations (0.2%) in October: Actual (-0.3%)
United Kingdom Retail Sales (MoM) came in at -0.1% below forecasts (0.2%) in October
The DXY hourly chart looks to have hit a ceiling at the 98.45 area. It seems now that that the dollar may be looking to take a breather after a couple
Following the release of the Q3 GDP report, the German economy ministry was out with some comments in the last hour and said that business climate ind
Analysts at Standard Chartered points out that China’s October growth data underwhelmed market expectations with industrial production (IP) growth slo
Karen Jones, analyst at Commerzbank, suggests that USD/JPY is starting to balk at tough resistance which extends from current levels up to the 2015-20
The USD/CAD pair held steady above mid-1.3200s, or near five-week tops, with bulls still awaiting a move beyond the very important 200-day SMA. The pa
EUR/USD remains under pressure, although a breach below the 1.0970 region seems to be losing some traction, in opinion of FX Strategists at UOB Group.
The once troy of the yellow metal is prolonging the positive streak on Thursday and approaches the $1,470 region. Gold up on weak-USD, looks to trade,
The USD/CHF pair came under some fresh selling pressure during the early European session on Thursday and tumbled to 1-1/2 week lows, around the 0.987
Netherlands, The Gross Domestic Product n.s.a (YoY) above forecasts (1.7%) in 3Q: Actual (1.9%)
Netherlands, The Gross Domestic Product s.a (QoQ) above forecasts (0.3%) in 3Q: Actual (0.4%)
Sweden Unemployment Rate registered at 6%, below expectations (6.7%) in September
Carsten Brzeski, chief economist at ING, notes that the German economy avoided a technical recession in the third quarter, growing by a surprising 0.1
Philippines BSP Interest rate decision meets expectations (4)
Gold edged higher through the early European session on Thursday and is currently placed at the top end of its weekly trading range, around the $1466-
Spain HICP (MoM) came in at 0.7%, above forecasts (0.6%) in October
Spain HICP (YoY) meets forecasts (0.2%) in October
Spain Consumer Price Index (YoY) meets forecasts (0.1%) in October
Spain Consumer Price Index (MoM) meets forecasts (1%) in October
Deutsche Bank analysts point out that China’s October economic data released was weaker across the board with industrial production coming in at +4.7%
France Inflation ex-tobacco (MoM) rose from previous -0.3% to 0% in October
France Consumer Price Index (EU norm) (MoM) meets forecasts (-0.1%) in October
France Consumer Price Index (EU norm) (YoY) meets expectations (0.9%) in October
The AUD/USD pair added to its heavy intraday losses and dropped to near one-month lows in the last hour, with bears now looking to extend the slide fu
Karen Jones, analyst at Commerzbank, suggests that GBP/USD continues to attempt to recover from the 1.2764/ 23.6% retracement. Key Quotes “It is curre
Switzerland Producer and Import Prices (MoM) came in at -0.2% below forecasts (-0.1%) in October
Switzerland Producer and Import Prices (YoY) came in at -2.4% below forecasts (-1.9%) in October
GBP/USD has been losing some ground as the US dollar advanced, and its path to the upside may now be blocked. The Technical Confluences Indicator is s
The selling momentum around the European currency remains unabated and is dragging EUR/USD to fresh multi-week lows in the 1.0990 region on Thursday.
Robert Carnell, chief economist at ING, points out that in 1Q14, the last quarter ahead of the April 2014 consumption tax hike, Japanese GDP growth ac
The USD/JPY pair traded with a negative bias for the fifth consecutive session on Thursday and is currently placed near the lower end of its weekly tr
Germany Gross Domestic Product w.d.a (YoY) in line with forecasts (0.5%) in 3Q
Germany Gross Domestic Product (YoY) above expectations (0.9%) in 3Q: Actual (1%)
Germany Gross Domestic Product (QoQ) registered at 0.1% above expectations (-0.1%) in 3Q
German GDP arrives at +0.1% QoQ in Q3 vs. -0.1% expected. German GDP stands at +1.0% YoY in Q3 vs. +0.9% expected.
According to Danske Bank analysts UK retail sales for October could get a boost from Brexit stockpiling. Key Quotes “In March, hoarding ahead of the o
more to come The continent's largest economy previously reported a contraction in the second quarter. The manufacturing slump, driven by slower demand
Turkey Industrial Production (YoY) up to 3.4% in September from previous -3.6%
According to Karen Jones, analyst at Commerzbank, EUR/USD remains on the defensive and the market is facing an uphill battle to stabilise and recover.
The UK retail sales, scheduled to be published later this session at 0930 GMT, are expected to come in at 0.2% MoM in October, following no growth see
Economist at UOB Group Lee Sue Ann reviewed the recent decision by the RBNZ to keep the OCR unchanged at 1.00%. Key Quotes “At its last monetary polic
CME Group’s advanced figures for JPY futures markets noted open interest and volume rose for yet another session, now by around 1.2K contracts and nea
India WPI Inflation came in at 0.16%, above expectations (0%) in October
France ILO Unemployment above expectations (8.4%) in 3Q: Actual (8.6%)
Here is what you need to know on Thursday, November 14: - Fed: Jerome Powell, Chairman of the Federal Reserve, has said that the economy and monetary
Open interest in GBP futures rose for the third session in a row on Wednesday, this time by just 249 contracts according to preliminary readings from
FX option expiries for Nov 14 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.0900 873m 1.1000 697m 1.1040 822m 1
In light of flash data for EUR futures markets from CME Group, investors kept adding contracts to their open interest positions on Wednesday, this tim
ANZ analysts note that nationwide, New Zealand’s house prices were up 0.9% m/m in October, to be up a strong 2.5% q/q while annual house price inflati
Analysts at TD Securities are in line with consensus in looking for German Q3 GDP to come in at -0.1% q.q, putting Germany officially in a technical r
The greenback, in terms of the US Dollar Index (DXY), is extending the positive performance in the second half of the week and trades near the 98.40 r
The US-based Moody's Investors Service offers key insights on the global economic outlook, in its latest report on Thursday. Key Highlights: Global ec
With no respite from Hong Kong protests and an on-going trade tussle between the United States (US) and China, Asian shares remain under pressure.
The renewed US-China trade tensions, escalating Hong Kong protests and poor macro news from leading Asia-pac economies once again induced a risk-off m
Analysts at ANZ note that New Zealand’s ANZ Monthly Inflation Gauge was up 0.2% m/m in October, supported by accommodation services, domestic airfares
Despite trading near the highest in nearly five weeks, USD/CAD is likely to find multiple resistances on the upside as it takes rounds to 1.3260.
Robert Carnell, chief economist at ING, notes that Australia’s headline employment figure showed a much larger than expected 19 thousand decline in Oc
Betty Wang, analyst at ANZ, points out that China’s manufacturing sector remained sluggish in October with no immediate respite likely, despite previo
Optimism surrounding the UK’s political plays confronts the broad US dollar (USD) strength ahead of the British Retail Sales data for October.
German gross domestic product (GDP) due at 07:00 GMT is expected to show the economy contracted 0.1% quarter-on-quarter in June to September (Q3) peri
Felicity Emmett, senior economist at ANZ, suggests that Australia’s 19k drop in employment in October was the first drop since September 2016 and even
Japan Tertiary Industry Index (MoM) above forecasts (-0.6%) in September: Actual (1.8%)
Gerard Burg, senior economist at National Australia Bank (NAB) points out that most of China’s indicators were relatively weak in October as in additi
Escalating protests in Hong Kong and uncertainty surrounding the US-China trade deal exert downside pressure on the USD/JPY pair as it drops to multi-day low.
Following initial uptick to the highest since September 04, USD/INR pulls back to 72.22, during Thursday’s pre-European session, as traders await Indian WPI.
Following no respite from the protests started since Monday, Hong Kong Government (Govt.) recently announced the suspension of schools will stretch.
Given the disappointment from China’s data-dump, NZD/USD extends pullback from near-term key resistance confluence as it trades around 0.6390.
According to the UK’s Brexit Party leader Nigel Farage, he would take on Labour and remainer parties in the election, as cited by Reuters. Key Quotes:
Following the releases of downbeat Chinese activity data, the spokesman for the country’s stats bureau, National Bureau of Statistics (NBS) highlighte
China’s key statistics add to the AUD/USD pair traders' disappointment during early Thursday.
China’s October Retail Sales YoY, the number arrived at +7.2% vs. +7.9% exp and +7.8% last, with Industrial Output YoY at +4.7% and +5.4% exp and +5.8
China Fixed Asset Investment (YTD) (YoY) registered at 5.2%, below expectations (5.4%) in October
China Industrial Production (YoY) registered at 4.7%, below expectations (5.4%) in October
China Retail Sales (YoY) registered at 7.2%, below expectations (7.9%) in October
Michele Bullock, RBA Assistant Governor (Financial System), was on the wires earlier today, with the key comments reported by Bloomberg are hereunder.
The Hong Kong civil unrest and violence take an ugly turn for the fourth straight day on Thursday, after the police reported that a man dressed in bla
Despite staying below 200-bar Simple Moving Average (SMA), EUR/USD bounces off 61.8% Fibonacci retracement of its October month upside.
While carrying forward its near-term trading range between 21-day EMA and a four-week-old falling trend line, the GBP/JPY pair trades around 139.77.
On Thursday, China’s central bank, the People's Bank of China (PBOC), set the Yuan reference rate at 7.0083 versus Wednesday’s fix at 7.0026.
Fed's Harker: FOMC should hold steady More to come
While the US-China trade stalemate was already exerting downside pressure on the AUD/JPY pair, a surprise negative AU data dragged the quote even lower.
Reuters reports the latest comments from the Japanese Economy Minister Yasutoshi Nishimura, as he expresses his afterthoughts on the below forecasts J
Reserve Bank of New Zealand (RBNZ) Deputy Governor Bascand was on the wires some minutes ago, via Reuters, throwing some fresh insights into Wednesday
Australia Part-Time Employment up to -8.7K in October from previous -11.4K
Having witnessed a surprise drop in Australian Employment Change, AUD/USD nosedives to 0.6812 by the press time of early Thursday.
Australia Consumer Inflation Expectations came in at 4%, above expectations (3.2%) in November
Australian Employment Change arrives at -19k in Oct vs. +15k expected – Aussie drops sharply More to come
Australia Participation Rate below expectations (66.1%) in October: Actual (66%)
Australia Employment Change s.a. below forecasts (15K) in October: Actual (-19K)
Australia Fulltime Employment declined to -10.3K in October from previous 26.2K
Australia Unemployment Rate s.a. meets expectations (5.3%) in October
The USD/JPY pair stalls its recovery from six-day lows of 108.65 and holds its range around 108.80 region, as the renewed US-China trade jitters negat
China’s Global Times recently ran a story, while relying on the People's Liberation Army (PLA) Eastern Theater Command, that threaten market sentiment.
Not only a lack of clear signal concerning the US-Sino trade deal but the inability of the global policymakers to provide any direct hints adds to gold strength
United Kingdom RICS Housing Price Balance below expectations (-4%) in October: Actual (-5%)
Japan’s economy grew an annualized 0.2% in June-September, less than the estimate of a 0.8% expansion and +1.3% seen last, the preliminary data from t
Japan Gross Domestic Product Deflator (YoY) meets forecasts (0.6%) in 3Q
Japan Gross Domestic Product Annualized below forecasts (0.8%) in 3Q: Actual (0.2%)
Japan Gross Domestic Product (QoQ) below forecasts (0.2%) in 3Q: Actual (0.1%)
Japan Foreign Bond Investment declined to ¥528.8B in November 8 from previous ¥668.1B
Japan Foreign Investment in Japan Stocks climbed from previous ¥420.9B to ¥569.5B in November 8
WTI (oil futures on NYMEX) started out this Thursday modestly flat, although remains close to Wednesday’ high of 57.53, reached after the release of t
With the consecutive two Doji formations of the GBP/USD pair’s daily chart, the quote portrays traders’ indecision while taking rounds to 1.2850.
Amid pessimism surrounding the US-China trade deal, AUD/USD traders will keep an eye over the Aussie jobs report.
The UK’s Daily Telegraph is out with the latest story, citing that the ruling Conservatives Party has offered an electoral pact to Brexit Party’s lead
With the RSI returning to normal conditions, AUD/JPY bounces off 100-day EMA while trading around 74.40 during the initial Thursday morning in Asia.
Towards NY closing, San Francisco Fed President Mary Daly crossed the wires, via Reuters, speaking in an interview with Bloomberg TV. Key Quotes: Rate
A lack of consensus on the US-China phase one deal joins upbeat catalysts from the United States (US) to drag the AUD/USD pair down recently.
While speaking before the leaders of Brazil, Russia, India, China and South Africa (BRICS) countries in Brazil late-Wednesday, Russian President Vladi
The European Union (EU) Trade Commissioner-designate Phil Hogan was on the wires last minutes, via RTE, noting that “the UK consumers will expect Brit
The Euro, on the daily chart, is trading in a bear trend below the main daily simple moving averages (DMAs). This Wednesday, the market is ending the day virtu