Here is what you need to know on Tuesday, January 21st: A holiday in the US kept majors confined to limited intraday ranges. The American dollar, howe
The USD/MXN bottomed on Monday at 18.64, the lowest intraday level since September 2018 and then it bounced to the upside. Near the end of the session
In an article in the Finacial Times, UK's PM Boris Johnson is quoted saying that he will hold bilateral trade deals between the UK and US at the same
GBP/USD is trading between a low of 1.2961 and 1.3008, relatively flat on the day at this juncture, in a market for the pound immersed in dovish rheto
US President Donald Trump, and Emmanuel Jean-Michel Frédéric Macron, have agreed to carry on talks on the digital tax until end-2020, according to Reu
The USD/CAD pair found resistance at 1.3070 earlier today and dropped to 1.3042 during the American session, reaching a fresh daily low. It is hoverin
Gold has been consolidating with a large speculative build up in the 1560s and the largest divergence between large speculators and commercials since
The Hill reports that "President Trump’s lawyers on Monday filed a brief urging the Senate to "swiftly" reject the impeachment charges against him, ca
Eurogroup’s Centeno has been reported saying that some uncertainties surrounding Brexit and trade have lessened. What is being referred to is unclear.
Analysts at Citibank think pessimism regarding the Eurozone outlook may be overdone especially if Brexit is resolved and the European Central Bank (EC
Analysts at MUFG Bank, see the USD/JPY pair with some bullish potential. They expect the pair to trade over the next weeks in the 107.00-112.00 range.
The EUR/USD pair dropped further during the American session and bottomed at 1.1075, the lowest intraday level since December 24. As of writing, it tr
Analysts at Danske Bank point out that the concessions in the phase-one deal are all in China's own interest, as it wants to be an innovation society...
The US Dollar Index (DXY), which gauges the greenback vs. a bundle of its main rivals, is trading within a consolidative mood around the 97.70 region.
Prices of the barrel of the West Texas Intermediate (WTI) are trading on a firmer tone at the beginning of the week, managing to clinch tops in the vi
The GBP/USD pair is currently placed near the top end of its daily trading range, with bulls now looking to build on the momentum further beyond the k
AUD/USD is nearing the monthly lows while trading below the 50/200-day simple moving averages (SMAs), suggesting an overall bearish momentum.
USD/CAD is regaining some strength after hitting the 1.2900 figure at the start of the month. However, the currency pair is still trading below the main daily
The USD/INR cross edged higher for the third consecutive session on Monday and built on its recent bounce from one-month lows, or the very important 2
The International Monetary Fund (IMF), in the latest update released this Monday, lowered its 2020 global economic growth forecast to 3.3% from 3.4% e
The USD/JPY pair remained confined in a narrow trading range above the key 110.00 psychological mark and consolidated the recent gains to multi-month
USD/JPY is in consolidation mode after the January spike above the 110.00 handle and the main simple moving averages (SMAs). The spot is hovering near its high
Analysts at The Royal Bank of Scotland (RBS) offered a brief preview of the upcoming Bank of England monetary policy meeting and explained the rationa
The now better tone in the British pound is forcing EUR/GBP to leave behind initial gains and recede to the 0.8530/25 band. EUR/GBP remains sidelined
The UK Prime Minister Boris Johnson's spokesman was out with some comments in the last hour and said that the government will set out in public what i
In opinion of FX Strategists, USD/CNH could slip back to the 6.84 region in the next weeks. Key Quotes 24-hour view: “While our view for USD to weaken
EUR/USD is adding to Friday’s pullback and trades in fresh yearly lows around 1.1080. The selling pressure has accelerated following the breach of the
The AUD/USD pair failed to capitalize on its early uptick and dropped to over one-week lows, around the 0.6860 region during the mid-European session
The index is extending the positive momentum sparked at the end of last week and clinches fresh 2020 highs around 97.70, where sits the 200-day SMA. I
XAU/USD is trading in an uptrend above the main daily simple moving averages (SMAs). After a failure at the 1600 mark earlier in the month, the metal is regai
The upside momentum in EUR/JPY appears to have run out of steam in the vicinity of the key barrier at 123.00 the figure, sparking a sharp correction t
The GBP/USD pair remained depressed for the second consecutive session and extended the previous session's sharp intraday pullback from levels beyond
After failing to extend the rally further north of the 122.60 region, the cross is now expected to face downside pressure, noted Karen Jones, Team Hea
FX Strategists remain bullish on USD/JPY and expect the pair to move to the 110.70 region in the short-term. Key Quotes 24-hour view: “Our expectation
These are the main highlights of the latest CFTC Positioning Report for the week ended on January 14th: Net longs in the sterling climbed to the highe
Analysts at Rabobank offered a brief overview of this week's key central bank meetings – the Bank of Japan on Tuesday, followed by the Bank of Canada
WTI (oil futures on NYMEX) is seen surrendering most gains induced by the news that two large crude oil fields are shutdown in Libya following a milit
Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, believes Cable could shed further ground and visit 1.2847. Key Quotes “GBP/USD
EU Trade Commissioner Phil Hogan while speaking in Brussels urged China to make concrete progress on opening up its market. More to come …
Open interest in Copper futures markets went down by almost 2.5K contracts on Friday according to CME Group’s preliminary prints. In the same line, vo
EUR/USD is trading in a weak downtrend below the 200-day simple moving average (SMA). EUR/USD is kicking off the new week trading just below the 1.1100 level
The Aussie dollar could debilitate further and re-visit the mid-0.6800s vs. the greenback in the next weeks, suggested FX Strategists at UOB Group. Ke
According to the latest data published by China’s National Bureau of Statistics (NBS), Beijing has made upward revisions to its economic growth by 0.1
CME Group’s preliminary readings for Crude Oil futures markets noted both open interest and volume went down by almost 45K contracts and around 171.2K
Greece Current Account (YoY) dipped from previous €-0.673B to €-1.392B in November
Moody’s Investors Service, the US-based rating agency, made some comments on the UK economic outlook amid looming Hard Brexit risks and Bank of Englan
In light of advanced data for Gold futures markets, traders added around 1.1K contracts to their open interest positions in Friday, as per CME Group’s
The GBP/JPY cross edged lower for the second consecutive session on Monday, with bears looking to extend the downfall further below the 143.00 round-f
In light of the recent price action, EUR/USD could extend the leg lower to the 1.1066 level, noted Karen Jones, Team Head FICC Technical Analysis Rese
Cable faces extra downside risks and could drop to the 1.2950 region, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “Our view for GB
The single currency is looking to regain some of its shine lost on Friday and is now lifting EUR/USD to the boundaries of the 1.1100 mark, posting mar
Hong Kong SAR Unemployment rate above expectations (3.2%) in December: Actual (3.3%)
According to Carsten Brzeski, Chief Economist at ING Germany, this week's European Central Bank meeting should be rather uneventful regarding monetary
EUR/JPY daily chart After Friday’s bearish candle, the spot is starting the week near its lowest in the last four trading sessions just above the 122
The USD/CHF pair was seen oscillating in a narrow trading band below the 0.9700 mark on Monday and consolidated the previous session's goodish positiv
According to the latest opinion piece carried by Bloomberg on Monday, the Indonesian rupiah is likely to emerge as Asia’s beat performing currency thi
USD/INR extended last week’s recovery momentum into Monday, as the bulls reached a new six-day high at 71.122 before entering a phase of consolidation
The US Dollar Index (DXY) is trading near the January highs while challenging a descending trendline originating from October 2019.
The USD/CAD pair remained on the defensive through the early European session on Monday, albeit held well within the previous session's broader tradin
USD/JPY is consolidating its January spike above the 110.00 handle and the main simple moving averages (SMAs). The market is trading near its highest since mid
The Danske Bank Research Team highlights key macroeconomic events of note in the week ahead, with the central bank likely to hog the limelight. Key Qu
The AUD/USD pair regained some positive traction on the first day of a new trading week and recovered a part of the previous session's slide to one-we
Germany Producer Price Index (MoM) meets forecasts (0.1%) in December
Germany Producer Price Index (YoY) above expectations (-0.6%) in December: Actual (-0.2%)
GBP/USD has been on the back foot after weak UK data and concerns about Brexit. Where next? The Technical Confluences Indicator is showing that cable
In opinion of Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, the pair could attempt a move to the 0.9710 region. Key Quotes “
Preliminary figures for JPY futures markets saw open interest shrinking by just 171 contracts on Friday according to CME Group. In the same direction,
Here is what you need to know on Monday, January 20: GBP/USD is under pressure after the UK Chancellor of the Exchequer Sajid Javid said that the UK m
FX option expiries for Jan 20 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.1015 979m 1.1100 756m 1.1105 692m 1
CME Group’s advanced figures for GBP futures markets noted investors added just 241 contracts to their open interest position at the end of last week,
Kaushik Das, Deutsche Bank India Chief Economist, said in his latest client note on Monday, any change in stance by the Reserve Bank of India (RBI) in
XAU/USD is trading in a bull trend above the main simple moving averages (SMAs). After a rejection of the 1600 mark earlier in January, the market is now grind
Ho Woei Chen, CFA, Economist at UOB Group, expects the Bank of Korea (BoK) to leave the policy rate unchanged throughout the current year. Key Quotes
According to flash data for EUR futures markets from CME Group, open interest rose by nearly 3.8K contracts on Friday. Volume, instead, reversed to co
Economist How Woei Chen, CFA, at UOB Group assesses the recent GDP figures in China and prospects for this year. Key Quotes “In line with our forecast
Following Wall Street’s notable gains on Friday, Asian stocks extend their northward trajectory ahead of Monday’s European session.
Amid increased government support from both China and Australia to support the economy, investors ignored the latest Mid East flare-up concerning Liby
The euro is trading in a weak bear trend below the 200-day simple moving average (SMA). EUR/USD is starting the new week just below the 1.1100 level and the 50
The greenback, in terms of the US Dollar Index (DXY), is trading without a clear direction at the beginning of the week in the 97.60 region. US Dollar
EUR/GBP takes the bids to 0.8540 while heading into the European session on Monday. The pair recently took a U-turn from 21-day EMA, amid bullish MACD.
Reuters reports the latest comments from the Australian treasurer, Josh Frydenberg, as he speaks about the impact of the Australian bushfire on the ec
Despite pulling back from the intra-day high of 71.30, USD/INR stays positive while taking rounds to 71.07 during the pre-European session on Monday.
Analysts at Australia and New Zealand Banking Group (ANZ) provide their afterthoughts on the US economic data released last Friday. Key Quotes: “Housi
Following its brief dip beneath 1.3000, to the intra-day low of 1.2994, GBP/USD seesaws near 1.3000 while heading into the London open on Monday.
Japan Industrial Production (YoY) below expectations (-8.1%) in November: Actual (-8.2%)
Japan Industrial Production (MoM) came in at -1%, below expectations (-0.9%) in November
Japan Capacity Utilization came in at -0.3%, below expectations (0.7%) in November
The latest Reuters poll of economists revealed that the Bank of Japan’s (BOJ) next monetary policy move is likely to be the tapering of its massive st
EUR/USD is looking weak, having registered its biggest single-day decline in over two weeks on Friday. The pair fell 0.43%, its biggest single-day los
USD/IDR stays above the medium-term trend line supports while trading around 13,650 ahead of the European session on Monday.
Elliot Clarke, Analyst at Westpac expresses his take on the Chinese economic prospects, in light of the US-China phase one trade deal reached last wee
USD/CHF's sell-off seems to have run out of steam, technical charts indicate. The pair jumped 0.30% on Friday, confirming a bullish divergence of the
Rini Sen and Sanjay Mathur from the Australia and New Zealand Banking Group (ANZ) cite the latest pick-up in consumption and activity indicators from
Gold prices seesaw around $1,558 during early Monday. The yellow metal recently took a U-turn from multi-day-old horizontal resistance.
USD/INR jumped 0.17% on Friday, confirming a sideways channel breakout on the hourly chart. The breakout indicates the sell-off from the monthly high
China’s highly influential daily, Global Times, carries an opinion piece on Monday, calming down the worries fanned by several media outlets over the
The Westpac analysts believe that the Libyan geopolitical tensions will remain the main driver for the energy markets in the week ahead. Key Quotes: “
Bank of Canada (BOC) will keep its overnight rate unchanged at 1.75% on Dec. 22 and maintain its cautiously optimistic tone, according to analysts at
Speaking at a press conference in Beijing on Monday, China’s Industry Minister Miao Wei said China faces big pressure in stabilizing industrial output
Analysts at Scotiabank offer their bullish view on the EUR/USD pair, citing any dip below 1.1100 as a “clear buying opportunity”. Key Quotes: “Bullish
USD/JPY is currently trading near 119.20, having found bids at 110.06 in early Asia. The bounce has confirmed a flag breakout on the 5-minute chart an
NZD/USD takes rounds to 0.6620 during early Monday. The pair seems to recover from the intra-day low of 0.6606 but stays well below the short-term resistance.
On Sunday, the US-based rating agency, Fitch Ratings, affirmed Germany’s sovereign credit rating at AAA while maintaining a Stable outlook. Key Findin
EUR/JPY has met the top of the downside channel and sellers will be looking to add to the overall downtrend, trading with the trend, encouraged by the
AUD/JPY is reporting marginal gains at press time, despite tensions in the Middle East, although the upside is being capped by the descending 5-day mo
USD/CNH declines to 6.8630, after marking a low of 6.8592, as China’s central bank left key lending rates unchanged on early Monday.
The Global Times reports that "with the signing of the phase-one trade deal between China and the US, the 22-month-long tariff escalation is tapering
The Bank of Japan (BOJ) on Tuesday will maintain its current measures, including guiding long-term interest rates to around zero, keeping short-term i
China PBoC Interest Rate Decision: 4.15%
The People’s Bank of China (PBOC) announced on Monday that it kept the one-year loan prime rate (LPR) unchanged at 4.15% this month. Meanwhile, the fi
AUD/USD bounces off 0.6873 to the intra-day high of 0.6884 by the press time early Monday.
The People's Bank of China (PBOC) has set the Yuan reference rate at 6.8664 versus Friday's fix at 6.8878.
USD/CAD trades near the intra-day high close to 1.3070 during the Asian session on Monday.
West Texas Intermediate (WTI) is currently trading at least 20 cents below the 200-hour moving average (MA) at $59.28, having hit a session high of $5
AUD/NZD is currently trading at 1.0399 having travelled between a low of 1.0386 and 1.0403. The markets have been waiting patiently for good old fashi
EUR/USD fell 0.30% last week, having registered moderate losses in the preceding two weeks. The single currency’s three-week losing run is the longest
GBP/JPY trades modestly changed to 143.35 during Monday’s Asian session. That said, the pair holds its break of the short-term ascending triangle form
Gold prices stay mostly downbeat while taking rounds to $1,557.20, following an uptick to $1,559, during the early hours of Monday’s trading.
United Kingdom Rightmove House Price Index (YoY) rose from previous 0.8% to 2.7% in January
United Kingdom Rightmove House Price Index (MoM) climbed from previous -0.9% to 2.3% in January
NZD/USD fails to defy the earlier weakness while trading around 0.6610 during the Monday morning in Asia.
GBP/USD opened with a gap to the downside of a handful of pips, but significantly, cable broke below the 1.30 handle for the first time since January'
WTI begins the week’s trading with a leap from Friday’s close of $58.60 to $59.25. The black gold portrays the oil traders’ upbeat sentiment backed by
AUD/JPY declines to 75.70 during the initial Asian session on Monday. That said, the pair has been weaker since taking a U-turn from 76.25 on late-Thursday.
USD/JPY seesaws near 110.00 during the early Monday morning in Asia. The Pair initially reacted to the risk-off moves, due to weekend news from Libyan