USD/INR remains under pressure as US-China tussle dominates Asia Given the US-China jitters’ negative impact on Asian markets, not to forget the over
The GBP/USD pair extended this week's pullback from the vicinity of the key 1.30 psychological mark and remained under some selling pressure for the s
The European Central Bank (ECB) is out with its Euro area Financial Stability Review, with the key highlights noted below. Top stability risks include
Greece Current Account (YoY): €0.887B (September) vs previous €1.874B
In view of Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, Cable’s upside remains limited by the key handle at 1.30 the figure
FX Strategists at UOB Group suggested that extra selling pressure in the Aussie Dollar appears to have run out of steam. Key Quotes 24-hour view: “We
The single currency is now under renewed downside pressure and drags EUR/USD to fresh 2-day lows in the 1.1060 region. EUR/USD weaker on trade concern
The USD/CAD pair jumped to over one-month tops during the early European session on Wednesday, with bulls now looking to extend the momentum further b
XAU/USD struggles to gain altitude despite renewed US-China political tensions Gold, a classic safe-haven asset, is having a tough time posting gains
Sweden Capacity Utilization increased to 0.5% in 3Q from previous 0%
Gold edged higher through the early European session on Wednesday and climbed to near two-week tops, just above the $1475 region in the last hour. The
South Africa Consumer Price Index (MoM) came in at 0% below forecasts (0.2%) in October
The Indian Rupee stalled its recovery from three-day lows vs, the US dollar, as the USD/INR bears take a breather near 71.75 region, at the press time
South Africa Consumer Price Index (YoY) below expectations (3.9%) in October: Actual (3.7%)
Hu tweeted out: “Few Chinese believe that China and the US can reach a deal soon. Given current poor China policy of the US, people tend to believe th
The USD/JPY pair reversed an early dip to near one-week lows and is currently placed near the top end of its daily trading range, just above mid-108.0
The AUD/USD pair edged lower through the Asian session on Wednesday, albeit has still managed to hold its neck above the 0.6800 round-figure mark. The
EUR/USD is trading above 1.1050, looking for a new direction as US-Sino tensions rise around the Senate's bill supporting Hong Kong protesters. How is
China’s ForeignMin: US' Hong Kong bill neglects facts and truths
According to Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, the pair needs to surpass this area to allow a potential test of
The Danske Bank analysts highlight the key event risks lined up for release in the day ahead. Key Quotes: “Following a few quiet days on the data fron
Germany Producer Price Index (YoY) came in at -0.6% below forecasts (-0.4%) in October
Germany Producer Price Index (MoM) came in at -0.2%, below expectations (0%) in October
FX option expiries for Nov 20 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.1000 760m 1.1185 588m - GBP/USD: GB
Open interest in JPY futures markets reversed two consecutive pullbacks and increased by 613 contracts on Tuesday according to flash data from CME Gro
Analysts at Australia and New Zealand Banking Group (ANZ) offers their quick reaction to the Malaysian inflation data released earlier this Wednesday.
Here is what you need to know on Wednesday, November 20: Trade: The US Senate has passed a law supporting pro-Democracy protests in Hong Kong, aggrava
In light of preliminary data from CME Group for GBP futures markets, investors scaled back their open interest positions by just 428 contracts on Tues
Further comments are hitting the wires from the European Central Bank (ECB) Chief Economist Lane delivered in an interview with La Repubblica. Creatio
Cable’s view remains constructive, although a test of tops in the 1.3010 region seems unlikely in the near-term, suggested FX Strategists at UOB Group
CME Group’s advanced data for EUR futures markets noted open interest resumed the upside after Monday’s pullback and rose by around 2.7K contracts on
The US has turned HK into the focus of China-US competition. It's all the people in Hong Kong, including foreigners and foreign companies that suffer.
FX Strategists at UOB Group noted the short-term outlook on EUR/USD still remains positive. Key Quotes 24-hour view: “Our view for EUR yesterday was i
Fresh US-China political tensions cropped up after the US Senate approved the Hong Kong Human Rights and Democracy Act of 2019 and China threatened to
The greenback, when tracked by the US Dollar Index (DXY), is adding to Tuesday’s gains in the 97.90 region. US Dollar Index focused on trade and FOMC
With the USD/CHF pair’s sustained trading below the descending trend line stretched since November 08, a short-term bullish formation appears on the chart.
ECB chief economist, Philip Lane, via La Repubblica, ECB isn't at limit of monetary policy. Lower debt cost should be used to cut debt.
Given the US-China jitters’ negative impact on Asian markets, not to forget the overall risk-tone, the USD/INR pair extends the previous day’s downpour.
Fresh comments are crossing the wires again from the Chinese Foreign Ministry on the US bill approval over the Hong Kong civil unrest. Key Quotes: Sum
Given the recent decline in the UK PM’s public favorite status, the GBP/USD pair extends weakness as it trades around 1.2915.
The Rabobank research team is out with its take on the UK PM Johnson and Labour Party leader Corbyn debate that ended on a sour note. Key Quotes: “Fin
Reuters quotes people familiar with the US-China talks, as saying that a “phase one” trade deal between the US and China could expand if US President
The TD Securities Analysts offer a sneak peek at what to expect from Wednesday’s US Federal Reserve (Fed) October meeting’s minutes due for release at
In addition to WTI’s drop to a 13-day low, a broad risk aversion also propels the USD/CAD pair to the five-week high while flashing 1.3280 as a quote.
EUR/USD's recovery rally has likely stalled and today's close will decide the next move, Tuesday's daily candle indicates. The pair's trading range of
According to Germany’s powerful BDI industry association’s Managing Director Joachim Lang, manufacturing production in Europe’s economic powerhouse is
With its failure to cross a fortnight-long horizontal resistance area, EUR/USD declines to 1.1075 while heading into the European session on Wednesday.
Gold is again having a tough time scaling $1,475 in a convincing manner. The yellow metal is currently trading at $1,473 per Oz, having hit a high of
Reuters reports the latest comments from the Japanese Economy Minister Yasutoshi Nishimura, as he makes some comments on varied topics. Key Quotes: "I
The Indian Rupee (INR) may come under pressure on Wednesday, courtesy of the renewed US-China political tensions and the resulting risk-off tone in th
USD/JPY has recovered from session lows but remains on the defensive below 109.07. The pair is currently trading at 108.50, representing marginal loss
According to the analysts at ING Bank, “Japan's worsening export growth is largely illusory and growth rates should soon start to improve.” Key Quotes
While speaking at a meeting on Tuesday, the People’s Bank of China (PBOC) Governor Yi Gang made the following comments, as cited by Reuters. The PBOC
The offshore Yuan exchange rate (CNH) is losing altitude amid renewed US-China political tensions. The USD/CNH is currently trading at 7.0353, represe
The Bank of New Zealand (BNZ), in its latest report, raised the milk payment forecast for Fonterra to NZD 7.50 / kgms, in the wake of improving prices
NZD/USD again steps back from 100-day EMA, accompanied by 38.2% Fibonacci retracement, while taking rounds to 0.6420 during early Wednesday.
Analysts at ING raise no doubts about the market’s reaction to the latest US-China trade developments as they term it to be the key driver for markets.
Asia stocks are sliding, following on the coattails of Wall Street as trade war angst surfaces once again. Indeed, the US Senate passage of bill in su
Japanese daily, the Nikkei Asian Review, carries the latest headlines, citing that the Japanese ruling coalition is considering approval for JPY 10 tr
The USD/CAD pair’s run-up to five-week high seems to witness a bumpy road ahead. The quote takes the bids to 1.3280 during the Asian session on Wednesday.
Gold, a classic safe-haven asset, is having a tough time posting gains despite the renewed political tensions between the US and China. The yellow met
In addition to the US-China arguments over Hong Kong, sluggish AU data and PBOC’s support for easy money keep AUD/USD under pressure below 21-day EMA.
China PBoC Interest Rate Decision below forecasts (4.2%): Actual (4.15%)
The PBoC prime loan rate decisions which are announced by the People´s Bank of China arrived as follows: Cut by 5 basis points for both the for 1 and
China’s Foreign Ministry came out with a statement on Wednesday, reiterating the threat to retaliate against us bill on Hong Kong. Developing story ..
The People's Bank of China (PBOC) has set the Yuan reference rate at 7.0118 vs Tuesday's fix at 7.0030.
Fitch Ratings has affirmed China's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'A+' with a Stable outlook. While robust external finance
USD/JPY is currently trading at 108.54 within a range of 108.38/57 in Asia, supported on the 50-day moving average (DMA) with bullish attempts capped
China is widely expected to cut the one-year loan prime rate on Wednesday, according to a survey of traders and analysts. All 64 respondents in the sn
With the multi-month-old descending triangle formation restricting the USD/IDR pair’s immediate moves, the quote drops to 14,090.
The path of least resistance for the GBP/USD pair remains to the higher side despite Tuesday's 0.19% drop. The daily chart shows the pair is holding t
Although Australia’s (AU) October month Leading Index (MoM) came in well above -0.12% revised prior to -0.07%, Westpac holds its dovish bias.
GBP/JPY traders look for direction as the pair seesaws between 21-day SMA and 61.8% Fibonacci retracement while taking rounds to 140.30.
The yield on the US 10-year Treasury note has hit the lowest level in two weeks. Currently, the benchmark yield is trading at 1.769%, the level last s
US Commerce Sec Ross is crossing the wires and has said that he is optimistic they can get something done on China. Key comments: We think there is ho
Gold prices continued to correct high from their November lows, benefitting from a soft US dollar and US yields. Gold, in Asia, trades on a spot basis
Given the US Senate’s latest bill on Hong Kong, coupled with the below-trend AU Westpac Leading Index, weighing on the AUD/JPY pair, the quote trades near 74.00
Japan Adjusted Merchandise Trade Balance above expectations (¥-277.5B) in October: Actual (¥-34.7B)
Japan Merchandise Trade Balance Total below expectations (¥301B) in October: Actual (¥17.3B)
Japan Imports (YoY) came in at -14.8%, above forecasts (-16%) in October
Japan Exports (YoY) came in at -9.2%, below expectations (-7.6%) in October
Australia Westpac Leading Index (MoM) climbed from previous -0.08% to -0.07% in October
Australia Westpac Leading Index (MoM) dipped from previous -0.08% to -0.1% in October
While taking rounds to 71.86 during early Asian morning on Wednesday, USD/INR stays below the immediate resistance line amid a bearish signal from MACD.
AUD/NZD has been better offered on the back of the more dovish than expected Reserve Bank of Australia minutes released in yesterday's session althoug
Adding to the hardships for energy buyers, a surprise build in API oil inventories dragged WTI to a 13-day low near $55.20.
Reuters has reported that the US Senate has approved the Hong Kong human rights bill and is sending it to the House of Representatives. The U.S. Senat
Following a downbeat reaction to the RBA’s November month monetary policy meeting minutes, AUD/USD recovers to multi-day high.
The upbeat sentiment of the dairy producers and an overall short covering move in commodity-linked currencies recently propelled the NZD/USD pair.
The Fiber, on the daily chart, is trading in a downtrend below downward sloping 100 and 200-day simple moving averages (DMAs).