EUR/USD is in a bear trend below its main simple moving average (DSMA). The market is breaking below the 1.1200 figure. EUR/USD 4-hour chart The marke
While speaking at the policy panel at the European Central Bank (ECB) Forum on Central Banking in Sintra, Portugal, ECB President Mario Draghi said th
The AUD/USD pair built on its steady intraday recovery from multi-month lows and spiked to fresh session tops, around the 0.6865-70 region in the last
In his prepared remarks delivered to lawmakers on Tuesday, the U.S. Trade Representative, Robert Lighthizer, said that the U.S.-Mexico-Canada (USMCA)
Citing Chinese state TV CCTV, Reuters recently reported that China's President Xi held a phone call with U.S. President Trump and agreed to meet durin
The USD/JPY pair quickly reversed an early North-American session dip to over one-week lows and rallied over 60-pips to refresh daily tops in the last
GBP/USD daily chart GBP/USD is trading in a bear trend below its main simple moving averages. The market broke below the May’s low at 1.2558. The next
While speaking at the policy panel at the European Central Bank (ECB) Forum on Central Banking in Sintra, Portugal, Bank of England Governor Mark Carn
Prices of the barrel of the American reference for the sweet light crude oil are sharply higher on Tuesday, managing to retake the key $53.00 mark, or
Rabobank analysts are expecting the Bank of England to keep rates unchanged at 0.75% at this week’s meeting. Key Quotes “The vote is likely to be unan
U.S. President Trump today confirmed, via Twitter, that he will be having an extended meeting with his Chinese counterpart Xi at the G-20 summit in Ja
Major equity indexes in the U.S. started the day sharply higher on Tuesday boosted by the upbeat performance of European stocks and decisive gains see
The USD/CAD pair failed to capitalize on the intraday uptick to 1-1/2 week tops and is currently placed in the neutral territory, still above the 1.34
The US Dollar Index (DXY), which tracks the buck vs. a bundle of its main rivals, has regained fresh upside traction and clinched 2-week highs at 97.7
The USD/CHF pair climbed above the critical parity mark for the first time since June 3rd today but struggled to preserve its bullish momentum. As of
According to analysts at TD Securities, the US Fed should signal readiness to ease policy but stop short of committing to a near term cut. Key Quotes
Nathan Janzen, senior economist at the Royal Bank of Canada, notes that the Canadian manufacturing sales dipped 0.6% lower in April while volume sales
Russia Industrial Output below expectations (1.5%) in May: Actual (0.9%)
Russia Producer Price Index (MoM) rose from previous 0.5% to 1.8% in May
Russia Producer Price Index (YoY): 8.6% (May) vs previous 10.7%
Gold built on its strong intraday positive momentum and spiked to fresh session tops, beyond the $1350 level during the early North-American session.
The selling bias around the European currency stays far from abated on Tuesday, forcing EUR/USD to recede further and print new 2-week lows in the 1.1
United States Redbook Index (MoM): -2.4% (June 14) vs -2.6%
United States Redbook Index (YoY): 5.4% (June 14) vs 5%
Danske Bank analysts have changed their call for the ECB outlook and are now expecting it to cut rates by 20bp, introduce a tiering system, extended f
The data published by the U.S. Census Bureau on Tuesday showed that building permits in May rose by 0.3% on a monthly basis following April's 0.2% inc
United States Building Permits (MoM) below expectations (1.296M) in May: Actual (1.294M)
United States Building Permits Change above forecasts (-2.9%) in May: Actual (0.3%)
United States Housing Starts (MoM) came in at 1.269M, above expectations (1.239M) in May
Canada Manufacturing Shipments (MoM) registered at -0.6%, below expectations (0.4%) in April
United States Housing Starts Change below forecasts (-0.4%) in May: Actual (-0.9%)
German Chancellor Angela Merkel recently crossed the wires saying that they have to do everything they can to solve the situation in Iran peacefully a
However, oversold conditions on hourly charts prompted some near-term short-covering move and assisted the pair to bounce back closer to the top end o
The USD/JPY pair came under pressure on Tuesday as the sour market mood boosted the demand for traditional safe havens such as the JPY. As of writing,
Analysts at TD Securities point out that Canada’s manufacturing sales for April will be published at 8:30 ET, with TD looking for a 0.8% decline again
The GBP/USD pair extended its sideways consolidative price action and remained within the striking distance of 5-1/2 month lows set earlier this Tuesd
The Russian Ruble is extending its upbeat momentum so far this week and is now taking USD/RUB to the area of 64.30, or 2-month lows. USD/RUB looks to
U.S. President Trump recently noted that the euro weakened against the dollar after European Central Bank president Draghi announced more stimulus and
Analysts at TD Securities suggest that the US housing starts are expected to advance mildly in May, rising 0.4% m/m to 1,240k. Key Quotes “This would
Adding to his earlier comments about Russia being open to new dates for the OPEC+ meeting, Russian Energy Minister Alexander Novak said that he saw th
Analysts at TD Securities note that the German ZEW survey offered the first glimpse at survey indicators for June, and the survey's expectations compo
The NZD/USD pair jumped around 25-pips in the last hour or so and spiked back closer to the previous session's swing high, around the 0.6515 region. T
Standard Chartered analysts point out that their clients see the G20 summit on 28-29 June as a pivotal event that may determine the intensity of US-Ch
TD Securities analysts point out that the ECB President Draghi opened the first full day of the ECB's Sintra conference with an extremely dovish speec
United Kingdom 10-y Bond Auction: 0.889% vs previous 1.109%
The Turkish Lira is extending the upside momentum in the first half of the week and is now dragging USD/TRY to fresh 3-day lows in the 5.82 region. US
Russian news agencies reported the comments by the Russian Energy Minister Alexander Novak, as he said that Moscow was open to new dates for a meeting
WTI (futures on Nymex) extends its range trade around the 52 handle in the European session, unable to find a clear direction amid mixed market sentim
Meanwhile, technical indicators on hourly charts have been gaining bullish momentum and also recovered from the negative territory on the daily chart,
Jan von Gerich, analyst at Nordea Markets, suggests that the size and composition of any further ECB easing would naturally depend on the severity of
The GBP/JPY cross now seems to have entered a bearish consolidation phase and was seen oscillating in a narrow trading band just above mid-135.00s, o
The sentiment around the shared currency keeps deteriorating so far today and is now sending EUR/USD to clinch fresh 2-week lows in the 1.1180 region.
The latest comments are crossing the wires from the Bank of England (BOE) member of the Financial Policy Committee (FPC) Bowe, with the key points fou
The German ZEW headline numbers for June showed that the economic sentiment index arrived at -21.1 versus -5.9 expectations and -2.1 last. While the s
European Monetary Union Consumer Price Index (MoM) registered at 0.1%, below expectations (0.2%) in May
In view of analysts at Danske Bank, China’s growth recovery is likely to be delayed by further trade war escalation, but stimulus is set to cushion th
European Monetary Union Consumer Price Index - Core (MoM) below expectations (0%) in May: Actual (-0.1%)
European Monetary Union Consumer Price Index - Core (MoM) meets forecasts (0%) in May
European Monetary Union Consumer Price Index (MoM) meets forecasts (0.2%) in May
According to Eurostat’s final reading of Eurozone CPI report, the consumer prices came in at 1.2% on a yearly basis, confirming the flash estimate. Wh
European Monetary Union Trade Balance s.a. below expectations (€18.5B) in April: Actual (€15.3B)
European Monetary Union ZEW Survey - Economic Sentiment came in at -20.2 below forecasts (-3.6) in June
European Monetary Union Consumer Price Index (YoY) in line with forecasts (1.2%) in May
European Monetary Union Consumer Price Index - Core (YoY) meets forecasts (0.8%) in May
European Monetary Union Trade Balance n.s.a. came in at €15.7B, above expectations (€8.8B) in April
Germany ZEW Survey - Economic Sentiment registered at -21.1, below expectations (-5.9) in June
Germany ZEW Survey - Current Situation came in at 7.8, above forecasts (6) in June
Spain 3-Month Letras Auction: -0.476% vs -0.49%
The USD/CAD pair struggled to capitalize on an intraday uptick to 1-1/2 week tops and remained well within its two-day-old consolidative trading range
Japanese Cabinet Office maintained he economic assessment for June, in its monthly report. However, the view of corporate profits was upgraded to firm
Deutsche Bank analysts point out that today, we’ve got a full day of the ECB Forum in Sintra ahead of us and today’s agenda includes an introductory s
According to ECB Watch, as cited by Reuters, Eurozone money markets are now fully pricing a rate cut by the European Central Bank (ECB) by December th
Reuters reports the latest comments from the Italian Finance Minister Tria, with the key headlines found below. Domestic macroeconomic situation is no
The selling pressure is now building up around the shared currency and is dragging EUR/USD to fresh daily lows in the 1.1200 neighbourhood. EUR/USD of
Having failed ahead of the 122.00 handle, the EUR/JPY cross witnessed a dramatic intraday turnaround and tumbled to 1-1/2 week lows in reaction in the
In its latest economic forecasts for Summer 2019, the German Ifo institute on Tuesday cut the 2020 growth forecast for the German economy to 1.7% vs.
Mitul Kotecha, senior emerging markets strategist at TD Securities, expects no change from Bank Indonesia, with the 7d reverse repo likely to be maint
In view of Vladimir Miklashevsky, senior economist at Danske Bank, EUR/GBP is moving towards 0.90, in line with their expectations with macro surprise
Karen Jones, analyst at Commerzbank, points out that the USD/JPY has spent the past week or so consolidating its recent losses but remains on the defe
The European Central Bank (ECB) President Draghi’s speech is on the wires now, via Reuters, delivering a scheduled introductory speech on the second d
The selling pressure around the British Pound stays well and sound today and is now helping EUR/GBP to climb further and print fresh 5-month tops in t
Gold prices edged higher through the early European session on Tuesday and spiked to fresh session tops, closer to $1350 level in the last hour. A com
EUR/USD daily chart EUR/USD Overview Today last price 1.1244 Today Daily Change 25 Today Daily Change % 0.23 Today daily open 1.1218 Trends Daily SMA2
DXY daily chart Dollar Index Spot Overview Today last price 97.4 Today Daily Change 15 Today Daily Change % -0.15 Today daily open 97.55 Trends Daily
EUR/JPY daily chart EUR/JPY Overview Today last price 121.64 Today Daily Change 28 Today Daily Change % -0.10 Today daily open 121.76 Trends Daily SMA
German ZEW Survey/ Eurozone Final CPIs Overview The ZEW will release its German Economic Sentiment Index and the Current Situation Index at 0900 GMT i
Meanwhile, the pair has been oscillating within a broader trading range over the past one week or so, forming a rectangular chart pattern. A rectangle
Following are the comments by Germany's European Affairs Minister, Michael Roth, as he says that there is no chance of renegotiating Brexit withdrawal
Vladimir Miklashevsky, senior economist at Danske Bank, points out that two weeks ago, the market bought EUR/USD as Fed officials hinted rate cuts cou
Turkey Industrial Production (YoY) below expectations (-2.5%) in April: Actual (-4%)
Austria HICP (YoY) unchanged at 1.7% in May
Austria HICP (MoM) down to 0% in May from previous 0.3%
In view of Karen Jones, analyst at Commerzbank, GBP/USD pair has eroded the 2019 uptrend at 1.2570 and looks set for further losses to the 1.2444 Dece
Matthew Hassan, analyst at Westpac, suggests that the minutes of the June RBA Board meeting show the decision to cut the cash rate by 25bp at that mee
The Iranian President Rouhani is out on the wires now, via Reuters, offering some conciliatory comments amid escalating US-Iran geopolitical tensions,
The AUD/USD pair now seems to have entered a bearish consolidation phase and was seen oscillating in a narrow trading band below mid-0.6800s, or 5-1/2
The bid tone surrounding the shared currency remains well and sound so far this week and is now lifting EUR/USD to the area of daily highs in the boun
The Bank of Japan (BOJ) Governor Kuroda is back on the wires now, via Reuters, noting that “we will conduct policy to boost inflation and wages”. Addi
The Research Team at Bank of America Merrill Lynch (BAML) offers EUR/USD outlook amid bullish technical setup and positioning model. Key Quotes: "Cumu
According to analysts at Danske Bank, focus today will be on the ECB Forum at Sintra, where ECB President Mario Draghi will give an introductory speec
The European Central Bank (ECB) President Draghi’s speech is likely to hog the limelight in a data-busy European session ahead. Draghi is due to deliv
In light of advanced data for JPY futures markets from CME Group, investors trimmed their open interest positions for the second day in a row, now by
According to Karen Jones, analyst at Commerzbank, EUR/USD is attempting to recover from approximately 1.1200 and focus remains on the 200 week ma at 1
Despite trading near yearly lows, a 4-month old descending support-line limits the GBP/USD pair’s immediate declines during early Tuesday.
In view of analysts at TD Securities, today's German ZEW report will give us some of the first survey data for the month of June, and a better idea of
CME Group’s flash data for GBP futures markets noted open interest increased for the fourth straight session on Monday, this time by just above 1K con
Reuters reports the recent comments by the Chinese State Councillor and a senior diplomat Wang Yi, as he urges all sides (the US and Iran) to exercise
FX option expiries for June 18 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.1150 562m 1.1200 1.6bn 1.1240 1.3b
Despite taking U-turn from 100-bar moving average (4H 100MA), 23.6% Fibonacci retracement of early May to June downpour limits the EUR/JPY pair’s latest drop.
Open interest in EUR futures markets shrunk by nearly 1.3K contracts on Monday, clinching the second consecutive decline according to preliminary data
Danske Bank analysts point out that for the Japanese economy, demand has been slowing and a record fiscal budget will keep the economy afloat in 2019,
According to analysts at TD Securities, while the RBA's forecasts in the June statement are the same as those in the May statement (GDP 2.75% over 201
Cautious optimism coupled with broad-based US dollar weakness emerged the main theme in Asia this Tuesday, as the Federal Reserve (Fed) begins its two
The greenback, in terms of the US Dollar Index (DXY), is giving away part of its recent gains and recedes to the 97.40 region on Tuesday. US Dollar In
Pre-established risk-off moves gained additional support from downbeat comments by the Bank of Japan (BOJ) Governor Haruhiko Kuroda and sluggish housing data.
WTI oil is trading steady near $51.90, having dropped 1.7% on Monday on global growth concerns and forecasts by the US energy department that shale oi
Satish Ranchhod, senior economist at Westpac, points out that the New Zealand households remain downbeat about the economic backdrop as the latest Wes
Bank Indonesia is expected to keep the interest rates steady at a policy review this Thursday, but may begin easing cycle later this year, a Reuters p
According to David Plank, head of Australian economics, the minutes from the June RBA Board meeting send a very clear signal about future policy steps
Simon Murray, analyst at Westpac, notes that the Westpac–Australian Chamber Actual Composite index declined to 61.5 in June from 61.8 in March. Key Qu
EUR/USD is chipping away at the 50-hour moving average line ahead of the European Central Bank (ECB) President Mario Draghi's speech and key German da
In its latest Global Economic Outlook released on Tuesday, the US-based Fitch ratings made a downward revision to India’s GDP growth forecast for the
Having slipped beneath May month bottom during Monday, the AUD/USD pair now takes the round close to the year 2016 low near 0.6830 during early Tuesday.
Australia’s ANZ-Roy Morgan consumer confidence was down just a notch last week, falling 0.3%, notes the analysis team at ANZ. Key Quotes “The financia
Bears continue to hold the reins of GBP/USD amid political pessimism as the pair trades near 1.2530, the fresh five-month low, before key events on Tuesday.
For USD/INR, the path of least resistance is on the higher side. However, the upside is being capped by the 50-day moving average (MA) this week. The
Asian equity markets are reporting modest gains this Tuesday morning with investor caution ahead of the central bank meetings capping upside. The Shan
With the British Finance Minister’s warning to resign crossing the wires, the EUR/GBP pair surges to the fresh high since mid-January on early Tuesday.
Analysts at Morgan Stanley offer their expectations on Wednesday’s FOMC monetary policy decision due to be announced at 1800 GMT. Key Quotes: “Dovish
GBP/JPY continues to lose altitude, having charted a bearish lower high near 138.30 last week. The pair is currently trading at 135.74, representing a
Iron-ore prices traded on the Chinese Dalian Commodity Exchange (DCE) fell for the second straight day this Tuesday on rising demand concerns from the
In the view of the Deutsche Bank Analysts, the G10 trade of the week is long USD/CAD at 1.3415, with stops loss is 1.3225 and target at 1.3665. Key Qu
Gold is currently trading $1,340 per Oz, representing 0.52 percent gains on the low of $1,333 seen on Monday. The bounce could be extended further tow
Australian Treasurer Frydenberg was out on the wires earlier this Tuesday, noting that he'll introduce the tax package in the first week of parliament
USD/JPY is feeling the pull of gravity this Tuesday morning in Asia with the US dollar losing ground against most majors except the AUD. The currency
Reports that UK Chancellor of the Exchequer (AKA finance minister) prepared to resign
The downbeat tone of the RBA minutes and sluggish house price data from Australia dragged the AUD/NZD pair to 1.0530, below 200-HMA.
Bank of Japan's Governor Kuroda, while speaking in Japanese parliament on Monday, said the uncertainty over global economic outlook is high and the ce
The latest housing data published from the world’s second largest economy, China, showed that the home prices ticked slightly higher on the month, cal
The AUD/USD fell to fresh 5.5-month lows after the minutes of the Reserve Bank of Australia's June rate decision showed consensus among policymakers t
AUD/JPY plunged as the RBA minutes signaling likely monetary easing while going forward and Australian house price index lagging behind market consensus.
The Reserve Bank of Australia (RBA) published the minutes of its June 4 2019 monetary policy meeting on Tuesday, with the key headlines found below. F
Australia House Price Index (YoY) down to -7.4% in 1Q from previous -5.1%
China House Price Index remains unchanged at 10.7% in May
Australia House Price Index (QoQ) came in at -3% below forecasts (-1.6%) in 1Q
The People's Bank of China has set the Yuan reference rate at 6.8942 vs Monday's fix of 6.8940.
Even if an ascending trend-line since last-Wednesday portrays the USD/CAD pair’s strength, it is yet to clear the 1.3425/30 resistance confluence.
Despite latest negative news concerning the US-Iran geopolitical tussle, WTI remains defensive under 4-week old descending trend-line on early Tuesday.
USD/JPY has started out in Tokyo within a tight range between 108.50 and 108.58, currently at 108.51. Overnight, the pair was also trading in a tight
Successful trading beyond 200-bar moving average (4H 200MA) helps the EUR/USD pair to aim for short-term descending resistance-line.
Forex today was driven in the main by a fall in US yields ahead of the FOMC meeting this week while US data gave the dollar a sucker-punch which it to
The US Defense Secretary Patrick M. Shanahan provided additional details of sending 1,000 troops to the Middle East via his twitter handle.
The Reserve Bank of Australia (RBA) is up for releasing a minute statement of its June 04 monetary policy meeting at 1:30 GMT on Tuesday.
Sustained break of 21-day SMA currently propels the USD/IDR pair towards 200-day SMA as it takes the rounds to 14,416 during early Tuesday.
With the growing challenges to the UK’s economy joining political uncertainty surrounding the race to be the British Prime Minister, GBP/USD remains weak.
AUD/USD is currently trading at 0.6853, within a tight and early Asia range of between 0.6849/55 ahead of the RBA minutes today. Meanwhile, price acti
With the US-China trade war and geopolitical tension between the US and Iran grabbing the spotlight, AUD/JPY remains on a back foot to 74.40.
Bloomberg came out with the news report mentioning that China cuts its US treasury holdings to the lowest in almost two years due to the trade war.
Early on Tuesday, Reuters cited news from the unnamed US official sources saying that the US is preparing to send additional troops to the Middle East.
Mexican President Lopez Obrador was recently on wires, via Reuters, showing the country’s ability to counter and win the US-led trade war it adhered to.
Having attempted a little successful comeback, the NZD/USD pair clings to 0.6500 despite three-quarter low New Zealand consumer during early Tuesday.
USD/JPY is trading in a bear trend below its main daily simple moving averages (DSMAs). The 50 SMA crossed below the 100 SMA which is a bearish sign.
New Zealand Westpac Consumer Survey declined to 103.5 in 2Q from previous 103.8