United States Factory Orders (MoM) meets expectations (0.3%) in October
Canada Ivey Purchasing Managers Index rose from previous 51.8 to 58.4 in November
Canada Ivey Purchasing Managers Index s.a came in at 60, above forecasts (53.8) in November
US stocks are rising for a second consecutive day as investor optimism grows for President Trump to abandon his December 15th tariff threat. This tari
Economist at UOB Group Lee Sue Ann gives her views on the BoJ’s monetary policy. Key Quotes “The BoJ kept its monetary policy stance and policy rate u
The US Dollar Index (DXY), which gauges the buck vs. a bundle of its main competitors, remains entrenched into the negative territory so far this week
After November’s consolidation, the market eventually broke to the upside climbing to levels not seen since early May of this year.
Following the previous session's intraday pullback from the vicinity of 100-day SMA, or one-month tops, gold was seen oscillating in a narrow trading
FX Strategists at UOB Group keep the constructive view on USD/CNH in the next weeks. Key Quotes 24-hour view: “Our expectation for USD to ‘trade sidew
EUR/USD has quickly left behind Wednesday’s pullback and it is now flirting once again with the key barrier in the 1.1100 neighbourhood. EUR/USD firm
On the daily chart, EUR/USD is trading in a bear trend below its 200-day simple moving average (DMA). However, this week, the market has risen above the 50 and
According to FX Strategists at UOB Group, USD/JPY is expected to grind lower towards the 108.00 neighbourhood in the next weeks. Key Quotes 24-hour vi
Analysts at National Bank Financial point out that the Bank of Canada left the overnight rate unchanged at 1.75% yesterday. Key Quotes ‘While the cent
The USD/CAD pair extended this week's rejection slide from a resistance marked by six-month-old descending trend-line. The pair remained under some he
Analysts at TD Securities note that the RBI surprised the market and kept rates on hold, contrary to market expectations for a 25bps cut. Key Quotes “
Canada Exports above forecasts ($49.3B) in October: Actual ($49.91B)
Canada International Merchandise Trade above expectations ($-1.37B) in October: Actual ($-1.08B)
United States Continuing Jobless Claims registered at 1.693M above expectations (1.65M) in November 22
United States Trade Balance came in at $-47.2B, above forecasts ($-48.7B) in October
Canada Imports came in at $50.99B, above expectations ($50.35B) in October
United States Initial Jobless Claims came in at 203K, below expectations (215K) in November 29
United States Initial Jobless Claims 4-week average above expectations (217.544K) in November 29: Actual (217.75K)
The Bank of Canada (BoC) Deputy Governor Timothy Lane was out with some comments in the last hour saying that notable economic strengths and on-target
Russia Central Bank Reserves $ fell from previous $542.7B to $542.2B
The USD/CHF pair lacked any firm directional bias and seesawed between tepid gains/minor losses through the mid-European session on Thursday. The pair
United States Challenger Job Cuts: 44.569K (November) vs previous 50.275K
The improved sentiment around the sterling has forced EUR/GBP to recede to the 0.8430 earlier in the session, printing at the same time fresh 2019 low
The AUD/USD pair continued losing ground through the mid-European session and is currently placed near the lower end of its daily trading range, aroun
Mexico Consumer Confidence s.a down to 43.53 in November from previous 43.89
Mexico Consumer Confidence declined to 43.84 in November from previous 44.05
In view of Danske Bank analysts, the main market mover yesterday was a Bloomberg article quoting US trade officials as saying that the US and China wa
Analysts at TD Securities are looking for the Canada’s merchandise trade deficit to widen to $2.0bn in October from $0.98bn (market: -$1.4bn). Key Quo
The USD/INR cross added to the previous session's losses and witnessed some follow-through selling for the second consecutive session on Thursday. The
According to Nordea Markets analysts, the RBI left the repo rate unchanged after a series of rate cuts in a surprise move, hoping for further transmis
Analysts at TD Securities suggest that the market is projecting the trade deficit to shrink further at the start of Q4 to USD -48.6bn in October from
ANZ analysts point out that in a surprisingly unanimous decision, the Reserve Bank of India (RBI) has kept the policy repo rate on hold after five con
United Kingdom 30-y Bond Auction increased to 1.289% from previous 1.254%
Spain 10-y Obligaciones Auction increased to 0.44% from previous 0.409%
In opinion of FX Strategists at UOB Group, the strong momentum in the Kiwi Dollar remains well in place and could push NZD/USD to the 0.66 neighbourho
EUR/USD has managed to advance to the 1.1115/20 band on Wednesday, although the upside momentum stalled afterwards and forced spot to close near 1.108
In light of the recent performance, Cable could now extend the upside to the 1.3190 area in the next weeks, suggested FX Strategists at UOB Group. Key
The index remains under heavy downside pressure so far this week. The recent breakdown of the key 200-day SMA in the 97.60/65 band has opened the door
Spain 5-y Bond Auction rose from previous -0.106% to -0.085%
France 10-y Bond Auction fell from previous -0.03% to -0.08%
In view of FX Strategists at UOB Group, EUR/USD could attempt a move higher to the 1.1125 level. Key Quotes 24-hour view: “We highlighted yesterday ‘t
European Monetary Union Retail Sales (MoM) came in at -0.6%, below expectations (-0.3%) in October
Greece Gross Domestic Product s.a (QoQ) climbed from previous 0.2% to 0.6% in 3Q
European Monetary Union Gross Domestic Product s.a. (YoY) in line with forecasts (1.2%) in 3Q
European Monetary Union Gross Domestic Product s.a. (QoQ) meets expectations (0.2%) in 3Q
European Monetary Union Employment Change (QoQ) meets forecasts (0.1%) in 3Q
EUR/JPY is prolonging the rebound for the second session in a row and is approaching the key barrier at 121.00 the figure. Further upside pressure sho
European Monetary Union Retail Sales (YoY) below forecasts (2.2%) in October: Actual (1.4%)
European Monetary Union Employment Change (YoY) below expectations (1%) in 3Q: Actual (0.9%)
The USD/JPY pair added to the overnight goodish intraday recovery gains from two-week lows and edged higher through the early European session on Thur
WTI (oil futures on NYMEX) sees a minor correction from five-day highs of 58.66 reached on Wednesday. However, the bulls manage to retain the 58 handl
Finally, the much-awaited and already known headlines are out on the wires, via Reuters, as the Japanese government officially announces its JPY 26 tr
South Africa Business Confidence Index: 92.7 (November) vs 91.7
The GBP/USD pair finally broke out of its Asian session consolidation phase and jumped to fresh multi-month tops, around the 1.3145-50 region in the l
Speaking about the economic stimulus package likely to be announced by the Japanese government, PM Shinzo Abe said that economic stimulus package is c
The USD/CAD pair added to the previous session's post-BoC losses and dropped to near one-month lows, around the 1.3180-75 region in the last hour. The
Ahead of the OPEC and its allies (OPEC+) meeting scheduled later today, Russia’s Energy Minister Alexander Novak tells Saudi Oil Minister Prince Abdu
Lee Sue Ann, Economist at UOB Group, sees the BoE keeping the monetary conditions unchanged at its meeting later this month. Key Quotes “Despite the d
Karen Jones, analyst at Commerzbank, points out that EUR/GBP cross has sold off yesterday, and has now eroded the .8465 2019 low. Key Quotes “We have
The single currency is trading marginally into the positive territory in the second half of the week, taking EUR/USD to the 1.1090 region in the wake
Nathan Janzen, senior economist at the Royal Bank of Canada, points out that the Bank of Canada struck a more neutral tone yesterday and the key overn
According to the latest headlines floating on the wires, citing two sources familiar with the matter, OPEC and its allies were said to discuss deeper
Gold struggled to capitalize on the attempted intraday positive move and is currently placed near the lower end of its daily range, around the $1475 r
According to Karen Jones, analyst at Commerzbank, USD/JPY has sold off to the 55 day ma at 108.44, which has so far held and with no resistance of not
Carsten Brzeski, chief economist at ING, notes that German new industrial orders dropped by 0.4% month-on-month in October, from 1.5% in September. Ke
Spain Industrial Output Cal Adjusted (YoY) below expectations (-0.5%) in October: Actual (-1.3%)
The AUD/USD pair edged lower during the Asian session on Thursday, albeit remained well within the previous session's broader trading range. A Bloombe
Satish Ranchhod, senior economist at Westpac, notes that New Zealand’s total construction activity rose by 0.4% in the June quarter, below Westpac’s a
If this sanction is really imposed on #Huawei, from the perspective of #USChina relations and the global financial chain, it would mean a substantial
UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting assessed the recently published trade data for the Malaysian economy. Key Quotes “
The Chinese Commerce Ministry releases a statement on the US-China trade issue on Thursday, citing - We are in close contact with US on trade.
ANZ analysts note that annual inflation in the Philippines picked up to 1.3% y/y in November due to an increase in ‘housing and utilities’ prices and
Karen Jones, analyst at Commerzbank, suggests that GBP/USD is approaching its 5 year downtrend at 1.3156. Key Quotes “Also found in this vicinity is t
Danske Bank analysts suggest that the main factor driving markets is news on the US-China trade talks , which has caused rising volatility in markets
Open interest in JPY futures markets shrunk for the third session in a row on Wednesday, this time by nearly 4.5K contracts according to preliminary r
The USD/JPY pair lacked any firm directional bias and seesawed between tepid gains/minor losses, below the 109.00 handle through the Asian session on
The Factory orders released by the Deutsche Bundesbank is an indicator that includes shipments, inventories, and new and unfilled orders. An increase
Germany Factory Orders n.s.a. (YoY) came in at -5.5%, above expectations (-6.1%) in October
Germany Factory Orders s.a. (MoM) registered at -0.4%, below expectations (0.3%) in October
CME Group’s advanced data for GBP futures markets noted investors added around 8.5K contracts to their open interest positions on Wednesday, printing
FX option expiries for Dec 5 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.1050 686m 1.1110 639m 1.1115 598m 1.
Economist at UOB Group Barnabas Gan reviewed the latest PMI prints in Singapore. Key Quotes “Singapore’s Purchasing Managers’ Index (PMI) as released
According to Karen Jones, analyst at Commerzbank, EUR/USD has tested and so far failed at the 5 month downtrend at 1.1118 which is likely to provoke s
India Cash Reserve Ratio meets forecasts (4%)
In light of flash data for EUR futures markets, open interest rose by around 18.6K contracts on Wednesday, reaching the largest single day build since
At its bi-monthly monetary policy meeting held on Thursday, the Reserve Bank of India (RBI), Indian central bank, left its benchmark interest rate, Re
India RBI Interest Rate Decision (Repo Rate) came in at 5.15%, above expectations (4.9%)
India Reverse Repo Rate came in at 4.9%, above expectations (4.65%)
Here is what you need to know on Thursday, December 5: The market mood has improved after reports said the US and China are closer to an agreement tha
Matthew Hassan, analyst at Westpac, notes that Australia’s retail sales disappointed again in October, holding flat vs expectations of a 0.3% rise. Ke
Following the recent release of Q3 GDP figures in Australia, Economist Lee Sue Ann at UOB Group assessed the growth prospects for this year and 2020.
Analysts at TD Securities note that the US ISM manufacturing index surprised modestly to the downside, dropping to a still firm 53.9 level in November
Forex today was a quiet Asian affair, as markets absorbed the latest trade deal optimism with a pinch of salt. The Asian equities traded firmer follow
The greenback, when tracked by the US Dollar Index (DXY), remains under pressure near the 97.50 region so far his week. US Dollar Index focused on tra
USD/CHF declines to an intra-day low of 0.9874 by the press time of the pre-European session on Thursday. Even so, the pair stays above near-term key support.
GBP/USD has surged on Tuesday amid a growing sense that the Conservatives are on course to win the elections. Where next for cable? The Technical Conf
According to three Japanese government sources quoted by Reuters, the Japanese government will announce a 26 trillion yen ($240 billion) economic pack
The Bank of Japan (BOJ) board member Harada is back on the wires pre-Europe open, via Reuters, commenting on the central bank’s monetary policy and in
Netherlands, The Consumer Price Index n.s.a (YoY): 2.6% (November) vs previous 2.7%
WTI declines $58.30 while heading into the European open on Thursday. With this, the black gold repeats the pattern of pulling back from $58.70/80.
ANZ analysts point out that for the NZ economy, the volume of building work put in place rose 0.4% q/q in Q3, and annual growth softened to 7.7% over
Analysts at TD Securities are expecting the RBI to cut its repo rate by 25bps to 4.90% at this meeting. Key Quotes “The RBI will however, have to bala
GBP/USD seesaws near 1.3115 ahead of the London open on Thursday. The pair nears the multi-month peak marked Wednesday amid broad optimism.
ANZ analysts point out that Australia’s monthly trade surplus fell to AUD4,502m in October, a large fall on the revised September result but still a s
In the view of the analysts at the Canadian Imperial Bank of Commerce (CIBC), the outcome of the OPEC and its allies (OPEC+) meeting is unlikely to of
Andrew Hanlan, analyst at Westpac, notes that in October, the trade surplus narrowed to $4.5bn, down from $6.8bn (downgraded from $7.2bn) and was belo
USD/INR trades around 71.52 as Indian markets open for Thursday’s trading. That said, the quote registered the heaviest drop since November 01 on Wednesday.
ANZ analysts note that Australia’s annual growth in retail sales fell to 2.1% in October, marking its two-year low and well below the medium- and long
German factory orders rose 0.3% month-on-month in October, having risen by 1.3% in the preceding month, the official data, due at 07:00 GMT, is expect
China’s failure to assent the US President Donald Trump’s trade-positive comments seem to keep an immediate check on the Asian stocks during early Thursday.
The latest survey conducted by Bank Indonesia (BI), the Indonesian central bank, showed that the country’s Consumer Confidence Index improved to 124.2
Gold is trading in a sideways manner around $1,475 per Oz in Asia, having failed to close above key resistances on Wednesday. The yellow metal had ris
Having reversed from 50-Day Simple Moving Average (DMA) and monthly support line, USD/JPY stays mostly unchanged to 108.85 during early Thursday.
Speaking at speak at the Gala 2019 of the US-China Business Council, Cui Tiankai, Chinese Ambassador to the US said: “China and the US need to get the
Reuters quotes some sources with the knowledge of the matter, as saying that the People’s Bank of China (PBOC) will conduct medium-term lending facili
AUD/USD is currently trading at 0.6842, representing marginal losses on the day, having hit a low of 0.6833 two hours go on the back of dismal Aussie
Japanese manufacturers turned less gloomy about their business conditions in December and the sentiment is expected to improve further over the coming
USD/INR pair fell 0.44% on Wednesday, confirming the biggest single-day drop since Nov. 1. The Indian unit found takers despite dovish expectations fo
Ahead of the highly-anticipated Reserve Bank of India’s (RBI) monetary policy decision due later on Thursday at 0615 GMT, the latest poll of currency
USD/IDR drops to 14,090 by the press time of early Thursday in Asia. The pair is on the third day of losing streak but stays above near-term key support.
EUR/JPY is trading in the 120.60s at the time of writing having moved within a range from 120.55 to a high of 120.71 following a corrective bid at the
NZD/USD has hit four-month highs and is looking overbought for the first time since November 2018, according to key indicators. The pair is currently
WTI fails to hold on to recovery gains while trading near $58.35 during early Thursday. The black gold recently surged to the week’s top but pulled back.
The Bank of Japan (BOJ) board member Yutaka Harada is on the wires now, via Reuters, making a scheduled speech, with the key comments found below. Key
The probability of the UK leaving the European Union in a disorderly manner has dropped to the lowest level since May 2019, according to economists po
Japanese Prime Minister Shinzo Abe said on Thursday the government would compile an economic stimulus package worth about 13 trillion yen (£93.53 bill
The People's Bank of China has set the Yuan reference rate at 70521 versus Wednesday's fix at 7.0513
EUR/USD is looking south, having faced strong rejection above key resistance at 1.1097 in the overnight trade. The pair clocked a high of 1.1116 durin
Having surged to the highest in nearly seven months, GBP/JPY clings to a multi-month-old resistance line on early Thursday.
The Australian dollar is being offered in response to the weaker-than-expected Aussie retail sales and trade balance numbers released at 00:30 GMT. Th
AUD/JPY plummets to 74.36 amid the Asian session on Thursday. The pair reacts to the downbeat Retail Sales and Trade Balance numbers from Australia.
AUD's marathon of data has continued today with the release of the October Retail Sales and Trade Balance. Note: Retail Sales was the main focus in th
Australia Retail Sales s.a. (MoM) came in at 0%, below expectations (0.3%) in October
Australia Imports dipped from previous 3% to 0% in October
Australia Exports fell from previous 3% to -5% in October
Australia Trade Balance registered at 4502M, below expectations (6100M) in October
USD/CAD declines to 1.3183 by the press time of Thursday’s Asian session. The quote tests the lowest levels since November 19.
GBP/USD seesaws around 1.3100 during Thursday’s Asian session. The pair clings to a multi-month-old rising resistance line amid overbought RSI.
The Reserve Bank of New Zealand today announced its final decision on banks' capital requirements. The decision has appeared to have been the cause fo
Japan Foreign Investment in Japan Stocks rose from previous ¥131.7B to ¥394B in November 29
Japan Foreign Bond Investment declined to ¥-511.1B in November 29 from previous ¥-155.2B
NZD/USD rises to the fresh high since August while taking the bids to 0.6555 during Thursday’s Asian session. The latest catalyst for the surge comes from RBNZ.
USD/JPY is steady in the Asia open as we head into the later part of the week in anticipation of critical Aussie, EZ and US data as well as a likely b
Early Thursday morning in Asia at 00:30 GMT markets will see Australia’s October month Retail Sales and Trade Balance numbers.
South Korea Current Account Balance registered at 7.83B above expectations (7.47B) in October
Gold prices decline to $1,474.50 amid the initial Asian session on Thursday. The bullion pulled back from 50-DMA while portraying a bearish candlestick.
The Telegraph recently ran a story based on the United Kingdom’s (UK) Prime Minister (PM) Boris Johnson’s statement of intent for the first 100 days of ruling.
AUD/USD declines to 0.6848 by the press time of early Thursday morning in Asia. The pair fails to extend the previous day’s recovery.
On the daily chart, EUR/USD is trading in a downtrend below the 200-day simple moving average (DMA). However, this week, the market had a sharp reversal up abo