The Reserve Bank of New Zealand's governor, Adrian Orr comments are crossing the wires following yesterday's interest rate decision as he speaks to a
EUR/JPY was one of the watchlists picks for the week in a technical analysis and price projection illustrated in the following article: The Watch List
The NZD/USD pair started the day on a firm footing and posted strong gains during the Asian trading hours. After going into a consolidation phase duri
Further to the prior analysis, Gold Price Analysis: Bears engaging below firm resistance, targetting $1,750, gold has indeed broken below 1800 and rea
OPEC+ oil producers will discuss a 500,000 barrels per day (bpd) increase in the oil output from April, Reuters reported on Wednesday, citing OPEC+ so
US equity markets have picked up where they left off in the second half of Tuesday’s session and continue to grind higher, with the S&P 500 up about 0
Federal Reserve's Vice Chairman Richard Clarida said on Wednesday that he sees the asset market pricing as consistent with expectations for robust eco
As per the prior analysis, GBP/USD Price Analysis: Bulls coming up for their last breath?, cable rallied in a fresh daily impulse from the support str
"Prospects for the economy in 2021 and beyond have brightened and the downside risk to the outlook has diminished," Federal Reserve's Vice Chairman Ri
United States 5-Year Note Auction rose from previous 0.424% to 0.621%
AUD/USD has remained well support above the 0.7900 level on Wednesday and is now recovering back towards Asia Pacific session highs in the 0.7940s as
New Home Sales in the US rose above expectations during January. Analysts at Wells Fargo point out sales were also revised higher for the past three m
US dollar trims gains versus G10 currencies as the decline in Treasuries moderates. The USD/JPY is having the best day in a week amid rising US yields
Front-month futures contracts for the American benchmark for sweet light crude oil, West Texas Intermediary (or WTI), continues to advance to the upsi
The EUR/USD pair dropped further amid a stronger US dollar and bottomed at 1.2108, the lowest level in two days. As of writing, it is hovering around
EUR/GBP was choppy amid thin volumes during Asia Pacific trade, seeing a sharp sell-off to set fresh multi-month lows under the 0.8550 mark despite a
United States EIA Crude Oil Stocks Change came in at 1.285M, above forecasts (-5.372M) in February 19
Bank of England (BoE) Deputy Governor Ben Broadbent is delivering his remarks on the state of the economy and the policy outlook at the Treasury Selec
New Home Sales in the US rose by 4.3% in January to a seasonally adjusted annual rate of 923,000, the data published jointly by the US Census Bureau a
FOMC Chairman Jerome Powell is delivering his remarks on the state of the economy and the policy outlook at the semi-annual testimony before the US Ho
United States New Home Sales (MoM) above forecasts (0.855M) in January: Actual (0.923M)
United States New Home Sales Change (MoM) above expectations (2.1%) in January: Actual (4.3%)
Bank of England (BoE) Deputy Governor Ben Broadbent is delivering his remarks on the state of the economy and the policy outlook at the Treasury Selec
Bank of England Governor (BoE) Andrew Bailey is delivering his remarks on the state of the economy and the policy outlook at the Treasury Select Commi
Gold (XAU/USD) has sold off to test and reversed from support at 1760/1765.61, which is the May high and 50% retracement. The yellow metal is trying t
Jonathan Haskel, a member of the Monetary Policy Committee (MPC) of the Bank of England (BoE), is delivering his remarks on the state of the economy a
Wall Street's main indexes staged a decisive rebound in the second half of the session on Tuesday but struggled to carry the momentum into Wednesday.
Spot silver prices (XAG/USD) have slipped to fresh session under the $27.50 mark in recent trade, weighed predominantly by a pick-up in US bond yields
Copper (LME) has already exceeded its bull “flag” target from September 2020 at $8895 but though the move looks overextended, strategists at Credit Su
The increasing selling pressure in the Japanese yen is fuelling the upside momentum in EUR/JPY well past the 128.00 hurdle on Wednesday. EUR/JPY stron
The XAU/USD pair turned south in the early trading hours of the American session and dropped to a two-day low of $1,797. The sharp upsurge witnessed i
Economists at Credit Suisse now expect 10yr US Bond Yields to rise to 1.82% by the end of 2021, which is the 50% retracement of the entire fall from 2
The USD/CAD pair refreshed daily tops during the early North American session, with bulls now looking to build on the momentum further beyond the 1.26
EUR/USD eases ahead of Wall Street’s opening but holds within familiar levels. US Treasury yields are standing around fresh one-year highs while the d
EUR/USD’s bullish attempt faltered once again near 1.2180, or multi-day highs, on Wednesday. In this area also converges a Fibo level at 1.2173. As lo
The 10-year US Treasury bond yield gained more than 1% on Monday and touched its highest level in nearly 1 year at 1.394%. After staging a correction
The USD/CHF pair added to the previous day's strong move up and gained some follow-through traction for the second consecutive session on Wednesday. T
The US Federal Reserve said on Wednesday that FOMC Chairman Jerome Powell's prepared remarks to the House Financial Services Committee on Wednesday wi
The one-shot COVID-19 vaccine developed by Johnson & Johnson appeared effective and safe in the latest trials, the US Food and Drug Administration (FD
Gold continued with its struggle for a firm intraday direction and remained confined in a range below the $1810 level through the mid-European session
S&P 500 has achieved its “measured top objective” at 3819/17 within the space of two sessions and the Credit Suisse analyst team now shifts its bias b
Crude oil prices regained bullish momentum following Tuesday's pullback. The barrel of West Texas Intermediate (WTI) posted a daily loss of 1.6% and c
The USD/JPY pair added to its strong intraday gains and refreshed weekly tops, around the 105.85 region during the mid-European session. The pair buil
Brazil Current Account registered at $-7.25B above expectations ($-7.75B) in January
DXY keeps the rangebound trading in the 90.00 region, always supported by the key 2020-2021 support line (near 89.80). While further consolidation aro
GBP/USD has tumbled over 100 pips from the highs after a massive rally. Fed Chair Powell´s dovishness and the UK´s exit plan may trigger a new upward
EUR/JPY gathers extra steam and clinches fresh 2021 highs in the 128.80 region on Wednesday. The rally in the cross stays unabated so far and now targ
GBP strength has been gathering momentum allowing the pound to top the G10 performance table in the year to date. Nonetheless, economists at Rabobank
Brazil Mid-month Inflation above expectations (0.46%) in February: Actual (0.48%)
Mexico Retail Sales (YoY) came in at -5.9% below forecasts (-5.6%) in December
The GBP/USD pair surrendered a major part of the strong intraday gains to 34-month tops and might now be headed towards the lower end of its daily tra
The USD/CAD pair closed the previous four trading days in the negative territory and continues to edge lower on Wednesday. As of writing, the pair was
Mexico Retail Sales (MoM) came in at -2.4%, below expectations (1.2%) in December
Mexico 1st half-month Core Inflation below expectations (0.25%) in February: Actual (0.22%)
Mexico 1st half-month Inflation came in at 0.23%, below expectations (0.27%) in February
United States MBA Mortgage Applications down to -11.4% in February 19 from previous -5.1%
Economist at UOB Group Barnabas Gan assesses the latest inflation figures in Singapore. Key Quotes “Singapore’s consumer price index rose for the seco
USD/JPY is trading at daily highs near the 105.80 level. The pair has lost its bearish strength but needs to break above 105.95 to reinforce the bulli
The NZD/USD pair jumped to its highest level since April 2018 at 0.7393 on Wednesday and seems to have gone into a consolidation phase ahead of the Am
USD/CHF saw a strong and unexpected surge higher, breaking above the crucial early February high and the downtrend from early 2020, currently at 0.903
EUR/GBP has removed with ease the 0.8609/07 mark and this should see the trend stay directly lower with next support seen at 0.8520 – the 38.2% retrac
Germany 10-y Bond Auction: -0.32% vs -0.54%
Japanese Prime Minister Yoshihide Suga said on Wednesday that they will announce on Friday whether or not they decide to end the state of emergency du
Money markets point to the Bank of England's (BoE) policy rate remaining above zero at least until 2022, Reuters reported on Wednesday. In early Febru
The AUD/USD pair closed flat on Tuesday and climbed to its highest level in nearly three years at 0.7945 during the Asian trading hours on Wednesday.
Above 1.2190, the EUR/USD pair should bring its consolidation phase to an end for a resumption of the uptrend and a move back to 1.2345/55, in the vie
The single currency regains some composure and lifts EUR/USD to the 1.2170 region once again, where it met some decent resistance (once again…). EUR/U
The USD/CHF pair jumped to the highest level since early December, around the 0.9085 region in the last hour, albeit quickly retreated few pips therea
The Deutsche Bank economists raised their 2021/2022 forecasts for US GDP amid expectations of a bigger stimulus package, Reuters reports, citing a str
The Bank of Japan (BOJ) must conduct a genuine review that takes a harder look at the rising side-effects of prolonged easing, former central bank Dep
The outlook for USD/CNH is expected to remain constructive as long as it trades above the 6.4200 level, noted FX Strategists at UOB Group. Key Quotes
EUR/CHF has surged dramatically higher, closing above 1.0916 to complete a major base, which suggests further upside, with next resistance seen at 1.1
The price of copper (futures on Comex) is looking to extend its correction from nine-and-a-half year highs reached $4.2365 in early Asia. In doing so,
The GBP/JPY cross maintained its strong bid tone near the highest level since May 2018, with bulls awaiting a sustained move beyond the key 150.00 psy
Gold struggled to preserve its intraday gains and retreated to the lower end of its daily trading range, around the $1805 region during the early Euro
ETF purchases not significantly crippling market functions. Do not think ETF purchases cause serious corporate governance problems. Aware of the view
Austria Purchasing Manager Index increased to 58.3 in February from previous 54.2
Switzerland ZEW Survey – Expectations rose from previous 43.2 to 55.5 in February
EUR/USD has failed to take advantage of Fed Chair Powell's dovish words. A delay in vaccine deliveries to Europe and an extended German lockdown may w
The US Dollar Index (DXY), which gauges the greenback vs. a bundle of its main competitors, trades slightly into the negative territory and close to t
The USD/CAD pair remained depressed through the early European session and was last seen hovering around the 1.2575 region, just above 34-month lows s
The kiwi has continued to strengthen following the RBNZ’s latest policy meeting where the Reserve Bank of New Zealand acknowledged stronger growth but
According to FX Strategists at UOB Group, there is still scope for USD/JPY to re-test the 104.40 region in the near-term. Key Quotes 24-hour view: “Ou
Sustainable funds outperformed traditional peer funds and reduced investment risk during coronavirus in 2020, according to the Morgan Stanley Institut
A big move has been seen in the pound, with the EUR/GBP pair eroding the 2016-2021 uptrend at 0.8591. A second daily close below this level would open
GBP/USD is consolidating the vertical rise to 35-month highs of 1.4234, as the bulls are lacking follow though impetus after failing to recapture the
The AUD/USD pair eased on Tuesday but still held above the 0.7900 mark, leaving the positive momentum intact. Terence Wu, FX Strategist at OCBC Bank,
The USD/JPY pair maintained its bid tone through the early European session and was last seen trading near two-day tops, around mid-105.00s. The pair
USD/CAD’s inability to surmount a resistance window 1.2899-1.2952 has led to USD bears reasserting control. A downward thrust under 1.2517 should enha
France Business Climate in Manufacturing below forecasts (99) in February: Actual (97)
Here is what you need to know on Wednesday, February 24: The market mood is mixed on Wednesday after a turbulent Tuesday – the Fed's Powell soothed ma
Economists at Credit Suisse tweak the USD/RUB short-term target range lower to 72.00-76.00 (from 73.00-77.00). The agreement of EU foreign ministers o
The market has seen a big move in the Swiss franc as the USD/CHF pair has rallied sharply higher towards the 0.9092 downtrend. Karen Jones, Team Head
The NZD/USD pair consolidated the post-RBNZ strength to fresh 34-month tops and was seen oscillating in a range around the 0.7370-75 region. The pair
China looks forward to working with US colleagues to focus on cooperation and manage differences Foreign Ministry’s outlook remains grim and complex t
A goodish USD rebound and an uptick in the US bond yields prompted some selling around gold on Tuesday. The yellow metal was last seen trading around
CME Group’s flash data for crude oil futures markets noted open interest shrunk for the third consecutive session on Tuesday, now by nearly 4K contrac
Traders scaled back their open interest positions in natural gas futures markets for the fourth straight session on Tuesday, now by around 10.6K contr
AUD/USD is seen climbing to the 0.7960 region in the next weeks, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “We highlighted yesterday
Denmark Retail Sales (YoY) fell from previous 1% to -7.6% in January
Germany Gross Domestic Product (YoY) registered at -3.7% above expectations (-3.9%) in 4Q
Germany Gross Domestic Product w.d.a (YoY) registered at -2.7% above expectations (-2.9%) in 4Q
Germany Gross Domestic Product (QoQ) registered at 0.3% above expectations (0.1%) in 4Q
AUD/USD consolidates its retreat from three-year highs of 0.7945, having reversed most gains, as the turnaround in the risk sentiment lifted the haven
Open interest in gold futures markets extended the downtrend for yet another session on Tuesday, this time by nearly 9K contracts according to prelimi
The recent strong performance in the British pound could lift Cable to the 1.4300 level and above, in opinion of FX Strategists at UOB Group. Key Quot
UOB Group’s FX Strategists believe EUR/USD could trade within the 1.2050-1.2200 range in the next weeks. Key Quotes 24-hour view: “Yesterday, we held
USD/INR licks its wounds around 72.35 after bouncing off 72.31, the lowest in 11 months, during the initial Indian session on Wednesday. In doing so,
EUR/GBP wavers around 0.8580, currently down 0.30% to 0.8581, ahead of Wednesday’s European session. In doing so, the quote battles an upward sloping
FX option expiries for Feb 24 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.2100 919m 1.2130 903m 1.2150 733m
GBP/USD wavers around the mid-1.4100s, up 0.35% intraday, after stepping back from a brief rally to 1.4243 while heading into the London open on Wedne
Gold (XAU/USD) consolidates its overnight recovery above $1800, having capitalized on Fed Chair Jerome Powell’s dovish comments. Powell signaled Tuesd
AUD/USD extends pullback from fresh 36-month high while declining to 0.7915 ahead of Wednesday’s European session. In doing so, the quote respects ove
EUR/USD lacks clear directional bias, with bulls refusing to step in despite dovish comments by Federal Reserve's chairman Powell. "The economic recov
Despite Fed Chair Jerome Powell’s ability to pause bond rally, Asia-Pacific shares fail to recover. The reason could be traced from the economic fears
The gold price is likely to continue its upward trend through 2021 and could rally as high as $2,200 an ounce, Fahad Tariq, Precious Metals Analyst at
USD/JPY eases from intraday top of 105.50 to 105.45, up 0.18% intraday, during early Wednesday. In doing so, the yen pair keeps Tuesday’s recovery mov
“Even with Australia’s borders closed for almost a year now, shutting down the country’s top services exports of international education and tourism,
Gold trades near $1,810 per ounce at press time, having failed to take out the descending or bearish 5-week Simple Moving Average of $1,816 on Tuesday
GBP/USD surged by roughly 100 pips during Wednesday's Asian trading hours to print 34-month highs above the 100-hour Simple Moving Average (SMA). The
Steny Hoyer, the Majority Leader of the US House of Representatives, confirmed in his tweet, the House will vote on President Joe Biden’s $1.9 trillio
Japan could likely be forced to keep issuing deficit-covering bonds at least until 2025, Finance Minister Taro Aso said on Wednesday, given that count
NZD/USD clocked a high of 0.7384 soon before press time – the level last seen in April 2018. The pair defended the former hurdle-turned-support of 0.7
S&P 500 Futures pick up bids near 3,885, up 0.20% intraday, during the early Wednesday. In doing so, the risk barometer rises for the first time in se
“The central bank remains committed to providing more stimulus if needed,” said the Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr while speak
As per the prior analysis on EUR/JPY within this weeks, The Watch List: Gold, USD/JPY, AUD/USD, EUR crosses and many more, the cross has indeed moved
EUR/USD is trading near 1.2160 at press time. That level is currently housing the neckline resistance of the inverse head-and-shoulders pattern, as se
Following its initial run-up to 1.0821, AUD/NZD drops back to 1.0773 during early Wednesday. The pair’s latest moves could be traced to the Reserve Ba
The People's Bank of China (PBOC) has set the yuan reference rate at 6.4615 versus Tuesday's fix at 6.4516.
NZD/USD stands on slippery ground, losing over 35 pips before recently bouncing to 0.7330, after the Reserve Bank of New Zealand’s (RBNZ) rate decisio
The Reserve Bank of New Zealand and MPS was not expected to announce any further changes today and instead acknowledge that there is now less need fo
New Zealand RBNZ Interest Rate Decision meets forecasts (0.25%)
AUD/JPY rallies to the intraday high of 83.45, up 0.10% on a day, while cheering welcome Wage Price Index for Australia during Wednesday’s Asian sessi
AUD/USD is now trading marginally higher on the day, with Australian currency finding some love in the wake of an upbeat December quarter wage price i
The following is an analysis of the hourly time frame and price structure ahead of the Reserve Bank of New Zealand event at 01:00 GMT. When is the RBN
Australia Wage Price Index (QoQ) above expectations (0.3%) in 4Q: Actual (0.6%)
Australia Wage Price Index (YoY) above forecasts (1.1%) in 4Q: Actual (1.4%)
Australia Construction Work Done below expectations (1%) in 4Q: Actual (-0.9%)
GBP/USD rises to a fresh high since April 2018 while taking the bids near 1.4122 during Wednesday’s Asian session. In doing so, the cable stays strong
Early Wednesday at 01:00 GMT market sees the key monetary policy decision by the Reserve Bank of New Zealand (RBNZ). New Zealand’s central bank is at
USD/CAD takes a U-turn from 1.2597 to recently around 1.2585 in a fresh downside during Wednesday’s Asian session. In doing so, the loonie pair fizzle
Gold keeps $1,800, currently around $1,805, while struggling to defy the previous day’s pullback from a one-week top during the initial Asian session
As per the prior analysis, GBP/AUD Price Analysis: Monitoring for bullish structure to target 38.2% Fibo, the price has indeed moved to the target are
GBP/USD continued its upwards march on Tuesday and rallied confidently to the north of the 1.4100 mark for this first time since April 2018. As FX mar
Silver wavers in a range above $27.50, currently around $27.65, while trying to defend the bulls amid the initial Asian session on Wednesday. The whit
WTI drops from $61.89 to $61.06, currently around $61.20, at the end of Tuesday’s settlement, early Wednesday morning in Asia. The oil benchmark recen