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