The European Central Bank is planning to restart the government bond purchases program by November according to the German news magazine Der Spiegel,
The Aussie is trading in a bear trend below the 0.7000 handle and the 200-day simple moving average (DSMA). AUD/USD 4-hour chart AUD/USD is pulling b
USD/JPY is erasing parts of the losses genearted by Fed’s Williams commenst on Thursday. USD/JPY 4-hour chart USD/JPY is trading below its main SMAs
A correction of the US Dollar on Friday favor the decline in gold prices. The yellow metal earlier today jumped during the Asian session to $1,453 the
EUR/USD is trading in a bear trend below its main daily simple moving averages (DSMAs). The Michigan Consumer Sentiment Index (July) came in just belo
The renewed selling bias around the European currency is now forcing EUR/JPY to abandon the 121.30 region and retreat to the sub-121.00 area. EUR/JPY
United States Michigan Consumer Sentiment Index below forecasts (98.5) in July: Actual (98.4)
Rabobank analysts believe that the ECB’s Governing Council will use the July meeting to steer towards a rate cut in September. Key Quotes “Policy rate
USD/CAD is waveringe near multi-month lows as the market is currently capped below the 1.3100 handle and the main daily simple moving averages (DSMAs)
The US Dollar Index (DXY), which tracks the greenback vs. a bundle of its main rivals, is reversing two consecutive declines and extends the rebound b
Nathan Janzen, senior economist at Royal Bank of Canada, notes that the Canadian retail sales declined 0.1% in May and excluding prices, sales were do
GBP/USD is currently correcting Fed’s Williams spike. The market is in a bear trend below its main daily simple moving averages (DSMAs). GBP/USD 4-hou
James Knightley, chief international economist at ING, notes that the UK government borrowing increased more than expected in June thanks to both high
The single currency is now eroding initial gains and comes under renwed selling pressure, dragging EUR/USD to fresh daily lows in the 1.1220 region. E
Belgium Consumer Confidence Index increased to -6 in July from previous -7
The Canadian Retail Sales dropped by 0.1% on a monthly basis in May when compared to the market expectation of +0.3% and +0.2% last, according to the
Canada Retail Sales (MoM) registered at -0.1%, below expectations (0.3%) in May
Canada Retail Sales ex Autos (MoM) registered at -0.3%, below expectations (0.4%) in May
According to analysts at ABN AMRO, the ECB has been criticized for the asymmetric inflation target, a criticism which has also been levelled at the Fe
In view of analysts at TD Securities, the University of Michigan's sentiment indicator is expected to show a modest improvement in July to 98.8 from 9
The AUD/USD pair is on a gradual decline so far this Friday, extending the correction from three-month tops of 0.7082 reached in early Asia. The spot
India Bank Loan Growth remains unchanged at 12% in July 12
India FX Reserves, USD: $428.8B (July 12) vs previous $429.91B
Analysts at TD Securities point out that the Canadian retail sales for May are the lone data release heading into the weekend and will be a key econom
The Turkish Lira has given away initial gains and is now lifting USD/TRY to the vicinity of 5.65, or daily highs. USD/TRY re-focused on US-Turkey tens
Canadian Retail Sales overview Statistics Canada will publish the monthly retail sales report for the month of May later this Friday at 12:30 GMT. The
Analysts at ABN AMRO note that the US exchange rate policy has been in the spotlight recently, and US Treasury Secretary Mnuchin was quizzed on the to
WTI (futures on Nymex) is seen consolidating its recovery from monthly lows of 54.75, the bulls take a breather amid resurgent US dollar demand and ne
Robert Rennie, analyst at Westpac, suggests that they have stuck with a more negative bias for USD/JPY for the last few weeks on the basis of the pote
The sharp rebound in the Sterling has forced EUR/GBP to extend the rejection from multi-month peaks in the mid-0.9000s recorded on Wednesday, returnin
Gold (futures on Comex) extends its side-trend around the 1440 mark into the mid-European session, having stalled its retreat from 2019 highs of 1454
Analysts at ING note that the USD was briefly hit yesterday by comments by Treasury Secretary Steven Mnuchin that there was no change to Washington's
EUR/USD Overview Today last price 1.1239 Today Daily Change 46 Today Daily Change % -0.35 Today daily open 1.1278 Trends Daily SMA20 1.1289 Daily SMA
St. Louis Federal Reserve President James Bullard was on the wires last minutes, via WSJ, noting that a 25bps rate cut this month would be appropriat
Dollar Index Spot Overview Today last price 97 Today Daily Change 25 Today Daily Change % 0.31 Today daily open 96.7 Trends Daily SMA20 96.78 Daily S
Unabated US dollar buying across the board keep the recovery mode intact in the USD/CAD pair on the 1.30 handle, but the bulls struggle to take-out th
Danske Bank analysts note that yesterday in the UK, a majority in the House of Commons passed an amendment making it harder for the government to pror
EUR/JPY Overview Today last price 121.02 Today Daily Change 44 Today Daily Change % 0.02 Today daily open 121 Trends Daily SMA20 121.87 Daily SMA50 1
Analysts at ING suggest that the EUR/CHF is likely to move to 1.05 this summer as expectations are building of ECB quantitative easing. Key Quotes “Ef
Tuuli Koivu, analyst at Nordea Markets, suggests that given the weak economic outlook, low core inflation and inflation expectations for Euro area, mo
The latest headlines crossed the wires from the German Chancellor Angela Merkel, via Reuters, as she speaks about the German economic situation. The G
United Kingdom Public Sector Net Borrowing registered at £6.5B above expectations (£3.2B) in June
Greece Current Account (YoY) increased to €0.301B in May from previous €-1.4B
FX Strategists at UOB Group remain optimistic on spot and they now see it attempting a test of the 0.7110 region in the near term. Key Quotes 24-hour
European Monetary Union Current Account s.a rose from previous €21B to €29.7B in May
European Monetary Union Current Account n.s.a declined to €13.3B in May from previous €19.2B
European Monetary Union Current Account s.a increased to €30B in May from previous €21B
China's Foreign Ministry is out with a statement on Friday, confirming that the Chinese Vice-Premier Liu He had a telephonic conversation with the US
The UK Conservative and Member of Parliament for North East Somerset, Jacob Rees-Mogg, said on Friday, the UK PM frontrunner Johnson is likely to resi
Analysts at Westpac, notes that China’s Q2 GDP was on expected lines with annual growth decelerating to 6.2%. Key Quotes “Support from net exports aba
The shared currency is trading on the back footing at the end of the week, forcing EUR/USD to recede from recent tops and trade in the 1.1260 region.
Karen Jones, analyst at Commerzbank, explains that for the USD/CHF pair, their view of neutral to negative has been recently rejected by the 2 month d
The Iranian semi-official Tasnim news agency quotes Iran’s top military spokesman Abolfazl Shekarchi, as saying that all the country’s drones had retu
Cable’s rebound could extend further although it is likely to remain sidelined in the near term, suggested FX Strategists at UOB Group. Key Quotes 24-
The US dollar recovery gathered steam across the board in the European session, sending USD/JPY back towards 107.75, as the bulls continue to cheer th
Tim Riddell, analyst at Westpac, suggests that given sparse data releases over the next week, focus will concentrate on flash PMI’s on 24th and the EC
Danske Bank analysts note that a Bloomberg story yesterday suggested that informal analysis has begun at the ECB about a potential revamp of the infla
Analysts at TD Securities note that the Philly Fed index surprised massively to the upside, posting a whopping jump to 21.8 up from 0.3 in June (mkt:
According to preliminary data for JPY futures markets from CME Group, open interest increased by around 5.3K contracts on Thursday. In the same direct
FX option expiries for July 19 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.1200 567m 1.1210 983m 1.1225 595m
Sam Coates, Deputy Political Editor at Sky News reports that “Tory MPs are pushing to introduce new rules to protect the next prime minister from a co
Italian Deputy Prime Minister (PM) and Five-Star movement leader Luigi Di Maio was reported by Reuters, as saying that there is no government crisis.
Iran's Deputy Foreign Minister Seyed Abbas Araghchi was on the wires last minutes, via Twitter, responding to the reports that the US Navy ship downed
Chile BCCH Interest Rate: 2.5% (July)
Here is what you need to know to start your day on Friday, July 19th, European session: - US dollar bounced vs. main competitors after the NY Fed disa
Danske Bank analysts note that the market sentiment turned swiftly positive yesterday as prominent FOMC board members of the New York Fed, Williams an
Karen Jones, analyst at Commerzbank, points out that EUR/USD pair is holding just above the March and mid-June lows at 1.1181/76 and has seen another
Germany Producer Price Index (YoY) registered at 1.2%, below expectations (1.4%) in June
Germany Producer Price Index (MoM) below expectations (-0.2%) in June: Actual (-0.4%)
CME Group’s flash figures for GBP futures markets noted investors trimmed their open interest positions by almost 5.6K contracts on Thursday. On the o
With the 21-day exponential moving average (EMA) limiting the GBP/USD pair’s recent recovery, the quote is declining to 1.2530 on early Friday.
In view of FX Strategists at UOB Group, EUR/USD is expected to remain sidelined for the time being. Key Quotes 24-hour view: “The sudden pickup in vol
Open interest in EUR futures markets rose for yet another session on Thursday, this time by around 1.5K contracts according to preliminary figures fro
Having repeated failure to rise much beyond February lows, USD/IDR declines to 13,905 ahead of the Europe markets open on Friday.
TD Securities analysts point out that Bloomberg has reported that the ECB is seriously looking at altering its inflation goal, potentially changing it
The greenback, in terms of the US Dollar Index (DXY), trades on a better footing today and is testing the 96.85/90 band ahead of the opening bell in t
ANZ analysts suggest that with the US-China trade dispute shaping up to be a long drawn-out affair, there have been some adjustments in Asia’s supply
Robert Rennie, head of financial market strategy at Westpac, points out that the RBA minutes released Tuesday confirmed that the Board is still open t
AUD/USD fails to extend its recent upward trajectory as it trades near 0.7070 heading into the Europe market open on Friday.
ANZ analysts suggest that they have changed their view on the Monetary Authority of Singapore (MAS) after last week’s poor advance Q2 GDP release, cal
Analysts at Standard Chartered suggest that China’s 2019 budget envisages a widening of the deficit to 2.8% of GDP from 2.6% in 2018 and thinks that t
Despite recent recovery, USD/INR remains below key immediate resistances as it takes the rounds to 68.78 ahead of the European open on Friday.
Japan All Industry Activity Index (MoM) came in at 0.3%, above expectations (-0.2%) in May
According to analysts at ANZ, all eyes will be on RBA communication in the week ahead as Assistant Governor (Financial Markets) Kent will be focused o
In a Reuters in interview late-Thursday, the International Energy Agency (IEA) Executive Director Faith Birol said the Agency is making downward revis
US Dollar (USD) recovery is struggling to oversee declining odds for a no-deal Brexit, which in turn flashes 1.2545 quote for the GBP/USD pair on early Friday.
EUR/USD seems to have created a minor double bottom pattern with the neckline resistance at 1.1286 over the last 13 days. A break above 1.1286 would c
The Financial Times carries a story on Friday, citing that the ongoing Brexit political turmoil has deterred the likes of former Fed Chair Yellen and
AUD/USD is currently trading largely unchanged on the day at 0.7073, having hit a session low of 0.7054 earlier today. The currency pair created a bul
Despite witnessing better than forecast spending data from New Zealand, the NZD/USD pair struggles to extend the latest rally around 61.8% Fibo on early Friday.
South Korean Trade Ministry Director crossed the wires in early trades, urging Japan to hold talks to discuss export control system. Further Headlines
The US Federal Reserve will cut rates by 25 basis points this month, contrary to market pricing for a 50 basis point rate cut, according to analysts a
The Citigroup strategists are out with their call on the July Fed rate cut following the dovish comments from Fed Vice-President Clarida and NY Fed Pr
The European Central Bank will restart the quantitative easing program and the Bank of Japan will likely take more steps counter weaker economic growt
Asian stocks are solidly bid this Friday on the rising odds of aggressive rate cuts by the US Federal Reserve (Fed). As of writing, Japan's Nikkei is
Reuters reported an hour ago that a US Trade Representative (USTR) spokesman, as saying that the US and China trade teams have had a telephonic conver
According to the latest Reuters poll, the odds of a no-deal Brexit outcome is at the highest since October 2017, UK Prime Minister (PM) front-runner a
Gold is currently trading at $1,443 per Oz, having hit a fresh 2019 high of $1,452. The yellow metal is trimming gains, possibly due to overbought con
NY Fed’s comments reversing significance of the President Williams’ dovish statements and trade optimism recently pleased USD/JPY buyers.
Amid rife trade dispute between Japan and South Korea, the Japanese Foreign Minister Kono came out on the wires on Friday, telling the South Korean En
The Washington Post has reported that the U.S. technology industry is pushing the Trump administration for permission to supply Chinese tech company H
Brent oil's recovery from the one-month low off $61.32 could be extended further to key resistance at $63.80 on the hourly chart. Sings of seller exha
USD/CNH keeps following a short-term symmetrical triangle as it trades near 6.8755 during early Friday.
AUD/JPY has risen to the to a resistance, obeying the trendline support since recovering from the 18th June swings lows located down at 73.93. Bulls h
The People's Bank of China (PBOC) has set the Yuan reference rate at 6.8635 vs Thursday's fix of 6.8761.
Having slumped to the lowest in a fortnight, the US Dollar Index (DXY) recovers to 96.81 during the early morning on Friday.
USD/JPY dropped from 108.00 to 107.21 for a one-month low overnight. In Tokyo, the price has been stabilising between 107.33/43. The slide in the pair
The GBP/USD pair’s recent recovery is currently struggling with the 100-hour moving average (4H 100MA) amid overbought RSI.
Given the New York Fed’s attempt to downplay the President Williams’ previously dovish comments, the USD/CAD pair recovers from multi-month lows.
The US Dollar and rates dropped following Federal Reserve James Williams advocating for significant easing which was followed up by Clarida underscori
Japan Foreign Bond Investment rose from previous ¥297.1B to ¥950B in July 12
Japan Foreign Investment in Japan Stocks fell from previous ¥192.2B to ¥-93.1B in July 12
Japan National CPI ex Food, Energy (YoY) came in at 0.5%, below expectations (0.6%) in June
Japan National CPI ex-Fresh Food (YoY) meets expectations (0.6%) in June
Japan National Consumer Price Index (YoY) meets forecasts (0.7%) in June
Despite successfully trading above 23.6% Fibonacci retracement of a recent downpour, the GBP/JPY pair lags behind many key resistances by early Friday.
With the US Dollar (USD) taking some of the pips back from bears, the Gold drops off the May 2013 high while trading near $1443 amid initial Friday.
Oil was sold off into the New York session but recovered some ground late in the day following escalations of the U.S. and Iran stand-off. In New York
With the failure to slip beneath 120.80/78 support-zone, the EUR/JPY pair trades near 121.00 during early Friday.
Just when the markets are heavily expecting a 50 bps Fed rate cut on New York Fed President Williams comments, the bank came out with statements.
While yesterday's jobs report initially built the Aussie run-up, dovish comments from the key Fed members fuelled the pair which is at the 12-week top now.
Three key Tory members of the UK political fraternity are readying to resign if Boris Johnson becomes the PM next week, as per the UK Times.
With the Fed policymakers’ clear bearish bias dragging the US Dollar (USD) down, the NZD/USD carries previous strength forward as it trades near 3-month high.
DJIA was ending the day flat at 27,222. Nasdaq Composite Index ended 0.3% higher at 8,207. The S&P 500 index added 0.4% to end at 2,995. Wall Street'
South Korea Producer Price Index Growth (YoY) below forecasts (0.5%) in June: Actual (0.1%)
South Korea Producer Price Index Growth (MoM) below expectations (-0.1%) in June: Actual (-0.3%)
The US Dollar Index (DXY) broke below the 97.00 handle and the 200-daily simple moving average (DSMA). DXY 4-hour chart The market is trading below it