US oil is struggling in a volatile geopolitical environment, stripping value in the price of a barrel over renewed concerns over energy demand. The US
Net short GBP positions dropped back for a fourth consecutive week, although long GBP/USD is losing its appeal today having come off the highs for the
Finnish Prime Minister Antti Rinne crossed the wires in the last minutes arguing that there is not enough time in a practical or a legal way to find a
Commenting on the latest Commitments of Traders (COT) report published by the United States (US) Commodity Futures Trading Commission (CFTC), "The agg
Optimism on trade talks is improving the market mood and lessening the demand for the safe-haven metal. Gold is trading below the 1,500 psychological mark as t
Boosted by the broad-based USD weakness seen on Thursday and Friday, the EUR/USD pair gained traction and closed the last week in the positive territo
Little demand for the safe-haven yen keeps USD/JPY near two-months highs.
Despite the subdued trading action on Monday amid the Columbus Day holiday in the United States (US) and the Thanksgiving Day holiday in Canada, the U
Rabobank analysts point out that the week ahead will bring updates on US retail and industrial production and in the UK labour, CPI inflation and reta
ANZ analysts note that India’s headline CPI rose to a 14-month high in September, sharper than even our non-conservative estimate. Key Quotes “The inc
The GBP/USD pair rallied over 100 pips from the mid-European session swing lows and surged beyond the 1.2600 handle in the last hour, back closer to t
The selling bias around the European currency stays well and sound so far on Monday, with EUR/USD navigating the low-1.10s amidst some moderate recove
The AUD/USD pair gained some strong follow-through traction on Friday and climbed to three-week tops in reaction to a positive outcome from the much-h
Francesco Pesole, FX strategist at ING, suggests that the markets resonance of the October update of the US semi-annual Treasury reports on FX manipul
Analysts at TD Securities are expecting a 3.0% y/y outcome for China's CPI in September. Key Quotes “Inflation has risen over past months due largely
Following the impressive rally witnessed in the second half of the previous week, major equity indexes in the United States (US) started the new week
ANZ analysts note that China’s commodity imports for September were mixed amid uncertainty surrounding global economic backdrop. Key Quotes “Energy im
The US Dollar Index (DXY), which gauges the Greenback vs. a bundle of its main competitors, is trading on a firm footing on Monday and it has already
Senior Economist Julia Goh and Economist Loke Siew Ting at UOB Group assessed the recently published 2020 Budget by the Malaysian government. Key Quot
Bank of England (BOE) Monetary Policy Committee (MPC) member and Deputy Governor Cunliffe on Monday noted that the Brexit uncertainty was weighing on
The USD/JPY pair gained nearly 150 pips last week despite the broad-based selling pressure surrounding the USD as the upbeat market sentiment weighed
The Turkish Lira keeps losing ground on Monday and is now lifting USD/TRY to fresh multi-months highs near the critical 6.00 mark. USD/TRY higher as U
Deutsche Bank analysts lists down the key market moving events and economic releases for the week ahead. Key Quotes “Tuesday Data: China September CPI
The GBP/JPY cross extended its steady decline through the mid-European session on Monday and is currently placed at the lower end of its daily trading
Bank of England (BOE) Monetary Policy Committee (MPC) member and Deputy Governor Cunliffe on Monday said that a great deal of careful deliberation was
ING analysis team suggests that amidst growing controversy about the role of cryptocurrencies to the future stability of global financial markets, may
According to CFTC Commitment of Traders Report, USD net longs slipped for the first time since the middle of August, though levels remain elevated, no
During an interview with CNBC on Monday, United States (US) Treasury Secretary, Steven Mnuchin, said that they did make progress in last week's negoti
The USD/CHF pair failed to capitalize on last week's attempted rebound from a support marked by the lower end of a two-month-old ascending trend-chann
Crude oil prices finished the previous week on a strong note boosted by the heightened expectations of the United States (US) and China reaching a par
China’s Premier Li Keqiang crossed the wires in the last minutes, noting that the downward pressure on China's economy is increasing. "We will keep ec
According to analysts at ABN AMRO, the global economy has slowed markedly since early 2018 and their outlook is for continued sluggish, below-trend gr
United States (US) President Donald Trump delivered his latest comments on the conflict in Northern Syria and warned Turkey against sanctions. "Europe
Analysts at National Bank Financial, point out that in the US, we’ll get information about economic activity in late Q3 thanks to September data. Key
The buying interest around the Japanese safe haven is forcing EUR/JPY to recede further ground and abandon the area of recent tops in the 120.00 neigh
The pair failed to capitalize on last week's late positive move and witnessed some fresh selling on Monday near a resistance marked by 61.8% Fibonacci
Analysts at the Royal Bank of Scotland note that both sides in the trade war were in rapprochement mode last week. Key Quotes “China committed to doub
The Sterling is giving away part of the recent sharp advance in is lifting EUR/GBP to fresh daily highs in the vicinity of 0.8800 the figure. EUR/GBP
In her prepared speech at the State Opening of Parliament, the queen said the British government's priority is to secure the United Kingdom's (UK) dep
In view of analysts at National Bank Financial, for the Canadian economy, a lot of attention will be on September’s consumer price index. Key Quotes “
Han de Jong, chief economist at ABN AMRO, points out that Japan’s recent data is not hugely positive with its leading index falling from 93.7 in Augus
Gold edged higher through the early European session and is currently placed at the top end of its daily trading range, around the $1495 region. Follo
Deutsche Bank analysts suggest that the focal point of the week for the markets will be the EU Council summit taking place on Thursday and Friday. Key
These are the main highlights of the CFTC Positioning Report for the week ended on October 8th. Speculators took their net short positions in EUR to t
Saudi Arabia's energy minister on Monday said that the kingdom will ve at 12 million barrels per days of capacity at the end of November, per Reuters.
The USD/CAD pair built on its steady intraday move up and is currently placed at the top end of its daily trading range, around the 1.3225 region. A c
Even though Eurozone industrial production increased by 0.4% in August, it doesn't really seem like the industrial recession has ended just yet, notes
EUR/USD Overview Today last price 1.1036 Today Daily Change 26 Today Daily Change % -0.01 Today daily open 1.1037 Trends Daily SMA20 1.0985 Daily SMA
The intraday selling pressure around the British Pound remained unabated through the early European session on Monday and dragged the GBP/USD pair to
Dollar Index Spot Overview Today last price 98.42 Today Daily Change 19 Today Daily Change % 0.09 Today daily open 98.33 Trends Daily SMA20 98.81 Dai
EUR/JPY Overview Today last price 119.45 Today Daily Change 52 Today Daily Change % -0.16 Today daily open 119.64 Trends Daily SMA20 118.25 Daily SMA
European Monetary Union Industrial Production w.d.a. (YoY) registered at -2.8%, below expectations (-2.5%) in August
European Monetary Union Industrial Production s.a. (MoM) above expectations (0.3%) in August: Actual (0.4%)
The AUD/USD pair refreshed daily lows, around the 0.6760 region during the early European session on Monday and erased a major part of the previous se
Germany's economy ministry, in its monthly report, said that indicators don't point to a turnaround but a pronounced recession is not expected. Additi
According to Iris Pang, Greater China Economist at ING, China's September trade data, released earlier this Monday, reflects increasing damage from th
FX Strategists at UOB Group keep the constructive view on USD/JPY and see a probable move to the 109.00 region in the near term. Key Quotes 24-hour vi
In view of Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, Cable could extend the upside as long as the 1.2400/1.2365 band und
The upside momentum in the shared currency is losing some traction at the beginning of the week, prompting EUR/USD to recede to the vicinity of 1.1010
The upside momentum in USD/CHF could struggle to overcome the 1.0000/28 band, suggested Karen Jones, Team Head FICC Technical Analysis Research at Com
The Danske Bank analysts provide brief insights on the key events of note later in the day ahead. Key Quotes: Today, focus is first and foremost on th
Turkey Industrial Production (YoY): -3.6% (August) vs previous -1.2%
The USD/JPY pair edged lower on the first day of a new trading week and eroded a part of the previous session's positive move to the highest level sin
India WPI Inflation came in at 0.33% below forecasts (0.9%) in September
According to Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, EUR/USD could extend the recovery to the area above 1.1100 the fi
Ireland’s Foreign Minister Simon Coveney recently crosses wires while citing tough issues that remain to be solved for getting the Brexit deal.
Germany Wholesale Price Index (YoY) below expectations (-1.3%) in September: Actual (-1.9%)
Germany Wholesale Price Index (MoM) above expectations (-0.6%) in September: Actual (-0.4%)
Failure to cross the key resistance confluence presently drags the GBP/USD pair downwards to 1.2600 while heading into the London open on Monday.
GBP/USD has been on the back foot at the beginning of the new week as reports from the intense weekend talks suggest not enough progress has been made
In opinion of FX Strategists at UOB Group, AUD/USD should extend the up move on a daily close above 0.6805 in the near term. Key Quotes 24-hour view:
Open interest in JPY futures markets rose for the second straight session on Friday, now by almost 6.8K contracts, noted preliminary data from CME Gro
The FT recently ran a story highlighting the fact that more than 25% of the United Kingdom (UK) government debt is being owned by foreign investors.
Cable’s upside momentum risks facing a tough barrier above the 1.27 mark, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “We highligh
Here is what you need to know on Monday, October 14: Markets are cautious regarding the US-Sino partial trade deal. The world's largest economy agreed
Despite witnessing a downside pressure off-late, the USD/CHF pair remains well above the key supports while taking rounds to 0.9960.
CME Group’s advanced figures for GBP futures markets noted investors scaled back their open interest positions by just 148 contracts on Friday. Despit
According to flash data for EUR futures markets from CME Group, open interest extended its uptrend on Friday, this time rising by around 2.2K contract
According to FX Strategists at UOB Group, a close above 1.1050 could spark a move to 1.11 and above. Key Quotes 24-hour view: “Against our expectation
The Greenback, when tracked by the US Dollar Index (DXY), is attempting some consolidation in the lower end of the recent range near the 98.40/30 area
Despite witnessing a lack of major data/events amid an off at the US, Japan, and Canadian markets, Asian equities remain upbeat.
Weekend headlines renewed doubts over the US-China trade deal and a soft Brexit. However, the absence of Japanese traders restricts market momentum.
EUR/USD failed to close above the 50-day moving average (MA) on Friday and is trading below the key average at press time despite the US-China trade t
Not only the absence of Japanese traders but a lack of major data/events also push the USD/INR pair traders to shrug-off Chinese data.
China Trade Balance USD above expectations ($33.3B) in September: Actual ($39.65B)
GBP/USD is facing selling pressure in the Asian session and may remain on the defensive in Europe on fading optimism for the Brexit deal. The Pound is
A rise in China's trade surplus has failed to put a strong bid under the Aussie Dollar, leaving the AUD/JPY pair largely unchanged on the day at 73.50
With a slump in China’s September month imports taking over trade surplus, NZD/USD extends early-day pullback to 0.6300 amid Monday’s Asian session.
China's Imports in US Dollar terms tanked in September, pushing the Trade Surplus higher. The inbound shipments fell 8.5% year-on-year in September ve
China Trade Balance CNY up to 275.15B in September from previous 239.6B
China Imports (YoY) came in at -8.5%, below expectations (-5.2%) in September
China Exports (YoY) registered at -3.2%, below expectations (-3%) in September
China Trade Balance USD above expectations ($33.3B) in September: Actual ($36.65B)
Goldman Sachs says the offshore Yuan (CNH) is unlikely to strengthen much further in the absence of a broader trade deal that rolls back existing tari
In a reaction to mixed trade data from China, the AUD/USD pair takes the rounds to 0.6780 on early Monday.
China's Exports or outbound to shipments fell by 6% year-on-year in the January to September period, China's Customs Spokesman said on Monday, accordi
China Exports (YoY) CNY down to -0.7% in September from previous 2.6%
China Trade Balance CNY: 280B (September) vs 239.6B
China's exports unexpectedly dropped in September, but even so, its trade surplus expanded, as imports tanked more-than-expected. China's exports or o
China Trade Balance CNY down to 205B in September from previous 239.6B
China Exports (YoY) above forecasts (-3%) in September: Actual (-0.7%)
EUR/JPY is flashing red at press time, despite the US-China trade truce. The currency pair is currently trading at 119.35, representing marginal losse
Based on the positioning data for the week ending October 8, 2019, ANZ conveyed that the leveraged funds and asset managers took opposite positions.
NZD/JPY has started out the week on the back foot, falling from a high of 68.72 to a low of 68.22, -0.66%. The cross is suffering on what is potential
In its weekly overview, the Westpac bank anticipates the Australian Dollar (AUD) to remain low against the US Dollar (USD).
Despite witnessing a pullback from 61.8% Fibonacci retracement of late-August to September declines, the EUR/USD pair stays inside a short-term rising channel.
The People's Bank of China (PBOC) has set the Yuan reference rate at 7.0725 vs Friday's fix at 7.0727.
The Bank of England's (BOE) ability to support the economy will be hampered if Brexit is delayed again, BOE's Deputy Governor Dave Ramsden said in an
While global financial markets cheer upbeat developments surrounding the US-China trade deal, ING came out with a warning note.
AUD/NZD started out on the front-foot this week, rising over 0.30% from a low of 1.0713 to a high of 1.0740, scoring its highest levels since the 1st
In its latest research reports, Danske Bank came out with an upbeat analysis of Brexit developments while conveying the increased odds of a Brexit deal.
A Deloitte survey shows prolonged political uncertainty in Britain and concerns about weak domestic and external demand are forcing finance directors
USD/IDR falls short of extending Friday’s pullback as it trades near 14,130 during the early Asian session on Monday.
The USD/CNH pair has tested key support a few minutes amid the Sino-US trade optimism. The currency pair is currently trading around 7.0841, having dr
Weekend headlines concerning the Brexit developments seem to weigh on the GBP/JPY pair’s run-up to highest levels since early-June.
Singapore Gross Domestic Product (YoY) came in at 0.1%, below expectations (0.2%) in 3Q
Singapore Gross Domestic Product (QoQ) registered at 0.6%, below expectations (1.5%) in 3Q
West Texas Intermediate crude prices are firm in the open having penetrated the 21-day moving average following a solid performance at the endo f last
Following its downside break of near-term key support line, USD/CAD declines to 1.3197during early Asian session on Monday.
Overcoming the 6-month downtrend at 118.77 and rising from 116.58/115.87 recent lows, EUR/JPY rallied to the September highs which meet the July lows,
With the US and China near to end the two-year-old trade tussle, Gold bears give little importance to doubts over soft Brexit and tension surrounding Syria.
Despite taking a U-turn from resistance-turned-support, the AUD/JPY pair is yet to clear near-term key resistance-confluence.
USD/JPY starts out the week flat to Friday's close after markets rallied at the end of the week. The prospects of a full-on trade deal between the US
With the trade positive sentiment confronting the RBA’s dovish outlook, AUD/USD search for fresh catalysts to extend its recent rally.
GBP/USD is a touch softer in the open on Monday, starting off the week in the consolidation of Friday's upside extension to the highest levels since m
The partial trade deal between the US and China and weaker US Dollar (USD), mainly due to the broad risk-on sentiment, please the NZD/USD buyers.