Crude oil prices have accelerated the weekly downside to fresh lows in the $57.30 region, levels last seen in early December. WTI focused on oversuppl
Wall Street's main indexes started the day higher to reverse Tuesday's losses supported by upbeat earnings figures. As of writing, the Dow Jones Indus
USD/CHF is attempting to rebound from multi-month lows while trading well below its main daily simple moving averages.
The GBP/USD pair continued scaling higher through the early North-American session and climbed to fresh two-week tops, around mid-1.3100s in the last
"CPI inflation was unchanged at 2.2% y/y in December, in-line with TD's forecast and slightly below the market consensus," noted TD Securities analyst
The USD/JPY pair is having a difficult time finding direction on Wednesday as investors are waiting for the next significant catalyst. As of writing,
The Canadian dollar is trading on a volatile note vs. its American counterpart on Wednesday, with USD/CAD now hovering around the 1.3050 region in the
United States Housing Price Index (MoM) meets forecasts (0.2%) in November
United States Redbook Index (YoY) up to 5.3% in January 17 from previous 5%
United States Redbook Index (MoM) climbed from previous -0.2% to 0% in January 17
EUR/USD is trading in a weak bear trend below its 50 and 200-day simple moving averages (SMAs).
The AUD/USD pair built on its steady intraday recovery from over one-month lows and climbed to fresh session tops, around the 0.6855 region in the las
The economic growth in the US slowed down in December with the Federal Reserve Bank of Chicago's National Activity Index (CFNAI) dropping to -0.35 fro
Inflation in Canada, as measured by the Consumer Price Index (CPI), in December stayed unchanged at 2.2% on a yearly basis as expected, the data publi
Canada New Housing Price Index (YoY) rose from previous -0.1% to 0.1% in December
United States Chicago Fed National Activity Index below expectations (-0.3) in December: Actual (-0.35)
United States Chicago Fed National Activity Index came in at 0.56, above expectations (-0.3) in December
Canada Wholesale Sales (MoM) below forecasts (0%) in November: Actual (-1.2%)
Canada BoC Consumer Price Index Core (YoY) below forecasts (1.9%) in December: Actual (1.7%)
Canada Consumer Price Index (YoY) in line with forecasts (2.2%) in December
Canada Consumer Price Index - Core (MoM) remains unchanged at 0.1% in December
Canada BoC Consumer Price Index Core (MoM) came in at -0.4%, below expectations (-0.2%) in December
Canada Consumer Price Index (MoM) came in at 0%, below expectations (0.1%) in December
Canada New Housing Price Index (MoM) came in at 0.2%, above forecasts (0%) in December
The Turkish Central Bank (CBRT) is considering single-digit inflation forecasts and the "outlook is for positive real interest rates," CBRT Governor C
Gold lacked any firm directional bias and seesawed between tepid gains/minor losses through the mid-European session on Wednesday. Meanwhile, the earl
"The agreement between the US and China won’t deliver enough stimulus for world trade to show a decent recovery in 2020," argues ING's Raoul Leering.
After closing the previous two weeks with losses and erasing more than 7% since the start of the year, the barrel of West Texas Intermediate (WTI) sta
Ned Rumpeltin, European Head of FX Strategy at TD Securities (TDS), offered his take on a modest rebound in the global risk sentiment on Wednesday, al
Analysts at ING expect Norway's central bank to keep its powder dry this week but still think it is too early to rule out some further tightening in 2
The better mood in the sterling is now forcing EUR/GBP to shed further ground and extend further the recent breakdown of the 0.8500 mark. EUR/GBP offe
Wednesday's Canadian economic docket highlights the key release of domestic consumer inflation figures for December, scheduled to be published at 13:3
US President Trump noted that they have not yet set a timeline on potential tariffs on European car manufacturers. "I have a date in my mind it is a f
The USD/INR cross failed to capitalize on its early uptick and witnessed a modest intraday pullback from near two-week tops. The pair continued with i
United States MBA Mortgage Applications declined to -1.2% in January 17 from previous 30.2%
The British pound gathered strength against its major rivals on Wednesday after the data published by the Confederation of British Industry (CBI) reve
EUR/USD is struggling for direction on Wednesday, managing to regain some poise after bottoming out in new yearly lows at 1.1075. If sellers remain in
The index has so met a tough barrier in the 97.70 region, where sits the key 200-day SMA and so far yearly highs. A breakout of this area on a convinc
In its latest Industrial Trends Survey, the Confederation of British Industry reported that the headline Manufacturing Order Book Balance improved to
The downside momentum in EUR/JPY has apparently run out of steam in the 121.80 region, coincident with the 21-day SMA. In case buyers regains control,
United Kingdom CBI Industrial Trends Survey - Orders (MoM) came in at -22, above expectations (-23) in January
The NZD/USD pair struggles to stage a technical recovery and trades below the 0.6600 handle on Wednesday. As of writing, the pair was down 0.05% on th
Following the previous session's brief pause, the USD/JPY pair regained some positive traction on Wednesday and remained well within the striking dist
If the United States can't make a deal with the European Union, a 25% tariff will have to be imposed on the European car imports, US President Donald
During an interview on the sidelines of the World Economic Forum in Davos, US President Donald Trump said more tax cuts, a healthcare plan and more tr
The GBP/USD pair traded with a mild positive bias for the third consecutive session on Wednesday. Bulls still await a sustained move beyond the top en
The UK Finance Minister Sajid Javid is on the wires now, via Reuters, speaking alongside the US Treasury Secretary Mnuchin and International Monetary
US focused on Phase One deal implementation over the next 30 days. There are no deadlines for Phase Two deal. Says Trump tariffs have been a big ince
Gold reversed an early dip to the $1550 region and is currently placed near the top end of its daily trading range, albeit remained well below two-wee
According to Bloomberg, the US Trade Representative (USTR) posted notice of tariff reduction in the Federal (Fed) register. Further Details: US tariff
While speaking in an interview on Wednesday, US President Trump said that the Federal Reserve (Fed) raising rates was a big mistake.
United Kingdom Public Sector Net Borrowing below expectations (£4.6B) in December: Actual (£4.04B)
Japan’s Cabinet Office is out with its latest monthly economic assessment report for January, which showed a slightly softer assessment than in Decemb
Australia and New Zealand Banking Group (ANZ) analysts express their take on the Malaysian Central Bank’s surprise rate cut announcement earlier on We
Traders scaled back their open interest positions for the second session in a row on Wednesday, this time by around 1.9K contracts, according to the p
The USD/CAD pair edged higher on Wednesday and climbed to near two-week tops, albeit struggled to capitalize on the momentum and failed ahead of the 1
Italy Industrial Orders n.s.a (YoY) below forecasts (-2.4%) in November: Actual (-4.3%)
Italy Industrial Orders s.a (MoM) below forecasts (0%) in November: Actual (-0.3%)
Italy Industrial Sales n.s.a. (YoY) came in at 0.1%, above forecasts (-0.4%) in November
Italy Industrial Sales s.a. (MoM) above forecasts (-0.8%) in November: Actual (0%)
In light of preliminary readings for Crude Oil futures markets from CME Group, open interest shrunk for the second straight session, now by 1.7K contr
The outlook on USD/JPY remains constructive in the near term and still eyes a move to the 110.70 region, suggested FX Strategists at UOB Group. Key Qu
The offered bias remains well and sound around the single currency so far on Wednesday, with EUR/USD inching lower o the 1.1080/75 band following the
Christian Lawrence, Senior Market Strategist at Rabobank, offered a preview of Wednesday's key event risk – the latest monetary policy update by the B
The USD/JPY pair managed to catch some fresh bids on Wednesday, albeit seemed struggling to extend the momentum further beyond the key 110.00 psycholo
The Bank of England (BOE) Governor Carney is on the wires now, via Reuters, making a scheduled speech on climate change at the World Economic Forum (W
South Africa Consumer Price Index (MoM) meets forecasts (0.3%) in December
South Africa Consumer Price Index (YoY) meets forecasts (4%) in December
Having reached a one-week high on Tuesday, USD/INR holds the higher ground while consolidating above the 71 level so far this Wednesday. The spot is s
France Business Climate below forecasts (101) in January: Actual (100)
The AUD/USD pair remained depressed and dropped to fresh six-week lows during the Asian session on Wednesday, albeit managed to recover few pips there
South Korea Gross Domestic Product Growth (QoQ) above expectations (0.8%) in 4Q: Actual (1.2%)
Moody’s Investors Service, in its latest report released on Wednesday, cites the impact of the US-China phase one trade deal on the US-China financial
In spite of the recent recovery, Cable could still slip back and test the 1.2865 level, suggested Karen Jones, Team Head FICC Technical Analysis Resea
If the selling impetus picks up extra pace, AUD/USD is expected to meet solid contention in the 0.6790 region, according to FX Strategists at UOB Grou
According to flash data from CME Group for Gold futures markets, traders added 886 contracts to their open interest positions on Tuesday, recording th
Latest headlines are crossing the wires, via Reuters, citing that US Senate has approved the Republican plan and set rules for the impeachment trial o
Morten Lund, Analyst at Nordea Markets, argues that “market expectations for a January cut have rapidly increased, but it is not yet a done deal.” Key
In light of the recent price action, the pair is likely to hold over the 1.1070 region, in opinion of Karen Jones, Team Head FICC Technical Analysis a
Cable could still grind lower to the mid-1.2900s despite the selling pressure seems to have lost some momentum, suggested FX Strategists at UOB Group.
FX option expiries for Jan 22 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - GBP/USD: GBP amounts 1.3000 202m 1.3050 271m - USD/JPY: US
Open interest in JPY futures markets rose by 7.6K contracts on Tuesday according to advanced figures from CME Group. In the same line, volume reversed
EUR/USD is trading below 1.11, struggling to recover despite a relatively calm upbeat market mood and ahead of the European Central Bank's decision. T
Karen Jones, Team Head FICC Technical Analysis at Commerzbank, suggested the pair could advance to the 0.9762 level if manages to clear 0.9692. Key Qu
Speaking in parliament on Wednesday, Japanese PM Shinzo Abe said the Japanese economy is gradually recovering, backed by the domestic demand. Key Quot
FX Strategists at UOB Group noted that further decline in EUR/USD is likely to meet solid contention in the 1.1030 region. Key Quotes 24-hour view: “W
Here is what you need to know on Wednesday, January 22: The coronavirus continues spreading and remains in the spotlight. The report of the first case
CME Group’s preliminary prints for GBP futures markets noted open interest shrunk by nearly 3.1K contracts on Tuesday. Volume, instead, increased for
Senior Economist at UOB Group Alvin Liew assessed the recent BoJ event. Key Quotes “The Bank of Japan (BOJ) kept its monetary policy stance, policy ra
EUR/GBP drops to the intra-day low of 0.8486 by the press time of the pre-European session on Wednesday.
In light of flash data for EUR futures markets from CME Group, investors added around 5.4K contracts to their open interest positions on Tuesday, reco
China’s transparency and the announcement of measures to counter the coronavirus outbreak calmed unnerved markets and revived risk appetite in Wednesd
UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting give their opinions on the potential positive scenario for Malaysia this year. Key
The greenback is prolonging the sidelined trading in the middle of the week, taking the US Dollar Index (DXY) to the 97.60 region. DXY still capped by
With the recent outbreak of China’s coronavirus, traders are searching for clues as to how the markets reacted the last time such an event happened.
Netherlands, The Consumer Spending Volume down to 1.3% in November from previous 1.7%
Netherlands, The Consumer Confidence Adj: -3 (January) vs previous -2
USD/CAD takes the bids near 1.3085, the highest in two weeks, during the pre-European session on Wednesday.
GBP/USD stays mildly bid to 1.3040 while heading into the London open on Wednesday.
Speaking at an event on Wednesday, India’s Commerce and Industry Minister Piyush Goyal said that India is working on ways to have fairer and more equi
The US investment banking giant, Goldman Sachs, assesses the impact of a potential SARS-like epidemic on oil markets. Key Quotes: “The virus that orig
USD/INR declines to 71.20 ahead of the European session on Wednesday. That said, the pair pulls back from a two-week high of 71.44, flashed early-day,
The TD Securities Commodity Strategists provide a strategy on trading WTI short spread amid expectations of oversupply starting out 2020. Key Quotes:
EUR/USD is operating on slippery grounds, following Tuesday's rejection above 1.11. The currency pair had risen to a high of 1.1118 during the Europea
USD/CHF takes the bids to 0.9700, following the intra-day high of 0.9702, while heading into the European session on Wednesday.
Australia and New Zealand Banking Group (ANZ) analysts provide their outlook on Hong Kong’s economy for this year. Key Quotes: “Hong Kong will continu
Gold has pulled back sharply from six-year highs above $1,600 registered on Jan. 8. However, despite the correction, ANZ analysts have maintained thei
Gold bounces off the intra-day low of $1,550.40, flashed a few minutes back, to $1,551.30 by the press time of the pre-European session on Wednesday.
Thailand and Macau have confirmed coronavirus cases, according to the Xinhua news agency. The virus could mutate and spread further, Chinese health of
USD/JPY has risen above 110.00, tracking the 0.30% rise in the S&P 500 futures. The bulls are not out of the woods yet and a break above 110.12 is nee
According to Ning Jizhe, Vice Chairman of the National Development and Reform Commission (NDRC), China’s state planner, the US and China haven’t set a
Asian stocks are trading mixed with investors assessing the economic impact of coronavirus. At press time, Japan's Nikkei index is reporting a 0.54% g
Following the briefing on the coronavirus, China's National Health Commission official Jiao said that infection of medical staff in the virus outbreak
The Chinese highly-influential news outlet, Global Times, is out with the key takeaways of the coronavirus news conference held by China's National He
The global market is less dependent on OPEC’s oil production than it was a decade ago, courtesy of increasing US shale production since 2015, accordin
USD/CNH remains strong around 6.9130, highest since January 10, during the initial trading session on Wednesday. The pair recently benefited from the
Bank Indonesia (BI), the Indonesian central bank, Governor Perry Warjiyo in the last minutes, via Reuters, making some comments on the monetary policy
USD/JPY is hovering below 110.00 with yen showing resilience, despite the bullish development on technical charts. Bull cross The 100-day moving avera
China's National Health Commission Vice Minister Li is on the wires now, via Reuters, speaking at the press briefing about the coronavirus outbreak. K
It was not a good day for the Aussie bulls overnight and commitments were lost at the H&S neckline. Subsequently, the price closed on a daily closing
Analysts at Australia and New Zealand Banking Group (ANZ) offer their afterthoughts on the South Korean GDP data release that outpaced expectations. K
NZD/USD stretches losses to monthly of 0.6581 by the press time of early Wednesday. The pair remains on the back foot below 200-bar SMA and 61.8% Fibonacci.
A majority of fund managers expect the Treasury curve, as represented by the 10-year yield, to steepen, although the number of respondents saying this
Westpac strategists expect the Australian dollar to continue falling against Chin's Yuan and drop to mid-4.60 in the near term. Key points Our base ca
Coronavirus - China National Health Commission will hold a press briefing at 0200GMT. The risk-off environment surrounding this is fragile. At the sta
Following the upbeat GDT Price Index data from New Zealand, coupled with global clues, Westpac pushed up its prediction of the farmgate milk price for
The People's Bank of China (PBOC) has set the Yuan reference rate at 6.8853 versus Tuesday's fix at 6.8606.
AUD/USD extends its four-day-old declines while flashing fresh six-week low of 0.6835 during early Wednesday.
WTI bounces off to $58.35 during early Wednesday. In doing so, the black gold disturbs the previous two-day declines while taking clues from the secon
EUR/JPY is reporting marginal gains at press time but is struggling to post sustainable gains above the 4-hour chart 100-candle moving average at 121.
Analysts at TD Securities details the key data events from overnight, including UK's labour market figure Germany's ZEW survey and Canada's Manufactur
The Wuhancorona virus is likely to be mutated, and the Wuhanpneumonia epidemic is at risk of further spread, has been reported in China health commiss
EUR/USD risks falling to support of the trendline rising from Oct. 1 and Nov. 29 lows. The pair carved out an inverted bearish hammer on Tuesday, as i
Gold remains on the back foot while trading around $1,556.90 during the Asian session on Wednesday. The yellow metal portrayed a bearish candlestick.
Following the release of Australia’s Westpac Consumer Confidence data for January, -1.8% versus -0.8% expected, analysts at the institutional bank cit
GBP/USD registers mild losses while trading around 1.3045 during Wednesday’s Asian session.
The US Senate Republicans blocked the Democrats' move to subpoena state department documents for the US President Trump impeachment trial. More to com
Australia Westpac Consumer Confidence below expectations (-0.8%) in January: Actual (-1.8%)
Australia Westpac Consumer Confidence in line with forecasts (-0.8%) in January
GBP/JPY remains modestly changed while trading around 143.35 during Wednesday’s Asian session. The pair struggled between upbeat UK data and broad ris
Analysts at Westpac noted that the Australian dollar is about flat against the US dollar over the past 3 months, but also acknowledged that the Chines
Caixin shared comments from China’s Vice Premier Han Zheng that poured cold water on the US President Donald Trump’s projections of $100 billion sales
South Korea Gross Domestic Product Growth (QoQ) below forecasts (0.8%) in 4Q: Actual (0%)
South Korea Gross Domestic Product Growth (YoY) registered at 2.2% above expectations (1.9%) in 4Q
During late-Tuesday, The Telegraph came out with the news that the European Union (EU) is preparing to offer the UK a trade deal on tougher terms.
AUD/JPY recovers to 75.20 amid the initial Asian session on Wednesday. The pair declines below 200-day EMA during the previous day but took a U-turn off-late.
NZD/USD remains modestly changed around 0.6595 amid the early Wednesday morning in Asia. The kiwi pair dropped for three days in a row by the end of T