Cable’s upside momentum could extend to the 1.2975 level in the near term, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “We highlig
The GBP/USD pair gained some follow-through traction through the early European session on Monday and climbed to over two-week tops, around the 1.2960
The upbeat sentiment around the single currency stays well and sound at the beginning of the week and is pushing EUR/USD to fresh 2-week highs in the
Gold edged lower through the early European session on Monday and is currently placed at multi-day lows, around the $1460 region. The precious metal e
Hong Kong SAR Unemployment rate above expectations (2.9%) in October: Actual (3.1%)
Analysts at Australia and New Zealand Banking Group (ANZ) expect India’s Q2 FY20 (July-September quarter) GDP growth to have slowed further to 4.6% y/
The safe-haven Japanese yen remained on the defensive at the start of a new trading week and lifted the USD/JPY pair back closer to the very important
Karen Jones, Team Head FICC Technical Analysis at Commerzbank, noted that occasional bullish attempts in the cross are expected to face initial resist
FX Strategists at UOB Group sees EUR/USD moving into a consolidative phase in the short-term horizon. Key Quotes 24-hour view: “Last Friday, we held t
Advanced data for JPY futures markets noted open interest shrunk by just 606 contracts on Friday following three consecutive daily builds. In the same
In light of the recent price action, Cable could now attempt another visit to the key 1.30 handle, suggested Karen Jones, Team Head FICC Technical Ana
Lee Sue Ann, Economist at UOB Group, gave her views on the latest releases in the UK docket and the BoE event. Key Quotes “The latest slew of economic
There is some evidence that the USD will behave differently in election years depending on whether a Republican or Democratic presidential candidate i
CME Group’s flash data for GBP futures markets noted investors added nearly 3.3K contracts to their open interest positions on Friday while volume als
The AUD/USD pair filled a modest weekly bearish gap and is currently placed near Friday's swing high, around the 0.6815-20 region. The pair failed to
Senior Economist Julia Goh and Economist Loke Siew Ting at UOB Group assessed the latest release of Q3 GDP figures. Key Quotes “Real GDP rose at a slo
China FDI - Foreign Direct Investment (YTD) (YoY): 6.6% (October) vs 6.5%
The latest Reuters poll of 24 analysts showed on Monday, most of them see Bank Indonesia (BI), the Indonesian central bank, standing pat on its intere
Patrik Schowitz, a global multi-asset strategist at JP Morgan Asset Management, upgraded the outlook on global equities, in his latest client note pub
Open interest and volume in EUR futures markets rose by around 5.7K contracts and by 7.1K contracts, respectively on Friday, according to preliminary
In opinion of Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, EUR/USD could attempt to regain the 1.1080/95 area in the very n
EUR/USD has been recovering amid US Dollar weakness resulting from optimism on trade talks. The world's most popular currency pair enjoys significant
Economist at UOB Group E.Tanuwidjaja reviewed the latest trade data from Indonesia. Key Quotes “Indonesia’s trade balance unexpectedly swung back to s
Here is what you need to know on Monday, November 18: - Trade: High-level US and Chinese officials have held talks over the weekend and described them
FX option expiries for Nov 18 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.1055 1.3bn 1.1145 761m - GBP/USD: G
The greenback, in terms of the US Dollar Index (DXY), is extending the downside and breaks below the key support at 98.00 the figure. US Dollar Index
Analysts at Australia and New Zealand Banking Group (ANZ) offer their quick reaction Thailand’s Q3 GDP report released earlier this Monday. Key Quotes
Following its bounce off 100-day SMA, USD/CHF rises past-38.2% Fibonacci retracement of August-October upside while taking the bids to 0.9900.
Amid lack of certainty on the US-China trade deal prospects and China’s first Repo rate cut since 2015, the market mood remained cautiously optimistic
Global credit rating agency Moody recently crossed wires while conveying its economic forecasts for the Australian economy.
USD/INR bounces off 50-bar EMA while taking the bids to 71.72 during a pre-European session on Monday.
EUR/USD is seen building on its last week’ s recovery above the 1.1050 level, having hit weekly highs at 1.1065 on mild US dollar weakness across the
Rising expectations of a Tory leadership after the December election propels the GBP/USD pair to confront a month old falling trend line resistance.
In the view of the analysts at ING Bank, the Bank of Thailand will use firmer growth as an argument for leaving policy on hold in the rest of 2019 and
Despite the US and Chinese media flashing trade positive statements off-late, Asian stocks stay subdued.
USD/JPY remains positive above 200-bar SMA while taking the bids to 108.83 amid initial trading hours on Monday.
Early on Monday, China’s Global Times tweeted updates of a meeting between China’s Defence Minister Wei Fenghe and the US Defence Secretary.
The EUR/USD pair’s successful recovery from 61.8% Fibonacci retracement flashes a seven-day high of 1.1065 by the press time of early Monday.
In its latest quarterly policy report published on Saturday, the People’s Bank of China (PBOC) highlighted the following key points. China has no cond
The Australia and New Zealand Banking Group (ANZ) recently came out with its analysis on the AUD/NZD pair.
Following the comments from a senior Trump Administration official, the Chinese Defence Ministry Spokesman Wu is on the wires now, via Reuters, expres
A senior Trump Administration official came out on the wires last minutes, via Reuters, noting that the US are monitoring events in Hong Kong, and con
Reuters quoted two sources familiar with the deliberations on Saturday, the US administration is set to issue a two-week extension of a license allowi
The Chinese news outlet, the Global Times, is out with the latest headlines, citing that “China and the US may be deadlocked in a trade war, but dialo
According to the analysts at Westpac, the October month MI Leading Index is likely to come in weaker once again following September’s -0.92%. Key Quot
Given the USD/IDR pair’s recent pullback from short-term key support confluence, buyers cheer 14,076 as a quote amid early Monday trading in Asia.
The European Central Bank (ECB) Governing Council member Muller (a hawk) was on the wires over the weekend, via Blooming, making some unexpectedly dov
On Monday, China’s central bank, the People's Bank of China (PBOC), set the Yuan reference rate at 7.0037 versus Friday’s fix at 7.0091.
Based on the positioning data is for the week ending November 12, the Australia and New Zealand Banking Group (ANZ) says that the leveraged funds sold USD.
Analysts at Westpac offer their review on the US economic data released last Friday. Key Quotes: “US Oct retail sales were relatively solid and close
With its sustained trading below nearly three-week-old rising trend line, USD/CAD stays on the back foot while taking rounds to 1.3220 during early Monday.
The latest survey conducted by the UK’s property website Rightmove showed that the number of British properties put up on offer has fallen dramaticall
Increasing optimism surrounding the Conservatives’ victory in the UK’s December election, coupled with US-China news, fail to lure GBP/JPY buyers.
San Francisco Fed President Mary Daly crossed the wires on Saturday, via Reuters, and said that low inflation gives the FOMC space to keep interest ra
The USD/JPY pair is seen treading water around 108.75 region, as a sense of caution prevails in Monday’s Asian trading amid escalating Hong Kong viole
United Kingdom Rightmove House Price Index (YoY) up to 0.3% in November from previous -0.2%
United Kingdom Rightmove House Price Index (MoM) dipped from previous 0.6% to -1.3% in November
Despite marking the best day in a month on Friday, AUD/JPY sellers sneak in around 100-day EMA as the pair declines to 74.07.
WTI (oil futures on NYMEX) opened the week on a positive note, having refreshed two-month highs at 57.98, as the US-China trade deal optimism continue
With the geopolitical tension concerning Hong Kong and Iran crossing wires, optimism surrounding the US-China trade deal seems to fail in luring Gold buyers.
With the GBP/USD buyers’ failure to cross nearly a one-month-old falling trend line, a short-term rising support line gains market attention.
Speaking at the Confederation of British Industry’s (CBI) annual conference scheduled later on Monday, the UK PM Johnson is expected to show his commi
Despite a start to a fresh week, the reports of the ongoing Hong Kong civil unrest fail to die down, with the violence escalated, in fact on Monday, a
With the escalating tension in Hong Kong and an absence of major data/events at home, AUD/USD shrugs off the latest trade positive headlines from US and China.
Reuters reports Sunday’s comments delivered by the UK Foreign Minister Raab while speaking in a BBC TV interview. When asked by if the UK could leave
NZD/USD buyers seem to catch a breath as the pair shows a little positive response to the latest slew of US-China trade headlines.