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Western Texas Intermediate (WTI) prices seesaw in a thin trading session after a US stockpile inventory spurred an uptick in oil prices when the US EI
USD/CAD breaks above the 20 and 50-day EMAs, refreshing weekly highs around 1.2936 in the North American session, triggered by modestly positive US Re
According to analysts from Danske Bank, dollar weakness is likely to be transitory. They forecast EUR/USD at 0.99 in one month, 0.98 in three months a
Russia Producer Price Index (MoM) increased to -2.2% in July from previous -4.1%
Russia Producer Price Index (YoY) dipped from previous 11.3% to 6.1% in July
Retail sales were flat in July (against expectations of a 0.1% increase), but after adjusting for sharply lower prices of some goods, particularly gas
The Swiss National Bank will likely raise the key rate by 05 basis points again in September and December according to analysts at Danske Bank.
Analysts at Danske Bank expected the pressure on the Japanese yen will wear off but not in the short term. They forecast the USD/JPY pair at 134 (1M),
The EUR/USD continues to move sideways on Wednesday around 1.0160/70 ahead of the release of the FOMC minutes. The pair made a run to 1.0198, hitting
AUD/USD tumbles below the 20/50-day EMA on Wednesday, on a risk-off impulse spurred by recession fears lingering on investors’ minds, while US Retail
United States EIA Crude Oil Stocks Change below forecasts (-0.275M) in August 12: Actual (-7.056M)
Australia is set to report its July employment figures on Thursday, August 19 at 01:30 GMT and as we get closer to the release time, here are forecast
United States Business Inventories in line with forecasts (1.4%) in June
Gold attracts fresh selling near the $1,782 region on Wednesday and turns lower for the third straight day. The intraday selling bias remains unabated
EUR/USD returns to the lower end of the weekly range near 1.0150 and fades at the same time Tuesday’s shy advance. While below the 1.0370/80 band, a r
The GBP/USD pair extends its intraday retracement slide from the vicinity of mid-1.2100s and continues losing ground through the early North American
Is this the start of the pain trade in gold? As gold prices trade towards their pandemic-era entry levels, some traders’ complacent length is increasi
The USD/JPY pair prolongs its one-week-old ascending trend and gains traction for the second straight day on Wednesday. The pair maintains its strong
Retail Sales in the US stayed virtually unchanged at $682.8 billion in July, the data published by the US Census Bureau showed on Wednesday. This read
United States Retail Sales (MoM) registered at 0%, below expectations (0.1%) in July
United States Retail Sales ex Autos (MoM) above expectations (-0.1%) in July: Actual (0.4%)
DXY quickly fades Tuesday inconclusive price action and resumes the upside to the upper end of the recent range near 106.80. The continuation of the u
United States Retail Sales Control Group registered at 0.8% above expectations (0.6%) in July
EUR/JPY adds to Tuesday’s gains and reclaims the area beyond the 137.00 yardstick on Wednesday. In case the recovery becomes more serious, then the cr
Trend signals in gold have deteriorated further. As strategists at TD Securities note, the downtrend in gold is still gaining steam. Gold distrusts Fe
South Africa Retail Sales (YoY) came in at -2.5%, below expectations (0.4%) in June
Economists at Commerzbank have significantly lowered their EUR/USD forecast. The reason is that the euro is likely to continue to suffer from the risk
United States MBA Mortgage Applications fell from previous 0.2% to -2.3% in August 12
Wednesday's US economic docket highlights the release of monthly Retail Sales figures for July, due later during the early North American session at 1
In the view of economists at Scotiabank, the USD/CNH pair is set to trade within a 6.70-6.80 range in the weeks ahead. China’s economy to revive furth
The S&P 500 Index now face a key test of technical resistance at the 200-day moving average (DMA), potential downtrend and 61.8% retracement at 4327/7
Norges Bank meets on Thursday, August 18 at 08:00 GMT and as we get closer to the release time, here are the expectations forecast by the economists a
Silver struggles to capitalize on the previous day's late rebound and meets with a fresh supply near the $20.25-$20.30 region on Wednesday. The white
Gold remains in a range. However, a major “double top” continues to threaten, as strategists at Credit Suisse note. Sustained break above 55 DMA to co
Following a knee-jerk to the vicinity o 0.8380, EUR/GBP regains some composure and now manages to retake the 0.8400 barrier and beyond on Wednesday. E
In the view of Kit Juckes, Chief Global FX Strategist at Société Générale, EUR/USD is unlikely to break below 0.95. Nonetheless, the pair is set to tr
Haitham Al Ghais, the new Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), said on Wednesday that he doesn't see a m
USD/CAD is heading back towards the critical 50-Daily Moving Average (DMA) at 1.2901, having found buyers once again near the 1.2830 region. In doing
EUR/USD has failed to reclaim 1.0200 following the latest recovery attempt. The pair could test 1.0100 with key resistances staying intact, FXStreet’s
The Mexican peso is currently holding a small gain versus the US dollar in year-to-date terms. Sharp rises in domestic interest rates have supported t
The GBP/USD pair retreats a few pips from the early European session high and is currently placed near the lower end of its daily trading range, just
Economist at UOB Group Lee Sue Ann notes the BoJ could hike rates by 25 bps at its next meetings in August, October and November. Key Quotes “On the a
The NZD/USD pair witnesses an intraday turnaround from the 0.6385 area, or the daily high touched after the Reserve Bank of New Zealand (RBNZ) policy
The Eurozone economy expanded by 0.6% QoQ in the second quarter of this year, missing 0.7% expected and down from the 0.7% first reading, the second e
European Monetary Union Employment Change (QoQ) below expectations (0.4%) in 2Q: Actual (0.3%)
European Monetary Union Employment Change (YoY) below forecasts (2.5%) in 2Q: Actual (2.4%)
European Monetary Union Gross Domestic Product s.a. (YoY) came in at 3.9% below forecasts (4%) in 2Q
European Monetary Union Gross Domestic Product s.a. (QoQ) below expectations (0.7%) in 2Q: Actual (0.6%)
Hong Kong SAR Unemployment rate below expectations (4.5%) in July: Actual (4.3%)
United Kingdom DCLG House Price Index (YoY) registered at 7.8%, below expectations (12.5%) in July
The Bank Indonesia (BI) would likely hike its policy rate by 25 bps at its event next week, notes UOB Group’s Economist Lee Sue Ann. Key Quotes “BI is
The selling bias returns to the single currency and drags EUR/USD back to the 1.0150 zone on Wednesday. EUR/USD now looks to the domestic, US calendar
Gold continues with its struggle to gain any meaningful traction and meets with a fresh supply near the $1,782 region on Wednesday. The XAU/USD drifts
Lee Sue Ann, Economist at UOB Group, suggests the BSP would continue hiking rates in the next periods. Key Quotes “The latest large off-cycle rate hik
Here is what you need to know on Wednesday, August 17: Following Tuesday's choppy action, the US Dollar Index regained its traction early Wednesday an
The AUD/USD pair struggles to capitalize on the overnight late rebound and meets with a fresh supply on Wednesday. The pair remains on the defensive t
Netherlands, The Gross Domestic Product n.s.a (YoY) down to 5.3% in 2Q from previous 6.7%
Netherlands, The Gross Domestic Product s.a (QoQ) increased to 2.6% in 2Q from previous 0.4%
Netherlands, The Consumer Spending Volume dipped from previous 7.3% to 5.2% in June
The US dollar withstood a second, successive negative GDP print in Q2, which is typically shorthand for a recession. Economists at Scotiabank think th
Following Tuesday’s inconclusive price action, the US Dollar Index (DXY) regains the smile and advances to the 106.70 region, or daily highs, on Wedne
USD/JPY extends its consolidation phase following strength to just shy of the psychological 140.00 barrier. In the opinion of economists at Credit Sui
The AUD/USD recovery has been rejected at the 200-day moving average (DMA) at 0.7146. In the view of analysts at Credit Suisse, a break below 0.6868 i
The Canadian dollar (CAD) remains the best-performing G10 currency – outside of the USD – so far this year. Economists at Scotiabank expect the USD/CA
USD/CHF renews its weekly high to 0.9515 as the US dollar buyers return to the table, after a brief absence the previous day. In doing so, the Swiss c
The dollar goes into today’s release of the 27 July FOMC minutes about 2% off the highs of the year. In the view of economists at ING, FOMC minutes as
The EUR/GBP cross prolongs its recent sharp pullback from the vicinity of the 0.8500 mark and continues losing ground for the fourth successive day on
The US Dollar Index (DXY) has rebounded sharply from key flagged support from the May high, 55-day moving average and retracement support at 105.05/10
Sterling strikes back at the euro, backed by a hawkish Bank of England (BoE). Economists at ING expect the EUR/GBP to move back lower towards 0.8350.
In the opinion of economists at Scotiabank, the Swiss franc (CHF) is poised to stay relatively firm, particularly as the Swiss National Bank (SNB) may
Economists at Commerzbank believe that the Swedish krona’s upside potential is exhausted. Therefore, the EUR/SEK pair is set to hold above the 10.30 m
The euro is consolidating near the lows. Economists at ING expect the EUR/USD pair to drop under support at 1.01, triggering a move to parity. German
Norges Bank is set to raise the policy rate by 50 basis points to 1.75% on Wednesday. Economists at Commerzbank expect the Norwegian krone to strength
In the UK, the cost-of-living crisis and sluggish growth may impede the Bank of England’s ability to confront soaring inflation and satisfy market exp
USD/CNY has helped to reinforce the broader USD rally and has moved higher following weak Chinese data and a surprise People’s Bank of China (PBoC) cu
GBP/JPY takes the bids to refresh the weekly top near 163.00 as bulls cheer strong UK inflation data during early Wednesday morning in Europe. In doin
EUR/USD is currently trading within a 1.00-1.04 range. If there is a trigger that catapults the pair out of the range, this breakout will most likely
FX option expiries for August 17 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.0075 297m 1.0100-10 1.13b 1.0115
Despite the JPY’s rebound against the USD since mid-July, analysts at Scotiabank see little reason for optimism on the near-term outlook. They forecas
As was universally expected, the Reserve Bank of New Zealand (RBNZ) increased the OCR by a further 50 basis points to 3%. Most of the uptick in NZD/US
UK Finance Minister Nadhim Zahawi is offering his take on the country’s inflation, which surged to a new four-decade high of 10.1% in July. Key quotes
The euro failed to benefit from the European Central Bank’s (ECB) surprise 50 bps hike in July. Negative growth surprises or energy supply disruption
GBP/USD picks up bids to refresh intraday high around 1.2145 after the UK released headline inflation numbers for July. In doing s, the Cable pair ext
CME Group’s flash data for natural gas futures markets showed open interest increased for the fourth consecutive session on Tuesday, this time by arou
United Kingdom PPI Core Output (MoM) n.s.a registered at 1% above expectations (0%) in July
United Kingdom PPI Core Output (YoY) n.s.a came in at 14.6%, below expectations (15.9%) in July
United Kingdom Producer Price Index - Output (YoY) n.s.a above forecasts (16.2%) in July: Actual (17.1%)
United Kingdom Producer Price Index - Output (MoM) n.s.a registered at 1.6% above expectations (0.8%) in July
United Kingdom Producer Price Index - Input (YoY) n.s.a came in at 22.6% below forecasts (23.9%) in July
United Kingdom Producer Price Index - Input (MoM) n.s.a registered at 0.1%, below expectations (1%) in July
UK CPI rises by 10.1% YoY in July vs. 9.8% expected. Monthly UK CPI arrives at 0.6% in July vs. 0.4% expected. GBP/USD jumps towards 1.2150 on hotter
United Kingdom Retail Price Index (YoY) came in at 12.3%, above forecasts (12%) in July
United Kingdom Retail Price Index (MoM) registered at 0.9% above expectations (0.6%) in July
United Kingdom Consumer Price Index (YoY) came in at 10.1%, above forecasts (9.8%) in July
United Kingdom Core Consumer Price Index (YoY) registered at 6.2% above expectations (5.9%) in July
United Kingdom Consumer Price Index (MoM) above forecasts (0.4%) in July: Actual (0.6%)
The Australian dollar (AUD) has given back around half of the rebound made in the wake of the March 2020 pandemic low. Analysts at Scotiabank expect t
EUR/USD remains mildly bid around the intraday high, keeping the previous day’s corrective pullback from a three-week low, as bulls and bears jostle a
Considering advanced prints from CME Group for crude oil futures markets, traders trimmed their open interest positions by around 6.7K contracts on Tu
Gold price is advancing for the first time so far this week. However, it remains to be seen whether the renewed upside in XAU/USD price will sustain,
India’s inflation appears to have peaked. Therefore, the Indian rupee could be ready to race higher, according to economists at Scotiabank. Relief fro
The US Census Bureau will release the July Retail Sales report on Wednesday, August 17 at 12:30 GMT and as we get closer to the release time, here are
FX Strategist at UOB Group’s Global Economics & Markets Research Quek Ser Leang comments on the prospects for USD/CNH. Key Quotes “About two months ag
Open interest in gold futures markets dropped for the second session in a row on Tuesday, this time by around 1.6K contracts according to preliminary
Gold price consolidates weekly losses around $1,778 amid broad US dollar weakness heading into Wednesday’s European session. In doing so, the XAU/USD
The cost of living in the UK as represented by the Consumer Price Index (CPI) for July month is due early on Wednesday at 06:00 GMT. Given the recentl
USD/CAD struggles to defend the corrective pullback from the key moving averages as the quote retreats to 1.2850 during early Wednesday morning in Eur
AUD/USD is resuming the downtrend seen so far this week, following Tuesday’s brief reprieve, as bears cheer the downbeat Australian Wage Price Index.
USD/INR bounces off the weekly low to approach the previous support during early Wednesday, at 79.30 by the press time. In doing so, the Indian rupee
NZD/USD takes offers to reverse the latest gains inspired by the Reserve Bank of New Zealand’s (RBNZ) rate hike as Governor Adrian Orr seems cautiousl
EUR/USD is trading modestly flat above 1.0150, as the US dollar bulls take a breather following a sharp pullback from three-week highs. Investors turn
Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr is speaking at the August post-monetary policy meeting press conference on Wednesday, affirming
Gold is flat on the day trading at around $1,776.50 and sticking to a tight range of between $1,773.91 to a high of $1,776.85. The yellow metal fell d
AUD/NZD stands on slippery ground after the Reserve Bank of New Zealand (RBNZ) announced 50 basis points (bps) rate hike during Wednesday’s Asian sess
NZD/USD takes the bids to refresh intraday high near 0.6365 as bulls cheer the Reserve Bank of New Zealand’s (RBNZ) 50 basis points (bps) of rate hike
As expected, the RBNZ lifted the Official Cash Rate by 50bp from 2.5% to 3.0% and the statement is signalling further tightening ahead. NZD/USD has r
New Zealand RBNZ Interest Rate Decision meets forecasts (3%)
The rush towards Australia’s Treasury bonds escalated after the nation published a downbeat Wage Price Index for the second quarter (Q2). The yields a
AUD/JPY dropped on the back of a miss in the Wage Price Index and is now down 0.5% on the day. The pair fell from 94.15 to a low of 93.76. The data ar
Citing China’s Premier Li Keqiang, the People’s Daily, the flagship newspaper of the Communist Party, reported that Li urged local officials from six
AUD/USD fails to justify the previous day’s bullish Doji as it renews intraday low near 0.6990 after Australia’s Wage Price Index for the second quart
The Australian Wage Price Index released by the Australian Bureau of Statistics is out as follows: +0.7% vs. expected +0.8% The data has weighed on th
Australia Wage Price Index (QoQ) came in at 0.7%, below expectations (0.8%) in 2Q
Australia Wage Price Index (YoY) came in at 2.6% below forecasts (2.7%) in 2Q
The Kiwi is little changed from yesterday after bouncing as the USD DXY came off highs. The focus is now on today’s Reserve Bank of New Zealand MPS an
In recent trade today, the People’s Bank of China (PBOC) set the yuan (CNY) at 6.7863 vs.the estimated at 6.7876 and the previous 6.7730. About the fi
WTI crude oil prices fade the corrective pullback from a nearly seven-month low, marked the previous day, as the bears keep reins for the third consec
Early Wednesday at 02:00 GMT market sees the key monetary policy decision by the Reserve Bank of New Zealand (RBNZ) amid hopes of another hawkish play
The Canadian dollar USD/CAD was flat at 1.2846 to the greenback, but the loonie managed to regain some of the previous day's sharp decline as investor
US Dollar Index (DXY) treads water around 106.50 amid cautious sentiment ahead of crucial data/events. That said, the greenback’s gauge versus the six
Australia Westpac Leading Index (MoM) climbed from previous -0.2% to -0.15% in July
USD/JPY holds onto the latest bullish bias while picking up bids to refresh the intraday high near 134.40 as Tokyo opens on Wednesday. The yen pair’s
Silver price (XAG/USD) stays defensive around $20.10-15 as bears take a breather after a two-day downtrend near the weekly low. In doing so, the brigh
Japan Merchandise Trade Balance Total below forecasts (¥-1405B) in July: Actual (¥-1436.8B)
Japan Imports (YoY) above expectations (45.7%) in July: Actual (47.2%)
Japan Adjusted Merchandise Trade Balance came in at ¥-2133.3B below forecasts (¥-2003.8B) in July
EUR/USD treads water around 1.0175, keeping the previous day’s rebound in a choppy trading range during Wednesday’s Asian session, as traders await th
Japan Machinery Orders (MoM) below expectations (1.3%) in June: Actual (0.9%)
Japan Machinery Orders (YoY) came in at 6.5% below forecasts (7.5%) in June
Japan Exports (YoY) above expectations (18.2%) in July: Actual (19%)
AUD/NZD is flat on the day so far ahead of the release of the Monetary Policy Statement from the Reserve Bank of New Zealand today that is expected to
GBP/USD picks up bids to extend the previous day’s recovery to 1.2100 during Wednesday’s Asian session. In doing so, the Cable pair approaches a one-w
The EUR/JPY reached a new weekly low at 134.94 on Tuesday but staged a comeback and hit a daily high at 136.92 before closing at 136.50, off the day’s
NZD/USD struggles to defend the latest bounce off the 100-DMA as it seesaws near 0.6350 heading into the key interest rate announcement by the Reserve
AUD/USD portrays the market’s anxiety as it seesaws around 0.7020 ahead of the key Australia wage price data and the Federal Open Market Committee (FO
New Zealand Producer Price Index - Output (QoQ) registered at 2.4% above expectations (2.1%) in 2Q
New Zealand Producer Price Index - Input (QoQ) above expectations (2.2%) in 2Q: Actual (3.1%)
Gold price (XAU/USD) prints a three-day downtrend as it grinds lower around $1,775 during the initial hours of Wednesday’s Asian session. In doing so,
The GBP/JPY pares Monday’s losses and some more, forming a bullish-engulfing candle pattern, meaning buyers overcome sellers, reciaiming the 162.00 fi
US crude oil benchmark, known as WTI, drops to six-month lows on recession fears, alongside mounting speculation of an Iran deal, which would free mor
EUR/USD is trading at 1.0166 after a day where the US dollar was little changed against a basket of currencies with key data events ahead including th