The USD/CAD pair closed the day virtually unchanged near the 1.31 handle on Wednesday as rising crude oil prices allowed the commodity-related Loonie
Francesco Pesole, FX strategist at ING, suggests that they’re not excluding 'delayed' political impact on the loonie if there is some uncertainty in t
United States MBA Mortgage Applications fell from previous 0.5% to -11.9% in October 18
The better tone in the Greenback in combination with renewed Brexit jitters is putting EUR/GBP under pressure in the 0.8630 region on Wednesday. EUR/G
According to BBC political editor Laura Kuenssberg, nothing was agreed at the meeting between British Prime Minister Boris Johnson and opposition Labo
James Smith, developed markets economist at ING, suggests that things are moving fast for the UK economy, but conventional wisdom suggests the best el
The USD/JPY pair witnessed some follow-through selling on Wednesday – marking its fifth day of a negative move in the previous six – and dropped to ov
According to analysts at TD Securities, in a quiet week for the data calendar, markets will be watching US durable goods alongside the ECB rate decisi
Germany 10-y Bond Auction climbed from previous -0.61% to -0.41%
According to the latest headlines flashing on the wires, Irish Prime Minister Leo Varadkar was said to support a Brexit extension to January 31, 2020,
EUR/USD Overview Today last price 1.1114 Today Daily Change 19 Today Daily Change % -0.09 Today daily open 1.1124 Trends Daily SMA20 1.1011 Daily SMA
The Northern Ireland's Democratic Unionist Party (DUP) Brexit spokesman Sammy Wilson was out on the wires in the last hour saying that they need funda
Dollar Index Spot Overview Today last price 97.56 Today Daily Change 12 Today Daily Change % 0.03 Today daily open 97.53 Trends Daily SMA20 98.57 Dai
Krishen Rangasamy, analyst at National Bank Financial, explains that business sentiment is improving in Canada as depicted from the Autumn edition of
The GBP/USD pair held on to its softer tone through the early European session on Wednesday and is currently placed at the lower end of its daily trad
Nathan Janzen, senior economist at the Royal Bank of Canada, notes that Canadian business sentiment somewhat unexpectedly improved in the Bank of Cana
EUR/JPY Overview Today last price 120.5 Today Daily Change 40 Today Daily Change % -0.12 Today daily open 120.64 Trends Daily SMA20 118.82 Daily SMA5
James Smith, developed markets economist at ING, suggests that with the October 31 deadline no longer likely to be met, the EU will now almost certain
Gold edged higher through the early European session on Wednesday and is currently placed near the top end of a broader trading range held over the pa
Russia's Energy Minister Alexander Novak crossed the wires in the last hour, via Reuters, saying that there has been no official proposal to change OP
Carla Slim, economist at Standard Chartered, expects the Central Bank of the Republic of Turkey (CBRT) to cut the repo rate by 100bps on 24 October, f
Aline Schuiling, senior economist at ABN AMRO, notes that Italy’s debt ratio is higher than thought before according to the latest data. Key Quotes “T
The shared currency has managed to rebound from earlier lows vs. the buck and is now taking EUR/USD back to the 1.1120 region. EUR/USD focused on Brex
South Africa Consumer Price Index (MoM) below forecasts (0.4%) in September: Actual (0.3%)
South Africa Consumer Price Index (YoY) below forecasts (4.2%) in September: Actual (4.1%)
The AUD/USD pair maintained its offered tone through the early European session on Wednesday and is currently placed at the lower end of its daily tra
Danske Bank analysts note that late yesterday, Reuters quoted OPEC sources for saying that they would consider larger supply cuts for 2020 than previo
According to a Bloomberg report, citing people familiar with the matter, the Bank of Japan (BoJ) is considering to lower its forecasts for inflation a
The Greenback held weaker against its Japanese counterpart, with the USD/JPY pair struggling below mid-108.00s, or over one-week lows set earlier this
Turkey Consumer Confidence up to 57 in October from previous 55.8
Deutsche Bank analysts note that for the US economy, impeachment proceedings still remain in focus. Key Quotes “In terms of impeachment proceedings at
Germany's foreign minister, Heiko Maas was out with some Brexit-related comments in the last hour, via Reuters, saying that pushing back the day by tw
According to Danske Bank analysts, focus today is still on Brexit after yesterday UK’s PM Boris Johnson paused the implementation of the Brexit deal i
Labour MP Richard Burgon was out with some comments in the last hour and said that party will back a general election if EU agrees to an extension of
France Business Climate registered at 99, below expectations (102) in October
USD/JPY is now facing risks of further consolidation around current levels, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “USD trade
ING analysts points out that the Norwegian central bank has hiked rates three times so far in 2019 with oil investment/activity has been a key factor
Analysts at TD Securities note that on Tuesday evening, the UK government's new Withdrawal Agreement Bill was put to Parliament to vote on for its fir
GBP/USD has dropped below 1.29 after the UK parliament rejected the government's expedited timetable for Brexit, forcing a delay. How is it positioned
Not only bearish signals from MACD and RSI but pair’s sustained trading below the short-term key trend line also portrays GBP/USD weakness.
Denmark Consumer Confidence: 1.7 (October) vs previous 4.3
China’s Caixin recently came out with the news report while quoting the dragon nation’s Minister of Commerce Zhong Shan.
ANZ analysts note that inflation in Malaysia undershot expectations at 1.1% y/y in September. Key Quotes “The data continue to underscore our view tha
Following flash data from CME Group for JPY futures markets, open interest shrunk by just 252 contracts on Tuesday and volume extended the downtrend,
Here is what you need to know on Wednesday, October 23: Prime Minister Boris Johnson's Brexit deal passed the first hurdle in parliament, but his expe
AUD/USD has now shifted the attention to the upper end of the range and targets the 0.6900 region in the near term, noted FX Strategists at UOB Group.
Although pair’s recovery from five-month lows eases short-term buyers’ worries, doubts for the EU fundamentals and Brexit keep the EUR/GBP pair in check.
Analysts at TD Securities note that New Zealand’s trade deficit for September narrowed from NZ$1.6b in August to NZ$1.2b this month, better than marke
In light of preliminary figures for GBP futures markets from CME Group, investors kept trimming their open interest positions on Tuesday, now by aroun
Analysts at ING believe the Riksbank is likely to push back the date of its next rate hike on Thursday, but at the same time don't think it will do aw
In view of FX Strategists at UOB Group, the inability of Cable needs to surpass the 1.30 level on a sustainable tone could reinforce the idea that a n
The USD/CHF pair’s recovery from 0.9840 seems to lack momentum as the quote witnesses a pullback to 0.9900 ahead of the European session opening on Wednesday.
Open interest in EUR futures markets rose for the second session in a row on Tuesday, this time by around 3.3K contracts, according to advanced figure
According to FX Strategists at UOB Group, EUR/USD could still attempt a move to the 1.1200 region in the near term. Key Quotes 24-hour view: “EUR trad
Singapore Consumer Price Index (YoY) meets expectations (0.5) in September
Standard Chartered analysts points out that their latest nationwide survey of SMEs in China showed initial signs of stabilisation in October. Key Quot
The Greenback is extending the recovery from recent 2-month lows and it has already regained the 97.60 region, or 3-day tops when gauged by the US Dol
Analysts at TD Securities note that the US existing home sales surprised to the downside in September, posting a larger 2.2% decline after an upward-r
Quoting the recent interview for its newsletter Trade Secrets, the Financial Times shares the news from the US Commerce Secretary Wilbur Ross.
With the light economic calendar and thin news flow, forex market extends previous risk aversion ahead of the European open on Wednesday.
Susan Kilsby, agriculture economist at ANZ, notes that New Zealand economy posted an unadjusted monthly trade deficit of $1.24bn for September, which
USD/INR registers sustained trading below 200-bar SMA and a seven-week-old trendline resistance.
EUR/USD is flashing red, having found acceptance below the 100-day moving average (MA) on Tuesday. The common faced selling pressure, possibly due to
GBP/USD is looking heavy, having breached key support on Tuesday, courtesy of Brexit delay. The currency pair fell below the 50-hour moving average, c
Not only increasing uncertainty at the UK’s Parliament but recently downbeat trade news from the US also weigh on Asian equity traders’ confidence.
USD/JPY is operating on slippery grounds, courtesy of Brexit-led risk aversion in the equity markets. The pair is currently trading at 108.30, represe
The International Monetary Fund (IMF) on Wednesday lowered its 2019 growth forecasts for the Asian economy to 5% from 5.4% projection made in April. T
GBP/USD is facing selling pressure in the Asian session with the daily chart reporting a bearish candlestick pattern. The currency pair is currently t
The USD/IDR pair’s U-turn from five-week low still fails to overcome near-term key resistances as the quote trades near 14,045 during early Wednesday.
Reserve Bank of New Zealand's (RBNZ) Assistant Governor Christian Hawkesby told MNI News that he is "very happy" with the way in which interest rate c
EUR/JPY is flashing red amid risk-off tone in the financial markets. As of writing, the pair is trading at 120.54, representing a 0.12% loss on the da
With the recently rising trade pessimism exerting downside pressure on the USD/CHF pair, the quote fails to hold on to recovery gains.
Gold prices are consolidated between a 23.6% Fibonacci retracement level and the 21-day moving average. At this juncture, should the bulls continue to
USD/JPY has been grinding slightly lower from 108.60 to 108.45 prior to the open in Tokyo but there has been a burst of energy from the bears with Yen
The People's Bank of China (PBOC) has set the Yuan reference rate at 7.0752 vs Tuesday's fix at 7.0668.
Despite taking a U-turn from 50% Fibonacci retracement, AUD/USD refrains from declining below 100-day SMA.
NZD/USD is currently trading largely unchanged on the day at 0.6408. The pair clocked a high and low of 0.6436 and 0.6399, respectively, on Tuesday an
With the growing uncertainty surrounding the global oil demand-supply matrix, coupled with receding geopolitical tension, WTI extends the latest declines.
Goldman Sachs has revised lower the forecast for US oil growth for 2020 by 300,000 barrels per day to 700,000 barrels per day, citing lower shale acti
Having recovered from a three-month low, USD/CAD clings to the yearly support line while taking rounds to 1.3090 during the Asian session on Wednesday.
The cross has been unable to sustain a bid beyond the 121 handle and a series of bearish wicks paints a bearish bias on the daily chart. EUR/JPY, howe
With the mixed sentiment concerning the trade/Brexit restoring the US Dollar (USD) weakness against the British Pound (GBP), the GBP/USD pair bounces off.
Having slipped back beneath 61.8% Fibonacci retracement of March-August downpour, GBP/JPY traders await a downside break of 200-day SMA.
US President Trump has been crossing the wires with an update on the Middle East sayin that: "Good news seems to be happening with respect to Turkey,
Comments from the RBA’s Kent fails to provide any clear direction to the AUD/JPY pair amid downbeat market sentiment as the pair seesaws around 74.35.
Speaking to the International Swaps and Derivatives Association, the Reserve Bank of Australia assistant Gov Kent says the end of LIBOR is not a risk
In recent trade, Canadian Prime Minister Trudeau spoke to Trump today and discussed progress being made toward ratifying the continental trade pact an
AUD/NZD remains on the backfoot and the latest data supports an upside bias in the Kiwi. Both the Aussie and Kiwi have garnered strength from trade-de
With New Zealand’s September month trade data flashing mixed signals on MoM and YoY basis, NZD/USD stays on the back foot while taking rounds to 0.6400.
As per the latest notifications from the Statistics New Zealand, September month trade data from New Zealand (NZ) have been mixed.
New Zealand Trade Balance (YoY) came in at $-5.21B, above forecasts ($-5.49B) in September
New Zealand Exports increased to $4.47B in September from previous $4.13B
New Zealand Imports increased to $5.71B in September from previous $5.69B
New Zealand Trade Balance (MoM) came in at $-1242M, below expectations ($-1112M) in September
Early Wednesday morning in Asia, the US Department of Commerce (DOC) came out with the communication of ordering investigations on Chinese exporters.
Following its pullback from the five-week high, AUD/USD holds on to weakness while trading around 0.6850 at the start of Wednesday’s Asian session.
Dow Jones Industrial Average, DJIA, lost 39.54 points, or 0.15%, to 26,788.10. S&P 500 index lost 10.73 points, or 0.36%, to 2,995.99. Nasdaq Composi