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EUR/USD has been advancing amid upbeat PMIs and despite a souring market mood while Friday's 4-hour chart is showing that the pair is nearing the 1.21
USD/JPY is trading around 103.60, modestly up for the day, as the dollar is grabbing some attention. The pair would turn bullish only on a move beyond
The USD/CAD pair refreshed daily tops in the last hour, with bulls now looking to build on the momentum further beyond the 1.2700 round-figure mark. H
The Australian dollar was amongst the strongest major currencies in the last quarter of 2020 and has begun 2021 in a similar fashion. Economists at CI
The single currency extends the bullish momentum and lifts EUR/USD to the proximity of the 1.2200 level on Friday, where it appears to have lost some
The upside momentum in USD/CNH could still reach the 6.5200 region in the next weeks. Key Quotes 24-hour view: “We expected USD to weaken further yest
The GBP/USD pair added to its intraday losses and refreshed daily lows, around mid-1.3600s in reaction to disappointing UK PMIs. The pair witnessed so
Brent crude oil prices are currently close to $56/bbl, having started the year at$52/bbl. Suvro Sarkar, Industry Analyst at DBS Bank, revises up the a
more to come ...
United Kingdom Markit Manufacturing PMI registered at 52.9, below expectations (54) in January
United Kingdom Markit Services PMI below expectations (45) in January: Actual (38.8)
United Kingdom Markit Manufacturing PMI below expectations (54) in January: Actual (53.9)
Economists predict the Eurozone economy to grow at a slow pace in 2021 before accelerating sharply in 2022, a European Central Bank (ECB) quarterly su
The EUR/GBP cross refreshed daily tops during the early European session, with bulls now looking to build on the momentum further beyond the 0.8900 ma
more to come ...
European Monetary Union Markit PMI Composite came in at 47.5, below expectations (47.6) in January
European Monetary Union Markit Services PMI came in at 45, above expectations (44.5) in January
European Monetary Union Markit Manufacturing PMI came in at 54.7, above forecasts (54.5) in January
The CAD is up slightly versus the USD so far this year, in contrast to most other majors, helped by a climb in crude prices alongside a less dovish Ba
The greenback finds it difficult to leave behind the recent weakness and now navigates without a clear direction in the vicinity of the 90.00 mark whe
In its latest economic assessment report, the Japanese government downgraded its view on private consumption for the second straight month. Additional
GBP/USD has been falling from the highs as three dark clouds hit sterling but President Biden's economic speech and the accelerated UK vaccination cam
more to come ...
Germany Markit Services PMI came in at 46.8, above expectations (45.3) in January
Germany Markit Manufacturing PMI registered at 57, below expectations (57.5) in January
Germany Markit PMI Composite above expectations (50.3) in January: Actual (50.8)
Gold (XAU/USD) is licking its wounds above $1860, although remains exposed to downside risks amid a broadly stronger US dollar and mixed technical vie
The USD/JPY pair edged higher through the early European session and was last seen trading near the top end of its daily range, around the 103.65-70 r
In the year to date, the pound has gained ground versus both the US dollar and the euro. Economists at Rabobank forecast the EUR/GBP pair around the 0
France Markit PMI Composite came in at 47 below forecasts (49) in January
France Markit Services PMI below expectations (48.5) in January: Actual (46.5)
France Markit Manufacturing PMI above expectations (50.5) in January: Actual (51.5)
According to economists at Natixis, the extremely rapid growth in the money supply in OECD countries may give rise to a loss of confidence in OECD cur
The NZD/USD pair extended its retracement slide from weekly tops and refreshed daily lows, around the 0.7180-75 region during the early European sessi
The UK Environment Secretary George Eustice said in a statement on Monday, the government doesn’t think it is right at the moment to go for full borde
Although economic growth and rising yields have weighed on the gold price, economists at ANZ Bank see the backdrop as supportive as rising inflation k
According to economists at Westpac, Italian political stress may hold back dissemination of the Recovery Fund and weigh on EUR/USD. Thus, the pair cou
GBP/USD is off 1.37 after hitting a new 33-month high as the cable closed on Thursday at 1.3712. Karen Jones, Team Head FICC Technical Analysis Resear
Gold (XAU/USD) witnessed good two-way price movements and settled almost changed at $1869 on Thursday. According to FXStreet’s Dhwani Mehta, gold bear
The GBP/USD pair lost some additional ground in reaction to downbeat UK macro data and dropped to fresh session lows, around the 1.3675-70 region in t
Here is what you need to know on Friday, January 22: Markets are edging lower and the safe-haven dollar is gaining ground amid concerns of extended lo
Amongst the Euro area economies, the German and the composite Eurozone PMI reports hold more relevance, in terms of their impact on the European curre
FX Strategists at UOB Group noted further pullbacks in USD/JPY is expected to meet solid contention in the 103.00 neighbourhood in the short-term hori
The USD/CAD pair edged higher through the early European session and climbed to fresh daily tops, around the 1.2680 region in the last hour. The pair
The UK retail sales came in at 0.3% over the month in December vs. 1.2% expected and -3.8% previous. The core retail sales, stripping the auto motor f
United Kingdom Public Sector Net Borrowing above expectations (£32.283B) in December: Actual (£33.375B)
United Kingdom Retail Sales (YoY) came in at 2.9% below forecasts (4%) in December
United Kingdom Retail Sales ex-Fuel (YoY) below forecasts (7%) in December: Actual (6.4%)
United Kingdom Public Sector Net Borrowing came in at £6.4B, below expectations (£32.283B) in December
United Kingdom Retail Sales ex-Fuel (MoM) registered at 0.4%, below expectations (0.8%) in December
United Kingdom Retail Sales (MoM) below expectations (1.2%) in December: Actual (0.3%)
AUD/USD is holding the lower ground below 0.7750, as the US dollar rebound gathers traction in early Europe amid souring risk sentiment. Skepticism pr
Traders scaled back their open interest positions for the second session in a row on Thursday, this time by nearly 5k contracts according to advanced
In opinion of FX Strategists at UOB Group, AUD/USD is now expected to trade between 0.7640 and 0.7820 in the next weeks. Key Quotes 24-hour view: “Our
The Reserve Bank of New Zealand (RBNZ) may not need to go for further interest rate cuts following an upside surprise to New Zealand’s Q4 CPI report,
CME Group’s flash data for crude oil futures markets noted open interest rose for the second session in a row on Thursday, this time by around 29.2K c
EUR/GBP eases from the intraday top to 0.8879 while heading into Friday’s European session. In doing so, the quote prints 0.22% gains on a day, the fi
Cable could edge higher to the 1.3800 region in the next weeks, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “We expected GBP to ‘t
Open interest resumed the downtrend on Thursday and dropped by around 3.2K contracts in light of preliminary readings from CME Group. In the same line
FX option expiries for Jan 22 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.2100 758m 1.2275 1.9bn - USD/JPY: U
FX Strategists at UOB Group now see EUR/USD moving into a consolidative phase, likely between 1.2080 and 1.2225 in the next weeks. Key Quotes 24-hour
USD/INR rises to 73.02, up 0.06% intraday, during the initial hour of the Indian trading session on Friday. In doing so, the quote teases the key psyc
Gold (XAU/USD) is consolidating within Thursday’s trading range above $1850, as investors await President Joe Biden’s speech for the next direction. M
Having witnessed upbeat inflation numbers for December on Wednesday, GBP/USD traders are waiting for Friday’s UK Retail Sales, to be published at 07:0
Having recently dropped to the lowest since January 08, USD/CHF seesaws around 0.8850 during early Friday’s trading. The Swiss currency pair refreshed
EUR/USD is showing resilience to losses in stock markets, with investors eyeing key data releases, which are expected to show a continued expansion of
Rally in the Asia-Pacific equities stall during early Friday as the coronavirus (COVID-19) worries challenge the previous expectations of the US aid p
The US Energy Information Administration (EIA) has revised the first-quarter price forecast for West Texas Intermediate (WTI) crude, the North America
Gold bounces off intraday low of $1,859.00 to $1,862.10, down 0.37% on a day, during early Friday. The yellow metal refreshed two-week high the previo
One-month risk reversal on EUR/USD, a gauge of calls to puts on the shared currency, has recovered to -0.025, having hit an eight-month low of -0.632
“There is room for further policy rates cut,” Bank Indonesia (BI) Governor Perry Warjiyo said in a virtual seminar on Friday, adding that the central
AUD/USD is currently trading near 0.7750, representing a 0.16% drop on the day, having rallied for the third straight day on Thursday. The losses seen
Australia’s trade war with China could very well extend into 2021, as the tiff has cost the OZ economy only $3 billion in its commodities sales last y
With inflation expectations at multi-year highs, the US appears to be leading the so-called global reflation trade, which involves betting on price gr
“Current yuan exchange rate is within a reasonable and balanced range,” the State Administration of Foreign Exchange (SAFE), China’s fx regulator, sai
The USD/JPY pair is struggling to penetrate the 5-day Simple Moving Average (SMA) hurdle for the second straight day. The pair is currently trading ne
Silver remains offered near the intraday low of $25.60, currently down 1.1% near $25.70, during Friday’s Asian session. In doing so, the white metal j
The Reserve Bank of New Zealand (RBNZ) released its Sectoral Factor Model Inflation gauge for the fourth quarter of 2020 after NZ Stats released the o
RBNZ: To postpone publication of most statistical releases after hacking incident more to come ...
S&P 500 Futures drop to 3,840, down 0.15% intraday, amid Friday’s Asian session. The risk barometer refreshed the record top before reversing from 3,8
The dollar index, which tracks the greenback's value against majors, defends the psychological support of 90.00 alongside moderate losses in the US st
The world's coronavirus situation is detrimental to risk appetite and a series of headlines at the end of the week are concerning. The US reported its
NZD/USD drops to 0.7211 while consolidating recent gains during Friday’s Asian session. Even so, the kiwi pair marks 0.15% intraday upside, triggered
The People's Bank of China (PBOC) has set the yuan reference rate at 6.4617 versus Thursday's fix at 6.4696.
The price action in recent trade has been bullish and the bulls remain in control. The following is a technical analysis of the price structure betwee
EUR/USD defended the ascending (bullish) 50-day Simple Moving Average (SMA) support and broke higher from a falling wedge pattern earlier this week, s
AUD/JPY takes a U-turn from the intraday to 80.44 to currently around 80.40, up 0.08% on the day, following Australia’s Retail Sales release during ea
The weaker-than-expected Aussie Retail Sales data fail to elicit a bearish reaction from the Aussie dollar. AUD/USD remains flatlined near 0.7765. As
Australia Dec preliminary retail sales -4.2% m/m s/adj (reuters poll -2.5%) - reuters news. More to come... Description of Australian Bureau of Statis
Australia Retail Sales s.a. (MoM) down to -4.2% in December from previous 7.1%
Japan Jibun Bank Manufacturing PMI below forecasts (50.5) in January: Actual (49.7)
USD/CAD declines to 1.2642 while fading the corrective pullback from a fresh multi-month low during Friday’s Asian trading. Even so, the quote prints
Following its failure to please the bulls, Gold eases to $1,869.70 during the initial Asian session on Friday. The yellow metal refreshed two-week top
United Kingdom GfK Consumer Confidence above expectations (-29) in January: Actual (-28)
Japan Consumer Price Index for December arrived aT 1.2% YoY vs the expected -1.3%. Japan National CPI Ex Fresh Food (Y/Y) Dec: -1% (est -1.1%, prev -0
Further to the following prior analysis, EUR/CHF Price Analysis: Bears to take advantage of the discount, bears have indeed engaged with the price act
Early Friday, the market sees the preliminary reading for the December month Retail Sales data from Australia at 00:30 GMT. Following successive two m
Japan National CPI ex-Fresh Food (YoY) came in at -1%, above expectations (-1.1%) in December
Japan National CPI ex Food, Energy (YoY) came in at -0.4%, below expectations (-0.2%) in December
WTI eases to $53.01 during the initial Asian trading on Friday. Even so, the energy benchmark keeps the previous day’s bounce off 100 and 200-HMAs ins
Japan National Consumer Price Index (YoY) above forecasts (-1.3%) in December: Actual (-1.2%)
AUD/JPY is ripening for a downside extension in a series of bearish confluence across the time frames. Further to the prior analysis, AUD/JPY Price An
GBP/USD eases to 1.3730, after refreshing the multi-month high the previous day, during the early Asian session on Friday. The chatters over the UK po
The Dollar Index (DXY) came under further selling pressure on Thursday, dropping about 0.4% or just under 40 points to fall to fresh lows of the week
It was a subdued day on Wall Street, with most major stock indices finishing the session almost exactly where they begun it amid a lack of fresh macro
AUD/NZD takes offers near 1.0755 while rewriting the weekly low during the initial Asian trading on Friday. The quote recently declined after New Zeal
Australia Commonwealth Bank Composite PMI increased to 56 in January from previous 55.6
Australia Commonwealth Bank Services PMI registered at 55.8, below expectations (57.4) in January
Australia Commonwealth Bank Manufacturing PMI came in at 57.2, above expectations (55.9) in January