The AUD/USD advances for the third straight day, but retraces from the two-month high, reached at 0.7136, so far clinging above the 0.7100 mark, which
EUR/USD could not hold to its two-day gains, drops from five-month highs, back below the 1.0300 mark amidst a positive market mood, after a week where
Colombia Retail Sales (YoY) below forecasts (18%) in June: Actual (17.2%)
Colombia Industrial output (YoY): 12.3% (June) vs previous 46.2%
The outlook for the USD/CAD pair remains bullish in the short-term according to analysts at MUFG Bank. They see risks in the loonie and consider dolla
Analysts at MUFG Bank, have the idea of a shorting the EUR/USD pair around 1.0290 with a target at 0.9900 and a stop-loss at 1.0540. They consider tha
Data released on Friday showed a rebound in Consumer Confidence in August according to the University of Michigan’s preliminary report. Analysts at We
The USD/JPY is about to end the week moving in a range between 133.90 and 133.45. The pair is up on Friday, supported by a stronger US dollar against
Gold price erases some of Thursday’s gains, though stays below $1800 due to falling US bond yields, spurred by earlier US inflation data revealed duri
Richmond Fed President Thomas Barkin said on Friday that there is more to come to get rates into the restrictive territory and noted that he would lik
Gold’s downtrend signals are firm despite the recent short covering rally. Economists at TD Securities expect the yellow metal to remain in a bear mar
Consumer sentiment in the US improved slightly in early August with the University of Michigan's Consumer Confidence Index edging higher to 55.1 (flas
United States Michigan Consumer Sentiment Index came in at 55.1, above forecasts (52.5) in August
The GBP/USD pair comes under renewed selling pressure on Friday and drops to the 1.2100 neighbourhood during the early North American session. The US
The Turkish lira remains on the defensive in the second half of the week and lifts USD/TRY back to the boundaries of the 18.00 mark on Friday. USD/TRY
Intraday losses in the GBP suggest the mid-week gains in cable have peaked. Economists at Scotiabank expect the GBP/USD pair to return toward the 1.20
EUR/USD slips on profit-taking. As economists at Scotiabank note, growth/energy challenges remain. Growth/recession/energy supply concerns remain a th
Silver shows some resilience below the 50% Fibonacci retracement level of the $22.52-$18.15 downfall and catches fresh bids near the $20.25 area, or t
In a report published on Friday, Fitch Ratings noted that easing supply-chain pressures should help reduce core goods inflation, as reported by Reuter
EUR/USD comes under pressure and breaks below 1.0300 after four daily gains in a row on Friday. Despite the knee-jerk, the continuation of the uptrend
Economist at UOB Group Ho Woei Chen, CFA, reviews the latest Monetary Policy Report by the PBoC. Key Takeaways “People’s Bank of China’s (PBoC) 2Q22 M
DXY regains buying interest and reclaims the area above the 105.00 mark at the end of the week. The index remains well supported by recent lows in the
The AUD/USD pair faces rejection near a technically significant 200-day SMA on Friday and witnessed a modest pullback from the vicinity of a two-month
United States Import Price Index (YoY) fell from previous 10.7% to 8.8% in July
United States Export Price Index (YoY) down to 13.1% in July from previous 18.2%
United States Import Price Index (MoM) registered at -1.4%, below expectations (-1%) in July
United States Export Price Index (MoM) below forecasts (-1.1%) in July: Actual (-3.3%)
UOB Group’s Senior Economist Alvin Liew comments on the revised Q2 GDP figures in Singapore. Key Takeaways “Singapore’s final 2Q 2022 GDP was revised
EUR/JPY bounces further in the second half of the week and looks to reclaim the 138.00 barrier and above in the near term. The continuation of the ups
India Manufacturing Output down to 12.5% in June from previous 20.6%
India Cumulative Industrial Output came in at 12.7%, above forecasts (11.8%) in May
India Industrial Output came in at 12.3%, above expectations (10.7%) in June
Sterling is underperforming despite better-than-expected data and is currently trading near 1.2125. The GBP/USD pair could tumble to the 1.20 level, e
The challenges for the gold market are still in place. A peak in US inflation suggests a downside risk to the gold price. Still, increasing recessiona
India FX Reserves, USD down to $572.98B in August 5 from previous $573.88B
India Bank Loan Growth came in at 14.5%, above expectations (14.2%) in July 25
Senior Economist at UOB Group Alvin Liew reviews the latest US inflation figures and the impact on the Fed’s rate path in the near term. Key Takeaways
Recession fears topping the agenda but yields are still set to edge further up in the coming months. Economists at Danske Bank have now incorporated a
The USD/CAD pair rebounds a few pips from the daily low and climbs to a fresh intraday peak during the first half of the European session. The pair is
Gold slips into negative territory for the third straight day on Friday and remains below the $1,800 mark through the first half of the European sessi
Following last week’s massive setback, the latest recovery of oil prices is likely to falter. In the view of strategists at Commerzbank, oil prices sh
Gold price has not managed to lastingly overcome the $1,800 mark this week. In the opinion of strategists at Commerzbank, it is too early to expect go
Economist at UOB Group Enrico Tanuwidjaja assesses the latest interest rate decision by the Bank of Thailand (BoT). Key Takeaways “BOT voted 6 to 1 to
The single currency loses some shine and forces EUR/USD to retreat to the sub-1.0300 region on at the end of the week. EUR/USD weaker on USD-reovery E
The EUR/GBP cross attracts some buying for the second straight session on Friday and climbs to a two-and-half-week high during the first half of the E
GBP/USD has come under fresh bearish pressure and declined below 1.2200 on Friday. The pair stays within a touching distance of the key support that a
The USD fell across the board after US inflation data for July came in lower than expected. Nonetheless, economists at UBS still expect the greenback
Eurozone’s Industrial Production increased more than expected in June, the official data published by Eurostat showed on Friday, suggesting that the b
European Monetary Union Industrial Production w.d.a. (YoY) came in at 2.4%, above forecasts (0.8%) in June
European Monetary Union Industrial Production s.a. (MoM) above forecasts (0.2%) in June: Actual (0.7%)
The UK GDP data has just been released for both the month of June and for Q2. The June contraction has come in smaller than expected at -0.6%, which h
The GBP/USD pair turns lower for the second successive day on Friday and moves further away from the weekly high, around the 1.2275 area touched in th
Extra weakness carries the potential to drag USD/CNH to the 6.7100 region in the next weeks, say FX Strategists at UOB Group Lee Sue Ann and Quek Ser
Germany’s Economy Ministry said in its monthly report on Friday, the economy faces "significantly poorer prospects" in the second half of the year due
Hong Kong SAR Gross Domestic Product (YoY) rose from previous -4% to -1.3% in 2Q
Hong Kong SAR Gross Domestic Product (QoQ): 1% (2Q) vs -3%
EUR/USD has failed to clear the stiff resistance that sits at 1.0370 and has gone into a consolidation phase early Friday. The pair could extend corre
The USD/JPY pair builds on the previous day's goodish recovery move from the 131.75-131.70 area, or a one-and-half-week low and gains some positive tr
Italy Trade Balance EU down to €-2.166B in June from previous €0.246B
Italy Global Trade Balance above forecasts (€-1.368B) in June: Actual (€0.844B)
Here is what you need to know on Friday, August 12: The risk rally that was fueled by the soft US inflation data mid-week lost its steam and the marke
The NZD/USD pair prolongs this week's strong move up and gains traction for the fifth successive day on Friday. The momentum lifts spot prices to over
UK’s second quarter (Q2) Gross Domestic Product (GDP) shrank less than expected. The EUR/GBP is trading around the 0.8450 mark and could edge higher t
Gold still faces a determined Fed tightening policy and a strong USD. If market sentiment shifts to a 50 bps rate hike as opposed to 75 bps, this may
Spain Consumer Price Index (MoM) came in at -0.3%, below expectations (-0.2%) in July
AUD/USD grinds higher around intraday top surrounding 0.7125 heading into Friday’s European session. In doing so, the Aussie pair remains inside a one
Spain Consumer Price Index (YoY) meets forecasts (10.8%) in July
Turkey Industrial Production (YoY) came in at 8.5%, above expectations (6.7%) in June
Spain HICP (YoY) came in at 10.7%, below expectations (10.8%) in July
Spain HICP (MoM) below expectations (-0.5%) in July: Actual (-0.6%)
EUR/USD struggles near 1.03. Economists at ING expect the pair to trade back lower toward the 1.0275 mark. Gas developments remain worrying “This week
The highlight of today's relatively quiet session will be US August consumer sentiment data. In the view of economists at ING, cheaper gasoline should
The GBP/JPY cross builds on the overnight goodish bounce from the 161.25 area, or the weekly low and gains some positive traction on Friday. Spot pric
Economists at Westpac believe that the current level of USD/JPY could be justified. Furthermore, they expect the pair to trade at 123 by the end of 20
France Inflation ex-tobacco (MoM) down to 0.3% in July from previous 0.8%
France Consumer Price Index (EU norm) (YoY) in line with expectations (6.8%) in July
France Consumer Price Index (EU norm) (MoM) in line with expectations (0.3%) in July
The recent US dollar decline is just the start. Economists at Westpac expect the greenback to lose ground against the euro, sterling and Canadian doll
FX option expiries for August 12 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.0050-55 2.1 1.0200-05 1.2b 1.022
The greenback attempts a tepid rebound and revisits the low-105.00s when tracked by the US Dollar Index (DXY) at the end of the week. US Dollar Index
EUR/GBP remains pressured around 0.8460-55 area after an initial wick to 0.8447 on the UK’s firmer-than-expected growth numbers. However, the actual f
The failure to hold above $1,800 could renew downward pressure in XAU/USD. If gold price slips below $1,770, support may not be found until $1,700, an
The Turkish lira has regained some footing after veering dangerously close to the 18.00 mark versus the US dollar. Economists at Commerzbank believe t
GBP/USD takes rounds to 1.2200, paring intraday losses, as the UK’s second quarter (Q2) Gross Domestic Product (GDP) shrank less than expected. It’s w
Economists at Commerzbank have changed their EUR/USD forecast. They expect levels only slightly below parity and continued recovery of the EUR/USD exc
USD/JPY remains poised for some near-term side-lined trading prior to a potential drop to the 131.65 area, note FX Strategists at UOB Group Lee Sue An
Open interest in natural gas futures markets rose by around 6.1K contracts after five consecutive daily drops on Thursday, according to preliminary re
The industrial sector recovery dwindled in June, the latest UK industrial and manufacturing production data published by Office for National Statistic
United Kingdom Total Trade Balance declined to £-11.387B in June from previous £-9.747B
United Kingdom Trade Balance; non-EU came in at £-12.29B, above expectations (£-12.47B) in June
United Kingdom Goods Trade Balance came in at £-22.847B, below expectations (£-22.3B) in June
United Kingdom Manufacturing Production (MoM) came in at -1.6%, above expectations (-1.8%) in June
West Texas Intermediate (WTI), futures on NYMEX, has witnessed a minor pullback to near $93.00 after printing a weekly high of $94.20. The black gold
United Kingdom Gross Domestic Product (YoY) above expectations (2.8%) in 2Q: Actual (2.9%)
United Kingdom Gross Domestic Product (QoQ) registered at -0.1% above expectations (-0.2%) in 2Q
Quarterly GDP for the UK contracted by 0.1% in Q2 vs. -0.2% expected. UK GDP arrived at -0.6% MoM in June vs. -1.3% expected. GBP/USD recaptures 1.22
United Kingdom Total Business Investment (YoY) declined to 5% in 2Q from previous 8.3%
United Kingdom Total Business Investment (QoQ) came in at 3.8%, above forecasts (-0.3%) in 2Q
United Kingdom Index of Services (3M/3M) below forecasts (0.9%) in June: Actual (-0.4%)
United Kingdom Manufacturing Production (YoY) came in at 1.3%, above forecasts (0.9%) in June
United Kingdom Industrial Production (YoY) registered at 2.4% above expectations (1.6%) in June
United Kingdom Industrial Production (MoM) came in at -0.9%, above forecasts (-1.3%) in June
Sweden Consumer Price Index (MoM) below expectations (0.3%) in July: Actual (0.1%)
Sweden Consumer Price Index (YoY) came in at 8.5%, below expectations (8.7%) in July
United Kingdom Gross Domestic Product (MoM) came in at -0.6%, above expectations (-1.3%) in June
Gold has struggled to find acceptance above the $1,800 mark. But in the view of FXStreet’s Haresh Mengani, XAU/USD bulls have the upper hand. Sustaine
According to FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang, AUD/USD could extend the upside to the 0.7170 region near term. Key Quotes 24
USD/CAD bears keep reins for the third consecutive day around the lowest levels since June 10. That said, the Loonie pair refreshes its intraday low n
CME Group’s flash data for crude oil futures markets noted open interest rose by nearly 6K contracts on Thursday. Volume followed suit and rose for th
GBP/USD needs to clear the 1.2300 level to allow for sustained gains in the short-term horizon, suggest FX Strategists at UOB Group Lee Sue Ann and Qu
Considering advanced prints from CME Group for gold futures markets, traders increased their open interest positions for the second session in a row o
France ILO Unemployment came in at 7.4%, above expectations (7.3%) in 2Q
Gold price (XAU/USD) remains sidelined at around $1,790 heading into Friday’s European session as traders seek fresh clues to overcome the dilemma sur
The British economic calendar is all set to entertain the cable traders in early Friday, at 06:00 GMT, with the preliminary GDP figures for Q2 2022. A
In the opinion of FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang, EUR/USD is expected to meet a decent hurlde around the 1.0400 region in
Steel price grinds higher during the early Friday as metal buyers struggle amid mixed concerns. Even so, the industrial metal braces for the fourth co
The USD/JPY pair has slipped minutely after printing an intraday high of 133.50. On a broader note, the asset has displayed a pullback move after a pe
Asia-Pacific shares remain mostly inactive, trending lower, outside Japan as traders seek fresh clues while tracking Wall Street’s moves during early
AUD/USD is defending minor bids just above 0.7100, helped by a pause in the US dollar recovery ahead of the Consumer Sentiment data. Risk sentiment re
USD/INR braces for Indian inflation around 79.65-70 during Friday’s Asian session, after rising the most since late June the previous day. The market’
EUR/USD is trading close to the 1.0300 mark, struggling to find demand amid an extended recovery in the US dollar across the board. The market mood re
Gold price is moving back and forth in a familiar range while trading close to the $1,800 mark, as the rebound in the US dollar and the Treasury yield
USD/CAD dribbles inside a choppy range between 1.2760 and 1.2770 during Friday’s sluggish Asian session. In doing so, the Loonie pair traces the marke
USD/CHF snaps four-day downtrend, grinds higher around the intraday top of 0.9426 as sellers retreat from the lowest levels since April, marked the pr
The US dollar, DXY, was set for its third weekly loss in four against its rivals, but the bulls are moving in on the final day of the week in a turnar
Australia HIA New Home Sales (MoM): -13.1% (July) vs previous 1.9%
After an upbeat mid-week, global markets remain sluggish as they await the final dossier of the key data during Friday’s Asian session. Also keeping t
USD/JPY has been picked up by the bulls at a discount and is on the verge of a significant bullish correction according to the following multi-timefra
In recent trade today, the People’s Bank of China (PBOC) set the yuan (CNY) at 6.7413 vs. the last close of 6.7450. About the fix China maintains stri
NZD/USD holds onto the previous day’s pullback from a two-month high as the adjacent key resistance line and 100-DMA challenge buyers during Friday’s
The AUD/USD pair has declined gradually below 0.7100 after printing a high of 0.7135 on Thursday. The asset has tumbled after sensing exhaustion in th
GBP/USD takes offers to refresh intraday low around 1.2180, down for the second consecutive day, as the US dollar pares weekly losses during Friday’s
The EUR/GBP pair is facing barricades around the immediate hurdle of 0.8465 continuously since Thursday. The asset is expected to display topsy-turvy
EUR/USD renews intraday low near 1.0315 during Friday Asian session, snapping four-day uptrend around the monthly peak. In doing so, the major currenc
The US dollar index (DXY) extended its gains to near 105.20 after sensing an intense buying interest while revisiting the six-week low at 104.64. The
Gold price (XAU/USD) stays depressed at around $1,788 as sellers flirt with the immediate support line during Friday’s Asian session. In doing so, the
Reuters reports that San Francisco Federal Reserve Bank President Mary Daly said on Thursday that a 50 basis point interest rate hike in September "ma
As per the prior analysis, USD/CAD Price Analysis: Bulls could be about to clean up, the price is in a phase of accumulation currently and a resurgenc
Japan Foreign Investment in Japan Stocks climbed from previous ¥-120.3B to ¥61B in August 5
Japan Foreign Bond Investment rose from previous ¥37.1B to ¥827B in August 5
The AUD/NZD pair has turned sideways at around 1.0400 after a downside move from 1.0500. The asset is on the verge of printing a fresh weekly low if t
WTI crude oil prices remain sidelined at around $93.30-35 during Friday’s Asian session, pausing a two-day recovery around the weekly top. The black g
Silver price (XAG/USD) remains pressured at around $20.30, keeping the previous day’s bearish bias during Friday’s Asian session. In doing so, the bri
The NZD/USD pair has continued its four-day winning streak and is likely to recapture its two-month high at 0.6260 as Business NZ has reported upbeat
The USD/CHF stumbles for the sixth consecutive day and breaks support provided by the 200-DMA at 0.9427, shifting the major’s bias downwards, with sel
Analysts at the investment bank Morgan Stanley (MS) think that the British Pound (GBP) has a limited scope of portraying a heavy downside. "We turn be
New Zealand Food Price Index (MoM) came in at 2.1%, above expectations (1.2%) in July
GBP/JPY holds lower grounds inside an immediate 30-pip trading range above 162.10 during Friday’s initial Asian session. In doing so, the cross-curren
New Zealand Business NZ PMI above forecasts (52.5) in July: Actual (52.7)
“The Reserve Bank of New Zealand (RBNZ) will stick to its hawkish stance and deliver a fourth straight half-point rate hike on Wednesday in its most a
The GBP/USD pair is hovering around the immediate hurdle of 1.2200 after a modest rebound from 1.2185. The asset defended Wednesday’s low at around 1.
AUD/USD steps back from a two-month high, recently sidelined, as bulls seek fresh clues to extend the latest uptrend amid a light calendar and recentl
The EUR/JPY jumps off weekly lows and trims some of Wednesday’s losses amidst a mixed market mood as reflected by the US equities split between gainer
The EUR/USD pair is auctioning in an inventory distribution phase after a sheer downside move. The asset declined sharply after testing the monthly hi
The gold price is back to flat in the close on Wall Street following a move in the US dollar and yields that have shaken out some weak hands that have
The AUD/JPY snaps two days of losses and advances after Wall Street closed mixed as investors’ upbeat sentiment pauses. Earlier risk appetite improved
South Korea Export Price Growth (YoY) below expectations (22%) in July: Actual (16.3%)
South Korea Import Price Growth (YoY) below expectations (33%) in July: Actual (27.9%)