Today's calendar includes a monetary policy meeting of the Czech National Bank (CNB). Economists at ING expect EUR/CZK to move below 23.50. CNB to con
The NZD/USD pair once again fails near a technically significant 200-day Simple Moving Average (SMA) and comes under fresh selling pressure on Wednesd
Since the beginning of the banking crisis in the United States and in Europe, all bank shares have fallen considerably. Analysts at Natixis seek to de
USD/CNH should keep the side-lined trade well in place within the 6.8100-6.9200 range in the short-term horizon, comment Economist Lee Sue Ann and Mar
Economists at ING continue to see mostly downside risks for the US Dollar. Fed’s lack of clarity counts more than the magnitude of cuts “Markets moved
European Central Bank (ECB) Chief Economist Philip Lane said on Wednesday, “ECB rates must rise if banking tension has no or ‘fairly limited’ impact.”
The GBP/USD pair comes under some selling pressure on Wednesday, snapping a two-day winning streak and eroding a part of the overnight gains to its hi
Japanese Prime Minister Fumio Kishida is making some comments on the country’s wage outlook this Wednesday. Key quotes “Aiming to narrow wage gaps bet
In a statement on Wednesday, UK Finance Minister Jeremy Hunt said that “I want to be the chancellor who simplifies taxes.” Additional takeaways “It is
In the view of Antje Praefcke, FX Analyst at Commerzbank, the Riksbank must continue its fight against inflation with determination. If not, Krona cou
The weekly upside bias in EUR/USD appears to have met a tough barrier around the 1.0850 region for the time being. EUR/USD looks offered as dollar reb
Precious metals are consolidating this week after seeing enormous gains since the beginning of March. Gold price (XAU/USD) is trading comfortably abov
“We should continue in raising rates, possibly at a slower pace,” European Central Bank (ECB) policymaker Peter Kazimir said on Wednesday. Further com
In its latest review, Fitch Ratings affirmed Japan’s sovereign credit rating at ‘A’ while maintaining a ‘stable’ outlook. Key takeaways Expect Japan's
United Kingdom M4 Money Supply (YoY) down to 1% in February from previous 2.7%
European Central Bank (ECB) policymaker Peter Kazimir said on Wednesday, “we have to closely monitor the situation,” adding that “we are ready to take
United Kingdom Net Lending to Individuals (MoM): £2.2B (February) vs previous £4.1B
United Kingdom M4 Money Supply (MoM) came in at -0.4% below forecasts (0.1%) in February
United Kingdom Consumer Credit came in at £1.413B, above expectations (£1.3B) in February
United Kingdom Mortgage Approvals registered at 43.536K above expectations (40.5K) in February
Extra decline looks likely in USD/JPY while below the 132.00 mark, according to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB. Ke
The USD/CAD pair attracts some buying near the 1.3585 region, or over a three-week low touched this Wednesday and sticks to its modest gains through t
Economists at ING dbelieve that the 1.10 level is within reach for the EUR/USD pair. EUR/GBP to fall below 0.8800 “1.10 should be within reach in the
Gold price retreats back into a familiar range between $1,950-60 in the early European Session on Wednesday. Volatility has drained from markets as ba
Italy Trade Balance non-EU up to €4.023B in February from previous €-1.359B
CME Group’s flash data for natural gas futures markets noted traders increased their open interest positions for the second session in a row on Tuesda
Austria Purchasing Manager Index declined to 44.7 in March from previous 47.1
Switzerland ZEW Survey – Expectations below forecasts (-18.9) in March: Actual (-41.3)
Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group still expect AUD/USD to navigate between 0.6565 and 0.6760 in the near term.
Norges Bank’s policy rate will depend a lot on the Krone’s development over the coming weeks and months. Antje Praefcke, FX Analyst at Commerzbank, ex
Open interest in crude oil futures markets shrank for the second session in a row on Tuesday, now by around 11.5K contracts according to preliminary r
Yesterday, the Hungarian Forint rallied noticeably after the central bank kept all policy parameters on hold. Economists at ING expect the EUR/HUF pai
The AUD/USD pair struggles to capitalize on the previous day's positive move and comes under some renewed selling pressure on Wednesday. The steady in
Here is what you need to know on Wednesday, March 29: Risk flows continue to drive the action in financial markets mid-week with US stock index future
In the view of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, GBP/USD could see its gains accelerated on a close above 1.24
Analysts at Goldman Sachs have changed their call on the Pound Sterling from bearish to bullish, now targeting EUR/GBP at 0.8800 and GBP/USD at 1.1900
The Czech National Bank (CNB) is expected to leave rates unchanged in its meeting today. Willingness to hike rates in the future should support Koruna
Australian Consumer Price Index (CPI) fell short of market expectations with headline inflation falling from 7.4% year-on-year in January to 6.8% in F
Sweden Consumer Confidence (MoM) below forecasts (70) in March: Actual (62.8)
Gold price (XAU/USD) renews its intraday low around $1,960 as it reverses the previous day’s corrective bounce amid early Wednesday in Europe. The pre
France Consumer Confidence in line with expectations (81) in March
Economists at ABN Amro have adjusted their forecasts in EUR/USD following changes in the Fed view and ECB view. Year-end 2024 forecast kept at at 1.16
EUR/USD drops to 1.0830 as it welcomes intraday sellers during the initial hour of Wednesday’s European session. In doing so, the Euro pair prints the
FX option expiries for Mar 29 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.0685 1.0b 1.0700 2.5b 1.0850 549m 1
The USD/JPY pair is hovering near its weekly high at 131.75 in the early European session. The asset is expected to extend its upside journey towards
Denmark Retail Sales (YoY) climbed from previous -6.2% to -4.3% in February
Germany Gfk Consumer Confidence Survey below expectations (-29.2) in April: Actual (-29.5)
Sweden Retail Sales (MoM) registered at -1.2%, below expectations (-0.4%) in February
Norway Retail Sales registered at 0.2% above expectations (-1.1%) in February
Sweden Retail Sales (YoY) registered at -9.4%, below expectations (-6.6%) in February
Natural Gas (XNG/USD) holds lower ground near $2.20 as bears poke the Year-To-Date (YTD) low marked in February. In doing so, the energy quote remains
Gold price recaptured the 23.6% Fibonacci Retracement (Fibo) level of the March advance, pegged at $1,963, on a daily closing basis on Tuesday. Holdin
The greenback, in terms of the USD Index (DXY), regains some composure and revisits the 102.50/60 area on Wednesday. USD Index looks at risk trends, b
USD/CHF keeps buyers in the driver’s seat during the early Wednesday’s sluggish markets. That said, the Swiss currency pair rose the most in nearly a
Markets in the Asian domain have shown a decent recovery as fears of a potential United States banking crisis have receded and escalating chances of a
Considering advanced prints from CME Group for gold futures markets, open interest shrank for the second session in a row on Tuesday, this time by aro
China's Taiwan Affairs Office threatened retaliation over Taiwan President Tsai Ing-wen's visit to the US on Wednesday. Zhu Fenglian, spokesperson of
Outgoing Bank of Japan (BoJ) Governor Kuroda said on Wednesday, “Japan is closer than before to sustainably hit the 2% inflation target.” Kuroda added
EUR/USD is still seen trading within 1.0660 and 1.0870 in the next few weeks, suggest Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at U
NZD/USD prints mild gains around 0.6260 during early Wednesday in Europe as bulls take a breather following the previous day’s run-up, the biggest in
The GBP/USD pair has shown a recovery move after a gradual correction to near 1.2320 in the Asian session. The Cable is aiming to recapture the immedi
USD/CAD retreats from intraday high, fading bounce off three-week low, as it traces the early Wednesday’s sluggish markets around 1.3600. In doing so,
Gold price (XAU/USD) has dropped after failing to sustain above $1,970.00 in the Asian session. The precious metal has lost its appeal as fears of the
USD/INR picks up bids to pare weekly losses around 82.30 as it snaps a two-day downtrend amid early Wednesday. In doing so, the Indian Rupee pair rebo
The AUD/USD pair is displaying topsy-turvy moves below the round-level resistance of 0.6700 in the Asian session. The Aussie asset has turned rangebou
EUR/USD witnesses headwinds at the weekly top as Euro traders remain cautious ahead of the key German clues. Adding strength to the pullback moves cou
Silver price (XAG/USD) prints 0.35% intraday losses around $23.25 as bulls run out of steam during early Wednesday, after posting positive closings in
USD/MXN holds lower grounds near 18.22 as sellers flirt with the lowest levels in three weeks during early Wednesday. In doing so, the Mexican Peso pa
Bank of Japan (BoJ) Deputy Governor Shinichi Uchida said on Wednesday, they “won't foretell markets on information ahead of every monetary policy meet
USD/JPY struggles around intraday high, after a stellar run-up to 131.66, as the key moving average challenges the Yen pair buyers during early Wednes
The NZD/USD pair is struggling in shifting its auction above 0.6260 in the Asian session. The Kiwi asset is facing hurdles as the US Dollar Index (DXY
GBP/JPY is climbing in Asia as the Yen gets sold off. The bulls are sitting in the wings looking for a discount as the following illustrates. GBP/JPY
Deputy Director General of China’s National Development and Reform Commission of the People's Republic of China (NDRC) said in a statement on Wednesda
Risk appetite stays firmer despite early Wednesday’s inactive markets as traders seek confirmation of banking optimism amid an unimpressive calendar i
GBP/USD extends pullback from an eight-week high while printing mild losses near 1.2330 during early Wednesday. In doing so, the Cable pair prints the
In recent trade today, the People’s Bank of China (PBOC) set the yuan at 6.8771 vs. the previous closing of 6.8755. About the fix China maintains stri
The USD/CAD pair has sensed stiff barriers near 1.3600 in the Asian session. The downside bias for the Loonie asset seems solid as the US Dollar Index
AUD/NZD renews intraday low near 1.0690, marking a near 30-pip slump as Australia’s headline inflation data disappoints early Wednesday. As the downbe
EUR/USD is stalling on the bid near a five-day high around 1.0850 as euro zone government bond yields rose on Tuesday. The US Dollar fell against a ba
The AUD/JPY pair has slipped firmly to near 87.80 as the Australian Bureau of Statistics has reported further softening in the monthly Consumer Price
AUD/USD takes offers to refresh intraday low, snaps two-day uptrend on weak Australia inflation data. Australia’s Monthly CPI dropped to 6.8% YoY in
Australia´s monthly Consumer Price Index (YoY), released by the RBA and republished by the Australian Bureau of Statistics has been released as follow
The US Dollar Index (DXY) witnessed a sheer sell-off on Tuesday as United States banking jitters eased after the announcement of the acquisition of co
Gold price (XAU/USD) stays defensive around $1,972, after snapping a two-day losing streak the previous day, as bulls seek more clues amid a cautious
USD/JPY on Tuesday fell by -0.60% as the US Dollar came under pressure in mixed risk sentiment. The yen moved higher Tuesday after Japan's cabinet app
West Texas Intermediate (WTI), futures on NYMEX, is hovering near its two-week high around $73.90 in the early Asian session. The oil price has shown
Australia’s Monthly Consumer Price Index (CPI) for February, scheduled for publishing on early Wednesday around 00:30 GMT, appears the crucial data fo
Markets remain dicey during early Wednesday as traders await more clues to overcome the mixed sentiment backed by hopes of overcoming the banking cris
AUD/NZD portrays the pre-data anxiety by making rounds to 1.0700 during early Wednesday, waiting for Monthly Consumer Price Index (CPI). In addition t
The USD/CHF pair has recovered after a minor correction below 0.9200 in the early Tokyo session. The Swiss Franc asset has shown a recovery despite a
AUD/JPY edges down as the Asian session begins, but Tuesday’s gains opened the door for further upside in the pair. However, the AUD/JPY is still down
United Kingdom BRC Shop Price Index (YoY) up to 8.9% in February from previous 8.4%
Australia bond markets continue witnessing the week-start buying as traders brace for the key Aussie Monthly Consumer Price Index (CPI) data for Febru
USD/CAD bears struggle to keep the reins during early Wednesday as the 50-day Exponential Moving Average (EMA) probes the Loonie pair’s two-day downtr
The GBP/USD pair is demonstrating a back-and-forth action below 1.2350 in the early Asian session. The Cable has turned sideways after a bumper rally
USD/JPY pares some of Monday’s gains and drops below the 131.00 figure after Wall Street closed with losses. At the time of writing, the USD/JPY is tr
AUD/USD pokes 0.6700 mark as bulls await the key Australia inflation data on early Wednesday, after a two-day uptrend. It’s worth noting that the mark
The EUR/USD pair has stretched its north-side journey to near the critical resistance of 1.0850 in the early Asian session. The absence of exhaustion
Gold price was higher on Tuesday following two sessions of declines with support from a weaker US Dollar even as bond yields climbed. Wall Street's ma
South Korea Consumer Sentiment Index above forecasts (90.3) in March: Actual (92)