The outlook on Cable looks mixed but it could still attempt to test the 1.3160 region in the short-term, suggested FX Strategists at UOB Group. Key Qu
While presenting the German DIHK Chambers of Industry and Commerce latest business sentiment survey among more than 26,000 firms, the German body cite
The latest data published by the Joint Organizations Data Initiative (JODI) showed on Wednesday, Saudi Arabia, the Organization of Petroleum Exporting
The AUD/USD pair traded with a mild positive bias through the Asian session, with bulls still awaiting a sustained move beyond the 0.6700 round-figure
Open interest in Gold futures markets went up by nearly 28.4K contracts on Tuesday, reaching the third consecutive build according to flash data from
FX Strategists at UOB Group remain bearish on EUR/USD and hinted at a potential move to 1.0770 and possibly below. Key Quotes 24-hour view: “After tra
Ray Attrill, Head of FX strategy at National Australia Bank (NAB), said in his latest client note that the US dollar could benefit from both risk-on a
In light of preliminary prints for JPY futures markets from CME Group, open interest and volume rose by nearly 5.5K contracts and almost 75K contracts
FX option expiries for Feb 19 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.0785 1.2bn - GBP/USD: GBP amounts 1
UOB Group’s Economist Barnabas Gan gives his views on the recently announced Budget 2020 in Singapore. Key Quotes “The Singapore Budget 2020 is being
CME Group’s advanced readings for GBP futures markets showed investors added around 1.2K contracts to their open interest positions on Wednesday, resu
Enrico Tanuwidjaja, Economist at UOB Group, reviewed the impact of the Chinese COVID-19 on the latest trade balance figures in Indonesia. Key Quotes “
Risk-recovery emerged as the main underlying theme in Asia this Wednesday, reflective of a rebound in the Asian stocks, Wall Street futures and Treasu
Open interest in EUR futures markets shrunk for the second session in a row on Tuesday, this time by just 928 contracts according to flash data from C
Following their fiercest drop in three weeks, Asian equities bounce back amid clues of further liquidity infusion from China as well as cautious optim
Economist at UOB Group Barnabas Gan assessed the outlook on Thailand’s economic growth for the current year. Key Quotes “Thailand’s economy expanded 1
Here is what you need to know on Wednesday, February 19: Coronavirus: The respiratory disease has already taken the lives of over 2,000 people includi
Coronavirus fears continue underpinning gold prices. While China has announced measures to help the economy, fears of growing economic damage, XAU/USD
The greenback, when measured by the US Dollar Index (DXY), is struggling for direction near 99.50 following the Asian trading session on Wednesday. US
EUR/GBP seesaws around the previous day’s close while taking rounds to 0.8305 ahead of the European session on Wednesday.
Days ahead of a scheduled visit to India, US President Trump raised doubts over a potential trade deal with the South Asian super power, Bloomberg rep
GBP/USD clings to 1.3000 while heading into the London open on Wednesday. The Cable has been in a 10-pip choppy range between 1.2995 and 1.3005.
The bid tone around the anti-risk Japanese yen weakened, allowing USD/JPY to rise to 110.11, as the futures on the S&P 500 ticked higher hinting at ri
USD/CHF takes the bids to 0.9835 amid the pre-European session on Wednesday. In doing so, the pair crosses 38.2% Fibonacci retracement of its broad ru
According to the US Treasury Department report released Tuesday, China’s total shrank $54.4 billion on the year to $1.07 trillion. China sold around $
EUR/USD is looking south and investors are adding bets to position for deeper losses in the common currency. Bearish daily close The pair closed below
Citing two sources familiar with the Japanese government thinking, Reuters reports that the Cabinet Office will likely maintain its view that the econ
USD/INR declines to 71.52 as the Indian markets open for trading on Wednesday. The pair’s latest surge to 71.83 repeated the habit of being short-lived.
The AUD/USD pair is mildly bid, but struggling to cut through the psychological resistance of 0.67 with investors likely waiting on the sidelines ahea
S&P global ratings is out with its assessment of the impact of the coronavirus outbreak on the Chinese economy. Key Quotes: Coronavirus will deliver a
In an interview with Bloomberg TV on Wednesday, Singapore’s Finance Minister Heng said that the Singapore dollar (SGD) exchange rate has sufficient ba
NZD/USD consolidates losses to 0.6395, up 0.15%, during early Wednesday. The pair recently took a U-turn from a horizontal line stretched from Novembe
Analysts at Citigroup discuss the key five reasons for the euro’s recent decline to multi-year lows sub-1.0800 levels. Key Quotes: "Reasons for EUR's
Foreign inflows into US Treasuries in 2019 hit their largest level in seven years, data from the US Treasury Department showed on Tuesday. Overall for
Ratings agency Standard & Poor's (S&P) thinks the Reserve Bank of India (RBA) will be forced to cut interest rates, as coronavirus outbreak will deliv
Amid a slowdown in the number of new cases reported in China’s Hubei province, the epicenter of the coronavirus outbreak, unfortunately, across the bo
USD/CAD is struggling to gather upside traction despite a bullish continuation setup on the 4-hour chart. The pair broke out of a falling wedge patter
The UBS analysts stay bullish on gold’s outlook and recommend ‘buy the dips’ strategy amid looming macro uncertainty. Key Quotes: “Investors look to b
USD/JPY takes the bids to 110.00 during early Wednesday. The risk barometer recently benefited from the uptick in Asian stocks.
The options market is most bullish on the USD/INR pair in over four months. The one-month 25 delta risk reversals jumped to 0.60 on Tuesday – the high
USD/IDR stays modestly changed to 13,675 amid the initial trading hours on Wednesday. The quote recently broke the three-week-old rising trend line bu
Moody's says with coronavirus aside, structural changes add to Asia's credit challenges. Key notes Moody's says credit conditions in Asia will turn ne
According to the latest report published by China’s National Health Commission (NHC) on Wednesday, 1,749 new confirmed cases of novel coronavirus infe
USD/CNH remains mildly positive around 7.0120 as China’s markets open for Wednesday’s trading. While coronavirus indicators and efforts to placate tra
Gold jumped 1.32% on Tuesday, confirming an upside break of the six-week-long narrowing price range or the pennant pattern on the daily chart. The bre
AFP reports on the death toll from the new coronavirus outbreak that surged to 2,000 on Wednesday, noting that Chinese and international health offici
The People's Bank of China (PBOC) has set the Yuan reference rate 7.0012 at versus Tuesday's fix at 6.9826.
Considering the coronavirus, markets are paying particular attention to global yields. The Aussie trades as a proxy to the theme of the virus and it i
GBP/USD remains a little changed below 1.3000 during early Wednesday. The cable posted a trend reversal Doji candlestick formation the previous day.
EUR/USD closed out Tuesday below 1.07 to print the weakest daily close since April 2017. More importantly, the single currency formed a bearish marubo
EUR/JPY is currently trading at 118.67 between a range of 118.55 and 118.68, as bulls step away from the bearish rend which recently broke below a cri
AUD/JPY trades modestly positive while trading around 73.55 after Australia’s fourth quarter (Q4) Wage Price Index during early Wednesday.
AUD/USD has barely moved in response to the Aussie wage growth data for the fourth quarter released by the Australian Bureau of Statistics 00:00 UTC.
Australia Wage Price Index (YoY) in line with expectations (2.2%) in 4Q
Australia Wage Price Index (QoQ) in line with expectations (0.5%) in 4Q
WTI rises to $52.40 during Wednesday’s Asian session. Even so, the black gold stays below 21-day SMA while a bearish candlestick formation keeps the s
Japan Adjusted Merchandise Trade Balance below expectations (¥-64.2B) in January: Actual (¥-224.1B)
Japan Merchandise Trade Balance Total came in at ¥-1312.6B, above expectations (¥-1694.9B) in January
Japan Machinery Orders (YoY) below expectations (-1.3%) in December: Actual (-3.5%)
Japan Machinery Orders (MoM) below expectations (-9%) in December: Actual (-12.5%)
Japan Imports (YoY) registered at -3.6%, below expectations (-1.3%) in January
Japan Exports (YoY) above forecasts (-6.9%) in January: Actual (-2.6%)
Gold prices step back from monthly high to $1,601.30 during the Asian session on Wednesday. The bullion earlier surged as headlines concerning China f
AUD/NZD has made a significant move to the upside and price action is showing little sign of exhaustion until it breaks below the 17th Feb highs at 1.
Australia Westpac Leading Index (MoM) remains at 0.05% in January
GBP/JPY stays mostly inactive while flashing 142.85 as a quote during Wednesday’s Asian session. That said, the pair recently took a U-turn from 10-we
NZD/USD pulls back from seven-day low to 0.6390 amid the initial Asian session on Wednesday. Mostly upbeat comments from the Reserve Bank of New Zeala
China's Hubei province, epicentre of coronavirus outbreak, reports 1,693 new cases on Feb 18 vs 1,807 on Feb 17. More to come
While citing a phone call between the leaders of the UK and China, the South China Morning Post (SCMP) cited British Prime Minister’s favor to China,
AUD/JPY declines to 73.47 during the early Asian session on Wednesday. The pair recently slipped below 61.8% Fibonacci retracement of its October-Dece
The Reserve Bank of New Zealand's governor, Adrian Orr, has said that both the economy and monetary policy are in a good position. More to come...
USD/JPY trades mildly positive to 109.90 during the early Asian session, ahead of the Tokyo open, on Wednesday.