• Gold lacked any firm directional bias and seesawed between tepid gains/minor losses through the mid-European trading session on Monday. • Given Fri
Analysts at National Bank Financial suggest that for the Canadian economy, it’s going to be a busy data week which will feature Q1 GDP on Friday. Key
Analysts at Rabobank point out that on May 23rd, the Election Commission of India (ECI) announced that the Bharatiya Janata Party (BJP) led by Prime M
The Turkish Lira is prolonging its upside momentum at the beginning of the week and is now dragging USD/TRY to lows in the sub-6.04 zone. USD/TRY look
• The GBP/JPY cross struggled to capitalize on its early uptick to levels beyond mid-139.00s and has now dropped back within the striking distance of
The NZD/USD pair closed the previous week with small gains and started the new week in a calm manner and has been moving sideways in a tight 20-pip ra
Iris Pang, economist at ING, notes that China’s industrial profits fell 3.4% YoY YTD in April. Key Quotes “The fall in profits has continued since Nov
Following the Asian steady decline from the 59 handle, WTI (futures on Comex) is seen consolidating in a tight range below the 58.50 barrier, with the
According to analysts at Danske Bank, even as the EU elections saw shrinking support for established parties in many countries, the influence of Euros
• Improving risk sentiment weighs on CHF’s safe-haven status and helped regain traction. • The up-move seemed unaffected by a subdued USD price actio
In opinion of FX Strategists at UOB Group, USD/JPY could test the 109.20 region ahead of a potential moderate rebound. Key Quotes 24-hour view: “We in
These are the main highlights of the CFTC report for the week ended on May 21. Speculators increased their net shorts in AUD to the highest level sinc
Having faced rejection once again near the midpoint of 1.27 handle, the GBP/USD pair changed course and quickly eroded nearly 50-pips on increased anx
EUR/USD daily chart EUR/USD Overview Today last price 1.1198 Today Daily Change 24 Today Daily Change % -0.09 Today daily open 1.1208 Trends Daily SMA
• The ongoing slide in oil prices weigh on Loonie and helped gain some traction. • Subdued USD demand/holiday-thinned liquidity conditions seemed to
DXY daily chart Dollar Index Spot Overview Today last price 97.7 Today Daily Change 18 Today Daily Change % 0.10 Today daily open 97.6 Trends Daily SM
EUR/JPY daily chart EUR/JPY Overview Today last price 122.55 Today Daily Change 31 Today Daily Change % 0.08 Today daily open 122.45 Trends Daily SMA2
Reuters reports the latest comments from the Italian Deputy Prime Minister Matteo Salvini, with the key headlines found below. We must totally re-disc
• Improving risk sentiment weighed on the JPY’s relative safe-haven status. • Bullish traders seemed rather unaffected by a subdued USD price action.
Headlines are crossing the wires from the Japanese Deputy Chief Cabinet Secretary Nishimura, as he talks about a potential US-China trade deal. Nishim
In the view of the analysts at ING, the Chinese Yuan is likely to appreciate by end-2019 amidst a technology war. Key Quotes: “We also believe that US
The UK's opposition Labour Party's Finance Policy Chief McDonnell was on the wires earlier today, via Twitter, noting that his party must back a publ
• US-China trade tensions/subdued USD demand lend some support. • Slight improvement in risk sentiment kept a lid on any strong gains. Gold lacked an
Following the comments from the US President Trump and his Japanese counterpart Abe, the Japanese Chief Cabinet Secretary Suga is on the wires now, vi
The Westpac analysts believe that the Australian Bureau of Statistics (ABS) CAPEX survey of private business investment plans due on May, 30th, will p
There is room for EUR/USD to move higher and visit the 1.1230 region in the short-term horizon, noted FX Strategists at UOB Group. Key Quotes 24-hour
• The USD remains on the defensive amid growing bets for a Fed rate cut. • US-China trade tensions might keep a lid on any strong follow-through. The
Axel Rudolph, Senior Technical Analyst at Commerzbank, sees the cross facing initial hurdle in the 123.24/75 region. Key Quotes “EUR/JPY continues to
The sentiment around the shared currency stays mixed early in the European session, with EUR/USD orbiting without clear direction around the 1.1200 ha
More comments flowing in from the US President Trump, as he sheds some lights on the US-China trade relations while talking about North Korean missile
Alongside US President Trump, the Japanese PM Abe was also reported, as saying that he agrees with the US President to accelerate bilateral trade talk
Open interest in JPY futures markets shrunk by nearly 1.1K contracts on Friday, prolonging the erratic performance seen as of late. Same scenario arou
The US President Trump is on the wires now, via Reuters, addressing a joint press conference with the Japanese PM Shinzo Abe. Key Headlines: US-Japan
Reuters reports the recent comments from the UK opposition Labour Party leader Corbyn, as he backs the case for a general election or a second referen
CME Group’s flash data for GBP futures markets noted open interest advanced for yet another session, this time by around 3K contracts on Friday. In th
According to preliminary figures for EUR futures markets from CME Group, investors scaled back their open interest positions by around 4.7K contracts
FX option expiries for May 27 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.1100 1.1bn - GBP/USD: GBP amounts 1
Mexico Current Account, $ (QoQ) down to $-5.634M in 1Q from previous $-3.424M
FX Strategists at UOB Group believe Cable could now attempt a consolidative theme. Key Quotes 24-hour view: “While we held the view last Friday that “
Denmark Retail Sales (YoY) rose from previous 0.5% to 3.2% in April
The recent rebound from the 1.1110 area could extend further and test the 55-day SMA near 1.1240, according to Senior Technical Analyst at Commerzbank
Thomas Harr, PhD, Global Head of FI&C Research, Danske Bank, offers his thoughts on the global slowdown and its likely impact on the financial markets
In spite of trading at the highest levels in a week, GBP/USD upside is being challenged by overbought RSI and 200-hour SMA around 1.2745/50 while head
The analysts at Australia and New Zealand (ANZ) banking group offer a list of key event risks due on the cards in the week ahead from the New Zealand
Failure to clear important resistance confluence portrays, the USD/JPY pair's weakness ahead of Europe open on Monday.
Measured by the US Dollar Index (DXY), the greenback is looking for direction in the lower bound of the range near 97.60. US Dollar Index flat, looks
Livesquawk reports the latest comments from New Zealand (NZ) Finance Minister Robertson, as he says that the government will review the budget rules b
Japan Coincident Index below forecasts (99.6) in March: Actual (99.4)
Japan Leading Economic Index below expectations (96.3) in March: Actual (95.9)
With the pessimism surrounding global trade developments and greenback weakness joining EU election results, Gold prices are on the bids near $1287.30.
The GBP/USD pair is seen consolidating the overnight surge to 1.2755 levels, as the recovery mode remains intact on the 1.27 handle heading into quiet
EUR/USD is trading at 1.1214 at press time – the highest level since May 16 – despite the Eurosceptic parties gaining ground in the European Union (EU
Pullbacks from $59.00 portray WTI weakness that drags the energy benchmark to $58.50 ahead of European open on Monday.
The North Korean state media KCNA published a statement from the North’s Foreign Ministry, with the key headlines found below. “US National Security A
Greek Prime Minister and Syriza leader Alexis Tsipras has reportedly said that after the second round of the elections for the local administration on
Despite being on the bids around 122.75 during early Monday, the EUR/JPY pair is likely finding hard to extend the latest advances.
At press time, Japan’s Nikkei is reporting 0.14% gains and Australia’s S&P/ASX 200 is trading largely unchanged on the day. The Shanghai Composite ind
Reuters reports the recent comments delivered by the Bank of Japan (BOJ) Governor Kuroda at the T20 Summit. Kuroda delivered a speech titled “Global E
The Standard Chartered analysts offer their outlook on the USD/JPY pair, in the event of a full-blown US-China trade war. Key Quotes: “See a full out
The US investment banking, Goldman Sachs, expressed its take on the tightening US financial conditions, in its latest client note. Key Quotes: “Financ
The US President Donald Trump, on the third day of his state visit to Japan, said that he intends to discuss the matter of auto tariffs with Japan. Th
The US President Donald Trump on Monday said both the US and Japan will work out trade imbalances over time and may announce something on trade in Aug
NZD/USD closed at 0.6550 on Friday, confirming an upside break of the trendline connecting March 26 and April 17 high. Also, a close at 0.6550 validat
In an interview with Bloomberg, Huawei Technologies' founder and Chief Executive Ren Zhengfei noted that he would oppose any retaliation by China agai
EUR/USD has soaked up the European elections ahead of a U.K. and U.S. holiday making for a likely quiet Monday all around. Just taking a quick glance
Given the technical reasons joining soft prints of China’s industrial profits, AUD/USD struggles around 0.6935/40 resistance-confluence during early Monday.
The latest data published by China’s National Bureau of Statistics (NBS) showed that profits earnt by China’s industrial firms in April fell 3.7 y/y,
The US has called on China to limit the development of the state owned enterprises, but the world’s second largest economy sees the demand made by the
There is no need for the European Central Bank (ECB) to change its policy at present, even though there are signs of weakness in the Eurozone economy,
With the broad US Dollar (USD) weakness joining WTI pullback, the USD/CAD pair is nearly unchanged at 1.3440 during early Monday.
The People's Bank of China (PBOC) has set the yuan reference rate at 6.8924 vs Friday's fix of 6.8993.
USD/JPY is reporting modest gains this Monday morning in Asia, having registered losses in the previous three trading days. The spot is currently trad
Extending its gradual downturn since middle of last week, USD/CNH trades near 6.91 at the initial Monday.
Reuters reported that the environment minister Michael Gove, who is running to succeed Theresa May as prime minister, said on Sunday that Britain coul
Despite recovering a portion of Thursday's losses, oil prices saw their worst weekly performance of the year. Spot prices in WTI embarked on the 59 ha
News reports from China’s Xinhua, based on a new report on China's auto industry, said that automobile sales in China will unchanged in 2019.
With Trump's trade war taking a toll on US corporate Capex plans, investors have woken up to corporate balance sheet risks, Morgan Stanley analysts ha
With the results of EU parliament elections start rolling out, the EUR/GBP pair is taking the bids near 0.8810 in the initial hours of the Monday.
Gold prices were supported on the 20-D EMA as bulls line up for a test towards the channel resistance. Stochastics continue to lean bullish. Bulls ca
Having failed to successfully cross 200-day SMA, the USD/IDR pair presently tests 21-day SMA as it declines to 14,347 during early Monday.
Risk appetite picked up in tot he long weekend for US and UK markets with equities rebounding and aiding a recovery in commodity-FX. The big news came
Italian Deputy Prime Minister and Interior Minister Matteo Salvini was on wires, via Reuters, on early Monday.
In spite of breaking four-week-old trend-line resistance, the AUD/JPY pair needs to justify the strength of upside momentum by clearing a week-long resistance.
ING came up with its key takeaways from the European Parliament elections based on the official projections as of 11:15 pm CET.
Explained in a report from Reuters, China’s banking and insurance regulator said on Saturday it did not expect a persistent decline in the yuan and wa
Although failure to cross mid-month low questions AUD/USD buyers, the Aussie pair is taking the rounds near 0.6930 during early Monday.
The Telegraph is reporting The Brexit Party has stormed to victory in a number of other areas according to Britain Elects, including Wolverhampton whe
The Euopean election London results have been confirmed as follows: Liberal Democrats win 3 MEP seats. Labour 2 MEP seats. Brexit Party 2 MEP seats. G
Bloomberg reported that Beijing is committed to striking a trade deal with the U.S. but it’s ready to respond with more countermeasures, according to
With the early results of Britain’s EU election favoring Brexit party, the GBP/USD pair seems to fail to stretch recent recovery during early Monday.
With the fewer directives to guide early-week moves, the NZD/USD pair trades near 0.6550 at the beginning of the Asian session on Monday.
The Financial Times reports that this while the EU results are a setback, they are no catastrophe for Macron in EU poll.
First results from Leeds suggest Brexit party leading Britain's EU election... More to come...