Statistics Canada will publish the monthly retail sales report for September later this Friday at 13:30 GMT. Consensus estimates point to a modest 0.1
The bid tone around the Japanese yen continues to weigh on EUR/JPY, dragging it to the 119.90 region earlier in the day, where some support appears to
The GBP/USD pair held on to its weaker tone through the mid-European session on Friday, albeit has managed to rebound around 20 pips from weekly lows
Mexico 1st half-month Inflation above expectations (0.65%) in October: Actual (0.68%)
Brazil Mid-month Inflation below forecasts (0.16%) in November: Actual (0.14%)
Mexico 1st half-month Core Inflation registered at 0.16%, below expectations (0.19%) in October
The NZD/USD pair is having a difficult time making a decisive move despite the modest recovery witnessed on Friday. As of writing, the pair is trading
EUR/USD continues to fade the initial optimism and is now under pressure after being rejected from weekly highs in the boundaries of the 1.11 mark on
The key target of the European Central Bank's (ECB) monetary policy is inflation, noted the ECB Governing Council member and Slovak central bank chief
USD/JPY is seen grinding lower in the next weeks, with the next target at the 108.00 handle, noted FX Strategists at UOB Group. Key Quotes 24-hour vie
India FX Reserves, USD increased to $448.25B in November 11 from previous $447.81B
India Bank Loan Growth dipped from previous 8.9% to 8.1% in November 4
The index is now navigating the area of weekly highs at/around the key 98.00 handle. The gradual recovery from recent lows is also testing the 10-day
USD/JPY is seen grinding lower in the next weeks, with the next target at the 108.00 handle, noted FX Strategists at UOB Group. Key Quotes 24-hour vie
According to FX Strategists at UOB Group, the probability of a move higher in Cable appears somewhat mitigated for the time being. Key Quotes 24-hour
In view of Karen Jones, Team Head FICC Technical Analysis at Commerzbank, occasional bullish attempts in the European cross are seen meeting initial h
EUR/JPY remains within a multi-session consolidative theme and seems to be tracking the performance of the 21-day SMA, today at 120.43. The inability
The USD/CAD pair failed to hold above the 1.3300 mark on Thursday as rising crude oil prices and Bank of Canada Governor Poloz's hawkish remarks allow
USD/INR: Bears continue to guard the 71.90 barrier ahead of US data The Indian rupee rebounded sharply from daily lows of 71.87 against its American
The USD/JPY pair traded with a mild negative bias through the early European session on Friday, albeit remained confined well within a three-day-old t
WTI (oil futures on NYMEX) is seen moving back and forth in a 50 cents range above the 58 handle so far this Friday, as the bulls consolidate the rece
Market Wrap: Christine Lagarde, dire PMIs and oil prices We’ve been quite struck by the resurgence in oil prices over the past two days. WTI crude oi
In view of FX Strategists at UOB Group, extra weakness in the Aussie Dollar seems to have lost momentum, although a test of 0.6765 still remains on th
The Eurozone economy weakened further in November as services become more affected by the slowdown, and that's sparking more growth concerns, Bert Col
The intraday selling bias surrounding the British pound picked up some pace in the last hour and dragged the GBP/USD pair to fresh weekly lows, around
Japan’s Cabinet Office is out with its latest monthly economic assessment report, with the key headlines found below. The Japanese economy is recoveri
Cable’s continue its march north with the next target at 1.30 and possibly above, suggested Karen Jones, Team Head FICC Technical Analysis at Commerzb
United Kingdom Markit Services PMI came in at 48.6, below expectations (50) in November
United Kingdom Markit Manufacturing PMI came in at 48.3, below expectations (49) in November
The Indian rupee rebounded sharply from daily lows of 71.87 against its American counterpart in the European session, as the USD/INR cross now flirts
Gold edged higher on the last trading day of the week and recovered a part of the previous session's intraday slide, albeit lacked any strong follow-t
Gold technical analysis: Eyes support at $1,456 Gold prices could drop to support at $1,456, the candlestick pattern on the daily chart indicates. On
In opinion of FX Strategists at UOB Group, EUR/USD seems to have lost some upside pressure. Key Quotes 24-hour view: “While our view for EUR to “edge
More to come ...
European Monetary Union Markit PMI Composite came in at 50.3 below forecasts (50.9) in November
European Monetary Union Markit Services PMI below expectations (52.5) in November: Actual (51.5)
European Monetary Union Markit Manufacturing PMI above forecasts (46.4) in November: Actual (46.6)
China’s President Xi Jinping is back on the wires now, via Reuters, noting that China and the US should strengthen communication on strategic issues t
According to Karen Jones, Team Head FICC Technical Analysis at Commerzbank, dips in the pair are likely to meet contention in the 1.1040/45 band. Key
The shared currency has regained some poise at the end of the week and is now lifting EUR/USD to the area of daily highs in the 1.1075/80 band. EUR/US
According to William De Vijlder, the Group Chief Economist at BNP Paribas, risk has been considered by the IMF, the European Commission and others as
German Manufacturing PMI arrives at 43.8 in November vs. 42.9 expected.
Germany Markit Services PMI below forecasts (52) in November: Actual (51.3)
Germany Markit Manufacturing PMI above forecasts (42.9) in November: Actual (43.8)
While delivering a key note address at the European Banking Congress, in Frankfurt, on Friday, the new European Central Bank (ECB) President Lagarde
Germany Markit PMI Composite came in at 49.2, below expectations (49.4) in November
The USD/JPY pair struggled to gain any meaningful traction and remained confined in a 15 pips narrow trading band, just above mid-108.00s through the
Reuters reports the latest comments from the senior Chinese Diplomat Wang Yi, with the same rhetoric on the US-China trade issue. Key Headlines: They
France Markit PMI Composite came in at 52.7, below expectations (52.8) in November
France Markit Services PMI came in at 52.9 below forecasts (53) in November
France Markit Manufacturing PMI came in at 51.6, above expectations (50.9) in November
Robert Rennie, Head of Financial Market Strategy at Westpac, offered his take on the recent mixed messages over the prospects of a preliminary US-Chin
According to Carsten Brzeski, Chief Economist at ING Germany, consumption and construction saved the German economy from a technical recession in the
The AUD/USD pair struggled to register any meaningful recovery and held near the lower end of its weekly trading range, below the 0.6800 handle. The p
In the view of the analysts at Australia and New Zealand Banking Group (ANZ), the Reserve Bank of Australia’s (RBA) Governor Lowe’s speech next Tuesda
According to flash data from CME Group for JPY futures markets, open interest went up for the third session in a row on Thursday, now by just 396 cont
The first Preliminary readings of the UK Manufacturing and Services PMIs are due for release today at 0930GMT. The Preliminary UK Manufacturing PMI is
Argentina Trade Balance (MoM) came in at $1768M, above forecasts ($1300M) in October
Germany Gross Domestic Product w.d.a (YoY) in line with expectations (0.5%) in 3Q
Germany Gross Domestic Product (YoY) meets forecasts (1%) in 3Q
Germany Gross Domestic Product (QoQ) meets forecasts (0.1%) in 3Q
Amongst the Euro area economies, the German and the composite Eurozone PMI reports hold more relevance, in terms of its impact on the European currenc
Analysts at Danske Bank provided a brief preview of Friday's key PMI releases from the Euro-zone, the UK and the US. This along with the ECB President
CNBC News quotes a senior executive at the US Chamber of Commerce, as saying that "Phase One" trade deal may not be signed before the December 15 tari
BI refrained from acting on interest rate at its latest meeting and it is expected to keep the same stance in the next months, suggested Enrico Tanuwi
Open interest and volume in GBP futures markets increased on Thursday by around 2.4K contracts and 11.5K contracts, respectively, as per advanced read
Barnabas Gan, Economist at UOB Group, reviewed the growth outlook for Singapore. Key Quotes “Singapore’s third quarter economic growth expanded by a b
Investors scaled back their open interest positions by just 135 contracts on Thursday after two consecutive daily builds, according to preliminary fig
Michael Gordon, Analyst at Westpac, notes that “the Reserve Bank will be releasing its six-monthly Financial Stability Report (FSR) at 9am next Wednes
FX option expiries for Nov 22 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.1100 839m - USD/JPY: USD amounts 10
Senior Economist at UOB Group Alvin Liew assessed the recent publication of the FOMC minutes of the October meeting. Key Quotes “In the latest minutes
Analysts at Australia and New Zealand Banking Group (ANZ) provides a list of the key economic events of note in Asia next week. Key Quotes: “AU: Anoth
Analysts at ING ascertain financial risk while closely observing Hong Kong protests and market performance since the beginning of the violence.
The US Dollar Index (DXY), which gauges the greenback vs. a basket of its main competitors, is extending the gradual weekly upside to the 98.00 neighb
Analysts at Rabobank recently came out with their check of the United Kingdom’s (UK) opposition Labour Party manifesto that was released on Thursday.
China’s Pres. Xi: Wants to work out phase one agreement on trade with US, but not afraid of a trade war MOre to come ...
Here is what you need to know on Friday, November 22: US-Sino Relations: The US navy has carried out operations in the South China Sea, angering the w
Westpac’s Bill Evans keeps his view of a rate cut in February intact while also looking forward to the next week’s speech by the RBA Governor.
The TD Securities Analysts offer a brief preview of what they expect from the new European Central Bank (ECB) President Lagarde’s speech due this Frid
Mixed headlines on the US-China trade talks and a likely deal overnight translated into a cautiously optimistic trading environment in Asia on the fin
EUR/GBP fails to justify Monday’s Doji candle as the quote remains directionless around 0.8565 ahead of the European open on Friday.
Reuters reports the latest comments from China’s President Xi Jinping is on the wires now, via Reuters, with the key headlines found below. Long-term
EUR/USD has returned to range after failing to rise above 1.11. Is it set to fall? Not so fast. The charts marginally favor the upside. The Technical
Given the shift in the market’s trade sentiment, GBP/USD bucks the three-day-old downtrend while taking the bids to 1.2920 ahead of the London open on Friday.
Japanese ruling Liberal Democratic Party’s (LDP) official Seko was on the wires last minutes, via Reuters, noting that it is desirable for the governm
Based on its U-turn from 0.9870, the USD/CHF pair current takes the bids to the highest in eight-day while trading around 0.9940 during early Friday.
EUR/USD is looking heavy as per technical studies and may drop sharply if the new European Central Bank President Christine Lagarde sounds dovish in h
USD/INR weakens for the fourth day in a row as recent government measures from India, coupled with fresh trade/investment news, keep the Asian currency stronger
Speaking at a forum in Beijing, Ma Jun, the People's Bank of China's (PBOC) Monetary Policy Committee (MPC) member, said that there is more scope for
EUR/USD three-month risk reversals (EUR3MRR), a gauge of calls to puts on the common currency, rose to the highest level since January 2018 on Friday,
Reuters reports the latest headlines, citing that China has reportedly asked its big banks to increase loans to the manufacturing sector.
Following its drop to the weekly low, AUD/USD recovers from a multi-week-old support trend line while taking rounds to 0.6785 during early Friday.
Asian equities are lacking a clear directional bias on Friday amid mixed headlines on the US-China trade. Currently, Japan's Nikkei is trading 0.5% hi
While speaking to Bloomberg, Kim Eng Tan, Senior Director of sovereign ratings at the ratings firm, S&P Global Ratings, Hong Kong's unique access to m
In a recent interview with China’s state news agency, Xinhua, Roberto Azevedo, Director-General of the World Trade Organization (WTO), made some comme
Amidst ongoing US-China trade and political chaos, we have fresh headlines on the geopolitical front after Reuters reported earlier today that two US
Bank for International Settlements (BIS) on Friday said it is not a question of fiscal policy per se, but of wise fiscal policy and added further that
According to a Reuters poll of property market analysts, the recent interest rate cuts by the Reserve Bank of Australia (RBA) and another rate cut exp
Gold prices could drop to support at $1,456, the candlestick pattern on the daily chart indicates. On Thursday, the yellow metal closed below $1,466 –
USD/CAD remains under pressure following its pullback from six-week-high. The quote takes rounds to 1.3280 by the press time of the Asian session on Friday.
More comments are crossing the wires from the Japanese Economy Minister Nishimura, as he speaks on Friday at a news conference. Japan’s exports and pr
NZD/USD is currently trading at 0.6406 within range of 0.6398 and 0.6408. The pair was 15 pips over 24 hours, around 0.6400 overnight is unlikely to b
AUD/JPY is reporting marginal gains at press time, having defended key support for a third straight day on Thursday. The currency pair is currently tr
China Stats Bureau Revises 2018 GDP Higher By 2.1%. Key note: Revision Will Not Have Any Major Impact On 2019 GDP Growth More to come...
In the view of Goldman Sachs’ Australia Chief Economist, the Reserve Bank of Australia (RBA) rate cut Is likely but the central bank will refrain from
USD/IDR offers no major moves while trading below key resistances. The quote seesaws near 14,095 by the press time of early Friday.
The People's Bank of China (PBOC) has set the Yuan reference rate at 7.0306 versus Thursday's fix at
WTI buyers cheer the latest price positive sentiment at the OPEC+ and geopolitical tension concerning Iran amid a lack of major catalysts on early Friday.
Japan economic minister has stated that they have to continue paying attention to the employment and income situation. Additional comments: The global
China's offshore Yuan (CNH) exchange rate could gain altitude as the USD/CNH's 4-hour chart shows the pair has formed a bearish pattern. The bounce fr
Reuters reports that President Donald Trump wants an impeachment trial to go forward in the U.S. Senate: Trump wants an impeachment trial to go forwar
At the time of writing, USD/JPY is flat around 108.60 trading ina narrow 10-pip range following a mixed session overnight for financial markets. where
EUR/USD could face strong selling pressure below key support of 1.1052. The pair created a bearish hammer on Wednesday. That candlestick pattern is wi
Bearish candlestick pattern doubts the GBP/USD pair’s latest recovery as the cable takes the bids to 1.2920 during Friday’s Asian session.
Japan Jibun Bank Manufacturing PMI came in at 48.6 below forecasts (48.7) in November
Following its first negative daily closing in the week, Gold prices cling to 100-day EMA while flashing $1,465 as a quote during Friday’s Asian session.
US Pres Trump's Pick For The Fed, Judy Shelton, Said To Have Cast Doubt On The Independence Of The Central Bank More to come...
EUR/JPY has morphed into a sideways drift along the support of the 50-day moving average while hugging the 21-day moving average. In early trade, the
USD/INR remains below near-term resistance line while still managing to trade beyond 50-day EMA.
Japan October CPI was expected to tick up fractionally, to 0.3% YoY overall, 0.6% YoY ex-fresh food & energy. The data arrived as follows: Japan CPI (
Japan National CPI ex-Fresh Food (YoY) meets forecasts (0.4%) in October
Japan National CPI ex Food, Energy (YoY) registered at 0.7% above expectations (0.5%) in October
Japan National Consumer Price Index (YoY) below forecasts (0.3%) in October: Actual (0.2%)
GBP/JPY carries the previous three-day trend forward while staying negative during the Asian session on Friday.
AUD/JPY keeps it low after the Australian Purchasing Managers Index (PMI) data while taking rounds to 73.73 during early Friday’s Asian session.
AUD/USD gyrates near the last-Friday levels after Markit/Commonwealth Bank published monthly Purchasing Manager Index (PMI) data.
Australia Commonwealth Bank Composite PMI dipped from previous 50 to 49.5 in November
Australia Commonwealth Bank Manufacturing PMI came in at 49.9, above forecasts (49.8) in November
Australia Commonwealth Bank Services PMI came in at 49.5, below expectations (53.5) in November
USD/JPY is trading above the 108.00 handle and the 50-day simple moving average (DMA) on the daily time frame. Over the last 2.5 months, the spot has been grad