Sonia Meskin, US economist at Standard Chartered, suggests that they have lowered their Fed funds target rate (FFTR) call for year-end 2019 to 1.75% (
Deutsche Bank analysts suggest that we’ve got the FOMC minutes from the July meeting out tonight and will be a key economic event for today. Key Quote
FX Strategists at UOB Group believe there is still scope for NZD/USD to slip back to the mid-0.6300s in the next weeks. Key Quotes 24-hour view: “Expe
Reuters reports the latest comments from the Chinese Foreign Ministry on the US-China trade issue, with the key highlights found below. US-China relat
It seems sellers have returned to the market on Wednesday and are now driving EUR/USD lower to the 1.1090/85 area. EUR/USD focused on FOMC, Italy The
Italy’s League party’s Economics Chief Claudio Borghi was reported by Reuters, as saying that Lega-Five Star coalition is still viable without Conte.
Meanwhile, technical indicators on the daily chart have been recovering from the negative territory and maintained their bullish bias on hourly charts
Ireland's Foreign Minister Simon Coveney is on the wires now, via Reuters, expressing his take on the current UK political/ Brexit scenario. Coveney s
In opinion of FX Strategists at UOB Group, a close above 1.2195 would indicate that the negative phase has ended. Key Quotes 24-hour view: “Expectatio
In its latest client note published on Tuesday, Upasana Chachra, Economist at Morgan Stanley India, made a downward revision to the FY 2020 Indian GDP
Karen Jones, analyst at Commerzbank, suggests that GBP/USD’s rally has started to erode the 20 day ma at 1.2157 after last week the market based at 1.
Prakash Sakpal, economist at ING, points out that Thailand’s external trade swung back to growth in July after several months of contraction this year
The AUD/USD pair edged up during the Asian session on Wednesday, albeit continued with its struggle to capitalize on the uptick and move back above th
According to TD Securities analysts, there will be plenty of focus on Italian politics today. Key Quotes “There was originally supposed to be a confid
In an interview with German television, German Finance Minister Olaf Scholz noted that there is no sign of a looming Eurozone crisis, in the wake of t
Germany's European Affairs Minister Michael Roth took out to Twitter last minutes, commenting on the Irish backstop issue. He tweeted: “Peace in North
Open interest in JPY futures markets increased by around 3.3K contracts on Tuesday, reversing at the same time three consecutive drops, according to a
The United States' representative for North Korea Stephen Biegun said on Wednesday that his team is ready to resume negotiations on denuclearization w
Karen Jones, analyst at Commerzbank, suggests that USD/CHF pair has been seeing an upside correction near term, the market saw a key day reversal on T
FX Strategists at UOB Group keep the bearish view on spot unchanged and expect a visit to 2019 lows in the next weeks. Key Quotes 24-hour view: “We hi
According to Danske Bank analysts, the main data release today is the FOMC minutes from the July meeting, which we get tonight. Key Quotes “A lot has
CME Group’s flash data for GBP futures markets saw open interest shrinking by jus 203 contracts on Tuesday. On the other hand, volume increased by nea
FX option expiries for Aug 21 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.1161 599m 1.1250 1.1bn - GBP/USD: G
Norway Labour Force Survey above forecasts (3.4%) in June: Actual (3.6%)
GBP/USD pulls back from the 21-day simple moving average (SMA) as it drops to 1.2150 heading into the UK open on Wednesday.
Here is what you need to know on Wednesday, August 21st: - US President Donald Trump has said that he is still not ready to make a trade deal with Chi
Lee Sue Ann, Economist at UOB Group, gave her views on the recent political events in Italy, including the resignation of PM M.Conte on Tuesday. Key Q
Comments are hitting the wires from the former Italian Prime Minister Renzi, via Reuters, as he says that he could be prepared to work with 5-Star Mov
According to preliminary figures for EUR futures markets from CME Group, investors trimmed their open interest positions by around 4.1K contracts on T
Reuters cites Japanese government officials with knowledge of the negotiations, as saying that hopes for a US-Japan trade deal in September are fading
Following its U-turn from the 21-day simple moving average (DMA), USD/CHF confronts 23.6% Fibonacci retracement of April-August declines.
According to Karen Jones, analyst at Commerzbank, EUR/USD pair remains on the defensive as the intraday Elliott wave counts suggests that intraday bou
Analysts at TD Securities note that the Italian PM Conte resigned last night, after a blistering attack on League leader Salvini in a speech to the Se
Wednesday’s Asian trading witnessed a sudden shift in the risk sentiment, as the demand for risk appetite returned, as reflected by the uptick in the
After a brief test to sub-98.00 levels during early trade, the US Dollar Index (DXY) has now reclaimed some shine and moves to the area of daily highs
Although fewer catalysts suggest receding trade/political tension, not to forget firm bearish bets for the Fed, Gold prices fail to extend the latest recovery.
Not only failure to hold on to the strength after flashing the yearly high, bearish signal by MACD also favors the USD/INR pair’s pullback.
According to ANZ analysts, global markets traded on little news flow as investors await guidance from central bankers into the end of the week. Key Qu
Rabobank analysts note that today we get UK public finances and Canadian CPI, and the later will be of more interest and is seen at 0.2% m/m, 1.7% y/y
Netherlands, The Consumer Confidence Adj declined to 0 in August from previous 2
Netherlands, The Consumer Spending Volume down to 1.7% in June from previous 2.4%
Bill Evans, analyst at Westpac, notes that the Australia’s six month annualised growth rate in the Westpac– Melbourne Institute Leading Index, rose fr
Despite German Chancellor’s comments renewing hopes of a soft Brexit, GBP/USD remains on a back foot as traders await key events.
EUR/USD rose 0.19% on Tuesday, ending the five-day losing streak. Tuesday's gains, however, could be erased if the Italian yields rise due to politica
The US-based Fitch Ratings published its latest report on the impact of the Chinese economic slowdown on the banks in the Asian developed markets, inc
AUD/JPY is reporting gains at press time, despite the losses in the Asian equities. As of writing, the currency pair is trading at 72.22, representing
Despite repeated bounces off 0.6400, NZD/USD remains below near-term key resistances as it takes the rounds to 0.6415 during early Wednesday.
The Nomura analysts, Sonal Varma and Aurodeep Nandi, said in their latest client note, the Indian economy is likely to slow down further to 5.7% in Ap
EUR/JPY is currently trading at 118.20, representing 0.25% gains on the day. The currency pair looks set to test 119.00 in the next 24 hours or so, as
Asian stocks are on the defensive on renewed recession fears ahead of the minutes of the July Federal Open Market Committee (FOMC). MSCI’s broadest in
The Scotiabank analysts offer a sneak peek into what to expect from Wednesday’s Canadian Consumer Price Index (CPI) report slated for release at 1230
The Sydney Morning Herald (SMH) quoted sources, who attended a private business event on Tuesday, citing the key comments delivered by the Reserve Ban
USD/JPY is better bid at press time, possibly due to an uptick in the futures on the S&P 500 index and Treasury yields. The pair is currently trading
Jeffrey Gundlach, Wall Street's bond king and Founder and Chief Executive Officer of DoubleLine, expressed his take on the recent US yield curve inver
With the escalating tension concerning Iran and a surprise draw in API stockpiles, WTI takes the bids to $56.15 during early Wednesday.
According to a Reuters poll of housing experts, a majority of the respondents believe that the house prices in both the UK and London are likely to ta
AUD/USD has been testing the bear's commitments in this phase of consolidation on a number of macro fundamentals which have given rise to a second thr
The White House officials are increasingly worried that a global economic slowdown will trigger a election year recession in the US and are weighing a
GBP/USD is flirting with the inverse head-and-shoulders neckline resistance of 1.2165 at press time. An inverse head-and-shoulders is a bullish revers
The Irish Times quotes "three people briefed on the contents of recent exchanges", as saying that the Irish Government has refused to engage in discus
Reuters reports the latest story carried by the Japanese news outlet, Yomiuri, citing that Japan will upgrade its estimate of North Korea’s nuclear we
USD/CNH trades near short-term key resistances as it takes the rounds to 7.07 during Wednesday’s Asian session.
The People's Bank of China (PBOC) has set the Yuan reference rate at 7.0433 vs Tuesday's fix at 7.0454.
EUR/USD gained 0.19% on Wednesday, snapping a five-day losing streak, however, the outlook remains bearish as the pair is trading well below the forme
NZD/JPY has been attracting bears overnight, seeking a break below 68 the figure, but bulls have stepped in again. The Bird has been under tremendous
Having failed to hold monthly high drags the USD/CAD again to 200-day simple moving average (SMA) as it trades near 1.3315 during early Wednesday.
The USD/JPY pair snapped a three-day winning streak on Tuesday with a bearish engulfing candle, as the US treasury yields fell. Notably, the US two-ye
USD/IDR takes another turn from a six-day-old resistance-line as it declines to 14,260 during Wednesday’s Asian session.
Australia Westpac Leading Index (MoM): 0.1% (July) vs -0.08%
Forex today was mixed, with a firm S&P, lower yields, lower Dollar but a higher euro despite Italian risks. We might have expected a bigger impact on
Following a ‘Doji’ formation on Tuesday’s daily chart, GBP/JPY remains modest as it makes the rounds to 129.24 during the Asian session on Wednesday.
Following its successful bounce off 10-day exponential moving average (EMA), Gold takes the bids to $1507 during the early Asian session on Wednesday.
While optimism surrounding soft Brexit helped the GBP/USD pair to rise on the previous day, the Cable retraces to 1.2165 amid initial Wednesday morning.
A larger than expected draw in crude oil inventory had no bearing on the price of oil today which has held onto the 56 handle despite yesterday's doji
EUR/JPY has corrected to the downside following the 119.60 reversal and rallies are sold at the descending resistance line from the same top to the 19
Even after breaking one-week-old symmetrical triangle formation, AUD/JPY clings to 23.6% Fibonacci retracement of late-July to early-August downpour.
With the mixed comments from the US policymakers confusing Aussie traders amid a lack of data at home, AUD/USD remains little changed.
RBNZ's Christian Hawkesby is crossing the wires and has said that the 50bps cut reduces the chance of an unconventional policy. Key comments: Monetary
United States API Weekly Crude Oil Stock fell from previous 3.7M to 3.5M in August 16
CNBC quoted the US Secretary of State Mike Pompeo while addressing a group of 40 business executives and free trade economists at a private lunch in New York.
Following recent comments from the US President and the Fed’s Daly, NZD/USD refrains from extending the previous recovery.
US stocks ended lower while geopolitical and macroeconomics keep the bulls at bay. The Federal Reserve's Jackson Hole Symposium later in the week and
South Korea Producer Price Index Growth (YoY): -0.3% (July) vs previous 0.1%
South Korea Producer Price Index Growth (MoM): 0% (July) vs -0.3%