something interesting

<  BACK TO Market Analysis

Forex Today

Forex-today_market-analysis_11-01-2018_FXPIG

Forex today was a quiet affair in Asia, with most majors sticking to tight ranges, consolidating yesterday rebound amid broad-based US dollar sell-off. The EUR/USD pair extended its previous rally and hit weekly tops above 1.2060 levels, as hawkish ECB minutes continued to underpin. Meanwhile, the Antipodeans showed a limited reaction to the upbeat Chinese trade report while the USD/JPY pair managed to keep the 111 handle amid mixed Asian equities and dismal Japanese current account data.

Main topics in Asia

Trump to extend sanctions relief to Iran - Bloomberg reporter on Twitter

Bloomberg news foreign policy reporter Nicholas Wadhams latest tweet reads as follows-

China’s Dec trade data (Yuan terms): Surplus widens on exports surge

China's trade balance for December, in Yuan terms, came in at CNY +362 bn vs +235.2 bn expected and +263.6 bn last. 

China’s Dec trade data (USD): Surplus unexpectedly widens

The China customs published trade balance for Dec in USD terms, reporting a big beat on expectations in the trade surplus.

S. Korean FinMin: Shutting down crypto exchanges needs more consultations

Following the latest update on cryptocurrencies, the South Korean Finance Minister Kim Dong-yeon was on the wires, via Yonhap, citing..

S. Korean government may release coordinated Crypto measures soon - Yonhap

South Korea’s news agency, Yonhap, is out with the latest news on cryptocurrencies, noting that the South Korean government may release coordinated crypto measures soon.

Key Focus ahead

There are no relevant macro data due to be reported in the European session, as the dust settles over the hawkish ECB minutes aftermath. The main market moving events for today remain the US CPI and retail sales that will be reported at 1330 GMT, followed by the releases of a couple of minority reports.

Amongst central bankers’ speeches, German Bundesbank President Weidmann and FOMC member Rosengren will be up on the rostrum in the NA session. Also, in focus will be the US rigs count data for fresh impetus on oil prices and the CAD.

EUR/USD clocks 7-day high above 1.2060

The common currency continues to defy gravity in Asia, as the ECB December meeting minutes released yesterday called for a gradual adjustment in the forward guidance to better reflect the improved growth prospects.

GBP/USD: 1.3600 back on sight ahead of US CPI?

The GBP/USD pair extended its rebound from eight-day troughs and went to hit fresh three-day highs at 1.3565 in the Asian trades, before easing back near the midpoint of the 1.35 handle.

Gold - Higher oil prices a boon or curse?

Brent oil hit $70 a barrel for the first time since December 2014. Will it have a positive impact on gold? As per textbook rules, oil price rally boosts inflation expectations, thus leading to higher demand for gold (inflation hedge).

US: Key economic events ahead - Westpac

Analysts at Westpac are out with a brief preview of the key macro events due on the cards from the US docket later today at 1330 GMT.

Source:fxstreet.com

Forex today was a quiet affair in Asia, with most majors sticking to tight ranges, consolidating yesterday rebound amid broad-based US dollar sell-off. The EUR/USD pair extended its previous rally and hit weekly tops above 1.2060 levels, as hawkish ECB minutes continued to underpin. Meanwhile, the Antipodeans showed a limited reaction to the upbeat Chinese trade report while the USD/JPY pair managed to keep the 111 handle amid mixed Asian equities and dismal Japanese current account data.

Main topics in Asia

Trump to extend sanctions relief to Iran - Bloomberg reporter on Twitter

Bloomberg news foreign policy reporter Nicholas Wadhams latest tweet reads as follows-

China’s Dec trade data (Yuan terms): Surplus widens on exports surge

China's trade balance for December, in Yuan terms, came in at CNY +362 bn vs +235.2 bn expected and +263.6 bn last. 

China’s Dec trade data (USD): Surplus unexpectedly widens

The China customs published trade balance for Dec in USD terms, reporting a big beat on expectations in the trade surplus.

S. Korean FinMin: Shutting down crypto exchanges needs more consultations

Following the latest update on cryptocurrencies, the South Korean Finance Minister Kim Dong-yeon was on the wires, via Yonhap, citing..

S. Korean government may release coordinated Crypto measures soon - Yonhap

South Korea’s news agency, Yonhap, is out with the latest news on cryptocurrencies, noting that the South Korean government may release coordinated crypto measures soon.

Key Focus ahead

There are no relevant macro data due to be reported in the European session, as the dust settles over the hawkish ECB minutes aftermath. The main market moving events for today remain the US CPI and retail sales that will be reported at 1330 GMT, followed by the releases of a couple of minority reports.

Amongst central bankers’ speeches, German Bundesbank President Weidmann and FOMC member Rosengren will be up on the rostrum in the NA session. Also, in focus will be the US rigs count data for fresh impetus on oil prices and the CAD.

EUR/USD clocks 7-day high above 1.2060

The common currency continues to defy gravity in Asia, as the ECB December meeting minutes released yesterday called for a gradual adjustment in the forward guidance to better reflect the improved growth prospects.

GBP/USD: 1.3600 back on sight ahead of US CPI?

The GBP/USD pair extended its rebound from eight-day troughs and went to hit fresh three-day highs at 1.3565 in the Asian trades, before easing back near the midpoint of the 1.35 handle.

Gold - Higher oil prices a boon or curse?

Brent oil hit $70 a barrel for the first time since December 2014. Will it have a positive impact on gold? As per textbook rules, oil price rally boosts inflation expectations, thus leading to higher demand for gold (inflation hedge).

US: Key economic events ahead - Westpac

Analysts at Westpac are out with a brief preview of the key macro events due on the cards from the US docket later today at 1330 GMT.

Source:fxstreet.com

lastest Articles

PAMM News
Managed Forex Accounts Daily Results (18.06.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Gold attempts rebound after marking 2018’s lowest settlement
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
Forex Trading Quote: Because trading seems difficult today
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
US Dollar gathers pace, flirting with 95.00
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD in a bearish mood as last week's selloff sees the pair struggling to recover to 1.33
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Weekly Update (11.06-15.06.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Forex Week Ahead: Dollar Higher After Fed Hike and Dovish ECB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (15.06.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
GBP/USD remains near 1.3300, consolidates weekly losses
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
AUD/USD struggles to recover its losses, stays near mid-0.74s
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
AUD/USD off lows, still in red near 1-month lows
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
Forex Trading Quote: You will always remember the trades
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
USD/JPY fails ahead of 111.00 mark, drops back closer to session lows
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD drifting below 1.3250 ahead of a thin Friday session
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (14.06.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Gold climbs toward highest finish in a month after ECB, Fed policy decisions
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD retreats from tops near 1.3450
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
Forex Trading Quote: Focus instead on those-eckhart
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Euro climbs, dollar slips with ECB decision on deck
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Asian markets swing lower after Fed rate hike
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (13.06.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Fed will raise interest rates - here’s what it will do to keep market calm
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
DAX moves higher ahead of Fed rate announcement
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Pound at Risk on UK CPI, US Dollar to Rise on Hawkish Fed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold Prices May Finally Break Trend Support on Hawkish Fed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (12.06.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Mr. Markets
Where do we go from here?
https://secure.gravatar.com/avatar/8b0332acc130dc650331fd558f82add2
Market Analysis
FTSE 100 pulls back, with investors underwhelmed by Trump-Kim pledge
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold prices drop in wake of Trump-Kim pact as attention fixes on interest rates
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Blow to Theresa May as U.K. minister resigns ahead of crucial Brexit vote
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
European stocks step lower as Trump-Kim pledge ‘lacks some detail’
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
Forex Trading Quote: Novice traders trade 5 to 10 times too big-kovner
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
AUD/USD Outlook Mired by Failed Attempt to Break Trendline Resistance
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (11.06.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
PAMM News
Managed Forex Accounts Weekly Update (04.06-08.06.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Gold holds to tight range ahead of North Korea summit, expected Fed rate action
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Trump Continues to Lash Out at Allies
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD a test of 1.35/1.36 remains on the cards – Commerzbank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/GBP faces upside prospects this week – Danske Bank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/JPY makes a run for 110.00 as risk appetite swings back into the Monday markets
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Market Events Ahead
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead: Dollar Struggles as Geopolitics and Central Banks Take Center Stage
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (08.06.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Pound rebound to be kept in check by Brexit talks: Reuters poll
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/CAD room for a move above 1.3100 – Scotiabank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
China: May trade surplus of just less than $25 bln - BBH
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/CAD stays above 1.3000 ahead of Canadian jobs
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
Forex Trading Quote:Never depend on single Income. Make investment to create a second source
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
EUR/JPY gains to 131.34/48 are not ruled out – Commerzbank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/GBP faces further upside very near term – Danske Bank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (07.06.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Sterling at two-week highs on broad dollar rout
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Mr. Markets
Simplicity; The art of success.
https://secure.gravatar.com/avatar/8b0332acc130dc650331fd558f82add2
Market Analysis
USD/JPY – Japanese Yen Edges Higher, Final GDP Next
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/JPY neutral, still within 108.50/110.50 range – UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
Forex Trading Quote:Trade within your ability and risk tolerance-pig insider
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
AUD/USD sticks to softer Aussie data-led weakness, downside seems limited
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD stays firm around 1.1800 ahead of EMU data
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (06.06.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
GBP/USD – Pound Slightly Higher, Investors Look for Economic Cues
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Dollar recovery seen as an earnings risk on horizon
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Canada: Ivey PMI drops to 62.5 to miss market expectation of 69.7
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
NZD/USD could advance to the 0.7080 region – UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
Forex Trading Quote: The game is my wife-pig insider
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
USD/JPY jumps to 2-week tops, testing 200-DMA hurdle
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD looks to consolidate the breakout of 1.1700
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (05.06.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Gold rebounds and approaches $1300
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/JPY Technical Analysis: breaks below 50-hour SMA, now seems vulnerable
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/JPY continues to push lower below 110 despite USD strength
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
FOREX Trading Quote:successful people-Buffet
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Sterling jumps after better-than-expected UK services data
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Dollar stabilises below last week's highs, supported by data, yields
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Aussie keeps losses post-RBA decision, UK services PMI on tap
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (04.06.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
USD/JPY advances to 109.70 as USD gathers strength on upbeat data
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD rejected near 1.3400 mark, surrenders early gains
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/CHF remains in red near mid-0.98s ahead of US data
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Sterling edges up against dollar ahead of construction PMI
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
Forex Trading Quote: Speculation - Livermore
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
EUR/USD faces a potential test of 1.1510 – Danske Bank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Aussie lifted by solid Australian data, UK construction PMI eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Weekly Update (28.05-01.06.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Market Events Ahead
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead: Dollar Rises as US Jobs Outperform Despite Trade Fears
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (01.06.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Dollar inches up on stronger-than-expected jobs report
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Sterling stuck near six-month low as strong UK data fails to dispel wider gloom
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/CAD neutral, within 1.2820-1.3050 near term – Scotiabank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Tech Targets: EUR/USD, AUD/USD, NZD/USD - UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
Forex Trading Quote:The game is my wife-PIG INSIDER
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
EUR/USD flirting with lows near 1.1670, Italy, Spain eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: USD bounces in Asia, UK manufacturing PMI, US payrolls eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (31.05.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Euro rallies as Italy crisis concerns take back seat
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/JPY remains capped below 109.00 handle ahead of US data
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/CHF stays oversold so far – Commerzbank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
Forex Trading Quote: If You Lose You-PIG INSIDER
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
GBP/USD creeps back into 1.33 as risk recovery drags the GBP along for the ride
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613