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Forex today witnessed a volatile Asian session this Wednesday, as risk-off flows drove markets amid the North Korean headlines, renewed UK political tensions, and reports of an Islamist plot to blow up the UK PM May. Amongst the Asia-pac currencies, the Aussie was the biggest...

Asia-Pacific equities experienced fresh selling Wednesday following modest overnight declines in Europe and the U.S., as commodity prices added to ongoing softness. Tech stocks were key to Tuesday’s weakness in Asia and the up-to-3% overnight slide in metals prices added to pressure on Wednesday.

According to an article reported in the New York Times overnight, Chicago Fed president Charles Evans (voting member) seems in no hurry to raise rates in December

Gold extended its consolidative price action through the early NA session and remained confined in a narrow trading range around the $1275 region. With the US tax reform legislation still on the key agenda, a combination of diverging factors has failed to provide...

The EUR/USD pair quickly reversed a dip to 1.1840 level and has managed to bounce off around 20-25 pips from session tops. The pair had a good two-way move within previous...

GBP remains fragile amidst some renewed jitters over the Brexit negotiations, sparked after UK’s T.May and EU’s J.C.Juncker failed to clinch a deal at a meeting on Monday. In this regard, another meeting is expected at some point on Wednesday. In addition, the ‘Irish border’ issue still remains...

BoJ Governor Kuroda continues to speak to the media after his meeting with the Japanese PM Abe.

While the undertone for EUR has improved considerably with strong daily closing yesterday, it is too early to expect the start of a sustained up-move. That said, the current mild upward pressure could lead to a retest of the 1.1960 high...

Positive Brexit headlines lifted further the optimism among investors after UK’s PM T.May stressed that good progress has been made around Brexit talks, although more is needed. In the same line, an agreement on the ‘Irish border’ issue...

Credit Agricole CIB FX Strategy Research discusses the FX Market outlook into the coming week, noticing that markets will focus on the release of the US non-farm payroll numbers, along with the policy meetings of the RBA and BoC.

Broad-based US dollar strength was the main theme in Asia on Monday, in the wake of the US tax reform bill passage and faulty ABC reports on Flynn. The greenback witnessed a bullish opening gap and extended the...

Asia-Pacific stock markets had a largely muted start to the week, though some buying built into midday, as investors mulled over the U.S. Senate’s passing of a tax-reform proposal and the special counsel’s probe of President Donald Trump’s election campaign...

Reuters reports comments from the BoJ Governor Kuroda, as he speaks in the same forum as ECB’s Villeroy participated earlier.

Fundamentals and geopolitics to share spotlight on US jobs week.The USD was on a rollercoaster in the last week of November as the optimism surrounding the Senate tax reform bill was quickly eclipsed by the news that former National Security Adviser to the White House was prepared to...

Renewed selling pressure is hitting the Sterling so far today, with the almost logical profit taking sentiment kicking in following recent peaks in the mid-1.3500s and the strong upside seen in past weeks, Despite the current correction lower, Cable manages well to keep alive...

The AUD/USD pair faded early European session bullish spike to the 0.7600 neighborhood and has now surrendered a major part of its daily gains. The pair had a good two-way move on Friday and...

After two consecutive sessions with gains, the pair’s weekly upside faltered in the mid-1.1900s and is so far reverting a 4-week positive streak. Furthermore, spot gained around 4-big figures during November...

EUR/USD: Neutral (since 15 Nov 17, 1.1795): In a 1.1780/1.1930 range.EUR touched a high of 1.1960 earlier this week but has since staged a sharp retreat. From here, the prospect for a sustained move above 1.1960 appears to be quite slim. That said, the current...

Asia Pacific stocks were struggling by mid morning after a broadly higher opening Friday as Chinese equities weakened and pressured neighboring markets lower. After a jump for U.S. stocks overnight to a fresh record high amid optimism regarding

The EUR/USD rose above 1.19 handle and in the process left another higher low on the daily chart as the Eurozone employment and inflation numbers showed the 17-nation currency bloc is moving in the right direction...

The USD/CAD pair continued with its strong up-move for the fourth consecutive session and is currently placed at fresh 4-week tops, around the 1.2900 handle. The pair initially went sideways during the Asian session on Thursday but found enough buying interest near...

NAB FX Strategy Research discusses EUR/USD outlook, and makes a bullish case for the pair with 1.15 stands as the range's base and with topside likely to break above 1.2091 through 2018.

The greenback retained its strength against the Japanese Yen, now pushing the USD/JPY pair further beyond the 112.00 handle to fresh weekly tops. Against the backdrop of an upwardly revised US Q3 GDP print

The week’s global decline in technology stocks continued Thursday, weighing on Asian markets. Asian chip shares fell after fresh selling in the U.S. overnight, with the Nasdaq Composite falling 1.3% during a 4.4% slump in the Philadelphia Semiconductor Index, its biggest drop of the year...

Gold's decline from near $1300 levels to $1282 yesterday pushed the risk reversals gauge into the negative as expected.

The USD/JPY pair continued scaling higher through the early NA session and managed to move past the 112.00 handle post-US GDP revision. The US Dollar got a minor boost after the US GDP was revised higher to show economic growth of...

Citi Research discusses the technical outlook for EUR/USD and AUD/USD, expecting the 2 pairs to continue range-trading in the near-term...

The EUR/USD pair surrendered all of its early gains to 1.1883 and has now retreated over 50-pips from session tops, drifting into negative territory for the third straight session. A goodish rebound in the US Treasury bond yields helped ease some of the bearish pressure surrounding the US Dollar...

GBP has rallied by more than 1% overnight on reports that the UK and EU have in principle agreed a Brexit Divorce Bill – with a figure of EUR 60bn being floated around as the net liabilities the British government are willing to pay

Chinese and Hong Kong stocks fell again after initial Wednesday morning gains, as investors in Asia largely shrugged off North Korea’s latest missile launch. But some market focus has drifted temporarily from equities, as bitcoin cracked $10,000 for ...

The one-month 25 delta risk reversals gauge has shed bullish bias, which indicates that gold's repeated failure to scale the $1300 mark has not gone down well with the investors

The pair is pushing higher on Tuesday and is prolonging the rally beyond 1.2800 the figure backed by the persistent widening in US-CA yield spread differentials, particularly in the shorter end of the curve. All the attention around the buck keeps gyrating around the future steps of the US tax reform proposed by the White House...

New York Federal Reserve President William Dudley said Monday he still expects that a very strong employment sector will help push inflation up over time. But Dudley didn’t have much to...

A quiet Asian affair, with a mix of central bankers’ speeches dominating and driving the flows around the US dollar and Yen. As a result, the Japanese currency was the weakest, despite stalled US dollar recovery across its main competitors. Meanwhile...

Asia-Pacific stocks mirrored modest overnight declines in Europe and the U.S., though Japanese equities turned higher thanks to a pullback in the yen. Ahead of a busy set of events in the coming days...

Don't see any need to change 2% inflation target now; Hopes BoJ will continue bold monetary easing; Don't need to change agreement between BoJ and ...

European stocks set their sights on a one-week high, with bank and drug stocks aiding gains for equity markets in the region. But shares of Swiss private banking group Julius Baer Gruppe AG were rocked by the sudden resignation of its chief executive, effective immediately.

EUR regained some of the losses registered earlier this week but is still holding within our expected 1.1655/1.1860 sideway consolidation range. The undertone has improved considerably and a move above 1.1860 would not be surprising. However, only a clear break above...

Germany seems to be edging ever-so-slowly towards resolution of its political impasse, which is more than can be said of the UK or the US, according to Kit Juckes, Research Analyst at Societe Generale...

Credit Agricole CIB FX Strategy Research discusses how the race to bottom in global bond yield curves since the start of November has impacted the recent price action in the G10 FX market...

Asian stock markets started the week with fresh selling, with Chinese shares lower following Thursday’s slump and the Korean market weighed by heavy losses for Samsung Electronics...

The EUR bulls took a breather in Asia, leaving the EUR/USD pair in a consolidative mode near two-month tops of 1.1944, as focus shifts towards the Eurozone flash CPI estimate, US growth numbers and Fedspeaks due on the cards later this week for fresh...

December Fed rate hike priced in but fundamentals favour EUR. The US dollar depreciated on Friday touching a five week low against major currencies. The US Thanksgiving holiday truncated the week with European economic data outperforming US indicators. The US closed the week with disappointing...

After an initial dip to 1.3280 area, the GBP/USD pair regained traction and spiked to fresh multi-week tops (mid-1.3300s) in the past hour. A fresh wave of greenback selling interest emerged during the early NA session and has been one of the key factors driving the pair higher.

The EUR/USD pair held on to its upbeat German IFO-led up-move near 6-week tops and might now be eyeing a fresh bullish breakout above the 1.1870-80 region. The pair's up-move from one-week lows touched on Tuesday, got...

Following the comments from the European Commission (EU) President Juncker, the UK PM May is on the wires now, speaking to the reporters on arrival at a Brussels summit with ex-Soviet states...

The US FOMC minutes were out yesterday, and the ECB minutes overnight and the Fed minutes were interpreted as more dovish than expected, with “some” participants expressing concern about inflation not persisting, notes the research team at ANZ.

EUR/USD: Neutral (since 15 Nov 17, 1.1795): Improved undertone but bullish only if clearly above 1.1900. EUR regained some of the losses registered earlier this week but is still holding within our expected 1.1655/1.1860 sideway consolidation range...

Thanksgiving-light trading extended into Asia on the final trading of this week, with persistent broad-based US dollar weakness having caused most majors to consolidate in tight trading ranges. However, the Yen emerged the weakest across the fx board, despite solid Japanese manufacturing PMI report and negative Asian stock markets...

The USD/CAD pair jumped 50 pips in a matter of minutes and broke above the 1.27 mark after the data from Canada failed to meet market estimates. At the moment, the pair is trading at 1.1.2717, adding 0.17% on the day. The pair's unusually strong reaction to the data seems to be...

The buying interest around the European currency stays everything but abated in the second half of the week, with EUR/USD now testing fresh multi-day tops in the mid-1.1800s. The pair is prolonging its weekly upside to the area of 1.1850 on Thursday...

Gold prices edged lower through the early European session on Thursday and eroded part of previous session's strong up-move. The precious metal recovered majority of its weekly losses and jumped back to $1295 supply zone on...

EUR/USD: Neutral (since 15 Nov 17, 1.1795): In a 1.1655/1.1860 range. No change in view. EUR surrendered some of the gains made last week but the decline clearly lacks momentum. We continue to view the current price action as part of a neutral consolidation phase. In other words, EUR is expected to ...

Venezuela’s oil minister Eulogio Del Pino, while speaking in Santa Cruz, Bolivia, at the Gas Exporting Countries Forum that the oil market has finally found the balance, as inventories are declining..

Analysts at Barclays offer a brief preview on what to expect from the ECB monetary policy meeting minutes due to released today at 1230GMT...

EUR/USD keeps the bid tone intact on Wednesday and is now navigating the area around 1.1750 in the wake of US data releases. The pair continues to advance albeit at a snail pace after bottoming out in the boundaries of 1.1710 earlier in the week, always on...

The GBP/USD pair once again failed to break through 50-day SMA barrier and touched a fresh session low level of 1.3213 in the last minute. The pair now seems to have stalled its recent upward trajectory and came under some selling pressure after the UK government, in its Autumn Forecast Statement...

EUR/USD: Neutral (since 15 Nov 17, 1.1795): In a 1.1655/1.1860 range. EUR surrendered some of the gains made last week but the decline clearly lacks momentum. We continue to view the current price action as part of a neutral consolidation phase. In other words, EUR is expected to trade ...

After having witnessed a volatile session a day before, Bitcoin, the world’s dominant cryptocurrency, stalled its recent upmove just shy of $ 8200 mark. The spot is now in a consolidative mode so far this session, defending a minor bid on $ 8100 barrier...

Global stocks extended their rally early Wednesday in Asia, with technology shares fueling the gains. The region saw broad advances, with Hong Kong’s stock benchmark topping 30,000 for the first time in a decade, as the Hang Seng Index HSI, +0.50% continued its push toward late 2007’s intraday record of 31,958.41...

Broad-based US dollar softness was the main underlying theme in Asia, as politics and CB speech continued to remain the key driving force. Among the Asia-pac currencies, the Yen benefited the most, after the greenback was hit by Yellen’s cautious remarks on inflation and...

The EUR/USD pair retreated over 40-pips from session high level of 1.1758 and dropped to one-week lows during the early NA session on Tuesday. The pair failed to build on early up-move and came under some renewed selling pressure as investors continue to...

USD/JPY is navigating within a narrow range on Tuesday, finding quite decent support in the 112.40 area ahead of the opening bell in Wall St. The pair is struggling for direction following Monday’s strong advance, although extra gains above the...

EUR/USD: Neutral (since 15 Nov 17, 1.1795): In a 1.1655/1.1860 range. Despite the strong rebound in EUR last week, the price action is deemed as part of a neutral consolidation phase and not the start of a bullish phase. In other words, EUR is expected to trade sideways, likely within a broad 1.1655/1.1860 range...

Forex today was a mixed bag, with resurgent USD demand and mostly higher Asian equities driving the moves. Meanwhile, the RBA minutes turned out to be a big villain, souring sentiment around the AUD, with the Kiwi following the suit, little affected by better NZ credit card spending data....

The FOMC minutes (Wed) will continue to allude to diverging views within the committee and is unlikely inspire much upside in US rates or the USD this week, according to analysts at ING.

The GBP/USD pair trimmed some of its strong gains and retreated around 50-pips from 2-1/2 week highs touched earlier. News that the UK is preparing to increase its offer for the so-called EU divorce bill helped limit early losses, led by German coalition break down, and...

Having refreshed session lows near the 1.2755 region, the USD/CAD pair regained traction and might now be looking to make a fresh attempt towards conquering the 1.2800 handle. A modest profit-taking slide around crude oil prices was seen weighed on the commodity-linked currency - Loonie and helped the pair to bounce off around...

Goldman Sachs said it expects a tight U.S. labor market and more normal inflation picture will lead the Federal Reserve to hike interest rates four times next year. “The U.S. economy heads into 2018 with strong growth momentum and an unemployment rate already below levels that Fed officials...

USD/JPY crash-landed last week as a flight to safety took the yen higher across the board while markets remain concerned about the tax bill which is weighing on stocks. The US House voted 227-205 to overhaul the tax code. 13 Republicans voted no. However, the Senate Finance Committee's vote on tax reform will...

Credit Agricole CIB FX Strategy Research discusses the FX market outlook for this coming week, arguing that it should provide some relief for investors as economic and political calendars are light, with the US Thanksgiving holiday providing markets with a pause for thought...

EUR/USD has started out the week slammed dunked by the bears on the back of the German news where Merkel's efforts on forming the four-party government have hit a roadblock. The FDP has reportedly just walked out of Germany's coalition talks which would lead one to speculate that...

Politics drive dollar while fundamentals boost euro. The USD gained against commodity currencies but was soft against safe havens given the political situation in Washington. The Trump Administration scored a major victory with the Congress passing the tax overhaul bill by a vote of 227–205. The Senate proposal will be voted after ...

The EUR/USD pair continued with its struggle to sustain above the 1.1800 handle, albeit has managed to hold with modest daily gains through the early NA session. The pair met with some supply near the 1.1820-25 zone and failed to benefit from some bullish comments by the ECB President Mario Draghi. During a scheduled speech at the Frankfurt European Banking Congress, Draghi focused on...

After advancing to fresh multi-day tops around 1.3260, GBP/USD met a bout of selling impetus that briefly dragged it to sub-1.3200 levels. Cable accelerated the upside after breaking above the near term resistance line off 2017 tops seen in mid-September, today in the 1.3180 area, although gains appear so far limited around the 1.3260 region.

Analysts at Nomura expect Japan’s real economic activity to remain robust, though they view any upside risk as only limited and believe this also applies from a policy perspective. “Risks: The key risk to our view is renewed JPY appreciation caused by elevated geopolitical tensions or a deterioration in China’s economy and financial system...

Consolidates in up and down trading so far today. The EURUSD is consolidating in a narrow 33 pip trading range as the market decides higher or lower from here.

Analysts at Danske Bank suggest that today, we have a very light data calendar with no global market movers being released and focus will be on the ECB President Mario Draghi, who will be speaking again, followed by Bundesbank President Jens Weidmann later in the day.

The Federal Open Market Committee (FOMC) said in a statement late-Thursday, the Fed Chair Janet Yellen will testify on the economic outlook before the congressional Joint Economic Committee at 1500 GMT on Nov. 29th

The NZD/USD pair remained heavily offered through the early NA session and has now moved within striking distance of multi-month lows touched in late October. A sharp rebound in the US Treasury bond yields, supported by Wednesday's US economic data that showed an uptick in the underlying inflation, helped the US Dollar to stage a solid rebound and was eventually...

Gold futures drifted around the unchanged mark early Thursday, tracking a little-changed dollar index and firmer stock indicators that hinted equities markets would bounce back from the Dow’s 138-point drop a day earlier. December gold GCZ7, -0.05% fell about 10 cents, or less than...

The Bank of England (BOE) Governor reiterating his comments on Brexit from the ECB forum during an interview with ITV on Thursday. Key Quotes:

According to Peter Dragicevich, Research Analyst at Nomura, after following the pull-back in the wake of the cautious October ECB meeting, EUR is recovering. Key Quotes: “Although eurozone inflation pressures are subdued, the underlying growth pulse in the eurozone economy remains...

Forex today witnessed a better sentiment towards risk assets, tracking the risk-recovery seen on Wall Street and Treasury yields overnight. As a result, the US dollar extended its rebound across the board, leaving most majors on the back foot. However, the Aussie bucked the...

Global stock markets stabilized somewhat in Asia on Thursday, following broad weakness since the end of last week, with shares in Japan gaining after six straight sessions in the red. The Nikkei Stock Average NIK, +0.63% was up 0.6%, recovering from Wednesday’s 1.6% decline, though the index was still off 3.5% since closing at a 25-year high on Tuesday last week...

The pair gained extra upside traction today after US Core inflation figures gauged by the CPI rose above estimates at an annualized 1.8%, while headline retail sales expanded 0.2% on a monthly basis in October, also bettering prior surveys.

Gold continued gaining some positive traction through the early European session and was seen building on overnight recovery move from over 1-week lows.The greenback selling pressure remained unabated on Wednesday, with the key US Dollar Index dropping to...

The selling bias around the greenback continues to give oxygen to the upside momentum in EUR/USD, which is now stabilizing in the mid-1.1800s. The pair has quickly left behind the 1.1830 area today, which was an interim resistance and represents the highest level...

The AUD/USD pair has managed to recover some of its early lost ground to 4-month lows and might now be looking to build on the rebound beyond the 0.7600 handle. Investors seem to have digested today's disappointing Australian wages data, with a fresh wave of greenback selling pressure helping the pair to...

EUR/USD focused on ECB-speak, US data. The pair is up for the sixth session in a row today, navigating the area of multi-week tops at the same time and shifting its focus on the 1.1840 area, daily highs in late October just before the latest ECB meeting...

According to Yujiro Goto, Research Analyst at Nomura, investor interest in the BOJ leadership change has been increasing with media interviews (Bloomberg and Reuters) with Etsuro Honda, one of the possible candidates for the next governor, attracted market interest last week. Key Quotes: “Mr Honda argues that the BOJ needs a new leader to achieve its inflation goal...

Risk-off sentiment extended into Asia and emerged the key theme across the fx board, boosting the demand for the safe-havens Yen, CHF, and gold at the expense of the risk assets such as the equities, oil, GBP, and Antipodeans. The risk-averse market condition is mainly driven by...

Following a modest uptick on Monday, gold came under some renewed selling pressure and touched over 1-week low level of $1270 in the past hour. A fresh wave of global risk-on trade, as depicted by bullish trading sentiment across European bourses was seen...

The greenback, in terms of the US Dollar Index (DXY), is extending its erratic fashion during the first half of the week and is now hovering over the 94.50/45 band. US Dollar focused on yields, Yellen

A powerful combination of quite robust global demand growth, sharply lower US inventories, OPEC/Russia supply discipline and disruptions and increased geopolitical risks have prompted investors to take aggressive long positions of late, according to analysts at TDS. Key Quotes “Strong demand is expected to rebalance the global oil market in times of supply constraints. OPEC raised estimates for the amount

Analysts at TDS point out that we have a slew of Eurozone data today, with the highlight likely to be the first print of German Q3 GDP. Key Quotes: “Here we look for a 0.7% q/q gain, a bit stronger than...

Global equity markets were lower in Asia on Tuesday, as a pullback in commodity shares dragged Australia’s benchmark index lower, while tighter liquidity weighed on Chinese stocks. Commodity stocks have been key to the recent rebound for Australia’s underperforming equities market, helping the...

Gold futures ticked higher Monday even as a leading dollar index, which usually moves inversely to the yellow metal, traded in positive territory. Metals, currencies and interest-rate markets appeared to consolidate levels in early action after a...

The GBP/USD pair has managed to rebound around 30-pips from multi-day lows but was still seen struggling to move back above the 1.3100 handle. The British Pound fell sharply at the start of a new trading week amid speculation that the UK PM Theresa May could be...

The USD/JPY pair held weaker through the mid-European session and is currently placed at the lower end of the daily trading range, around 113.35-30 band. The pair struggled to gain any positive traction despite a goodish pickup in the US Dollar demand.