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The euro fell to a six-week low on Wednesday after an upbeat assessment of the U.S. economy by Fed Chairman Jerome Powell boosted the dollar, while slowing euro zone..

Oil futures fell Wednesday, as the effects of a stronger dollar continued to pressure the commodity, while investors braced for supply data due later that’s expected to show a further build in U.S. stockpiles.

Having posted a session high level of 1.2242, the EUR/USD pair met with some fresh supply and drifted into negative territory for the second consecutive session.

The overnight bullish tone around the US dollar extended into Asia this Wednesday, as the dust settled over the new Chair Powell’s Congressional testimony, which cheered the hawks. However, the JPY bulls fought back control following the reports that the BoJ...

Asia-Pacific equities faded Tuesday, led by Chinese big caps, as buying appetite for global stocks appeared to be waning at the end of a roller-coaster month...

The continuation of the selling pressure around the greenback is helping EUR/USD to stick to the daily gains...

For the first time in his new role as the Fed chairman Jerome Powell will deliver semi-annual testimony before Congress...

A quiet Asian affair across the fx space this Tuesday, as a sense of calm prevailed in anticipation of the new Fed Chair Powell’s testimony, despite the risk-on rally in the Asian equities. As a result...

EUR/JPY is correcting away from the cliff edge and is currently, EUR/JPY is trading at 131.63, up 0.17% on the day, having...

There were wide gains of at least 0.5% for Asia-Pacific stock indexes. The rebound allowed benchmarks in Australia and Singapore to move back...

ECB Governing Council member Benoit Coeure was out on the wires last minutes, delivering the welcome address at the first meeting of the Working Group on Euro Risk-Free Rates, at the ECB, Frankfurt....

Gold prices edged up at the start of a new trading week and recovered around 50% of last week's losses of more than 1%, buoyed by a weaker greenback. Currently trading around the $1339-40 region, testing session tops, a fresh wave of US Dollar selling pressure was...

EUR traded within a surprisingly narrow range of 1.2278/1.2337 last Friday; the 59 pips is the smallest 1-day range since late December. Nevertheless, we continue to hold a ‘negative’ view on EUR and see...

EUR/USD is climbing ahead of the European markets, testing into 1.2325 as of writing. Risk appetite returned to markets to kick off the new week of trading, and the Euro has begun to claw back up the charts following a bounce from February's low of 1.2260.

The strong euro currency is a “point of attention” for policymakers at the European Central Bank, Belgium’s ECB Governing Council member Jan Smets said.The single European currency’s value increased by some...

The USD appreciated during the week against major pairs. The currency got a boost from the release of the minutes from the January Federal Open Market Committee (FOMC) meeting. The brief statement was slightly hawkish, but the full notes from the meeting revealed the US central bank upgraded its economic projections from those made in December and expects the 2 percent inflation target to...

The GBP/USD pair extended its retracement slide from the 1.40 neighborhood and tumbled to fresh session lows in the last hour, albeit quickly recovered few pips thereafter. It is turning out to be yet another volatile session for the major, which initially spiked to an intraday high level of 1.3995 but then retreated sharply closer to the 1.3900 handle on the back of incoming Brexit headlines.

Crude-oil futures Friday were marginally lower, but looked set to mark a second straight weekly advance, as bullish inventory reports underpinned bullish sentiment.

The shared currency stayed apathetic following the publication of January’s inflation figures...

Gold came under some renewed selling pressure on Friday and has now eroded a major part of previous session's goodish recovery...

The A$ has underperformed over the last week, down 1.8% versus the US$ and at 6 month lows versus the NZ$, points out Robert Rennie, Research Analyst at Westpac.

Forex today witnessed the resurgence of the US dollar demand across the board, prompting most majors to pause their relief rally, as Treasury yields regained poise, after a brief correction, ahead of the Fed’s bi-annual monetary policy report due for release later on Friday.

Spot managed to stage a moderate rebound after bottoming out in the 1.2260 region earlier in the session, all amidst some correction lower in the greenback, as sellers seem to be clustered above the 90.00 handle when measured by the US Dollar Index (DXY). Furthermore, the European currency stayed apathetic on the ECB minutes...

The dollar struggled for direction on Thursday, failing to build on the prior session’s rally that came after Federal Reserve minutes hinted interest rates.....

We highlighted yesterday that the mild downward pressure in EUR would increase further unless it can reclaim 1.2435. EUR slipped further in overnight trading and is pressuring the solid 1.2275 support at the time of writing. Downward pressure has clearly improved and the odds for further weakness...

Declines continued in global equities, with Asian markets largely building on the sharp selloff in U.S. stocks overnight that was stoked by fresh concerns about higher interest rates...

The Japanese currency stole the limelight across the fx space in Asia this Thursday, despite the FOMC minutes-induced rally in Treasury yields, as risk-aversion emerged the key theme after the Asian equities joined the Wall Street sell-off. Rising expectations of a faster pace of the US tightening pushed the Treasury yields higher across the curve, in turn...

The BOE Governor Mark Carney, while testify on inflation and the economic outlook before Parliament's Treasury Committee, said that...

Gold prices drifted near their lowest levels in a week Wednesday after being hit with their steepest retreat in more than a year a day earlier when the dollar strengthened. Financial markets are looking ahead to the afternoon release of Federal Reserve meeting minutes and another reading on the tone...

Following are the comments delivered by the ECB Governing Council member Vasiliauskas during an interview with Reuters today.

The greenback, in terms of the US Dollar Index (DXY), continues its march north on Wednesday and is trading closer to the psychological 90.00 handle.The index is advancing for the fourth session in a row today and confirming the solid start of the week after the recent sell-off to levels last seen more than 3 year ago...

The USD-buying theme remains the main driver across the fx space in Asia this Wednesday, as Treasury yields continued their run higher, awaiting the key FOMC minutes release. Among the Asia-pace currencies, the Aussie and Yen were the main losers...

After advancing to the area of 0.7930 during the Asian trading hours, AUD/USD met a wave of selling orders that forced it to not only give away those initial gains but also to retreat to the sub-0.7900 region, or fresh session lows...

Spot keeps the negative performance during the first half of the week, this time under extra pressure after the German ZEW Survey showed Current Conditions down to 92.3 while Economic Sentiment came in above estimates at 17.8, albeit lower than January’s 20.4...

Asian stocks were largely lower Tuesday, though Hong Kong equities rebounded from early weakness following the Lunar New Year holiday. The Hang Seng Index HSI, -0.78% slipped 0.3%, after earlier dropping as much as 1.3% when big financial stocks...

The US dollar upward correction remained the key underlying theme in Asia, as the demand for the buck returned amid thin volumes and minimal volatility on the back of China New Year celebrations. The latest upmove in the buck was mainly driven...

The greenback is posting moderate gains vs. its Japanese counterpart at the beginning of the week and is now collaborating with USD/JPY’s recovery to the 10.70 region, where sellers seem to have stepped in.After testing fresh cycle lows in the mid-105.00s on Friday, the pair managed to not only close with gains but also to extend the rebound to today’s tops...

Gold futures fell modestly Monday, giving up part of last week’s gain, as a steadier dollar weighed on the metal, and as the Presidents Day holiday in the U.S. gave many traders the session off.

EUR edged above the January’s 1.2536 top last Friday but slumped after briefly touching a high of 1.2555. The rally from late last week appears to be running ahead of itself and we are not convinced that the up-move can be sustained. The neutral phase that started more than a week is still intact and we view the current movement as part of a broad 1.2320/1.2555 consolidation range...

The EUR/USD pair quickly reversed an early European session dip to sub-1.2400 level and rebounded around 25-30 pips from session lows, albeit struggled to build on the rebound. The pair extended its Asian session retracement slide from 1.2435 level and slipped to an intraday low level of 1.2388 amid a modest pickup in the US Dollar demand...

Higher US inflation fails to spark dollar revival. The US dollar depreciated across the board versus major pairs despite consumer prices rising more than expected. Inflation anxiety had triggered a sell-off in global stock markets with the Fed expected to ramp up their interest rate hike path yet the dollar did not benefit as higher rates have already been priced in by the market.

Gold futures grasped at a narrow advance Friday and headed for a weekly gain of about 3% even as the bruised dollar index tipped higher and rebounding, if still turbulent, stocks headed for their best week in more than a year.

The now better tone around the greenback is forcing EUR/USD to abandon the area above 1.2500 the figure and return to the 1.2485/80 band. After climbing as high as the mid-1.2500s during the Asian trading hours – levels last visited in December 2014 – spot met a wave of...

In light of CME Group’s preliminary data for EUR futures markets, traders increased their open interest positions by more than 13.6K contracts on Thursday vs. Wednesday’s561,548 contracts.

The U.S. dollar fell again on Friday, stacking up the losses for the U.S. currency, which is on pace for its worst weekly performance in two years.

The Japanese Yen continued to steal the limelight in Asia, as the bulls cheered Kuroda’s nomination for the second term as a BoJ Governor while persistent broad-based US dollar weakness added to the USD/JPY downward spiral. Most majors benefited from the USD-dumping theme, although the Kiwi...

The Japanese Yen is extending the weekly upside vs. its American counterpart today, pushing USD/JPY to fresh lows in the 106.20/15 band earlier in the session. After falling to the 106.20/15 zone, spot staged a comeback to the 106.80 region following a rebound in the demand for the buck.

The AUD/USD pair surrendered a major part of its early strong gains to near 2-week highs and might now be headed towards the lower end of its daily trading range. The pair's latest leg of retracement of around 35-40 pips from session tops lacked any obvious catalyst and could be solely attributed to a modest...

Strong overnight stock gains in the U.S. and Europe continued in Asia on Thursday, though volumes in much of the region were capped by the coming Lunar New Year holiday. Chinese and South Korean markets are closed starting Thursday, joining Taiwan. Hong Kong, Singapore and Malaysia...

Oil were rallying again on Thursday, on the heels of the biggest one-day gain in more than two months, driven by a mild U.S. crude-inventory rise.

Gold climbed for the fourth day in a row and is currently placed at the highest level in nearly three weeks, around the $1355 region. Spot prices quickly reversed a knee-jerk fall to an intraday low level of $1317 on Wednesday and gained strong positive traction amid renewed US Dollar weakness...

The broad-based selling pressure around the greenback is now pushing EUR/USD to the area of fresh tops in the 1.2470/80 band.

After recording fresh 2018 lows in the 106.80 region during early trade, USD/JPY somehow managed to grab some buying attention and has regained the 107.00 handle and above afterwards. After clinching fresh 2018 lows in the 106.80 region during early trade – levels last seen in November 2016 – the buying interest surrounding the Japanese safe haven...

Asia-Pacific equity markets on Wednesday broke away from their recent lockstep trading, as the global stock rout over the past two weeks abated and local factors took center stage.

Gold trimmed some of its early gains to 6-day tops but has still managed to hold with minor gains for the third consecutive session. Spot prices touched an intraday high near the $1337 region and the up-move was being supported by some follow-through US Dollar weakness, which tends to underpin demand for dollar-denominated commodities - like gold.

The dollar faced fresh selling pressure on Wednesday, chiefly against the Japanese yen, which got a boost from economic growth data.Investors were bracing for an update on U.S. consumer price inflation later, which could have a significant bearing on the pace of the Federal Reserve’s interest rate increases.

The rally in shared currency remains well and sound so far this week, with EUR/USD posting moderate gains in the 1.2380 region early in Euroland. The pair is marching north for the third consecutive session so far on Wednesday, always against the backdrop...

The sharp moves in the stock market seen over the past 10 days remain “far away” from being large enough to spill over and damage the economy, said Cleveland Fed President Loretta Mester, on Tuesday.

The global rebound for stocks continued on Tuesday as Asian markets rose broadly once again, though gains eased as afternoon trading progressed.

The dollar fell against rivals on Tuesday, notably against the Japanese yen, as stock markets around the world showed signs of recovery from last week’s rout. The ICE U.S. Dollar Index DXY, -0.32% which measures the currency against its six main rivals, was down 0.3% at 89,898. The index saw its best weekly gain since December 2016 last week...

The European currency is extending its positive start of the week on Tuesday and is now lifting EUR/USD back above 1.2300 the figure. The generalized better mood around the risk-associated universe keeps weighing on the buck during the first half of the week, pushing spot further north of the 1.2300 limestone.

Forex today witnessed a calm Asian session this Tuesday, with limited macro news reported while risk sentiment continued to drive the fx space. The Australian NAB business confidence numbers jumped to nine-month tops, but failed to have any major impact on the Aussie. Meanwhile, RBA Assistant Governor Ellis speech was also ignored...

Gold futures rose on Monday, taking their cue from a weakening dollar even as global stocks appeared set to rebound from their worst weekly rout in two years and as bond yields resumed a steady ascent.

The European currency sticks to the positive territory so far on Monday, although rallies in EUR/USD appear so far capped around the 1.2300 handle. After briefly testing fresh multi-week lows in the boundaries of the 1.2200 handle during last week, the pair managed to...

EUR ended the day largely unchanged on Friday as it failed for the second time to move clearly below the short-term 1.2200 support (low has been 1.2204). While the recent weakness has stabilized somewhat, it is too early to expect a sustained recovery. As highlighted in the Chart of the Day update last Thursday (08 Feb, spot 1.2270)...

A turnaround in risk condition was witnessed in Asia on the first trading day of this week, with risk appetite returning to the markets, as reflected by rising Asian equities and oil prices. As a result, the higher-yielding/ risk currencies such as the AUD, NZD and GBP...

The US dollar had its strongest week against major currency pairs in twelve months. Even as the United States is suffering a bout of political uncertainty the dollar became a safe haven as stocks and bonds saw massive moves this week. The signing of a federal budget by US President Donald Trump boosted the dollar ahead of the release of retail sales and inflation data next week. Central banks are moving away from record low interest rates around the globe...

The snapshot of the gainers and losers in the currency market is a unique one today. The biggest movers all have a GBP attached to their currency pair name.

The European currency keeps the positive note at the end of the week, now motivating EUR/USD to extend the sideline theme around 1.2270.

Gold struggled to build on overnight rebound from near 5-week lows and has now retreated to the lower end of its daily trading range. Despite a modest weakness to $1315 level, the precious metal struggled for a firm direction and seesawed between tepid gains/minor losses...

Despite widespread risk-aversion in Asia this Friday, most FX majors were seen defying the risk-off flows and unimpressive Chinese inflation figures, as subdued trading around the US dollar...

We just shifted from a bullish to neutral stance yesterday and there is no change to the view. EUR is deemed to have move into a correction phase and despite the bounce from an overnight low of 1.2313, we continue to see room for a ‘test’ of the...

Dallas Fed President Robert Kaplan, continuing with his speech in Frankfurt, was further noted saying...

The GBP/USD pair broke its Asian consolidative mode to the upside in a bid to test the 1.4000 mark, but in vain, as the bear fought back control and pushed the rates back towards...

The greenback, tracked by the US Dollar Index (DXY), is alternating gains with losses on Wednesday around the 89.60 region. The index is posting losses for the first time after three consecutive daily advances, including fresh multi-day tops above the critical...

A strong early rebound in Asian equities cooled by midday, with large-cap Chinese stocks turning lower and gains crimped in markets such as Hong Kong.

The EUR/USD pair quickly retreated around 30-40 pips from session tops but has still managed to hold its neck above the 1.2400 handle. After an initial dip to one-week lows, around mid-1.2300s, the pair caught some fresh bids and...

The German central bank, Bundesbank (Buba), President and ECB Governing Council member Jens Weidmann is out on the wires now, via Reuters...

We highlighted yesterday that “a break of 1.2380 would serve as a pre-indication that a top is in place”. EUR took out this level without much difficulty as it plummeted to an overnight low of 1.2361. The subsequent weak daily closing in NY is enough to...

Asian stock markets fell sharply Tuesday, building on the heavy selling in the U.S. a day earlier. More declines loom for U.S. equities.

Jerome H. Powell, in a video statement, said that the central bank will stay vigilant on financial stability and...

The EUR/USD pair struggled to build on early up-move and has now retreated around 25-30 pips from session tops. The pair did attempt to build on its post-NFP rebound from the 1.2400 neighborhood and was being supported by a modest US Dollar retracement.

The global stock-market retreat continued Monday in Asia, with many indexes recording declines of at least 1%.

Gold consolidated Friday's downfall to over 2-week lows and was seen oscillating in a narrow trading band around the $1330 region. Friday's robust US jobs data raised prospects of at least three rate hike moves by the US Federal Reserve and prompted some aggressive selling around the non-yielding yellow metal.

While EUR lost ground against USD last Friday as other major currency pairs, the decline was relatively mild. That said, upward momentum is beginning to wane and in order to move into ‘fresh’ bullish territory, EUR has to...

US added 200,000 positions in January. The US dollar rose against major pairs on Friday. The release of the U.S. non farm payrolls (NFP) proved to be the much needed shot in the arm after the greenback was under pressure for most of 2018. The job gains were above expectations but more importantly...

ECB governing council member Francois Villeroy de Galhau was out on the wires in the last minute and said...

Stock indexes in Japan and South Korea suffered earnings-related hits Friday, with Samsung Electronics falling more than 4% after rival Apple’s latest quarterly financial results. Meanwhile, China’s benchmark index logges its biggest weekly loss since 2016...

EUR/USD's move after the U.S. jobs data will have major implications. Although EUR/USD moves on non-farm payroll days are usually relatively small today's data will be released with EUR/USD...

The US Dollar Index (DXY), which measures the greenback vs. its main competitors, is managing to stage a rebound to the 88.70/75 band after probing fresh weekly lows in the mid-88.00s during early trade.

Despite Goldman Sach’s upward revision to the iron-ore price-forecast and upbeat Australian PPI numbers, the Aussie remained under heavy selling pressure...

Gold futures slipped Thursday, finding little traction from a mostly weaker dollar even after the Federal Reserve said it expects inflation “to move up this year” in a sign it’s likely to hike rates at its next meeting in March. April gold futures GCJ8, +0.04% now the most active, traded at...

The rally in the Sterling is weighing on EUR/GBP today, which dropped to fresh daily lows in the 0.8720 region, where it seems to have found some decent support.The European cross is down for the third straight session so far on Thursday, always on the back of a persistent buying bias surrounding the British Pound...

The greenback, in terms of the US Dollar Index, has given back initial gains recorded in the wake of the FOMC meeting and is now retreating towards the 89.00 neighbourhood.

EUR/USD: Bullish (since 15 Jan 18, 1.2195): Rally taking a pause, EUR to consolidate for the next few days. No change in view.While upward momentum is beginning to wane, we continue to view the current movement as part of a short-term consolidation phase and another...

Forex today witnessed a sense of calm in the Asian trades this Thursday, as the dust settles over the FOMC policy decision, with the US dollar trading modestly flat in a tight range versus its main competitors, offering little impetus to most majors. However, the Yen...

The GBP/USD pair extended its steady climb from session lows and had a rather muted reaction to the ADP report. The pair retreated around 15-pips, albeit quickly recovered back to the 1.4175-80 region, after the latest...

The European Central Bank (ECB) board member Benoit Coeure was on the wires last minutes...

Continuing with its efforts to dispel market speculation, the Bank of Japan (BOJ) reassured to maintain its ultra-loose monetary policy...

Asia-Pacific shares broadly turned around early declines as President Donald Trump struck a mostly conciliatory tone in his first State of the Union address. After some of the biggest declines in several months Tuesday, indexes in Australia...