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Having peaked near 1.1780 levels in the Asian trades, the EUR/USD pair gradually extended lower, now flirting with daily lows struck at 1.1759 last minutes. EUR/USD trades below 20-DMA at 1.1779 The latest leg down in the spot is mainly driven by resurgent USD demand against...

Amid a pick-up in buying interest seen in Treasury yields and positive Asian equities, the USD/JPY pair continues to find support on 112 handle. USD/JPY re-attempts gains above 10-DMA at 112.28. The major is seen wavering back and forth in a 15-pips narrowing...

Equity markets in the Asia-Pacific region were slightly higher on Wednesday, building on Wall Street’s bullish performance overnight, though gains were being capped as a key meeting of China’s political elite kicked off. Regional investors were trading cautiously as the latest...

The greenback is prolonging its upside momentum during the first half of the week, now sending the US Dollar Index to the upper end of the range near 93.40. US Dollar bid on USTs: The index regained buying interest following the positive performance in

EUR/USD: Neutral (since 14 Sep 17, 1.1890): Recovery has room to extend higher to 1.1930. The rapid and sharp pull-back in EUR last Friday came as a surprise. However, as highlighted in recent updates, as long as the key short-term support at 1.1760 support is intact, there is room...

Risk-aversion emerged the main theme in Asia this Tuesday, with the Yen regaining ground against its American counterpart, following the warning issued by the North Korean UN ambassador. As a result, the Antipodeans also traded...

Economists believe the Bank of England (BOE) will hike rates in November and would maintain the status quo till the first quarter of 2017. The UK’s first interest-rate hike in over a decade will take place at the BOE’s Nov. 2 meeting, according to 76 percent of

The global stock rally showed signs of slowing Tuesday, with many Asia-Pacific indexes little changed ahead of the start of the Chinese Communist Party’s congress.One exception was Australia, where stocks rebounded thanks to stronger commodity prices...

The Canadian dollar has started the week with losses. In Monday’s European session, USD/CAD is trading at 1.2532, up 0.57% on the day. On the release front, there are no major events to start the week. Canada releases Foreign Securities Purchases and the US publishes the Empire State Manufacturing Index.

The EUR/USD pair remains heavily offers so far this Monday, now hovering near daily lows struck earlier at 1.1781 levels, as the political jitters surrounding the Catalan independence declaration continue to weigh down on the Euro. The spot extends its bearish momentum into a third day today...

Oil markets jumped on Monday on concerns over potential renewed U.S. sanctions against Iran as well as conflict in Iraq, while an explosion at a U.S. oil rig and reduced exploration activity supported prices there.Traders said that worries over renewed U.S. sanctions against Iran were pushing up prices.

Credit Agricole CIB FX Strategy Research discusses its outlook for the EUR, USD, and GBP for the week ahead. On the EUR front, CACIB notes that indications next week that this will be the likely course of events in Spain could help investors refocus their attention on the improving Eurozone fundamentals...

The EY ITEM (Independent Treasury Economic Model, a Club economic forecasting group based in the United Kingdom, is the latest to call for a delay in the Bank of England rate hike. As per BBC report, " the group called on the bank to...

Equity markets in Asia were broadly higher to start the week, with Japan’s benchmark index leading gains thanks to a weaker yen, as global risk appetite continued to improve. The Nikkei Stock Average NIK, +0.63% was up 0.8% — on track to close at another 21-year high...

The US dollar is trading lower on Friday after the consumer price index (CPI) and the preferred inflation metric the core CPI came slightly under expectations. Fed speakers had been divided in their comments leading up to the release. Doves thought it was a mistake to...

EUR/USD: Neutral (since 14 Sep 17, 1.1890): Recovery has room to extend higher to 1.1930. No change in view.There is not much to add as we continue to hold the view that the current recovery in EUR has room to extend higher to 1.1930. While it is early days still...

Gold surrendered all of its early gains to 2-1/2 week highs and has now dropped to the lower end of daily trading range, around $1292 level. The precious metal stalled its recent upsurge and seems to have faced rejection near the $1300 handle. A modest US Dollar rebound, backed by the latest hawkish comments...

The Japanese currency stays strong vs. its American peer at the end of the week, with USD/JPY managing to regain the 112.00 handle after a brief test of lows in the 111.90/85 band.Spot is down for the second consecutive session so far today, finding support in the critical 200-day sma around 111.80 and trading, as usual, in tandem with the performance of yields in the US money markets.

Credit Agricole CIB FX Strategy Research notes that as Eurozone political risks have been abating of late, investors are refocusing their attention on improving Eurozone data and the forthcoming October ECB meeting

ECB policymakers are in consensus to extend asset purchases at lower volumes in October meeting, views converge on 9 month extension.ECB policymakers still debate size of asset buys, see them between 25 bln and 40 bln euros per month. ECBs biggest debate...

Stocks showed little movement Friday as markets opened in the Asia Pacific region, but more new highs could be in store with Japan topping 21,000 for the first time since 1996. The Nikkei NIK, +0.23% rose 0.3% early, touching 21,032, even as the yen strengthened slightly.

After dropping to fresh session lows in the 1.1850 area on Thursday, EUR/USD has managed to regain traction and re-test the 1.18600/65 band. The pair is now exchanging gains with losses in the 1.1860 area after the greenback met some buyers around daily lows...

The availability of secured credit to households was reported to have increased slightly in the three months to mid-September 2017 (Chart 1). This was focused on borrowers with low loan to value ratios (75% or less) and was driven by...

The greenback, when gauged by the US Dollar Index (DXY), remains on the defensive today although it has managed to bounce off earlier session lows near 92.60. The index has been losing ground since last Friday, when it was rejected from multi-week tops....

Gold continued gaining positive traction for the fifth consecutive session and rose to its highest level in over two-weeks on Thursday. The precious metal extended its recovery move from last week's one-month lows and was being supported by persistent selling bias around the US Dollar, which dropped to a fresh over two-week low on Thursday. A weaker greenback tends to boost demand for dollar-denominated commodities.

Equity markets in Asia extended their gains on Thursday, taking cues from fresh overnight records set by key U.S. indexes as the earnings season kicks off.Strong earnings growth has supported major stock indexes this year, and some analysts said...

GBP/JPY breached the falling channel to the upside and clocked a high of 149.07 as investors ignore political uncertainty in the UK and focus on increasing the odds of a BOE rate hike in November. BOE Nove rate hike probability rises to 75%

In view of analysts at Deutsche Bank, the big focus today will be the FOMC meeting minutes from the September meeting (2pm local time). “Our US team believes inflation will be a heavily debated topic, but given the recent Fed speak, it appears that most voting members are...

In opinion of FX Strategists at UOB Group, the pair’s stance remains neutral with the possibility of testing 1.1930 in the next weeks. Our expectation for range trading was wrong as EUR surged to hit a high of 1.1825. The rapid advance appears incomplete and further...

BTMU FX Strategy Research notes that the GBP has started the week on firmer footing reflecting both a reduction in near-term political risk and building expectations of BoE monetary tightening."The announcement yesterday from the ONS that it had materially underreported unit labour costs has reinforced expectations that the BoE will begin...

Gold (XAU/USD) retreated from $1294 to $1284 levels in Asia as haven demand dropped after premier Carles Puigdemont pulled back from the brink of a full-blown unilateral declaration of independence for Catalonia and opened doors for last minute negotiations.At the time of writing, the metal was trading at the 4-hour 100-MA level of $1287.60

Analysts at HSBC offer a brief preview on what to expect from the minutes of the FOMC Sept meeting due to be published at 1800 GMT tonight . The FOMC announced in September that it would initiate its balance sheet normalisation programme in October, as described in the June 2017 addendum to the committee's "Policy Nomalization Principles and Plans"

The monthlong global stock rally continued early Wednesday, with Asian stocks mostly higher and Japan’s Nikkei making a fresh run at its best close since 1996. The markets seem to be comfortable with the U.S. Federal Reserve’s plan to remain on its rate-increase path, as it signals confidence that the economy there is accelerating, said Michael McCarthy, chief market strategist at CMC Markets.

Gold continued climbing for the third consecutive session and clocked 2-week highs, above $1290 level, during mid-European session on Tuesday. The precious metal was seen drawing support from global flight to safety on worries over a sudden outburst in tensions between the US and North Korea.

The buying interest around the British Pound is now picking up pace, lifting GBP/USD to fresh tops in the 1.3200 neighbourhood.

EUR/USD: Neutral (since 14 Sep 17, 1.1890): Shift to bearish if NY closing is below 1.1660. No change in view (low has been 1.1667). We have held the same view that the weakness in EUR has ‘scope to extend further to 1.1660” since last Wednesday (27 Sep). This level appears to be within striking distanc

The pullback in the EUR/USD pair from the high of 1.2092 seems to have bottomed out 1.17 levels despite the Catalan crisis. A minor drop to 1.1669 on Oct 6 was quickly undone even though the US-German 10-year yield spread continues to gain altitude. The spread currently stands at 191 basis points; the highest level since mid June.

South Korean equities led broad gains across the Asia-Pacific region on Tuesday, as investors there caught up with the global market strength following a long holiday. South Korea’s benchmark Kospi SEU, +1.87% was up 2% in early trade and approaching the index’s record high, after local markets were shut for all of last week and Monday. Driving gains was a 4.4% surge in heavyweight Samsung Electronics 005930, +4.41% , as traders rush to buy the stock ahead of the company’s third-quarter earnings report due on Friday.

The greenback is alternating gains with losses vs. its Japanese peer at the beginning of the week, taking USD/JPY to a consolidative theme around 112.60 for the time being.

U.K. stocks slipped back on Monday, losing grip on a two-month high as the pound recovered slightly and miners dropped.

Theresa May will tell parliament later that the UK can "prove the doomsayers wrong" when it comes to Brexit. he prime minister will say "progress will not always be smooth", but add that she wants the best possible deal for both the UK and the EU. Her statement comes as the fifth round of negotiations begin in Brussels.

Barclays Capital FX Strategy Research expects that the Eurogroup meeting on Monday could support the EUR as ministers will exchange views on possible future roles for the European Stability Mechanism.Beyond that, Barclays expects the EUR/USD to remain range-bound this week, while the EUR is...

Gold shrugs of a stronger dollar to post an impressive recovery, but it is silver’s rally that will have grabbed technical analysts attention Down, but not out, best describes gold’s price action on Friday. Having sold off to a low at 1260.00, gold staged a remarkable 18 dollar comeback to close at 1278.00

After global stock gains last week, the Asia Pacific region started Monday on an upbeat note, led by buying in China after a weeklong holiday there. In the first action following Golden Week, the Shanghai SHCOMP, +1.20% and Shenzhen 399106, +1.38% composite indexes, which have lagged behind the double-digit gains seen in much of the region this year, both rose more than 1%.

Dollar Flying After NFP Shows Strong Wage Gains. Hurricanes Hit Number of Jobs but Not Wages.The USD dollar is higher across the board against major pairs. The American currency posted weekly gains against major pairs, but had a mixed performance Friday in the aftermath of the release of the U.S. non farm payrolls (NFP) report. The expected impact of hurricanes in September manifested itself in the first negative NFP reading since 2010.

The selling interest is now resuming around the shared currency, sending EUR/USD to the area of daily lows near 1.1680.

We have held the same view that the weakness in EUR has ‘scope to extend further to 1.1660” since last Wednesday (27 Sep). This level appears to be within striking distance and from here, the odds for a sustained move below this level has increased.

According to Richard Franulovich, Research Analyst at Westpac, USD/CAD is showing tentative signs of topping out near 1.2500 but with the BoC now on the sidelines with its datadependent posture, the better part of USD/CAD’s bigger decline in the last six months is mostly complete, for the time being.

China’s steel production and consumption has surged to record levels in recent months – supported by strong profitability for steel mills.“Steel prices have been elevated due to strong demand from the construction sector and speculative inflows into futures markets.”

Stock markets in Asia posted broad gains Friday morning as Hong Kong’s benchmark index briefly reached its best level in a decade and Japan’s Nikkei moved closer to levels last seen in 1996. The latest leg higher for stock markets, including new records in the U.S., has been helped by fresh comments from central bankers interpreted in support of a December interest-rate increase. Fed-fund futures now show a 87% probability of an increase then, versus 78% on Tuesday, according to CME Group data

As per Wall Street Journal (WSJ) report, the Reserve Bank of Australia (RBA) board member Ian Harper sees scope for interest rate cuts if consumption across the economy loses momentum entirely.

Having test 100-day SMA support, gold regained some fresh traction and turned positive for the third consecutive session.

Analysts at Danske Bank point out that in the euro area, the ECB minutes for the September minutes are released at 13:30 CET and focus this time around is on hints regarding the expected QE changes ahead of the important meeting later this month.

EUR/USD: Neutral (since 14 Sep 17, 1.1890): Pull-back has scope to extend further to 1.1660. No change in view. We continue to anticipate EUR to extend its recent weakness towards 1.1660. While the odds for a clear break below this level are not high at this stage, they would improve quickly in the coming days unless EUR can reclaim the key resistance at 1.1820 (adjusted from 1.1850). The next support below 1.1660 is at 1.1615.

Tthe US ISM non-manufacturing composite rose to its highest level in 10 years as business activity, new orders and employment all rose.

Japanese equities struggled for direction early Thursday despite a weaker yen, even as other markets in the region were broadly higher. The Nikkei Stock Average NIK, +0.03% was nearly unchanged in morning trade at 20,619, with the market facing more resistance as the benchmark index nears its 2015 peak, which was the highest since 1996.

The selling bias around the greenback is now helping the ounce troy of the precious metal to clinch fresh daily highs in the proximity of $1,285.00.

Analysts at HSBC note that early in the September month, geopolitical tensions between the US and North Korea caused the JPY to rally and on 4 September, the JPY rallied almost 1% following the news on the weekend of 2/3 September that North Korea had tested a hydrogen bomb.

Analysts at HSBC note that the USD began the September month trending downwards, with the DXY index reaching its lowest level since January 2015 on 8 September and this USD weakness followed soft data and the further escalation of tensions between the US and North Korea.

With investors looking past the latest political turmoil in Spain, the EUR/USD pair was seen building on overnight tepid recovery move from 7-week lows. A modest US Dollar retracement, primarily led by some profit taking amid absent top tier economic releases, helped the pair to gain some positive traction.

Stocks in Asia-Pacific were largely higher in early action, building on fresh records for U.S. indexes overnight, with Hong Kong flirting with 10-year highs Wednesday. Hong Kong’s Hang Seng Index HSI, +0.73% jumped 1% at the open after logging a 2.2% gain on Tuesday

According to FX Strategists at UOB Group, USD/JPY remains bullish with the next target at the 113.80 region.

Analysts at ING explain that the combination of a conservative Poloz and flat GDP growth in July has seen a dovish BoC reality check in CAD markets.

After an initial uptick, gold turned lower for the third consecutive session and slipped below $1270 level to fresh 7-week lows.The prevalent bullish sentiment around the US Dollar, which got an additional boost...

According to the IMM net speculators’ positioning as at September 26, 2017, speculators’ net short USD positions increased to their highest level since April 2014 despite the hawkish signals from the Fed, notes the analysis team at Rabobank.

Asian equity markets were broadly higher on Tuesday, with stocks in Hong Kong and Japan leading gains to track overnight strength on Wall Street, thanks to upbeat U.S. data. The Hang Seng Index HSI, +1.70% opened the fourth quarter with a 1.6% gain, in part catching up to the region’s gains on Monday, when the city’s stock exchange was shut for a holiday. Markets in China and South Korea are closed for the entire week

Oil fell more than $1 a barrel to below $56 on Monday as a rise in U.S. drilling and higher OPEC output put the brakes on a rally that saw prices score their biggest third-quarter gain in 13 years.

Despite more positive long term momentum, daily indicators appear toppish as USD/JPY re-enters 2017’s central range (112-115), according to Tim Riddell, Research Analyst at Westpac.

Societe Generale Cross Asset Strategy Research notes that the recent rebound in bond yields led by the US, has delivered a relative bounce for the USD against its major counterparts.

The outcome of the Catalonia referendum vote and the resultant chaos continue to spook the sentiment around the Euro, with the EUR/USD poised for a fresh leg lower heading towards the European opening bells. EUR/USD breaks below the Asian low of 1.1770

Asian-Pacific equities opened higher Monday, benefiting from broadly upbeat sentiment and gains in the U.S. dollar, though several major markets in the region were shut for holidays.

EURUSD bears finally managed a daily close (5 pm EST) below channel support last week. We have discussed the potential for a shift lower since the pair carved out the September 8th bearish pin bar from 1.2040.

Dollar higher after Fed comments and Tax Reform proposal. The USD rebounded against majors in the last week of September. Hawkish rhetoric from the U.S. Federal Reserve and the Trump administration tax reform proposal boosted greenback ahead of a busy week that will be wrapped up by the biggest indicator in the markets the U.S. non farm payrolls (NFP).

EUR/USD: Neutral (since 14 Sep 17, 1.1890): Pull-back has scope to extend further to 1.1660.

The greenback is trading around yesterday’s closing vs. its Canadian peer on Friday, taking USD/CAD to the 1.2430 region ahead of key data.

Oil edged higher on Friday as tensions around Iraqi Kurdistan threatened the region’s crude supplies, helping Brent prices to their strongest third-quarter performance since 2004.

The EUR/USD jumped to a session high of 1.1809 in Europe even though the German 10-year bund yield declined by 2.9 basis points [bps] to 0.451%.

The AUD/USD pair is seen making minor-recovery attempts near the mid-point of 0.78 handle, as the Asian recovery in the US dollar appears to lose steam.

Global stocks continue to lack clear drivers as the September quarter comes to an end, with many market participants merely squaring up positions.

Underlying inflation dynamics not yet solid enough to durably support prices.

Governor Mark Carney said on Thursday the Bank of England could not be expected to nullify the likely hit to the economy from Brexit, although it could influence how that hit is spread across Britain.

The GBP/USD pair faded a knee-jerk spike to 1.34 neighborhood and quickly retreated to hit fresh session lows, in the 1.3350-40 region.

EUR/USD extended its overnight retreat from near 1.1770 levels into Asia, as the bears look to test 1.1700 levels ahead of the German CPI and US GDP figures.

Asian equities lacked direction early Thursday, with rising bond yields boosting finance stocks in Japan and Australia, though Chinese markets experienced selling pressure ahead of a week-long holiday.

Gold fell for a second-straight session Wednesday as stocks and the dollar aimed higher while markets awaited details on U.S. tax reform.

The upward cycle in the USD index is peaking after nearly six years as the downturn in the currency was sparked by the rebound in European and Canadian currencies in line with the strengthening economic sentiment in those regions, explains Taisuke Tanaka, Strategist at Deutsche Bank.

Oil prices rose on Wednesday, with the Brent benchmark hovering near a 26-month high hit in the previous session, after U.S. oil inventories unexpectedly declined as refiners raised output and amid threats from Turkey to cut crude exports from Iraq.

The GBP/USD pair remains heavily offered in early Europe, as the bears gear up for a test of 1.34 handle amid underlying broad USD demand.

Equity markets in Asia closed mixed on Tuesday, as traders assessed fresh threats from North Korea and weakness among key technology stocks, though Hong Kong stocks erased early losses as Chinese markets outperformed.

After an initial dip to mid-111.00s, the USD/JPY pair regained traction and might now be eyeing to move beyond the 112.00 handle ahead of the US data.

The euro slipped below $1.18 for the first time in over a month on Tuesday after its worst day this year, as investors worried that months of coalition talks in Germany could hit the economy and make closer euro zone integration difficult.

The EUR/USD pair stalled its Asian recovery mode and fell back into the red zone, with the bears now heading for the test of key support located at 1.1820 levels on the back of resurgent USD demand across the board.

Equity markets in Asia were lower on Tuesday, hurt by fresh threats from North Korea and weakness among key technology stocks.

For the week ending September 19, USD shorts increased by 36K to -131K ahead of the FOMC (the highest level of shorts since January 2013), notes the analysis team at RBC Capital Markets.

The outlook for the global oil market is improving and OPEC members will keep pressing onward until it balances, Barkindo said in a video message at a conference in Singapore on Monday. However, it’s not possible to say whether the deal will need to be extended until closer to expiry, Kuwait’s Oil Minister Issam Almarzooq said.

The European Central Bank will review its policy toolbox and withdraw some of the temporary stimulus measures once inflation adjusts in a sustainable manner, ECB Executive Board member Yves Mersch said Monday.

Gold came under some renewed selling pressure on Monday and eroded majority of Friday's tepid recovery gains from near four-week lows.

In opinion of FX Strategists at UOB Group, Cable keeps the bullish stance unchanged although further gains appears somewhat unlikely in the near term.

The USD/JPY pair surrendered majority of its early gains to mid-112.00s and has now retreated to the lower end of Asian session trading range.

The EUR/USD pair staged a solid comeback on 1.19 handle, reversing more-than half the German’s election outcome induced sell-off to 1.1898 levels, as attention turns towards the ECB Chief Draghi’s testimony and Fedspeaks due later on Monday.