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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...

Forex today witnessed a busy and data-heavy Asian session today, with downbeat Australian CPI and Chinese manufacturing PMI reports knocking-off the Antipodeans lower. However, the bearish momentum soon lost traction, as resurgent USD supply following...

Oil prices edged down Tuesday for back-to-back session declines on renewed concerns about mounting U.S. crude production.On the New York Mercantile Exchange, March West Texas Intermediate crude CLH8, -1.45% fell 65 cents, or 1%, to $64.91 a barrel. Prices settled Friday at their highest since December 2014...

While upward momentum is beginning to wane, we continue to view the current movement as part of a short-term consolidation phase and another push higher towards the revised ‘target’ of 1.2570 is not ruled out just yet. That said, EUR has to move higher within the next couple of days or...

The GBP/USD pair reversed a dip to sub-1.4000 level and quickly rebounded around 50-pips from session lows, touched in the last hour. The pair extended its retracement slide from closer to mid-1.4300s, fresh post-Brexit highs, and momentarily...

Gold remained under some selling pressure for the second consecutive session and has now dropped to one-week lows, around $1335 level.The precious metal extended its steady decline from an 18-month high level of $1366, touched last week, and...

Forex today witnessed a bounce in the US dollar across its main competitors in Asia, as the greenback replicating Monday’s Asian moves. Broad-based US dollar rebound was mainly driven by a spike seen in 10-year Treasury yields to fresh 45-month tops.

The upbeat sentiment around the greenback is keeping EUR/USD in subdued levels at the beginning of the week around the 1.2400 neighbourhood.

The USD/JPY pair surrendered its early recovery gains to the 109.00 handle and retreated around 35-pips from session tops. Despite the ongoing upsurge in the US Treasury bond yields, a modest US Dollar rebound lacked any...

Bitcoin prices slipped on Monday, as the market weighed up news of a fresh crackdown on a cryptocurrency exchange in Japan after the biggest theft of digital assets since 2014.

Asian stocks pared gains by midday as the U.S. dollar lost some of its early momentum. China and Hong Kong shares turned lower, with declines in the mainland led by small-cap companies...

Disappointing US GDP and contradictory comments on currency strength at Davos burden dollar. The USD depreciated against majors as soft Q4 GDP numbers on Friday and mixed comments on the desired strength and weakness of the currency made at the World Economic Forum in Davos put downward pressure on the greenback. The Trump administration is pushing its tough stance on trade, but...

Danske Bank Research discusses EUR/USD outlook and thinks that the pair is prone for further medium-term strength through the coming months on the back of strong flows...

Gold prices continued to fall on Friday, after the dollar got a boost from comments by U.S. President Donald Trump. Prices began to fall on Thursday after CNBC reported that Trump said he wanted to see a stronger dollar and...

Bitcoin, the world's most traded virtual currency, extended its recent range-bound price action through the early European session on Friday. Currently trading around the $11K mark, down over 4% for the day, the digital currency...

President Trump came to Draghi's rescue in the late NA session yesterday, but Yuan played spoilsport in Asia. ECB's Draghi failed to talk down the EUR, but Trump's "strong dollar" gave a much-needed boost to the USD, leading to a drop in EUR/USD.

We mentioned yesterday that in order to revive the flagging momentum, EUR has to “stage a clear push above last week’s top near 1.2325 within these 1 to 2 days”. EUR blast past this level in a hurry and surged to hit a...

The USD/JPY pair now seems to have entered a bearish consolidation phase and was seen oscillating in a narrow trading range around the 109.00 handle. A strong bearish pressure surrounding the US Dollar eased a bit during the European session and...

NAB Research discusses EUR/USD outlook ahead of tomorrow's ECB meeting and notes that while the pair is is over 3.5% higher from since the last ECB meeting Minutes were released, its recent rally reflects the broadly weakening USD.

Asian stocks trended lower Thursday after the U.S. dollar slid overnight, pressuring export-reliant Japanese stocks. The ICE U.S. dollar index fell to levels last seen in 2014, after U.S. Treasury Secretary Steven Mnuchin said at the World Economic Forum in Davos, Switzerland, that “a weaker dollar is good for trade.”

Bitcoin, the world’s most traded virtual currency, is seen building on its last two days of rebound from $ 9900 levels, as markets continue to hold the interest in the digital currency and look to buy the dips, despite the concerns over the Asian regulatory clampdown.

The US dollar continued to lose ground across the board In Asia and went on to hit fresh three-year lows sub-89 handle, triggering a fresh buying-wave across all the majors. The Kiwi took this opportunity and staged a solid comeback, reversing more-than-half of the NZ CPI miss induced slide.

Bitcoin, the world’s most traded virtual currency, is seen making recovery attempts once again above the $ 11k mark, as the bulls struggle to make a comeback from this week’s slide to $ 9900 levels. As of writing, the spot jumps nearly 5% to $ 11,030, looking to retest yesterday’s high of $ 11,383.

Asian stocks mostly pulled back Wednesday, pausing from a rally in equities this month. Taiwan’s Taiex Y9999, -0.90% led the declines in the region, falling 1%, after recording its second eight-session winning streak in...

Gold continued gaining some positive traction through the early European session and is currently hovering around 4-month tops touched last week. The US Dollar sank to fresh three-year lows, below the 90.00 round figure mark and was seen benefitting dollar-denominated commodities - like gold.

The American dollar finds no love despite oversold technical conditions and slipped to a three-year low below 90.00 levels in Asia. USD/JPY reportedly ran through stops on USD longs placed below 110.00...

After hitting a high of 1.2322 last Wednesday (17 Jan), EUR has not been able to make much headway on the upside. Momentum has deteriorated further and the consolidation over the past few days amidst overbought conditions has increased the risk of an interim top. In order to revive the current flagging momentum, EUR has...

The GBP/USD pair extended its rejection slide from the key 1.40 psychological mark, fresh post-Brexit highs, and refreshed session lows in the last hour. A goodish pickup in the US Dollar demand, supported by...

The dollar moved slightly higher on Tuesday, taking a breather from its recent selloff as traders welcomed the end to the U.S. government shutdown. Meanwhile, the yen rose against all other major currencies after the Bank of Japan...

The USD/CAD finally broke out of its Asian session consolidation phase and refreshed session tops in the past hour, albeit remained capped below the key 1.25 psychological mark.A goodish US Dollar rebound, triggered by the Senate vote to approve a short-term spending bill to fund the government for another three weeks...

Asian stocks powered higher Tuesday, building on continued records in the U.S. as the earnings season there began strongly and as investors shrugged off risks at home. Indexes in Hong Kong, Japan and South Korea rose more than 1%; indexes in China, Australia and India, more than 0.5%.

The US dollar experience a bit of a bounce versus its main competitors in the Asian session, after the reports hit the wires that the US President Trump signed the funding bill, which ended a 3-day US government shutdown. As a result...

EUR hit a high of 1.2295 last Friday but dropped quickly to end the day near the low. Upward momentum has deteriorated further and we continue to see increasing risk of an interim top. That said, only a break of 1.2150 would indicate that a top is in place. Until then, another attempt...

The EUR/USD pair once again managed to catch some bids ahead of the 1.2200 handle and has now rebounded around 40-pips from session lows.The pair opened with a modest bullish gap at the start of a new week and was being supported by some positive development...

Market reaction in Asia after the partial shutdown of the U.S. federal government was muted Monday, with little movement in stocks and other asset classes.However, Samsung Electronics 005930, -2.19% fell as fresh caution grew about demand for rival Apple’s most expensive iPhone.

As of writing, the spot is exchanging hands at 1.3890. The 10-year yield clocked a high of 2.67 percent...

Central banks and growth indicators to feature alongside Washington Turmoil The USD dollar remains weak versus most majors due to the downward pressure from the threat of a government shutdown. The House of Representatives has passed a short-term funding bill, but it faces an uphill battle in the Senate with the midnight deadline fast approaching.

The USD/JPY pair stalled its descent near mid-110.00s and has managed to rebound around 15-20 pips from session lows. The greenback selling pressure remained unabated and kept exerting downward pressure...

Oil prices took a sharp turn lower on Friday on worries over record U.S. oil production, and after a major energy watchdog predicted shale producers would help drive production to levels not seen since the 1970s.

The GBP/USD pair slipped to the 1.3900 handle in reaction to disappointing UK retail sales data but quickly rebounded back to post-Brexit highs.The British Pound lost some ground after data released from the UK showed monthly retail sales posted its weakest reading since 2010...

The EUR/USD pair continued gaining some positive traction during the early European session and refreshed session tops, around the 1.2275-80 region in the last hour. The pair traded with a positive bias for the second consecutive session on Friday and has now recovered over 100-pips from...

As most Asia-Pacific stock markets look likely to end the week higher, Australia has underperformed with a noted drop in energy stocks.

EUR hit a ‘fresh’ high of 1.2322 yesterday but the subsequent rapid drop and the weak daily close came as a big surprise. The price action has resulted in an ‘outside bearish day’ and this suggests an increasing risk of an interim top...

After an initial dip to fresh weekly lows, gold staged a modest recovery to $1330 level and recovered part of previous session's steep losses. The precious metal stalled its corrective slide to the lowest level in nearly a week and was now supported by...

Bitcoin struggled to hold onto $11,000 on Thursday and to stabilize after a week that has so far wiped more than 20% off spot prices. Bitcoin’s spot price BTCUSD, +1.54% rose 0.2% to $11,165.89, after selling on Wednesday knocked it to...

The US Dollar struggled to build on overnight strong rebound and held with modest losses in a rather subdued trading action on Thursday. On Wednesday, the greenback staged a solid rebound from fresh 3-year lows and was further supported by...

Asia-Pacific stocks were higher Thursday, aided by strength in Chinese banks and regional tech companies, after equities hit fresh record highs on Wall Street overnight.

Forex today remained in a wait-and-see mode, with most majors consolidating the overnight moves while awaiting the Chinese macro releases. The Aussie nursed losses amid mixed Aus jobs data.

The immediate target of 1.2300 that was first highlighted on Monday (15 Jan, spot at 1.2195) was just exceeded at the time of writing (high of 1.2305). As highlighted previously, a break of 1.2300 would shift...

Gold prices held near four-month highs on Wednesday even as a stronger dollar made bullion more expensive for holders of other currencies. The price of gold has risen by about 8 percent since mid-December, helped by a weakening of the dollar to...

The cryptocurrency market has continued to slump over the past 24 hours, as major cryptocurrencies including Ripple, Ethereum, and Bitcoin Cash recorded over 20 percent in daily losses.Since January 15, the market valuation of cryptocurrencies declined from $700 billion to...

The USD/JPY pair held on to its strong recovery gains, with bulls now eyeing a move beyond the 111.00 handle for fresh impetus. After an initial dip to fresh 4-month lows, near the 110.20 region, the pair staged a smart recovery and so far...

Asian stocks were mostly lower Wednesday following a late selloff in U.S. equities and after some markets logged fresh highs Tuesday. Hong Kong’s Hang Seng Index topped 2007’s record-high close on Tuesday while Singapore’s main stock index breached 2015’s high, getting to levels last seen in 2007.

Forex today witnessed good two-way price movement in the US dollar versus its main competitors, with a solid comeback staged from multi-year troughs below 90 handle knocked-off most majors lower. Meanwhile, the EUR, AUD, and GBP were offered into the technical selling while the Yen...

We turned bullish yesterday (15 Jan, spot at 1.2195) and the ‘round-number’ target indicated at 1.2300 was almost met as EUR hit an overnight high of 1.2296. As highlighted, from a weekly chart perspective, there is hardly any significant resistance until 1.2780.

Bitcoin price dropped to a 2018-low during Tuesday’s morning trading (GMT), losing over $2,300 (Bitfinex) in a 17% fall in just under 3 hours. Dampened by regulatory scrutiny in Korea, home to one of the world’s biggest crypto markets, bitcoin and other cryptocurrencies continued their descent today.

The GBP/USD pair retreated farther from post-Brexit highs and refreshed session lows following the release of UK inflation figures. Currently trading around the 1.3770-65 region, the pair met with some supply after the UK consumer inflation, as measured by headline CPI...

The EUR/USD pair witnessed good two-way price movement so far this Tuesday, in the wake of broad-based US dollar rebound and German political headlines. The spot broke its bullish consolidation phase to the downside in early Europe and dropped as low as 1.2216 after the EUR was hit by the reports that...

The USD/JPY pair held on to its recovery gains through the early European session, albeit lacked any strong follow-through momentum and remained capped below the 111.00 handle.The pair stalled its recent downward trajectory and rebounded a bit on Tuesday, snapping 6-consecutive days of...

With the heavy selling pressure on the greenback remaining unabated on Monday, USD denominated pairs preserved their bullish momentum. The AUD/USD pair reached its highest level since late September at 0.7967 during the European session before going into a consolidation phase.

The EUR/USD pair caught a fresh bid tone and broke its consolidative phase to the upside, now printing fresh three-year tops near 1.2280 region amid aggressive selling seen in the US dollar across the board. The US dollar took a hit further against its major rival on a breach of January 2015 lows, triggering stops and...

Hong Kong’s stock benchmark declined on Monday and broke a 14-day winning streak, falling alongside Chinese equities after some downbeat domestic data. Other Asian stock markets logged gains in Monday’s session, after all three major U.S. stock indexes closed at record highs on Friday on the hope that...

The USD/CAD pair extends its losing streak into a third day today, as a beleaguered US dollar combined with surging oil prices continue to keep the rates near 3-day troughs near 1.2440.

Rumours surrounded this week went from shrinking Chinese appetite of US bonds, to speculation that the US would pull out of NAFTA and while real economic indicators on Friday showed stronger US inflation and retail sales it did little for the struggling US dollar. Economic growth outside of the US is accelerating and...

While we highlighted in recent updates that any weakness in EUR is viewed as part of a broader 1.1870/1.2050 consolidation range, the sharp and strong rally yesterday came as a surprise. The ‘hawkish’ ECB minutes sent EUR soaring above 1.2050 and the short-term pressure has...

The USD selling pressure remained unabated, with the GBP/USD pair now building on its strong bullish momentum further beyond the 1.3600 handle. Thursday's downbeat US economic reports, especially an unexpected drop in producer prices, continued weighing on the US Dollar and assisted...