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Trading in the FX Market is more than just plotting indicators and placing an EA on a chart. Fundamentals are the catalyst and the driving force behind price moves, and if you aren’t keeping your ear to the ground, any one of a myriad of news events can seriously ruin your day. Bookmark this page to stay up-to-date on trending news and upcoming news events that affect your trading.

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Asian markets spooked by Gary Cohn’s resignation

Asia-Pacific stocks were broadly lower Wednesday with investors spooked by news that Gary Cohn would resign as President Donald Trump’s top economic adviser after he lost a...

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GBP/USD: Brexit transition deal on the cards, 1.4000 of back to 1.3480 uptrend?

After making a return trip from 1.3817 back through the 1.3877 European AM sell-off point, cable is looking fragile again, currently, trading at 1.3894, up 0.35% on the day, having posted a daily high at 1.3931 and low at 1.3817.

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Forex Tech Targets 06.03.2018:Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

We just turned neutral on EUR yesterday (05 Mar, spot at 1.2335) and there is no change to the view. The strong rebound from last week’s 1.2153 low is deemed as a ‘correction’ and not the start of a bullish phase. That said, the immediate bias is for a probe higher towards the top of the expected 1.2220/1.2430 consolidation range.

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Australia: Q4 GDP likely to print 0.5% figure - Nomura

Andrew Ticehurst, Research Analyst at Nomura, suggests that with the release of partial data for Australian economy this week covering inventories, profits, net exports and...

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NZD/USD hits fresh session tops, around mid-0.7200s ahead of GDT price index

Persistent worries over a possible global trade war, stemming out of the US President Donald Trump's recent proposal to impose steep tariffs on imported steel and...

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GBP futures: extra gains unlikely near term

In light of CME Group’s preliminary data for GBP futures markets, open interest decreased by more than 4.4K contracts on Monday - recording the third consecutive...

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Forex Today: AUD caps gains on poor Aus data, RBA, a light session ahead

We had an eventful Asian session this Tuesday, dominated by the Australian data dump and RBA rate decision amid risk-on market profile, as the US tariffs...

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British pound jumps on Brexit transition news, as dollar gives up gains

The U.S. dollar gave up its earlier gains during Monday’s session as the British pound jumped after Prime Minister Theresa May said a Brexit transition deal between...

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FOREX Tech Targets 05.03.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

Our recent bearish expectation (01 Mar, spot at 1.2185) was proven wrong quickly as EUR easily took out the ‘stop-loss’ at 1.2320 level last Friday (high of 1.2336). Despite the strong rebound from last week’s 1.2153 low, it is too soon to expect the start of a bullish phase. The current movement in EUR is viewed as...

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EUR/USD keeps 1.2300 on data, USD steady

The pair is struggling to extend its march north on Monday, while it seems to have found strong resistance at recent peaks in the...

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WTI rejected near $ 62 mark post-IEA forecasts

WTI (oil futures on NYMEX) stalled its upbeat momentum and reversed a part of the intraday gains, as the sentiment was dented following the release of the International Energy Agency (IEA) forecasts...

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AUD/USD off lows, still in red near mid-0.7700s

The AUD/USD pair maintained its offered tone through the early European session and is currently placed within striking distance of over 2-month lows set last Thursday. Despite the prevalent negative sentiment surrounding the US Dollar, the pair failed to attract any buying interest and was being...

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Forex Today: Euro hit by Italy hung parliament, UK services PMI eyed

The Euro witnessed a mixed start to the week, initially having received a boost following the weekend’s German SPD’s vote in favor of the coalition deal. However, the upside was short-lived as sentiment soured on the Italian election’s projected outcome of a...

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Eurozone: Politics and ECB - Danske Bank

The main events for the next day in the Eurozone, according to analysts from Danske Bank, are the Italian Parliamentary election being held and the results of the German SPD’s member vote on the coalition due to be released on Sunday.

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Forex Week Ahead: Dollar Retreats as Trade War Talk Escalates

The US dollar was set to end the week on a positive note after Fed Chair Jerome Powell testified twice and other Fed speakers signalled a hawkish view on the economy. The USD had appreciated on a weekly basis up until Thursday when President Donald Trump announced a 25 percent tariff on steel and 10 percent on aluminium imports. Markets reacted to the protectionist...

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EUR/USD recovers, ending week higher ahead of Super Sunday

EUR/USD is about to end the week trading above 1.2320, at the highest level in three days. The pair was able to...

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Gold off highs but firmly above $1300, consolidating near $1320

Gold peaked today at $1325/oz, reaching the highest level since Tuesday. After the beginning of the US session moved of highs and pulled back to $1317. Near the end of the week, it was hovering around...

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USD/CHF: Dollar bulls take profits after erasing most of the week’s gains

The USD/CHF is currently trading down 0.7% at about 0.9360 since it retraced sharply lower from yesterday’s highs seen at...

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Asian stocks drop sharply in wake of Trump’s tariff plan

Asian stocks fell sharply Friday, weighed down by greater fears of an escalation of trade protectionism after U.S. President Donald Trump announced...

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EUR/USD pushing higher, closer to 1.2300

The shared currency is extending yesterday’s recovery and is now lifting EUR/USD to the vicinity of the key...

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GBP/JPY: Guppy under pressure ahead of May’s speech as Japan’s inflation ticks higher

The GBP/JPY is trading down 0.4% at around 145.70 on Brexit-related uncertainties and the Japanese Yen...

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Forex Today: Asia risk-off at full steam, Theresa May’s speech, UK PMI - Key

Risk-off market profile prevailed in Asia at full steam, as the Asian equities tracked the overnight sell-off in their US counterparts, after the US President...

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GBP/USD: bulls looking to recover back to 1.3800, fade the rallies?

Trading within a heavy trend to the downside on Brexit concerns, GBP/USD is catching a bid on dollar weakening...

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EUR/USD catching a bid in a minor correction to 50-D SMA

EUR/USD is turning up the gas as we progress through the NY session with the DXY capped by the 55-D MA at 90.91 ahead of the 18 Jan high of 91.04. Currently...

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These 3 factors could wallop the euro and pound

Currency traders buckle up — the two biggest currencies in Europe are facing a volatile couple of days, with a trio of political events poised to shove both the euro and pound sharply lower...

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USD/CAD spikes above mid-1.2800s, highest since Dec. 20

The USD/CAD pair finally broke out of its Asian/early European session consolidation phase and refreshed session tops in the last....

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EUR/USD struggles below 1.2200 ahead of data, Powell

The demand for the single currency remains absent so far this week, forcing EUR/USD to drop to the area of 1.2180 earlier in the session, where it seems to have met some dip-buyers.

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Forex Today: Focus on Powell round 2 & US Core PCE release, trade tensions may escalate

The FX markets witnessed a classic risk-off action in the NY session as fears of faster Fed rate hikes saw Dow take a 380 point drop. The American dollar strengthened against most majors and gold but suffered losses against the Japanese Yen.

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USD/JPY weaker around 107.00, month-end flows keep weighing

The broad based bid tone around the greenback is not echoing in USD/JPY, which remains on the defensive gyrating around...

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EUR/JPY: extends losses below 200-D SMA, eyes now on 200-W SMA

EUR/JPY is making further ground below the 200-D SMA while the euro falls below the rising 50-D SMA and US stocks take a...

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Euro falls as dollar builds on gains, inflation slows

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..

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Oil prices slip further on dollar strength, supply worries

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.

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EUR/USD flirting with lows, around 1.2200 handle ahead of EZ CPI

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.

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Forex Today: Yen catches bid on BoJ JGBs trim, EZ CPI, US GDP on tap

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...

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Asian stocks turn lower, with China losses out in front

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...

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EUR/USD stays positive near 1.2320 ahead of Powell

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

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Fed: Powell’s semi-annual testimony before Congress in focus - Rabobank

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

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Forex Today: USD on the defensive ahead of Powell’s testimony, a busy session ahead

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...

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EUR/JPY: corrects away from a cliff edge around the 200-D SMA

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...

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Asian stocks post broad gains, with Nikkei shrugging off yen’s gain

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...

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ECB’s Coeure on the importance of euro interest rate benchmark reforms

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....

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Gold climbs to $1340 on weaker USD

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...

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Forex Tech Targets 26.02.2018 : EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

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...

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EURUSD catches fresh bids, eyes 1.2350 ahead of Draghi's speech

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.

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Strong euro a "point of attention" for ECB - Smets

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...

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FOREX Week Ahead: SD Fed Rhetoric to Drive Dollar

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...

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GBPUSD plummets to 1.3900 and rebounds sharply, a fat finger trade ?

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.

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#Oil on track for a second consecutive weekly rise

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

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EUR/USD unchanged around 1.2300 on EMU CPI

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

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Gold edges lower, weaker below $1330 on stronger USD

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

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AUD head towards sub 0.7800

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.

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Forex Today: Kiwi slumps in Asia, NZ retail trade ignored, Eyes on EZ CPI

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.

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EUR/USD unchanged on ECB minutes, upside capped near 1.2310

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...

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Dollar fights for direction as 10-year Treasury yield stay below 3%

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.....

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Forex Tech Targets 22.02.2018 : EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

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...

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Asian stocks largely slide following Wall Street selloff

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...

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Forex Today: Yen rebounds amid Asia risk-off, German Ifo, UK GDP eyed

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...

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BOE's Carney: Brexit remains the biggest source of uncertainty

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

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Gold weakness persists after biggest plunge in over a year

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...

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ECB’s Vasiliauskas: QE should be tapered, not ‘ended suddenly’

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

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US Dollar looks solid, targets 90.00 ahead of FOMC

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...

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Forex Today: Aussie, Yen – Main laggards in Asia, EZ PMIs, UK jobs – Up next

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...

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AUD/USD breaks below 0.7900, fresh daily lows

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...

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EUR/USD depressed around 1.2340, ignores mixed ZEW

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...

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Asian stocks beat a retreat; Nikkei fares the worst

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...

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Forex Today: DXY catches fresh bids in Asia, Eyes on German ZEW

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...

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USD/JPY recovery stalls near 106.70, FOMC on sight

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...

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Gold futures dip as dollar steadies

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.

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Forex Tech Targets 19.02.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

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...

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EUR/USD struggles near 1.2400 handle

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...

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Dollar Regains Ground Ahead of Fed Minutes

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.

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Firmer gold futures head for weekly gain

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.

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EUR/USD turned negative near 1.2480

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...

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EUR futures: upside remains healthy

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.

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Dollar heads for biggest weekly loss in 2 years

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.

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Forex Today: Yen pops, DXY drops in Asia, UK retail sales in focus

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...

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USD/JPY faded the spike to 106.80 on US data

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.

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AUD/USD retreats from 2-week tops, turns flat ahead of US data

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...

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Asian stocks leap before Lunar New Year holiday gets underway

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...

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Oil prices add to gains after best day in months

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.

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Gold climbs to near 3-week tops amid weaker USD

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...

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EUR/USD moves closer to 1.2500, fresh peaks

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.

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USD/JPY recovery extends to 107.50 ahead of US CPI

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...

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Asian stock markets go their separate ways before Lunar New Year holiday

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.

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Gold retreats from over 1-week tops, holds above $1330 level

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.

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Dollar’s descent carries on as U.S. inflation data looms

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.

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EUR/USD remains firm around 1.2380, US CPI eyed

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...

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Fed’s Mester: Economy will ‘work through this episode of market turbulence’

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.

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Japanese stocks drop, but other Asian markets follow global rebound

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

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Dollar slides vs. yen as investors weigh up recent stock gains

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...

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EUR/USD retakes 1.2300 and beyond

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.

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Forex Today: Yen regains bids in Asia, UK CPI - Key

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...

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Gold rises, despite equity rebound, as dollar softens

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.

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EUR/USD faded the bull run to 1.2300

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...

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Forex Tech Targets 12.02.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

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)...

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Forex Today: Risk-on back in Asia, BOE-speaks eyed amid light session

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...

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US Dollar Surges Amidst Volatility

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...

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It's all about the GBP today. Other pairs are little changed

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.

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EUR/USD stays bid, failed near 1.2300

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.

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Gold weakens to $1315 level, hangs closer to 5-week lows

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...

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