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The buying interest appears to have returned to the single currency in the second half of the week, with EUR/USD trading close to the area of 1.1140, or daily peaks...

The Euro has been surging lately on the back of a big uptick in FX volatility due to the coronavirus. Finally, we are seeing some major momentum out of the single-currency, which is an encouraging sign going forward for trading...

US President Donald Trump noted that the Reserve Bank of Australia lowered its policy rate to 0.5% to battle the economic slowdown amid the coronavirus outbreak and called upon the Federal Reserve to make a big interest rate cut...

"We have a very tight labour market but this is not the only factor for inflation," Bank of England (BoE) policymaker Silvana Tenreyro explained on Tuesday. "There is strong competition in the retail sector and declining business markups are weighing on inflation...

Public Health England has recently announced that they have a confirmed case of coronavirus infection in south London after a member of staff at Wimbledon College became infected in Italy, as reported by Sky News...

Volatility has picked up around EUR/JPY on Monday, always looking to developments from the Chinese coronavirus for near-term direction...

Fears of coronavirus pandemic spreading delivered a global equity rout that took all the major indexes into correction territory with some seeming poised to enter a bear market. Volatility is back in a big way as...

Markets are not going to pay much attention to the Tuesday results. The nomination is five months away and the Coronavirus has the full attention of traders everywhere...

Vitas Vasiliauskas, a member of the European Central Bank, has said that the Governing Council may call an extraordinary meeting to decide on a response to the coronavirus outbreak...

Even gold has come off slightly over the week, with palladium the sole metal posting gains. As for the others, it has been especially brutal for energy commodities (i.e. oil)...

The coronavirus outbreak has increased the uncertainty about the global economic growth outlook, noted Isabel Schnabel, Member of the Executive Board of the European Central Bank, while speaking at the Barclays International Monetary Policy Forum on Thursday...

In opinion of FX Strategists at UOB Group, a breakout of 1.0925 should allow EUR/USD to attempt a move to 1.0980 in the near-term....

Gold traded with a mild positive bias through the early European session and is currently placed near the top end of its daily trading range, around the $1650 level.As investors remain concerned over the global outbreak of the deadly coronavirus and its impact on the world economy...

Here is what you need to know on Wednesday, February 26:Markets are trying to find their feet after the second consecutive day of 3%+ drops in US shares...

On Monday, the Euro Stoxx 50 index plunged 3.5 percent, while the cost of insuring sub-investment grade corporate entities surged to its highest level since October. The spread on credit default swaps for Mediterranean...

Gold witnessed some follow-through long-unwinding trade on Tuesday and extended the previous session's sharp intraday retracement from seven-year tops...

Here is what you need to know on Tuesday, February 25: S&P futures are on the rise after a massive...

Following three consecutive sessions with gains, EUR/JPY has now come under selling pressure and is testing the 120.40 region, where sits the critical 200-day SMA...

DXY has started the week on a positive note and is now managing well to rebound from Friday’s lows near 99.30 on the re-emergence of the risk-off sentiment.Friday’s pullback for the index to recede from overbought levels, although the underlying bullish view remains unaltered for the time being...

Key Economic Releases and EventsThe week ended on a more anxious note after all the optimism a week earlier, when investors were lauding the decelerating new coronavirus cases. There’s still optimism that the corner has been turned but now it’s the corporate side that’s spooking investors...

Analysts at Nordea have changed their forecast. They still expect the Fed to cut, but in June, as March is probably too early given the lack of FOMC speak on the subject and the generally positive key figure surprises during the first week of February...

Markit's German Manufacturing PMI for February beat estimates with a score of 47.8 points, far above 44.8 expected and 45.3 recorded in January. The score remains below 50 – reflecting ongoing...

The GBP/USD pair came under some heavy selling pressure on Wednesday and tumbled to over one-week lows, around the 1.2900 round-figure mark.An analyst at FXStreet, reviews the reasons for the bearish move...

Here is what you need to know on Thursday, February 20:

Asian stocks slipped and so did the region’s currencies on Thursday, as virus cases rose in South Korea and Japan and investors quit local assets in favor of safety further afield...

Open interest in Gold futures markets went up by nearly 28.4K contracts on Tuesday, reaching the third consecutive build according to flash data from CME Group. In the same line...

EUR/USD took another dive yesterday, after a strong US Empire reading, and notably broke below 1.08. Jakob Ekholdt Christensen, a Chief Analyst at Danske Bank, still thinks the downside momentum for the pair remains...

Risk-recovery emerged as the main underlying theme in Asia this Wednesday, reflective of a rebound in the Asian stocks, Wall Street futures and Treasury yields. A slowdown in the number of...

According to the analysts at Australia and New Zealand Banking Group (ANZ), the Reserve Bank of Australia (RBA) minutes revealed that the central bank remains open to further easing if needed...

UOB Group’s Senior Economists reviewed the recently published GDP figures in the Japanese economy and the prospects of extra stimulus by the Bank of Japan...

Despite upbeat US-China trade headlines and a slowdown in coronavirus infection in China, the risk appetite was battered in Asia this Tuesday, in light of the warning issued by Apple Inc. that highlighted rising economic costs due to the coronavirus impact...

FX Strategists remain bearish on EUR/USD, although they believe that a bottom could be in the making...

It’s been an eventful start to the year and not exactly in the way than anyone would have anticipated even two months ago. Once again, once the initial panic has passed, investors have taken the spread of COVID-19 in their stride, a little too much you could argue...

Crude oil was able to shift pressure and the market looks like convenient with the latest news about coronavirus. WTI trades at $51.75, ANZ Research reports.

The GBP/USD pair rallied around 125 pips intraday in reaction to the latest UK political developments and jumped to over one-week tops, around the 1.3070 region on Thursday. Haresh Menghani from FXStreet sees a fresh trigger for bullish traders...

Here is what you need to know on Friday, February 14:

Analysts at Westpac cited the Australian dollar’s historical performances and key catalysts to justify its status as a global risk barometer. The report also anticipates the Aussie to recover during 2020 and 2021...

US CPI data on a year-on-year basis excluding food and energy is expected to show a 2.2 percent figure for January, while its month-on-month counterpart is anticipated to print a 0.2 percent statistic. Price growth on an...

Gold prices have turned higher after China reported a leap in coronavirus cases and after a methodology change. Investors are running to safety and the precious metal is eyeing higher levels

Gold prices edged lower on Tuesday as gains for US stocks in the previous session stoked risk appetite in the Asia Pacific region despite the ongoing spread of coronavirus...

Federal Reserve Chair Jerome Powell is likely to sound fairly upbeat about the outlook for U.S. economic growth when he testifies this week in the first of his twice-a-year updates to Congress, even as he nods to the potential threat from the coronavirus in China...

Here is what you need to know on Tuesday, February 11:

The US Dollar will be closely watching the release of the White House budget for fiscal year 2021 ahead of the Presidential election in November. Policymakers are largely expecting for it to outline additional spending cuts after the...

Here is what you need to know on Monday, February 10:

EUR/USD has hit new 2020 lows late last week and is hovering near the lows. Where next for the world's most popular currency pair?

Wall Street’s resilience will be tested again as some clarity emerges on whether the Chinese containment efforts were successful in limiting the spread of the virus globally...

Oil price did not move substantially after OPEC’s decision to cut production as investors are sitting to see Russia’s stance, strategists at Westpac report.

Prices of the ounce troy of the precious metal appear to have met a decent resistance in the vicinity of $1,570, where sits the 10-day SMA...

EUR/USD has hit new 2020 lows. As analyst at FXStreet notes, the pair is oversold and a bounce is on the cards...

The European Central Bank (ECB) President Lagarde is on the wires now, via Reuters, testifying about the economy and monetary policy before the European Parliament Economic and Monetary Affairs Committee, in Brussels...

n the economic data front, the immediate focus now remains on the Reserve Bank of India (RBI) monetary policy decision and the German Factory Orders data due ahead of the European open. The session ahead is...

The Bank of Japan (BOJ) board member Masai is back on the wires now, via Reuters, noting that BOJ is ready to take necessary action depending on the impact of coronavirus on global, Japanese economies.Key Points:

The perception that Donald Trump’s re-election is likely in November might have some holes, as national polls show Trump losing against most the democratic contenders...

The Euro may rise on retail sales figures for December if the statistics show a buoyant consumer during the holiday-packed month. The year-on-year forecast is at ...

Here is what you need to know on Wednesday, February 5: Markets returned to paying attention to the respiratory disease which has already infected around 25,000 and taken the lives of nearly 500. Additional companies such as...

Both UK Prime Minister Boris Johnson and EU chief negotiator Michel Barnier are taking hard-line positions ahead of Brexit negotiations that will begin shortly...

Gold edged lower for the second straight day and dropped to four-day lows, levels just below the $1570 region during the early European session on Tuesday...

Brent crude prices fell on Monday to their lowest in more than a year, dragged down by worries about lower demand in China, the world’s largest oil importer, following a coronavirus outbreak there...

Gold prices eased back further from last week’s four-week peaks on Monday. The coronavirus story is still driving markets, and Chinese stocks took a big hit as they returned from their extended new year break...

Here is what you need to know on Monday, February 3:

The primary driver for financial markets remains the coronavirus and its potential impact on the global economy. It is still too early to forecast the peak of the virus or even the impact it will have on the Chinese economy...

Despite travel warnings issued by the US and Japan not to take trips to China amid fast-spreading coronavirus, the World Health Organization (WHO) confidence in ...

Crude oil prices rose in Asia on Friday after the World Health Organization came out against travel and trade restrictions despite declaring the coronavirus a global emergency in the previous session, having declined to do so earlier this month...

FX Strategists at UOB Group believe that further retracements in EUR/USD now look unlikely in the near-term...

Investors trimmed their open interest positions by nearly 1.8K contracts on Wednesday, reaching the sixth consecutive drop according to ...

Here is what you need to know on Thursday, January 30:

Mr. Carney, in addition to other Monetary Policy Committee (MPC) members, have recently debated the merits of “near-term” stimulus in light of weakening economic activity from the affliction of...

Given negative risks don't materialize, we could be closer to 1,5% growth in Europe next year, the European Central Bank (ECB) Governing Council member Olli Rehn said on Wednesday...

The US Dollar may rise along with local equity markets if the FOMC re-affirms its neutral position and pours cold water over future easing expectations. Fed Chairman Jerome Powel will likely cite...

Here is what you need to know on Wednesday, January 29:

Gold prices slipped a little through Tuesday’s Asian session but held broadly steady, with market worries about the ongoing spread of Wuhan-strain coronavirus still keeping demand for anti-growth haven assets underpinned...

Here is what you need to know on Tuesday, January 28:

Economist at UOB Group reviewed the developments from the latest ECB meeting...

The Macro Strategists at Deutsche Bank offer a brief preview of the US Federal Reserve (Fed) monetary policy decision due to be announced on Wednesday...

After moving to daily highs in the 1.1040 region, EUR/USD is now losing the grip and drops to fresh yearly lows in the 1.1020/15 band...

Here is what you need to know on Monday, January 27:

What a start to the year it’s been. There was so much that could have gone wrong in the opening weeks of 2020 and yet, it’s been the completely unexpected that’s rocked the markets.

The German manufacturing sector contraction slowed more than expected in January, the preliminary manufacturing activity report from IHS/Markit research showed this Friday

Here is what you need to know on Friday, January 24:

In an interview with Bloomberg TV on Friday, the European Central Bank(ECB) President Lagarde said that the timetable of strategy review is ambitious...

USD/JPY is still expected to inch higher in the next weeks, according to FX Strategists at UOB Group.Key Quotes:

All eyes are on a monetary policy announcement from the European Central Bank (ECB) on Thursday. No changes to benchmark rates or QE asset purchases are expected but the follow-on press conference with President Christine Lagarde will ..

Here is what you need to know on Thursday, January 23:

What once seemed to be blue skies appears to have been more a fickle moment of respite as the Euro now finds itself under the dark clouds of a looming but familiar fundamental risk: a revived EU-US trade war...

Asian stock markets were largely unfazed Wednesday by the rising global concerns over an outbreak of a coronavirus that can cause deadly pneumonia, despite investor worry over the impact the health emergency may have on travel and tourism ahead of the Lunar New Year that starts Saturday...

Analyst at Nordea Markets, argues that “market expectations for a January cut have rapidly increased, but it is not yet a done deal.”...

President Donald Trump is expected to speak at the World Economic Forum (WEF) in Davos...

The Federal Reserve appears content to leave the federal funds rate—now targeted at 1.5% to 1.75% —steady through 2020. Growth looks solid enough and inflation within Chairman Jerome Powell’s comfort zone but longer term, the economy faces challenges that may require better monetary-policy tools...

The GBP/USD pair edged up and refreshed daily tops, around the 1.3035-40 region in reaction to better-than-expected UK employment details...

The EUR/USD pair witnessed some aggressive follow-through selling for the second consecutive session on Friday and tumbled to levels below the 1.1100 round-figure mark amid some follow-through US dollar buying interest...

Here is what you need to know on Monday, January 20:

According to Carsten Brzeski, Chief Economist at ING Germany, this week's European Central Bank meeting should be rather uneventful regarding monetary policy but the official start of the strategy review should be the highlight...

The debates on how much of an impact the Phase One trade deal will have on the global outlook will continue as market concerns fall on the Davos forum, central bank rate decisions and earnings season. ..

Analysts at TD Securities suggest that following a 1.1% MoM rebound, they are looking for the US industrial production to retreat again, posting a -0.5% decline for Dec...

European stocks were poised for another record session on Friday, lifted by encouraging China economic data and after Wall Street celebrated trade deal news with fresh highs...

The UK retail sales came in at -0.6% over the month in December vs. +0.7% expected and -0.8% previous. The core retail sales, stripping the auto motor fuel sales, stood at -0.8% MoM vs. +0.5% expected and -0.8% previous...

Prices of the barrel of West Texas Intermediate remain sidelined in the $58.00 neighbourhood – or weekly lows - amidst declining open interest and volume, signalling that the prospect for a ...

The pair is up for the second session in a row in the second half of the week, extending the recovery further after bottoming out in the 1.1080 region earlier in the month. The move up is also underpinned by the recent breakout of the critical ...

Here is what you need to know on Thursday, January 16:

According to CME Group’s estimates, open interest in Gold futures markets increased fir yet another session on Tuesday, now by around 23.K contracts. On the other hand, volume resumed the downside and dropped by nearly 9.7K contracts...