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EUR/USD manages well to keep business in the upper end of the range around the 1.1100 handle so far on Friday...

Here is what you need to know on Friday, December 6:

According to the latest headlines floating on the wires, citing two sources familiar with the matter, OPEC and its allies were said to discuss deeper oil cuts of more than 400k bpd as the main scenario...

Gold struggled to capitalize on the attempted intraday positive move and is currently placed near the lower end of its daily range, around the $1475 region...

Forex today was a quiet Asian affair, as markets absorbed the latest trade deal optimism with a pinch of salt. The Asian equities traded firmer following the positive Wall Street lead. However, the US equity futures and Treasury yields traded on the back foot that kept the US dollar weaker against most majors, except for the Aussie dollar.

Mitul Kotecha, senior emerging markets strategist at TD Securities, points out that there was slight improvement in Asia's manufacturing PMI's in November, with all but two (Thailand and Philippines) rising...

Mitul Kotecha, senior emerging markets strategist at TD Securities, points out that there was slight improvement in Asia's manufacturing PMI's in November, with all but two (Thailand and Philippines) rising.

“Bank of Canada is widely expected to leave rates unchanged at today's interim monetary policy meeting. Things are slowly shaping up for an easing of monetary policy and with one full cut priced for 2020, markets will look for confirmation.”

Deutsche Bank analysts note that the US manufacturing PMI was revised up 0.4pts to 52.6, which matches the April levels once again...

Gold failed to capitalize on its recent recovery and fell back into the red zone on Tuesday, in response to the broad-based US dollar come back from weekly lows amid a bounce in the US Treasury yields...

Here is what you need to know on Tuesday, December 3:

Matthew Hassan – Chief Economist at Westpac Banking Corporation – offered his take on Monday's disappointing Aussie housing market data, wherein building approvals recorded a drop of 8.1% in October as compared to the previous month's downwardly revised gain of 7.2%...

The Confederation of British Industry (CBI) and a manufacturing trade body, Make UK, have made downward revisions to their 2020 UK growth forecasts amid looming Brexit risks and bleak global economic outlook, per Reuters...

Here is what you need to know on Monday, December 2:

Trade hopes were boosted by comments from the US and China earlier in the week, only to be stamped out after the signing of an American law that supports Hong Kong autonomy was criticized by China bowing retaliation. The prolonged trade war has...

More comments flowing in from the BOJ Governor Kuroda, as he downplays expectations of further monetary policy easing at present...

EUR/USD keeps orbiting around the 1.10 handle at the end of the week amidst anaemic trade conditions and marginal volatility...

Here is what you need to know on Friday, November 29, Black Friday:

The AUD/USD pair dropped to fresh six-week tops during the Asian session on Thursday, albeit now seems to have found some support ahead of mid-0.6700s...

Speaking to reporters in early Europe on Thursday, the European Central Bank (ECB) Governing Council member and Bank of France Head Villeroy de Galhau said that the Euro area suffered most from external uncertainty this year...

Here is what you need to know on Thursday, November 28:

“If Trump administration refuses to roll back high tariffs, the vast number of American farmers could face a loss of exports to the Chinese market, and the loss could be permanent if the trade war lingers longer,” the Chinese highly-read news publication...

Karen Jones, analyst at Commerzbank, suggests that EUR/USD is offered near term and attention is on the 1.0989 mid-November low and whilst it holds, last week’s high at 1.1097 may be revisited, a rise above which would have the 1.1180 October high in its sights...

Here is what you need to know on Wednesday, November 27:

Senior economist at ABN AMRO, suggests that cutting through the noise of the many recent developments in the UK, by far the most important for the economic outlook has been the significant fall in the chance of a no-deal, disorderly Brexit...

EUR/USD is trading just above 1.10, looking for a new direction amid contradicting trade headlines. Which direction will it choose? The downside seems more appealing.

Here is what you need to know on Tuesday, November 26:

According to Senior FICC Technical Analyst at Commerzbank, the pair could still attempt a test of the boundaries of 1.1100 while above the 1.0989 level...

Here is what you need to know on Monday, November 25:

Risk-on sentiment dominated the Asian trades at the start of a fresh week, as markets rejoiced the renewed trade optimism following the upbeat remarks from both the US and Chinese officials...

Financial markets were told we have a phase-one trade deal six weeks ago, but US legislation supporting Hong Kong protesters and disagreements on tariff rollbacks have raised the risk of complete setback in trade talks...

According to flash data from CME Group for JPY futures markets, open interest went up for the third session in a row on Thursday, now by just 396 contracts. Volume, instead, reversed the previous build and shrunk by around 7.4K contracts...

While delivering a key note address at the European Banking Congress, in Frankfurt, on Friday, the new European Central Bank (ECB) President Lagarde said: “We face a global environment that is marked by uncertainty”...

The German manufacturing sector contraction slowed in November, the preliminary manufacturing activity report from IHS/Markit research showed this Friday...

EUR/USD maintains the sideline theme in the upper end of the weekly range in the 1.1080/90 band amidst a steady greenback...

Gold edged lower through the Asian session on Thursday and is currently placed near the lower end of its daily trading range, around the $1470 region...

Here is what you need to know on Thursday, November 21:

Gold technical analysis: $1,475 continues to cap upside...

Following a few quiet days on the data front, the Riksbank is set to present its Financial Stability report today...

Here is what you need to know on Wednesday, November 20:

Dollar/yen has been on the back foot amid doubts that the US and China are able to strike a trade deal. Looking at the charts, the technical battle lines are well-drawn...

Reuters reports the latest tanker data from sources, showing that OPEC’s share of India’s oil imports hit the monthly lowest since at least 2011...

Here is what you need to know on Tuesday, November 19:

The AUD/USD pair struggled to capitalize on the previous session's goodish recovery move and remained depressed through the early European session on Monday...

According to analysts at ANZ, the RBNZ, RBA, and the Federal Reserve have all now joined the Texas Hold’em club, betting – for now – on previous rate cuts doing the job...

Economist at UOB Group, gave her views on the latest releases in the UK docket and the BoE event...

The USD/JPY pair caught some fresh bids on Tuesday and has now moved well within the striking distance of multi-month tops set last week...

Danske Bank analysts suggest that following the dovish policy signal sent by Bank of England last week, they now expect it to deliver a 25bp cut at its next 'big' ...

Here is what you need to know on Tuesday, November 12:

After a brief test of daily highs around 1.1030, EUR/USD has now re-shifted its focus to the lower end of the range in the 1.1020 zone...

Gold prices edged higher on the first day of a new trading week and recovered a part of the previous session's slide to three-month lows, though lacked any strong bullish conviction.

Here is what you need to know on Monday, November 11:

This week has been a little slow, trade deal speculation and baffling UK election gaffs aside. There’s a lot more economic data to come over the next week, with particular focus it seems on the ...

Analyst at Westpac, points out that the RBA embraced the opportunity of the FOMC’s guidance of a sustained pause in rate-cutting to not only hold its cash rate steady at 0.75% but to make clear that it expects to hold again in December...

The latest European Central Bank (ECB) Economic Bulletin is surprisingly upbeat. The ECB have stated that incoming data and survey results point to moderate but positive growth in the second half of 2019...

Gold edged higher on Wednesday and recovered a part of the overnight sharp fall to three-week lows, albeit seemed struggling to capitalize on the attempted bounce...

In opinion of FX Strategists at UOB Group, EUR/USD could now slip back and test the 1.10 region in the next weeks.

Here is what you need to know on Wednesday, November 6:

OPEC forecasts global oil demand to rise to 103.9 million bpd (mbpd) by 2023 and raised its mid-term outlook for non-OPEC oil supply growth for 2019...

FX Strategists at UOB Group noted further upside in EUR/USD appears to be losing some traction...

Mitul Kotecha, senior emerging markets strategist at TD Securities, suggests that their composite GDP weighted Asia manufacturing PMI measure recorded a renewed slip into contraction in October while the average Asia PMI measure remained in contraction for a fifth straight month...

Analysts at TD Securities point out that Christine Lagarde makes her first speech tonight since taking over as ECB President on the 1st of the month.

Rabobank analysts are expecting the Bank of England to leave the policy rate unchanged at 0.75% on Thursday 7 November...

Here is what you need to know on Monday, November 4:

The upcoming week will focus heavily on incremental trade updates, German economic data, an RBA rate decision, Bank of England policy meeting that comes with updated economic forecasts and the beginning of campaign season for Britain’s first December general election since 1923. While investors are...

The buying interest around the single currency remains well and sound so far this week, with EUR/USD meandering the upper end of the range around 1.1170...

Senior Economist at UOB Group Alvin Liew reviewed the recent FOMC event, where the Committee reduced the FFTR by 25 bps...

Here is what you need to know on Friday, November 1:

EUR/USD keeps the solid pace in the 1.1170 region on Thursday following key releases in Euroland...

According to a Senior Currency Strategist at Westpac – the combination of the FOMC and BoJ meetings really should have supported USD/JPY....

Here is what you need to know on Thursday, October 31:

Today, world markets are keenly awaiting the outcome of the all-important Federal Open Market Committee (FOMC) monetary policy decision for the month of October, which will be...

In opinion of FX Strategists at UOB Group, the upside momentum in EUR/USD could extend to the 1.1180 region....

Here is what you need to know on Wednesday, October 30:

FX Strategists at UOB Group noted the bullish outlook on EUR/USD appears to have lost some momentum despite a test of 1.1180 still remains on the cards...

Rabobank analysts are expecting the Bank of Canada to leave the policy rate unchanged at 1.75% on 30th October...

Here is what you need to know on Tuesday, October 29:

The Danske Bank analysts provide brief insights on the important events of note, scheduled this week...

Gold refreshed daily tops during the early European session, albeit lacked any strong bullish conviction and remained well below three-week tops set on Friday...

EUR/USD is rebounding from recent lows in the 1.1070 region after two consecutive daily pullbacks...

A fascinating week ahead as three major central banks hold monetary policy meetings, with two potentially pulling the trigger on a rate cut. The Fed is the most likely of these with markets pricing in more than a 90% chance of a third consecutive 25 basis point reduction...

Citing a senior European Union (EU) official familiar with the matter, Reuters on Friday reported that the EU was expected to announce a decision, in principle, to extend the Brexit deadline without specifying a date...

Gold edged higher on the last trading day of the week and climbed to fresh two-week tops, around the $1507 region in the last hour...

Danske Bank analysts expect the Federal Reserve will cut rates again by 25bp when it meets next week (announcement Wednesday 19:00 CEST)...

According to Rabobank analysts, Mario Draghi’s final meeting as President of the ECB today should be a relatively uneventful policy-wise...

Here is what you need to know on Thursday, October 24:

Deutsche Bank analysts suggest that the market highlight today comes from the ECB, in what will be President Mario Draghi’s last Governing Council meeting before Christine Lagarde takes over on 1 November...

The European Union Council President Donald Tusk, speaking in the parliament this Tuesday, said that we are ready for all scenarios and will react to Brexit delay request in the coming days...

Analyst at Commerzbank, notes that EUR/USD held steady yesterday and continues to target initially the 200 day ma at 1.1207 and then the top of the channel at 1.1290...

Here is what you need to know on Tuesday, October 22:

In opinion of FX Strategists at UOB Group, the upside momentum in EUR/USD could extend to the 1.1200 neighbourhood in the next weeks...

GBP/USD has topped 1.30 and is trading at the highest levels since mid-May – a five-month high. The pound has extended its gains as the chances for parliament to approve the Brexit deal have improved...

Here is what you need to know on Monday, October 21:

The British pound is near 5-month highs ahead of Saturday’s showdown as the UK parliament is being asked to ratify the deal that PM Johnson and his EU counterparts reached to avoid a hard Brexit on October 31. The odds of ...

The upside momentum in USD/JPY appears to be running out of steam, noted FX Strategists at UOB Group...

Following the recent up move, FX Strategists at UOB Group now expect EUR/USD to advance to 1.1165...

Here is what you need to know on Friday, October 18:

Deutsche Bank analysts point out that we heard from a number of ECB Governing Council members over the last 24 hours with the ECB’s Chief Economist Philip lane advocating fiscal easing...

EUR/USD has quickly climbed to fresh 2-month highs near 1.1140 boosted by news of a Brexit deal...