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Citing sources familiar with talks, Bloomberg reported that the ECB had not discussed further rate cuts in its latest meeting...

Forex today witnessed a quiet Asian affair amid a cautious risk tone, with most majors sticking to thin trading ranges while the US dollar attempted a tepid bounce broadly. The Asian stock markets traded mixed, as markets remained unnerved ahead of the key Eurozone and...

There is not much to add as EUR traded in a quiet manner before ending the day marginally higher at 1.1307 (+0.06%). As highlighted yesterday (15 Apr, spot at 1.1300), upward momentum has improved and the risk for a higher EUR has increased...

According to the IMM net speculators’ positioning as at April 9, 2019, speculators increased their bearish bets on the euro further with short positions rising to the highest level since early December 2016 in early April, notes the research team at Rabobank.Key Quotes...

The US dollar is lower against most major pairs except the Japanese yen and the Swiss franc. Risk appetite made a comeback this week and pushed the three currencies lower as investors shied away from safe havens...

The GBP/USD pair quickly reversed an early European session dip to daily lows and is currently placed at the top end of its daily trading range, just below the 1.3100 handle...

Karen Jones, analyst at Commerzbank, points out that the EUR/GBP cross has continued to consolidate just below the 55 day ma, currently at .8642 and is somewhat stuck at this zone...

There is not much to add as EUR eked out a ‘fresh high’ of 1.1290 before easing off. The price action is in line with our expectation from last Thursday (04 Apr, spot at 1.1245) wherein EUR is expected to “trade with an upside bias” towards 1.1300...

Analysts at Deutsche Bank, suggest that following an underwhelming message last month, they see the ECB press conference as an opportunity to inject confidence into the economy and the monetary policy process...

Karen Jones, analyst at Commerzbank, EUR/USD continues to show signs of recovery from the 1.1176 recent low, and is now pushing hard into the 20 day ma at 1.1277...

EUR touched a 2-week high of 1.1285 yesterday before easing off quickly to end the day little changed at 1.1261 (+0.02%). The price action is in line with our expectation from last Thursday (04 Apr, spot at 1.1245) wherein last Tuesday’s (02 Apr) low of 1.1181 is a short ...

After trading in a quiet manner for a couple of days, EUR staged a relatively robust advance and touched a 2-week high of 1.1275. The price action is in line with our expectation wherein last Tuesday’s (02 Apr) low of 1.1181 is a short-term bottom and EUR has moved into a...

The GBP/USD pair stalled its recovery near 1.3070 and entered a phase of consolidation in the European session, as the bulls await a breakthrough on the Brexit talks between the UK PM May and the opposition Labour Party Leader Corbyn, as the talks resume later today...

Senior analyst at Danske Bank, points out that the US jobs report on Friday failed to move EUR/USD despite a weak wage growth figure initially sending the pair higher...

The US dollar is higher across the board against major pairs on Friday. The greenback got a boost from the March U.S. non-farm payrolls (NFP) report that showed the economy added 196,000 jobs and an upward revision to...

The XAU/USD pair is trading in a narrow channel on Friday as investors are staying on the sidelines ahead of the critical nonfarm payrolls data from the United States. As of writing, the pair was down 0.25% on a daily basis at $1289...

According to analysts at TD Securities, next week's meeting comes sandwiched between two important ECB meetings, and as such, is unlikely to provide much in terms of steps forward...

The mood around the European currency remains choppy so far this week, with EUR/USD at least managing to stay above the 1.1200 handle in the last sessions...

Analyst at Westpac, suggests that the AUD has absorbed a great deal of information and data this week and emerged a little stronger...

After eking out ‘fresh’ lows for several days in a row, EUR staged a relatively strong rebound and tested our 1.1255 ‘key resistance’ (EUR touched 1.1255 during London hours). We have held the same view since last Friday (29 Mar) that EUR could revisit the 07 Mar low of 1.117...

The renewed bid tone around the European currency remains unchanged in the second half of the week, motivating EUR/USD to extend the rebound from recent lows in sub-1.1200 levels seen earlier in the week.

EUR dipped to 1.1181 during NY hours before recovering quickly to end the day little changed. The price action is in line with our expectation wherein there is room for EUR to revisit last month’s 1.1174 low...

UK Brexit Secretary Stephen Barclays told members of Parliament that he does not think that a second referendum on Brexit is a good idea, as it will take the country to "square one." However, he said that this is only his personal view and that PM Theresa May will have discussions and see where they lead...

Following a brief phase of consolidation around 1.1220 levels in the Asia trades, the EUR/USD rebound picked-up pace in the European session, taking the rates back towards the midpoint of the 1.12 handle...

According to analysts at Rabobank, Brexit is positioned to reclaim centre stage later today with a series of indicative votes in the House of Commons. Although no proposal in last week’s votes won a majority, the closest was a motion for a new customs unions...

The US dollar climbed higher as markets balanced out global growth concerns along with optimism a trade deal was nearing between the two largest economies in the world. US economic data painted a mixed picture with the earlier data in the week confirming slowdown worries...

The now better mood around the British Pound is dragging EUR/GBP to test fresh lows in the mid-0.8500s, although rebounding soon afterwards.EUR/GBP offered on Brexit headlines...

Despite the recent Brexit drama, the cross has been finding some support ahead of the 144.00 handle and has also managed to defend monthly lows...

We indicated yesterday that “if EUR were to close below 1.1220 in NY, it would indicate that it is ready to revisit the 07 Mar low of 1.1174”. EUR subsequently dipped to 1.1212 before ending the day at 1.1220...

British Prime Minister Theresa May's spokesman crossed the wires recently arguing that the only guaranteed way of leaving the EU by May 22 was for Parliament to approve May's Brexit deal tomorrow...

The USD/JPY pair slumped to a fresh 2-day low of 110.03 in the European session but reversed its course to recover a large portion of its daily losses in the last hour. As of writing, the pair was down 0.18% on the day at 110.30...

While EUR is still trading within the expected 1.1220/1.1400 range that we indicated on Monday (25 Mar, spot at 1.1295), the relatively weak price action over the past couple of days has resulted in a build-up in downward pressure...

The AUD/USD pair held on to its mildly positive tone through the early European session and is currently place at the top end of its daily trading range, around the 0.7125-30 region...

The USD/JPY pair regained some positive traction on Tuesday, albeit continued with its struggle to build on the momentum further beyond the 110.25 region

While we indicated last Friday (22 Mar) that “in order to maintain the current momentum, EUR could not afford to ‘dither’ as it would greatly decrease the prospect for further EUR strength”, the subsequent large decline of more than -0.50% (NY close of 1.1313, -0.52%) came as a surprise...

The US dollar had a wild week, finishing the week mixed against its major trading partners, as market participants reassess the effects of the Fed’s dovish commitment and how much weaker the German economy will become

According to Reuters, European Central Bank President Mario Draghi told EU leaders at this week's summit that the international trade was the main reason for the economic slowdown in the euro area...

Deutsche Bank analysts note that in the middle of political turbulence in the UK, the Bank of England’s MPC voted to keep interest rates unchanged at 0.75%, in line with market expectations...

Gold quickly reversed an Asian session dip to $1307 area and is currently placed at session tops, recovering all of the previous session's modest pull-back from three-week tops...

After meeting resistance near $1310 area yesterday, the XAU/USD pair reversed its course on Wednesday and eased from its weekly highs as the greenback gathered some strength ahead of the critical FOMC decisions. As of writing, the pair is trading at $1303, losing 0.22% on a daily basis...

The latest comments from the Bank of Japan (BOJ) Governor Kuroda, via Reuters, he said that the Japanese central bank is supporting the households and companies through yield curve control (YCC)...

Today, world markets are keenly awaiting the outcome of an all-important FOMC’s March meeting, and as we move towards the decision timings, here are the expectations as forecasted by the economists and researchers of 17 major banks...

There is not much to add as EUR eked out a fresh 2-week high of 1.1359 before easing off to end the day little changed at 1.1336 (+0.09%). We continue to hold the same view as last Wednesday...

Gearing up for a move towards recent swing highs, around $1313 area...

Danske Bank analysts are expecting that the US Fed will likely keep the target range unchanged at 2.25-2.50% and make no major changes to the statement in its forthcoming meeting this Wednesday...

EUR rebounded and recouped most of last Thursday’s (07 Mar) decline before closing slightly higher on Friday. The price action reinforces our view as highlighted last Wed (13 Mar, spot at 1.1285) wherein EUR has moved into a...

The GBP/USD pair managed to recover a major part of the early lost ground and jumped back above the 1.3300 handle in the last hour, albeit quickly retreated few pips thereafter...

AUD/USD pair has shown every sign of breaking 0.7000 last Friday but ultimately printed a low of 0.7003, which lends confidence to the view that the Aussie has absorbed enough ...

Broad-based US dollar recovery was the main underlying theme that triggered a fresh selling-wave across the fx board in Asia this Thursday. The rebound in the greenback was mainly driven by...

EUR/USD keeps the rally well and sound for yet another session on Wednesday, probing fresh tops beyond the critical 1.1300 the figure although losing some shine afterwards...

Despite dropping sharply last Thursday (07 Mar) and cracking several strong support levels, EUR has not been able to make much headway on the downside. The recovery from last ...

‍Gold held on to its positive tone through the early European session on Wednesday and remained within striking distance of 1-1/2 week tops set earlier today.After a modest pull-back at the start of this week...

 However, if the EUR has moved into a weaker regime over the last year; one where there is no overhang of Euro crisis era EUR hedges, and EUR is viewed as one of the ...

The recovery in EUR after last Thursday’s (07 Mar) steep decline has been more ‘resilient’ than expected as it closed higher for the second straight day yesterday (1.1247, +0.08%). For now, we view the price action as part of a short-term consolidation phase and...

According to analysts at Danske Bank, today's key event will be the vote in the House of Commons on Theresa May's Brexit deal at 20:00 CET...

Despite the relatively robust recovery in EUR, there is no change to our view. As highlighted early last Friday (08 Mar, spot at 1.1195), “EUR is vulnerable and the focus is at 1.1120”. The current short-term movement is ...

The USD/CAD pair struggled to build on its attempted intraday up-move and is currently placed in the neutral territory, albeit managed to hold well Friday's swing low...

Analyst at Commerzbank, explains that the EUR/USD pair last week broke down from the base of the range at 1.1216 and sold off to the 61.8% Fibonacci retracement of the 2017- 18 advance at 1.1186, which held the initial test...

The US dollar is lower against most majors pairs on Friday after a massive miss in the U.S. non farm payrolls (NFP) report. The US economy only added 20,000 jobs when the forecast was calling for...

Following yesterday's drop to a 6-week low of $1280 on Thursday, the XAU/USD pair rebounded decisively on Friday and erased the majority of this week's losses. As of writing, the pair was trading at $1293, adding $7.5, or 0.6%, on a daily basis...

In terms of what our economists expect today, Mark Wall feels like any policy announcement would be a positive surprise. He notes that the latest comments from Council members imply that even the hawks have turned less optimistic...

Analysts at TD Securities point out that in the US, NY Fed President Williams speaks on "The Economic Outlook: The 'New Normal' Is Now" and is likely to repeat that no further rate hikes until inflation rises, which should get a dovish market reaction...

As highlighted, “the recent mild upward pressure has eased and from here, we expect EUR to trade sideways, likely between 1.1310 and 1.1425”. However, the bottom of the expected range at ...

CAD OIS implies almost no chance of either a hike or a cut at this meeting and only around a 15% chance of a 25bp hike by the October meeting. Although a more dovish tone than January can be expected, the BoC...

The GBP/USD pair faded an early European session uptick and quickly retreated around 50-pips from the vicinity of the 1.3200 round figure mark...

Gold extended its bearish consolidative price action on Tuesday and remained within striking distance of near six-week lows set in the previous session.The precious metal failed to capitalize on the overnight attempted rebound...

Forex today witnessed broad-based US dollar strength in Tuesday’s Asian trading, mainly driven by moderate risk-aversion on fading US-China trade optimism as China slowdown worries resurfaced following softer Chinese GDP target and...

Once again Trump appeared to be expressing his preference for a softer exchange rate. This would be consistent with comments he made in January 2017 that the dollar was “too strong...

The GBP/USD pair quickly reversed an early European session spike to 1.3255 area and dropped to fresh session lows in the last hour, filling the weekly bullish gap...

Markets brace for a slew of second-tier macro releases from the EUR calendar today, as the Brexit-related headlines and US-China trade developments will continue to drive the overall risk trends. At 0930 GMT, the UK construction sector activity report for...

Mixed economic data, a rollercoaster ride in trade, and fresh geopolitical risks saw US equities edge higher on the week, while the dollar was little changed. With the data dependent Fed likely to be on hold for at least the first half of the year, financial markets will...

The precious metal remained under some heavy selling pressure for the third consecutive session on Friday and dropped to challenge one-month-old trend-line support...

EUR/JPY has regained fresh upside traction and surpassed the key barrier at 127.00 the figure, coincident with later December 2018 peaks...

A renewed risk-on wave gripped the financial markets across Asia on the final trading day of the week, as markets cheered upbeat US growth numbers and Chinese Caixin factory sector activity report that...

Gold prices have been steadily declining since last week's highs of $1,343/oz and has made a fresh reversal low today following the unexpected uptick in US GDP Q4. The advanced read on...

The EUR/USD pair rose to its highest level since February 5 at 1.1420 earlier in the day but failed to preserve its momentum in the second half of the day. As of writing, the pair was virtually unchanged on a daily basis at 1.1372....

We have held the same view since last Wednesday (20 Feb, spot at 1.1345) wherein the “immediate risk is on the upside but it is too soon to expect a sustained rise in EUR”. We highlighted the strong resistance levels at 1.1410 and 1.1440 and expected EUR to...

Oil prices has stabilised somewhat after sources said that US crude oil inventories (to be disclosed today) will show a drop of some 4.2m barrels compared to a median estimated forecast of +3m barrels...

MUFG analysts are expecting that the main focal point for markets this week will be on Wednesday’s votes in UK parliament on fresh Brexit amendments...

Gold extended its steady decline from intraday highs, around the $1330 area, and is currently placed at the lower end of its daily trading range. Having failed to capitalize on Friday's attempted bounce, the precious metal...

EUR/USD is extending the consolidative theme in the upper end of the current range around 1.1350 amidst thin trade conditions and scarce volatility....

The XAU/USD pair failed to hold above the $1330 mark on Monday and came under modest bearish pressure in the second half of the day. As of writing, the troy ounce of the precious metal was trading at...

The continuation of the upbeat mood around the riskier assets is bolstering today’s buying pressure in EUR/JPY to the current 125.70/80 band...

EUR spent another day ‘going nowhere’ as it closed little changed last Friday (NY close of 1.1341, +0.06%). Despite the lackluster price action, we continue to see scope for EUR to move higher. However, as...

Canadian Dollar rose 0.47 percent on Friday despite retail sales falling unexpectedly in December. Trade optimism offset the data miss as the US dollar remains on the back foot following lower than expected manufacturing data points published on Thursday...

After briefly testing the 1.1350/60 band earlier in the session, EUR/USD came under some selling pressure in the wake of the publication of key German data...

EUR/USD: Neutral (since 21 Aug 18, 1.1485): Immediate risk is on the upside but too soon to expect a sustained rise in EUR. EUR closed unchanged in NY (1.1334, 0.00%) and there is no change in view (see reproduced update below)...

The offered bias around the Sterling is helping EUR/GBP to advance to the area of daily highs in the 0.8700 neighbourhood...

EUR/USD seems to have found some strong resistance in the area of weekly peaks in the 1.1330/40 band for the time being.EUR/USD looks to data...

Forex today was dominated by the ongoing Yuan upsurge and sharp moves in the Aussie-dollar, as the US-China trade deal expectations heightened ahead of the 2-day meeting between the top...

As we head closer to the release timings, the economists and researchers of major banks are expecting that the Fed minutes should reiterate an overall dovish message, after a range of Fed speakers have shown their support for patience, since the January meeting...

For the EUR/USD pair, recovery from here is currently being seen and this preserves the range and leaves the 1.1520 200 day ma back in the picture...

The Bank of Japan (BoJ) Kuroda is on out on the wires now, via Reuters, making a parliamentary appearance again today.On Tuesday, Kuroda sparked a sharp Yen sell-off across the board after he said that the BoJ is ready to ease further if there is any difficulty in achieving the 2% price target...

Cleveland Fed President Loretta Mester on Tuesday became the latest U.S. central banker to support ending the balance sheet run-off this year...

Gold, as a safe haven asset, (the other currency), has been raising the market's eyebrows of late and its rally is somewhat concerning, and not just to the bears. Often, when the price of gold rallies, it is a sign that markets are on alert, fearing the...

After a brief adventure to daily highs beyond 1.1320, EUR/USD has now receded to the 1.1300 neighbourhood in the wake of mixed results from the ZEW Survey...

EUR/USD keeps the positive performance well and sound at the beginning of the week and is now navigating the upper end of the range in the 1.1330/35 band, or new session highs...

Gold held on to its positive tone at the start of a new trading week, albeit trimmed a part of its early gains back closer to multi-month tops. The precious metal built on last week's ...