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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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UPCOMING FOREX NEWS EVENTS
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European stocks step lower as Trump-Kim pledge ‘lacks some detail’

Gains for European stocks largely faded Tuesday, with investors considering results of U.S. President Trump’s unprecedented summit with North Korean leader Kim Jong Un in Singapore.The broader Stoxx Europe 600 Index SXXP, +0.07% slipped by less than 1 point to 387.80 after rising as much as 0.4%. The basic materials and oil and gas groups led declining sectors, but the utility and tech groups moved higher. On Monday, the index rose 0.7%, the first rise in five sessions.

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AUD/USD Outlook Mired by Failed Attempt to Break Trendline Resistance

AUD/USD retraces the decline from late last week even as the G7 Summit does little to ward off the threat for a global trade war, and the pair may continue to catch a bid over the next 24-hours of trade as the recent pickup in market sentiment appears to be gathering pace.

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Gold holds to tight range ahead of North Korea summit, expected Fed rate action

As for interest-rate policy, the key driver of currency and gold levels, the Federal Reserve is expected to raise interest rates after its two-day meeting that begins Tuesday. European Central Bank policy makers are expected to announce the timing of a reduction of its crisis-era asset-purchase initiative when it meets on Thursday.

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Trump Continues to Lash Out at Allies

The U.S. leader, who is now in Singapore to meet with his North Koreancounterpart, said “Fair Trade is now to be called Fool Trade if it is not Reciprocal,” and called into question the trading relationship between his country and some of its closest allies.

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GBP/USD a test of 1.35/1.36 remains on the cards – Commerzbank

“GBP/USD continues to correct higher near term. The Elliott wavecount is pointing to a corrective rebound into the 1.3500 and then 1.3600 area, which is fairly tepid (this would not even represent a 38.2% retracement, which lies at 1.3652). We have a support line at 1.3354, which...

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EUR/GBP faces upside prospects this week – Danske Bank

“An interesting and likely volatile week awaits GBP with risks skewed on the upside for EUR/GBP ahead of the House of Commons vote on the House of Lords’ amendments to the EU withdrawal bill on Tuesday”.“It is also a very busy week in terms of UK ...

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USD/JPY makes a run for 110.00 as risk appetite swings back into the Monday markets

The USD/JPY is trading sharply higher in Monday action, lifting to 109.80 as traders resume bidding, undeterred by the weekend's G7 trade spat.The Dollar-Yen pairing is lifting off of last week's swing low to end last Friday as markets step into the new week on decidedly...

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Market Events Ahead

Market events to watch this week

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Forex Week Ahead: Dollar Struggles as Geopolitics and Central Banks Take Center Stage

The US dollar is lower against major pairs this week as the market prepares for an eventful week. The U.S. Federal Reserve will kick off its June Federal Open Market Committee (FOMC) meeting on Tuesday June 12. The two day meeting is expected to end with the announcement of a 25 basis points rate hike.

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Pound rebound to be kept in check by Brexit talks: Reuters poll

Sterling is likely to gain this year and by the time Britain leaves the European Union next March will have recouped a chunk of its losses since the June 2016 decision to leave the bloc, a Reuters poll suggested.

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USD/CAD room for a move above 1.3100 – Scotiabank

Momentum indicators are bullish and DMI’s are confirming. USDCAD has already breached the descending trend line drawn from the 2016-2017 highs and now risks an extension toward the one year March high around 1.3120. Near-term support is expected at 1.2950.

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China: May trade surplus of just less than $25 bln - BBH

Exports were steady, rising 12.6% from a year ago, the same as in April, after the revisions. However, imports surged 26% but were expected to have slowed after the 21.5% rise in March. Meanwhile, the US-Chinese trade tensions come to a head next week.

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USD/CAD stays above 1.3000 ahead of Canadian jobs

The greenback is extending the up move vs. its Canadian neighbour at the end of the week, pushing USD/CAD further north of the psychological 1.3000 handle.The pair is up for the second consecutive session on Friday, surpassing the key 1.3000 mark on shrinking...

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EUR/JPY gains to 131.34/48 are not ruled out – Commerzbank

continues to rally but appears to be struggling ahead of the 55 day ma at 130.61 and downtrend at 131.15. Near term we unable to rule out scope for further gains to the 131.34/48 May highs and possibly even for the 133.48 April peak. The market is...

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EUR/GBP faces further upside very near term – Danske Bank

Chief Analyst at Danske Bank Jakob Christensen expects the Sterling to remain under pressure in the next weeks.“GBP had a volatile session yesterday with EUR/GBP bouncing above 0.88 on reports that David Davis threatened to quit due to a disagreement with Prime Minister May on the ‘Irish backstop’....

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Sterling at two-week highs on broad dollar rout

Sterling climbed to more than two-week highs on Thursday, helped by general dollar weakness thanks to a broadening rally in the euro currency, though concerns over Brexit negotiations capped gains.

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USD/JPY – Japanese Yen Edges Higher, Final GDP Next

The Japanese yen has posted modest gains in the Thursday session. In the North American session, USD/JPY is trading at 109.99, down 0.17% on the day. On the release front, Japanese Leading Indicators improved to 105.6%, matching the forecast.

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USD/JPY neutral, still within 108.50/110.50 range – UOB

The pair’s near term outlook remains neutral, with the likelihood of a probable test of the upper end of the 108.50/110.50 range, noted FX Strategists at UOB Group.24-hour view: “Instead of trading sideways (as expected yesterday), USD broke above...

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AUD/USD sticks to softer Aussie data-led weakness, downside seems limited

Having failed to clear 100-day SMA barrier, the AUD/USD pair lost some ground and eroded a part of previous session's strong up-move to six-week tops.With investors looking past yesterday's upbeat Aussie GDP growth figures, a weaker-than-expected Australian trade surplus data weighed on the domestic currency...

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EUR/USD stays firm around 1.1800 ahead of EMU data

keeps the march north well and sound on Thursday, advancing to the 1.1800 neighbourhood on the back of renewed anxiety over next week’s ECB meeting. The pair has already gained around 3 cents since last week’s fresh cycle lows in the vicinity of ...

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GBP/USD – Pound Slightly Higher, Investors Look for Economic Cues

The British pound has posted slight gains on Wednesday, continuing the upward trend which marked the Tuesday session. In North American trade, GBP/USD is trading at 1.3409, up 0.11% on the day. On the release front, there are no major events out of the U.S or Britain. On Thursday, the U.K releases Halifax HPI and the U.S publishes unemployment claims.

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Dollar recovery seen as an earnings risk on horizon

Against the euro, the greenback is down 3.2 percent year-over-year, compared with a year-over-year decline of 14 percent in mid April. It hit a 10-month high on Tuesday as investors balked at the prospect of repeat elections in Italy, which may become a de facto referendum on Italian membership of the currency bloc.

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Canada: Ivey PMI drops to 62.5 to miss market expectation of 69.7

The Ivey Purchasing Manager's Index (seasonally adjusted) for May stands at 62.5, indicating that purchases were less than the previous month," the Richard Ivey School of Business said in its latest report. The unadjusted version of the data came in at 69.5 vs. 70.4 in April.

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NZD/USD could advance to the 0.7080 region – UOB

The up move in the pair could extend further and test the 0.7080 region in the near term, according to FX Strategists at UOB Group.24-hour view: “Against our expectation, NZD did not break the major 0.7050 level as it slipped to a low of 0.6997 before rebounding. We continue to see chance for a move above 0.7050 but in view of the weakened momentum, a sustained up-move...

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USD/JPY jumps to 2-week tops, testing 200-DMA hurdle

The USD/JPY pair caught some strong bids on Wednesday and was now seen building on its momentum further beyond the key 110.00 psychological mark. After yesterday's good two-way moves, the pair resumed with its prior appreciating move and spiked to 2-week tops in the last hour. The momentum remained unaffected by a weaker tone surrounding the US Dollar, with bulls seemed to track a goodish pickup in the US Treasury bond yields.

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EUR/USD looks to consolidate the breakout of 1.1700

The single currency is trading on a positive fashion on Tuesday, with EUR/USD looking to consolidate the recent breakout of the key 1.1700 milestone.The pair gained extra traction late on Tuesday and move above 1.1700 the figure particularly after a story run by news agency Bloomberg said the ECB could discuss the exit of its ‘quantitative easing’ programme at its meeting on June 14.

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Gold rebounds and approaches $1300

After losing ground for three consecutive days, gold is up on Tuesday. It is approaching the $1,300 area where the 20-day moving average stands. A daily close above could signal more gains ahead for the metal.

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EUR/JPY Technical Analysis: breaks below 50-hour SMA, now seems vulnerable

Forms a triple top bearish chart pattern on the 1-hourly chart and retracement back below 50-hour SMA prompted some fresh technical selling in the past hour, which could get extended towards 200-hour SMA support.

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USD/JPY continues to push lower below 110 despite USD strength

After closing the fourth straight day higher, the USD/JPY pair failed to extend its gains on Tuesday and retraced yesterday's upside. As of writing, the pair is trading at 109.70, around 10 pips above its daily low, and is down 0.1% on the day.

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Sterling jumps after better-than-expected UK services data

Sterling jumped on Tuesday after a survey showed companies in Britain’s dominant services sector grew more quickly than expected in May after a winter slump in early 2018.

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Dollar stabilises below last week's highs, supported by data, yields

The dollar stabilised on Tuesday just below its six-month high of last week, as investors awaited data that might confirm the U.S. economy is on track for a strong June quarter with rising bond yields also supporting the greenback.

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Forex Today: Aussie keeps losses post-RBA decision, UK services PMI on tap

Forex today witnessed tight trading ranges amid mixed market sentiment, as chances of a global trade war are on the rise, with Mexico, Canada and Europe retaliating to the US metals’ tariffs imposed last week.

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USD/JPY advances to 109.70 as USD gathers strength on upbeat data

The USD/JPY pair, which was able to close the previous week flat after a decisive recovery in the second half of the week, eased to a daily low of 109.37 during the European morning before reversing its course and advancing into the positive territory in the last hour. As of writing, the pair was trading at 109.70, adding 0.15% on the day. The pair's price action on Monday seems to be dominated by the USD's market valuation...

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GBP/USD rejected near 1.3400 mark, surrenders early gains

The GBP/USD pair faced rejection near the 1.3400 handle and quickly retreated around 40-pips from 1-1/2 week tops touched earlier. The pair initially built on last week's recovery move from the 1.3200 neighborhood, or 6-month lows, and was further supported by some renewed US Dollar selling bias, led by escalating trade tensions. The up-move got an additional boost following the release of yet another surprisingly stronger-than-expected UK macro data, this time coming in the form of UK construction PMI.

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USD/CHF remains in red near mid-0.98s ahead of US data

Last Friday, the USD/CHF pair recorded its fourth straight negative weekly close and failed to make a recovery in the first trading day of the new week. After refreshing its daily low at 0.9830 before American traders hit their desks, the pair erased a portion of its losses in the last hour and was last seen trading at 0.9855, where it was down 0.25% on the day. The pair's slump on Monday seems to be caused by a weaker USD rather than a strong CHF...

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Sterling edges up against dollar ahead of construction PMI

The single currency rallied on relief among investors that the new coalition government in Italy does not intend to head back to snap elections or exit the euro. Investors are scrutinising business surveys to try to get a sense of whether the UK economy is picking up in the second quarter after a sluggish start to 2018.

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EUR/USD faces a potential test of 1.1510 – Danske Bank

With the Italian issue set to remain a lingering concern as markets await a political programme from the new government formed on Friday, on the back of the recent data stream confirming the strength of the US economy, we still stress the case for USD strength near term, notably against the euro, and emphasise that our EUR/USD forecasts are under review.

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Forex Today: Aussie lifted by solid Australian data, UK construction PMI eyed

Forex today was driven by the risk-friendly market environment, as upbeat global macro data lifted the overall sentiment, with upbeat Australian dataflow adding to Friday’s solid US jobs report.

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Market Events Ahead

Market events to watch this week

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Forex Week Ahead: Dollar Rises as US Jobs Outperform Despite Trade Fears

The US dollar is higher against major pairs on Friday after a strong US jobs report was published. The U.S. non farm payrolls (NFP) report showed the economy added 223,000 jobs last month driving the unemployment rate to a 18-year low of 3.8 percent. Wage growth surprised to the upside with a 0.3 percent gain that validates the comments from U.S. Federal Reserve members about the need for more rate hikes this year.

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Dollar inches up on stronger-than-expected jobs report

The U.S. dollar inched up on Friday following the release of expectation-beating employment data which stoked inflation fears and prompted traders to raise bets the Federal Reserve will hike interest rates a fourth time this year.

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Sterling stuck near six-month low as strong UK data fails to dispel wider gloom

Sterling languished near a six-month low on Friday despite data showing UK manufacturing growth picked up speed in May for the first time in six months, as worries about Italy’s political crisis and new U.S. trade tariffs dominated the market psyche. Stronger-than-expected economic data this week has...

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USD/CAD neutral, within 1.2820-1.3050 near term – Scotiabank

USDCAD struggled to extend much beyond 1.2980 resistance on Thursday and subsequent congestion has centered around 1.2950. Daily momentum signals are neutral and DMI’s are muted/trendless. The weekly chart is showing a doji (uncertainty) just below the 100 week MA (1.2976).

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Tech Targets: EUR/USD, AUD/USD, NZD/USD - UOB

We highlighted yesterday that the recovery in NZD appears incomplete and there is room for extension to 0.7050. NZD subsequently touched a...

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EUR/USD flirting with lows near 1.1670, Italy, Spain eyed

The pair is now trading on the defensive following two consecutive sessions with gains on the back of a pullback in the greenback and some renewed optimism stemming from the...

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Forex Today: USD bounces in Asia, UK manufacturing PMI, US payrolls eyed

Broad-based US dollar comeback sent most majors into the red zone, with the Aussie having emerged the weakest, despite a positive surprise delivered by the...

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

he bearish phase that started earlier this month remains intact as GBP hit a fresh 2018 low of 1.3205 on Tuesday (29 May) before registering an ‘inside day’ yesterday. While the down-move is...

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Euro rallies as Italy crisis concerns take back seat

Weaker-than-expected economic data from euro zone has raised questions about whether the ECB will, as expected, wind down its 2.55 trillion-euro stimulus program by the...

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USD/JPY remains capped below 109.00 handle ahead of US data

With investors looking past yesterday's softer US macro data, renewed pickup in the US Treasury bond yields was seen as one of the key factors behind the pair's goodish rebound from...

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EUR/CHF stays oversold so far – Commerzbank

“EUR/CHF has recently spiked down to 1.1369. We believe that the move was exhaustive. The daily RSI is in oversold territory. Rallies will find initial resistance offered by the 200 day ma at 1.1657 which is likely to cap. Key resistance is the 55 day moving average at 1.1812, together with the January peak at 1.1833, and while capped here it is offered”.

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GBP/USD creeps back into 1.33 as risk recovery drags the GBP along for the ride

The Sterling has found some much-needed support from 1.3204 after declining over 8% from April's high of 1.4376. A lack of bullish confidence is likely still present, as the GBP rebounds against the Dollar in conjunction with broader market sentiment.

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EUR/USD firmer, closer to 1.1700 ahead of EMU CPI

There are no new headlines coming from Italy other than potential alliances in the upcoming snap elections. The lack of significant newsappears to have removed some tailwinds from the selling mood that hit the shared currency in past sessions.

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GBP/USD remains fundamentally vulnerable to 1.3100 area - Scotiabank

Analysts at Scotiabank explained that UK shop prices remained soft in May, according to the British Retail Consortium’s survey (shop prices were down 1.1% this month overall, after a 1.0% fall in Apr).

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Gold turns positive above $1300 despite improved risk sentiment

For the third straight day, the troy ounce of gold is having a difficult time moving away from the $1300 handle despite the sharp shifts in the market sentiment. After slumping down to $1296, the XAU/USD pair recovered its daily losses and was last seen trading at $1301.50, where it was up $2.5, or 0.2% on the day.

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Euro stuck near 10-month lows as Italy's political crisis deepens

Sources close to some of Italy’s main parties said there was now a chance that President Sergio Mattarella could dissolve parliament in the coming days and...

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Gold holds weaker below $1300 mark

The precious metal, for the second consecutive session, struggled to hold on to its gains beyond the $1300 round figure mark and...

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Forex Today: Yen underpinned by risk-aversion, eyes on politics, German CPI

Meanwhile, the Antipodeans traded mixed, with the Kiwi better bid on upbeat RBNZ Financial Stability Report (FSR). The Aussie suffered on the back of a bigger-than-expected drop in the...

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USD/CAD: market tone is dominating, CAD is a growth-sensitive commodity currency - Scotiabank

Analysts at Scotiabank explained that the CAD is weak, down from Monday’s close and extending its recent decline to fresh multi-month lows, a relative performer among the G10 in an environment of risk aversion and broad-based USD strength.

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Japan’s Close Ties to US does not Shield Japanese Exports

Tariffs on steel, threats of car import levies and intense pressure for a two-way economic deal: despite warm personal ties, U.S. President Donald Trump is giving Japanese Prime Minister Shinzo Abe a decidedly tough time on trade.

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AUD/USD find support ahead of 0.75, recovers from weekly lows as DXY retraces upside

Changes in the USD valuation remains as the primary driver of the pair's price action. Following an upsurge toward the critical 95 mark, the US Dollar Index reversed its course in the last couple of hours as a 2% drop seen in the 10-year US T-bond yield hurt the greenback.

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Sterling slides to lowest since November as dollar extends rally

Sterling has slumped against the dollar since mid-April as expectations of a Bank of England interest rate rise recede, the economy shows signs of weakness and...

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Euro near 6-1/2-month lows on Italy concerns, risk aversion lifts yen

Financial markets fear that the elections, which could take place as early as August, are seen as a quasi-referendum over Italy’s role in the European Union and euro zone and could end up...

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Forex Today: Risk-off Asia drives Yen higher, Focus on Italy/ Spain politics and ECB-speaks

Despite full markets returning, we have little of note to report in the European session, except for the Swiss trade figures and Eurozone money supply data. However, the political drama around Italy and Spain will continue to...

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AUD/USD looks to close day flat near mid-0.75s

The pair's price action on Monday is dominated by the changes in the demand for the greenback. With European currencies suffering losses on political jitters in Italy, investors continue to flee to the USD, which remains a better investment alternative as the hawkish stance of the Fed ramps up the expectations for the bullish rally to continue.

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Gold struggles to find direction, moves sideways below $1300

Political jitters in Italy continues to push investors to safer assets. After rising more than 20 basis points, the 10-year Italian T-bond yield refreshed its multi-year high above 2.7% while the FTSE MIB equity index dropped more than 2.5% as the latest developments point to a new election at the end of the summer. However, despite gold's safe-haven status, the pair is having a rough time gaining traction with the FX interest shifting to the buck.

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GBP/USD drops to 2018 lows as European politics weigh on Pound

The US Dollar Index (DXY) which measures the greenback relative strength compared with a basket of currencies worldwide is hovering near 5-month highs near the 94.30 as traders have been piling in the USD long trades as they expect the Federal Reserve Bank to hike three times in 2018. Market participants are widely expecting the next rate hike at the June meeting of the Federal Reserve.

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EUR/USD extends intraday slide to hit fresh YTD lows

The pair witnessed a dramatic turnaround at the start of a new trading week, with the incoming Italian political uncertainty turning out to be a key driver of the sentiment surrounding the...

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EUR/GBP tumbles to lows, around mid-0.8700s

The market quickly faded early euphoria, led by the failure of an anti-establishment coalition government formation in Italy, with uncertainty over an early election prompting some aggressive selling since the...

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USD/CAD jumps to near 3-week tops, closer to 1.30 handle

Despite a modest US Dollar retracement, led by a sharp spike in the shared currency, the pair continued gaining positive traction at the start of a new trading week. The ongoing slump in...

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Forex Today: Euro rebounds in Asia on Italy news, UK and US out on holidays

Forex today was mainly driven by the Euro rebound from half-year troughs, as the EUR bulls were rescued by the Italian politics. The rejection of the Eurosceptic Italian Economy Minister and the resultant failure to form the coalition government turned out to be...

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Market Events Ahead

Market events to watch this week

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Forex Week Ahead: Geopolitical Tensions Moderate Ahead of US Jobs Week

The US dollar was up against majors pairs on Friday ahead of the release of employment data in America. On a weekly basis the greenback gained against the CAD, EUR and GBP but lost ground against the JPY, AUD and CHF after five days that featured...

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NZD/USD capped at 0.6940, bearish head-and-shoulder in the making

NZD is mimicking its big brother, commodity-linked currency AUD, which has been supported by stronger gold prices this week. In fact, traders rushed to the metal as the geopolitical picture worsened progressively as the week went on.

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Gold unable to break above $1,308/oz as US indices rebound

Following its strong advance from Thursday, the yellow metal found sellers at the 1,307 level in early American trade as US stock indices futures are trying to reverse the overnight losses. It is now trading at round 1,303.60 slightly down on Friday.

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EUR/USD stays near lows around 1.1660 on US data

The pair deepened its leg lower today following a wave of buying orders around the greenback, while results from the US docket have also lent support to the buck. In fact, US headline Durable Goods Orders contracted at a monthly 1.7%, while Core orders expanded 0.9% inter-month.

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GBP/USD flirting with lows, below mid-1.3300s ahead of US data

The GBP bulls also seemed little impressed by the second estimate of the UK GDP growth figures, which matched the preliminary reading and confirmed a tepid growth of...

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Euro set for sixth week of losses as concerns linger

Broader currencies remained in a range with investors digesting a week of heavy newsflow including broadly perceived dovish Fed minutes and mixed European data with the dollar holding below a...

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AUD/USD weakens back closer to mid-0.7500s

The pair continued with its struggled to make it through the 0.7580 supply zone, with lingering US-China trade war fears to weigh on the China-proxy Australian Dollar. The US President Donald Trump raised the spectre of high US tariffs on...

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Forex Today: Yen corrects lower in Asia, German IFO, UK growth figures eyed

Today’s EUR calendar offers the German IFO business climate and the second estimate of UK Q1 GDP, which will be reported at 0830 GMT alongside the release of the prelim business investment and...

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Dollar slips, hits two-week low vs. yen as Trump nixes North Korea summit

The dollar fell against a basket of currencies on Thursday and hit a two-week low against the Japanese yen, after U.S. President Donald Trump called off a summit meeting with North Korean leader Kim Jong Un and as traders booked profits following the greenback’s recent rally.

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Euro edges up as dollar surge loses steam on Fed minutes

The euro rose off a six-month low on Thursday as the dollar faltered but concerns over an economic slowdown in Europe and political risks in Italy continued to act as a brake. The euro is set to be down for a sixth consecutive week against the dollar — the longest weekly losing streak since January 2015...

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USD/JPY bounces off lows, still in red below 110.00 handle

The market now seems to have fully digested Wednesday's FOMC monetary policy meeting minutes, with a modest rebound in the US Treasury bond yields helping the US Dollar to...

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EUR/USD up smalls above 1.1700 ahead of ECB minutes

Spot paid little attention to the release of the FOMC minutes on Wednesday, where the Committee noted that a temporary overshooting of the Fed’s inflation target would be in line with the...

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Forex Today: US dollar sold-off into fresh US tariffs, eyes on UK retail sales

Risk-aversion remained the main underlying theme in Asia this Thursday after Trump brought in fresh tariffs on auto imports while North Korea threatened to call-off the June Summit. The US dollar extended post-FOMC minutes weakness across its...

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GBP/USD downside risks remain - Scotiabank

Analysts at Scotiabank noted that sterling is soft, with Cable reaching its lowest level since Dec. Apr UK CPI data showed prices generally softening, counter to expectations for steady inflation.

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Euro plunges as risk aversion, Italy concerns weigh

The euro fell to near three-month lows against the Swiss franc on Wednesday as fresh data indicating a slowdown in European business activity cast a shadow over the timing of the central bank’s rate hike, while concerns over Italian politics rose.

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Sterling slides to new 2018 low on weak UK inflation

Sterling fell to a new 2018 low on Wednesday after weaker-than-expected UK inflation cast doubt on whether the Bank of England (BoE) will raise interest rates this year. Annual consumer price inflation cooled to 2.4 percent, its weakest increase since March 2017.

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USD/JPY plummets to lows, farther below 110.00 mark

Geopolitical tensions resurfaced after the US President Donald Trump casted doubt on the upcoming historic summit with North Korea in June. Trump also tempered optimism over the progress made in the recent US-China trade talks and...

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USD/CAD jumps back above mid-1.2800s, closer to weekly tops

Currently trading near the 1.2870 region, the pair has now moved within striking distance of weekly tops set on Monday and a subsequent move back towards the 1.2900 handle, amid some repositioning trade ahead of...

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Forex Today: Risk-off grips Asia - Yen outperforms, Eurozone flash PMIs, UK inflation - Up next

On the fx front, the Yen emerged the clear winner amid risk-off markets that sent the Yen crosses sharply lower while both the Antipodeans were broadly dumped. The Kiwi slumped below the 0.69 handle, as markets digested RBNZ’s dovish comments, floating negative cash rates. Its OZ neighbor, the AUD, slipped to...

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AUD/USD up for the third day, holds near 0.7600

The AUD/USD pair is consolidating near 0.7600, on its way for the third consecutive daily gain. The Australian dollar is among the top performers supported by risk appetite, positive expectation on US-China trade negotiations and...

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WTI eases from multi-year tops, around $72.30 ahead of API

Prices of the barrel of the American benchmark for the sweet light crude oil keep the upper end of the range so far on Tuesday, navigating near earlier more than...

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EUR/GBP trades below the 0.8800 handle ahead of UK’s inflation on Wednesday

Earlier in the European session, the Bank of England’s officials testified on the economic and inflation outlook before the Parliament’s Treasury Select Committee (TSC). Without any surprises, the comments were...

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Dollar slips as rally loses momentum

The dollar fell on Tuesday from a five-month high, losing momentum after a broad rally prompted by rising U.S. bond yields and relief at an easing in U.S.-China trade tensions.The dollar’s index against a basket of six major currencies last...

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USD/JPY recovers early lost ground, retakes 111.00 mark

The pair extended overnight retracement slide from over 4-month tops and was further weighed down by a negative trading sentiment around equity markets, which was seen underpinning the Japanese Yen’s safe-haven demand.

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USD/CAD break below 1.2850 and extends correction

The modest decline was driven by a weaker US Dollar across the board particularly against commodity and Emerging Market currencies. Another factor supporting the downside was crude oil. The WTI rose to...

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Gold capped at $1290.00/oz amid risk-on mood

On Saturday, the US and China had constructive talks over the trade war dispute. Steven Mnuchin, US Treasury Secretary’s recent positive comments saw the markets enter in the risk-on mood on Monday. As gold is seen as a safe-haven asset, investors sold the...

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EUR/USD upside capped around 1.1780

On the opposite side, the buck clinched fresh tops above the 94.00 mark albeit sellers stepped in soon afterwards, sparking the ongoing correction to the 93.70 region amidst some consolidation of...

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USD/JPY recedes from tops, around 111.30 ahed of Fedspeak

The rally in the greenback continues to support the up move in USD/JPY, this time climbing to the 111.40 zone, or fresh 4-month peaks. Spot is so far advancing for the ninth consecutive week, gaining almost 7% since yearly lows in the mid-104.00s recorded in late March and...

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Sterling falls as dollar climbs, EU customs union concerns weigh

The British pound fell on Friday as the U.S. dollar resumed its rally, with confusion about whether Britain would stay in the European Union’s customs union after it leaves the bloc also weighing on the currency. Prime Minister Theresa May said on Thursday Britain would leave the EU customs union after...

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