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The European Central Bank was expected to cut the interest rate by 10 basis points from -0.40% to -0.60% and also extend its commitment to maintaining low-interest rates for longer. However...

Gold traded with a positive bias through the early European session on Wednesday and recovered a part of the previous session's slide to over four-week lows...

German Chancellor Merkel is reported by Reuters as saying that “we still have every chance of orderly Brexit”...

Here is what you need to know on Wednesday, September 11:

EUR/USD has already entered the pre-ECB lull, trading in a consolidative fashion around the 1.1040/50 area...

The GBP/JPY cross seesawed between tepid gains/minor losses through the European session on Tuesday and consolidated the recent up-move to over one-month tops...

EUR/JPY has resumed the upside so far this week, managing to leave behind Friday’s retracement and advance to 4-week tops beyond 118.00 the figure...

The US dollar is lower against major pairs on Friday after the U.S. non farm payrolls (NFP) came in lower than expected by 30,000 jobs. The final data point was ...

DXY is struggling for direction in the 98.40 region, managing to rebound from Thursday’s lows near the 98.00 handle.

The recovery in EUR/JPY has already left behind the 10-day SMA and the 21-day SMA at 117.33 and 117.72, respectively...

Gold dropped to fresh two-week lows during the early European session on Friday, albeit has still managed to hold above the key $1500 psychological mark...

Open interest in EUR futures markets from CME Group noted investors added around 9K contracts on Tuesday, the fifth build in a row and the largest single-day increase since...

Further comments are out from the European Central Bank (ECB) President Nominee Lagarde, with the key headlines noted below...

The GBP/JPY cross quickly reversed the UK services PMI-led dip and climbed to fresh weekly tops - around the 129.30 region in the last hour.

According to analyst at Commerzbank, GBP/USD has eroded the 20 day ma and is now back under pressure...

Analyst at Westpac, points out that the RBA statement sparked a bounce to 0.6710/15, presumably reflecting the 10% chance of a rate cut implied by money markets and language that reiterated the easing bias but offered no specific hint about when another move might come....

EUR/USD is intensifying the leg lower today, extending the recent breakdown of the psychological support at 1.10 the figure...

Further downside to the 1.0930 region in EUR/USD is not ruled out, according to FX Strategists at UOB Group...

FX Strategists at UOB Group noted Cable is likely to remain sidelined for the time being, although a move lower should not be discarded...

EUR/JPY remains on the defensive very near term, its recent low at 116.42 was not confirmed by the daily RSI and we have a second 13 count and TD support at 116.36 - we therefore suspect the down move may be over for now...

Labor Day will not be quiet at all, as the US-China trade war remains tense, as certain tariffs kick in and will start to weigh on the US economy. Politics will remain a focal point as some UK officials will try to stop Boris Johnson’s plan to suspend Parliament...

The US dollar is lower across the board against major pairs at the end of a volatile Friday. The speech by Fed chair Jerome Powell at Jackson Hole was the main event in the radar before China announced it was escalating its trade war with the US...

The GBP/USD pair quickly reversed an early dip to the 1.2100 neighbourhood and rallied around 35-pips on upbeat UK macro data, albeit lacked any strong follow-through...

EUR/USD is prolonging the bounce off YTD lows near 1.1020, re-gaining over a cent and re-focusing on a potential visit to the 21-day SMA at 1.1183 in the near term...

Here is what you need to know on Monday, August 5th:

This week has seen the focus remain on central bank, particularly the disappointment with their ability to do what the market demands of them.Last week it was Mario Draghi and the ECB that...

Here is what you need to know on Thursday, August 1st, European session...

As was widely expected, the Fed lowered its...

Bank of England (BoE) will announce its decision on policy rate at 13:00 CEST, followed by the inflation report, which could reveal above-target inflation. In line with unanimous ...

“Expectation for USD to edge above 109.00 yesterday did not materialize as it slipped after touching 108.94. Upward momentum has waned and the current...

“The question still on investors’ minds is by how much the Fed will cut, and whether there’ll be any messages about the future path of rates going forward...

While we held the view yesterday (30 Jul, spot at 1.2225) that GBP has moved into a ‘negative phase’ and that it “could trade to 1.2110”,..

Gold struggled to capitalize on the overnight goodish up-move and traded with a mild negative bias through the early European session on Tuesday...

BoJ kept its monetary policy unchanged at their meeting overnight maintaining the settings on its yield curve-control program and asset purchases while also keeping its interest rate pledge the same as before...

After EUR traded within a wide range of 1.1100/1.1187 last Thursday (25 Jul), we indicated on Friday (26 Jul, spot at 1.1145) that it is “too early to tell whether EUR could move and stay below 1.1100”. ..

The selling bias around the British Pound has gathered extra pace in the past hours and is now pushing EUR/GBP further north of the psychological 0.90 handle, or fresh 2-week highs...

The BoJ has sounded more dovish of late, highlighting downside risks from weaker external demand while keeping their options open to further easing should the economy lose momentum...

The week-long ‘sideway-trading phase’ that started on (19 Jul, spot at 1.2540) has ended as GBP not only cracked the bottom of our expected 1.2400/1.2580 range last Friday (26 Jul) but also registered a fresh year-to-date (and two-year) low of 1.2377. ..

The Canadian dollar fell 0.92 percent against the US dollar in the last five trading sessions. The loonie is trading at 1.3180 versus the USD after the...

The pair clinched fresh 2019 lows just above the 1.1100 handle although sellers were unable to drag it lower...

Rabobank analysts point out that in the UK, the Conservative party has elected Boris Johnson to be the new leader of the party and Prime Minister (PM) of the country and his first speech and cabinet appointments reflect his tough electoral rhetoric on Brexit...

ANZ analysts suggest that the most talked about event in financial markets in recent months, the July FOMC meeting, is the key risk event in the week ahead...

EUR/USD remains well under downside pressure after recently breaching the key contention area at 1.1181/76...

Gold reversed an early dip during the Asian session on Thursday and climbed to fresh session tops, around the $1427 region in the last hour...

Danske Bank analysts suggest that today's key event will be the ECB meeting as with economic data remaining lacklustre, the case for additional stimulus has strengthened...

Gold prices edged higher through the early European session on Wednesday and recovered a part of the previous session's slide to near one-week lows...

Like his predecessor, the new PM is likely to face an uphill battle given the divided parliament and no consensus on the shape of a Brexit deal among...

The selling bias around the single currency stays everything but unabated so far today, with EUR/USD recording fresh multi-week lows in the vicinity of 1.1120...

Extra buying impulse should lift the index to June tops around 97.80, at shouting distance from the key barrier at 98.00 the figure...

EUR could drift lower to 1.1195. Expectation for EUR to “dip below the strong 1.1200 support” did not materialize as it traded within a tight range of 1.1204/1.1225. The underlying tone still appears soft and from...

fears that weak demand will negate OPEC+ cuts, speculation that millions of Iranians barrels are about to hit the market and outsized US inventories have depressed crude oil prices recently...

The GBP/USD pair finally broke down of its Asian session consolidation phase and dropped to fresh session lows, around the 1.2475 region in the last hour...

EUR could dip below the strong 1.1200 support but 1.1180 is unlikely to come into the picture. We highlighted last Friday that EUR “could continue to trade in a choppy manner”...

The inconclusive price action is prevailing around the European currency at the beginning of the week, meandering the proximity of 1.1200 the figure in the wake of Friday’s sharp drop...

US stocks slipped from record highs following a wrath of mixed earnings results and despite a strong signal from Federal Reserve officials that they are ready to cut interest rates at the end of the...

In view of analysts at ING, GBP has staged a timid rebound after dramatically falling on Tuesday...

According to analyst at Commerzbank, USD/JPY has eroded the 107.81 5th June low and is back under pressure...

EUR is expected to trade sideways, likely between 1.1200 and 1.1245. Yesterday, we were of the view the “weakness in EUR is expected to extend lower but major 1.1180 support is unlikely to yield so easily...

Gold remained under some selling pressure for the third consecutive session on Wednesday and dropped to one-week lows, around the key $1400 psychological mark in the last hour...

Weakness in EUR is expected to extend lower but major 1.1180 support is unlikely to yield so easily. Expectation for EUR to trade sideways was incorrect as it staged a surprisingly deep decline but the down-move was checked by the strong...

The ongoing rebound in the demand for the single currency is now lifting EUR/JPY to the area of daily highs in the 121.40/454 band...

Analysts at TD Securities point out that the Canada’s existing home sales for June will be published at 9:00 ET, with the market looking for sales to remain largely unchanged at +0.1% m/m.

EUR is expected to trade sideways, likely within a 1.1245/1.1290. EUR traded in a relatively quiet manner between 1.1236 and 1.1275, narrower than our expected sideway trading range of 1.1225/1.1280....

EUR investors may take a wait-and-see attitude today ahead of the ZEW survey tomorrow and, most importantly, the inflation report on Wednesday, writes FX Strategist at ING...

The Canadian dollar rose on Friday and on a weekly basis gained 0.40 percent versus the dollar. The loonie is trading at 1.3026 despite the Bank of Canada (BoC) holding the Canadian benchmark untouched and...

According to the global head of strategy at ING, narrative on the US dollar is slowly moving onto its next chapter as the Fed has connected the dots between Trump’s trade war and US business confidence, it seems that any news on increased trade tension is having a diminishing marginal positive impact on the dollar...

Immediate bias is for EUR to test the bottom of the expected 1.1225/1.1280 sideway trading range. Our view yesterday was that there is “room for EUR to test 1.1285 but a move beyond 1.1310 is not expected”...

Policy outlook could easily go in either direction with a cliff-edge Brexit; Public uncertainty about BOE policy reflects general political and economic uncertainty...

Gold failed to capitalize on the early uptick to weekly tops and dropped to fresh session tops in reaction to hotter-than-expected US core CPI print....

Room for EUR to test 1.1285 but a move beyond 1.1310 is not expected. EUR surged during NY hours and took out a couple of strong resistance levels with ease. While the advance appears to be running ahead of itself, there is...

UK banks are resilient to a worst-case disorderly Brexit, but such an event will cause significant market volatility, the Bank of England said in its Financial Stability Report on Thursday...

Gold quickly reversed an early Asian session dip to sub-$1400 level and was now seen building on Friday's late rebound from the post-NFP swing lows. The headlines NFP showed that the...

EUR could test 1.1200 but the mid-June low of 1.1180 is not expected to come into the picture for today. Strong US jobs data sent EUR plummeting to a low of 1.1205. The sharp decline is running too fast, too soon and while a test of 1.1200 would not be surprising...

The US dollar has been consolidating its significant gains after Friday's upbeat jobs report;The Turkish lira is plunging after the president sacked the central bank governor;Fed Chair Jerome Powell's all-important testimony is awaited...

How big will the punch bowl be this time around? Financial markets are convinced the Fed is set to commence on an easing cycle this summer, but if we see Fed Fund futures price in only two rate cuts this year...

According to analysts at ING, with the release of June nonfarm payroll data and Fed rate expectations, the US dollar is facing a crossroads...

Danske Bank analysts point out that oil is generally trading on the weak side, setting up for the biggest weekly decline since May...

Analysts at TD Securities are looking for the US payrolls to increase 150k in June, following the soft 75k print in the previous month...

Analyst at Westpac, points out that the RBA’s cash rate cut to a record low 1.0% was clearly flagged by Governor Lowe beforehand and in the statement and subsequent speech...

The European Central Bank (ECB) Chief Economist Philip Lane is on the wires now, via Reuters, speaking at a conference hosted by the central bank on the theme 'Challenges in the digital age'...

Gold prices edged lower on Thursday and dropped back closer to the previous session swing low, around the $1413 region...

EUR/USD extended the recent breakdown of the 200-day/week SMA in the mid-1.1300s and dropped to multi-day lows in the vicinity of 1.1270...

Senior Asia-Pacific rates strategist at TD Securities, points out that the RBA cut the cash rate today to a record low of 1% and is the first time it has cut the cash rate in consecutive meetings since 2012.

Rapid drop in EUR has room to extend a little further but weakness is likely limited to 1.1255. We highlighted yesterday that the recent consolidation “appears to be close to completion” and added...

The Canadian dollar rose 1.03 percent in the last five trading sessions. The loonie is trading at 1.3085 after monthly GDP data was higher than forecasted at...

Westpac analysts suggest that in the G20 meeting, financial markets appear to be a lot more interested in the bilateral meetings that will take place on the side, especially between US President Trump and Chinese President Xi...

Analyst at Commerzbank, suggests that USD/JPY’s correction higher has so far been thwarted by the 20 day ma at 108.05, and the market stays immediately offered below the near term downtrend at 108.23...

The pair extended its recent bearish trajectory from levels beyond the 1.3400 round figure mark and remained under some selling pressure for the fifth consecutive session on Friday, also marking its eighth day of a downtick in the previous nine...

Gold edged higher through the early European session on Thursday and is currently placed at the top end of its weekly trading range, above the $1335 level...

EUR is expected to extend its decline but strong 1.1250 support is unlikely to come under threat for now. Instead of “edging above last week’s 1.1347 peak”, EUR plummeted after touching 1.1343.

The UK Prime Minister (PM) Candidate is on the wires now, via Reuters, making some comments on a potential no-deal Brexit ahead of the first round of Conservative voting due later today.

...market sentiment has been buoyed by the deal struck between the US and Mexico to control migrant flows, thereby avoiding the imposition of tariffs threatened by the US at the end of May...

EUR could edge above last week’s 1.1347 peak but 1.1380 is unlikely to come into the picture. While our view for EUR to trade sideways yesterday was not wrong, the registered range of 1.1300/1.1337 was narrower than our expected...

Draghi is due to deliver the opening address at the ECB conference on Central, Eastern, and South-Eastern European countries (CESEE).?", in Frankfurt. The conference is based on the theme of "Resilience to global headwinds. His speech is scheduled at 0815 GMT and is expected to last for about 15 minutes...

TD Securities analysts suggest that strong fundamentals are likely to offer support in the near term at $50/bbl and $60/bbl for WTI and Brent respectively after crude oil felt the burn from the Mexico and China trade war worries, while also having to contend with bearish US inventory stats...

Gold finally broke down of its Asian session consolidation phase and retested its immediate horizontal support near the $1325-24 region in the last hour...

24-HOUR VIEW EUR is expected to trade sideways, likely within a 1.1280/1.1340 range. In line with expectation, EUR traded sideways even though the registered range of 1.1288/1.1337 was narrower than...

The European Union Commissioner Pierre Moscovici is out on the wires now, via Reuters, making the following comments in his speech in Tokyo...

Gold remained under some heavy selling pressure through the early European session and dropped to multi-day lows, around the $1325 region in the last hour...

EUR is expected to trade sideways, likely within a 1.1280/1.1340 range. The strong and swift advance in...