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This week’s growth revisions have underpinned the downside risk to global activity this year...

The GBP/USD pair quickly reversed a dip to an intraday low level of 1.2921 and rallied nearly 50-pips in the last hour, now eyeing a move towards the overnight swing high...

The precious metal reversed an early dip to over one-week lows and refreshed session tops, around the $1310 region in the last hour amid reviving safe-haven demand...

 Over the past two weeks or so, the cross has been correcting from near two-month tops along a descending trend-channel formation on short-term charts...

The European Union cut the growth forecast of the euro-zone from 1.9% to only 1.3% in 2019. The fresh data is even worse for Italy, the third-largest economy. The European Commission sees a meager growth rate of 0.2% against 1.2% originally forecast...

Gold dropped to fresh session low in the last hour, around the $1313-12 region, and has now erased a major part of the previous session's modest uptick.The precious metal failed to build on the overnight attempted bounce from closer to...

he GBP/USD pair quickly reversed an early European session dip to two-week lows and rallied around 40-45 pips to refresh session tops in the last hour.Despite a series of weak PMI prints recently, which reaffirmed the...

Senior FX strategist at Rabobank, expects EUR to face difficulty in gaining traction vs. the USD in the months ahead because of the current downside risks to Eurozone growth and the political issues risks stemming from trade wars in addition to the European parliamentary elections...

Commodity currencies outperformed against the US dollar after the Fed clearly signalled that rates are going nowhere anytime soon, also shrugging off a very strong nonfarm payroll number. Strong corporate earnings and no major hiccups with trade talks also helped drive equities higher on the week...

We have held the same view since Monday (28 Jan, spot at 1.1410) wherein there is “room for EUR to test 1.1490”. We had doubts about the “the sustainability of the advance” but added, “a daily closing above 1.1490 would indicate that EUR is ready to challenge the...

Karen Jones, analyst at Commerzbank, explains that the GBP/USD pair continues to consolidate very near term and remains underpinned by the near term uptrend at 1.3035...

The EUR/JPY pair came under a renewed selling pressure in the second half of the day and dropped to its lowest level since January 25 at 124.49. As of writing, the pair was losing 0.43% on the day at 124.55...

The authors of a report released by EconPol Europe have urged the UK and EU to drop the backstop solution for Northern Ireland and instead lift the time limit on the provisional agreement while working on an ambitioned customs union. In the report, released today...

The Australian Dollar (AUD) recovered all of its Tuesday's losses and gained 50-pips towards marking the Wednesday's high of 0.7200 after the fourth-quarter inflation rose 1.8% y/y, beating the market estimates.The Aussie became the only G10 currency appreciated across the ...

The march north in EUR/USD appears to have met a tough resistance in the 1.1450 region, where sits the key 100-day SMA...

Investors who are hoping the Federal Reserve signals a change or adjustment in its balance sheet policy on Wednesday are likely to be disappointed, economists said.To reduce its $4 trillion holdings of Treasurys and mortgage-backed securities amassed during the...

The GBP/USD pair came under a renewed selling pressure in the last hour and dropped to a fresh session low of 1.3130 before recovering modestly. As of writing, the pair was down 0.1% on the day at 1.3150...

There is not much to add to the update from yesterday (28 Jan, spot at 1.1410). As highlighted, while further EUR strength is not ruled out, we have doubts about the sustainability of the current advance. However, there is room for a test of the 1.1490 resistance but only a...

After plunging sharply last Thursday (24 Jan) and breaking several strong support levels with ease, the abrupt and strong reversal on Friday (25 Jan) came as a surprise (EUR posted a huge gain of +0.95% on Friday, the largest 1-day advance in 7 months). The break of the ...

The US dollar is weaker across the board on Friday after President Trump reached a deal to reopen the Federal government. Washington will continue to operate amidst political uncertainty at the discussed agreement is only until February 15 when a new...

Poloz said that they could see some spillover from the government shutdown in the U.S. Earlier in the day...

“EUR is under mild downward pressure and could test the 1.1330 support”. After about a week of ‘grinding’ price action, EUR touched 1.1333 during NY hours before recovering quickly...

The EUR/JPY pair is moving sideways on Monday ahead of this week's critical central bank events...

EUR is under mild downward pressure and could test the 1.1330 support”. EUR has edged lower and on last Friday, it made a ‘fresh’ low of 1.1350. The price action reinforces ...

The US dollar rally continues to be supported by strong US data, accommodative comments from Fed officials, and a very strong US stock market. This week also saw big shifts in interest rate probabilities, the market shifted from seeing the next move go from a cut to now favouring a rate hike. Next week will p

Forex today cheered a risk-friendly market environment, as the revival of hopes over the US-China trade resolution boosted the sentiment across Asia. Among the Asia-pac currencies, the Yen traded on the ...

EUR edged below Tuesday’s (15 Jan) low of 1.1378 and touched 1.1374 before recovering slightly. The price action reinforces our view wherein EUR is “under mild downward pressure” and we continue to see chance for a test of the 1.1330 support...

The strength of last night’s vote in the UK’s House of Commons against PM May’s Withdrawal bill makes it very clear that there is no deal in place between the UK and the EU...

EUR has likely ‘lapsed’ back into a consolidation phase and is expected to trade sideways within a 1.1410/1.1550 range. EUR subsequently cracked the bottom of the expected range at 1.1410 with ease and dropped to a low of 1.1378 before ending the day on a weak note...

The British pound bounced around Tuesday, briefly pushing to pushing to levels not seen since mid-November, hours ahead of a crucial vote on an exit plan for the U.K. to leave the European Union...

While the ‘key support’ indicated at 1.1440 is still intact (low of 1.1455 last Friday), the weak daily closing in NY (1.1468, -0.26%) suggests that our expectation for EUR to test the major 1.1620 resistance level is likely wrong. However...

The US dollar continues to weaken in 2019, this week’s decline was supported by the Fed’s Minutes and a busy week of FOMC talk that cemented views that the Fed can wait on the next interest rate hike. The narrative now shifts from central bank focus to Brexit and earning seasons...

The increasing chances of a pause in Fed interest rate increases, underscored by Chairman Powell's latest comments, mean the dollar will get its comeuppance for last year's broad rally, and nowhere will that be more apparent than against the yen...

According to analysts at Rabobank, the minutes of the December 18-19 meeting clearly depicted the cautious tone of Fed speakers since the December meeting and the projection of two hikes in 2019 was made with this caution in mind...

We highlighted yesterday that “we have doubts about the sustainability of EUR strength” and added, “we would adopt a more positive view on EUR if it closes above 1.1500 in NY”. The major 1.1500 level remains unthreatened as EUR eased off from a high of 1.1485. In other words, there is ...

Despite the relatively strong advance of +0.71% yesterday (NY close of 1.1474), we have doubts about the sustainability of EUR strength. However, the current level of 1.1475 is not far from the top of our expected 1.1320/1.1500 consolidation range and a break of 1.1500 would not be surprising...

The US dollar had a tough first week of 2019. The greenback is lower against most major pairs as market optimism of two rate hikes from the U.S. Federal Reserve have virtually evaporated. Mixed economic indicators and a neutral to dovish Fed Chair Powell put...

We highlighted yesterday EUR “may struggle to maintain a toehold above 1.1500” but the sharp and rapid drop from a high of 1.1497 came as a surprise. The sudden turnaround has shifted the pressure quickly to the downside...

The USD/JPY pair dipped below the 109 mark for the first time in more than 7 months on Wednesday during the European trading hours but was able to retrace the majority of this drop in the second half of the day supported by improved ...

While EUR traded within a relatively narrow 179 pips since late November (between 1.1266 and 1.1485), it closed on a firm note the past couple of trading days. We expect further up-move in the coming weeks even though lackluster upward momentum suggests EUR could struggle to ...

In forex today, markets have ground to a near-halt heading into the New Year's shutdown to round out the holidays, and although the latter half of this week could see an influx of fresh volumes into the broader markets, the fx marketspace remains tepid as investors take a...

Dollar bulls have wined and dined like kings and queens in 2018. The greenback appreciated the most against the emerging market currencies. The earlier part of the year saw the focus on rising US interest rates and political stories lead the way...

Oil prices climbed higher after the weekly DOE crude inventories fell by 46,000 barrels last week, the market consensus was for a decline of 2.5 million barrels. The reason oil prices edged ...

The EUR/USD pair trimmed a part of its early gains to fresh weekly tops but has managed to hold with modest daily gains, around the 1.1450 region...

The U.S. dollar weakened on Thursday, nearly erasing its Boxing Day gains, while haven currencies strengthened, amid a fresh retrenchment in risk appetite, a day after stock markets staged a historic burst higher...

These projections were introduced by the previous Chair Yellen to give the market a sense of certainty that policy would stay accommodative for a long time. They were intended to send a message to encourage animal spirits in the economy...

Japanese stocks plunged Tuesday and other Asian markets declined following heavy Wall Street losses triggered by President Donald Trump’s attack on the U.S. central bank...

In forex today, risk-based pairs drifted quietly higher, though overall markets remain tepid with pre-holiday volumes keeping action constrained near familiar levels...

What a week for bears and volatility! The highly anticipated Fed event delivered volatility that brought down all the major indexes to their knees. The Fed raised rates, reduced their ...

Indications from the Fed that their rate hike cycle is complete after tomorrow, progress on U.S.-Sino trade relations and improved sentiment regarding global growth could all help ease downward pressure on AUD/USD...

Gold is trading at $1,247/oz, practically flat for the day. Hours ago reached the highest level in a week at $1,250.20. The area around the critical $1,250 level capped the...

EUR/USD will struggle to gain from a kinder gentler FOMC, even though the big downside surprise in today's NY Fed manufacturing bolstered the view that the U.S. central bank will temper its hawkish stance after this week's meeting...

The EUR/USD pair is on a steady rise above the 1.13 handle so far this Monday, with the bulls having gathered strength in Europe, as the US dollar correction across the board regains momentum...

Safe-haven currencies soared on Friday as disappointing data from China and Europe heightened concerns over global growth. The greenback finished the week stronger against its major trading partners as...

EUR recovered and the bottom of our expected 1.1300/1.1440 consolidation range at 1.1300 remains unchallenged (low of 1.1311). Despite the recovery, the underlying tone remains soft and we continue to see chance for EUR to dip below 1.1300. However, as ...

Major currencies traded in a tight range on Thursday, struggling for drivers. The euro slipped earlier in the session, after European Central Bank President Mario Draghi sounded more downbeat than expected in the central bank’s last news conference of the year....

EUR recovered and the bottom of our expected 1.1300/1.1440 consolidation range at 1.1300 remains unchallenged (low of 1.1311). Despite the recovery, the underlying tone remains soft and we continue to see chance for EUR to...

The European Central Bank is fully expected on Thursday to affirm its plan to end its bond-buying program at year-end. But investors expect less clarity when it comes to signaling when Mario Draghi and fellow policy makers will move to ...

There is not much to add to yesterday’s (11 Dec, spot at 1.2565) update. As highlighted, downward momentum has picked up strongly and GBP is still clearly under pressure. That said, the rapid decline over the past several days appears to be ...

EUR edged above the top of our expected 1.1300/1.1440 consolidation range yesterday but dropped sharply after touching 1.1443. The price action reinforces our current view wherein EUR is “caught in a consolidation range for now”...

There is not much to add as EUR closed little changed in NY last Friday (1.1376, +0.01%). While the underlying tone has strengthened somewhat, we continue to hold the view that EUR is “caught in a consolidation range for now” and is likely to trade sideways...

Forex Today in the Asian trading session witnessed good two-way businesses while the US dollar extended its move lower amid growing concerns over the US economic outlook, in light of Friday’s downbeat US NFP report.

Gold extended its steady decline through the early European trading session and eroded a major part of the previous session's strong up-move to five-week tops. The US Dollar built on its modest rebound and turned out to be one of the...

EUR/USD: EUR is caught in a consolidation range for now; GBP/USD: Neutral: GBP could move below the year-to-date low of 1.2662. NZD/USD: Shift from neutral to BULLISH*: Target a move to 0.7000...

The General Advocate for the European Court of Justice published an opinion in which he said that the UK could unilaterally revoke Article 50. While this is not a binding ruling, these opinions turn into decisions more often than not...

Although the GBP/USD pair took advantage of the broad-based USD weakness and rose above the 1.28 handle on Monday, it failed to extend its rally in the second half of the day and erased its daily upside. As of writing, the pair was...

EUR/USD: Neutral: EUR is caught in a consolidation range for now; GBP/USD: Neutral: GBP could move below the year-to-date low of 1.266; AUD/USD: Neutral: AUD is expected to move higher to 0.7410...

The US dollar is higher against most major pairs on Friday ahead of the G20 meeting. The greenback fell across the board on Wednesday after the market took the comments from Fed Chair Powell on interest rates to mean less rate hikes from the...

Beginning with their central view on the economy, Vice Chair Clarida made clear that US economic momentum remains “robust, as indicated by strong growth in gross domestic product (GDP) and a job market that has been surprising on the upside for...

The US Dollar’s bullish trend has finally found some resistance off of the 97.50 level, and this was helped in-part by a speech from FOMC Chair, Jerome Powell yesterday. In that speech, Mr. Powell shared a differing view on the Fed’s proximity to...

EUR/USD: Neutral: Risk of a short-term bottom has increased;GBP/USD: Neutral: GBP could move below the year-to-date low of 1.2662; AUD/USD: Neutral: Prospect of 0.7199 as a short-term bottom is quite high...

Estimates of neutral policy rate, maximum employment highly uncertain; Gradual rate hikes meant to keep risks at bay, learning ...

Analyst at Commerzbank, suggests that the EUR/USD has seen a slight erosion of the 1.1300 August and October lows and the market needs to overcome the current November high at 1.1500 to alleviate immediate downside pressure and...

U.S stock futures are lower; along with European shares while gains in Asian equities were capped overnight after President Trump’s comments on further Chinese tariff hikes casted doubt on an ending to a trade war between the worlds two largest economies...

EUR/USD: Neutral: EUR to trade sideways for now; GBP/USD: Neutral: Diminished prospect of GBP making fresh 2018 low; AUD/USD: Neutral: Short-term top in place; AUD to trade sideways for now...

Analysts at Danske Bank explain that the EUR/USD has been dragged down by the marked divergence in growth momentum still visible in PMIs on Friday and cyclical dispersion is set to remain a key factor near term...

EUR/USD: Neutral: EUR to trade sideways for now; GBP/USD: Neutra: Diminished prospect of GBP making fresh 2018 low; AUD/USD: Neutral: Short-term top in place; AUD to trade sideways for now...

The dollar was higher on Friday against most major pairs. The greenback gained the most against the EUR as disappointing PMI surveys and the uncertain future of the Brexit deal ahead of the weekend took its toll on the single currency...

"If - and it's a very big if - the British Prime Minister can defy the odds and persuade parliament to approve her Brexit deal in December, then we think this would keep the Bank on-track to hike rates in May 2019, potentially followed by a second increase in November," explain ING analysts...

After an initial uptick to 1.1420 region, the EUR/USD pair met with some aggressive supply and tumbled to the lower end of its weekly trading range. The shared currency's sudden collapse of over 50-pips during the early...

British Prime Minister Theresa May's spokesman crossed the wires in the last hour saying that the UK had no further demands in Brexit negotiations ahead of the EU summit on Sunday.

Gold prices edged higher on Thursday and moved within striking distance of two -week tops set in the previous session. A combination of supporting factors helped the precious metal to...

Recent rhetoric from the Governing Council has suggested that the December meeting will be...

EUR/USD: Neutral : Upward pressure has eased; EUR to trade sideways for now; GBP/USD: Neutral: Prospect of a fresh low for the year has increased;AUD/USD: Neutral: Short-term top in place; AUD to trade sideways for now...

The US dollar consolidated the overnight bounce across the board in Wednesday’s Asian trading, as most majors breathed a sigh of relief. The Antipodeans benefited the most amid a bounce in oil prices while the Loonie traded better bid near the 1.33 handle. The Aussie extended the...

After the EUR/USD's fantastic decline on Tuesday, the pair is seeing a mild bounceback into the 1.1385 region, though major intraday resistance rests at the 38.2% Fibo level of yesterday's contraction sits in confluence with the 1.1400 handle...

EUR/USD: Neutral: Rebound in EUR could extend further to 1.1500; GBP/USD: Neutral Prospect of a fresh low for the year has increased;AUD/USD: Neutral: Next level to focus on is at 0.7380...

Forex today in Asia witnessed risk-off market profile for the second day in a row this Monday, as the Asian stocks tracked the heavy losses in their Wall Street counterparts. Amid risk-aversion, the Aussie was the biggest loser while the Yen recovered ground and...

Additional comments from New York Fed President continue to cross the wires.

Gold came under some fresh selling pressure at the start of a new trading week and eroded a part of Friday's strong up-move to over one-week tops. The Fed Vice Chairman Richard Clarida's dovish comments on Friday, saying that...

EUR/USD: Neutral- Rebound in EUR could extend further to 1.1500. GBP/USD: Neutral: Prospect of a fresh low for the year has increased; GBP/USD: Neutral- Prospect of a fresh low for the year has increase; AUD/USD: Neutral- Next level to focus on is at 0.7380...

The US dollar is weaker across the board on Friday. The comments from U.S. Federal Reserve Vice-Chair Richard Clarida on interest rates nearing a neutral rate were dollar negative. Rising optimism about the US-China trade disagreement also depreciated the greenback as investors exited the...

The European Central Bank (ECB) President Draghi is on the wires now, via Reuters, delivering the keynote speech at the Frankfurt European Banking Congress. Key Headlines:

EUR/USD: Neutral - Downward pressure has eased, EUR to trade sideways; GBP/USD: Neutral: Prospect of a fresh low for the year has increased;AUD/USD: Neutral- October’s peak of 0.7315 is back in sight...

EUR/USD has posted slight losses on Thursday session, wiping out the gains seen on Wednesday. In the European session, the pair is trading at 1.1299, down 0.10% on the day. On the release front, the sole indicator is eurozone trade balance...

EUR/USD: Neutral: Diminished odds for a break of 1.1200; GBP/USD: Neutral : GBP is likely trading within a broad range; AUD/USD: Neutral ;October’s peak of 0.7315 is back in sight...

Gold prices struggled for meaningful upside progress despite a weaker US Dollar, which typically boosts anti-fiat demand for the yellow metal. That might reflect traders’ unwillingness to commit ahead of key event risk on the horizon...

The European currency is looking to add to Tuesday’s rebound, prompting EUR/USD to return to the 1.1300 neighbourhood. EUR/USD looks to Brexit, Italy, data...now struggling to advance further north of the 1.1300 handle...

The US dollar profit-taking was the key underlying theme in Asia this Wednesday, in response to the increased demand for the GBP and Euro on a potential Brexit deal. The GBP/USD pair jumped to 1.3050 in early trades on reports that the key UK Cabinet Ministers will support the...

EUR/USD: Neutral - Break of 1.1200 could open up the way for further rapid drop.GBP/USD: Neutral - Still in range but risk of a break of 1.2800 has increased. AUD/USD: Neutral - Diminished odds for further AUD strength...