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Analyst at Danske Bank, notes that the GBP weakened against EUR yesterday, on a day full of headwinds.

Risk aversion ran wild as stock markets and other risk assets plummeted on global tariff escalation. The US dollar’s early gains during the end of May market rout is starting to reverse course on expectations the Fed may cut rates twice this year...

The EUR/USD pair extends its side trend near 1.1130 region in early trades, unperturbed by the intensifying risk-off moods amid the US-led protectionism and the resulting global growth worries.

EUR could dip below the major 1.1100 level but a sustained decline is not expected. We expected EUR to weaken yesterday but held the view “a break of 1.1100 is unlikely”...

The precious metal has now moved closer to another confluence resistance - comprising of 100-day SMA and 38.2% Fibonacci retracement level of the $1347-$1266 downfall, which if cleared should pave the way for a...

BoE Deputy Governor Dave Ramsden, during a scheduled speech on Thursday, was noted saying that he is a little more pessimistic about the GDP growth that the latest BoE forecasts...

Decline in EUR has scope to extend further but oversold condition suggests a break of 1.1100 is unlikely. We highlighted yesterday the soft underlying tone could “lead to a lower EUR but...

The USD/JPY pair climbed to one-week tops in the last hour, with bulls now eyeing a move towards reclaiming the key 110.00 psychological mark...

The pair stays on the defensive so far this week, eroding further the rebound seen during the second half of last week to the 1.1200 handle and beyond.

Soft underlying tone could lead to a lower EUR but 1.1130 is unlikely to challenged. Instead of trading sideways, EUR dropped to 1.1157 before closing on a soft note at 1.1160...

Gold caught some fresh bids on Wednesday and recovered a major part of the overnight sharp pullback amid reviving safe-haven demand...

The sentiment around the shared currency remains fragile in the first half of the week and is now motivating EUR/USD to test the lower end of the range near 1.1180...

EUR could continue to trade sideways, likely within a 1.1170/1.1210 range. Expectation for EUR to “test 1.1230 first before easing off” did not materialise as it traded in a subdued manner between 1.1184 and...

The USD/JPY pair continues to face some selling pressure at the higher levels near 109.60 region, keeping the bias leaning towards the downside amid uncertainty over the US-Japan trade deal weighs on the investors’ sentiment...

Technical indicators on hourly charts have again started gaining negative momentum and add credence to the bearish outlook, albeit oversold conditions on the daily chart warrant some caution before placing any aggressive bets...

The USD/CAD pair edged higher at the start of a new trading week and is currently placed at session tops, recovering a part of Friday's intraday slide...

The selling pressure around the single currency looks alleviated at the beginning of the week, helped by the results from the EU parliamentary elections, where the populist/Eurosceptic option lost some traction...

One word perfectly sums up the events of this week. Disappointing. For some it began with the uninspiring conclusion of Game of Thrones...

Rebound in EUR has scope to extend but 1.1210 is expected to offer solid resistance. Expectation for EUR to trade sideways was incorrect as it dived to 1.1106 before rebounding strongly...

The GBP/USD pair held on to its mildly positive tone and is currently placed at the top end of its daily trading range, around the 1.2680 region post-UK monthly retail sales data...

EUR/USD dropped and recorded fresh 2019 lows near 1.1100 the figure on Thursday, although it managed not only to close the day with gains but also reverse that drop and reclaim the 1.1200 barrier and above...

Gold lacked any firm directional bias and continued with its sideways consolidative price action, well within this week's broader trading range.

The sentiment around the European currency remains fragile so far in the second half of the week, prompting EUR/USD to keep business around the 1.1150 region for the time being...

EUR is expected to trade sideways, likely within a 1.1150/1.1195 range. EUR traded between 1.1140 and 1.1187 yesterday, wider than our expected range of 1.1150/1.1190...

According to analysts at TD Securities, the release of the May FOMC minutes on Wednesday should show a cautious Fed with a majority expecting transitory low inflation...

The bearish slide has now dragged the pair below mid-Jan. swing lows support near the 1.2670-65 region and despite near-term oversold conditions, the downward trajectory could further get extended towards challenging the 1.2600 round figure mark...

EUR is expected to trade sideways, likely within a 1.1150/1.1190 range. EUR rebounded after touching a 2-week low of 1.1148 yesterday. The combination of dissipating downward momentum and oversold conditions suggests...

Given the clear guidance in the RBA minutes from the May meeting released today that "in the scenario where there was no further improvement in the labour market in the period ahead ... a decrease in the cash rate would likely be appropriate...

The sentiment around the European currency remains subdued in the second half of the month, with EUR/USD now reversing Monday’s uptick and refocusing on the 1.1150 region...

While speaking at a conference in London, European Central Bank policymaker and Governor of the Bank of Spain Pablo Hernandez de Cos said that the European financial system was still fragile and fragmented due to the "doom-loop" between sovereigns and banks...

Alternating risk appetite trends are leaving EUR/JPY almost unchanged for the day following the recent failed attempt to extend the breakout of 123.00 the figure...

EUR/USD could return to the 1.15 region in the medium term, suggested Senior Analyst at Danske Bank.

European and Chinese stocks markets are selling off from critical comments from Beijing that put a dent in trade talk optimism. Flight to safety is the early morning theme and we may see that continue if we see softer Michigan sentiment and leading...

Further weakness in EUR appears likely but 1.1130 could be just out of reach. EUR came close to the top of our expected 1.1185/1.1230 range before dropping sharply after touching 1.1225. The swift decline touched...

Gold failed to capitalize on the early European session uptick to the $1300 neighborhood and has now dropped to the lower end of its daily trading range...

“Failure at the 1.1177 March low on a daily chart closing basis would put the 1.1110 April low back on the map. Be advised that the pattern being traced out is a potential large bullish reversal pattern.”...

After bottoming out in the 109.00 neighbourhood earlier in the week, USD/JPY is now attempting a bounce amidst a persistent down move in open interest and some...

The Turkish currency is losing ground on Wednesday and is pushing USD/TRY to the vicinity of the key 6.10 mark...

Technical indicators on daily/hourly charts have moved on the verge of breaking into oversold territory and seemed to be the only factor holding investors from placing any fresh bearish bets...

Intraday risk is tilted to the downside but expect strong support at 1.1205. EUR traded between 1.1220 and 1.1265 yesterday, close to our expected sideway trading range of 1.1215/1.1265...

The GBP/USD pair held on to its weaker tone near two-week lows and had a rather muted reaction to mixed UK monthly employment details...

EUR/USD remains bid above the 1.1200 handle although gains are still capped by the 1.1260/70 region, where converge the 55-day SMA and recent tops...

According to analysts at ING, there seems to be a little reason to change the near term view that EUR/USD pair stays offered this summer and will test the 1.10, barring a temporary squeeze of short EUR positions...

In line with expectation, EUR touched 1.1253 before easing off. While upward pressure has waned, it is too soon to expect a significant pullback. EUR is more likely to trade sideways at these higher levels, expected to be within 1.1215 and 1.1265...

The BoE Deputy Governor, Ben Broadbent, in an interview with the Press Association published this Monday, said that a delay in Brexit deadline to October will have a negative impact on investments...

The ambiguity of trade progress continues to be the dominant driver with all asset classes. The dollar finished lower after a round of trade talks in Washington DC did not see cataclysmic outcome after President Trump delivered a tariff hike...

A retest of 1.1250 would not be surprising but prospect for a clear break of 1.1265 is not high for now. After trading quietly for several days, EUR staged a sudden but short-lived surge and hit a high of 1.1251. Despite the...

Economist at Standard Chartered, suggests that their Monetary Conditions Indices (MCIs) indicate that monetary conditions have continued to tighten globally...

The USD/JPY pair failed to capitalize on its early recovery attempt and dropped to fresh session lows in the last hour, closer to three-month lows touched on Thursday...

EUR traded sideways and registered a range of 1.1181/1.1214 yesterday, narrower than our expected 1.1165/1.1215 range. The muted price action...

The RBA’s steady hand at 1.5% surprised enough in the market to lift the overnight indexed swap curve well into 2020, with the terminal rate back above 1.00%. But markets still price a lot closer to 2 than 1 rate cut, with the RBA statement including lower growth and inflation forecasts...

EUR/JPY is intensifying the weekly leg lower below the critical support at 123.00 the figure...

The greenback is now picking up extra pace and is moving to the upper end of the daily range near 97.60/70 when tracked by the US Dollar Index (DXY)...

The precious metal continued attracting some safe-haven flows after the US Trade Representative Robert Lighthizer confirmed that the US will increase tariffs on $200 billion worth of Chinese goods on Friday. ..

The USD/JPY pair lacked any firm directional bias and was seen oscillating in a narrow trading band, below the 111.00 handle through the Asian session on Tuesday...

The pair is prolonging the upside momentum and looks to consolidate above the critical 1.1200 barrier.

For the Australian economy, there is a surprise decline in real quarterly sales in this quarter, which represents the lowest q/q growth in...

Short-term EUR strength has scope to extend 1.1225. We expected “further weakness in EUR” last Friday but were of the view that any decline is “likely limited to a probe of 1.1145”. EUR subsequently...

GBP/USD pair has recently eroded its short term downtrend and this is now acting as support at 1.2967...

The US dollar reversed earlier gains on a blockbuster headline employment number as market participants focused on the slightly lower than expected wage growth. The nonfarm payroll report showed...

While EUR dipped to 1.1169 during late-NY hours, the current soft patch in EUR is not showing sign of stabilizing. In other words, EUR is not ready to...

EUR/USD will likely revisit the recent low of 1.1110, as suggested by technical charts, if the US non-farm payrolls and more importantly, the wage-price inflation, scheduled for release at 12:30 GMT today, blows past expectations...

According to ANZ analysts, for the Asian economies, there has been considerable improvement in the trade balances of India, Indonesia, and the Philippines.

The precious metal extended overnight post-FOMC rejection slide from the $1287-88 supply zone and remained under some heavy selling pressure for the second consecutive session on Thursday.

Weakness in EUR could test 1.1170 first before a recovery can be expected. After edging to a high of 1.1265, EUR plunged and hit a low of 1.1186 during late-NY hours. While the sharp and ...

The US dollar rallied for most of the trading week, but gave back gains on Friday after the US first quarter GDP strong beat was supported by transitory factors and softer core PCE. The headline showed US economic growth accelerated much

The US dollar ended the week higher after mixed data and earnings reports provided a slightly optimistic tone for the US economy. With thin conditions persisting due to the observance of Easter, choppy price moves could be expected over the...

The AUD/USD pair picked up fresh bids and broke its Asian range trade to the upside, clinching fresh session highs near 0.7160 region, as the US dollar extends its pullback from two-week tops against its major rivals after the Mueller report revealed the US President Trump actions to impede the inquiry.

The USDJPY pair extends its side-tend into the European session, wavering back and forth in a 10-pips extremely narrow range just below the 112 handle...

Good Friday/ Easter holiday sleep mode trading seeped into the Asian markets, as Australian, New Zealand and Hong Kong markets were closed. Rest of the Asian equity markets traded mixed amid a lack of fresh catalysts and thin liquidity...

The bears appear to have taken a breather last hour, allowing a brief consolidative mode in the EUR/USD pair near the midpoint of the 1.12 handle, as they await the US macro releases for the next push lower...

The strong 1.1330 resistance first indicated on Monday (15 Apr, spot at 1.1300) remains ‘unchallenged’ as EUR eased off after touching 1.1324 during London hours. As highlighted earlier...

According to Karen Jones, analyst at Commerzbank, EUR/USD pair is holding steady at the 55 and 100 day moving averages at 1.1308/48, and they view it as consolidating.

GBP/USD recovers from a nine-week-old ascending trend-line as it trades near 1.3055 ahead of the London open on Wednesday. Absence of negative Brexit news reports and support from data front seemed to have played their roles while traders await the British inflation numbers...

Forex today witnessed a volatile Asian session this Wednesday, with key macro news from across the Asia-pac regions offering fresh trading incentives...

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...