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EUR/USD has finally broken above the psychologically significant level of 1.10, hitting the highest levels in two weeks. The world's most popular currency pair has been rejected at this level four times in recent weeks...

Reuters reports a European Union (EU) official, as saying that the Eurozone budget can get external financing sources if governments agree that in an intergovernmental agreement (IGA)...

Gold was seen oscillating in a narrow trading band through the early European session on Wednesday and consolidated the overnight goodish move up back closer to weekly tops...

Analysts at TD Securities note that the US Producer prices surprised to the upside in September, with both headline and core prices falling below market expectations at -0.3% and 0.0% MoM, respectively (market: 0.1% headline; 0.2% core)...

EUR/USD has been on the back foot following a risk-off mood stemming from worsening relations between the US and China. Where next? Technicals are pointing to strong support and resistance lines in the immediate vicinity of the...

GBP/USD has been losing some ground amid pessimism about reaching a Brexit deal. However, technical levels are pointing to a higher chance of a move to the upside. The Technical Confluences Indicator is showing that...

Analyst at Commerzbank, notes that EUR/USD pair has maintained its recovery from the base of the weekly channel at 1.0892 currently...

Here is what you need to know on Tuesday, October 8:

Investors trimmed their open interest positions by more than 2K contracts on Friday, while volume shrunk by almost 39K contracts, noted advanced data for JPY futures markets from CME Group....

In opinion of FX Strategists at UOB Group, EUR/USD could attempt a move to 1.10 in the very near term...

Here is what you need to know on Monday, October 7:

The US dollar is sensitive to data misses and even though the ISM services PMI remains in expansion territory, the lower than expected index triggered a sell off of the greenback. The United States is not immune to recession fears even if it ...

125k increase, likely driven by another weak month of service employment growth...

The past week has included global markets being shaken by a collapse in a key US manufacturing survey, the S&P 500 kicking off Q4 by sliding to 5 week lows and of course the RBA rate cut, the AUD remaining above 67 cents is a resilient performance...

The Analysts surveyed by Reuters believe that the Chinese yuan will extend the decline and renewed decade lows, as China will continue to devalue its currency amid lingering US-China trade war risks...

EUR/JPY keeps the bearish view unchanged so far this week, dropping and rebounding from new multi-week lows near 117.20...

Analysts at TD Securities note that the US ADP employment data for September largely met expectations, posting a 135k gain vs. consensus expectations at 140k...

EUR/USD is looking to extend the recovery from recent YTD lows in the 1.0880 region, although strong resistance emerged in the 1.0950/60 band...

Analyst at Commerzbank, suggests that EUR/USD pair has sold off to the base of its one year down channel, currently at 1.0899 and this support is reinforced by its 78.6% retracement of the move 2016-2018 at 1.0814..

The UK manufacturing sector activity contraction unexpectedly slowed in the month of September, the latest survey report from IHS Markit showed this Tuesday. The seasonally adjusted IHS Markit/CIPS UK Purchasing Managers’ Index (PMI) jumped to ...

Chicago Federal Reserve Bank President Charles Evans said on Tuesday, the US monetary policy needed some "repositioning" to align against risks...

In the latest client note, analysts at ING note that despite the recent surge in gold prices, the investment demand for the yellow metal remains intact amid trade war and Mid-East tensions...

Further comments are crossing the wires from the Bank of Japan (BOJ) Governor Kuroda, as he now says that the central bank will conduct policy appropriately without preconceptions while monitoring various risks carefully...

EUR/USD has been on the back foot as the US dollar stormed the board. As it nears the 2019 low of 1.0926, it is time to look at the next downside targets...

The single currency has come under renewed and moderate selling pressure in the middle of the week and is dragging EUR/USD back to the 1.10 neighbourhood...

Analyst at Commerzbank, suggests that GBP/USD pair is consolidating below the mid-July high at 1.2580 and minor support below the 1.2385 September 9 high is found at the 55 day moving average and...

Gold traded with a mild negative bias through the early European session on Wednesday, albeit remained well within the striking distance of near three-week tops set in the previous session...

UK’s Supreme Court is expected to rule on whether or not PM Johnson unlawfully provided advice to the Queen in order to prorogue parliament...

Gold edged higher during the early European session on Tuesday and remained well within the striking distance of over two-week tops set in the previous session...

The single currency debates between gains and losses vs. the Greenback on Tuesday, with EUR/USD still parked around the 1.0990 region.EUR/USD support emerged near 1.0970...

Buying a British company costs 13% less now than before the Brexit referendum in June 2016, according to new data from international law firm Mayer Brown...

Analysts at Rabobank remain sceptical about a major breakthrough in the trade war in the coming months as China would have to change its economic model to address those issues – something that Beijing is not prepared to do..

The selling pressure around the European currency is picking up pace on Monday and is now dragging EUR/USD to fresh daily lows in the sub-1.10 area.EUR/USD weaker on PMIs, looks to Draghi...

Next week will hear from several central bankers, see a handful of rate decisions and see if PM Boris Johnson alters his Brexit strategy after we hear the UK Supreme Court ruling. On Tuesday, politics will be plentiful as UN has several speakers (Trump and Macron)...

Gold edged higher for the second consecutive session on Friday, albeit remained well within a familiar trading range held over the past two weeks or so...

The Australia and New Zealand Banking Group (ANZ) analysts express their thoughts on the Bank of England (BOE) monetary policy decision announced on Thursday...

The Technical Confluences Indicator is showing that EUR/USD has support at 1.1045, which is the convergence of the Fibonacci 38.2% one-week, the Fibonacci 61.8% one-day, the Simple Moving Average 100-1h, the SMA 200-1h, the Bollinger Band 4h-Middle, and the BB one-day Middle...

The USD/JPY pair now seems to have entered a consolidation phase and was seen oscillating in a range just below 1-1/2 month tops, set earlier this Tuesday...

Analysts at TD Securities note that the RBA’s September meeting Minutes were published today and they were a little more downbeat than the Sep statement suggested...

Further range trading within last week’s extremes at 1.0927/1.1109 is to be seen. Only a daily chart close above the...

The pound remains under pressure but manages to recover above the 1.2450 level ahead of the Juncker-Johnson meeting...

The AUD/USD pair quickly reversed the weekly bearish gap opening, albeit struggled to extend the momentum and remained well within a broader trading range held over the past one-week or so.

“While it is unclear how long the spike in oil prices will be sustained given slowing demand and strategic inventory releases, we examine historical periods (6 in total) of oil price increases (annualised gains of 200% since the start of 2015) to ascertain the potential impact on EM currencies.”...

For many months now, all of the attention has been on the trade war, Brexit and central bank easing. Next week is going to be no different as the UK Supreme Court rules on Boris Johnson’s prorogation of Parliament, talks continue ahead of a meeting between the...

CME Group’s preliminary figures for JPY futures markets noted open interest and volume increased by nearly 2.4K contracts and almost 8K contracts, respectively, on Thursday...

FX Strategists at UOB Group suggested EUR/USD could attempt some consolidation in the near term albeit with an upside bias....

Here is what you need to know on Friday, September 13:

Mario Draghi, President of the European Central Bank (ECB), is scheduled to deliver his remarks on monetary policy outlook in a press conference at 12:30 GMT. In a widely expected decision, the ECB today announced that it lowered the rate on deposit facility by 10 basis points to -0.5% as expected...

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...