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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...

The Canadian dollar rose on Friday as employment reports in both countries told different stories. The Canadian jobs data impressed by beating expectations with a 27,700 job gain. The forecasts were lower after a monster...

Reuters reports the comments by the European Central Bank (ECB) Governing Council member Vitas Vasiliauskas, with the key headlines found below...

In their latest outlook report on the Bank of Japan (BOJ) monetary policy, the analysts at JP Morgan expect the Japanese central bank to cut the benchmark interest rates this September...

After testing fresh 2-month peaks above 1.1300 the figure in past sessions, the pair has sparked a correction lower to the current comfort-zone around 1.1260 on Friday...

According to analysts at Danske Bank, focus in markets remains on US trade talks - with short-term emphasis on Mexico, and speculation of central bank easing for most notably the Fed...

According to analyst at Commerzbank, EUR/USD pair has eroded the 2018-2019 downtrend at 1.1287, but not closed above here and a close above here (preferably on a weekly basis) will complete a falling wedge pattern...

Deutsche Bank analysts point out that the July FOMC meeting is now priced in for 21bps of cuts, with 88bps of cuts priced in for the next 12 months...

The optimism around the European currency stays everything but abated today and is lifting EUR/USD to fresh tops in the boundaries of the 1.1290 level...

According to analysts at TD Securities, the ECB threatened to put all policy levers on the table this week, but they are looking for a simple announcement of generous TLTRO terms...

Analyst at Danske Bank, points out that the USD sold off broadly after the Fed’s Bullard blinked late yesterday, when he argued a rate cut may be warranted soon...

Gold continued scaling higher through the early European session on Tuesday and touched over three-month tops, around the $1329-30 region in the last hour...

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...