Japan Core Machine Orders Soar 15.0% In January Core machine orders in Japan surged 15.0 percent on month in January, the Cabinet Office said on Monday - coming in at 934.7 billion yen. The headline figure far exceeded forecasts for an increase of 1.9 percent following the downwardly revised 1...
Singapore Dollar Fails to Sustain Below 1.36, Intraday Bias Remains Bullish USD/SGD is currently supported above 1.3700 levels and trading around 1.3736 marks. It made intraday high at 1.3750 and low at 1.3710 levels. Intraday bias remains bullish till the time pair holds key support at 1...
USD/JPY Struggle with 114 Continues Ahead of BOJ, FOMC The USD/JPY pair attempts to extend Friday’s gains and reclaim 114 handle in the Asian trades, setting-off the week on an upbeat note amid improved risk sentiment...
AUD/USD: Bulls Taking Back Control on Key Week AUD/USD has been a drift to the upside to start the week and bulls remain in control. The greenback remains on the back foot after the ECB induced rally in the euro and while there has been a recovery in stocks, oil and metal prices...
NZD/USD Outlook - Westpac Imre Speizer, analysts at Westpac offered an insight into the NZ dollar. Key Quotes: "1 Week: NZD/USD is stuck around 0.6700 in the near term...
G10 Key Events: FOMC to Downgrade Rate Outlook? Analysts at Nomura explained the key events for the week ahead in the G10. Key Quotes: "The March FOMC meeting will be in focus, but there will also be key data on producer and consumer prices, as well as consumer, housing and industrial activity...
Comments from European Parliament President Martin Schulz in a TV interview over the weekend Neither the US nor Europe is prepared for Trump to be US President Says Trump is a populist, has no international experience "Trump belongs to these people that we also have here in Europe, who have a sca...
Two more (separate) items from China this weekend Shang Fulin, chairman of the China Banking Regulatory Commission (CBRC) said cuts to ratings/outlooks on China and its financial institutions were a misjudgement Its not news that China isn't happy about ratings cuts: China People's Daily: 'Misund...
One in six UK adults have financial worries, with households in Sandwell in the West Midlands and parts of the valleys of south Wales being the most likely to be overburdened, according to latest research...
USD/JPY Within Familar Range Stuck Around 20 DMA USD/JPY has been better bid for the past number of sessions, although the 20 dma has not been an easy task for the bulls, at 113.32 today while the pair has made highs of 113.92 on dollar weakness to close the week down...
GBP/USD: Consolidation Now, at 1.47 by Year-End Analysts from FX Strategy at Lloyds Bank expect GBP/USD to trade around 1.47 by year-end. Key Quotes: “GBP/USD has had mixed fortunes over the past month. The currency pair fell below 1...
USD/CHF Drops to Fresh 4-Week Lows USD/CHF had a short-lived recovery during the European session and resumed the decline on American hours. Recently fell to 0.9802, hitting the lowest level since February 15. The pair is about to end the week slightly above 0...
Here are the three big surprises on yet another notable day for central banks and markets, and what they may imply for the future: • The European Central Bank went beyond expectations by deploying a full range of policy instruments, including a more negative deposit rate and increased asset purch...
The strong dollar is no longer an excuse not to raise rates. Shortly before the Federal Reserve raised interest rates in December, Fed governor Lael Brainard gave a speech about why it should proceed cautiously...
NZD/USD Trims Weekly Losses NZD/USD surged after the beginning of the American session and climbed from below 0.6600 to 0.6756, reaching the highest level since the Reserve Bank of New Zeland rate cut surprise. The pair is holding near the highs, currently trading at 0.6742/46, up 1...
EUR/USD Attempts a Recovery to 1.1150 The offered tone in the greenback seems to have returned, now allowing EUR/USD to rebound to the 1.1150 area. EUR/USD still in red, upside capped at 1.1220 The pair has managed to gather some traction and stage a strong rebound after bottoming out in the 1...
The British Chambers of Commerce (BCC) has downgraded its growth forecast for the UK economy, blaming "global headwinds and uncertainty". It now expects the UK's economy to grow by 2.2% this year, down from a previous estimate of 2.5%. The BCC also cut its growth forecast for 2017 to 2.3% from 2...
Euro Declines Against Majors The euro fell against its major opponents in European deals on Friday, amid stark contrast in the European Central Bank's monetary policy from those of other major central banks in rest of the world...
USD/CAD: Sell-off Stalls as Oil Trims Gains Canadian dollar’s tight correlation with oil continues remains intact; with USD/CAD sell-off stalling near Wednesday’s low given oil has trimmed gains. Off lows, but still down 0.67% Pair has recovered slightly from the low of 1...