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Event calendar

20

AUD/USD catches a bid to stay above 0.79 Joshua Gibson

Following a decline spurred by US Dollar buying, the Aussie has sprung back heading into European markets, currently testing just below 0.7930.The pair has sprung back following a decline on US Dollar buying, with the USD climbing against the bloc of major currencies during Asia. AUD/USD has taken back the losses and is now posting a gain heading into European trading. Markets have absorbed the Re...

09:00 20 February /2018 Forex

S. Korea FinMin: Market is to decide exchange rate - Yonhap Dhwani Mehta

Bloomberg reports headlines cited by Yonhap that the South Korean Finance Minister noted the market will decide the exchange rate.

08:46 20 February /2018 Forex

RBA minutes: New stance towards inflation - Rabobank Sandeep Kanihama

The RBA’s February minutes out today underlined the new stance that is has towards inflation, which is about as casual as a beachside Sunday BBQ dress-code, explains the research team at Rabobank.Key Quotes“Inflation is expected to “only gradually” accelerate, and wage pressures to increase, despite the economic outlook being as sunny as the self-same beachside Sunday BBQ. Part of...

08:23 20 February /2018 Forex

RBA minutes: No Surprises and a little more confidence about the consumer - Westpac Sandeep Kanihama

According to Bill Evans, Research Analyst at Westpac, the Minutes of the February Monetary Policy Meeting of the Reserve Bank Board of Australia has provided limited surprises.Key Quotes“From my perspective, the most important issue is around the Bank’s assessment of the household sector. Recall that in the minutes for the last meeting in December, the Board referred to “household...

08:00 20 February /2018 Forex

Australia's economy 'out of sync' with global trends - JP Morgan Joshua Gibson

JP Morgan is out with a note by their Australia economics team, highlighting the growing rift between Australia's economic outlook compared to global trends.Key highlights:

08:00 20 February /2018 Forex

Forex Today: DXY catches fresh bids in Asia, Eyes on German ZEW Dhwani Mehta

The US dollar upward correction remained the key underlying theme in Asia, as the demand for the buck returned amid thin volumes and minimal volatility on the back of China New Year celebrations. The latest upmove in the buck was mainly driven by upbeat comments from the US President Trump on the US economy and rising shorter-duration Treasury yields. As a result, most majors ran through a fresh s...

08:00 20 February /2018 Forex

USD/JPY grinding towards 107.00 handle on Dollar boost, Trump tweets Joshua Gibson

USD/JPY has climbed ahead of London markets, testing just beneath 106.80, with the US Dollar peaking at 106.86 in Tokyo trading.The Dollar is flexing its muscles today, as spikes in bond yields push equities back down and Trump Twitter comments are giving the Greenback a bit of a boost, wit...

07:46 20 February /2018 Forex

Short USD positions lessened modestly, GBP longs almost halved - Rabobank Sandeep Kanihama

According to the IMM net speculators’ positioning as at February 13, 2018, net short USD positions lessened modestly for a second consecutive week and in the spot market the tone has been more obviously USD bearish as risk appetite has returned to risky assets, notes the research team at Rabobank.Key QuotesEUR longs fell last week to their lowest levels since early Januar...

07:46 20 February /2018 Forex

EUR/USD slinking towards 1.23 ahead of SPD vote, EU ZEW figures Joshua Gibson

EUR/USD has kicked off the Tuesday session by heading lower, currently testing the 1.2380 region. The Euro has declined from recent highs as the US Dollar begins to stage a mild comeback following spikes in Treasury yields, with the 2-year Treasury note hitting 2.2% during the overnight session, the paper's highest figure since 2008.Germany's Social Democrat Party is holding a ballot today of its ...

07:23 20 February /2018 Forex

DXY seen at 85.00 in a year’s time, a 5% fall from current levels – SG Dhwani Mehta

Analysts at Societe Generale (SG) offer the currency forecasts in their weekly FX outlook report.   Key Quotes:“Familiar FX/rate/volatility correlations are failing as the global economy moves out of the post-financial-crisis phase of absurdly cheap money.The combination of rising US yields, rising equities, and a falling dollar reflects a more sync...

07:00 20 February /2018 Forex

GBP/USD: Bears target 1.3900, Brexit jitters back in play? Dhwani Mehta

The bearish grip tightened on the GBP/USD pair in the Asian session, as the bears extended the overnight sell-off amid a pick-up in the USD strength and a non-event BOE Governor Carney’s speech.GBPUSD losing sight of 1.40 handle?The spot is seen accelerating its declines, now looking to test the next ...

06:46 20 February /2018 Forex

Ex-BoJ’s Kiuchi: BoJ to gradually edge away from crisis-mode stimulus Dhwani Mehta

Reuters reports comments delivered by the former BoJ board member Kiuchi late on Monday.Key Quotes:A de-facto normalization of monetary policy is already taking place and will continue under a reappointed Kuroda."“The reappointment was a signal from the government that it wants continuity in monetary policy." "Policy...

06:00 20 February /2018 Forex

AUD/USD finds bids sub-0.7900, RBA minutes, firmer DXY still weigh Dhwani Mehta

Fresh bids emerged once again near the 0.7890 support area, allowing a tepid bounce in the AUD/USD pair back above the 0.79 handle, as markets assess the minutes of RBA’s January February meeting.AUD/USD: Focus shifts to Aus construction and wages dataThe spot came under fresh selling pressure last hour and ...

05:46 20 February /2018 Forex

GBP/JPY sliding back down as 2-year Treasury yield hits 2.2% Joshua Gibson

GBP/JPY is slipping back to test below 149.20 in Tokyo markets as markets knee-jerk react to rising bond yields.The Sterling managed to gain around 30 pips in the overnight session,  but has since given it all back and is once again trading below the 149.20 handle during Tokyo as traders resume jumping into Yen.Market participants are seeking a safe space following the US 2-year Treasury yield rea...

05:23 20 February /2018 Forex

NZD/USD declines under Dollar pressure Joshua Gibson

NZD/USD is down in Tokyo trading, testing yesterday's low of 0.7353 as of writing.The pair is slipping as the US Dollar surges in the face of rising bond yields, with the 2-year Treasury note hitting its highest levels since 2008, and the other Treasuries up across the board as well.Eyes will be focused on the 05:23 20 February /2018 Forex

Gold resumes backing off from 1,360 as equities slide in thin Asia markets Joshua Gibson

Gold is on the decline again, tracking equity indexes and other commodities, slipping into 1,340.00 territory as of writing. Asia session markets will remain subdued through tomorrow, as China markets take a break for the first half of the week to celebrate Chinese New Year.Gold turned away from a high point near 1,...

04:46 20 February /2018 Forex

RBA Minutes highlight labour market uncertainty - Capital Economics Ross J Burland

Paul Dales, Chief Australia & New Zealand Economist at Capital Economics noted that the minutes of February’s Reserve Bank of Australia meeting do a good job of summarising the uncertainties surrounding the labour market and wage growth and how they will influence interest rates.Key Quotes:"This is why the RBA has been downpla...

04:23 20 February /2018 Forex

AUD/USD: unchanged on in low volume FX post same-same RBA minutes Ross J Burland

While the RBA minutes were not giving us anything new, as expected, the AUD/USD remains sideways within a range of 0.7900 and 0.7930 established overnight. Currently, AUD/USD is trading at 0.7916, up 0.08% on the day, having posted a daily high at 0.7922 and low at 0.7905. The RBA minutes were a complete repeat of the same rhetoric and overcharge, in some cases, ...

04:23 20 February /2018 Forex

AUD/JPY trading near the recent bottom, Asia markets to remain thin Joshua Gibson

AUD/JPY traded flat in thin Monday markets and is heading into Tuesday testing just beneath 84.50.Monday saw the US markets taking a break to observe President's Day, and the Asia session will continue to remain subdued with Chinese institutions dark for the first half of the week to celebrate Chinese New Year.The Reserve Bank of Australia (RBA) dropped04:23 20 February /2018 Forex

Japan's Motegi, Aso: Japan has mostly escaped deflation, economic depression Joshua Gibson

Japan's Economy Minister Toshimitsu Motegi and Finance Minister Taro Aso have been hitting the wires today, providing their outlook on the Japanese economy.Key Highlights:

03:46 20 February /2018 Forex