Forex News

Event calendar

20

EUR/JPY looking for some lift ahead of German PPI, EU ZEW data Joshua Gibson

EUR/JPY is trading upwards to kick off the Tokyo trading session, testing testerday's high of 132.37 as of writing.The pair experienced a sedate Monday, with Chinese institutions closed for the first half of the week to celebrate Chinese New Year, and the US also dark to observe President's Day.EUR/JPY may have found a floor from 131.76, as the encroaching Yen begins to backoff following Friday's ...

03:46 20 February /2018 Forex

USD/JPY: a little pop in Tokyo in low volume trade, DXY in positive correction Ross J Burland

USD/JPY has taken on the previous hourly resistance and did so just ahead of the Tokyo open with comments from Japanese officials beating the familiar sound on the same 25 inflation drum. Currently, USD/JPY is trading at 106.72, up 0.12% on the day, having posted a daily high at 106.76 and low at 106.56.The move wasn't much, but relatively, considering how quiet the markets had been overnight with...

03:23 20 February /2018 Forex

NZD/USD: all eyes on the dairy market tonight - ANZ Ross J Burland

Analysts at ANZ explained that the Kiwi lost a little ground overnight as topside resistance held firms. Key Quotes:"Locally, the dairy auction tonight shouldn’t move things around much with a relatively benign result (small decline?) expected. Offshore USD forces remain very much in the driving seat. Support 0.7180 Resistance 0.7420"

03:00 20 February /2018 Forex

AUD/USD holds ground in quiet Monday trading, refusing to give up 0.79 handle Joshua Gibson

AUD/USD traded flat for Monday, currently heading to Tuesday's overnight session testing just above 0.7910.The Aussie saw thin markets on Monday, with China and the US both on holidays, and with China taking the first half of the week off for Chinese New Year, volatility can be expected to remain subdued in Asia trading.AUD/USD is recovering coming off a US Dollar correction that has seen the pair...

02:46 20 February /2018 Forex

AUD/USD: Aussie eases from highs, but retains positive bias Valeria Bednarik

 The Aussie gained against its American rival at the beginning of the day, but the pair closed the day little changed around 0.7910, after reaching a daily high of 0.7934. The dollar got some market's favor by the end of European trading hours, but slipped af...

02:23 20 February /2018 Forex

NZD/USD: marked disagreement about where the USD is headed - ANZ Ross J Burland

Analysts at ANZ explained that there is marked disagreement currently about where the USD is headed. Key Quotes:"Since it’s the ‘big half’ of the NZD/USD equation, it matters for New Zealand.Those arguing the USD will weaken point to the US ‘twin deficits’ – the fiscal deficit is large and will get bigger as tax cuts coincide with an infrastructu...

01:46 20 February /2018 Forex

USD/JPY clawing back after two weeks of declines Joshua Gibson

USD/JPY finished Monday higher for a second day in a row, trading near 106.60 heading into the Tuesday overnight session.The Yen has gained aggressively lately, closing higher against the US Dollar for five of the last six trading weeks, although the pair may have put in a temporary bottom at 105.55.  The Bank of Japan (BoJ) has invested a lot of time trying to sooth-talk the strengthening Yen, an...

01:46 20 February /2018 Forex

RBA's Bullock crossing the wires Ross J Burland

Michele Bullock who is the Assistant Governor Financial System is currently speaking at the Responsible Lending and Borrowing Summit in Sydney.

01:46 20 February /2018 Forex

Forex today: dollar gets a lift in thin holiday trade Ross J Burland

Forex today was a holiday in the US session, following China's celebrations of the Lunar New Year, (mainland China closed until Thursday). Many traders in Canada would have been absent also while observing Canada's Family Day.However, while markets were closed, it did not stop the DXY from moving within a range of between 88.955 - 89.442, closing  +0.13% on the day at 89.21. Also, while the US Tre...

01:23 20 February /2018 Forex

EUR/USD almost flat after ECB gets a new Vice President nomination on “consensus” Asis Ghosh

EUR/USD closed the European session around 1.2407, almost unchanged (+0.02%) after the ECB got a new Vice President on consensus nomination in the form of De Guindos, the current Spanish economy/finance minister.As par De Guindos- “Steps need to be taken to deepen economic and monetary union and having been a government minister does not limit t...

23:46 19 February /2018 Forex

A subdued day for financial markets - ANZ Ross J Burland

Analysts at ANZ explained that with US markets closed for the Presidents Day holiday and data releases light, it was a subdued day for financial markets.Key Quotes:"The USD oscillated in narrow ranges with no clear direction and there was little news of note outside of the euro area current account surplus for 2017 being confirmed at 3.5% of GDP. Given that bal...

23:00 19 February /2018 Forex

USD/CAD almost flat on broad US dollar recovery and surge in oil Asis Ghosh

USD/CAD has closed the European session around 1.2563,  up by almost 0.05% on a broad recovery in  the US dollar and a surge in oil to two weeks high, positive for commodity currencies like the CAD. The overall trading range was extremely narrow on Monday, as both markets, the US and Canada were shut on the day for a public holiday.The USD was boosted ...

22:46 19 February /2018 Forex

Gold consolidates the biggest weekly gain since 2016 Ross J Burland

After logging its biggest weekly gain last week since 2016, Gold is flat on the US session so far, consolidating the recent recovery rally from $1,318.23/oz lows scored last week where the reversal met highs of $1,361.66. 21:46 19 February /2018 Forex

USD/JPY: Dollar jumped after Japan expressed “greater” sense of concern on Yen strength Asis Ghosh

USD/JPY closed the European session on Monday around 106.57, up by almost 0.35% after making a daily high of 106.72 in a holiday-thinned market as the US is offline today. The short covering from Friday’s 15 month low of around 105.54 came after the Japanese government said that it is watching Yen´s move with “greater” sense of concern and is ready to act (inter...

21:46 19 February /2018 Forex

BoE's gov. Carney's speech at 18.45 GMT today: title, "Leadership and Values" Ross J Burland

Markets are waiting to hear from BoE's gov. Carney who is making a speech at 18.45 GMT today at Regents Univerity under the title, "Leadership and Values".While it is unlikely that Carney will be making comments about monetary policy in his prepared speech, where the full text will be published at the outset on the BoE website, the Q&As could be topical on monetary policy, especially given the...

21:23 19 February /2018 Forex

Oil caught a bid on OPEC jawboning and Middle East geopolitical tensions Asis Ghosh

Crude oil/WTI is now trading around 62.33, in the late European session,  up by almost 1.27% and  having posted so far made a day high of 62.48, a 2-week high in a holiday-thinned market, as the US is offline on Monday. The main catalyst behind Monday’s price surge may be OPEC jawboning about the prospect of oil market rebalancing and renewed geopolitical tensions in the Middle East.On Monday, OPE...

20:46 19 February /2018 Forex

Funda, political and European market recap: a quiet start with some political sound bites Ross J Burland

Monday, so far, has been quiet, both in terms of price action and events. China has been celebrating the Lunar New Year all weekend and continued to do so overnight while the US has been out celebrating President day. Many will also be off desks for Canad family day.Since Asia opening, we have second tier data with Japan’s trade balance proving that a stronger yen has so far, not been damaging exp...

20:46 19 February /2018 Forex

AUD/USD: dollar's purchasing power sinking, Aussie to regains the 0.80 handle? Ross J Burland

AUD/USD has been down to test the bull's commitments at 0.79 the figure again on Monday in thin liquidity while the US and China have been out on holiday. 
Currently, AUD/USD is trading at 0.7909, up 0.04% on the day, having posted a daily high at 0.7937 and low at 0.7898.AUD/USD is sensitive to a shift in the stock market and the greenback that was testing the upside on the 89 handle earlier ...

20:23 19 February /2018 Forex

GBP/JPY almost flat ahead of Carney’s speech and renewed concerns about Brexit Asis Ghosh

GBP/JPY is now trading around 148.95 in  the European Session, almost flat (-0.03%) in a holiday-thinned market on late Monday as the US is off today. Apart from Friday’s muted UK retail sales, GBP came under stress on renewed concerns about an orderly Brexit.There was practically zero progress last week on the Brexit saga, except for various permutations and combinations: The UK’s IOD has put for...

20:00 19 February /2018 Forex

US economy in a snapshot - Nomura Ross J Burland

Analysts at Nomura gave their view on the US economy in a snapshot.Key Quotes:"Changes in taxes and increased federal spending are likely to boost growth in 2018 and into 2019. Recent positive supply-side trends suggest that potential growth has increased modestly. We expect strong growth to continue to push down the unemployment rate over the fore...

19:46 19 February /2018 Forex