Markets are generally directionless in Asian session today. Strong rebound in China PMIs somewhat fails to lift sentiments. As the origin of the coronavirus pandemic, China could be the first country to come out of it. Yet, one month of data is insufficient to confirm recovery, as the world is still
USD/JPY met with some supply on Tuesday and retreated from one-month tops.
A sustained break below 110.00 mark needed to confirm near-term bearish bias.
The USD/JPY pair failed to capitalize on the previous day's strong intraday positive move of around 200 pips, to fresh one-month tops, and witness
Market Review - 19/03/2020 00:21GMT
Dollar gains broadly on coronavirus pandemic fears The greenback continued its recent winning streak and rallied across the board on Wednesday due to risk-off trading on continued fear of global economic impact caused by worldwide spread of the coronavirus pan
EUR/USD has invalidated the bearish lower highs setup on the daily chart.
The 4-hour chart suggests scope for a pullback before a potential rally to 1.12.
EUR/USD closed well above the Jan. 31 high of 1.1096 on Monday, invalidating the bearish lower highs setup on the daily chart.
The pair has al
Broad USD weakness and negative equities underpin gold.
Gold bounces-back towards $1650 amid persisting coronavirus fears.
Virus headlines and risk trends will remain the key market drivers.
Gold prices are seen recovering from the overnight slump to $1625 region, as the bulls look to regain the
EUR/JPY has shot aggressively higher and has eroded the mid-October high at 121.47. Analysts at Commerzbank set the next resistances to watch in the pair.
“We await a close above 121.47 to confirm the break higher. But for now, our attention is on the 122.63/88 the recent high, it is pos
Asia Market Update: Asian indices trade mixed after US gains; Little initial impact seen from Chinese data, PBOC official sees limited room to cut RRR amid better industrial production data and phase 1 trade deal.
- Markets in China and Hong Kong trade flat during early part of sessio
GBP/USD benefits from the USD weakness, ignores pessimism surrounding the BOE’s likely rate cut.
EU, Ireland spread Brexit pessimism, US-China trade deal fails to excite the market.
US Retail Sales, trade/Brexit news will be in focus.
GBP/USD takes the bids to 1.3050 while heading into the London o
Financial markets are definitely sensitive to the tension between the US and Iran, with US equity futures dumping in early Wednesday trade on the news of Iran's ballistic missile strikes on US troops in Iraq. Follow up reports have since downplayed fallout from the attack and the market has recovere
In an attempt to regulate the crypto industry, Paraguay has decided to audit the books of the companies doing business in the sector.
Reported by Coindesk on Tuesday, the decision of the survey was announced last week by the Secretary for Preventing Money and Property Laundering (SEPRELA
On Thursday, the German Finance Ministry, in its monthly report, highlighted the risks of global economic slowdown and ongoing trade war while expecting the country’s exports to stabilize by end-Q3 2019, per Reuters.
“Export activity regained some momentum toward the end of the third q
Germany producer prices declined for the second straight month in October largely driven by energy prices, data from Destatis showed Wednesday.
Producer prices fell by 0.6 percent year-on-year in October, bigger than the 0.1 percent drop in September. This was the second straight decrease. Economist
Yen, Swiss Franc and Dollar remain the strongest ones as Asia led risk aversion continues today. Additionally, treasury yields are back under pressure with some downside acceleration after US 10-year yield lost 1.9 while German 10-year yield lost -0.3. On the other hand, Australian Dollar remains th
An overnight piece ICYMI, author of Germany's "black zero" budget policy of not taking on new debt is reconsidering.
While "ex' finance minister Schaeuble is still influential as president of the Bundestag (the lower house of parliament).
Schaeuble called on politicians to use the fiscal leeway of