Crude prices jumped today after Saudi Arabia said it would cut its crude production by -1.0 million bpd starting in July. However, weaker-than-expecte
XAG/USD stages a comeback though it remains slightly below its opening price, reclaimed the 100-day Exponential Moving Average (EMA) at $23.47 after h
The NZD/USD traded with gains at the beginning of the week near 0.6070, fueled by poor economic data from the US, which sparked a US Dollar sell-off.
GBP/USD trims some of its losses but remains trading below its opening price; after the latest week, robust jobs reports boosted the American Dollar (
EUR/USD erases some of its previous losses, sponsored by weaker orders in factories in the United States (US), alongside mixed ISM readings. European
The USD/JPY experienced a sharp drop below 140.00 after the release of US economic data that weighed on the US Dollar. Within a few minutes, the pair
The business activity in the US service sector continued to expand, albeit at a more moderate pace than in April, with the ISM Services PMI declining
United States ISM Services PMI came in at 50.3 below forecasts (51.5) in May
United States ISM Services Employment Index came in at 49.2 below forecasts (51) in May
United States ISM Services New Orders Index below forecasts (56.5) in May: Actual (52.9)
United States ISM Services Prices Paid registered at 56.2, below expectations (57.8) in May
United States Factory Orders (MoM) registered at 0.4%, below expectations (0.5%) in April
United States Factory Orders (MoM) came in at 4%, above forecasts (0.5%) in April
There seems to be no respite for the weakness of the Turkish lira. That said, USD/TRY clocked a new record high well north of the 21.0000 mark on Mond
United States S&P Global Services PMI came in at 54.9 below forecasts (55.1) in May
United States S&P Global Composite PMI below expectations (54.5) in May: Actual (54.3)
The EUR/GBP cross gains positive traction for the second successive day on Monday and recovers further from a fresh YTD low, around the 0.8565 region
Gold price (XAU/USD) has defended its downside after a fresh four-day low around $1,940.00 in the New York session. The precious metal is expected to
The AUD/USD pair attracts some dip-buying near the 0.6580 area and climbs to the top end of its intraday trading range during the early North American
While speaking at the Hearing before the Committee on Economic and Monetary Affairs (ECON) of the European Parliament in Brussels, European Central Ba
The USD/CAD pair is consistently showing back-and-forth action around 1.3430 in the early New York session. The Loonie asset is struggling to deliver
The Institute of Supply Management (ISM) will release the Non-Manufacturing Purchasing Managers' Index (PMI) - also known as the ISM Services PMI – at
The GBP/JPY pair has picked significant offers and has extended its reversal move to near 173.58 in the late European session. A fresh seven-year high
EUR/USD adds to Friday’s marked pullback and drops to the 1.0680 area on Monday. The pair remains well under pressure and the continuation of the sell
The USD/CHF pair gains positive traction for the second successive day on Monday and maintains its bid tone heading into the North American session. T
Mexico Consumer Confidence rose from previous 44.6 to 44.7 in May
Mexico Consumer Confidence s.a registered at 44.4 above expectations (43.7) in May
The GBP/USD pair has slipped sharply below the round-level support of 1.2400 in the European session. The Cable is facing immense selling pressure as
DXY’s rebound picks up pace and tests 2-day highs past the 104.00 hurdle on Monday. Considering the current price action, further advances could initi
EUR/JPY climbs further and reclaims the area beyond the key 150.00 barrier at the beginning of the week. Further recovery appears a plausible near-ter
The US Dollar (USD) holds its ground to start the new week. The US Dollar Index (DXY), which tracks the USD's valuation against a basket of six major
Gold price edges lower for the second successive day on Monday and remains depressed through the first half of the European session. The XAU/USD is cu
The EUR/JPY pair is struggling in defending the auction above the psychological support of 150.00 in the European session. The cross is expected to re
The AUD/USD has refreshed its day’s low at 0.6587 in the London session. The Aussie asset has witnessed immense selling pressure despite the street ho
The USD/JPY pair builds on Friday's strong intraday positive move and gains some follow-through traction for the second successive day on Monday. The
In a CNBC interview on Monday, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said that "we don't yet see a significant slow
European Monetary Union Producer Price Index (MoM) meets expectations (-3.2%) in April
European Monetary Union Producer Price Index (YoY) above expectations (0.8%) in April: Actual (1%)
The Eurozone Sentix Investor Confidence index keeps falling, arriving at -17.1 in June from -13.1 booked in May vs. -9.2 expected. more to come ...
The USD/CAD pair attracts some buying near the 200-day Exponential Moving Average (EMA) on Monday and sticks to its modest intraday gains through the
According to the latest Reuters report, bets against the Japanese Yen have risen to $8.6 billion equivalent. That was a similar level when Japan’s aut
European Monetary Union Sentix Investor Confidence below expectations (-9.2) in June: Actual (-17)
United Kingdom S&P Global/CIPS Services PMI above forecasts (55.1) in May: Actual (55.2)
United Kingdom S&P Global/CIPS Composite PMI came in at 54, above expectations (53.9) in May
The single currency extends the corrective decline vs. the greenback and forces EUR/USD to break below the key support at 1.0700 the figure at the beg
West Texas Intermediate (WTI), futures on NYMEX, rebounded firmly after defending the downside near $72.22 in Asia. The oil price has extended its rec
Silver extends Friday's rejection slide from the $24.00 mark, or the 38.2% Fibonacci retracement level of the downfall witnessed in May and drifts low
European Monetary Union HCOB Services PMI below forecasts (55.9) in May: Actual (55.1)
European Monetary Union HCOB Composite PMI below forecasts (53.3) in May: Actual (52.8)
Germany HCOB Services PMI below expectations (57.8) in May: Actual (57.2)
Germany HCOB Composite PMI came in at 53.9 below forecasts (54.3) in May
France HCOB Services PMI below forecasts (52.8) in May: Actual (52.5)
France HCOB Composite PMI below forecasts (51.4) in May: Actual (51.2)
Italy HCOB Services PMI above expectations (53.7) in May: Actual (54)
The USD/CHF pair has refreshed its intraday high at 0.9120 in the European session. The Swiss Franc asset has been infused with an adrenaline rush ami
Here is what you need to know on Monday, June 5: The US Dollar holds its ground against its major rivals at the beginning of the new week with the US
Russia S&P Global Services PMI dipped from previous 55.9 to 54.3 in May
Turkey Producer Price Index (MoM) dipped from previous 0.81% to 0.65% in May
Turkey Consumer Price Index (MoM) increased to 4% in May from previous 2.39%
Turkey Producer Price Index (YoY): 40.76% (May) vs previous 52.11%
Turkey Consumer Price Index (YoY): 39.59% (May) vs previous 43.68%
The GBP/USD pair kicks off the new week on a weaker note and retreats further from its highest level since May 16, around the 1.2540-1.2545 region tou
Spain HCOB Services PMI registered at 56.7, below expectations (58.7) in May
The NZD/USD pair has delivered a decent recovery move after sensing buying interest near 0.6050 in the early European session. The recovery move in th
EUR/GBP picks up bids to stretch the previous week’s recovery from the lowest levels in 2023 heading into Monday’s European session. In doing so, the
Natural Gas Price (XNG/USD) picks up bids to refresh intraday high, extending the previous day’s rebound as the market’s hopes of economic recovery ga
Switzerland Consumer Price Index (MoM) came in at 0.3% below forecasts (0.4%) in May
Switzerland Consumer Price Index (YoY) came in at 2.2%, above forecasts (2.1%) in May
The greenback, in terms of the USD Index (DXY), starts the new trading week in a positive fashion beyond the 104.00 hurdle on Monday. USD Index looks
Gold price (XAU/USD) has found an intermediate support of around $1,943.00 in the early European session. The downside in the precious metal has inter
Germany Imports (MoM) came in at -1.7% below forecasts (0.1%) in April
Germany Trade Balance s.a. above expectations (€16.4B) in April: Actual (€18.4B)
Germany Exports (MoM) came in at 1.2%, above forecasts (-0.4%) in April
AUD/USD picks up bids to pare intraday losses around 0.6700 as it struggles to cheer upbeat catalysts at home amid early Monday in Europe. In doing so
CME Group’s flash data for natural gas futures markets noted traders scaled back their open interest positions by around 2.6K contracts on Friday, rev
Considering advanced prints from CME Group for crude oil futures markets, open interest rose for the fourth session in a row on Friday, this time by a
The USD/IDR pair traded volatile after softening of Indonesian inflation in the Asian session. The asset displayed a wild gyration in an attempt to ca
FX option expiries for June 5 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.0675 951m 1.0690 649m 1.0700 359m 1
Open interest in gold futures markets extended the decline in place since May 16 and shrank by around 7.2K contracts on Friday according to preliminar
EUR/USD retreats to 1.0695 as it drops for the second consecutive day heading into Monday’s European session, sticking to minor losses of late. In doi
Lee Sue Ann, Economist at UOB Group, comments on the upcoming interest rate decision by the RBA. Key Quotes Latest wages and employment data reinforce
USD/CAD recovers from the key Exponential Moving Average (EMA) while snapping a three-day downtrend near 1.3440 heading into Monday’s European session
The USD/JPY pair has shifted its auction comfortably above the crucial resistance of 140.00 in the Asian session. The major is expected to extend its
Singapore Retail Sales (YoY) registered at 3.6%, below expectations (8.6%) in April
Singapore Retail Sales (MoM) came in at 0.3%, above expectations (0%) in April
Indonesia Core Inflation (YoY) registered at 2.66%, below expectations (2.8%) in May
Indonesia Inflation (MoM) registered at 0.09%, below expectations (0.3%) in May
Indonesia Inflation (YoY) registered at 4%, below expectations (4.23%) in May
USD/INR extends recovery from 50-day EMA to around 82.50 heading into Monday’s European session. In doing so, the Indian Rupee (INR) pair cheers the U
Silver Price (XAG/USD) stays depressed around the intraday low of $23.50 heading into Monday’s European session. In doing so, the bright metal prods b
GBP/USD remains pressured toward 1.2400 while extending the previous day’s U-turn from a three-week high heading into Monday’s London open, mildly off
USD/CHF picks up bids to 0.9105 as it clings to mild gains around 0.9100 during early Monday morning in Europe. In doing so, the Swiss Franc (CHF) pai
USD/CAD aptly portrays the Loonie traders’ anxiety above 1.3400, up 0.05% intraday near 1.3435 at the latest, as the key week comprising the Bank of C
AUD/USD pares intraday losses around 0.6600 after China’s private activity gauge flashes upbeat signals during early Monday. Adding strength to the Au
Gold Price (XAU/USD) stays on the bear’s radar for the second consecutive day as the precious metal renews intraday low near $1,945, extending the pos
China's Services Purchasing Managers' Index (PMI) rose to 57.1 in May as against the 56.4 reading booked in April, the latest data published by Caixin
China Caixin Services PMI in line with expectations (57.1) in May
Australia Company Gross Operating Profits (QoQ) came in at 0.5%, above expectations (0.1%) in 1Q
EUR/USD remains pressured around the intraday low, making rounds to 1.0700 of late, as a short-term key support confluence challenges the Euro sellers
People’s Bank of China (PBOC) set the USD/CNY central rate at 7.0904 on Monday, versus previous fix of 7.0939 and market expectations of 7.0918. It's
USD/JPY clings to mild gains around 140.20 as it cheers upbeat Treasury bond yields, as well as the firmer US Dollar to propel the USD/JPY prices. Add
Australia TD Securities Inflation (YoY) fell from previous 6.1% to 5.9% in May
Australia TD Securities Inflation (MoM) climbed from previous 0.2% to 0.9% in May
AUD/USD licks its wounds around the intraday low of 0.6595 while printing the first daily loss in three amid Monday’s mid-Asian session. In doing so,
Hong Kong SAR Nikkei Manufacturing PMI below forecasts (53) in May: Actual (50.6)
Japan Jibun Bank Services PMI down to 55.9 in May from previous 56.3
WTI crude oil pares intraday gains around $73.20, after the week started with a gap towards the north, as headlines suggesting challenges to the Oil o
GBP/USD remains on the back foot around 1.2430 as it stretches the post-NFP reversal from a three-week high during the early hours of Monday’s Asian s
US Dollar Index (DXY) holds onto the previous day’s recovery moves amid a sluggish start to the week. That said, the DXY renews its intraday high near
NZD/USD fades bounce off the lowest levels in seven months, keeping the previous day’s retreat, as it holds lower grounds near 0.6060 amid early Monda
Australia S&P Global Composite PMI: 51.6 (May) vs 51.2
Australia S&P Global Services PMI above forecasts (51.8) in May: Actual (52.1)
EUR/USD stays on the back foot around 1.0700, after a four-week downward trajectory, as markets brace for the key US data while keeping the post-NFP m
Gold Price (XAU/USD) bears the burden of fresh hawkish Federal Reserve (Fed) calls, especially after the strong United States Nonfarm Payrolls (NFP),
AUD/USD is seeing a negative start to the Reserve Bank of Australia (RBA) decision week, as investors digest the latest concerning developments betwee
Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, said on Sunday, “Saudi Arabia to make extra 1 mln b/d output cut from July.” Additional c
Following the conclusion of its June 4 Ministerial meeting, OPEC and its allies (OPEC+) announced in a statement that they have reached a deal, agreei
South Korea FX Reserves came in at 420.98B below forecasts (434.79B) in May