breaking news

US 10-Year Treasury Yields set to close break 7-week winning streak

The US 10-Year Bond Yields are on course to close the week lower, at around 2.86%. The global benchmark that has been leading the US Dollar during lon

EUR/JPY slides on lower bund yields

EUR/JPY is now trading around 131.08 in New York session, crumbles by 0.40% on a slump in German bund yields and muted EZ economic data on Friday. Ben

USD/CAD recovers from the Canadian inflation related fall, trading around C$1.2660

The USD/CAD is trading on higher ground, at around $1.2660 as the trading week draws to a close. The pair recovered from the lows of $1.2613 it had dr

DXY: US Dollar Index edged up on a drop in the EUR despite broad USD weakness

US Dollar Index (DXY) is now trading around 89.84 in New York session, edging up by 0.11% and off the earlier day high of 90.06 on a slump in EURUSD d

AUD/USD ticks higher above $0.7830 as US yields slide

The AUD/USD is trading just above $0.7830, close to the peak of the trading day at $0.7847. The pair has moved up from the lows of $0.7804 as the US D

EUR/USD trades around $1.2300 as the Fed Report does not lift yields

The EUR/USD is trading steadily around $1.2300 in narrowing trading ranges in the last session of the week. The calm comes as US stock markets are sli

Oil prices rose to higher ground on Libyan outage and Saudi optimism

Crude oil/WTI is now trading around 63.60, in New York session, surged by 1.32% on reports of Libyan outage and Saudi optimism. There were some report

GBP/USD struggles to recapture $1.4000 as soft Brexit hopes fade

The GBP/USD is trading just below $1.4000, after having reached a high of $.14005, that did not last for too long. Earlier, the pair made a sharp drop

GBP/JPY: Finely balanced around ¥149.00 amid hopes for a soft Breixt, sliding US yields

The GBP/JPY is trading around the ¥149.00 level, balanced on the day that did feature some volatility beforehand. The cross traded between a low of ¥1

USD/JPY remains on lower ground amid the Monetary Policy Report from the Fed

The USD/JPY has risen from the daily low of ¥106.51 but remains down some 80 pips on the day. The pair reached a high of ¥107.13 before turning lower

EUR/GBP tumbles on hopes for a soft Brexit and a drop in German bond yields

EUR/GBP is now trading around 0.8795 in New York Session, tumbles by 0.45% on a slump in German bond yields and hopes for a soft Brexit and muted EZ e

AUD head towards sub 0.7800 - Westpac

The A$ has underperformed over the last week, down 1.8% versus the US$ and at 6 month lows versus the NZ$, points out Robert Rennie, Research Analyst

EUR/USD supported near 1.2280, Fedspeak eyed

EUR/USD is closing the week on the defensive, extending the consolidative theme in the lower end of the range around the 1.2300 milestone.


Gold on back foot as the US inflation concerns ease

Gold is now trading around $1330, in New York session, edging down by 0.18% on the reduced concern of US inflation, a subsequent slump in US bond yiel

AUD/USD slides back closer to over 1-week lows, Fedspeaks in focus

   •  A goodish pickup in the USD demand prompts fresh selling in the past hour.

   •  Weaker commodities offset sliding US bond yields and fail to s

US Dollar keeps gains, sidelined below 90.00

The greenback, in terms of the US Dollar Index (DXY), keeps the buying pressure unchanged so far this week and is now sidelined around the 89.80 area.

US stocks trade with solid gains, aiming to finish the week on a high note

Major US equity indices climbed during the opening hour of trade on Friday as investors shrugged off prospects of higher interest rates. 

The latest

NZD/USD sits at 1-1/2 week lows, below 0.73 handle

   •  Reviving USD demand offsets upbeat NZ data.

   •  Sliding US bond yields fail to lend any support. 

   •  Technically seems vulnerable to slid

USD/CAD plummets to 1.2620 on CPI data

The Canadian Dollar gathered unexpected traction vs. its American neighbour on Friday, dragging USD/CAD to as low as the 1.2620 region.

USD/CAD in 3-

Canada: Annual CPI rises 1.7% in January

"The Consumer Price Index (CPI) rose 1.7% on a year-over-year basis in January, following a 1.9% increase in December," the Statistics Canada reported

WTI stays positive albeit below $63.00, rig count eyed

Prices of the barrel of the American benchmark for the sweet light crude oil are extending the weekly recovery, although a convincing breakout of the

GBP/USD rebounds sharply after crashing, back around 1.40 mark

   •  Fat-finger trade triggers extreme volatility.

   •  Reviving USD demand does little to cap gains.

The GBP/USD pair quickly reversed the mid-Eu

USD/TRY faces further volatility near term – Danske Bank

Vladimir Miklashevsky, Senior Economist at Danske Bank, recommended a cautious approach to the Turkish Lira.

Key Quotes

“We see more volatility in t

BOE's Ramsden: Structural shocks to the economy from Brexit can’t be offset by monetary policy

BOE Deputy Governor David Ramsden, during a scheduled speech in Cambridge, was noted saying that structural shocks to the economy from Brexit can't be

EUR/USD parked around 1.2300 ahead of Fedspeak

The buying interest has returned to the US Dollar at the end of the week and keeps EUR/USD depressed around 1.2300 the figure so far today.


USD/JPY surrenders early gains, tracking weaker US bond yields

   •  USD manages to preserve daily gains but fails to lend support.

   •  Traders tracking weakness in the US bond yields. 

The USD/JPY pair strugg

Germany: Q4 GDP expanded at 0.6% - BBH

Analysts at BBH note that Germany’s provided details of its Q4 expansion of 0.6% and private consumption and capital investment were flat.  

Key Quot

GBP/USD plummets to 1.3900 and rebounds sharply, a fat finger trade?

The GBP/USD pair extended its retracement slide from the 1.40 neighborhood and tumbled to fresh session lows in the last hour, albeit quickly recovere

UK: Brexit at the centre stage - Westpac

Tim Riddell, Research Analyst at Westpac, explains that May’s Brexit Cabinet is thrashing out its stance in front of critical Brexit summits and negot

Eurozone: CPI slipped to 0.9% on the month - BBH

Analysts at BBH note that the eurozone confirmed the preliminary January CPI, which fell 0.9% on the month.  

Key Quotes

“The y/y pace of 1.3% repre