Latest Forex, Commodities and Indices News
Headwinds are significant, but unlikely to derail the global recovery – ABN Amro
The global recovery has lost momentum, and is facing three key headwinds: the spread of the Delta variant, persistent supply chain bottlenecks, and the unwind [more]
USD/ZAR has the August high at 15.3950 in its crosshairs – Commerzbank
USD/ZAR continues to have the August peak at 15.3950 in its sights while remaining above 14.5682, Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, reports. [more]
USD/RUB once more approaches its current September low at 72.24 – Commerzbank
As Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, notes, the USD/RUB pair slides back towards its current September low at 72.24 below which sits [more]
USD/TRY trades in new all-time highs and still targets the 9.00 mark – Commerzbank
USD/TRY's advance above the previous all-time high at 8.8057 has so far taken it to its new all-time high at 8.8999. Axel Rudolph, Senior FICC [more]
USD/JPY climbs to the highest level since July 5, around 111.00 mark
USD/JPY attracted some dip-buying on Monday and turned positive for the fourth straight day. The risk-on mood continued weighing on the safe-haven JPY and extended [more]
USD/THB seen within 33.10 and 33.60 – UOB
Quek Ser Leang at UOB Group's Global Economics & Markets Research suggests USD/THB is likely to navigate within the 33.10-33.60 range for the time being. [more]
EUR/USD adds to recent losses and drops below 1.1700, looks to Lagarde
EUR/USD trades on the defensive below the 1.1700 level. German 10-year yields trade closer to -0.20%, last seen in July. ECB's C.Lagarde speaks later in [more]
UK’s Eustice: There isn’t a shortage of petrol
The UK Environment Minister George Eustice said in a statement on Monday that there is no shortage of petrol. He added that the "most important [more]
USD/TRY: 9.00 appears a tough nut to crack but lira remains vulnerable
USD/TRY sits at record highs after last week's CBRT surprise rate cut. Price could pull back amid overbought conditions on the daily chart. Impending bull [more]
EUR/GBP slides to one-week lows, further below mid-0.8500s
EUR/GBP witnessed aggressive selling on Monday and dropped to one-week lows. Tight German election results prompted some selling around the shared currency. The fuel crisis [more]
GBP/USD set to plummet on a break below the 1.36 support level – MUFG
Last week the pound was the second worst performing currency after the yen. The latest developments are creating a more negative combination of weaker growth [more]
EUR/CHF still seen higher at 1.11 on a 12-month horizon – Danske Bank
In August, EUR/CHF was approaching 1.07, but lately the pair has moved higher and was briefly above 1.09. Although economists at Danske Bank have slightly [more]
EUR/USD: German election uncertainty has limited initial impact on euro – MUFG
The euro has been little moved as widely expected by the release of the results from yesterday's German election. Complicated talks to form government are [more]
Fed: The environment may not be very conducive to tapering in late 2021 and 2022 – Natixis
The Federal Reserve's statements suggest that it will reduce the size of its asset purchases from the end of 2021; those from the European Central [more]
USD/CNH remains side-lined between 6.4350-6.4880 – UOB
USD/CNH now looks to extend the consolidative mood within the 6.4350-6.4880 range in the next weeks, commented FX Strategists at UOB Group. 24-hour view: "USD [more]
US Dollar Index gathers traction and tests 93.40
DXY picks up pace and adds to Friday's gains near 93.40. US 10-year yields pushes higher and approaches 1.47%. Fedspeak, Durable Goods Orders, Dallas Fed [more]
USD/CAD bounces off two-week lows, back around mid-1.2600s
A modest pickup in the USD demand assisted USD/CAD to bounce off the 1.2600 neighbourhood. Bullish oil prices continued underpinning the loonie and might keep [more]
GBP/USD jumps to 1.3700 neighbourhood, fresh session tops
GBP/USD attracted some dip-buying on Monday amid a subdued USD price action. The risk-on mood, retreating US bond yields dented demand for the safe-haven USD. [more]
GBP/USD: BoE hawkishness and upbeat mood to turn cable up
GBP/USD has been under pressure as a petrol shortage threatens the UK. However, the Bank of England's hawkishness, optimism about Evergrande and US data could [more]
Dogecoin network update to boost mainstream adoption, trigger next DOGE rally
Dogecoin can now be spent at 1,704 merchants, nearly three times last year. Co-founder Billy Markus argues that if all major miners and node operators [more]
USD/JPY faces the next target at 111.00 – UOB
The upside momentum in USD/JPY could push the pair to the 111.00 area in the next weeks, noted FX Strategists at UOB Group. 24-hour view: [more]
EUR/USD Daily Forecast – Support At 1.1690 In Sight
EUR/USD is currently trying to get below 1.1700 while the U.S. dollar is moving higher a broad basket of currencies. The U.S. Dollar Index is [more]
Natural Gas Futures: Upside seem contained near term
According to advanced prints from CME Group for natural gas futures markets, open interest shrank by around 7.4K contracts after two daily builds in a [more]
German SPD’s Scholz: Coalition agreement is possible between SPD, Greens and FDP
Olaf Scholz, the Social Democratic Party (SPD) Chancellor candidate to succeed Angela Merkel at the helm of Europe's largest economy said that he wins the [more]