Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
US Dollar Index Price Forecast: Bears eye two-month lows around 99.40
The US Dollar Index (DXY) edges lower for the second consecutive day on Wednesday, after failing to consolidate above the 100.00 level on Monday.
Euro: Mild upside toward 1.1565 cap against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlights that EUR/USD firmed to 1.1529, with short‑term momentum turning slightly higher. They see scope for the Euro to edge up but doubt an intraday break of 1.1565, with 1.1545 as nearer resistance and 1.1515/1.1500 as supports.
AUD/USD Price Forecast: Steadies around 0.7050 as bullish bias prevails
AUD/USD moves little after registering over 0.5% gains in the previous day, trading around 0.7050 during the Asian hours on Wednesday. The technical analysis of the daily chart shows that the pair is remaining within the ascending channel pattern, suggesting a prevailing bullish bias.
Russia S&P Global Services PMI increased to 49 in July from previous 48.2
Russia S&P Global Services PMI increased to 49 in July from previous 48.2
EUR/USD Price Forecast: Hawkish ECB bets back fresh upside
The Euro (EUR) trades marginally higher at around 1.1536 against the US Dollar (USD) during the European trading session on Wednesday.
New Zealand Dollar weakens below 0.5900 as Unemployment Rate jumps to highest since 2015
The NZD/USD pair weakens to near 0.5870 during the early European trading hours on Wednesday. The New Zealand Dollar attracts some sellers against the US Dollar (USD) after New Zealand’s unemployment rate climbs to the highest in 11 years.
Indian Rupee surrenders some gains, RBI maintain status quo again
The Indian Rupee (INR) surrenders some gains after a strong opening against the US Dollar (USD), following the Reserve Bank of India’s (RBI) monetary policy decision.
Indonesian Rupiah remains stronger on strong domestic GDP
USD/IDR depreciates after registering minor gains in the previous day, trading around 17,970 during the Asian hours on Wednesday. The currency pair is under downward pressure as a combination of strong Indonesian economic performance and softening US Dollar (USD) demand weighs on the pair.
USD/JPY Price Forecast: Holds steady above 157.50 as bulls await 50-hour EMA breakout
The USD/JPY pair drifts lower during the Asian session on Wednesday and, for now, seems to have stalled this week's goodish recovery from the 155.25-155.20 region, or the lowest since May.
India HSBC Services PMI above expectations (53.1) in July: Actual (53.3)
India HSBC Services PMI above expectations (53.1) in July: Actual (53.3)
India HSBC Composite PMI in line with expectations (54.3) in July
India HSBC Composite PMI in line with expectations (54.3) in July
Singapore Retail Sales (YoY) climbed from previous 3% to 4% in June
Singapore Retail Sales (YoY) climbed from previous 3% to 4% in June
Singapore Retail Sales (MoM) rose from previous -2.3%Â to 1% in June
Singapore Retail Sales (MoM) rose from previous -2.3%Â to 1% in June