2024-05-06 15:29
The Japanese yen is sharply lower on Monday after stringing together a three-day rally. USD/JPY is trading at 153.92, up 0.62% at the time of writing.
The yen took traders on a roller… Read More
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MarketPulse - MarketPulse is the market commentary of currency analysts on the state of forex markets using fundamental and technical tools and real time rates
2024-05-06 13:25
The euro has started the new trading week quietly. EUR/USD is up 0.23%, trading at 1.0787 in the North American session at the time of trading.
Eurozone investor confidence shows slight impr… Read More
2024-05-06 08:46
Stagflation risk is still lingering as indicated by the latest April US ISM Manufacturing and Services PMI data.
A not fully priced-in stagflation risk scenario may support another bullish i… Read More
2024-05-06 08:43
The Australian dollar has started the week with modest gains. AUD/USD is up 0.25%, trading at 0.6624 in the European session at the time of writing. The Aussie is coming off a strong week, h… Read More
2024-05-03 11:28
The New Zealand dollar has extended its gains on Friday. NZD/USD is trading at 0.5985, up 0.39% at the time of writing.
It has been a roller-coaster ride for the New Zealand dollar, which pl… Read More
2024-05-03 10:32
The British is in positive territory on Friday. GBP/USD is trading at 1.2555, up 0.16% at the time of writing.
UK Services PMI hits 11-month high
The service sector accelerated in April, as… Read More
2024-05-03 09:42
Nasdaq 100 has exhibited short-term intraday wild gyrations of 3% to 4% in opposite directions since last week.
Today’s data focus will be on US non-farm payrolls and ISM Services PMI… Read More
2024-05-02 14:04
The Australian dollar has steadied after two straight days of sharp swings. AUD/USD is up 0.14%, trading at 0.6532 at the time of writing in the North American session.
It has been a roller… Read More
2024-05-02 12:07
USD/CAD is steady on Thursday and is trading at 1.3720, down 0.14% at the time of writing.
Powell says inflation still too high to lower rates
The Federal Reserve kept the benchmark rate in… Read More
2024-05-02 10:59
It has been a remarkable week for the yen, which has exhibited sharp swings throughout the week.
The Japanese yen fell as much as 1% earlier and on Thursday but has pared most of those losse… Read More
2024-05-01 15:14
Japanese yen is trading quietly on Wednesday. USD/JPY is trading at 157.68, down 0.07% at the time of writing.
Fed expected to hold rates
The Federal Reserve meets later today and is widely… Read More
2024-05-01 13:45
The Australian dollar has steadied on Wednesday after sliding 1.4% a day earlier. AUD/USD is up 0.19%, trading at 0.6489 at the time of writing in the North American session.
Australian doll… Read More
2024-05-01 10:02
The New Zealand dollar has steadied on Thursday, after a sharp decline of 1.5% a day earlier. NZD/USD is trading higher 0.08% on the day at 0.5890, at the time of writing.
New Zealand’… Read More
2024-04-30 16:54
The Canadian dollar is down sharply on Tuesday. In the North American session, USD/CAD is trading at 1.3743, down 0.71%.
Canada’s GDP rises 0.2%
Canada’s economy continues to str… Read More
2024-04-30 14:31
The euro is slightly lower on Tuesday. In the North American session, EUR/USD is trading at 1.0703, down 0.17%.
Eurozone GDP climbs, inflation dips
The eurozone economy expanded by 0.3% q/q… Read More
2024-04-30 11:16
Eurozone preliminary core CPI rate for April continued to inch lower at 2.7% y/y, its slowest pace of inflationary pressure since February 2022.
2-year and 10-year Eurozone sovereign bonds/… Read More
2024-04-30 10:09
The Japanese yen is lower on Tuesday. In the European session, USD/JPY is trading at 156.88, up 0.34%.
It has been a relatively quiet day for the yen after massive movement over the past two… Read More
2024-04-29 07:26
USD/JPY extended its rally to hit 159.60 key long-term resistance (also the April 1990 secular swing high).
Today’s Asian session’s swift upmove in USD/JPY has led to an increase… Read More
2024-04-26 11:24
The Australian dollar has posted four straight winning sessions this week and is in positive territory on Friday. In the European session, AUD/USD is trading at 0.6534, up 0.24%. The Aussie… Read More
2024-04-26 09:58
The Swiss franc is steady on Friday. In the European session, USD/CHF is almost unchanged at 0.9118.
It has been quite a ride for the Swiss franc, which hit eight-year highs against the US d… Read More
2024-04-26 08:43
The Japanese yen is swinging sharply on Friday. In the European session, USD/JPY is trading at 156.46, up 0.52%.
It has been a busy Friday in Japan. Japanese inflation data, which was releas… Read More
2024-04-26 02:38
Tokyo’s core-core inflation for April came in at 1.8% y/y, its slowest pace of increase since September 2022 & below BoJ’s inflation target of 2%.
The latest set of softer-th… Read More
2024-04-25 14:46
The British is in positive territory on Thursday. In the North American session, GBP/USD is trading at 1.2492, up 0.23%.
US GDP slows to 1.6%
Is the US economy finally slowing down? Recent k… Read More
2024-04-25 10:52
The Japanese yen continues to lose ground on Thursday. In the European session USD/JPY is trading at 155.61, up 0.17%. Earlier, the yen dropped to a 34-year low of 155.74.
Friday will be a b… Read More
2024-04-25 09:15
The euro has edged higher on Thursday. In the European session, EUR/USD is trading at 1.0726, up 0.25%.
German consumer confidence hits two-year high
Germany’s GfK Consumer Climate ind… Read More
2024-04-24 18:08
The Canadian dollar is in negative territory on Wednesday after a five-day winning streak in which it gained 1.1%. In the North American session, USD/CAD is trading at 1.3703, up 0.29%.
Cana… Read More
2024-04-24 12:42
The Australian dollar has edged higher on Wednesday. In the European session, AUD/USD is trading at 0.6504, up 0.27%. The Australian dollar rose as high as 0.6529 (0.64%) after the Australia… Read More
2024-04-24 10:19
The euro is slightly lower on Wednesday. In the European session, EUR/USD is trading at 1.0685, down 0.16%.
German shows signs of optimism
Germany’s Ifo Business Climate index rose to… Read More
2024-04-24 09:37
This is a follow-up analysis of our prior report, “Gold Technical: At risk of mean reversion corrective decline after 19% gain” published on 15 April 2024. Click here for a recap… Read More
2024-04-23 01:29
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week’s key economic data and events. Firstly, Australia’s monthly CPI (March) out on Wednesday (24 Apr) i… Read More
2024-04-22 11:12
The S&P 500 has recorded three consecutive weekly losses since its recent all-time high level of 5,265 printed on 28 March 2024.
Last week’s decline of -3.05% was its worst weekly… Read More
2024-04-19 14:14
Euro recovers after dip
The euro fell as much as 0.30% earlier but has recovered and edged higher. In the North American session, EUR/USD is trading at 1.0666, up 0.21%. The euro remains und… Read More
2024-04-19 11:54
The Japanese yen showed some promise earlier, gaining as much as 0.48% against the US dollar as it rose to 153.59. However, it has pared those gains and is trading in Europe at 154.58, down… Read More
2024-04-19 09:35
The British pound dipped 0.30% earlier today but has managed to recover the losses. In the European session, GBP/USD is trading at 1.2451, up 0.12%.
Retail sales misses estimate
The UK relea… Read More
2024-04-18 15:33
The British pound is having a quiet week and that trend has continued on Thursday . In the North American session, GBP/USD is trading at 1.2450, down 0.04%.
Will UK retail sales improve?
The… Read More
2024-04-18 13:45
The Japanese yen is almost unchanged on Thursday. In the North American session, USD/JPY is trading at 154.44, up 0.03%.
It’s a light data calendar today. US unemployment claims were u… Read More
2024-04-18 10:55
The Australian dollar is steady on Thursday. In the European session, AUD/USD is trading at 0.6442, up 0.12%.
Australia’s employment declines
Australia’s job growth hit the break… Read More
2024-04-17 15:34
The Australian dollar has stabilized on Wednesday, after a 2.2% decline over the past three days. In the North American session, AUD/USD is trading at 0.62254, up 0.37% but remains close to… Read More
2024-04-17 14:16
The New Zealand dollar has bounced back with strong gains on Wednesday, ending a nasty slide of 3.4% which started last week. In the North American session, NZD/USD is trading at 0.5907, up… Read More
2024-04-17 11:46
The British pound has rebounded after sliding 2.1% over the past week. In the European session, GBP/USD is trading at 1.2461, up 0.28%.
UK inflation drops to 3.2%
Inflation in the UK continu… Read More
2024-04-17 09:24
A bolder dovish ECB increases the likelihood of a yield premium shrinkage of Eurozone sovereign bonds over Switzerland sovereign bonds.
The recent 2-month of rallies seen in the EUR/CHF have… Read More
2024-04-16 15:42
The New Zealand dollar is down for a third straight day and has plunged 3.4% in less than a week. In the North American session, NZD/USD is trading at 0.5881, down 0.36%.
New Zealand inflati… Read More
2024-04-16 14:16
The Canadian dollar is down for a fifth straight day and has slipped 1.9% during that time. In the North American session, USD/CAD is trading at 1.3840, up 0.37%.
Canada’s inflation ri… Read More
2024-04-16 11:00
The odds have inched higher for a currency war scenario where the Chinese yuan may be weakened further to drive export growth due to its latest decelerating growth trend in China’s ret… Read More
2024-04-16 10:10
The British pound dropped 0.30% after today’s UK employment report but has recovered most of these losses. In the European session, GBP/USD is trading at 1.2452, up 0.05%.
UK job growt… Read More
2024-04-16 01:38
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week’s key economic data and events. Firstly, the possible scenarios on the trajectory oil prices after its 13%… Read More
2024-04-15 15:12
The British pound is steady on Monday. In the North American session, GBP/USD is trading at 1.2445, up 0.05%.
US retail sales climb 0.7%
US consumers continue to shop and spend as March reta… Read More
2024-04-15 12:14
The euro has stabilized on Monday after sustaining sharp losses on Friday. In the European session, EUR/USD is trading at 1.0656, up 0.14%. The US dollar posted strong gains last week agains… Read More
2024-04-15 10:13
The New Zealand dollar has stabilized on Monday after as sharp decline of 1% on Friday. In the European session, NZD/USD is trading at 0.5945, up 0.14%. The New Zealand dollar dropped as low… Read More
2024-04-15 07:12
Commitments of Traders aggregate net bullish open positions of large speculators in the Gold futures market have flashed a bearish contrarian condition.
The recent rally in Gold (XAU/USD) h… Read More
2024-04-12 13:02
The New Zealand dollar is down sharply on Friday. In the North American session, NZD/USD is trading at 0.5956, down 0.68%. The US dollar has moved higher against the majors and NZD/USD has d… Read More
2024-04-12 11:20
The euro continues to stumble and is down for a fourth straight day. In the European session, EUR/USD is trading at 1.0653, down 0.67%. The euro has fallen 1.7% this week as the US dollar co… Read More
2024-04-12 09:57
Three major US banks; JPMorgan Chase, Citigroup, and Wells Fargo will report their Q1 2024 earnings results today. JPMorgan Chase is ranked 13th in terms of component weightage in the DJIA… Read More
2024-04-12 09:55
The British pound has edged lower on Friday. In the European session, GBP/USD is trading at 1.2594, down 0.47%. The pound is down 1.1% this week and fell to 1.2489 earlier today, its lowest… Read More
2024-04-11 14:28
The Australian dollar has stabilized on Thursday. In the North American session, AUD/USD is trading at 0.6524, up 0.19%. The Aussie plunged 1.75% a day earlier after US inflation accelerated… Read More
2024-04-11 12:07
The Canadian dollar is almost unchanged on Thursday, after sliding 0.8% a day earlier. In the European session, USD/CAD is trading at 1.3569, up 0.04%.
BoC holds interest rates
There were no… Read More
2024-04-11 09:39
The euro is steady on Thursday, after sliding over 1% on Wednesday following the hot US inflation report. In the European session, EUR/USD is trading at 1.0745, down 0.03%.
ECB widely expect… Read More
2024-04-11 09:35
A firmer March’s US CPI has altered the relative fundamentals narrative between the US & Japan.
Reduces the risk of FX intervention from Japanese authorities to prop up a weaker JP… Read More
2024-04-11 04:07
Talking Points
European Central Bank – ECB
US Consumer Price Index – US CPI
EUR/USD Technical Analysis – Weekly Chart
EUR/USD has been grappling with significant pressure o… Read More
2024-04-10 15:36
The Australian dollar has declined sharply on Wednesday. In the North American session, AUD/USD is trading at 0.6515, down 1.7%.
US inflation higher than expected at 3.5%
The US consumer pri… Read More
2024-04-10 11:33
The Canadian dollar is slightly lower on Wednesday. In the European session, USD/CAD is trading at 1.3559, down 0.09%.
Bank of Canada expected to stay pat
The Bank of Canada is widely expect… Read More
2024-04-10 09:12
The New Zealand dollar has extended its gains on Wednesday and is higher for a third straight day. In the North American session, NZD/USD is trading at 0.6074, up 0.24%.
RBNZ holds rates, sa… Read More
2024-04-09 13:23
The New Zealand dollar has posted considerable gains on Tuesday. In the North American session, NZD/USD is trading at 0.6065, up 0.54% and its highest level since March 21.
RBNZ widely expec… Read More
2024-04-09 11:53
The Australian dollar is in positive territory on Tuesday. In the European session, AUD/USD is trading at 0.6620, up 0.25%.
Consumer confidence sags
Australian consumers have been pessimisti… Read More
2024-04-09 09:25
The Japanese yen is drifting on Tuesday. In the European session, USD/JPY is trading at 151.88, up 0.02%.
It’s as light data calendar today. Japan’s average cash earnings rose 1… Read More
2024-04-09 01:27
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week’s key economic data and events. Firstly, a quick recap on what happened last week week where the initial F… Read More
2024-04-08 17:00
no Read More
2024-04-08 15:58
US Consumer Price Index – CPI
The US Consumer Price Index CPI Y/Y overall trend has been steadily declining after reaching its peak of 9.06% in June 2022. A drop in all CPI components… Read More
2024-04-08 13:01
The euro is calm at the start of the trading week. In the North American session, EUR/USD is trading at 1.0830, down 0.07%.
German industrial production rises 2.1%
Is the German economy comi… Read More
2024-04-08 10:12
The Canadian dollar is showing limited movement on Monday. In the European session, USD/CAD is trading at 1.3598, up 0.06%.
Canada and the US both released March employment reports on Friday… Read More
2024-04-08 08:13
Higher oil prices have led to higher inflationary expectations in the US via the breakeven rates.
Recent rise in inflationary expectations coupled with recent “less dovish” Fed S… Read More
2024-04-05 10:41
The Japanese yen showed a bit of strength earlier but has pared these gains. In the European session, USD/JPY is trading at 15141, up 0.04%
All eyes on US nonfarm payrolls
The markets are br… Read More
2024-04-05 09:39
The Canadian dollar is slightly lower on Friday. In the European session, USD/CAD is trading at 1.3559, up 0.12%.
Canada and the US will both release employment data later today, which could… Read More
2024-04-04 14:31
The Australian dollar continues to power ahead and has posted strong gains for a third straight day. In the North American session, AUD/USD is trading at 0.6614, up 0.75%.
Australian Service… Read More
2024-04-04 13:26
The Swiss franc is lower on Thursday. Early in the North American session, USD/CHF is trading at 0.9050, up 0.24%. It has been a bumpy year for the Swiss franc, which is down 7.7% against th… Read More
2024-04-04 08:50
The euro is on a bit of a roll and has pushed slightly higher on Thursday. In the European session, EUR/USD is trading at 1.0857, up 0.19%. The euro is up for a third straight day and has cl… Read More
2024-04-03 16:33
The Japanese yen is steady on Wednesday. In the North American session, USD/JPY is trading at 151.60 up 0.02%. Earlier today, the yen came within a whisker of the 152 line, climbing as… Read More
2024-04-03 09:50
The euro is showing little movement on Wednesday. In the European session, EUR/USD is trading at 1.0777, up 0.05%.
Eurozone inflation ticks lower
Inflation in the eurozone continues to decli… Read More
2024-04-02 14:03
The Reserve Bank of Australia minutes of the March meeting indicated that there was no mention of raising interest rates. This points to a less hawkish stance but the Australian dollar is un… Read More
2024-04-02 09:38
The British pound is steady on Tuesday after starting the week with losses. In the European session, GBP/USD is trading at 1.2563, up 0.09%. On Monday, the pound fell 0.57% and dropped as lo… Read More
2024-04-01 16:59
The Australian dollar has started the trading week with considerable losses. In the North American session, AUD/USD is trading at 0.6482, down 0.50%.
Will RBA minutes provide any insights on… Read More
2024-04-01 11:46
The Japanese yen is coming off a quiet week and is showing little movement on Monday. In the European session, USD/JPY is trading at 151.38, up 0.03%.
Business confidence among major manufac… Read More
2024-03-29 11:15
The euro has edged lower on Friday. In the European session, EUR/USD is trading at 1.0782, down 0.05%.
It has been a bumpy road for the euro in 2024, as the currency has declined 2.3% so fa… Read More
2024-03-29 10:01
The Japanese yen continues to have a quiet week and is unchanged in the European session at 151.17.
Tokyo Core CPI inches lower to 2.4%
Tokyo Core CPI, which excludes fresh food, eased to 2… Read More
2024-03-28 18:02
The Canadian dollar is slightly higher on Thursday. USD/CAD is trading at 1.3537 in the North American session, down 0.23%.
Canada’s GDP rebounds with 0.6% gain
Canada’s GDP boun… Read More
2024-03-28 10:50
The Australian dollar is down sharply and has fallen to a three-week low. In the European session, AUD/USD is trading at 0.6491, down 0.66%.
Australia’s retail sales rise 0.3%
Australi… Read More
2024-03-28 08:55
The price actions of Nasdaq 100 have reached the lower limit of a major resistance zone of 18,435/620.
Heightened over-concentration risk from Nvidia as its current year-to-date returns of 8… Read More
2024-03-27 15:22
The Australian dollar continues to drift. In the European session, AUD/USD is trading at 0.6529, down 0.06%.
Australian CPI softer than expected
Australia’s inflation rate stayed stead… Read More
2024-03-27 11:18
The Japanese yen has edged higher on Wednesday. In the European session, USD/JPY is trading at 151.17, down 0.26%.
Yen falls to 34-year low, will Tokyo intervene?
The Bank of Japan raised in… Read More
2024-03-26 15:26
The Japanese yen continues to have a quiet week. In the North American session, USD/JPY is trading at 151.36, down 0.03%.
BoJ core inflation eases to 2.3%
Bank of Japan core inflation fell t… Read More
2024-03-26 11:11
The Australian dollar has extended its gains on Tuesday. In the European session, AUD/USD is trading at 0.6557, up 0.26%. On today’s data calendar, the US will release two tier-1 event… Read More
2024-03-26 08:55
The surprise rate cut by SNB has reinforced the bearish momentum of CHF/JPY.
CHF has weakened across the board against the G-10 currencies; it is the weakest against the EUR.
Watch the 169.0… Read More
2024-03-26 02:04
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week’s key economic data and events. A relatively quieter week versus last week’s major central ban… Read More
2024-03-25 14:29
The Japanese yen is showing limited movement on Monday. In the North American session, USD/JPY is trading at 151.25, down 0.13%.
Yen can’t find its footing
Last week’s Bank of Ja… Read More
2024-03-25 11:15
The Australian dollar has started the week with slight gains, after sliding 0.86% on Friday. In the European session, AUD/USD is trading at 0.6530, up 0.24%.
PBoC move sends Aussie sharply l… Read More
2024-03-25 07:56
A less dovish Fed with a surprise cut by SNB has triggered a bout of US dollar strength since last Thursday, 21 March.
China’s central bank, PBoC responded with a lower-than-expected d… Read More
2024-03-22 13:24
The Canadian dollar has extended its losses on Friday. USD/CAD is trading at 1.3569 in the North American session, up 0.29%.
Canada’s retail sales slip in January
Canada’s retai… Read More
2024-03-22 10:07
The British pound has extended its losses on Friday. In the European session, GBP/USD is trading at 1.2600, down 0.45%. Earlier, the pound fell as low as 1.2584, its lowest level since March… Read More
2024-03-21 18:10
The Swiss franc has tumbled on Thursday after the Swiss National Bank lowered interest rates. In the North American session, USD/CHF is trading at 0.8987, up 1.35% on the day. Earlier, the S… Read More
2024-03-21 11:09
The British pound is slightly lower on Thursday. In the European session, GBP/USD is trading at 1.2766, down 0.16%.
BoE expected to hold rates
The markets will shift focus from the Federal R… Read More
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