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Gold extended overnight strong rally and has now climbed back closer to over two-month highs touched last Friday, around $1290 level.

On Wednesday, the precious metal rose sharply after minutes from the Federal Reserve's July meeting hinted towards a possible delay in further rate hikes. This coupled with the latest news that t read more...

2017-08-17 14:57:18

Reports that President Draghi will not be making any new policy announcements during his Jackson Hole speech next week may have come as a disappointment to EUR bulls hoping for a regime-shifting policy signal from the ECB chief, according to Viraj Patel, Research Analyst at ING.

read more...

2017-08-17 14:48:49

The USD/JPY pair struggled to build on early strong up-move and remained capped below the 111.00 handle through the mid-European trading session.

Having posted a session high level of 110.93, the pair retreated few pips and now seems to have entered a consolidation phase aro read more...

2017-08-02 16:27:50

FX Strategists at UOB Group noted the relevance of the 1.1845 level in the near term horizon.

Key Quotes

“Instead of breaking above the Monday’s high of 1.1845, EUR traded mostly sideways yesterday before ending the day on a soft note. Indicators have turned neutral and further conso read more...

2017-08-02 16:12:03

According to CME Group’s preliminary data for the 6EU7 contract with expiration date on August 4, OTM (‘out of the money’) Puts rose by 1,989 contracts mainly in the 1.1600 strike price (+1,068 contracts), while OTM Calls rose by 2,174 contracts, mostly in the 1.1850 and 1.1800 strike prices (+1,202 contracts and +985 contra read more...

2017-07-26 13:25:49

In opinion of FX Strategists at UOB Group, the pair’s down trend remains intact for the time being.

Key Quotes :

“The downward trend in USD/CAD remains intact. In little more than two months, the pair has fallen from 1.3789 to around 1.2540 currently”.

“Canada& read more...

2017-07-24 14:35:28

Oil prices fell Monday, as investors kept a close eye on a meeting of major oil producers, amid hopes for a decision to include Nigeria and Libya to the production-cap deal orchestrated by the Organization of the Petroleum Exporting Countries.

In recent trading, light, sweet read more...

2017-07-24 14:26:37

Washington continues to struggle to replace the existing health care bill as two other Republicans (4 so far) anounced they will not vote in favour of the Republican-proposed health care bill. If we zoom out of to get back to the bigger picture, these delays are largely percieved as damaging and seen as delaying read more...

2017-07-19 22:52:37

COLOMBO, July 14 (Reuters) - The Sri Lankan rupee fell on Friday due to importer demand for the greenback while dollar buying by the central bank also weighed on the market, dealers said.

The spot rupee LKR= ended at 153.70/75 per dollar, slightly weaker from Thursday's close of 153.65/70

"There is some off-market im read more...

2017-07-15 09:53:11

LONDON, July 14 (Reuters) - The Japanese yen remained on the back foot against high-yielding currencies such as the Australian dollar on Friday after dovish comments from major policymakers this week reaffirmed market expectations that interest rates will rise very slowly.

"It is broadly a U.S. dollar-negative market as latest comm read more...

2017-07-15 09:48:25

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