Forex News

SNB's Schlegel: Switzerland is not a currency manipulator

News Discussion Forum

by Forex Live

SNB's Schlegel: Switzerland is not a currency manipulator

Comments from the SNB Chairman

SNB

Răspundeți

News Discussion Forum

by Fxstreet

Gold on the rollercoaster – Commerzbank

"The price of Gold went on a bit of a rollercoaster ride on Thursday, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.

Gold

XAUUSD

Banks

Commodities

Metals

Răspundeți

OPEC still sees undersupplied Oil market – Commerzbank

News Discussion Forum

by Fxstreet

OPEC still sees undersupplied Oil market – Commerzbank

OPEC has also confirmed its forecasts for Oil demand, Commerzbank's commodity analyst Carsten Fritsch notes.

Oil

Banks

Energy

OPEC

Răspundeți

Silver Price Forecast: XAG/USD slides to near $32.30 on US-China trade optimism

News Discussion Forum

by Fxstreet

Silver Price Forecast: XAG/USD slides to near $32.30 on US-China trade optimism

Silver price (XAG/USD) falls sharply to near $32.30 during European trading hours on Friday. The white metal is down over 1% as investors become increasingly confident about a trade deal between the United States (US) and China.

Silver

XAGUSD

YieldCurve

China

UnitedStates

Răspundeți

IEA sees Oil market still significantly oversupplied despite higher demand forecast – Commerzbank

News Discussion Forum

by Fxstreet

IEA sees Oil market still significantly oversupplied despite higher demand forecast – Commerzbank

The International Energy Agency (IEA) has left its forecast for the increase in global Oil demand virtually unchanged. It expects growth of 740 thousand and 760 thousand barrels per day this year and next year respectively. However, demand momentum is expected to slow over the course of the year.

Oil

Banks

Energy

Brent

Răspundeți

Gold falls as trade tensions ease and Fed outlook shifts – Commerzbank

News Discussion Forum

by Fxstreet

Gold falls as trade tensions ease and Fed outlook shifts – Commerzbank

The price of Gold has come under considerable pressure in recent days, Commerzbank's commodity analyst Carsten Fritsch notes.

Gold

XAUUSD

Commodities

Banks

Metals

Răspundeți

UK: EU trade deal remains the biggest prize – Standard Chartered

News Discussion Forum

by Fxstreet

UK: EU trade deal remains the biggest prize – Standard Chartered

The UK government is aiming to build on recent momentum after trade deals with the US and India. The UK-EU summit on 19 May presents an opportunity to start reducing non-tariff barriers.

UnitedKingdom

Banks

Politics

GBPUSD

Răspundeți

Russia-Ukraine talks in Istanbul set to begin shortly

News Discussion Forum

by Forex Live

Russia-Ukraine talks in Istanbul set to begin shortly

Reuters with the headline, citing a source from the Turkish foreign ministry

Politics

Răspundeți

Oil gains on trade optimism, then slips on Iran talks – Commerzbank

News Discussion Forum

by Fxstreet

Oil gains on trade optimism, then slips on Iran talks – Commerzbank

Oil prices rose significantly earlier this week, before falling again recently, Commerzbank's commodity analyst Carsten Fritsch notes.

Oil

Banks

Commodities

Energy

WTI

Răspundeți

Silver price today: Silver falls, according to FXStreet data

News Discussion Forum

by Fxstreet

Silver price today: Silver falls, according to FXStreet data

Silver prices (XAG/USD) fell on Friday, according to FXStreet data.

Silver

Commodities

Metals

Răspundeți

News Discussion Forum

by Fxstreet

JPY: No summer hike – Commerzbank

The Japanese economy has not gotten off to a particularly good start this year. According to GDP figures published this morning, economic output declined slightly in the first quarter, falling by 0.2% compared with the previous quarter.

USDJPY

Banks

Japan

BOJ

Răspundeți

USD/CNH: Expected to trade in a sideways range of 7.1970/7.2190 – UOB Group

News Discussion Forum

by Fxstreet

USD/CNH: Expected to trade in a sideways range of 7.1970/7.2190 – UOB Group

US Dollar (USD) is expected to trade in a sideways range of 7.1970/7.2190. In the longer run, a breach of 7.2330 would indicate that the likelihood of USD declining to 7.1700 has faded, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Banks

Technical Analysis

USDCNH

Răspundeți

News Discussion Forum

by Fxstreet

USD/CNH: 2-way trades likely – OCBC

USD/CNY fix continues to come in slightly softer (and below spot) for the whole week, last seen trading at 7.2057 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

Banks

USDCNH

Technical Analysis

China

Răspundeți

EUR/USD declines as US consumer inflation expectations rise further

News Discussion Forum

by Fxstreet

EUR/USD declines as US consumer inflation expectations rise further

EUR/USD slides to near 1.11500 during North American trading hours on Friday. The major currency pair weakens as the US Dollar (USD) turns positive after recovering initial losses, following the release of the flash United States (US) consumer sentiment and inflation expectations data for May.

EURUSD

ECB

Fed

Inflation

SEO

Răspundeți

USD/JPY: Upward momentum has dissipated – UOB Group

News Discussion Forum

by Fxstreet

USD/JPY: Upward momentum has dissipated – UOB Group

Scope for USD to grind lower and test 144.95 vs Japanese Yen (JPY); a sustained break below this level seems unlikely. In the longer run, upward momentum has dissipated; USD is expected to consolidate in a range of 144.50/148.50 for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

USDJPY

Technical Analysis

Banks

Răspundeți

What are the interest rates expectations after this week's events and data?

News Discussion Forum

by Forex Live

What are the interest rates expectations after this week's events and data?

Expectations consolidated for most central banks. The economic data will determine the next direction for the repricing.

market overview

Răspundeți

USD/JPY: Short bias on the daily charts – OCBC

News Discussion Forum

by Fxstreet

USD/JPY: Short bias on the daily charts – OCBC

USD/JPY continued to trade lower amid decline in UST yields. Pair was last at 145.59 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

USDJPY

Technical Analysis

Banks

Răspundeți

News Discussion Forum

by Fxstreet

RUB: Unrealistic optimism – Commerzbank

USD/RUB and EUR/RUB are not market-driven or floating exchange rates. Even so, at this time, these exchange rates are reflecting excessive optimism that the US administration will push for a peace treaty with Ukraine and this will involve some of the harsh sanctions on Russia being removed.

USDRUB

RussianFederation

Banks

Răspundeți

News Discussion Forum

by Fxstreet

DXY: Slight downside risk – OCBC

USD turned lower, tracking UST yields lower. DXY was last at 100.75 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

DollarIndex

Banks

Technical Analysis

Răspundeți

Russia demands that talks with Ukraine take place without US, Turkish representatives

News Discussion Forum

by Forex Live

Russia demands that talks with Ukraine take place without US, Turkish representatives

Reuters reports on the matter

Politics

Răspundeți

NZD/USD: Under mild downward pressure – UOB Group

News Discussion Forum

by Fxstreet

NZD/USD: Under mild downward pressure – UOB Group

New Zealand Dollar (NZD) is under mild downward pressure against the US Dollar (USD); it could drift lower and test 0.5855. In the longer run, outlook is mixed; NZD is expected to trade in a 0.5835/0.6030 range, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

NZDUSD

Technical Analysis

Banks

Răspundeți

US natural gas prices drop 3.7% on storage data – ING

News Discussion Forum

by Fxstreet

US natural gas prices drop 3.7% on storage data – ING

US natural gas prices fell sharply after storage data from the EIA revealed a larger-than-average inventory build, reinforcing concerns over supply resilience despite year-on-year deficits, ING's commodity experts Ewa Manthey and Warren Patterson note.

Gas

UnitedStates

Energy

Banks

Răspundeți

S.Korea Trade Minister: Possibility that the trade deal might come after 8 July deadline

News Discussion Forum

by Fxstreet

S.Korea Trade Minister: Possibility that the trade deal might come after 8 July deadline

South Korea's Trade Minister Ahn Duk-geun said on Friday that “there is a possibility that the trade deal might come after the 8 July deadline.”

SouthKorea

USDKRW

TradeWar

UnitedStates

Răspundeți

AUD/USD: Expected to trade between 0.6380 and 0.6445 – UOB Group

News Discussion Forum

by Fxstreet

AUD/USD: Expected to trade between 0.6380 and 0.6445 – UOB Group

Downward momentum has not increased further; Australian Dollar (AUD) is expected to trade between 0.6380 and 0.6445 against US Dollar (USD).

AUDUSD

Technical Analysis

Banks

Răspundeți

News Discussion Forum

by Fxstreet

Iran nuclear deal hopes – ING

The oil market sold off yesterday following comments from President Trump that the US and Iran were moving closer towards a nuclear deal, ING's commodity experts Ewa Manthey and Warren Patterson note.

Oil

Banks

Commodities

Energy

Răspundeți

GBP/USD: Set to trade in a range of 1.3270/1.3345 – UOB Group

News Discussion Forum

by Fxstreet

GBP/USD: Set to trade in a range of 1.3270/1.3345 – UOB Group

Pound Sterling (GBP) could trade in a range of 1.3270/1.3345. In the longer run, GBP is likely to trade in a 1.3140/1.3405 range, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

GBPUSD

Banks

Technical Analysis

Răspundeți

What drives the repricing in interest rates expectations is key for the market

News Discussion Forum

by Forex Live

What drives the repricing in interest rates expectations is key for the market

The two main drivers of the repricing are growth and inflation. It's important to distinguish the main driver of the repricing because you can have different outcomes.

market overview

Răspundeți

News Discussion Forum

by Fxstreet

USD: Dovish momentum re-emerging – ING

This week’s data flow has been quite dovish for the Federal Reserve. After the soft April CPI, PPI dropped by 0.5% month-on-month, against expectations of a 0.2% rise, with significant upward revisions for March data.

DollarIndex

Banks

Technical Analysis

Fed

Răspundeți

Gold slides 2% lower with peace talks in Turkey going ahead

News Discussion Forum

by Fxstreet

Gold slides 2% lower with peace talks in Turkey going ahead

Gold (XAU/USD) price trades on the backfoot, trading at $3,178 at the time of writing on Friday while multiple questions and concerns arise in markets and amongst traders.

Gold

Commodities

UnitedStates

SEO

TradeWar

Răspundeți

EUR/USD: Likely to trade between 1.1145 and 1.1235 – UOB Group

News Discussion Forum

by Fxstreet

EUR/USD: Likely to trade between 1.1145 and 1.1235 – UOB Group

Euro (EUR) is expected to continue to range trade, likely between 1.1145 and 1.1235. In the longer run, EUR is likely to consolidate between 1.1100 and 1.1290 for the time being, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Technical Analysis

EURUSD

Banks

Răspundeți

South Korea says there is possibility trade deal might come after 8 July deadline

News Discussion Forum

by Forex Live

South Korea says there is possibility trade deal might come after 8 July deadline

Further remarks by South Korea's trade chief Ahn Duk-geun

Politics

Răspundeți

News Discussion Forum

by Fxstreet

EUR: Tied to 1.12, but looking up – ING

The Euro (EUR) has been only marginally impacted by domestic news this week. 1Q growth was revised a touch lower from 0.4% to 0.3% yesterday, although March industrial production figures were stronger than expected, ING's FX analyst Francesco Pesole notes

Banks

EURUSD

Technical Analysis

Răspundeți