Latest Updates

EURUSD Attracts Bids After Better EU PMI’s

EURUSD Attracts Bids After Better EU PMI’s

EURUSD is trading 0.18% higher at 1.1105 getting a hand from better PMI data in Eurozone. Germany’s Manufacturing PMI came in at 43.6 beating expectations of 43 in August the Composite PMI also came in at 51.4 above forecasts of 50.5 in August. The EU Manufacturing PMI came in at [...]
Nikkei 225 Slightly Higher, Asian Indices Mixed

Nikkei 225 Slightly Higher, Asian Indices Mixed

Nikkei 225 and Asian equities ended mixed today as investors looking for clues on next monetary policy steps by central banks and stimulus the will revive the hectic global economy.  U.S.-China trade war weighs on global economic growth. The Hang Seng trading 1.00 per cent lower at 26,008, the Singapore [...]
NZDUSD Next Support at 2016 Lows

NZDUSD Next Support at 2016 Lows

NZDUSD is trading 0.024% lower at 0.6387 a level that we haven’t seen since January 2016 as the pair continues the downward move after Reserve Bank of New Zealand cut aggressively the OCR by 50bp to 1.00%, while the market forecasting a 25bp cut. The RBNZ Monetary Policy Committee expects [...]
Forex Focus in EU PPI’s and ECB Minutes

Forex Focus in EU PPI’s and ECB Minutes

EURUSD traders will watch today the PMI’s from European countries; here is the calendar: France August flash manufacturing, services, composite PMI at 7:15GMT Germany August flash manufacturing, services, composite PMI at 7:30GMT Eurozone August flash manufacturing, services, composite PMI at 8:00GMT The UK August CBI retailing reported sales will be released [...]
Crude Oil Flirting with Two Week Highs

Crude Oil Flirting with Two Week Highs

Crude Oil prices are trading 1.05% higher for the day after United States EIA Crude Oil Stocks Change came in at -2.732M below expectations of -1.889M in August 16. Crude Oil price rallied since the low from August 7th price at $50.74 up to $56 as the global growth concerns [...]

EURUSD Monthly Volatility at 34 Year Lows

The average 12-month volatility in the EURUSD is at a low of 304 pips per month. The EURUSD did not exist in 1985, but EURUSD synthetic price data by IDC shows that if it did, then today’s monthly volatility would be as low as it was in January 1985. However, [...]
USDCAD Slumps 40 Pips After Canadian CPI

USDCAD Slumps 40 Pips After Canadian CPI

USDCAD trades 0.34% lower at 1.3269 Canada Consumer Price Index (year over year) came in at 2% topping expectations of 1.7% in July, the monthly reading for Consumer Price Index (month over month) came in at 0.5% beating forecasts of 0.2% in July.  Crude oil, Canada’s main export product is [...]