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FX Strategists at UOB Group noted EUR/USD is still seen navigating a broad 1.0730-1.0950 range in the next weeks. Key Quotes 24-hour view: “We highlig

<p>Asian stocks edged higher as the market started to price-in a global recovery and more countries reopen their economies. In China, the A50 index rose by 95 basis points while the Hang Seng jumped by more than 2%. In Australia and Japan, the ASX 200 and the Nikkei rose by 1.20% and 1.60% respectively. Still, […]

<p>Market movers today Focus this week continues to be on the reopening of economies in the US and Europe and how it affects the development in the virus numbers. There are no big movers today on the global agenda but later this week we will have US data on retail sales and Chinese numbers on […]

<p>General Trend: New virus outbreaks hurt efforts to reopen the global economy; notes new infections in South Korea, Germany and China – FT US President Trump may comment on China and trade this week [Reminder from May 6th: Pres Trump said: China may or may not keep the trade deal; next week we can report […]

<p>For the 24 hours to 23:00 GMT, the EUR slightly declined against the USD and closed at 1.0836 on Friday. On the macro front, Germany’s seasonally adjusted industrial production slumped 9.2% on a monthly basis in March, hitting its worst decline since the time series began in January 1991 and compared to a rise of […]

<p>For the 24 hours to 23:00 GMT, the GBP declined 4.78% against the USD and closed at 1.2405 on Friday. On the data front, UK&#8217;s Halifax house prices dropped 0.6% on a monthly basis in April, as activities in the real estate market came to a halt after government announced lockdown and compared to a […]

<p>For the 24 hours to 23:00 GMT, the USD declined 3.11% against the JPY and closed at 106.72 on Friday. In the Asian session, at GMT0300, the pair is trading at 106.79, with the USD trading 0.07% higher against the JPY from Friday’s close. Overnight data showed that Japan’s Jibun Bank services PMI dropped to […]

<p>For the 24 hours to 23:00 GMT, the USD rose 0.77% against the CHF and closed at 0.9712 on Friday. On the macro front, Switzerland&#8217;s seasonally adjusted unemployment rate rose to 3.3% in April, in line with market expectations. In the previous month, the unemployment rate stood at 2.9%. In the Asian session, at GMT0300, […]

<p>For the 24 hours to 23:00 GMT, the USD rose 6.79% against the CAD and closed at 1.3928 on Friday. On the data front, Canada’s seasonally adjusted Ivey Purchasing Managers’ Index dropped to 22.8 in April, more than market expectations for a drop to a level of 25.0 and compared to a reading of 26.0 […]

<p>For the 24 hours to 23:00 GMT, the AUD declined 5.40% against the USD and closed at 0.6531 on Friday. The Reserve Bank of Australia (RBA), in its monetary policy statement, The Reserve Bank of Australia (RBA), in its latest monetary policy statement, reiterated that it would not increase the cash rate unless progress is […]