<p>US factory orders dropped -10.3% mom to USD 445.8 billion in March, worse than expectation of -9.5% mom. Shipments, down three consecutive months, decreased USD 26.2 billion or 5.2% to USD 473.6 billion. Unfilled orders, down following three consecutive monthly increases, decreased USD 23.6 billion or 2.0% to USD 1,134.9 billion. The unfil
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RBA to Keep Policy Unchanged But Forecasts May Rattle Aussie
<p>The Reserve Bank of Australia will announce its latest policy decision on Tuesday (4:30 GMT) and is not anticipated to make any changes to the cash rate or its quantitative easing (QE) program. But as one of the newest members to the QE club, the RBA may also be the first to exit its emergency […]
Denmark Currency Reserves: 450.9B (April) vs 372.1B
Denmark Currency Reserves: 450.9B (April) vs 372.1B
EUR/GBP Price Analysis: Euro losing steam vs. pound, trades sub-0.8800 level
EUR/GBP is trading within familiar ranges as the market is trading below the 0.8800 level and the 200 SMA on the four-hour chart. EUR/GBP is currently capped b
BoE Preview: A highly volatile event
The Bank of England (BoE) will announce its rate decision on Thursday at 6:00 GMT. GBP/USD volatility is set to rise, especially as it is unclear what
USD/CHF Price Analysis: Gains traction beyond mid-0.9600s, fresh session tops
The USD/CHF pair maintained its bid tone through the early North-American session and was last seen trading near the top end of its daily trading rang
South Korea: Inflation fizzling out – ANZ
South Korea CPI recorded a significantly large month-on-month decline in April, economists at ANZ Bank apprise. USD/KRW is trading at 1,225.25. Key qu
WTI climbs to 3-week highs near $23.00/bbl
Prices of the barrel of the West Texas Intermediate are prolonging the upbeat momentum at the beginning of the week beyond the $22.00 mark, advancing
NZD/USD Price Analysis: Remains vulnerable below 50-day SMA pivotal support
The NZD/USD pair edged lower for the third consecutive session and extended last week's rejection slide from a resistance marked by the top end of ove
United States Factory Orders (MoM) registered at -10.3%, below expectations (-9.7%) in March
United States Factory Orders (MoM) registered at -10.3%, below expectations (-9.7%) in March