The release of US drilling data should show the extent of the slowdown in the US shale oil industry, according to strategists at ANZ Bank. Key quotes
Blogs
USD/JPY in search of a firm near-term direction, stuck in a range above mid-107.00s
The USD/JPY pair extended its sideways consolidative price action and remained confined in a narrow trading band, just above mid-107.00s. The pair has
AUD/USD seen within the 0.6250-0.6450 range – UOB
In opinion of FX Strategists at UOB Group, AUD/USD is expected to trade within a consolidative fashion between 0.6250 and 0.6450 in the short-term hor
EUR/USD: Break below 1.0770 is proved
The EUR/USD pair dropped below 1.0770, the precious April low, and this break is now confirmed as Friday's technical picture is showing bears are in t
USD/SGD: Ranged between 1.4220 to 1.4290 – OCBC
The SGD NEER stands at +0.05% above the perceived parity (1.4255), Terence Wu from OCBC Bank analyzes the USD/SGD outlook. Key quotes “The SGD NEER ma
AUD/USD: Energy price rout threatens the Aussie stability – Westpac
The Aussie is still tracking global equity sentiment and confidence in emerging markets but the Energy price rout is threatening the relative stabilit
EU's Breton: EU heading towards economic contraction of 7.5% this year due to coronavirus outbreak
The European Union (EU) is heading towards an economic contraction of 7.5% this year due to the coronavirus outbreak, the bloc’s Industry Chief Thierr
JPY Futures: Further consolidation on the cards
According to preliminary figures for JPY futures markets from CME Group, open interest increased for the sixth consecutive session on Thursday. In the
Precious Metals: Falling auto sales will weigh on demand for platinum and palladium – ANZ
The deluge of weak economic data helped spur buying in precious metals, economists at ANZ Bank inform. Key quotes “Palladium and platinum prices rose
When is the German IFO survey and how it could affect EUR/USD?
The German IFO survey for April is due for release later today at 0900 GMT. The headline IFO Business Climate Index is seen weaker at 80.0 versus 86.1