FX Strategists at UOB Group noted a break above the 7.1700 level in USD/CNH seems to be losing some traction. Key Quotes 24-hour view: “Expectation fo
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GBP/USD: To fail at Fibo resistance – Commerzbank
GBP/USD last week corrected higher and is poised to encounter the 61.8% retracement at 1.2516 and the 200 day ma at 1.2664, per Commerzbank. Key quote
Japan set to issue JPY16 trln in additional government bonds to fund stimulus package – Reuters
Citing sources familiar with the matter, Reuters reports that the Japanese government is likely to unveil 16 trillion yen in additional government bon
Copper Futures: There is still chance of a rebound
CME Group’s flash readings for Copper futures markets noted traders trimmed their open interest positions and volume by around 1.9K contracts and almo
Oil: Prices trending into the teens is not off the table – TDS
Speculators unwound WTI crude long positions, while also taking profits on shorts as the double whammy demand and supply shock continues to pressure t
Norway: NOK very undervalued by now – Nordea
The pressure on the NOK abated during this week. Norges Bank announced a number of measures to calm the markets and the USD swap lines have clearly he
Canada: New easing could send the loonie lower – RBC
That the Canadian dollar has weakened in an environment of significant risk aversion, collapsing energy prices, and general demand for US dollars is u
USD/JPY recovers swiftly from near 2-week lows, retakes 108.00 mark and beyond
The USD/JPY pair climbed to fresh session tops in the last hour, with bulls now looking to extend the momentum further beyond the 108.00 round-figure
ECB’s De Guindos: Will do everything possible to defend the euro
The European Central Bank (ECB) Vice President Luis De Guindos said on Monday, the central bank will do everything possible to defend the euro. Will
Coronavirus update: Germany confirms 66 new deaths, Thailand reports 10% jump in new cases
According to the German disease and epidemic control center, Robert Koch Institute (RKI), the number of confirmed coronavirus cases has risen to 57,29