forex news

The European currency shows moderate growth against the US dollar during the Asian session, developing a "bullish" signal formed the day before, when the instrument retreated from its March 7 local lows. The growth of buying activity in the single currency is facilitated by technical factors...

U.S. FUTURES LOWER AS EARNINGS FLOW U.S. stocks are set to edge lower at the open Tuesday, with investors turning cautious as the earnings season kicks into high gear ahead of a Federal Reserve meeting while uncertainty still exists over new fiscal stimulus. S&P 500 Futures were trading 12.80...

Adding to his earlier comments on the European Central Bank's (ECB) monetary policy decisions, ECB chief economist Philip Lane argued that it was natural for the debate over the policy measures to take place within the Governing Council. "Future Governing Councils can revisit this policy...

Standard Chartered analysts notes that China’s growth slowed across the board in August, failing market expectations of a recovery after a disappointing July. Key Quotes “Industrial production (IP) growth decelerated further to 4.4% y/y in August, averaging only 4.6% in the first two months of...

Major equity indexes in the United States started the week in the negative territory as heightened tensions in the Middle East following attacks on Saudi Arabia's oil facilities and concerns over the potential negative impact of rising crude oil prices on the global economic growth weighed on...

While speaking to reporters following his meeting with Luxembourg's Prime Minister Xavier Bettel, British Prime Minister Boris Johnson said that there was a "good shape" of a Brexit deal and added that they have agreed to accelerate the "work ." "If we cannot do a deal then we come out on...

Following his meeting with European Commission President Juncker, British Prime Minister Boris Johnson's office released a statement noting that leaders had a constructive meeting and that they agreed that discussions needed to intensify. "The Prime Minister reconfirmed his commitment to the...

Nordea Markets analysts suggest that while most “vanilla headlines” will center around the expected Fed cut next week (Wednesday), they will be particularly keen to look for clues from the Fed on USD liquidity. Key Quotes “We expect a 25bp cut and a signal of another cut to come before year-end...

Han de Jong, chief economist at ABN AMRO, points out that the US headline inflation, on the CPI measure, eased from 1.8% yoy in July to 1.7% in August and was largely thanks to the easing of energy prices. Key Quotes “The core-CPI measure amounted to 2.4% yoy, up from 2.2% in July, the third...

Robert Hogue, senior economist at Royal Bank of Canada, notes that Canada’s debt-to-income ratio has dipped marginally to 177% in Q2 as debt service ratio matches all-time high of 14.9%, with back-to-back asset gains propelling net worth to new heights. Key Quotes “The national balance sheet...

In an interview with German magazine Bild, European Central Bank (ECB) Governing Council member and Bundesbank President, Jens Weidmann, said that the ECB went beyond its goals at this week's policy meeting and added that the situation in the eurozone was not "really bad." "Such a far-reaching...

Data released today showed retail sales rose 0.4% during August. A better than expected August retail sales report shows core consumer spending is on pace to deliver another boost to GDP growth in the third quarter according to analysts at Wells Fargo. They warn that a pumpkin smashing mood...

Previewing next week's key Federal Open Market Committee (FOMC) meeting, "We expect the Fed to cut the target range for the federal funds rate by 25 bps on September 18," said Rabobank analysts. Key quotes "Repeating his mantra that the FOMC ‘will act as appropriate to sustain the expansion,’...

Next week, the Brexit drama will continue and on Tuesday will be the hearing on whether the prorogation of the Parliament was unlawful. Later on Thursday the Bank of England will announce its decisions on monetary policy. According to analysts from Danske Bank, the Supreme Court ruling will not...

Previewing next week's macroeconomic data releases from Canada, TD Securities analysts said that they were expecting the headline inflation to edge lower to 1.7% annually as weaker gasoline prices are likely to cause a 0.3% monthly decline. Key quotes "Airfares will add another source of...

Further comments are out on the wires from the European Central Bank (ECB) new Governing Council member Robert Holzmann. It crossed my mind that the policy decision was a mistake. Lagarde isn't "locked" by the current policy. EUR/USD remains unperturbed by the above comments, holding firmer...

Danske Bank analysts note that at the meeting yesterday, the ECB announced a tiering system for reserve remuneration (starting 30 October 2019) to support the bank-based transmission of monetary policy. Key Quotes “The system allows banks to place a multiple of their minimum reserve...

After today’s Board meeting, the European Central Bank (ECB) announced a package of easing measures: rate cut, asset purchases, tiering system and easier conditions for the TLTRO program. According to analysts at Wells Fargo, the announcement was more dovish than what they had expected, and now...

Commenting on the European Central Bank's (ECB) policy announcements today, TD Securities analysts said that a 10 basis points rate cut and €20 billion per month quantitative easing (QE) was hawkish on the surface but noted that the ECB's monetary policy was now linked explicitly to the...

Following the meeting with the Japanese PM Abe, the Bank of Japan (BOJ) Governor Kuroda is on the wires now, noting the following: "Did not discuss with PM Abe negative interest rates. Exchanged views on economy and financial markets with PM Abe. PM Abe did not comment on monetary policy...