Will step up support measures
Fundamental Forex Analysis

Surplus – a big beat as imports plunge 16.7%

The China customs published Trade Balance for May in USD terms, reporting a bigger-than-expected increase in the trade surplus amid a sharp plunge in the imports. In USD terms, Trade Balance (USD) came in at +6...

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Fundamental Forex Analysis

China’s Caixin services PMI rises to 44.4 in April, a big miss – Aussie unfazed

China’s Caixin services PMI for April came in 44.4 at vs. 51.0 expected and 43.0 last, which showed that the service sector conditions remain challenging as pandemic weighs on demand. Meanwhile, the Compo...

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Fundamental Forex Analysis

UK Construction PMI plunges to 8.2 in April, a big miss, GBP/USD at multi-day lows

UK construction PMI slumps to 8.2 in April, misses estimates. GBP/USD remains heavy below 1.2400 on the UK data. All eyes on UK lockdown easing, US jobs and BOE. The construction sector activity in the UK pl...

Cautious start to a big week ahead, Oil rout extends, coronavirus, lockdown news eyed
Fundamental Forex Analysis

Cautious start to a big week ahead, Oil rout extends, coronavirus, lockdown news eyed

Starting out a fresh week in Asia this Monday, the market mood remained cautious amid the continued rise in the coronavirus death toll globally while markets assessed the implications of the likely easing of th...

S&P downgrades Australia’s ‘big four’ credit outlook to negative, AUD/USD unfazed
Forex News

S&P downgrades Australia’s ‘big four’ credit outlook to negative, AUD/USD unfazed

Following the outlook downgrade to Australia’s sovereign credit outlook earlier this Wednesday, S&P Global ratings slashed the credit outlook for the country’s big four banks, including the National Austral...

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Fundamental Forex Analysis

German Retail Sales jump 1.2% MoM in Feb, a big beat – EUR/USD stays above 1.10

German Retail Sales jump 1.2% MoM in Feb vs. 0.0% expected. Retail Sales rise 6.4% YoY in Feb vs. +1.5% expected. According to the latest data reported by Germany’s Destatis on Wednesday, the country’s Retail ...

There is a big room for further RRR cuts
Forex News

There is a big room for further RRR cuts

Ma Jun, an external adviser to the People’s Bank of China’s (PBOC) monetary policy committee (MPC), said that the central bank has a relatively big room for further Reserve Requirement Ratio (RRR) cuts an...

USD/JPY sits near session tops, just below mid-108.00s
Forex News

108.00 tested after the three big figures surge, Trump eyed

USD/JPY to the moon amid a sold rebound in risk sentiment. Global central banks’ coronavirus relief drives stocks, yields higher. Trump’s speech on virus to determine the next direction in the spot. The Japa...

UK employers hired more permanent staff for the first time in a year
Fundamental Forex Analysis

UK Construction PMI jumps to 52.6 in February, a big beat

UK construction PMI rises to 52.6 in Feb, beats estimates. GBP/USD keeps recovery mode intact below 1.2800. Coronavirus fears and G7 call in focus for fresh impetus. The construction sector activity in the UK...

Japan Cabinet Office maintains view economy recovering, flags coronavirus as big risk
Fundamental Forex Analysis

Japan Cabinet Office maintains view economy recovering, flags coronavirus as big risk

Japan’s Cabinet Office is out with its latest monthly economic assessment report for February, which showed that the government maintained its view on the economy. Key quotes: The economy was recovering at a m...