China reports 10 new coronavirus cases in Mainland as of end-April 22 vs 30 a day earlier
Fundamental Forex Analysis

Retail Sales, Industrial Production disappoint – Aussie keeps losses

China’s May Retail Sales YoY, the number arrived at -2.8% vs. -2.0% exp and -7.5% last, with Industrial Output YoY at +4.4% and +5.0% exp and +3.9% last.  The sales fell for four straight months as shops, resta...

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Fundamental Forex Analysis

USD/JPY trades with modest losses, just below mid-109.00s

A subdued USD demand failed to assist USD/JPY to capitalize on Friday’s positive move. The upbeat market mood undermined the safe-haven JPY and helped limit deeper losses. The USD/JPY pair edged lower on the f...

AUD/USD ?? ????? ????? ?? ????????? – UOB Group
Forex News

AUDUSD extends losses to test one-week lows at 0.6400

AUD/USD reversal from 0.6560 extends to test one-week lows at 0.6400. Australian dollar falters with against a firmer USD on a risk-averse market. Aussie’s near-term target is 0.6000 – Danske Bank. The A...

Rupiah’s recovery mode intact even as Indonesia’s Q1 GDP contracts 2.41%
Fundamental Forex Analysis

Indonesian rupiah trims losses despite awful Indonesian Trade data

According to the latest trade data published by the Indonesian Statistics Bureau, the country posted a bigger-than-expected trade deficit in April. Indonesia reported a trade surplus of $-0.35 billion vs. $0.74...

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

Australian Treasurer Frydenberg: Job losses are heart-breaking

“Job losses are heart-breaking”, said Australian Treasurer Josh Frydenberg while speaking at a news briefing alongside PM Scott Morrison. More comments “Lifting restrictions gradually will help get people back ...

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Forex News

NZD/USD extends losses as RBNZ’s Orr says RBNZ is ready to do whatever it takes

NZD/USD’s sell-off continues after RBNZ governor Orr’s “whatever it takes” comment.  The Kiwi has dropped to the 50-day average support.  RBNZ has asked banks to prepare for negative rat...

USD/JPY: ???? ???? ??????? 109.00
Forex News

USD/JPY retraces losses above 107.00 as trade/virus fears loom

USD/JPY defies the previous day’s pullback from the three-week top. Markets remain risk-averse amid fears of another wave of the virus outbreak, trade war. BOJ officials cited fears of the coronavirus, showed r...

??????? ??? 1.3300 ? ????? ?? CPI ??????
Forex News

USD/CAD extends losses sub-1.4000, approaching 1.3900

USD/CAD extends losses below 1.4000 and hits session lows near 1.3900. Better than expected Canadian employment data and higher oil prices supporting CAD.  FX analysts at TD Securities see the USD/CAD vulnerabl...

USD/JPY ???????????? ?????? 108.70
Forex News

USD/JPY consolidates losses below 107.00, Japan’s off limits the moves

USD/JPY snaps two-day drop amid mixed sentiment. US President Trump’s blame-game failed to get verification, virus antibody adds strength to risk reset. Japanese banks are off for Children’s Day. Followi...

Eurozone May Sentix Investor Confidence misses estimates with -41.8, EUR/USD keeps losses
Fundamental Forex Analysis

Eurozone May Sentix Investor Confidence misses estimates with -41.8, EUR/USD keeps losses

Investor confidence in the Eurozone deteriorated more-than-expected in May, as the easing of the coronavirus led lockdown measures across Europe failed to lift the sentiment, the latest data published by the Se...