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Forex
EUR/USD retreats from highs amid doubts about French government
EUR/USD has returned below 1.1600 in the early European session on Monday and is trading at 1.1590 at the time of writing. Investors' concern about the consequences of a trade war…
Glimmer of hope on the labour market – Commerzbank
The Canadian labour market figures for September, published on Friday, came as a pleasant surprise. Instead of the expected 5,000 jobs, the Canadian economy created more than…
Dow Jones futures gains due to increased Fed rate cut bets, easing US-China trade concerns
Dow Jones futures climb 1.12% to trade above 46,200 during European hours on Monday, ahead of the opening of the United States (US) regular session. The S&P 500 futures gain…
Canadian Dollar strengthens to near 1.4000 as job data reduces BoC rate cut bets
The USD/CAD pair loses ground near 1.4000 during the early European session on Monday. The Canadian Dollar (CAD) edges higher against the US Dollar (USD) as the upbeat Canadian…
EUR/GBP holds positive ground above 0.8700 as France’s Macron unveils new government
The EUR/GBP cross trades with mild gains near 0.8705 during the early European session on Monday. The Pound Sterling (GBP) weakens against the Euro (EUR) amid concerns over…
EUR/JPY holds gains near 176.50 due to weakening safe-haven demand
EUR/JPY recovers its losses registered in the previous session, trading around 176.50 during the Asian hours on Monday. The currency cross appreciates as the Japanese Yen (JPY)…
Japanese Yen struggles amid political uncertainty and risk-on mood
The Japanese Yen (JPY) maintains its offered tone through the Asian session on Monday amid domestic political uncertainty. This, along with the US President Donald Trump's pivot on…
Surplus narrows in September despite solid Exports
China's Trade Balance for September, in Chinese Yuan (CNY) terms, arrived at CNY645.47 billion, narrowing from the previous figure of CNY732.7 billion.Exports rose 8.4% YoY in…
AUD/USD rises toward 0.6550 ahead of China’s Trade Balance data
AUD/USD advances after registering around 1.25% losses in the previous session, trading around 0.6530 during the Asian hours on Monday. The pair lost ground due to renewed trade…
PBOC sets USD/CNY reference rate at 7.1007 vs. 7.1048 previous
On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1007 compared to Friday's fix of 7.1048 and 7.1210 Reuters estimate.…