Current news is English only but we will be adding multilingual news - check back soon.
European indices keep more mixed at the open to start the day
European indices keep more mixed at the open to start the day
The risk mood remains more tentative after the selling yesterday
FX option expiries for 23 October 10am New York cut
FX option expiries for 23 October 10am New York cut
A look at what is on the board for today
Options
Forex
Eurostoxx futures +0.1% in early European trading
Eurostoxx futures +0.1% in early European trading
Light changes slated for the open today after the selling from yesterday
Is Tesla stock a buy? Maybe after it will correct 26%
Is Tesla stock a buy? Maybe after it will correct 26%
Tesla reached $417.24 after its earnings last night but might go all the way to $360
Stock Picks
Stock Earnings
Stocks
AUD/JPY Price Forecast: Extends the rally, first upside barrier emerges near 99.50
AUD/JPY Price Forecast: Extends the rally, first upside barrier emerges near 99.50
The AUD/JPY cross trades in positive territory for the fifth consecutive day near 98.85 during the early European session on Thursday.
AUDJPY
Crosses
Technical Analysis
NZD/USD Price Forecast: Stuck in narrow range, waiting for catalyst
NZD/USD Price Forecast: Stuck in narrow range, waiting for catalyst
The NZD/USD consolidates within the 0.5700-0.5760 for the second straight day, as the 20-day Simple Moving Average (SMA) at 0.5764 capped the pair’s advance towards the 0.58 figure. At the time of writing, the pair trades at 0.5739, virtually unchanged.
NZDUSD
Technical Analysis
Currencies
Majors
Tesla shares drop 5.6% after earnings
Tesla shares drop 5.6% after earnings
The company misses on earnings and warns on short-term pressure and competition in energy storage
Stock Earnings
EUR/USD steady around 1.1600 as markets wait for US CPI
EUR/USD steady around 1.1600 as markets wait for US CPI
EUR/USD holds firm near the 1.1600 figure on Wednesday amid a scarce economic docket in both sides of the Atlantic as market participants await a delayed US Consumer Price Index (CPI) report, to be released on Friday.
EURUSD
Majors
Macroeconomics
Currencies
Technical Analysis
WTI gains traction amid surprise US inventory draw and weaker US Dollar
WTI gains traction amid surprise US inventory draw and weaker US Dollar
West Texas Intermediate (WTI) Crude Oil edges higher on Wednesday, extending gains for the second consecutive session as traders react to a surprise draw in US inventories.
WTI
Oil
Technical Analysis
SupportResistance
Gold extends losses ahead of key US inflation report
Gold extends losses ahead of key US inflation report
Gold price slides over 1.50% on Wednesday after plummeting more than 5% on Tuesday in its biggest daily loss in five years as traders brace for the release of the latest inflation report in the United States (US). At the time of writing, XAU/USD trades at $4,050 after reaching a high of $4,161.
Gold
XAUUSD
Technical Analysis
Fundamental Analysis
SEO
ECB's Kazaks: It may be the case that the next rate move could easily be a hike as a cut
ECB's Kazaks: It may be the case that the next rate move could easily be a hike as a cut
ECB Kazaks speaking. The EURUSD has erased the earlier declines for the day. What next technically?
EUR/USD Price Forecast: Euro finds footing as US Dollar slips from one-week highs
EUR/USD Price Forecast: Euro finds footing as US Dollar slips from one-week highs
The Euro (EUR) edges higher against the US Dollar (USD) on Wednesday, snapping a three-day losing streak as the Greenback loses momentum. At the time of writing, EUR/USD is trading around 1.1611, bouncing off the intraday low near 1.1576.
EURUSD
DollarIndex
Technical Analysis
SupportResistance
GBP/USD steady near 1.3360 post soft UK CPI
GBP/USD steady near 1.3360 post soft UK CPI
GBP/USD holds firm during the North American session on Wednesday following the latest inflation report in the United Kingdom, which triggered some weakness in the Pound Sterling (GBP), as expectations for further easing by the Bank of England (BoE) increased.
GBPUSD
Majors
Currencies
Technical Analysis
Fundamental Analysis
USDCAD Technicals: The USDCAD is trading to new lows as sellers react to 100/200 hour MAs
USDCAD Technicals: The USDCAD is trading to new lows as sellers react to 100/200 hour MAs
The high price reached the 100/200 hour MAs and found willing sellers. Oil prices are moving higher which is a positive for the CAD/negative for the USDCAD.
USDCHF Technicals:The USDCHF is extending to new highs and approaching the next key target
USDCHF Technicals:The USDCHF is extending to new highs and approaching the next key target
The 200 hour MA for the USDCHF is being approached at 0.79739. Move above is needed to increase the bullish bias.
It is a mixed start for the USD to start the NA session. What key levels are in play now?
It is a mixed start for the USD to start the NA session. What key levels are in play now?
The GBP is the weakest of the major currencies after tamer CPI inflation data. The JPY is modestly higher vs the greenback to start the North American session
EUR/USD extends loses with ECB's Lagarde, Fed speakers on focus
EUR/USD extends loses with ECB's Lagarde, Fed speakers on focus
EUR/USD has retraced previous gains on Wednesday, to extend its decline to one-week lows below 1.1600, trading at 1.1586 at the time of writing.
EURUSD
Majors
Macroeconomics
Technical Analysis
SEO
Gold steadies above $4,000 as US Dollar loses momentum
Gold steadies above $4,000 as US Dollar loses momentum
Gold (XAU/USD) is attempting to stabilize on Wednesday after a brutal selloff from record highs the previous day, finding some support as the US Dollar (USD) softens. At the time of writing, XAU/USD is trading around $4,040, down over 1.50% after briefly dipping to $4,004 earlier in the day.
Gold
SEO
Technical Analysis
XAUUSD
Momentum
Nasdaq Technical Analysis: De-escalation keeps the bulls in charge
Nasdaq Technical Analysis: De-escalation keeps the bulls in charge
The Nasdaq rallies back to the all-time high as traders keep betting on de-escalation between US and China. Key risks ahead include the US CPI on Friday and the APEC Summit next week.
Nasdaq Technical Analysis
EUR/GBP Price Forecasts: Returns above 0.8700 as the Pound dives
EUR/GBP Price Forecasts: Returns above 0.8700 as the Pound dives
The Euro jumped to intra-week highs above 0.8700 earlier on Wednesday, buoyed by the Pound's weakness following softer-than-expected UK inflation data.
EURGBP
Technical Analysis
Crosses
Currencies
USD leads G10 monthly performance – Rabobank
USD leads G10 monthly performance – Rabobank
The US Dollar (USD) is currently the best performing G10 currency both on a one-month view and in the month to date, Rabobank's FX analyst Jane Foley reports.
Banks
DollarIndex
Technical Analysis
EURUSD
USD/CNH: Likely to trade between 7.1180 and 7.1310 – UOB Group
USD/CNH: Likely to trade between 7.1180 and 7.1310 – UOB Group
US Dollar (USD) is likely to trade between 7.1180 and 7.1310. In the longer run, USD could drop to 7.1130; a clear break below this level will shift the focus to 7.1000, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
USD/JPY to test 152.25 before the risk of a pullback increase – UOB Group
USD/JPY to test 152.25 before the risk of a pullback increase – UOB Group
There is scope for US Dollar (USD) to test 152.25 before the risk of a pullback increases. In the longer run, outlook is mixed; USD could trade between 150.00 and 153.00 for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
NZD/USD: Likely to trade in a range of 0.5720/0.5760 – UOB Group
NZD/USD: Likely to trade in a range of 0.5720/0.5760 – UOB Group
New Zealand Dollar (NZD) is likely to trade in a range of 0.5720/0.5760. In the longer run, the outlook for NZD is neutral now, and it is likely to trade in a range between 0.5685 and 0.5770, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZDUSD
Technical Analysis
Banks
AUD/USD: Likely to trade in a range between 0.6470 and 0.651 – UOB Group
AUD/USD: Likely to trade in a range between 0.6470 and 0.651 – UOB Group
Australian Dollar (AUD) is likely to trade in a range between 0.6470 and 0.6515. In the longer run, for the time being, AUD is expected to trade in a sideways range of 0.6445/0.6555, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Banks
Technical Analysis
GBP/USD: Likely to edge lower within a lower range of 1.3310/1.343 – UOB Group
GBP/USD: Likely to edge lower within a lower range of 1.3310/1.343 – UOB Group
Pound Sterling (GBP) is likely to edge lower within a lower range of 1.3310/1.3435, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBPUSD
Technical Analysis
Banks
Gold Price Forecast: XAU/USD support at $4,000 remains dangerously close
Gold Price Forecast: XAU/USD support at $4,000 remains dangerously close
Gold bounced up after reaching the target of a Double Top pattern, at $4,005 on Tuesday, but upside attempts have been halted way below previous support, at $4,185, which leaves the immediate bearish trend intact and the $4,000 support area at a short distance.The announcement that US President Trum
Gold
XAUUSD
Metals
Commodities
Technical Analysis
EUR/USD: Downward momentum is building – UOB Group
EUR/USD: Downward momentum is building – UOB Group
Euro (EUR) could test 1.1580; a sustained drop below this level is unlikely. In the longer run, downward momentum is building; EUR is likely to trade with a downward bias, potentially retesting the 1.1540 level, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
EURUSD
Banks
Momentum
HUF: The shine is fading – ING
HUF: The shine is fading – ING
The National Bank of Hungary, as expected, left rates at 6.50%. Forward guidance remained hawkish and changed only in details.
Banks
Hungary
EURHUF
Technical Analysis
Poland
USD: Further strength not so simple to sustain – ING
USD: Further strength not so simple to sustain – ING
The US Dollar (USD) has continued to strengthen this week, as US credit market concerns appear to have now entirely left the FX market. The very large gold correction yesterday potentially added some support to the greenback, ING's FX analyst Francesco Pesole notes.
DollarIndex
Banks
Technical Analysis
Fed
GBP: Dovish inflation print – ING
GBP: Dovish inflation print – ING
The September UK inflation reading released this morning is sending a dovish signal to the Bank of England and weighing on the pound.
GBPUSD
Banks
Technical Analysis
S&P 500 Technical Analysis: Key risks ahead include the US CPI and the APEC Summit
S&P 500 Technical Analysis: Key risks ahead include the US CPI and the APEC Summit
The S&P 500 recovered all the losses on the "de-escalation trade" with the focus now turning to the US CPI and the APEC Summit next week
S&P Futures Technical Analysis
EUR: Mixed signals on Ukraine – ING
EUR: Mixed signals on Ukraine – ING
EUR/USD is testing the 1.160 support, but as discussed above, we aren’t very confident the dollar can rally much further from here without data inputs, ING's FX analyst Francesco Pesole notes.
EURUSD
Banks
Technical Analysis
EUR/JPY Price Forecast: Targets 176.00 support near nine-day EMA
EUR/JPY Price Forecast: Targets 176.00 support near nine-day EMA
EUR/JPY dips slightly after posting strong gains in the previous session, trading around 176.10 during the European hours on Wednesday. The technical analysis of the daily chart indicates a prevailing bullish bias as the currency cross remains within the ascending channel pattern.
EURJPY
Crosses
Technical Analysis
European indices open lower to start the session
European indices open lower to start the session
The risk mood remains more tentative so far this week
AUD/JPY Price Forecast: Retains positive bias above 98.50 amid fiscal expansion bets
AUD/JPY Price Forecast: Retains positive bias above 98.50 amid fiscal expansion bets
The AUD/JPY cross extends its upside to around 98.80 during the early European session on Wednesday.
AUDJPY
Technical Analysis
Crosses
Broker Rebates