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Asian Markets Continue to Trade Lower, Gold Hovers Around $1280 Major Asian indices are trading on a lower note on Thursday after US reported lower than expected ADP job data. US ADP employment change fell to 156,000 m/m vs 194,000 jobs m/m previous release...

FxWirePro: Aussie Buoyed by Upbeat Data Flow, AUD/USD Edges Higher from 38.2% Fib Support Aussie spiked after the Australian macro releases outpaced expectations. Australia's March retail sales came at 0.4% m/m vs 0...

FxWirePro: USD/SGD Fails to Break Key Resistance at 1.3628, Good to Sell on Rallies USD/SGD is currently trading around 1.3558 marks. It made intraday high at 1.3594 and low at 1.3553 levels. Intraday bias remains bearish till the time pair holds initial resistance level at 1.3628...

Forex Preview: Canada's Jobs Report (Apr) How y’all doing, forex friends? Canada will be releasing its jobs report this Friday (May 6, 12:30 pm GMT), so if you’re looking to grab some quick pips from Loonie pairs before calling it a week, then this event is your best bet...

USD/JPY Deflates from 107.20 Amid Negative Equities The USD/JPY pair fades a spike from daily tops and now reverts to 107 handle, as subdued trading on the Asian equities provides respite to the JPY bulls somewhat. USD/JPY well above 5-DMA at 106...

FxWirePro: Aussie Gains Against Major Peers on the Back of Higher Than expected Retail Sales Data AUD/NZD is trading around 1.0872 marks. Pair made intraday high at 1.0875 and low at 1.0827 marks. Today Australia released retails sales data with positive numbers at 0.4% m/m vs 0...

Asian Stocks Trade Subdued, Fall for 7th Day in a Row The stocks on the Asian bourses traded largely subdued this Thursday, extending losses for the seventh consecutive session and marking the longest losing-streak of the year...

Turkish Lira Sold-off on Turkish PM Resignation USD/TRY is on a tear, having made a trend high of 2.98 before consolidating just above 2.95, following news that Turkish Prime Minister Ahmet Davutoglu is set to step down after disagreements with President Erdogan...

Aussie Retail Sales Preview - What to Expect in AUD/USD? AUD/USD is headed for a second weekly bearish close with yet further intra-session selling with the greenback advancing across the board...

Oil Climbs 2% in Asia Amid Supply Disruption Fears Oil benchmarks on both sides of Atlantic reversed losses seen earlier this week and rebounded higher, now extending gains into a second day today on the back of rising concerns supply disruptions from Canada and Libya...

AUD/NZD Jumps to Test Hourly 100-SMA on Aus Data The Australian dollar spiked higher versus its OZ neighbour in the Asian morning hours, sending AUD/NZD sharply higher towards 1.09 handle on the release of Aus and China macro data. AUD/NZD extends recovery from 1...

AUD/USD: Bulls Rescued by Upbeat Aus Dataflow, Nears 0.75 The AUD/USD pair ran through fresh bid and jumped near about 40-pips in a knee-jerk upward spike after the Australian macro releases outpaced expectations. AUD/USD eyes 0.7500 Currently, the AUD/USD pair advances 0.40% to 0...

China Caixin Services PMI: Growth Softens Slightly in April China Caixin April services PMI came at 51.8 vs 52.6 expected and 52.2 last, which represents a second consecutive month of expansion. Meanwhile, the composite reading stood at 50.8, down from 51.3...

Australia's March Retail Sales Solid, Trade Balance Deficit Shrinks Australia's March retail sales came at 0.4% m/m vs 0.3% expected and 0% last, while the trade balance printed -2,163M vs -2,900M expected and -3,410M last. KEY POINTS Retail sales - current prices The trend estimate rose 0...

USD/JPY: Bulls Fighting Back for 107 Handle Its been a vacant week in Tokyo with national holidays, but that has not meant USD/JPY was out on holiday, far from it...

Nonfarm Payrolls - "Fuhgeddabouit" ! It is that time again - Nonfarm Payrolls. However, I really do not understand the Fed's nor the market's thinking. I am now ignoring the jobs data nor will I use it as a benchmark on the economy, no matter how much emphasis the Fed put on it...

Commodities: Mixed/Bearish Price Action - ANZ Analysts at ANZ noted the action in the commodities sector. Key Quotes: "Precious metals were lower. A slightly stronger USD saw gold edge lower, although investor interest remains strong...