Political drama in Europe and weak trends in many emerging market currencies are keeping the dollar bid. We doubt that this environment will change anytime soon, although we would look out for today's US JOLTS job opening data (16CET) as the main threat to the dollar today, ING’s FX analysts Chris T

The Euro (EUR) continued to trade near recent lows amid political uncertainties in Europe. Pair was last at 1.0522 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note. Daily momentum turns flat “No-confidence vote may come as early as Wed after PM Barnier used rare constitutional pow

The Euro (EUR) is unlikely to weaken further; it is more likely to trade in a 1.0470/1.0540 range. In the longer run, instead of a rebound, EUR is expected to trade in a range for now, most likely between 1.0430 and 1.0580, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note. EUR is expected

Silver price climbs to around $30.90 in Tuesday’s early European session, up 1.24% on the day.  Silver crosses above the 100-day EMA, but further consolidation cannot be ruled out with the neutral RSI indicator.  The first upside barrier is located at $31.68; the initial support level is s

EUR/USD trades in negative territory for the second consecutive day near 1.0490 in Tuesday's early European session. Growing concerns about a possible government collapse in France undermine the Euro. US Manufacturing PMI came in stronger than expected in November.  The EUR/USD pair&n

The US Dollar looks to build on the overnight recovery from a multi-month low amid bets that the Federal Reserve will keep interest rates high for a longer period and undermine the Gold price. Investors remain concerned that US President-elect Donald Trump's tariff plans could trigger a second wave

GBP/USD struggles to lure buyers on weaker UK retail sales and a modest USD uptick. Expectations that the Fed will keep rates higher for a longer period underpin the buck. Reduced bets for another BoE rate cut in December help limit the downside for the pair. The GBP/USD pair remains on the defensiv

Gold price lacks a firm direction and is influenced by a combination of diverging forces. Bets for a less dovish Fed underpin the USD and act as a headwind for the XAU/USD. Trade war fears, geopolitical risks and depressed US bond yields lend some support. Gold price (XAU/USD) struggles to capitaliz

The HSBC India Manufacturing Purchasing Managers Index (PMI) declined to 56.5 in November from 57.5 in October. This figure was below the market consensus of 57.3.  "India recorded a 56.5 manufacturing PMI in November, down slightly from the prior month, but still firmly within expansionar

The Indian Rupee extends its downside in Tuesday's Asian session.  Trump's tariff threat, foreign fund outflows, and a stronger USD weigh on the INR.  The US October JOLTs Job Openings will be released on Tuesday. The Indian Rupee (INR) remains under pressure on Tuesday after depreciating

Tokyo November Consumer Price Index (CPI) released last week suggested that the underlying inflation is gaining momentum and lifted expectations for a December rate hike by the Bank of Japan.  BoJ Governor Kazuo Ueda said on Saturday that the central bank will adjust the degree of monetary easi

WTI consolidates its recent losses to a two-week low amid mixed cues. Easing supply disruption worries and a stronger USD act as a headwind. Traders seem reluctant ahead of OPEC meeting on Thursday and US data. West Texas Intermediate (WTI) US Crude Oil prices struggle to gain any meaningful tractio

The Japanese Yen attracts some sellers on Tuesday, though it lacks follow-through.Rising bets for another BoJ rate hike in December help limit the downside for the JPY.Geopolitical risks, Trump’s tariff threats and suppressed US bond yields favor JPY bulls.  The Japanese Yen (JPY) edges lower a

Australia’s Retail Sales climbed by 0.6% MoM in October, compared to a rise of 0.1% in September, according to the Australian Bureau of Statistics (ABS) on Monday. The reading was above the estimations of a 0.3% growth.  The US ISM Manufacturing PMI rose to 48.4 in November versus 46.5 in prior

NZD/USD attracts some sellers to near 0.5880 in Tuesday's Asian session.  US ISM Manufacturing PMI climbed to 48.4 in November vs. 47.5 expected. Trump's tariff threats continue to undermine the Kiwi.  The NZD/USD pair loses traction to around 0.5880 on Tuesday during the Asian trading hou