Economic confidence from euro area and mortgage approvals data from the UK are due on Tuesday, headlining a busy day for the European economic news. At 2.45 am ET, the statistical office Insee publishes France's monthly consumer confidence survey data for September. The consumer sentiment index is f

The Japanese yen fell against its major counterparts in the Asian session on Tuesday, as most Asian stock markets advanced following the overnight rally in U.S. and on hopes for a coronavirus relief package after House Democrats unveiled a $2.2 trillion plan to extend support to the U.S. economy. Th

Analysts at Citigroup upped their 2021 gold price forecast, citing “we lift the 2021E base case gold price forecast by ~$300/oz, versus our early July update, to a record $2,275/oz.” Key quotes “Maintain our 0-3m point-price target at $2,200/oz and a 6-12m target at $2,400/oz.  Occasional liquidatio

EUR/USD's weekly chart candlestick pattern shows uptrend fatigue.  The previous week's low is the level to defend for the bulls.  EUR/USD's two weeks of indecisive price action may presage a short-term bearish reversal.  The pair formed a second consecutive Doji candle on the weekly chart during th

Daily Pivots: (S1) 1.1837; (P) 1.1879; (R1) 1.1946; EUR/USD is still staying below 1.1965 resistance despite today’s rebound. Intraday bias remains neutral first. Further rise is in favor with 1.1711 support intact. Firm break of 1.1965 will resume larger rise from 1.0635. On the downside, though, b

The Singapore stock market om Friday snapped the two-day slide in which it had stumbled almost 40 points or 1.6 percent. The Straits Times Index now rests just shy of the 2,540-point plateau and it may add to its winnings on Monday. The global forecast for the Asian markets suggests mild upside on o

Reserve Bank of Australia Governor Lowe with a couple of direct comments on the Australian dollar Would like it be lower cannot say it is overvalued no surprise the AUD is where it is, he does not have the tools to get it lower

Bank of Japan Governor Haruhiko Kuroda said the central bank may consider extending a March 2021 deadline for lending facilities aimed at channelling funds to companies hit by the coronavirus pandemic, the Yomiuri newspaper reported on Tuesday. Retures reports on the matter and explains that in the

Photo: SEC The US Securities and Exchange Commission (SEC) is considering to initiate an investigation on the transactions made on Binance Chain, the proprietary blockchain of the identically-named cryptocurrency exchange. In a memo published on Wednesday, the market regulator is planning to offe