US GDP: Loss of Momentum in US Economy - ING James Knightley, analyst at ING Bank explained that the US 1Q16 GDP increased at an annualised 0.5% rate versus the 0.7% consensus expectation. Key Quotes: "The main weakness was non-residential fixed investment, which fell 5.9%, thereby subtracting 0...
WTI Consolidating Around $45.00 Region After closing above $45.00/barrel mark for the first time since early Nov. 2015, WTI crude oil futures seem to digest its gains around $45.00 mark...
Oil Eases-Off 2016 Peaks as Stockpiles Hit Record Highs Oil benchmarks on both sides of Atlantic retreated after a two-day rally to fresh yearly tops as a bigger than expected rise in the US inventories continue to dampen the sentiment around the black gold...
RBNZ OCR Review: Softly, Softly – Westpac Anne Boniface, Senior Economist at Westpac, notes that as expected, the RBNZ left the OCR unchanged at 2.25% at today’s OCR Review...
Gold rose for a third straight session on Wednesday, but pared gains after the U.S. Federal Reserve held interest rates unchanged but left the door ajar to a hike in June. The U.S...
The U.S. dollar erased a brief rally and retraced modest losses against the euro on Wednesday, hitting a nearly one-week low against the currency in the process, after a Federal Reserve statement reinforced expectations for just two interest rate increases this year. The U.S...
BOJ Disappoints, No change in Policy The BOJ has decided to stand put, keeping the policy unchanged, with the interest rate at -0.1...
Pivot Points Daily Last Updated: Apr 28, 2:15 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.11348 1.12256 1.12721 1.13164 1.13629 1.14072 1.1498 USD/JPY 109.932 110.663 111.039 111.394 111.77 112.125 112.856 GBP/USD 1.42459 1.43949 1.4467 1.45439 1.4616 1.46929 1.48419 USD/CHF 0.95646 0.96387 0...
New Zealand Dollar Gains as RBNZ Disappoints Rate Cut Bets Talking Points RBNZ holds main lending rate at 2.25% in April as expected The NZD rallies against its major counterparts Neutral tone likely disappointed future rate cut expectations...
Gold Holding Steady Below $1250 On Wednesday, Gold prices moved higher for third consecutive day as Tuesday weak US economic data reassured investors that the Fed is likely to move slowly in raising interest rates...
Crude Oil Hits Fresh 2016 High On Wednesday, WTI crude oil futures rose to $45.10 mark, hitting its highest level in 2016, before retracing a bit to $44.80 ahead of weekly inventory data and the key Fed monetary policy decision...
Crude oil need a decide; I think it will be long today untill FOMC decides. Than it will be start short again nearly as 39 USD. What dou you say...
WTI Seems Set to Surpass $45.00 Mark WTI crude oil future on Wednesday, seem to digest Tuesday's smart recovery from $42.48, previous resistance turned immediate strong support, to a fresh 2016 high of $44.80...
World Bank Raises 2016 Oil Price Forecast The World Bank raised its forecast for crude oil prices by about 11% on late Tuesday, citing expectations of reduction in the oversupplies...
Gold Back in the Red Near $ 1235, US Data Eyed The ongoing recovery mode in the yellow metal ran out of legs once again near hourly 200-SMA above 1240 levels, and the prices retreated sharply, despite broad based US dollar weakness. Gold dips ahead of US data Currently, gold drops -0.25% to 1234...
Oil prices fell more than 2 percent on Monday as data pointed to fresh U.S. crude builds, while leading banks in commodities said the two-month long oil market rebound has defied fundamentals. A Reuters poll forecast a nationwide U.S. crude build of 2...
Gold rose on Monday as a retreat in the U.S. dollar helped to tempt back some buyers after the previous session's 1.3 percent slide, but moves were muted ahead of a Federal Reserve policy meeting this week...
FxWirePro: Gold Steadies from Daily Lows, Outlook Bullish Gold inched up from Friday’s lows on Monday, as retreat in dollar helped the commodity recover some ground. The yellow metal has bounced from $1230 up to trade at $1239 in the US session...
WTI Consolidating Between $44.00-$43.00 Level WTI crude oil future has been consolidating within a narrow trading range and following a profit taking drop below $43.00 mark has moved back closer to $43.50 level. After breaking through an important resistance near $42...