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Tim Condon of ING, revises the 2015 Chinese inflation forecast to 1.0% from previous 2.0%, after food components drove January CPI to levels not seen since November 2009. Key Quotes “CPI inflation slowed to 0.8% in January from 1.5% in December. The consensus forecast was 1.0...
Britain’s factories kept their slow recovery in the run up to Christmas. But the rise in manufacturing output failed to offset falls in mining and energy, leaving industrial production down 0.2% in December, says The Guardian...
Greece could tap "another source" for funding - possibly even Russia or China - should the deal with Europe not be worked out, Greek Defence Minister Panos Kammenos warned...
Focus of the day: "The Greek government and European authorities are far from any potential agreement, with still very different positions, although we have seen some steps in the right direction...
The TradeTheNews Team shares that independent Greeks Party Kammenos commented that Greece had a plan ‘B’ if the EU remained rigid on any agreement in tomorrow’s meeting, which eased the Greek tension a bit. Key Quotes “The focus remained on the Greek situation in Europe...
The dollar was higher against the other major currencies on Tuesday, as concerns over a potential Greek exit from the euro zone continued to dampen market sentiment...
The Bank of Nova Scotia (French: Banque de la Nouvelle-Écosse), commonly known as Scotiabank (French: Banque Scotia), is the third largest bank in Canada by deposits and market capitalization. The following are Scotiabank's latets forecasts (end of period) for major currencies...
EUR: The single currency continued to meet selling interest just above 1.1350 and has retreated in European morning, offers are still noted at 1.1350-55, 1.1370-80 and 1.1400, sell orders are reported at 1.1420, 1.1460 and 1.1485, selling interest should emerge around 1.1500, 1.1520 and 1...
The eFXnews Team shares SEB’s intraday outlook for EUR/USD. Key Quotes “Awaiting a 'B-wave' Break (<1.1262). One day older and more wiser...A sub-1.1262 break is needed to fully confirm a correctional peak in place (@1.1534) - and if so another sub-1.11 test would become highly likely...
On Tuesday the British currency traded steady against the U.S. dollar, after positive U.K. manufacturing production data, as market sentiment was pressured amid growing concerns over the Greek debt crisis...
The pound accelerates its gains vs. the US dollar on Tuesday, with GBP/USD gyrating around 1.5220. GBP/USD advances on UK data The pair managed to pick up pace from the 1.5220 area following the mixed results in the UK economy...
Steve Miley of MarketChartist,mentions that as long as GBP/USD base at 1.15190 is intact the positive bias for a push higher remains for the pair. Key Quotes “The firm February recovery effort above the key 1...
Lee Hardman, Currency Analyst at Bank of Tokyo-Mitsubishi UFJ, comments that with lack of compromise from either side (Greece, ECB), concern regarding a possible Greek default and exit are increasing...
EUR/USD bounced-off daily highs and fell to fresh session lows, witnessing huge swings during the European session, despite upbeat industrial production numbers from France and Italy. Declines from 1.1345 The EUR/USD now posts fresh session lows at 1.1293, down -0.26% on the day...
Silver prices declined despite gains in Gold amid risk aversion due to Greek fears and escalating tensions in Ukraine. Trades below hourly 50-SMA Prices fell below the hourly 50-SMA level located at USD 16.92, after the metal faced rejection at the 10-DMA located at USD 17.07 levels...
The shopping-street impact of the Swiss National Bank's decision to abandon its 1.20 per euro ceiling last month is expanding across Switzerland, cheapening the cost of imported goods from cars to groceries...
For today R4 - 1.2775 / R3 - 1.2645 / R2 - 1.2591 / R1 - 1.2547 SPOT 1.2475 S1 - 1.2400 / S2 - 1.2375 / S3 - 1.2350 / S4 - 1.2314 LONG AT 1.2470 FOR 1.2775 OBJECTIVE, STOP 1.2350...
Lee Hardman, Currency Analyst at Bank of Tokyo-Mitsubishi UFJ, comments that in the recent G20 meeting of central bankers and finance ministers, the policy makers appeared less concerned about USD strength, and reiterated their view to refrain from targeting exchange rates for competitive purpose...
The Australian dollar failed to capitalize on upbeat Australian business confidence and a sharp drop in the Chinese CPI, pushing the AUD/USDpair back to 0.78 levels from the high of 0.7840 levels...
Speaking in Istanbul, George Osborne told Bloomberg TV that there is a growing danger that the deadlock over Greece’s bailout programme spirals out of control. British Chancellor warned that this could potentially be causing serious damage to the European economy, and the UK’s too...
