Crude oil prices fell further on Tuesday and closed slightly lower despite having bounced from fresh 6-year lows sub $37.00 a barrel. WTI had a volatile session, oscillating between $36.64 and $38.58 a barrel, before settling at $37.52, down 0.28% on the day and posting its third loss in a row...
The UK currency weakened against most of its major peers, but gained against the CAD, as falling oil prices sent the commodity-related currency to its lowest level in over 11 years against the greenback. GBP/CAD advanced for a second day in a row and posted a fresh 2-month high of 2.0424...
The euro finished higher against the yen on Tuesday and it continued to consolidate above 133.00. EUR/JPY peaked at 134.00 during the American session and finished trading around that level. EUR/JPY technical outlook Last week it peaked above 134.50 and then pulled back...
USD/JPY is currently trading at 123.05 with a high of 123.40 and a low of 122.71. Despite the Japanese GDP in Q3 with the real GDP growth in Japan being revised upwards to an annualized expansion of 1.0% from an initially reported contraction of -0...
EUR/USD printed a fresh daily high recently at 1.0902 but if failed to continue to rise above 1.0900 and pulled back modestly below. It was trading at 1.0890, 55 pips above the level it closed yesterday...
USD/CAD pulled back from fresh 11-year highs above 1.3600 as the loonie took back losses in tandem with oil prices, although the relief was short-lived. USD/CAD retreated from a peak of 1.3621 but the downside was contained by the 1...
EUR/JPY pair continues trading range bound, ending the day slightly higher amid EUR's strength, although with the pair still unable to firm up above the 134.00 figure...
Karen Jones, chief analyst at Commerzbank noted that USD/JPY needs to hold above the 122.20 support for an upside bias to remain. Key Quotes: "The intraday Elliott wave counts are pretty neutral. Resistance is offered by the 123.77 the recent high. Above here will target 125...
GBP/USD is on the offer on the 4hr chart although is finding some demand below the 1.50 handle to trade currently at time of writing back on 1.5030...
- EUR/GBP is about to post the highest daily close since October 21 as it continues to trade above 0.7250. A weak pound boosted the pair that broke above 0.7250 and climbed to 0.7279, new monthly high...
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The Royal Bank of Scotland estimated the most interesting pairs to trade and their directions of the price movement in a medium-term situation and for long-term in 2016. The EUR/USD price was estimated as a short in a medium-term and for 2016 as well: second pivot support level (S3 Pivot) at 0...
The Norwegian krone is sharply lower vs. the single currency during the first half of the week, lifting EUR/NOK to fresh highs around 9.6100 the figure...
The Norwegian krone is sharply lower vs. the single currency during the first half of the week, lifting EUR/NOK to fresh highs around 9.6100 the figure...
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Chinkou Lagging Span is on the chart, Ichimoku Cloud is moving upwards (2), and the price is between Tenkan-Sen and Kijun-Sen...
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); all lines are directed downwards. Ichimoku Cloud is going down (2); Chinkou Lagging Span is below the chart...
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1), but the lines are getting closer to each other again. Ichimoku Cloud is heading up (2); Chinkou Lagging Span is below the chart...
The offered tone is not giving up on the Canadian dollar on Tuesday, now allowing USD/CAD to test fresh cycle highs near 1.3630 albeit easing some ground afterwards. USD/CAD boosted by oil slump The current drop of the West Texas Intermediate to multi-year lows in sub-$37...
Gold, a traditional safe haven asset, is the weakest today, despite the china-led risk-off in the European equities and US equity index futures. Gold ignores risk-off and weak USD index The metal currently trades 0.25% lower at USD 1073/Oz levels even though the USD index is down 0.27% at 98.47...
GBP/USD has extended losses below the 1.50 mark and hit fresh 5-day lows ahead of the NY opening as the pound faces renewed weakness following mixed results from UK’s manufacturing and industrial production. GBP/USD accelerated the fall and hit a low of 1.4955 before finding support...
