On Tuesday the Australian dollar was weaker as the Reserve Bank of Australia left interest rates on hold. Fresh news from Greece spurred renewed concerns...
Total remittances in 2014 reached $583 billion which is more than double the official development assistance (ODA) in the world. Whereas India received $70 billion, Chinese were able to send $64 billion back home...
EURUSD 'It has had a muted reaction despite the surprise outcome from the Greece referendum. Even though the market is positioned short, we expect the pair to test the downside sooner rather than later this week. Keep it tight but prefer short and add on more spikes above 1...
On Sunday Greeks voted against creditors' demands for further austerity, leaving Europe’s leaders to determine if the nation can remain in the euro currency union...
On Monday the euro fell sharply in Asia trade, as the Greek voted against the proposed bailout terms from international creditors. The question of the country's continued membership in the euro zone is now the main concern for financials markets...
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The yen slipped lower against the U.S. dollar on Friday, as sentiment on the greenback remained vulnerable after Thursday's downbeat U.S. data and as trading volumes were expected to remain thin with U.S. markets closed for the Independence Day Holiday...
On Wednesday the dollar remained broadly higher against its peers supported by upbeat U.S. jobs and manufacturing data. Investors meanwhile watch the situation in Greece...
On Wednesday the pound slid against the U.S. dollar, after data showed that U.K. manufacturing activity expanded at the slowest rate in 26 months in June, while Greek debt concerns continued to support demand for the safe-haven greenback...
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On Tuesday the greenback was stronger as markets prepared for Greece's almost unavoidable default on its IMF payment due today, June 30. However, Greece is now said to be in touch with its creditors in respect of a possible deal, however, no real movement has been seen so far...
On Tuesday the pound was almost unchanged against the U.S. dollar, after reports showed that Britain's economic growth was revised up, while U.K. account deficit appeared to be wider than economists had estimated...
“Initially there would be a massive selloff, something in the region of 30 to 40 percent depreciation against the dollar,” says Neil Jones, head of hedge-fund sales at Mizuho Bank Ltd. in London. “We will get fresh all-time lows” for the drachma, he thinks...
Cycles are a unique kind of trading analytics, being one of the few types of market data that can be accurately measured. But understanding what the cycles mean and which trades to make based on them is an extremely complex process...
On Tuesday the euro was weaker in Asia, as financial markets prepared for Greek debt default. The outcome of the referendum due on July 5 is the main focus now with Greece's Tsipras hinting at resigning in case citizens vote 'Yes'...
Switzerland’s central bank intervened in the currency markets Sunday night to stabilize the strong franc after the concerns over Greece’ potential exit from the eurozone spurred strong demand in the Swiss currency...
The euro was sharply lower as Greece has set stage for a nervous week having failed to reach a deal with its lenders, taking it a step closer to a debt default that could force its exit from the euro zone...
