The offered tone on the AUD picks-up pace in the late-Asian trades, drowning AUD/USD deeper into the red towards 50-DMA as markets digest weak China trade data. AUD/USD drops to fresh 5-day low Currently, the AUD/USD pair trades -0.57% lower at fresh five-day lows of 0...
Research Team at BBH, suggests that the US employment data removed what was perceived as the last potential hurdle to Fed decision to hike rates later this month...
Deutsche Bank made a long-term forecast for USD/SEK stated that this pair will continuing with the ranging condition up to the end of this year: the price is traded to be on bullish ranging within 8.02 support level and 8...
In US dollar terms, China’s trade surplus contracted $54.10 billion for the month, down from October's record high of $61.64 billion. Imports fell for the 13th consecutive month, though the decline eased last month. Imports fell 8.7%, against forecasts of a 12.6 % decline and a drop of 18...
Risk-off trades re-emerged in Asia following the release of weak Chinese trade data, which boosted gold’s safe-haven appeal and aided the recovery in the bullion from near 1066 levels. Gold: Revisits daily highs near 1072.50 Currently, gold trades marginally higher at 1071...
Research Team at BBH, notes that China's reserves fell by a little more than $87 bln in November, marking its third largest decline it has recorded, and a little below the $94 bln drop reported in August. Key Quotes “The euro fell 4% in November...
The Japanese yen snaps losses and extends gains against its American rival in the mid-Asian session, with USD/JPY breaching key support near 123.10 region. USD/JPY on its way to hourly 200-SMA Currently, the USD/JPY pair trades -0.24% lower at fresh session lows of 123...
The Aussie keeps range below hourly 20-SMA at 0.7278 following the release of the sluggish Chinese trade figures, which once again raised worries over the country’s external demand. China data disappoints again Currently, the AUD/USD pair trades -0.11% lower at 0...
AUD/JPY was licking its wounds after losing the 0.73 handle in a soft commodities sector and the greenback losing ground to the Yen. In recent moments, there has been supply in the Aussie while PBoC said to be injecting CNY 10b via 7 day reversals and sets the ref rate mid point for CNY at 6...
On Tuesday, the Chinese central bank, PBOC, sets USD/CNY reference rate at 6.4078 versus 6.3985 previous close. Meanwhile, China’s CSI300 futures open down 0.6...
As reported by Shanghai Securities News via MNI, Shen Lan, an economist covering China for Standard Chartered noted that China's reserve requirement ratio (RRR) is expected to be cut by 0...
The USD has tended to rally against major currencies heading into the start of a Fed tightening cycle, but weaken following the first rate hike. However, the pattern is a lot more varied against Asian currencies...
il prices seeped to their lowest level in over 6 years, breaking swing lows as oversupply was confirmed as not being abated any time soon. OPEC meetings ended with no resolution on production cuts and lacked any reference to output ceilings which was the big kicker in sending Oil to new lows...
8.12.2015 00:00Immaculate Conception Day Currency: EUR, Importance: Not significant 08.12.2015 00:00Immaculate Conception...
Analysts at TD Securities noted that this week sees the release of Chinese November trade (Tuesday) and CPI (Wednesday). Key Quotes: "We and the consensus have pencilled in a similar recovery for exports (-5% Y/Y from a prior -6.9...
Crude oil prices are collapsing at the beginning of the week, finding some support around the $38.00 mark per barrel so far. WTI slumps on OPEC, USD The barrel of West Texas Intermediate is trading at shouting distance from YTD lows at $37...
Fed's Bullard has been on the wires and has offered bearish comments in respect to the Fed's projections this year...
Oil prices extended losses on Monday and fell to their lowest levels in more than 6 years after the Organization of the Petroleum Exporting Countries (OPEC) failed to agree at its meeting on Friday to cut output to stabilize prices, which have fallen more than 60% since mid-2014...
We have no trade call for the session as it is Monday and there is no tier 1 data due up. Start your week off on the right foot by reading my currency update below. Currency Update: USD: The market currently prices a 72% probability for a Fed rate hike on December 16...
Prakash Sakpal, Economist at ING, suggests that the Chinese policy challenge remains trying to support manufacturing growth and prevent its slowdown from spreading to the services economy. Key Quotes “The November data dump starts...
