Russia's central bank on Friday cut its key interest rate, after raising it massively in December to shore up the ruble, in a bid to underpin economic activity that remains hurt by falling oil prices and economic sanctions...
After a drop to the 1.2680 area, the US dollar is now recovering the strength and pushingUSD/CAD back above the 1.2700 mark. USD/CAD back from multi-year highs Spot quickly clinched the 1...
The Russian Ruble suffered a steep decline today. This drop comes after the Russian Central Bank cut the country’s interest rate from 17% to 15% in hopes of boosting the nation’s floundering economy...
- EUR/CHF entered a consolidation phase after briefly rising above the 1.0500 mark to hit its highest level since the SNB removed the 1.2000 floor 2 weeks ago. EUR/CHF reached its highest level since Jan 15 at 1.0522, amid chatter the SBN has been intervening in the market to weaken the franc...
Valeria Bednarik, Chief Analyst at FXStreet, shares the technical outlook for EUR/USD, with the pair showing no major reaction post the US and EZ releases...
Apple's stock hit a new record high shortly after the opening bell Friday. The stock was trading above $120. The previous high was about $119. Apple delivered record earnings Tuesday. Last quarter, it sold 74...
US DOLLAR TECHNICAL ANALYSIS Prices may be readying to turn lower after producing a bearish Evening Star candlestick pattern. A daily close below the intersection of the 14.6% Fibonacci retracement and a rising trend line at 11725 exposes the 23.6% level at 11640...
The ruble dropped to the weakest level since panic swept across Russian financial markets last month after a surprise interest-rate cut signaled the central bank no longer considered tackling inflation its primary task...
Jane Foley, Senior Currency Strategist at Rabobank, forecasts AUD/USD to head lower towards 0.70 levels over the medium-term, further expecting RBA to cut rates in the coming months...
On Friday the greenback lost some ground but was still soaring around 11-year high versus the other major currencies, as investors were expecting the release of fourth-quarter U.S. economic growth data, as well as additional U.S. reports due later in the day...
NZD/USD started to recover ground from multi-year lows during yesterday’s American session and continued on Asian hours. Below 0.7300 the pair found resistance and then stabilized, but recently weakened and broke below 0.7265, falling to 0.7238. Currently the pair trades at 0...
And the RBNZ joins the doves! In their latest policy statement, New Zealand central bank officials dropped their hawkish bias, pushing the Kiwi lower against its forex counterparts. Here’s what you should know about their announcement: 1. RBNZ open to a rate cut Where is the Kiwi headed next...
EUR/USD remains in the low-1.1300s following the release of the preliminary inflation figures in the euro area for the current month. EUR/USD around 1.1315/20 Nothing out of the ordinary from the CPI figures in the euro bloc...
Derek Halpenny, European Head of GMR at Bank of Tokyo-Mitsubishi UFJ, reviews the recent Q4 foreign exchange reserve holdings data released by SNB, noting the central bank actually increased euro buying modestly in Q4...
If you run a taxi business, then your taxi is more than just a vehicle. Taxi driving is your means of livelihood. Taxi driving is not just offering transportation services to your customers; it’s far more than that. It involves unsociable hours and a lot of driving in inner-city areas...
Both the Australian dollar and the yen gained in Asia on Friday on data sets that showed mixed economic trends but generally within expectations...
According to the latest Reuters poll, 18 economists out of 25 expect the RBA on hold next week, while the rest (7) are calling for a rate cut. Meanwhile, according to a Bloomberg survey, 6 out of 27 economists see RBA rate cut in February, with 12 expecting a rate cut in March...
Australia stocks shimmied higher in early Friday trading, with a sharply weaker Aussie dollar helping lift many of the resource names, except for the gold miners. The S&P/ASX 200 XJO, +0.34%had risen 0.5% about half an hour into the session, building on the previous day's 0...
Gold prices on Comex advanced in the Asian session, recovering from fresh two week lows reached in the previous session largely as Fed stays on its course to raise interest rates as early as mid-2015. Currently, gold trades higher by 0.44% at 1261...
GBP/USD is currently trading at 1.5045 with a high of 1.5164 and a low of 1.5017 and down 0.72% on the day. GBP/USD dropped 30 pips and recovered back into a sideways manner beneath the 1.5120 support that gave up on earlier trade...
