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EUR/JPY Keeps Gains Around 123.50 Ahead of ZEW The cross in the EUR/JPY holds the upside in the European morning, extending its recovery from three-year lows, amid broad yen weakness and strong close on the Japanese Nikkei. EUR/JPY looks to test 124 now The EUR/JPY pair now rises 0.32% to 123...
Dynamics of #oil traditionally has a strong influence on commodity #currencies, such as #AUD and #CAD. Given the sharp drop in crude oil on Monday, the Canadian dollar was to fall much lower, but the #currency completed yesterday's trading even higher...
Asian Stocks Rebound, Track Wall Street, Oil Higher The Asian stock markets staged a solid comeback this Tuesday, after having witnessed heavy sell-off the day earlier, as bulls were rescued by the strong Wall Street close and rebound in oil prices...
USD/JPY Recovery Stalled Near 109.20, Bulls Exhausted? The USD/JPY pair is seen consolidating its robust recovery from near seventeen-month lows over the past few hours, with the rate hovering around 109 barrier...
NZD/USD: Consolidates Near Fresh 2016 Highs, GDT Eyed The NZD/USD pair is seen making another attempt to take-out 0.70 barrier, with the bulls committed amid a broadly lower greenback and risk-on rally in the equities. NZD/USD at 10-month tops Currently, the NZD/USD pair trades 0.56% higher at 0...
AUD/JPY: Bulls Committing for a Test of the 85 Handle AUD/JPY has followed suit of its counterparts, with USD/JPY pushed on to the 109 handle and the Aussie making a strong performance with iron ore rallying 3% overnight and oil claiming back grounds in the $40.00's bbls...
RBA Minutes Preview - What to Expect in AUD/USD? AUD/USD has been some tremendous two-way business at the start of this week. The pair has reached a nine-month high of 0.7758 in a rally from intra-day lows of 0.7642 and is perched better bid ahead of the RBA minutes...
AUD/NZD Drops Further to Test Hourly 200-SMA The New Zealand dollar manages to keep the upper edge over its OZ counterpart in the Asian trades this Tuesday, as the Aussie finds fresh sellers following the release of dovish minutes of RBA’s April 5th policy meeting...
GBP/USD Capped at Key Resistance Before 1.4346 Trend Line GBP/USD was initially dragged up on the crosses with GBP/JPY making a huge rally as Yen got sold-off. GBP/USD has staged a continued upside effort and headed for a break of key resistance...
Brent Crude: We Still Expect the Barrel at USD46/bl in Q4 Despite Doha- Danske According to Jens Nærvig Pedersen, Senior Analyst at Danske Bank, crude oil will recover during 2016 despite the lack of agreement on a production freeze on Sunday in Doha...
Oil is Falling — So Why does US Keep Pumping? It's called the law of supply and demand. When a commodity costs more to produce than the current market price, producers usually stop producing it. But when it comes to U.S...
FxWirePro: EUR/USD Resumes Upside After Breaking Resistance Level at 1.1300 The EUR/USD pair inched higher on Monday as the pair attracted buyers as weak dollar and falling oil prices increased the demand for euro. The pair initially dipped towards 1.1274 levels in the early European session...
EUR/USD Consolidates Above 1.1300 The euro reached a fresh daily high against the US dollar during the American session at 1.1331, the strongest level since last Wednesday. Afterwards it pulled back modestly but remained above 1.1300...
Lower US Supply to Underpin Oil price Despite Talks Failure LONDON — The failure by oil-rich nations to agree to freeze production weighed on crude prices Monday. But analysts say oil is likely to rise in the longer-term as many companies, particularly in the U.S., scale back output...
Here's the Problem with this Earnings Season There's a problem with earnings this season: stocks are trading at the high end of their trading range and are also expensive...
Doha Failure Exposes Hedge Funds That Were Betting on Oil Freeze (Bloomberg) -- Hedge funds really wanted the Doha oil summit to work. Money managers kept wagers on rising prices near a nine-month high in the days leading up to Sunday’s meeting of oil producers...
EUR/USD: Comfortable Around 1.13 Handle - Scotiabank Analysts at Scotiabank noted that EUR/USD looks relatively stable around the 1.13 line but the EUR traded poorly overall last week, losing ground against every G10 counterpart apart from the CHF...
FxWirePro: Gold Dips Towards Lower Range But Bias Remains Bullish The yellow metal traded higher on Monday, as dollar declined slightly and European shares dipped following no deal between oil producers to cut oil output which sent oil prices down...
USD/JPY: Capped at 100 Hr SMA on Strong Recovery USD/JPY has rallied as markets recover and some after the Doha event that failed to find a concord between oil ministers in OPEC and non-OPEC nations meeting over the weekend...
