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The NZD/USD pair erased gains as the US dollar is being favored amid Greek debt issue and rising Treasury yields in the US. Repeated failure at 0.7440 levels The pair clocked a high of 0.7438 levels earlier today before erasing gains to trade at the current level of 0.7400...
Camilla Sutton, Chief FX Strategist and Managing Director at Scotiabank noted the forthcoming meeting between Greece's FM and the Eurogroup this Wednesday...
Gold prices are stuck between the 50-DMA and the 10-DMA located at USD 1232.88 and USD 1245.24 levels respectively. Uninspired by US jobs data The metal hardly reacted to the release of the JOLTS job opening data, which showed there were 5...
The Aussie is trading lower against the US Dollar following oil declines and after falling 50 pips from 0.7800, the pair is testing now the 0.7750 area. The AUD/USD advanced in the Asian session from 0.7800 to test intraday highs at 0...
Crude prices in the US hit a fresh session low of USD 50.77/barrel due to the slowdown in China, concerns of excess supply, and a strong US dollar. Prices fall below hourly 100-SMA Crude prices fell below the hourly 100-SMA located at USD 51...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, and AUD/USD. EUR/USD: Although the heavy tone continues, support has held well around 1.1260-70 since the end of January. Sell rallies toward resistance at 1.1420-40...
OPEC said Monday that it now expects non-cartel countries to increase production by 850,000 barrels a day in 2015, down from its previous forecast of 1.27-million b/d...
US chipmaker Qualcomm has agreed to pay $975m to Chinese authorities to terminate a 14 month anti-trust investigation into its patent licensing practices...
Crude prices in the US remain weak despite having recovered slightly from the low of USD 51.89/barrel as sentiment remains weak after the International Energy Agency (IEA) warned that oil stocks shall continue to rise this year...
US DOLLAR TECHNICAL ANALYSIS Prices may be preparing to decline after prices put in a bearish Evening Star candlestick pattern. Negative RSI divergence reinforces the case for a downside scenario. Near-term trend line support is in the 11740-73 area, marked by a rising trend line and the 14...
I'd love to have eavesdropped on Thursday’s meeting in Berlin between Wolfgang Schäuble, the German Finance Minister, and Yanis Varoufakis, his counterpart in the new left-wing government of Greece...
The greenback is appreciating vs. its northern neighbour on Tuesday, pushing USD/CAD to the upper-1.2400s. USD/CAD rebounds from 1.2440 The pair was able to revert the initial drop to the 1.2440 area following the offered tone in the greenback that prevailed throughout the Asian session...
Gold prices are trading weak despite Greek issue and escalating tensions in Ukraine, due to the strength in the US Treasury yields and a strong US dollar. 10-year Treasury yield at one-month high The 10-year yield is trading at a one-month high of 2...
The Growth Aces Research Teamshares the trade setup for GBP/USD, further adding that Thursday’s BOE’s inflation report might be supportive for the cable as markets might reassess its rate hike expectations...
Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, explains that USD/CAD is stuck in the 1.2352 to 1.2564 range, and is looking at oil prices and WTI’s ability to break and close above 50‐day at 53.51 levels for direction. Key Quotes “CAD is down 0...
Independent Analyst, Malcolm Graham-Wood, notes that the trimmed US supply forecasts and demand numbers shown in Opec’s monthly report added to oil’s positive momentum...
Dean Popplewell, Director of Currency Analysis at MarketPulse, comments on the effect on Euro from the ongoing Greek crisis, and from a probable Grexit scenario...
On Tuesday Bitcoin prices fell in a quiet trade, with further losses expected amid bearish chart signals...
On Thursday the Bank of England will release its February Inflation Report, whichGoldman Sachs expects that it will deliver a modestly hawkish message to the market...
Russia's Finance Minister Anton Siluanov said the country will ratify an agreement on the New Bank for Development set up by BRICS before the end of this month or at the beginning of March. Other participants will ratify the agreement later, Siluanov said, quoted by TASS...
