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In what is being described as "the first Greek pro-government rally", thousands of people have gathered outside Greek Parliament in the infamous Syntagma Square to protest against a decision by the European Central Bank to restrict the eligibility of Greek bonds used as collateral from Feb...
The common currency remains buoyant above the 1.1400 handle on Thursday, withEUR/USD attempting to consolidate around 1.1430. EUR/USD capped at 1...
US DOLLAR TECHNICAL ANALYSIS Prices may be readying to turn lower after producing a bearish Evening Star candlestick pattern. Negative RSI divergence reinforces the case for a downside scenario. A daily close below the intersection of the 14...
USD/CAD is trading at 1.2430 with a high of 1.2588 and a low of 1.2407. USD/CAD has been unstable while the price of oil has been making a come back and a bottom is appearing to form...
JPMorgan Chase - one of the oldest financial conglomerates on the planet. Financial institution, stationed in New York, is a leader in investment and commercial banking services. Major currencies. Forecasts - JP Morgan: PS: indicators that you can use in your trading system. Good Luck...
The Canadian dollar has taken back yesterday’s losses versus the greenback, supported by a strong oil recovery and better than expected Canadian trade data. USD/CAD has lost more than 150 pips throughout the day, retreating from near 1.2600 to a low of 1...
The Danish central bank lowered its deposit rate to -0.75% from -0.50% today, its fourth rate cut in the past three weeks. The bank kept the lending rate, the discount rate and the current account rate unchanged at 0.05%, 0.0% and 0.0%, respectively...
Crude prices in the US trade at USD 50.60/barrel, after having bounced-off from the 10-DMA located at 47.57 levels earlier today. Concerns of excess supply linger The Energy information Agency data released yesterday showed the crude oil inventories in the US rose by 6...
Valeria Bednarik, Chief Analyst at FXStreet, notes that the EUR/USD pair is consolidating below the 1.1440 fibonacci level, and a break below this immediate resistance might lead to further gains towards 1.1480...
AUD/USD failed to sustain gains above 0.7800 and pulled back at the beginning of the American session, trimming intraday gains. The Australian dollar reached a daily high of 0.7823 versus the greenback, but lacked follow-through and retreated toward the 0.7780 area in recent dealings...
The stock markets in the US are likely to open higher, after a lackluster performance in the previous session that was widely attributed to a sharp fall in oil price. At the time of writing, the DJIA futures traded 0.61% higher at 17,673.50 levels, while the S&P futures traded 0...
On Thursday the dollar remained lower against the other major currencies, as a disappointing U.S. trade balance report weighed...
Jane Foley, Senior Currency Strategist at Rabobank, places the pair in the area of 0.7000 on a 12-month horizon. Key Quotes “The value of AUD/USD may have fallen sharply since July 2014 but Australia’s effective exchange rate has shown less movement”...
Before getting started it is important to understand that economic releases are designed to try and give a picture of either: What has already happened in the economy based on past numbers (referred to as a lagging indicator) What is anticipated going forward based on past numbers...
Oil can still descend as low as $30, analyst John Kilduff said in an interview with CNBC on Thursday...
Shaun Osborne, Chief FX Strategist at TD Securities, views that EUR/USD’s rebound after the sharp dip post ECB’s decision to curb Greek banks’ access to funding might cap around 1.1480/90...
Sabine Schels, Commodity Strategist at BofA-Merrill Lynch, explains that unless oil production guidance for 2015 goes negative or Saudi Arabia changes its policies, WTI and Brent may fall to $32/barrel and $31/barrel respectively by the end of Q1 2015...
The European Central Bank’s (ECB) chief economist Peter Praet said today that the European Central Bank’s (ECB) simply applied rules as it decided to end its exemption from credit requirements for Greek bonds...
On Thursday the dollar dropped against the other major currencies, as market sentiment recovered from news the European Central Bank will no longer accept Greek government bonds from banks seeking funding and investors eyed U.S. data due later in the day...
According to FXStreet Editor and Analyst, Omkar Godbole, supportive UK data and BoE’s relatively hawkish stance is likely to pour strength into GBP/USD for a further rise towards 1.5329 levels. Key Quotes “GBP/USD could test the 50-DMA located at 1...
