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Gold traders may have noticed the highs getting lower on the charts while at the same time the lows are getting higher. This is leading to a squeeze in the price of gold that will likely result in a breakout and a strong move either way...
The eFXnews Team shares SEB’s intraday technical outlook for EUR/USD, expecting 1.1395 to cap the pair’s upside. Key Quotes “Yesterday’s price action indicates that the upward reaction fell short of its ideal target, the equality point between wave a and c, 1.1588...
For the 24 hours to 23:00 GMT, the AUD weakened 0.25% against the USD to close at 0.7758. Yesterday, a global investment bank downgraded Australia’s economic growth prospects and projected that the RBA would again cut its benchmark interest rate in May...
At the beginning of the week we highlighted a possible price reversal in AUDNZD, and sure enough it broke out of its medium-term upward trend shortly thereafter. The pair is now finding some resistance around its 200/4hr SMA, but we are getting nervous about a potential rally in the near-term...
The European Central Bank’s (ECB) Peter Praet, in an interview with Les Echos, said the current rate of the EUR/USD better reflects the economic situation in the Eurozone than it did previously. Mr...
On Thursday the Australian share market has reached its longest winning streak in more than 11 years, with the financial sector driving its latest day of gains. The market climbed by almost 0...
Speaking in Melbourne on Thursday, Rio Tinto executive Alan Davies bemoaned the lack of large mineral discoveries in recent years, which had coincided with dramatic cuts to spending on exploration from mining companies...
Adyen, the leading technology provider powering payments for global commerce in the 21st century, announces that it has integrated with the world’s leading Bitcoin payment processor BitPay...
Analysts at Westpac view that AUD/USD has made a top around 0.7850/0.7900 and further weakness might resume for the pair towards 0.7500. Key Quotes “We remain of the view that the AUD has potential for further weakness to 0...
According to FXStreet Editor and Analyst, Omkar Godbole, the EUR/USD pair is likely to rise to 1.14 levels, with technicals supporting the bullish gains. Key Quotes “The EUR/USD pair fell to 1.1390 levels after breaching the hourly 50-SMA, then located at 1.1410 levels...
The Research Team at Standard Bank, notes that markets are seemingly prepared for BoE to keep rates on hold in today’s meeting, with rate-expectations pushed back by some months...
Today the euro remained more stable, after slipping the day before when the European Central Bank said it will no longer accept Greek bonds as collateral for its liquidity operations...
EUR/USD is back to the 1.1300 neighbourhood following markets disappointment over the progress in the Greek front, fading the recent spike to 1.1540...
The single currency is now recovering part of the deep pullback posted on Wednesday, with EUR/USD hovering over 1.1340/50. EUR/USD hurt by Greek rumours The pair has lost more than two big-figures since Tuesday’s tops around the mid-1.1500s...
The Research Team at Varengold Bank, views that NZD/USD has the scope to for a further upward movement in the future, with the pair continuing to decline since July and rebounding after making a new low at 0.7202. Key Quotes “After touching the resistance line at 0...
WTI Oil futures on NYMEX gave back gains from the early Asian session and resumed its slide below USD 48 as fears over a global oversupply returned to the oil market after record US stockpiles. Back below USD 48/ barrel Currently, WTI oil trades 1.44% lower at USD 47...
Southeast Asian stock markets trimmed gains on Thursday with the Philippine main index retreating from the previous day’s record close as a fall in crude prices overnight spurred selling in recently-rallying energy shares...
Prashant Newnaha, Asia-Pacific Macro Strategist at TD Securities, shares the market performance in the Asian trade, noting that USD’s G10 peers moved up, led by the AUD...
The TradeTheNews Team notes that the ongoing political transition in Greece, accompanied by ECB’s decision to restrict cash access to Greek banks halted the 2-day rally of euro. Key Quotes “Renewed concerns over the implications of political transition in Greece helped constrain a 2-day rally...
GBP/USD edged higher in the early European morning, extending gains for the third straight session as traders now focus on the Bank of England (BOE) meeting on rate decision due later today. Faces stiff resistance at 1.5214 levels The GBP/USD pair traded at 1.5206 levels, up 0...
