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On Wednesday the pound sterling traded higher vs the greenback after data showing the U.K. service sector output grew at a faster than expected rate in January after slowing at the end of last year...
Greek Finance Minister Yanis Varoufakis extended his 'European tour' on Wednesday to Frankfurt, where he met European Central Bank (ECB) President Mario Draghi to discuss the possibility of debt relief for the embattled country...
On Wednesday the greenback was broadly higher vs peers, as market players worried over Greece's plans to renegotiate its bailout, while keeping an eye on upcoming U.S. jobs and service sector data. The euro slipped lower despite upbeat...
Jane Foley, Senior Currency Strategist at Rabobank, forecasts USD/CAD to move towards 1.28 levels over the next 3 months, citing CAD’s sensitivity to oil prices...
According to BofA-Merrill Lynch, Fed might hike rates by 25bp in September, and follow with similar hikes at its other meetings, in spite of inflation remaining below the Fed’s target...
Chinese e-commerce giant has started testing delivery drones in three major cities, seeking to overcome logistics barriers in the country and creating competition to Amazon...
WTI Oil futures on NYMEX snapped its three-day rally and declined today, moving away from fresh monthly highs as traders remain cautious ahead of a US inventory report. WTI below USD 52/ barrel Currently, WTI oil trades 3.06% lower at USD 51...
Gold prices extended gains to trade above the 50-week average located at USD 1266.25/Oz levels after China announced a cut in its reserve requirement rate...
After being alerted of prices being near a down trendline in NZDCAD, it also can be seen that Analytical Trader is pointing that the background is weak both in M30 and H1, which is a good indication...
The AUD/USD inched closer to 0.7850 levels after the People’s Bank of China (Pboc) cut reserve requirement ratio to 19.5% from 20.0%. Gains capped by weakness in commodities The pair currently trades at 0.7807levels after having hit a high of 0...
Gold edged up Wednesday, boosted by expectations that Greece is nearing a debt deal with its international creditors. Gold prices continued their rally Wednesday as investor confidence is growing that Athens’ protracted standoff with the troika of international lenders is finally over...
Analysts at Danske Bank see the pair resuming its downside, targeting 1.10 during the first half of 2015. Key Quotes “More broadly, the rise in the oil price and converging economic cycles is the main themes in FX markets”. “EUR/USD has rebounded sharply and the DXY index is weakening”...
EUR/USD recovered from session lows after services sector activities expanded across the Euro area economies with France bucking the trend. EUR/USD recovers from 1.1437 levels The EUR/USD erased partial losses and traded at 1.1471 levels, post the PMI data release...
Have oil prices bottomed out? That's a question the answer to which is worth billions of dollars. So far, oil prices have jumped around 20 per cent after hitting a five-year low in mid-January...
The AUD/USD pair has recovered most of its losses triggered by the surprise interest rate cut by the Reserve Banks of Australia (RBA) see in the previous session. Gains capped at 10-DMA The recovery seen in the AUD/USD pair was halted near the 10-DMA located at 0.7830 levels...
Valeria Bednarik, Chief Analyst at FXStreet, notes that today’s expectedly strong UK Markit Services PMI might support GBP/USD, expecting a break above the immediate resistance at 1.5220 to lead the pair higher towards 1.5250 levels...
Crude prices in the US snapped a four day rally as concerns of excess supply resurfaced after a report in the US showed a rise in weekly inventory. Crude trades above 50-DMA Crude prices continue to trade above the 50-DMA located at USD 51...
The Danske Bank Research Team, mentions that the further rise in oil prices led S&P 500 to register a gain of 1.4%, with energy stocks recording the biggest gains...
Analysts at UOB Group, view the short-term outlook for GBP/USD as positive, with immediate risk being on the upside. Key Quotes “Despite improving short-term upward momentum, only a break above the key resistance at 1.5270 would indicate the start of a sustained mid-term recovery...
The EUR/USD pair trades dead flat as investors await services PMI reports across the Eurozone, while assuming Greek fears remain subdued. Stuck in a 30-pip range The pair has been restricted in a narrow range of 1.1483-1...
