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Russia's Real GDP Growth to Return to Positive Territory in Q2 2016 On a year-on-year basis, Russia’s real GDP shrank 1.2% in the first quarter, according to the data released recently...

USD/JPY Fades a Spike to 109.60; Yen Recovers Amid Risk-Off A renewed spurt of buying interest in the USD/JPY faded over the last hours, as the demand for yen resurfaced as the European stocks turned lower in sync with oil. USD/JPY fails once again above 109...

CBR Ready to Act – CBR’s Yudaeva First Deputy Governor of the Central Bank of Russia Ksenia Yudaeva has reiterated the central bank’s readiness to intervene in the FX markets in case of financial instability. She added that those interventions could be carried out without previous notice...

German Bunds Mixed on FED Rate Hike Expectations, Weak Risk Appetite The German bunds traded mixed on Wednesday after data showed better than expected U.S economic data and hawkish comments from Federal Reserve officials...

USD/JPY StillTtargets 109.70 – UOB The research team at UOB Group reiterated USD/JPY’s initial target at 109.70 in the next weeks. Key Quotes “USD touched a high of 109.64 yesterday, just below the 109.70 target”...

EUR/USD Forecast: Fresh Lows, More to Come The EUR/USD pair plummeted to a fresh three-week low of 1.1255, on the back of poor EU inflation data. In April 2016, EU annual inflation fell 0.2%, whilst monthly basis, inflation remained flat at 0.0...

EUR/GBP Potential ‘Head and Shoulders’ Pattern ahead? – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, suggested the likeliness that the cross could be developing a ‘Head and Shoulders’ pattern. Key Quotes “EUR/GBP after sitting all week just below the...

Risk-Off Grips Europe as Oil Retreats, FTSE Ignores UK Jobs The sentiment on European stock markets remained largely subdued this Wednesday, with the renewed weakness in oil prices triggering a fresh bout of risk-aversion across the markets...

Oil Drops to $48.00, Eyeing Weekly Inventory Data and FOMC Minutes After rising to a seven-month high on Tuesday, WTI crude oil futures fell to $48.00/barrel mark on Wednesday ahead of the looming official EIA's crude oil inventories data. On Tuesday, the black gold rose to $48...

EUR/USD Drops Further Post-EMU Data The shared currency is now accelerating its downside, sending EUR/USD to the 1.1260 area...

FxWirePro: BTC/USD Struggles to Close Above $470, Good to Sell on Rallies Major resistance -$470 (Apr 26th 2016) BTC/USD has slightly recovered from the low of $451 yesterday. It is currently trading around $453.79...

GBP/USD Forecast: Unmotivated by Mixed UK Data The American dollar traded generally higher across the board at the beginning of this Wednesday an ahead of the FOMC Minutes, although the GBP/USD pair held within a tight range ahead of the release of UK employment data, which resulted overall mixed...

Sell the Rallies in USD/CAD – Westpac Strategists at Westpac have recommended selling the pair on upticks to the 1.3000 mark. Key Quotes “Oil price gains leaving CAD in its wake, the former suggesting USD/CAD is more fairly valued nearer 1.25 whereas USD/CAD if anything is threatening 1.30...

ECB’s Villeroy: If Required by Brexit, ECB Ready to Act If Call On Additional comments crossing the wires from ECB governing council member Villeroy: Monetary policy to boost inflation by 0...

Rallies in EUR/USD to Find Resistance at 1.1465/95 – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerbank, sees bullish attempts in EUR/USD facing the initial resistance in the 1.1465/95 region. Key Quotes “Rallies are expected to remain muted (initial resistance at 1...

EUR/GBP Muted Reaction to UK Jobs Data, awaits EU CPI Print The EUR/GBP pair broke through 0.7800 handle after the release of UK employment figures that portrayed better-than-expected picture of the UK labor market...

GBP/USD Points to Rangebound Between 1.4300 and 1.4550 – UOB The research team at UOB Group expects GBP/USD to trade in a 1.4300-1.4550 range in the next 1-3 weeks. Key Quotes “GBP touched a high of 1.4524 but eased off quickly...

GBP/USD Ignores UK Data, Drops to 1.4420 A brief knee-jerk following UK releases saw GBP/USD reaching 1.4450/55, although the up move proved to be short-lived. GBP/USD offered despite upbeat results After dipping to the area of 1.4420, spot has managed to regain 1...

Brexit: Is Hope a Strategy? – Greenwich Associates Research Team at Greenwich Associates, suggests that as the world moves closer to the U.K referendum on continued EU membership on June 23, what once seemed a remote possibility now seems increasingly likely—or at least possible...

Iron Ore, Steel Price Jumped Thanks to China Iron ore and Steel had their best rally in years, till April, where iron ore prices rose more than 70%, from their December bottom and Steel price rose from Yuan 1580 per ton in December, last year to Yuan 2870 per ton in April...