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Andrius Kulvinskas
게재된 포스트 Crude likely to decline as supply concerns resurface
FXStreet Editor and Analyst, Omkar Godbole, views that WTI Crude might resume its fall on supply concerns, expecting today’s numbers to show an increase in supply by 3.7 million barrels, adding to the 6 million barrels increase already reported by the API...
Andrius Kulvinskas
게재된 포스트 EUR/USD bounce capped by 1.1460
The shared currency remains in the red territory today with bullish attempts in EUR/USDbeing so far limited by the 1.1460 area. EUR/USD eyes on ADP, US data The pair continues to trade in the mid-1...
Andrius Kulvinskas
게재된 포스트 Had A "Fruitful" Meeting With Draghi – Greek Finance Minister Varoufakis
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...
Andrius Kulvinskas
게재된 포스트 USD/CAD set to move towards 1.28
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...
Andrius Kulvinskas
게재된 포스트 Multiple Fed hikes might be in the picture
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...
Andrius Kulvinskas
게재된 포스트 Oil tanks 3%, cautious ahead of EIA inventories report
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...
Andrius Kulvinskas
게재된 포스트 Gold extends gains after China cut reserve requirement rate
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...
Andrius Kulvinskas
게재된 포스트 AUD/USD pops on China rate cut news
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...
Andrius Kulvinskas
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...
Andrius Kulvinskas
게재된 포스트 EUR/USD could resume its decline in H1
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”...
Andrius Kulvinskas
게재된 포스트 EUR/USD recovers from lows post Euro Zone PMI
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...
Andrius Kulvinskas
게재된 포스트 AUD/USD recovers from a rate cut slump
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...
Andrius Kulvinskas
게재된 포스트 GBP/USD might move towards 1.5250 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...
Andrius Kulvinskas
게재된 포스트 WTI Crude ends four-day rally as concerns of excess supply resurface
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...
Andrius Kulvinskas
게재된 포스트 Rising oil pushes energy stocks higher
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...
Andrius Kulvinskas
게재된 포스트 GBP/USD short-term outlook positive – UOB Group
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...
Andrius Kulvinskas
게재된 포스트 EUR/USD awaits services PMI data across the Eurozone
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...
Andrius Kulvinskas
게재된 포스트 Gold inches higher ahead of the European session
Gold prices inched higher on signs of weakness in the European equities even though Greek fears continue to subside. Safe haven demand may return on weak European equities The metal may see a rise in safe haven demand as the major European equity futures are trading in the red...
Andrius Kulvinskas
게재된 포스트 GBP/USD steadies ahead of UK data
GBP/USD pared previous gains and steadied above 1.5150 levels as traders now await UK Service PMI reading which may beat market estimates following previous upbeat PMI reading from the UK. Sustains above 1.5150 The GBP/USD pair traded flat at 1.5156 levels, retreating from day’s high posted at 1...
Andrius Kulvinskas
게재된 포스트 EUR/USD likely to retest 1.1535 levels
FXStreet Editor and Analyst, Omkar Godbole, expects EUR/USD might make another move towards its previous high at 1.1535 levels, with technicals supporting this view. Key Quotes “The pair witnessed an upside breakout from the trading range to test 1.1535 levels, before finishing at 1.1482 levels...