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The stock markets in the US extended the risk-off sentiment seen in the Asian and European equities after a weak china data renewed growth concerns and led to a fresh sell-off in oil/commodity prices. At the time of writing, the Dow Jones Industrial Average (DJIA) was down 0.90% or 153 points...
The stock markets in the US extended the risk-off sentiment seen in the Asian and European equities after a weak china data renewed growth concerns and led to a fresh sell-off in oil/commodity prices. At the time of writing, the Dow Jones Industrial Average (DJIA) was down 0.90% or 153 points...
The stock markets in the US extended the risk-off sentiment seen in the Asian and European equities after a weak china data renewed growth concerns and led to a fresh sell-off in oil/commodity prices. At the time of writing, the Dow Jones Industrial Average (DJIA) was down 0.90% or 153 points...
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Chinkou Lagging Span is on the chart, Ichimoku Cloud is moving upwards (2), and the price is between Tenkan-Sen and Kijun-Sen...
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); all lines are directed downwards. Ichimoku Cloud is going down (2); Chinkou Lagging Span is below the chart...
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1), but the lines are getting closer to each other again. Ichimoku Cloud is heading up (2); Chinkou Lagging Span is below the chart...
Oil has plunged to multi year lows after OPEC in its meeting on Friday decided to stick to its policy of pumping record volumes, disregarding the global oil glut concerns. OPEC decided to produce closer to 31...
A weak China trade data, coupled with a sharp drop in crude prices to lowest since 2009 triggered a risk-off in the markets and led to a flight to safety. The US treasuries, one of the traditional safe haven assets, advanced today, pushing the yields lower. The benchmark 10-yr yield lost 1...
UBS banker Michael Stock was employed by the Credit Suisse. Michael Stock becomes the head of investment banking and capital markets for Australia and New Zealand...
The offered tone is not giving up on the Canadian dollar on Tuesday, now allowing USD/CAD to test fresh cycle highs near 1.3630 albeit easing some ground afterwards. USD/CAD boosted by oil slump The current drop of the West Texas Intermediate to multi-year lows in sub-$37...
Gold, a traditional safe haven asset, is the weakest today, despite the china-led risk-off in the European equities and US equity index futures. Gold ignores risk-off and weak USD index The metal currently trades 0.25% lower at USD 1073/Oz levels even though the USD index is down 0.27% at 98.47...
GBP/USD has extended losses below the 1.50 mark and hit fresh 5-day lows ahead of the NY opening as the pound faces renewed weakness following mixed results from UK’s manufacturing and industrial production. GBP/USD accelerated the fall and hit a low of 1.4955 before finding support...
On Tuesday Brent futures crashed to $39.8 a barrel and WTI futures fell down to $36.6 a barrel - the weakest levels in seven years. Previous prices at nearly $108 a barrel in June 2014 has finally wiped out in 2015. The Dow dropped 117 points yesterday, with the energy sector its biggest drag...
USDJPY: With price action remaining weak and vulnerable to the downside, USDJPY eyes further downside pressure. This price development is coming on the back of its failed attempts on the upside. While the pair holds below its key resistance zone at 123.66/74 levels, further weakness is likely...
The EUR/USD hit a fresh session high of 1.0890 as the S&P 500 futures dropped 1%, pointing to heightened China-led risk aversion ahead. Safe haven/funding currencies on the rise The risk-off is supporting gains in the safe haven/funding currencies like JPY, EUR. Both currencies are up 0...
ECB member Jens Weidmann said that he does not believe that further easing is necessary, adding that the Eurozone is far away from a deflationary spiral, Bloomberg reports...
According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the door could be open for a test of the 136.15 level. Key Quotes “EUR/JPY has eased back from the 4 month resistance line at 134.58 and very near term we would allow for some slippage to 132...
The Australian dollar has deepened losses versus a stronger greenback, with AUD/USD sliding below the 0.72 mark, also weighed by renewed softness in the commodity complex. AUD/USD has continued to back away from the 0...
The offered tone around CAD gathered pace in the early US session, pushing the USD/CAD to a fresh session high of 1.3606 as oil prices fell into losses...
