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Greece moved one step closer to a euro exit after the euro zone’s finance ministers said there will be no more talks on financial support unless the Greek government requests an extension of its existing bailout program...
Gold traded lower on Tuesday, despite the Empire State report showing that the New York Federal Reserve’s index of manufacturing conditions improved at a weaker rate than expected in February...
Why are economic events important to currency traders? A currency is a proxy for the country it represents, therefore the economic health of that country is priced into the currency. Economic indicators measure the health of an economy...
On Tuesday the greenback remained lower against the other major currencies, as the release of pessimistic manufacturing data from the New York area added to worries over the strength of the U.S. economic recovery...
European stocks regained ground after an earlier drop Tuesday, but gains were limited due to uncertainty about Greece’s future in the eurozone after key debt talks fell apart...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, and AUD/USD. EUR/USD: is still flipping around in the 1.1000-1.1550 range with the Greece impasse continuing. The pair is finding it extremely difficult to even break through 1.1250-1.1500...
After metals such as Gold and Silver recorded unexpected gains towards the latter end of last week, there are some indications the bullish momentum is beginning to slow. Since smashing its way to $17.40, Silver appears to be at risk to dropping back below $17 after pulling back to $17...
In a new report, Bank of America Merrill Lynch Global Research warned that it sees a “non-negligible” risk that China’s government will surprise the market by slashing the value of its currency...
On Tuesday the euro was higher against the dollar after data showed that German economic confidence improved to a one-year high this month. The deadlock between Greece and the euro zone on the country’s bailout continued...
In the aftermath of the report showing Britain's inflation has fallen to 0.5%, we should again ask ourselves whether inflation is good or bad for an ordinary consumer...
Talking Points: EUR/USD Technical Strategy: Flat Support: 1.1276, 1.1185, 1.0970 Resistance:1.1533, 1.1659, 1.1832 The Euro continues to stall having carved out a bottom against the US Dollar as expected after showing a bullish Morning Star candle pattern. Near-term resistance is at 1...
The British currency declined against the U.S. dollar on Tuesday, after data showed that consumer price inflation in the U.K. slowed to a record-low in January, though sentiment on the greenback remained fragile after a recent string of downbeat U.S. economic reports...
Gold prices slid after struggling to extend gains during the Asian session despite Greek impasse and weakness in the European stocks...
For today R4 - 1.5500 / R3 - 1.5486 / R2 - 1.5463 / R1 - 1.5441 SPOT 1.5360 S1 - 1.5339 / S2 - 1.5319 / S3 - 1.5300 / S4 - 1.5265 BUY AT 1.5325 FOR 1.5500; STOP AT 1.5265 How to trade support & resistance levels...
Inflation in the UK is predicted to fall to its lowest level in at least 25 years as the dramatic drop in oil prices and the supermarket price war drag down the cost of living. The report due to be released on Tuesday at 9...
Python for Finance: Analyze Big Financial Data by Yves Hilpisch The financial industry has adopted Python at a tremendous rate recently, with some of the largest investment banks and hedge funds using it to build core trading and risk management systems...
Talking Points: EUR/USD Technical Strategy: Flat Support: 1.1276, 1.1185, 1.0970 Resistance:1.1533, 1.1659, 1.1832 The Euro continues to stall having carved out a bottom against the US Dollar as expected after showing a bullish Morning Star candle pattern. Near-term resistance is at 1...
GBP/USD Technical Strategy: Long at 1.5373 Support: 1.5287, 1.5194, 1.4980 Resistance: 1.5551, 1.5737, 1.5923 The British Pound looks poised to advance against the US Dollar after taking out resistance marked by the top of a channel in play since mid-September. Near-term resistance is at 1...
Allegation of corruption at the aircraft engine-maker Rolls-Royce spread to Brazil, adding to the woes of a group that is already involved in a Serious Fraud Office (SFO) investigation into bribery claims in China and Indonesia...
