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Gold prices struggle to extend gains despite a fall in the US Treasury yields post a weaker-than-expected US retail sales data and a rise in the weekly initial jobless claims figure...
On Thursday oil prices rebounded more than $1 to $56 a barrel, after a two-day decline, as a weakened dollar and industry spending cuts offset fears of a supply glut. The agreement to halt months of deadly fighting in Ukraine also weighed...
Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, notes that EUR/USD trades within its multi-week range, in need of a catalyst for further direction. Key Quotes “The focus has been the cease fire agreement in Ukraine combined with the outlook and potential paths for Greece...
On Thursday the dollar edged lower against its counterparts, after the release of weak U.S. retail sales and jobless claims data. At the same time, fears over Greece's bailout crisis continued to drive safe-haven demand...
Shares of First Solar surged nearly 5% on the news and continued to rise in the after-hours trading session; Apple, too, saw its stock gain on the news, closing for a 1.9% gain and a market cap above $700 billion...
Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, notes that the short-term technicals for USD/CAD are mixed, as the pair trades stronger, but within its multi-week 1.2314-1.2799 range. Key Quotes “CAD is stronger, up 0.6% but trading at the midpoint of its multi week range of 1...
Settlement of the anti-trust dispute with Chinese regulators appears to be only the beginning of Qualcomm's woes, as mobile chipmaker now faces a new investigation into its business practices in South Korea...
The Growth Aces Research Teamcomments on BOE’s inflation report and Carney’s statement, and further shares the trade setup for GBP/USD. Key Quotes “The Bank of England revised up its growth forecasts and predicted wages would grow faster...
After bottoming out in the vicinity of 0.7640, AUD/USD managed to gather traction and advanced to the boundaries of 0.7700 the figure. AUD/USD depressed by data, focus on Stevens The pair is extending the weekly decline today, remaining in the area of multi-year lows around the mid-0.7600s...
Pernille Bomholdt Nielsen, SeniorAnalyst at Danske Bank, forecasts eurozone Q4 GDP to print an above consensus (0.2% qoq) figure of 0.4% qoq, aided by a probable high growth in private consumption. Key Quotes “Euro GDP growth for Q4 is due for release on Friday...
EUR/USD keeps intact the congestive pattern around the 1.1350 area on Thursday, stabilizing after recent tops above the 1.1500 handle. EUR/USD focus on US data The pair remains sidelined and keeps ignoring the headlines from Greece, following the recent failure in the EU-Greece debt negotiations...
On Thursday Sweden’s central bank cut its main interest rate into negative territory for the first time and announced a bond-buying program, joining a widening group of central banks trying out unconventional measures to battle low inflation...
Risk sentiment has been broadly stable, regardless of EU Finance Ministers not agreeing on a common approach when it comes to Greece. According to Eurogroup Chairman Dijsselbloem not enough progress was made in order to come to joint conclusions...
USD/CAD shaved-off previous and dropped during the European session as the USD bulls took a backseat amid rising oil prices which boosted the loonie. Back below 1.2600 levels Currently, the USD/CAD edged lower by -0.57% at 1.2559 levels, having posted fresh session lows at 1...
James Knightley, Senior Economist at ING, reviews BOE’s inflation report, and comments that the central bank has expressed willingness to expand its QE or cut bank rates from current 0.5% level on any downside threat to inflation...
Possible Parice pattern for next week breakout will bring more upside will confirm start of Wave 5 ..towards $63 where Price will tend to drop after U.S supply news...
The buying interest is growing bigger around the sterling on Thursday, boosted by the hawkish tone struck by Govenor M.Carney in today’sQuarterly Inflation Report...
Mark Carney, Bank of England's governor, has cautioned that interest rates may rise earlier than the City expects, although the Bank of England expects that inflation will become negative for the first time in more than half a century, The Guardian reports...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, AUD/USD, and USD/CAD. EUR/USD: has been choppy on uncertainty around Greece. The pair overnight traded up to 1.1353 on news that Greece will stay in EU bailout program but slipped back to 1...
On Thursday the International Monetary Fund said it would provide a new four-year $17.5bn bailout for Ukraine that is expected to lead to a restructuring of Kiev’s privately-held debts so that it can shore up its public finances, Financial Times reports...
