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Silver prices advanced today to trade above the 50-DMA located at USD 16.797/Oz levels. Prices stuck between 5-DMA and 10-DMA The metal is currently trading between the 5-DMA and the 10-DMA located at USD 16.882 and USD 17.075 respectively...
Analysts at Deutsche Bank see a positive outcome in the debt Greek situation will have to wait for the time being...
Senior Analyst Jens Pedersen at Danske Bank remarked the recent assessment of the ECB’s QE programme by the G20...
Gold prices on Comex steadied in the mid-European session, hovering near highs, as traders remain wary ahead of Euro group meeting on Greece. Greece in focus Currently, gold trades higher by 0.40% at 1237levels, having posted daily highs at 1238.70 levels earlier in the day...
The New Zealand dollar rose against its U.S. peer on Wednesday, but gains were seen limited as market players were concerned over Greece's future in the euro zone...
The warehouse stocks data released daily by the London Metal Exchange (LME) showed a drop in the inventory levels of Copper, Zinc, Aluminium and Nickel, while Lead stocks increased. Copper stocks decreased by 750 tonnes, while Nickel inventories also declined by 72 tonnes...
According to Westpac, RBA might cut rates by 25bp in its March meeting, with the inflation outlook posing no barrier for any easing. Key Quotes “The RBA confirmed the end of the “ period of stability in interest rates” in Feb with a 25bp cash rate cut, to 2.25...
On Wednesday gold edged up as the dollar took a breather after recent gains and as financial markets were jittery regarding Greece's future in the euro zone...
The AceTrader Team shares that as long as USD/CHF holds above 0.9176, the pair remains a buy on dips towards 0.9313. Key Quotes “Despite dlr's retreat fm last Mon's 0.9347, as long as 0.9167 (prev. res) holds, outlook remains supportive for further headway to 0.9446, being 61...
Chinese telecom device maker Huawei announced in Xi'an that the company has completed the construction of a network functions virtualization open lab with an initial investment of over USD5 million...
The eFXnews Team shares Barclays' view that Friday’s speech of RBA Governor Stevens' speech is likely to be dovish, raising the prospects of a further rate cut by the central bank...
On Wednesday Brent crude was stable above $56 a barrel. U.S. crude climbed more than $1, after a smaller-than-expected rise in U.S. crude stocks was viewed by some as a sign that a supply surplus was starting to decline...
The tech giant has become the first company to reach a market value of $US700 billion, as news of its gains in the smartphone market and soon-to-arrive smartwatch boosted its shares...
Analysts at Danske Bank, explain that leading indicators suggest that growth in euro area is picking up. Key Quotes “In the euro area, leading indicators across the board suggest that growth is picking up.” “The OECD leading indicator has improved for several months...
USD/JPY maintained its upside momentum in the European morning and wavered near fresh monthly highs after upbeat US jobs data continues to support the greenback. USD/JPY eyes 120 mark Currently, the USD/JPY traded higher by 0.11% at 119...
For today R4 - 0.7942 / R3 - 0.7907 / R2 - 0.7877 / R1 - 0.7842 SPOT 0.7777 S1 - 0.7723 / S2 - 0.7665 / S3 - 0.7627 / S4 - 0.7580 LONG AT .7773 FOR .7942, STOP AT .7723...
On Wednesday the Aussie dollar traded nearly flat in Asia on a mix of upbeat housing data and consumer sentiment but as investors focused on Greece, and China data ahead...
“USD/JPY has broken higher from its converging range and despite strong overhead resistance we will simply go with this break”, notes Commerzbank Analyst, Karen Jones in her report...
Karen Jones, Head of Technical Analysis at Commerzbank, gives the technical setup for EUR/CHF and USD/CHF. Key Quotes “EUR/CHF last week rallied to, tested and held below the 1.0600/70 region – this is the 61.8% retracement of the sell off.” “It is increasingly likely that 1.0670 (61...
Oliver Harvey, Macro strategist at Deutsche Bank, reviews the G10 currencies based on technical measurements to determine which one are the most favourable to trade, noting that while AUD/USD is the most trending currency, the pair appears very stretched from both RSI and RR measures...
