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In the opinion of analysts at UOB Group, the developments from Greece will be the main focus of attention ahead in the week. Key Quotes “The focus remains on Greece, with the Eurogroup expected to discuss the issues on Wednesday ahead of a European Council meeting at the end of the week”...
Below are listed the events which can influence markets this week: Tuesday, February 10...
Talking Points: GBP/USD Technical Strategy: Flat Support: 1.5180, 1.4980, 1.4750 Resistance: 1.5322, 1.5551, 1.5737 The British Pound pulled back from resistance at the top of a falling channel guiding the down trend against the US Dollar since mid-September. A daily close below the 14...
Talking Points: EUR/USD Technical Strategy: Flat Support: 1.1318, 1.1185, 1.0970 Resistance:1.1533, 1.1659, 1.1832 The Euro is stalling after rising against the US Dollar as expected having produced a bullish Morning Star candlestick pattern. Near-term support is at 1.1318, the 14...
Randgold Resources Ltd posted a 17 percent fall in 2014 profit, hurt by lower gold prices, but said it would increase its final dividend by 20 percent...
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On Monday Bank of England Governor Mark Carney said that he was worried about financial reform fatigue globally. The announcement came on the eve of a meeting of G20 finance ministers and central bankers...
Valeria Bednarik, Chief Analyst at FXStreet, notes that GBP/USD might move towards 1.5320/40 levels on a break above 1.5270 levels. Key Quotes “The pair found support in the 38.2% retracement of its latest bullish run measured from 1.4987 to 1.5351 around 1...
James Knightley, Senior Economist at ING, comments that the swings in oil prices and demand are pouring unnecessary confusion in the UK economy’s growth story as the current oil related deficit was only due to the large buildup in inventories due to low prices...
While the S&P 500 stands close to record highs, investor sentiment's serene facade is starting to crack As volatility measures trend higher, the Oil volatility index has surged these past months A comparison of 'risky' assets to traditional 'safe havens' is the most common approach, but the a...
On Monday the Australian dollar traded lower against its U.S. peer, impacted by mixed Australian job advertisement data. Demand for the greenback remained underpinned by Friday's strong employment report...
FXStreet Editor and Analyst, Omkar Godbole, views that the EUR/USD pair is unlikely to sustain gains above 1.1345, with the pair likely to test 1.1303 levels. Key Quotes “The EUR/USD pair is struggling to rise above 1.1340 levels, after having ended lower on Friday at 1.1319 levels...
Greek Prime Minister Alexis Tsipras revealed plans to undo several austerity measures which compiled a condition of Greece’s international bailout, putting his new government on a path of confrontation with its European partners...
Gold prices recovered marginally to USD 1240/Oz levels after the Chinese trade data showed further economic weakness in China. Gains capped by strong USD The yellow metal recovered from the Friday’s closing of USD 1234.2/Oz after the data in China showed showed China's exports falling 3...
According to FXStreet Editor and Analyst, Omkar Godbole, the GBP/USD pair is likely to test 1.5221 levels, with technicals supporting the bearish view. Key Quotes “The GBP/USD pair ended lower on Friday at 1.5236 after having failed to extend gains above the 10-week SMA...
Brian Mangwiro of RBS, shares the CFTC positioning of currency futures as of 3rd February, noting that specs are still long USD, with heavy shorts on EUR, AUD and CAD. Key Quotes “USD (DXY) longs rose ~1k to 71.6k (record high is 73.1k).” “Euro shorts continue to surge; rose another 11...
EUR/USD keeps the trade in the vicinity of 1.1320/30, recovering ground after a negative start in sub-1.1300 levels. According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair “spent much of last week consolidating just below the initial retracement level at 1.1520 (23...
Imre Speizer of Westpac views that NZD/USD momentum remains negative, and although it has fallen sharply since mid-July (-9%), there’s nothing to halt a further push to 0.7120 during the weeks ahead, and possibly even lower...
WTI Oil futures on Nymex remained lifted on news that the number of rigs drilling for oil in the US fell to the lowest level since December 2011. Eyes USD 53/ barrel Currently, WTI oil trades 0.46% higher at USD 51.93/ barrel, retreating from fresh session lows posted at 51...
Hangzhou-based Alibaba Group Holding Ltd. will acquire a stake in Meizu, a Chinese smartphone maker, as it looks to expand its presence in mobile technology...
