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Analysts at Westpac view that AUD/USD has made a top around 0.7850/0.7900 and further weakness might resume for the pair towards 0.7500. Key Quotes “We remain of the view that the AUD has potential for further weakness to 0...
According to FXStreet Editor and Analyst, Omkar Godbole, the EUR/USD pair is likely to rise to 1.14 levels, with technicals supporting the bullish gains. Key Quotes “The EUR/USD pair fell to 1.1390 levels after breaching the hourly 50-SMA, then located at 1.1410 levels...
The Research Team at Standard Bank, notes that markets are seemingly prepared for BoE to keep rates on hold in today’s meeting, with rate-expectations pushed back by some months...
Today the euro remained more stable, after slipping the day before when the European Central Bank said it will no longer accept Greek bonds as collateral for its liquidity operations...
EUR/USD is back to the 1.1300 neighbourhood following markets disappointment over the progress in the Greek front, fading the recent spike to 1.1540...
The single currency is now recovering part of the deep pullback posted on Wednesday, with EUR/USD hovering over 1.1340/50. EUR/USD hurt by Greek rumours The pair has lost more than two big-figures since Tuesday’s tops around the mid-1.1500s...
The Research Team at Varengold Bank, views that NZD/USD has the scope to for a further upward movement in the future, with the pair continuing to decline since July and rebounding after making a new low at 0.7202. Key Quotes “After touching the resistance line at 0...
WTI Oil futures on NYMEX gave back gains from the early Asian session and resumed its slide below USD 48 as fears over a global oversupply returned to the oil market after record US stockpiles. Back below USD 48/ barrel Currently, WTI oil trades 1.44% lower at USD 47...
Southeast Asian stock markets trimmed gains on Thursday with the Philippine main index retreating from the previous day’s record close as a fall in crude prices overnight spurred selling in recently-rallying energy shares...
Prashant Newnaha, Asia-Pacific Macro Strategist at TD Securities, shares the market performance in the Asian trade, noting that USD’s G10 peers moved up, led by the AUD...
The TradeTheNews Team notes that the ongoing political transition in Greece, accompanied by ECB’s decision to restrict cash access to Greek banks halted the 2-day rally of euro. Key Quotes “Renewed concerns over the implications of political transition in Greece helped constrain a 2-day rally...
GBP/USD edged higher in the early European morning, extending gains for the third straight session as traders now focus on the Bank of England (BOE) meeting on rate decision due later today. Faces stiff resistance at 1.5214 levels The GBP/USD pair traded at 1.5206 levels, up 0...
Gold prices on Comex extended gains from the previous session and remained elevated, although in a tight range, as traders await fresh cues from the European session. Forms a Doji on the daily chart Currently, gold trades higher by 0.64% at fresh daily highs of 1272...
According to FXStreet Editor and Analyst, Dhwani Mehta, XAU/USD bulls might lead the pair higher if it sustains above 1270, expecting a break above 1272.20 to pave way for 1276.35. Key Quotes “Gold prices in terms of US dollar (XAU/USD) rebounded and closed on Wednesday at higher levels at 1272...
The Research Team at UOB Group views that with a strong support at 1.5100, the positive tone remains for GBP/USD for the next few days. Key Quotes “As indicated in yesterday’s update, a clear break above the key level of 1.5270 is unlikely.” “The sharp drop from the overnight high of 1...
For today R4 - 0.7995 / R3 - 0.7942 / R2 - 0.7907 / R1 - 0.7852 SPOT 0.7792 S1 - 0.7710 / S2 - 0.7665 / S3 - 0.7627 / S4 - 0.7580 LONG AT .7773 FOR .7942, STOP AT .7710...
“The older I get, the more I realize the truth is the simpler the food, the more exceptional it can be...
According to Deutsche Bank, the current consolidation of Gold might resolve to the upside towards $1329.00/31.00 as long as it remains above $ 1244.00...
Emmanuel Ng of OCBC Bank, views the near-term risks for AUD/USD towards 0.7720 levels. Key Quotes “With the RRR cut by PBOC granting little lasting buoyancy for the AUD-USD on Wednesday, the subsequent EUR jitters and renewed commodity softness saw the AUD-USD sinking back below 0.7800...
Nomura expects the US NFP to cone at a net new 230k jobs to be added to the US economy in January. Key Quotes "We expect the Bureau of Labor Statistics (BLS) to report on Friday, 6 February, that a net new 230k jobs were added to US nonfarm payrolls in January...
