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According to James Knightley, Senior Economist at ING, with the ECB and BoC having eased policy, the RBA might cut rates 25bp given the weak commodity backdrop and a deteriorating outlook for investment. Key Quotes “At the December Reserve Bank of Australia meeting, the cash rate was left at 2...
For today R4 - 0.7405 / R3 - 0.7388 / R2 - 0.7348 / R1 - 0.7314 SPOT 0.7258 S1 - 0.7215 / S2 - 0.7181 / S3 - 0.7120 / S4 - 0.7000 SELL AT .7330 FOR .7120; STOP AT .7405...
The US dollar extended gains against the Canadian counterpart from a choppy Asian session, inching towards fresh six-year highs reached at 1.2798 levels in the last week. Eyes 1.2800 levels Currently, the USD/CAD pair traded higher by 0.23% at 1.2763 previously clocked intraday high at 1...
At 0330 GMT tomorrow (Tuesday 3rd Feb 2015) The Reserve Bank of Australia (RBA) will announce the official Cash Rate at it's first board meeting for the year...
European stocks rose Monday, as upbeat Spanish manufacturing data overweighed concerns over Greece's future in the euro zone...
The European Central Bank (ECB) board member Benoit Coeure, while speaking in Budapest, said that the ECN’s sovereign QE program buys time for Eurozone government’s to implement structural reforms...
In December Xiaomi became the world’s most valuable tech startup, worth $46 billion. Meanwhile, last week Apple said it sold a record 74.5m iPhones during the three months to December – the equivalent of 34,000 per hour – significantly ahead of forecasts that it would sell 65m...
The seasonally adjusted Markit Spain Purchasing Managers’ Index rose to 54.7 in January from 53.8 in December. According to the Markit survey, manufacturing production increased sharply at the start of the year, with the rate of growth picking up since December...
A leading Bitcoin company in Australia, DigitalBTC says that it has dissolved a supply agreement with cloud mining service CloudHashing...
The Danske Bank Research Team previews today’s Eurozone and US data releases. Key Quotes “Euro PMI manufacturing is due for release and the flash estimates in the periphery will attract most attention...
According to FXStreet Editor and Analyst, Omkar Godbole, the EUR/USD pair is likely to breach the channel support at 1.1286 levels and move lower to retest 1.1220 – 1.1240 levels. Key Quotes “The EUR/USD pair finished weak on Friday at 1.1299, well below the 5-DMA located currently at 1...
On Monday the Australian dollar continued its gains despite disappointing manufacturing data from China. In China, the HSBC January manufacturing PMI us came in at 49.7, lower than the flash estimate of 49.8...
NZD/USD steadied in the European morning, although trading in a very narrow range as market look for fresh triggers ahead of a slew of NZ data in the week ahead. Consolidates between 0.7246 - 0.7274 levels Currently, the NZD/USD traded flat at 0...
The sterling is posting marginal gains vs. the greenback at the end of the Asian trading hours, with GBP/USD hovering over 1.5070. GBP/USD eyes on PMI After a promising start, spot managed to clinch the 1...
EUR/USD defends mild gains in the early European morning, extending its consolidation phase around 1.13 handle from the last week as traders eye PMI readings from Euro area economies later in the session. EUR/USD stuck at 5-DMA The EUR/USD now recovers from fresh session lows and trades now at 1...
Karen Jones, Head of Technical Analysis at Commerzbank, gives the technical outlook for EUR/CHF and USD/CHF, noting that both the CHF pairs remain bid at current levels. Key Quotes “EUR/CHF is bid near term above 1.0080, and we continue to look for gains to the 1.0600/70 region – this is the 61...
EUR has paused the high speed downside which started in December. However the downside is still far from over. On H4, Daily, Weekly and Monthly the indicators are bearish and for now do not show any signs of correction. To start a correction we need a H4 close above 1...
According to the recent data, Chinese manufacturing weakened, sending Asian stock markets lower on Monday. Oil swung...
Gold prices on Comex steadied in early European morning, having posted its biggest monthly gain in three years on Friday after weaker-than expected US GDP data spooked the markets. Currently, gold trades higher by 0.10% at 1279.80 levels, retreating from 1285.40 levels hit on Friday last week...
GBP/JPY trimmed gains from the previous session, heading towards the European opening bells as the yen recovers partial losses versus the greenback. Back above 177 levels Currently, the GBP/JPY cross traded at 177.39 levels, up 0.21% on the day, moving away from day’s low posted at 176.50...
