The stock markets in the US are likely to open higher, after a lackluster performance in the previous session that was widely attributed to a sharp fall in oil price. At the time of writing, the DJIA futures traded 0.61% higher at 17,673.50 levels, while the S&P futures traded 0...
On Thursday the dollar remained lower against the other major currencies, as a disappointing U.S. trade balance report weighed...
Jane Foley, Senior Currency Strategist at Rabobank, places the pair in the area of 0.7000 on a 12-month horizon. Key Quotes “The value of AUD/USD may have fallen sharply since July 2014 but Australia’s effective exchange rate has shown less movement”...
Sabine Schels, Commodity Strategist at BofA-Merrill Lynch, explains that unless oil production guidance for 2015 goes negative or Saudi Arabia changes its policies, WTI and Brent may fall to $32/barrel and $31/barrel respectively by the end of Q1 2015...
The European Central Bank’s (ECB) chief economist Peter Praet said today that the European Central Bank’s (ECB) simply applied rules as it decided to end its exemption from credit requirements for Greek bonds...
On Thursday the dollar dropped against the other major currencies, as market sentiment recovered from news the European Central Bank will no longer accept Greek government bonds from banks seeking funding and investors eyed U.S. data due later in the day...
The Brown Brothers Harriman Team shares that Greek bonds yields have climbed sharply and stocks have fallen by around 5.5% post ECB’s decision to curtail liquidity to Greek banks. Key Quotes “Following the election results, Syriza came out swinging...
The European Commission (EC), in its winter forecasts, upgraded its Eurozone growth forecasts for 2015, while predicting growth for every country in the EU in 2015 for the first time since 2015. The EC raised its 2015 GDP forecast to 1.3% this year from the 1.1% seen in November and to 1...
The Crude prices in the US steadied post 9% losses seen in the previous session as supply concerns resurfaced after the data showed inventories in the US rose to record highs...
Market Brief EUR complex was hit hard by the news that the ECB would take a further hard stance on Greece. ECBs Governing Council lifted the current waiver of a minimum credit rating requirements for debt instruments issued by Greece...
On Thursday European equities traded lower in morning trade, after the European Central Bank (ECB) put more pressure on Greece to come to an agreement with its lenders over the future of its bailout program...
The Investec Team comments that ECB’s decision to restrict funding to Greece by banning the use of junk-related Greek government bonds as collateral is actually a measure to protect the central bank from any potential losses out of a greek debt restructuring...
According to KBC Bank, ECB’s decision to stop liquidity assistance to Greek banks increases the risk of a bank default and a possible Grexit...
Gold traders may have noticed the highs getting lower on the charts while at the same time the lows are getting higher. This is leading to a squeeze in the price of gold that will likely result in a breakout and a strong move either way...
For the 24 hours to 23:00 GMT, the AUD weakened 0.25% against the USD to close at 0.7758. Yesterday, a global investment bank downgraded Australia’s economic growth prospects and projected that the RBA would again cut its benchmark interest rate in May...
The European Central Bank’s (ECB) Peter Praet, in an interview with Les Echos, said the current rate of the EUR/USD better reflects the economic situation in the Eurozone than it did previously. Mr...
On Thursday the Australian share market has reached its longest winning streak in more than 11 years, with the financial sector driving its latest day of gains. The market climbed by almost 0...
Adyen, the leading technology provider powering payments for global commerce in the 21st century, announces that it has integrated with the world’s leading Bitcoin payment processor BitPay...
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...
