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USD/CAD Hits Fresh Weekly Lows as CAD Tracks Oil Gains USD/CAD fell sharply to fresh weekly lows dragged down but a stronger Canadian dollar, which benefited by an unexpected drop in US oil inventories. According to the Energy Information Administration, US crude oil inventories fell by -3...
US: Slower Start, Less Rate Hikes - Wells Fargo The new outlook for the US economy, pushed analysts from Wells Fargo to scale back on their expectations about the timing of the Federal Reserve rate hikes...
FxWirePro: AUD/USD Intraday Upside Momentum Strong After Oil Prices Rally The AUD/USD inched higher on Wednesday, as commodity currencies strengthened across the board after oil prices rose sharply towards $45 per barrel. The pair hit high at 0.7380, after finding buying interest around 0...
EUR/CHF: We Expect Gradual CHF Depreciation - Lloyds Analysts from Lloyds Bank expect a gradual depreciation of the Swiss franc and EUR/CHF to end the current year around 1.11. Key Quotes: “Over the past month, the Swiss franc has fallen by around 3% against the euro, pushing EUR/CHF above 1.10...
USD/CHF Drops to Test 0.9700 The Swiss franc is rising against the US dollar, recovering after trading yesterday at the lowest level in two weeks. USD/CHF printed a fresh low during the American session at 0.9699 and currently trades at 0.9704/08, down 50 pips for the day so far...
Oil Rallies After EIA Reports Drop in US Stockpiles Oil prices turned higher and spiked to fresh highs near $46.00 a barrel, after the US Energy Information Administration (EIA) reported crude oil inventories unexpectedly dropped last week...
USD/JPY Hits Fresh Daily Lows as Sentiment Deteriorates USD/JPY fell briefly below 108.50 and posted fresh daily lows as the dollar weakened across the board while the yen benefitted from worsened market sentiment. USD/JPY bottomed out at 108...
US Stocks Open Lower on Disappointing Earnings and Drop in Crude Oil Prices Major US equity indices opened lower on Wednesday as disappointing earnings and a minor weakness in crude oil prices weighed on investor sentiment...
In 1870, John D. Rockefeller founded the Standard Oil Company that became the largest monopoly in the petroleum industry. After 135 years, in the fall of 2014, Rockefeller’s heirs called off their investments in fossil fuels...
U.S. Government Bonds Flat ahead of 30-Year Auction The U.S. Treasuries were left relatively unchanged on Wednesday during a quiet session that saw few economic releases of note. The yield on the benchmark 10-year bonds held unchanged on the session, staying near to 1...
EUR/USD Stretches to Fresh Highs as Dollar Pulls Back EUR/USD rose through the 1.14 mark and stretched to fresh 5-day highs at the beginning of the American session, with the move mostly driven by USD profit taking. EUR/USD climbed to its highest level since last Friday at 1...
EUR/GBP Scales Through 0.7900 Handle, Eyeing 0.7925 Resistance The EUR/GBP pair maintained its bid tone on disappointment from UK industrial production data and has now moved past 0.7900 handle to currently trade near day's peak at 0.7907...
GBP/USD Continues to Struggle at Ascending Trend-Channel Resistance The GBP/USD pair's recovery from day's through level of 1.4394 gained momentum but failed to lift the pair beyond a short-term ascending trend-channel resistance, near day's peak level of 1.4467...
AUD/USD Bounces Off 100-Day SMA, Revisits Daily Highs AUD/USD advanced to retest daily highs at the beginning of the New York session in a bout of dollar selling, with nothing behind the move other than profit taking...
Analysis : Channel Up identified at 11-May-04:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 106.42 within the next 2 days. Supporting Indicators : RSI above 60 Resistance Levels...
UK: Weaker Growth - Rabobank Jane Foley, Research Analyst at Rabobank, suggests that the UK economy has collected a hefty helping of nasty headlines this week...
EUR/JPY Turns Flat, Reclaims 124.00 Level The EUR/JPY pair witnessed a sharp up-move in the last hour, lifting the pair back above 124.00 handle to currently trade at 124.20, nearly unchanged from yesterday's close. Earlier on Wednesday, the pair dropped to 123...
Gold Climbs Above $1275, Benefiting from USD Weakness A fresh bout of weakness across global financial markets is assisting Gold recovery for second day running, lifting the metal back above $1275 level...
EUR/USD Attempts to Consolidate Above 1.1400 EUR/USD is staging a mild recovery on Wednesday, having reversed completely previous day’s losses, amid a weaker greenback across the board...
