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Risk sentiment improved of late, regardless of the IMF warning that a prolonged period of slow growth has left the global economy more exposed to negative risks...
BoC Decision Preview: What to Expect of USD/CAD? The Bank of Canada (BoC) will announce its monetary policy decision at 14:00GMT and it is widely expected to keep rates on hold at 0.50% this month...
USD/CAD Cautiously Bearish – Scotiabank In view of Eric Theoret, FX Strategist at Scotiabank, USD/CAD's outlook remains tilted to the bearish side. Key Quotes “Trend and momentum indicators are decisively bearish”...
The British pound has not flinched against the euro on news that the Leave camp has no grown bigger than the Remain In camp with pollsters ICM. Their latest polling data shows the Remain In vote stands at 42% while Leave is at 45%. Undecideds are at 12...
FXWIREPRO: BTC/USD Faces Strong Resistance at $428, Good to Buy at Dips. Major Resistance - $428 BTC/USD has slightly retreated after making a high of $426.67. It is currently trading around $424. Short term trend is slightly bullish as long as support $400 holds...
We think today’s BoC meeting could see a meaningful change in narrative, with the first upward revision to 2016 growth in almost a year. The improved outlook stems from two sources...
Testing on a real tick story - EURUSD,H1 Broker: OctaFX (true ECN execution without requotes, without commission) 1. Testing with optimized parameters on EURUSD,H1 (2015.07.01 - 2016.01.01): Optimization Report s7_Hunter_bot...
Gold Recovers to Hourly 100-MA After US Data Moderate weakness in the US dollar following a dismal US retail sales release saw gold prices recovery to hourly 100-MA level of $1247.50. Trades above 50% Fibo Prices rose to $1248.89 before falling back to trade just above $1245.37 (50% of 1283-1207...
API Reports Surplus, While WTI Awaits EIA Report - Calls Updated WTI is trading at key resistance area at $41.5/barrel...
US Retail Sales Fail to Pick Up Momentum in March - ING Rob Carnell, Chief International Economist at ING, notes that the US retail sales fall 0.3% mom in March, while the "core" rises only 0.1% mom...
FXWIREPRO: Cyclical Effects Between Uk Inflation-Brexit- BoE- GBP The inflation continues its global trend higher with UK and Sweden following the preliminary German and EU reads higher. U.K. Consumer prices went up 0.5% YoY in March of 2016 which is on track of BoE's target of 2%, following a 0...
GBP/USD Trade Idea Major Support – 1.4185 (200 day MA) Cable has recovered yesterday after making a low of 1.41965 (near 200 HMA) .It is currently trading around 1.42391. Intraday trend is slightly bullish as long as support 1.4185 holds. Any break below 1.4185 will drag the pair down till 1...
US Dollar Near 94.50, Off Highs Post-US Data The greenback, tracked by the US Dollar Index, has lost some momentum following the release of US data, leaving behind session highs near 94.70...
GBP/USD –Confluence of Resistance Intact Despite Weak US Data GBP/USD failed to take out confluence of technical resistance around 1.4250 (hourly 50-MA+ 50-DMA + 1.4252-38.2% of 1.4669-1.3835) despite dismal US retail sales release. Hovers around 1.4240 Prices clocked a post data high of 1...
While bank regulation and supervision are the two main components of banking policy, the difference between them is often overlooked and the details of supervision can appear shrouded in secrecy...
Technical Analysis of Silver for April 13, 2016 Technical outlook and chart setups: Silver is pulling back after hitting fresh highs at $16.20 levels yesterday. The metal is seen to be trading at $16.00 levels at this moment, and looking to drop lower towards at least $15...
USD/JPY Back to 109.00 on Poor US Data The upside in the greenback lost some momentum following US data, with USD/JPY returning to the 109.00 neighbourhood. USD/JPY down from 109.40 The pair has faded the spike to fresh 4-day highs near 109...
EUR/USD Moves Off Lows after US Retail Sales EUR/USD moved off daily lows and trimmed intraday losses following the release of disappointing US retail sales and producer prices data. US retail sales fell 0.3% to a seasonally adjusted $446.89 billion in March, missing expectations of a 0...
US Retail Sales Unexpectedly Dropped in March Official data released in the US today showed retail sales unexpectedly dropped in March. Retails sales fell 0.3% m/m in March, compared to an expected rise of 0.1% following an upwardly revised February figure of 0.0%. Retail sales ex autos rose 0...
