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Eric Theoret, CFA, CMT FX Strategist at Scotiabank explained that USD/JPY has tested a fresh two week low and trend signals hint to a rise in downside risk. "However momentum indicators are close to neutral and USDJPY has yet to break its multi-month range roughly bound between 111 and 115...
It is becoming increasingly clear is that the growing current account surplus in the euro-zone is acting as a key support for the euro at current levels, notes BTMU. "The euro-zone current account was surplus was a record EUR 317bn in 2015, amounting to over 3% of GDP...
Analytical Review of the Stocks of JPMorgan Chase&Co. JPMorgan Chase&Co., #JPM [NYSE] Finance, Banks, USA Financial performance of the company: Index – DJIA, S&P 500...
Why hasn’t Israel shut down binary options scam? A former MK describes how she tried. Five years ago, Einat Wilf realized forex/binary options was, at best, an industry founded on illegal gambling...
NZD/USD: Bearish Bias, Testing Daily Lows The kiwi is consolidating losses against the US dollar on Monday and continues to retreat from 0.6966 (Thursday high). NZD/USD bottomed during the American session at 0.6837. Currently, it trades at 0.6850, 0.80% down for the day...
EUR/USD Back and Forth Around 1.1400 EUR/USD has been confined to a narrow range on Monday, having seesawed around 1.1400 unable to set a short-term direction in the absence of major drivers...
FXWIREPRO: GOLD Prices Set to Decline Further, Upside to be Limited Gold has declined to trade around 1089 levels, giving earlier gains made in European session, as Friday’s strong US jobs data boosted investors risk sentiment, while uncertainly continued about Federal Reserve’s rate hike path...
FXWIREPRO: GBP/USD Strongly Bearish Despite Upside Attempts The Sterling was the best performer against US dollar on Monday, as the pair extending its upward corrective movement towards 1.4321 levels, reaching the 50% retracement levels and gradually declining towards 1...
EUR/GBP Retreats Below 0.8000 The pound is rising against the euro after falling during the previous three trading days. EUR/GBP is testing daily lows as it trades at 0.7963, slightly above 0.7960. Today the pair is retreating from 1-month highs that reached on Friday at 0.8017...
WTI Gains Still Capped Above $37.00 The barrel of West Texas Intermediate keeps the initial negative tone unchanged on Monday, fading another bullish attempt to the key $37.00 handle. WTI up on US weakness Crude oil prices keep the narrow trading range today, finding support around $36...
The USD/CAD is close to a key level and bulls are preparing for a last stand; BMO’s Andersen suggests they may actually win. The US Dollar to Canadian Dollar (USD/CAD) continues falling, with no sign of change to the medium-term down-trend. If it breaks below the 1...
With AUDUSD trading over 0.76, it was just over a year ago when the RBA surprised markets with a rate cut due to AUD strength (then trading around 0.78...
The greenback, tracked by the US Dollar Index, has given away initial gains and is now back around the 94.55/50 area. US Dollar weaker post-US data The index faded the earlier spike to the vicinity of 94...
International Monetary Fund (IMF), while speaking on China, said the nation needs to have a greater communication to avoid overreaction in the financial markets...
AUD/USD: A Meeting of RBA will be Held Tomorrow Tomorrow at 06:30 (GMT+2) a meeting of the RBA will be held. Since the beginning of the year the pair AUD/USD has grown by 12%, reaching the new high at the level of 0.7720 at the end of March...
Citigroup Inc., the world’s biggest currency trader, says it’s “too soon” to buy the U.S. dollar after it slumped to a nine-month low and economic data came in stronger than forecast. A gauge of the dollar was little changed Monday after dropping 1...
Brent: Pressure on the Price Continues Weekly data released by the US Department of Energy last Wednesday showed the rise in the US oil reserves; which together with statement by Saudi crown prince Mohammend bin Salman, caused the decline in the price of crude oil Brent on Friday against the rise...
EUR/USD regained the 1.14 handle on Monday following a poor release from US Factory Orders. EUR/USD challenges highs above 1.14 Spot kept the buoyant tone after US Factory Orders have contracted 1.7% MoM in February, matching estimates albeit reverting January’s 1...
A contraction in the US factory orders is not helping GBP/USD, which appears to have run out of steam after having clocked a daily high of 1.4320 levels. Trades around 1.4280 The spot is slowly trimming gains, now trading around 1.4280 levels even though the US factory orders fell 1...
