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EUR/USD jumped to 1...
Talking Points: USDOLLAR continues to fail at new highs between 11850-11900 Trend support keeps bulls in control, but for how much longer? Sentiment measure shows record extreme in longs vs...
There is still no deal of any kind either to help ‘solve’ the Greek debt crisis, or to provide short-term funding to make sure that the ECB can support the Greek banks while the negotiations continue, notes SocGen. "However, markets are still priced relatively optimistically," SocGen adds...
Valeria Bednarik, Chief Analyst at FXStreet, notes that technicals suggest the short-term picture for cable favours the upside. Key Quotes “The GBP/USD surged to a fresh 6-week high around 1.5387 finding support in a relatively hawkish BoE Quarterly Inflation Report...
The NZD/USD pair recovered losses during the US session to trade above 0.74 levels. The Kiwi had weakened earlier today due to a disappointing New Zealand manufacturing activity data...
Vladimir Miklashevsky, Economist at Danske, maintains the outlook for rouble, noting that the currency will remain driven by oil. Key Quotes “Before the talks in Minsk began, the rouble market switched from ‘the oil mode’ into a ‘headline driven’ one...
Crude prices in the US gained almost 5% as a weak USD and spending cuts in oil industry overshadowed the concerns of supply glut. WTI trades above USD 51/barrel At the time of writing, WTI Crude march futures traded at USD 51.27/barrel...
Valeria Bednarik, Chief Analyst at FXStreet, shares the technical setup for EUR/USD, with the pair making a new high at 1.1374 as market sentiment flips towards risk appetite...
Gold prices struggle to extend gains despite a fall in the US Treasury yields post a weaker-than-expected US retail sales data and a rise in the weekly initial jobless claims figure...
On Thursday oil prices rebounded more than $1 to $56 a barrel, after a two-day decline, as a weakened dollar and industry spending cuts offset fears of a supply glut. The agreement to halt months of deadly fighting in Ukraine also weighed...
Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, notes that EUR/USD trades within its multi-week range, in need of a catalyst for further direction. Key Quotes “The focus has been the cease fire agreement in Ukraine combined with the outlook and potential paths for Greece...
On Thursday the dollar edged lower against its counterparts, after the release of weak U.S. retail sales and jobless claims data. At the same time, fears over Greece's bailout crisis continued to drive safe-haven demand...
Shares of First Solar surged nearly 5% on the news and continued to rise in the after-hours trading session; Apple, too, saw its stock gain on the news, closing for a 1.9% gain and a market cap above $700 billion...
Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, notes that the short-term technicals for USD/CAD are mixed, as the pair trades stronger, but within its multi-week 1.2314-1.2799 range. Key Quotes “CAD is stronger, up 0.6% but trading at the midpoint of its multi week range of 1...
Settlement of the anti-trust dispute with Chinese regulators appears to be only the beginning of Qualcomm's woes, as mobile chipmaker now faces a new investigation into its business practices in South Korea...
The Growth Aces Research Teamcomments on BOE’s inflation report and Carney’s statement, and further shares the trade setup for GBP/USD. Key Quotes “The Bank of England revised up its growth forecasts and predicted wages would grow faster...
After bottoming out in the vicinity of 0.7640, AUD/USD managed to gather traction and advanced to the boundaries of 0.7700 the figure. AUD/USD depressed by data, focus on Stevens The pair is extending the weekly decline today, remaining in the area of multi-year lows around the mid-0.7600s...
Pernille Bomholdt Nielsen, SeniorAnalyst at Danske Bank, forecasts eurozone Q4 GDP to print an above consensus (0.2% qoq) figure of 0.4% qoq, aided by a probable high growth in private consumption. Key Quotes “Euro GDP growth for Q4 is due for release on Friday...
EUR/USD keeps intact the congestive pattern around the 1.1350 area on Thursday, stabilizing after recent tops above the 1.1500 handle. EUR/USD focus on US data The pair remains sidelined and keeps ignoring the headlines from Greece, following the recent failure in the EU-Greece debt negotiations...
