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EUR/USD Technical Strategy: Flat Support: 1.1318, 1.1185, 1.0970 Resistance:1.1533, 1.1659, 1.1832 The Euro is stalling after rising against the US Dollar as expected having produced a bullish Morning Star candlestick pattern. Near-term support is at 1.1318, the 14...
The BofA-Merrill Lynch Team, suggests going short on AUD/USD and explains the factors that’ll lead AUD to weaken in days ahead...
AUD/USD bears eye 0.7960 – 0.8040 range for shorts ahead of Employment report The primary view for the AUD/USD remains on tract as the larger degree correction thought to be in wave ((X)) (correcting the cycle from 0.8297 high) with upside favoring a move in the direction of the 0.7961 – 0...
Lee Hardman, Currency Analyst at Bank of Tokyo-Mitsubishi UFJ, notes that the recent comments from Fed member’s has reinforced the expectations for a mid-year rate hike by the Fed...
Egypt will join Russia-led Eurasian free trade zone, which includes Russia, Armenia, Belarus, and Kazakhstan, Egyptian President Abdel al-Sisi announced at a joint news conference with Vladimir Putin...
GBP/USD extended gains and climbed during the European session, heading gradually towards 1.53 threshold as traders now eye Bank of England’s BOE inflation report due tomorrow. Rises from 1.5275 levels The GBP/USD pair trades higher by 0.27% at 1...
"The Eurogroup isn’t just in the limelight today – they pretty much have the stage to themselves in the absence of major news elsewhere. The vast sums being paid for the rights to broadcast Premiership football have certainly eclipsed all other financial news so far this morning...
The New Zealand dollar continues its upward trajectory against the US dollar in the mid-European session, although the upside remains capped by a strong resistance around 0.7450 levels. Supported above 0.7400 Currently, the NZD/USD trades higher by 0.32% on the day, at 0...
The British currency rose against its US peer on Wednesday, however gains were capped, as market players were concerned over Greece's uncertain future in the euro zone...
Silver prices advanced today to trade above the 50-DMA located at USD 16.797/Oz levels. Prices stuck between 5-DMA and 10-DMA The metal is currently trading between the 5-DMA and the 10-DMA located at USD 16.882 and USD 17.075 respectively...
Analysts at Deutsche Bank see a positive outcome in the debt Greek situation will have to wait for the time being...
Senior Analyst Jens Pedersen at Danske Bank remarked the recent assessment of the ECB’s QE programme by the G20...
Gold prices on Comex steadied in the mid-European session, hovering near highs, as traders remain wary ahead of Euro group meeting on Greece. Greece in focus Currently, gold trades higher by 0.40% at 1237levels, having posted daily highs at 1238.70 levels earlier in the day...
The New Zealand dollar rose against its U.S. peer on Wednesday, but gains were seen limited as market players were concerned over Greece's future in the euro zone...
The warehouse stocks data released daily by the London Metal Exchange (LME) showed a drop in the inventory levels of Copper, Zinc, Aluminium and Nickel, while Lead stocks increased. Copper stocks decreased by 750 tonnes, while Nickel inventories also declined by 72 tonnes...
According to Westpac, RBA might cut rates by 25bp in its March meeting, with the inflation outlook posing no barrier for any easing. Key Quotes “The RBA confirmed the end of the “ period of stability in interest rates” in Feb with a 25bp cash rate cut, to 2.25...
On Wednesday gold edged up as the dollar took a breather after recent gains and as financial markets were jittery regarding Greece's future in the euro zone...
The AceTrader Team shares that as long as USD/CHF holds above 0.9176, the pair remains a buy on dips towards 0.9313. Key Quotes “Despite dlr's retreat fm last Mon's 0.9347, as long as 0.9167 (prev. res) holds, outlook remains supportive for further headway to 0.9446, being 61...
Chinese telecom device maker Huawei announced in Xi'an that the company has completed the construction of a network functions virtualization open lab with an initial investment of over USD5 million...
The eFXnews Team shares Barclays' view that Friday’s speech of RBA Governor Stevens' speech is likely to be dovish, raising the prospects of a further rate cut by the central bank...
