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The Growth Aces Research Teamshares the trade setup for GBP/USD, further adding that Thursday’s BOE’s inflation report might be supportive for the cable as markets might reassess its rate hike expectations...
Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, explains that USD/CAD is stuck in the 1.2352 to 1.2564 range, and is looking at oil prices and WTI’s ability to break and close above 50‐day at 53.51 levels for direction. Key Quotes “CAD is down 0...
Independent Analyst, Malcolm Graham-Wood, notes that the trimmed US supply forecasts and demand numbers shown in Opec’s monthly report added to oil’s positive momentum...
Dean Popplewell, Director of Currency Analysis at MarketPulse, comments on the effect on Euro from the ongoing Greek crisis, and from a probable Grexit scenario...
On Tuesday Bitcoin prices fell in a quiet trade, with further losses expected amid bearish chart signals...
On Thursday the Bank of England will release its February Inflation Report, whichGoldman Sachs expects that it will deliver a modestly hawkish message to the market...
Russia's Finance Minister Anton Siluanov said the country will ratify an agreement on the New Bank for Development set up by BRICS before the end of this month or at the beginning of March. Other participants will ratify the agreement later, Siluanov said, quoted by TASS...
Tim Condon of ING, revises the 2015 Chinese inflation forecast to 1.0% from previous 2.0%, after food components drove January CPI to levels not seen since November 2009. Key Quotes “CPI inflation slowed to 0.8% in January from 1.5% in December. The consensus forecast was 1.0...
Britain’s factories kept their slow recovery in the run up to Christmas. But the rise in manufacturing output failed to offset falls in mining and energy, leaving industrial production down 0.2% in December, says The Guardian...
Greece could tap "another source" for funding - possibly even Russia or China - should the deal with Europe not be worked out, Greek Defence Minister Panos Kammenos warned...
Focus of the day: "The Greek government and European authorities are far from any potential agreement, with still very different positions, although we have seen some steps in the right direction...
The TradeTheNews Team shares that independent Greeks Party Kammenos commented that Greece had a plan ‘B’ if the EU remained rigid on any agreement in tomorrow’s meeting, which eased the Greek tension a bit. Key Quotes “The focus remained on the Greek situation in Europe...
The dollar was higher against the other major currencies on Tuesday, as concerns over a potential Greek exit from the euro zone continued to dampen market sentiment...
The Bank of Nova Scotia (French: Banque de la Nouvelle-Écosse), commonly known as Scotiabank (French: Banque Scotia), is the third largest bank in Canada by deposits and market capitalization. The following are Scotiabank's latets forecasts (end of period) for major currencies...
EUR: The single currency continued to meet selling interest just above 1.1350 and has retreated in European morning, offers are still noted at 1.1350-55, 1.1370-80 and 1.1400, sell orders are reported at 1.1420, 1.1460 and 1.1485, selling interest should emerge around 1.1500, 1.1520 and 1...
The eFXnews Team shares SEB’s intraday outlook for EUR/USD. Key Quotes “Awaiting a 'B-wave' Break (<1.1262). One day older and more wiser...A sub-1.1262 break is needed to fully confirm a correctional peak in place (@1.1534) - and if so another sub-1.11 test would become highly likely...
On Tuesday the British currency traded steady against the U.S. dollar, after positive U.K. manufacturing production data, as market sentiment was pressured amid growing concerns over the Greek debt crisis...
The pound accelerates its gains vs. the US dollar on Tuesday, with GBP/USD gyrating around 1.5220. GBP/USD advances on UK data The pair managed to pick up pace from the 1.5220 area following the mixed results in the UK economy...
Steve Miley of MarketChartist,mentions that as long as GBP/USD base at 1.15190 is intact the positive bias for a push higher remains for the pair. Key Quotes “The firm February recovery effort above the key 1...
Lee Hardman, Currency Analyst at Bank of Tokyo-Mitsubishi UFJ, comments that with lack of compromise from either side (Greece, ECB), concern regarding a possible Greek default and exit are increasing...
