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The Australian dollar continues to get bashed by the Euro as the Reserve Bank of Australia’s (RBA) move towards accommodative policy hammered to Aussie to fresh multi-year lows. EUR/AUD jumps about 2% Currently, the EUR/AUD cross rallied to fresh one month highs at 1.4840 levels, gaining 2...
The sterling is transiting an even session vs. the greenback on Tuesday, relegatingGBP/USD to the low-1.5000s. GBP/USD keeps 1.50 ahead of data The pair is following the erratic mood in the risk-associated space during the first half of the week, at least managing to keep the trade above the 1...
The US dollar bounced-back against the Canadian counterpart in the early European morning, reversing previous losses as profit taking pushed the loonie on the back seat. Back above 1.2600 Currently, the USD/CAD recovered previous losses and traded higher by 0.43% at 1.2622 levels...
Despite falling oil price, volatility in the ruble value and the ongoing tensions between the Europe and Russia, Dagong Global Credit Rating Co Ltd gave an AAA rating for Russia's gas giant OAO Gazprom, as China Daily reports...
According to ANZ Economists, the RBA is likely to follow up today’s move with another cut in March. Key Quotes "The tone of the Statement was more dovish than we had expected with obvious concern for underlying growth in domestic demand...
EUR/USD extended its accumulation phase for fourth day in a row, unable to breach the 1.14 barrier and wavers above 1.13 handle. EUR/USD trades lack lustre The EUR/USD now trades at 1.1327 levels, down -0.13% on the day, bouncing off day’s high at 1.1351 levels. EUR/USD remains weak below 1...
On Tuesday oil futures continued to firm, adding to growth of more than 11 percent in the prior two sessions, but ongoing worries over China's demand outlook restrained further gains, says Reuters...
Ewald Nowotny, a policymaker at the European Central Bank, said consumer prices in the euro zone may grow 0.8 percent in 2015...
In today's speech in Hong Kong Alibaba's founder Jack Ma said the company has resolved its problems with China’s State Administration of Industry and Commerce “at the first stage". On Monday Alibaba shares gained as much as 2.9 percent as of 10:30 a.m. in New York trading...
Alibaba Health Information Technology Limited has signed a strategic cooperation framework agreement with Shanghai Kingstar Winning Software to launch a range of e-medical services...
On Tuesday the Australian dollar suffered a sharp drop after the Reserve Bank of Australia unexpectedly cut rates to 2.25%, citing the need to achieve balanced growth...
The RBA finally decided that the best course of action to stimulate both price levels and the economy would be to cut its rate by 25bp to 2.25%, however, the question now is, will the easing bias prevail? And if so, how many more cuts can we expect before year-end...
AUD/NZD has dropped like a rock over 1.2 cents after the RBA decided to cut the interest rate by 25bp to 2.25% today, leading the exchange rate to trip stops sub 1.0620, printing a new 2-week low of 1.0574 before a rebound towards 1.0610/15 presently...
AUD/JPY shaved-off gains and plummeted to fresh yearly lows as Reserve Bank of Australia (RBA) surprised most traders by cutting its policy rate to new record lows. Sinks over 2% from 91.61 levels post RBA action Currently, the AUD/JPY pair hit fresh 1-year low at 89.69, a recording 2...
The Reserve Bank of Australia decided to cut the interest rate to a new record-low of 2.25% vs 2.5% prior, after strong speculation that the Central Bank would probably act amid global deflationary pressures...
AUD/USD plunged to fresh five and half year lows after the Reserve Bank of Australia (RBA) slashed its official cash rate (OCR) by 25 bps from 2.50% to record low of 2.25%. Down from 0.7800 levels Currently, the AUD/USD collapsed -1.72% and trades at fresh multi year lows of 0...
Chinese meal ordering platform Ele.me announced that the company has gained new investments of a whopping USD350 million and its investors including Tencent, JD.com, Dianping.com, Sequoia Capital, and CITIC Private Equity Funds. According to Ele...
Investors following tactical strategies should consider selling AUD/USD into the RBA meeting this week, advises Barclays Capital in its weekly FX pick to clients. The trade is macro-technical driven. On the macro-side, Barclays' rationale is as follows: "We expect the RBA to cut 25bp this week...
Talking Points: Norges Bank increases their sale of FX equivalent to NOK 700 million per day USDNOK moves to support on the Daily chart Due mainly to falling energy prices, revenues from the State’s Direct Financial Interest have once again exceeded the amount transferred to the Global Pension Fu...
Gold and silver have experienced some respite in the past few months as Eurozone and emerging market fears surfaced once again. The relentless U.S...
