Gold Breaches Hourly 200-SMA Support in Asia The yellow metal extends weakness into a third day today, accelerating further below the hourly 200-SMA support, amid non-existent demand for the safe-havens. Gold off lows, regains 50-DMA at 1232.60 Currently, gold drops -0.60% to trade at 1233...
FxWirePro: USD/JPY Edges Lower from Fresh Weekly High at 109.55, Weakness Only Below 5-Dma at 108.65
FxWirePro: USD/JPY Edges Lower from Fresh Weekly High at 109.55, Weakness Only Below 5-Dma at 108.65 USD/JPY has scored a high of 109.54 as the greenback strong across the board. Fed speakers were optimistic and more hawkish yesterday, relieving the dollar from the post Yellen New York speech...
Oil: Expectations for Doha May be Inflated – BBH Research Team at BBH, suggests that the weekend meeting between many OPEC and non-OPEC producers has helped spur the recent gains in the price of oil and they are concerned that market may be getting ahead of itself...
Asian Markets Turn Higher on the Back of Positive Global Sentiments, Gold Slides Below $1240 All the major global indices are trading on a higher note on Thursday. In addition, Wall Street closed with healthy gains on Wednesday...
NZD/USD: Bears Relentless on RBNZ Rate Cut Leak News The NZD/USD pair extended weakness into a second day this Thursday as the bears retained control amid negative RBNZ news and lower oil prices. NZD/USD: hourly 200-SMA at 0.6840 tested Currently, the NZD/USD pair slumps 0.85% to 0...
AUD/JPY: Aus Jobs Upbeat but 84.00 Tough Nut to Crack AUD/JPY has printed an hourly bearish order book sweep, also know as engulfing candle, following a counter-intuitive reaction to better-than-expected Australian employment figures, with the exchange rate last exchanging hands circa 83...
AUD/NZD Firmer, Takes-Out 1.1150 on Strong Aus Jobs The AUD/NZD cross ran through fresh buyers in the last hour, jumping nearly 80-pips in a bid to regain 1.11 barrier and beyond, after the Australian jobs data outpaced estimates. AUD/NZD climbs on NZD weakness The AUD/NZD pair now advances +0...
AUD/USD Pops and Drops on Upbeat Aus Jobs Data The AUD/USD pair reverses a 25-pips knee-jerk spike seen following the release of the Australian jobs data, which bettered estimates. AUD/USD fails near daily highs Currently, the AUD/USD pair drops -0.13% to 0.7642, quickly fading a spike to 0...
We just got great news about wage growth in America. The Federal Reserve's latest Beige Book report out Wednesday indicated that in 11 of the Fed's 12 regional districts, signs of wage growth were everywhere...
The Producer Price Index for final demand fell 0.1 percent in March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices decreased 0.2 percent in February and advanced 0.1 percent in January. On an unadjusted basis, the final demand index moved down 0...
Yen Falling for Second Session - Scotiabank Analysts at Scotiabank noted that JPY is weak and falling for a second consecutive session. Key Quotes: "It begins to retrace a portion of its recent rally...
U.S. Dollar Making a Recovery on Hawkish Fed Speakers The U.S. dollar is showing signs of a correction after a steady lineup of hawkish Fed speakers yesterday from Harker, Williams and Lacker and were increasing expectations for a June rate hike...
Brent: Will the Price Go Above the Level of 45.00? Yesterday’s mixed economic statistics prevented the rise in price of crude oil Brent up to the level of 44.78 USD per barrel...
Dueling Fed GDP Trackers - BBH Analysts at Brown Brothers Harriman explained that the decentralized nature of the Federal Reserve lends itself to both a division of labor and competitive analysis...
Bank of Canada: Little Prospect of Further Easing - ING James Knightley, Senior Economist at ING, notes that today’s statement from the Bank of Canada, suggests that there is little prospect of any easing in the near future...
EUR/CAD – Drops Below 1.44 after BOC Keeps Rates Unchanged EUR/CAD fell below 1.44 handle after Bank of Canada kept key rates unchanged as expected and revised 2016 GDP forecast higher...
BoC Leaves Rates Unchanged, Downgrades Growth Outlook The Bank of Canada (BoC) kept its target for the overnight rate unchanged at 0.5%. The Bank Rate is correspondingly 0.75% and the deposit rate is 0.25...
AUD/USD Gains Capped Around 0.77 – Westpac According to strategists at Westpac, AUD’s upside appears somewhat limited around the 0.7700 handle in the near term. Key Quotes "AUD/USD found fresh buyers and pricing for a May rate cut faded to below 30% after the strong Mar NAB business survey”...
WTI Below $42.00, Losses Momentum Ahead of EIA The barrel of West Texas Intermediate has retreated from recent highs above the $42.00 mark, returning to the $41.70 area...
