USD/CAD advanced gradually in the Asian session and defends mild gains, as the loonie continues to remain pressured on lower oil prices. 1.2700 eyed Currently, the USD/CAD traded higher by 0.0.7% at 1.2641 levels, having posted fresh session highs at 1.2646 levels some minutes ago...
The world is still waiting for any news out of Europe as the North American trading session hands the baton to Asia which will have a couple of Kiwi and Japanese economic releases this evening. Due to the waiting game most investors were playing, many markets failed to provide much excitement...
CRUDE OIL - With price extension seen on Wednesday, further downside pressure is likely. On the downside, support lies at the 48.00 level where a break will expose the 47.00 level. A break will aim at the 46.00 level and then the 45.00 level...
Emmanuel Ng of OCBC Bank, notes that with AUD/USD expected to remain in doldrums intra-day, the nearest support to break for the pair is 0.7625, before moving lower towards 0.7600...
WTI oil futures on the Nymex rebound from weekly lows and edged higher during the Asian session on profit-taking on short positions after the recent slump. Remains below USD 50/ barrel Currently, WTI gained 1% and traded at USD 49.34/ barrel, having fallen to fresh weekly lows at 48...
According to Chris Capre, Founder at 2ndSkies Forex, only a daily close above 1245 in Gold negates the bearish bias ST...
The Australian dollar falls against its Oz counterpart in the Asian session, extending its long run of losses, largely on AUD weakness. Supported above 1.0400 Currently, the AUD/NZD pair traded at 1.0428 levels, -0.44% lower on the day, having slumped to fresh five week lows at 1...
EUR/USD is currently trading at 1.1314 with a high of 1.1353 and a low of 1.1302. EUR/USD has moved into a sideways drift now that the dust has settled, for the time being, post Eurogroup's meeting with Greek delegates and FM Yanis Varoufakis...
NZD/USD has been offered in sync with the decline seen in the Aussie following an unambiguously negative employment report in Australia, with the exchange rate now testing a key support at 0.7330...
According to NAB Economist David de Garis, the Australian employment figures are pretty negative, but in line with the thematic the RBA applied when they cut rates last month. Key Quotes "It brings the numbers back to the trend that most people would have expected the labour market to portray...
The globally renowned Bitcoin platform in Australia, CoinJar has always been innovative when it comes to solutions for its customers...
Following a brief bounce attempt, EUR/USD came under renewed pressure and dropped to fresh daily lows as Eurogroup meeting gets underway, with Greek debt negotiations taking center stage. EUR/USD dropped to a marginal new low of 1.1281, but remained overall within its recent range...
Analysts at Danske Bank believe a positive outcome in today’s eurogroup meeting could allow a rebound in the pair...
AUD/USD is currently trading at 0.7706 with a high of 0.7796 and a low of 0.7692. AUD/USD bulls have been making hard work of any upside of late and the pair is offered once again, this time with the greenback rallying across the board and Gold dropping...
Crude oil prices hit fresh 1-week lows sub $49 a barrel after EIA data showed crude inventories increase more than expected last week. Crude oil inventories rose 4.87 million barrels in the February 6 week according to the Energy Information Administration, against expectations of a 3...
Strategists at TD Securities remarked the relevance of the crude oil dynamics and the US-CAD spread as the main drivers for the Canadian dollar. Key Quotes “The combination of wider spreads and oil prices slipping back under $50/bbl is kryptonite for theCAD”...
The Sterling is currently falling hard against the US Dollar as the greenback is rallying across the board after breaking above 120.00 against the Japanese Yen. The GBP/USD fell 50 pips in the last few minutes from the 1.5300 area to test the 1.5250 level. Currently, GBP/USD is trading at 1...
Gold prices extended the decline to trade well below USD 1230/Oz levels, after hovering around the 50-DMA located at USD 1234 levels in the last couple of hours...
AUD/USD was on the back foot and fell to an 8-day low during the European session as investors await Australian employment figures to be released on Thursday. AUD/USD came under pressure after failing to consolidate above 0.7800 and fell to a low of 0.7711 before finding support...
The slide in crude prices pushed the Canadian dollar lower, taking the USD/CAD pair to the session high of 1.2645 levels. Loonie weakens as Crude extends losses Crude prices in the US fell to a low of USD YSD 49...
