Crude prices in the US extended the decline ahead of the supply report in the US which is expected to show inventories rose by 3.8 million barrels last week. WTI Crude falls below USD 49.50/barrel Prices hit a fresh session low of USD 49.13/barrel ahead of the weekly supply report in the US...
On Wednesday the euro plunged to seven-year lows against its UK counterpart, amid mounting concerns over whether Greece will reach a compromise deal with creditors to extend its bailout program. The euro held steady against the U.S. dollar...
The euro edged lower against the U.S. dollar on Wednesday after touching the technical resistances between 1.1330 and 1.1345 again, as trading became subject to news and statements between Greek officials on one hand, and European officials on the other...
The greenback is giving away part of the initial gains vs. its neighbour on Wednesday, now sending USD/CAD to the 1.2625/20 band...
The ratings agency Moody's said cheap oil will not boost the global economic growth, as it would be offset by the eurozone's economic woes as well as slowdowns in China, Japan and Russia. Thus, the agency would not be revising its growth forecasts for the G20 countries...
The greenback is mostly advancing vs. its main competitors on Wednesday, with the exception of the British pound. In the meantime, markets’ focus remains on the extraordinary Eurogroup meeting due later in the European evening...
The TD Securities Team shares the performance of the markets during the mid-European session, noting that DM FX trades mixed as markets eye the Eurogroup meeting. Key Quotes “With no major data releases in the US or the Eurozone, today the focus of the markets is on political developments...
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 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...
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...
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...
On Wednesday Brent crude was stable above $56 a barrel. U.S. crude climbed more than $1, after a smaller-than-expected rise in U.S. crude stocks was viewed by some as a sign that a supply surplus was starting to decline...
Analysts at Danske Bank, explain that leading indicators suggest that growth in euro area is picking up. Key Quotes “In the euro area, leading indicators across the board suggest that growth is picking up.” “The OECD leading indicator has improved for several months...
USD/JPY maintained its upside momentum in the European morning and wavered near fresh monthly highs after upbeat US jobs data continues to support the greenback. USD/JPY eyes 120 mark Currently, the USD/JPY traded higher by 0.11% at 119...
On Wednesday the Aussie dollar traded nearly flat in Asia on a mix of upbeat housing data and consumer sentiment but as investors focused on Greece, and China data ahead...
