On Monday the Organization of the Petroleum Exporting Countries announced demand for its own oil will rise in 2015 amid a slowdown in the US oil industry, in a sign that the cartel’s policy of maintaining output despite the steep fall in crude prices since last summer appeared to be working...
The Australian dollar shrugged off Chinese trade data and managed to recover from lows during the last hours, climbing back above the 0.7800 level against the greenback and filling the weekly opening gap. AUD/USD bounced off a low of 0.7747 and rose more than 70 pips through the 0...
The Canadian dollar is now gathering steam vs. its neighbour on Monday, relegatingUSD/CAD to intraday lows around 1.2480. USD/CAD weaker post-data The pair is now accelerating its daily decline from the 1...
On Monday the greenback edged higher against the other major currencies, as growing concerns over a potential Greek exit from the euro zone weighed on market sentiment and as Friday's strong U.S. employment data continued to back the US currency...
Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, comments that CAD is up, digesting stronger oil prices and a slightly improved global growth outlook. Key Quotes “CAD is up, but has traded in a relatively narrow range during the Asian and European sessions...
Shaun Osborne, Chief FX Strategist at TD Securities, views any USD/CAD weakness to find supportd in mid/upper 1.23 levels, expecting the pair to pick up gains above 1.2540/50...
The euro is stable on Monday, as EUR/USD trades in the mid-1.13 range. On the release front, there are no major European or US events on the schedule. The German trade surplus widened to EUR 21.8 billion. Eurozone Sentix Investor Confidence jumped to 12.4 points...
The Organization of Petroleum Exporting Countries (OPEC) lowered its estimate for non-OPEC supply growth in 2015 as US drillers are expected to pump less oil after the collapse in oil price...
The TD Securities Team previews the key events in the week ahead for Eurozone, noting that BOE’s QIR and Greece will likely be the spotlight. Key Quotes “The Bank of England releases its Inflation Report on Thursday and our base case is for a slightly hawkish outcome...
NZD/USD extended its upward trajectory in the European session, largely backed by chart-driven gains as a bounce-back in the Aussie further accelerated the gains. Sustains above 0.7400 levels Currently, the NZD/USD traded 0.69% higher on the day at 0...
Gold futures rose on Monday, as investors were still concerned about Greece...
The offered tone is now returning to the common currency, dragging EUR/USD to the lower bound of the range near 1.1310. EUR/USD down from 1.1360 The pair left the area of session highs around 1...
Copper futures declined, as disappointing Chinese trade data added to speculation that policymakers in Beijing may implement further stimulus measures...
USD/JPY reversed previous gains and fell to fresh daily lows during the European session as Grexit rumours re-emerged, boosting safe-haven appeal for the yen. USD/JPY bounces-off 118.50 levels Currently, the USD/JPY traded lower by -0.46% at 118.58 levels, close to fresh daily lows posted at 118...
According to Valeria Bednarik, Chief Analyst at FXStreet, technicals favour a EUR/USD slide towards 1.1250 on a break below 1.1290 levels, with sellers around 1.1360 price zone exerting some downside pressure on the pair. Key Quotes “[...
Gold prices on Comex broke above USD 1240 levels and climbed higher on increased safe haven bids for gold amid renewed geopolitical crisis in Greece and Ukraine. Gold gains on broad based risk-aversion Currently, gold trades higher by 0.62% at 1242...
The shared currency remains within the intraday range on Monday, taking EUR/USD to the area of 1.1340/45. EUR/USD muted after Sentix The pair kept the composure after the Sentix index, which tracks the Investor Confidence in the euro area, climbed to 12...
In the opinion of analysts at UOB Group, the developments from Greece will be the main focus of attention ahead in the week. Key Quotes “The focus remains on Greece, with the Eurogroup expected to discuss the issues on Wednesday ahead of a European Council meeting at the end of the week”...
James Knightley, Senior Economist at ING, comments that the swings in oil prices and demand are pouring unnecessary confusion in the UK economy’s growth story as the current oil related deficit was only due to the large buildup in inventories due to low prices...
While the S&P 500 stands close to record highs, investor sentiment's serene facade is starting to crack As volatility measures trend higher, the Oil volatility index has surged these past months A comparison of 'risky' assets to traditional 'safe havens' is the most common approach, but the a...
