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Phil Orlando, chief equity strategist at Federated, expects another market dip prior to the end of the first half of this year. He thinks a dip will range between 5% and 8% at some point over the next two months...
The end of the Kuwaiti oil workers’ strike has dragged crude prices lower (WTI just below $40/bbl) and put a dampener on risk sentiment this morning, though the trigger for the 4% fall in the Shanghai Composite index is more concern that policy will not be so accommodative going forwards...
WTI Flirts with $42.00 Post-EIA, Still in Red The barrel of West Texas Intermediate has seen its pullback trimmed today, currently testing the $42.00 neighbourhood following the EIA’s report...
Yesterday's trade signal is playing really well after EURUSD failed to close above 61.8% retracement from the lows. The sign we were looking for was the break below 1.1355, and that level was taken out aggressively clearing the path for ...Read More...
In what scenario posed by the ECB is the EURUSD likely to drift higher towards 1.1433? Here is your ECB ‘cheat-sheet.’ The European Central Bank’s policy meetings are always a treat for those currency traders on the hunt for volatility...
API Reports Surplus, While WTI Awaits EIA Report's Calls Updated WTI is trading at key resistance area at $41.8/barrel...
The latest rebound in the pound comes on the back of indications from the polls that the support for the ‘Stay-in’ vote has reached one of its highest levels in recent months...
FxWirePro: GBP/USD Retains Bullish Outlook With Scope to Target 1.4450 The GBP/USD pair retreated back on Wednesday, as the Pound found short selling interest after data showed the number of unemployed in Britain rising and wage growth fell short of expectations...
US Dollar Rebounds to 94.20, Session Tops The greenback, gauged by the US Dollar Index, is now accelerating its daily upside to the area of 94.10/20. US Dollar retakes 94.00 The index has managed to regain the key 94.00 handle after bottoming out in the 93...
EUR/USD Tumbles to Lows Near 1.1330, USD Bid The European currency is now rapidly losing the grip vs. the greenback, with EUR/USD slipping towards the 1.1340 area, or daily lows. EUR/USD lower as USD catches bids The abrupt rebound of the US dollar from the key 94.00/93...
USD/JPY Supported Around 108.60/80 – Westpac The pair remains well supported in the 108.60/80 band ahead of the next BoJ meeting, suggested strategists at Westpac...
WTI Weaker Ahead of EIA, Near $41.50 Crude oil prices are retreating from session tops above the $42.00 mark on Wednesday, currently testing the mid-$41.00s ahead of the EIA report...
CHF/JPY Trade Idea Major resistance – 114 Major support – 113 The pair has made a high of 113.98 and declined from that level. It is currently trading at 113.65. Short term trend is slightly bullish as long as support 112.80 (Tenken-Sen) holds...
As EUR/USD skips towards 1.14, the fact that it’s doing so despite huge outflows of long-term capital and wholesale abandon of European bonds by foreigners, doesn’t really help. The Euro is going up despite the ECB...
RUB Poised to Outperform – Danske Bank Economist at Danske Bank Vladimir Miklashevsky sees the Russian currency picking up further pace in the months ahead. Key Quotes “As we expected, the RUB continues to be the best play among oil producers on a rising oil price”...
FxWirePro: Cable Edgy at Resistance 1.4385 - Major Trend Still Intact As No Traces of Recoveries from Trend and Momentum Breaks resistance at 1.4385 levels but sustenance is questionable, but don’t jump into conclusion wait for confirmation...
Chinese Economy to Slow Further in 2016 and 2017, USD/CNY Likely to Reach 6.75 by End -2016 In the first quarter of 2016, China’s economic growth slowed to 6.7% y/y from Q4 2015’s 6.8% in spite of the rally in property market and a proactive policy easing...
An order to buy #GPBUSD is still relevant. We can observe some standard signals from #indicators. Recall that the weak labor market data can have a negative influence on the pair. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers...
GBP/USD Wobbles Around 1.4400 GBP/USD is alternating gains with losses on Wednesday, navigating a daily range between 1.4350 and 1.4410 for the time being...
