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USD/JPY Recovery Stalled Near 109.20, Bulls Exhausted? The USD/JPY pair is seen consolidating its robust recovery from near seventeen-month lows over the past few hours, with the rate hovering around 109 barrier...
NZD/USD: Consolidates Near Fresh 2016 Highs, GDT Eyed The NZD/USD pair is seen making another attempt to take-out 0.70 barrier, with the bulls committed amid a broadly lower greenback and risk-on rally in the equities. NZD/USD at 10-month tops Currently, the NZD/USD pair trades 0.56% higher at 0...
AUD/JPY: Bulls Committing for a Test of the 85 Handle AUD/JPY has followed suit of its counterparts, with USD/JPY pushed on to the 109 handle and the Aussie making a strong performance with iron ore rallying 3% overnight and oil claiming back grounds in the $40.00's bbls...
RBA Minutes Preview - What to Expect in AUD/USD? AUD/USD has been some tremendous two-way business at the start of this week. The pair has reached a nine-month high of 0.7758 in a rally from intra-day lows of 0.7642 and is perched better bid ahead of the RBA minutes...
AUD/NZD Drops Further to Test Hourly 200-SMA The New Zealand dollar manages to keep the upper edge over its OZ counterpart in the Asian trades this Tuesday, as the Aussie finds fresh sellers following the release of dovish minutes of RBA’s April 5th policy meeting...
Analysts at UOB noted , that other than the ECB policy decision this Thursday (21 Apr), we will have the Reserve Bank of Australia’s (RBA) April meeting minutes (19 Apr), the ECB bank lending survey (19 Apr) and the ECB survey of professional forecasters (22 Apr...
Valeria Bednarik, chief analyst at FXStreet explained that risk aversion led the way at the beginning of the week, after oil producers failed to reach an agreement in the Qatar meeting. "Surprisingly, the common currency was unable to run as usual lately on safe-haven demand, holding below the 1...
We do not expect any ECB action at this week’s policy meeting. After the big package in March, we think the ECB will have a few months before it needs to go back to the drawing board...
Crude oil prices slipped as expected after OPEC and non-OPEC members Sunday failed to come to agreement about freezing production at January levels. However, oil prices did not fall as far as the market feared and in U.S...
GBP/USD Capped at Key Resistance Before 1.4346 Trend Line GBP/USD was initially dragged up on the crosses with GBP/JPY making a huge rally as Yen got sold-off. GBP/USD has staged a continued upside effort and headed for a break of key resistance...
Brent Crude: We Still Expect the Barrel at USD46/bl in Q4 Despite Doha- Danske According to Jens Nærvig Pedersen, Senior Analyst at Danske Bank, crude oil will recover during 2016 despite the lack of agreement on a production freeze on Sunday in Doha...
Oil is Falling — So Why does US Keep Pumping? It's called the law of supply and demand. When a commodity costs more to produce than the current market price, producers usually stop producing it. But when it comes to U.S...
FxWirePro: EUR/USD Resumes Upside After Breaking Resistance Level at 1.1300 The EUR/USD pair inched higher on Monday as the pair attracted buyers as weak dollar and falling oil prices increased the demand for euro. The pair initially dipped towards 1.1274 levels in the early European session...
EUR/USD Consolidates Above 1.1300 The euro reached a fresh daily high against the US dollar during the American session at 1.1331, the strongest level since last Wednesday. Afterwards it pulled back modestly but remained above 1.1300...
Lower US Supply to Underpin Oil price Despite Talks Failure LONDON — The failure by oil-rich nations to agree to freeze production weighed on crude prices Monday. But analysts say oil is likely to rise in the longer-term as many companies, particularly in the U.S., scale back output...
Here's the Problem with this Earnings Season There's a problem with earnings this season: stocks are trading at the high end of their trading range and are also expensive...
Doha Failure Exposes Hedge Funds That Were Betting on Oil Freeze (Bloomberg) -- Hedge funds really wanted the Doha oil summit to work. Money managers kept wagers on rising prices near a nine-month high in the days leading up to Sunday’s meeting of oil producers...
EUR/USD: Comfortable Around 1.13 Handle - Scotiabank Analysts at Scotiabank noted that EUR/USD looks relatively stable around the 1.13 line but the EUR traded poorly overall last week, losing ground against every G10 counterpart apart from the CHF...
