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EU Referendum: Row Over Claim Brexit Would Push Up Bills Supporters of leaving the EU have said claims by Energy Secretary Amber Rudd that total household bills could rise by as much as £1.5m a day are "absurd...
EUR/USD: Technicals Point at Additional Declines - FXStreet EURU/USD has been trading under selling pressure for the past few days, last at 1.1170, near weekly lows, with Valeria Bednarik, Chief Analyst at FXStreet, noting that technicals support some additional declines for this Thursday...
Dollar Rise Hits Commodities as Fed Talks of Tightening The dollar advanced for a fifth straight session on Thursday, pressuring commodities and Asian shares after yet another Federal Reserve official talked up the chance of more than one increase in U.S interest rates this year...
The dollar remains the currency market’s standout performer for the second straight day, gaining value against each of its major rivals after this morning’s as-expected New Home Sales report...
Fourteen years ago, the author of a series of popular personal-finance books predicted that 2016 would bring about the worst market crash in history, damaging the financial dreams of millions of baby boomers just as they started to depend on that money to fund retirement. Broader U.S...
FOREX-Dollar Gains, Awaits Data to Back Fed officials Rate Hike Views * Dollar index touches 1-week high * U.S...
Malaysia Leading Index Rises In January The leading index for Malaysia, which measures the future economic activity, increased at the start of the year, survey data from the Department of Statistics showed Thursday. The leading index rose slightly to 118.2 in January from 118...
Asian Markets in Red Due to Declines in Energy Prices, Gold Slides to 4-Week Low All the major Asian indices are trading on a lower note on Thursday. U.S. and European markets closed overnight with losses, mostly due to declines in energy stocks...
Big Action in the Commodities Sector and Currencies - Westpac In respect to the commodities sector's sell-off, analysts at Westpac explained that the AUD/USD fell steadily from the Sydney afternoon highs above 0.7640 to a New York low of 0.7520...
AUD/USD: Declines Expected Below 0.75 Handle - FXStreet Valeria Bednarik, chief analyst at FXStreet explained that the Aussie was hit hard this Wednesday, falling down to 0...
AUD/USD Bears Testing Bulls Commitments at Key 0.7500 AUD/USD is testing the bulls commitments around the 0.75 handle as Asia gets going, following the downside activity that took place overnight in the commodity sector...
FXWIREPRO: Nikkei Faces Strong Resistance at 17300, Good to Sell on Rallies Major resistance - 17300 The index is consolidating between 16561 and 17125 for the past three trading session. It is currently trading around 16664.Short term trend is weak as long as resistance17300 holds...
FXWIREPRO: Gold Falls to 4 -Week Low on the Back of Hawkish Comments from Federal Reserve XAU/USD is currently trading around $1217 mark. It made intraday high at $1223 and low at $1214 levels...
NZD/USD Expected to Reach 0.62 by Year End - Westpac Imre Speizer, Strategist at Westpac Global Strategy Group, notes that their in-house fundamentals-based year-end forecast for NZD/USD is 0.62, although Imre adds that based on technicals, the chart presents a potentially more bullish outlook...
JPY Weakness to Resume in New FY - Nomura Yujiro Goto and Yunosuke Ikeda, Global FX Strategist at Nomura, expect renewed strength in USD/JPY in the new fiscal year for 2016/17, calling for 122 by end-2016. Key Quotes "USD/JPY depreciation has accelerated in Q1...
EURUSD Daily Forecast: March 24 2016 EURUSD Forecast The EURUSD had a bearish momentum yesterday bottomed at 1.1159. The bias remains bearish in nearest term testing 1.1100 – 1.1065 region as a part of the false break bearish scenario as you can see on my H1 chart below...
GBPUSD Daily Forecast: March 24 2016 GBPUSD Forecast The GBPUSD continued its bearish momentum yesterday bottomed at 1.4082. The bias remains bearish in nearest term testing 1.4050. A clear break and daily close below that area could trigger further bearish pressure testing 1.3900 region...
USDJPY Daily Forecast: March 24 2016 USDJPY Forecast The USDJPY was indecisive yesterday but overall still able to maintain its bullish intraday bias so far. The bias remains bullish in nearest term testing 113.00 – 113.50. Immediate support is seen around 112.15...
Every three months, the U.S. Federal Reserve publishes a chart -- known as the "dot plot" -- showing where various officials think the central bank's interest-rate target should be over the next few years. And every three months, investors and the media consistently misinterpret it...
