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The past week was quite “boring” in the precious metals complex. Gold and silver traded lower during the week befor recovering on Friday. The miners, obviously, followed a similar path...
On Tuesday the greenback was broadly firmer against its rivals, as market players awaited the release of U.S. data later in the day and as hopes for rate hike continued to support the US currency...
Picture of the day Dollar generally weaker. The dollar looked weaker than at the opening Evroppy and no real news that could give the movement...
As government data indicated Tuesday, Singapore's economy grew at a faster-than-expected pace in the first quarter despite the central bank announcement there will be no change to monetary policy...
“I don’t think it’s a bad thing to send a signal that selling of the yen is coming closer to its limit bit by bit,” Koichi Hamada, an adviser to Prime Minister Shinzo Abe on monetary policy, told in an interview with Bloomberg...
BNP Paribas is a French bank and financial services company with global headquarters in Paris. It was formed through the merger of Banque Nationale de Paris (BNP) and Paribas (see below for name origin) in 2000. BNP Paribas is one of the largest banks in the world...
The US Dollar looks poised to continue higher after clearing range resistance below the 0.98 figure against the Swiss Franc. A daily close above the 23.6% Fibonacci expansion at 0.9910 exposes the 1.0126-77 area (March 12 high, 38.2% level). Alternatively, a turn back below the 14...
On Tuesday the euro was steady versus its US counterparts, approaching one-month lows despite positive euro zone industrial production data. Sentiment on the greenback remained broadly supported by U.S. rate hike hopes...
Last week, the chief of the International Monetary Fund cautioned that the era of low interest rates risks fueling asset bubbles around the world. She meanwhile called for more central bank easing as there is a bigger threat: the prospect of a long period of weak global growth...
On Tuesday crude-oil futures extended gains on expectations that U.S. shale oil production has reached its peak and might begin to fall...
On Tuesday the euro hit two-year lows against the broadly firmer yen, as the European Central Bank’s quantitative easing program continued to weigh on the single currency...
International trade currencies: These currencies are heavily influenced by changes in global demand for raw materials (commodities) and finished goods. A few of them (CAD, AUD, NZD) are often referred to as the “commodity currencies...
On Tuesday gold prices weakened in the Asian session, while safe havens like the US Treasuries and the Japanese yen were higher. Market players await further cues on the timing of the Fed rate hike...
The New Zealand Dollar is wedged in an increasingly narrow range below a trend line capping gains against its US namesake since late October. A daily close above 0.7595 (38.2% Fibonacci expansion, trend line) exposes the 50% level at 0.7658. Alternatively, a turn below trend line support at 0...
JP Morgan CEO Jamie Dimon showed his concerned as he feels the traditional banking world is facing huge competition from Bitcoin. He warned investors and those in the banking industry that “Silicon Valley is coming...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, and NZD/USD. EUR/USD: tested above 1.1000 a few times and are is now back at the very low end of the recent range. We expect the heavy tone to remain intact and will keep playing this accordingly...
The British pound was seen trading lower against the Japanese yen, as the latter one was bid across the board. Plus, the British also weakened in the short term igniting downside reaction in GBPUSD, GBPJPY...
On Monday oil prices rose for a third straight session on lingering expectations that U.S. crude-oil production is set to slow...
On Monday the euro eased off one-month lows but gains were limited as expectations for an upcoming U.S. rate hike, as well as Greece jitters undermined the sentiment on the single currency...
Hillary Clinton running for president, China's disappointing data, India-Germany business relations - below are the most important things markets discuss today...
