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USD/CAD edged higher in the mid-European session, recovering losses from the previous session on strengthening US dollar across the board. Focus on US and Canada’s labour report Currently, the USD/CAD pair traded higher by 0.21% at fresh session highs of 1...
Weekly digest compiles the latest news from the world of stocks and finance, currency and commodity news, as well as interesting informative articles for traders. Top news of the week: Greece's drama, its relations with Troika and future of European economy...
Crude prices in the US eased from the high of USD 52.00/barrel, as concerns of the supply glut, coupled with little prospects of easing from China caps gains witnessed due to violence in Libya...
The KBC Bank Research Teamviews that with consensus remaining optimistic for the NFP print, and the recent US data coming out mixed, a slight disappointment may be felt from today’s payrolls data. Key Quotes “The consensus expects employment growth at 230.000 (from 252.0000...
AUDUSD - With AUDUSD threatening further corrective recovery, bull pressure is envisaged. On the downside, support resides at the 0.7750 level where a breach will aim at the 0.7700 level. Below that level will set the stage for a run at the 0...
James Knightley, Senior Economist at ING, comments that with the BoE already warning of upside risks to medium-term inflation, we suspect there will be a relatively hawkish tone in next week’s BoE’s inflation report...
Finding a strong directional move is the first priority of any trend trader. However, when having to select a currency pair to trade, it can be difficult to identify the best trends. For the ADX 50 strategy we will be using the ADX (Average Directional Index) indicator for this process...
The Canadian dollar continues to show strong movement this week, posting strong gains on Thursday. USD/CAD is trading in the mid-1.24 range in the North American session. On the release front, Canadian Trade Balance remained steady at C$-0.6 billion. In the US, key data was a mix on Thursday...
Talking Points: Dollar at Risk of Sharp Reversal Given the Wrong NFP Step Euro: How Much Worse Can Things Get? British Pound Unmoved by BoE Decision, But Next’ Report Will Hit Dollar at Risk of Sharp Reversal Given the Wrong NFP Step...
The common currency largely bypassed the German data release, with EUR/USDsidelining around 1.1460/65. EUR/USD keeps the red The demand for the euro remains subdued on Friday while markets are exhibiting the classic flat-line pattern pre-US Payrolls...
According to FXStreet Editor and Analyst, Omkar Godbole, GBP/USD might remain stuck in the 1.5260-1.5340 range till the North American session opens. Key Quotes “The GBP/USD pair extended gains to 1.5340 levels in the previous session after having breached the resistance zone at 1.52-1...
The RBA Isn't Finished Loosening Monetary Policy The Reserve Bank of Australia released its latest quarterly monetary policy statement earlier in the Asia session...
Brent Oil futures on ICE rebounded sharply today, extending its recovery mode from six year lows, and is set to for a weekly increase amid falling output as tensions escalate in Libya. Eyes USD 59/ barrrel Currently, Brent oil trades 2.22% higher at USD 57...
EUR/USD is shedding some of yesterday gains, focused on the US Payrolls although keeping the trade above 1.1400. “Intra-day, the pair may remain supported going into the US NFP tonight (1330 GMT) and a breach of 1.1500 may invite a test towards 1...
For the 24 hours to 23:00 GMT, the GBP rose 0.97% against the USD and closed at 1.5335, extending its previous session gains. Yesterday, the BoE made no changes in its monetary policy and maintained its key interest rate unchanged at a record-low of 0.5...
For the 24 hours to 23:00 GMT, the EUR rose 1.23% against the USD and closed at 1.1477, on the back of stronger than expected factory orders data in Germany, coupled with the European Commission's upbeat assessment about the Euro-economy. Data showed that German factory orders rebounded 4...
Economic Data (AU) AUSTRALIA JAN AIG PERFORMANCE OF CONSTRUCTION INDEX: 45.9 V 44.4 PRIOR; 3rd month of contraction (JP) JAPAN JAN OFFICIAL RESERVE ASSETS: $1.26T V $1.26T PRIOR Index Snapshot (as of 03:30 GMT) Nikkei225 +0.6%, S&P/ASX +0.3%, Kospi -0.2%, Shanghai Composite -1...
The TD Securities Team previews the data ahead for US, anticipating a 245k gain in headline payrolls...
For the 24 hours to 23:00 GMT, the USD declined 0.46% against the CHF and closed at 0.9214. The Swiss Franc gained ground, after Switzerland's SECO consumer confidence data surprisingly improved to a reading of -6.0 in January, confounding market expectations of a fall to a level of -13.0...
Gold prices on Comex rallied to fresh session highs, snapping losses from the previous session. However, gold prices are poised to record biggest weekly loss in almost two months. Rises from 1262.50 levels Currently, gold trades higher by 0.40% at 1267...
