NOK, CAD: Its All about Oil? - Rabobank Jane Foley, Research Analyst at Rabobank, notes that yesterday Nigerian oil Minister Emmanuel Ibe Kachikwu reportedly stated that the country’s oil production had fallen by almost 40% to 1.4 b/d due to militant attacks on facilities in the Delta region...
Fed: June Rate Hike Chances Growing - ING Rob Carnell, Chief International Economist at ING affirms that recent economic data and current financial conditions increased the chances of a rate hike from the Federal Reserve at the June meeting Key Quotes: “With inflation heading back in the right di...
USD/JPY Erases Gains and Hits Fresh Lows Under 109.00 USD/JPY rose toward daily highs after US CPI data but then turned to the downsides and it has been falling constantly since then. Recently it dropped below 109.00 and currently trades at 108.95. It printed a fresh daily low at 108.82...
FxWirePro: Hedge Renewed Aud Weakness Upon Risks of RBA'ss Easing Cycle The RBA doesn’t seem to have finished cutting interest rates, and markets should refocus on China woes in H2...
Gold Tests Highs Around $1,280, Fedspeak Eyed The ounce troy of the precious metal is extending its weekly advance today, testing daily tops in the $1,280 area...
US Dollar Drops to 94.40 Despite US Data The greenback, measured by the US Dollar Index, is trading on the defensive today around the 94.40 area...
EUR/GBP Recovers Sharply, Erases Majority of its Losses to Move Back Above 0.7850 The EUR/GBP pair's recovery from day's through level of 0.7800 gained traction in the last one hour, boosting the pair back above 0.7850 level (20-day SMA region...
USD/JPY Likely to Move Towards 116 by 2016-End The USD/JPY vulnerability continues to be a major factor in FX through April. The pair continues to be on its volatile downtrend, noted Lloyds Bank in a research report...
EUR/USD: US Rate Hike Getting Closer? EUR/USD Current Price: 1.1310 The EUR/USD pair advanced up to 1.1339 this Tuesday, as risk appetite dominated the first half of the day. The pair however, retreated towards its daily lows in the 1...
EUR/USD Recovers Sharply to 1.1350 from Sub-1.1300 Level As the US trading session gets underway, fresh bids just below 1.1300 handle boosted the EUR/USD pair to the vicinity of 1.1350 level. The pair initially dropped below 1...
USD/CAD Neutral/Bullish Short-Term – Scotiabank FX Strategist at Scotiabank Eric Theoret has reiterated the bullish perspective for the pair in the near term. Key Quotes “USDCAD remains bound within the (roughly) 1.2780-1.3000 range from early May”. “The 50 day MA (1...
USD/CAD Unable to Extend Momentum Beyond 1.2950 A slight better-than-expected CPI data and an extended slide in oil prices boosted the USD/CAD pair back above 1.2950 level before giving-up few pips to currently trade near 1.2939...
Copper is Leading the Move – BBH Research Team at BBH, notes that the Copper is leading the move, and a clean break of the 208 area would set up a test of the January low near 193.55...
USD/CHF Tests 0.9800 on Mixed US Data The greenback's rebound from lower levels intensified after the release of upbeat US CPI for April, lifting the USD/CHF pair beyond 0.9800 handle. The pair accelerated its up-move to 0.9804 after the US CPI printed above expectation figure of 0...
USD/JPY Eases from Highs Post-US CPI The upside in the greenback has eased a tad vs. its Japanese peer today, taking USD/JPY to the 119.30 area following the key US CPI. USD/JPY still bid ahead of Fedspeak, data The pair is fading part of the earlier spike to the vicinity of 109...
FxWirePro: BTC/USD Faces Strong Resistance at $470, Good to Sell on Rallies Major resistance -$470 (Apr 26th 2016) BTC/USD has slightly recovered from the low of $451 yesterday. It is currently trading around $453.79 Minor trend is slightly bearish as long as resistance $470 holds...
GBP/USD Slides Further Below 1.4500 Handle on upbeat US CPI Print The GBP/USD pair extended its reversal from day's peak of 1.4524 to 1.4455 on slightly upbeat US CPI and mixed housing market data. According to the data release just a short while ago, US CPI for April came-in at 0...
USD/CAD Tests 1.2950 on US Data The greenback is intensifying its daily rebound today, now lifting USD/CAD to fresh session tops in the mid-1.2900s. USD/CAD firmer on upbeat US CPI Spot saw its upside momentum gathering further steam after US inflation figures gauged by the CPI gained 0...
EUR/USD Drops Further on US CPI The shared currency is now depreciating further vs. the dollar, dragging EUR/USD to fresh lows near the 1.1300 handle...
