US Stocks Open Lower on Disappointing Earnings and Drop in Crude Oil Prices Major US equity indices opened lower on Wednesday as disappointing earnings and a minor weakness in crude oil prices weighed on investor sentiment...
In 1870, John D. Rockefeller founded the Standard Oil Company that became the largest monopoly in the petroleum industry. After 135 years, in the fall of 2014, Rockefeller’s heirs called off their investments in fossil fuels...
U.S. Government Bonds Flat ahead of 30-Year Auction The U.S. Treasuries were left relatively unchanged on Wednesday during a quiet session that saw few economic releases of note. The yield on the benchmark 10-year bonds held unchanged on the session, staying near to 1...
EUR/USD Stretches to Fresh Highs as Dollar Pulls Back EUR/USD rose through the 1.14 mark and stretched to fresh 5-day highs at the beginning of the American session, with the move mostly driven by USD profit taking. EUR/USD climbed to its highest level since last Friday at 1...
EUR/GBP Scales Through 0.7900 Handle, Eyeing 0.7925 Resistance The EUR/GBP pair maintained its bid tone on disappointment from UK industrial production data and has now moved past 0.7900 handle to currently trade near day's peak at 0.7907...
GBP/USD Continues to Struggle at Ascending Trend-Channel Resistance The GBP/USD pair's recovery from day's through level of 1.4394 gained momentum but failed to lift the pair beyond a short-term ascending trend-channel resistance, near day's peak level of 1.4467...
AUD/USD Bounces Off 100-Day SMA, Revisits Daily Highs AUD/USD advanced to retest daily highs at the beginning of the New York session in a bout of dollar selling, with nothing behind the move other than profit taking...
EUR/JPY Turns Flat, Reclaims 124.00 Level The EUR/JPY pair witnessed a sharp up-move in the last hour, lifting the pair back above 124.00 handle to currently trade at 124.20, nearly unchanged from yesterday's close. Earlier on Wednesday, the pair dropped to 123...
Gold Climbs Above $1275, Benefiting from USD Weakness A fresh bout of weakness across global financial markets is assisting Gold recovery for second day running, lifting the metal back above $1275 level...
EUR/USD Attempts to Consolidate Above 1.1400 EUR/USD is staging a mild recovery on Wednesday, having reversed completely previous day’s losses, amid a weaker greenback across the board...
Technical Analysis of AUD/JPY for May 11, 2016 AUD/JPY formed a massive support area around 79.80, while on the top there is strong resistance around 86.00 and AUD/JPY is clearly ranging between these levels...
Technical Analysis of EUR/JPY for May 11, 2016 Technical outlook and chart setups: The EUR/JPY pair has almost touched expected resistance at 124.50 levels yesterday before reversing lower. The pair is seen to be trading at 124.10 levels for now, looking to resume lower from here...
Technical Analysis of GBP/CHF for May 11, 2016 Technical outlook and chart setups: The GBP/CHF pair is seen to be trading at 1.4040 levels at the moment, after facing resistance at 1.4100 levels in early trades today. The pair looks to resume its downtrend as expected and discussed earlier...
Technical Analysis of Silver for May 11, 2016 Silver is trading at $17.50 levels at this moment after bouncing off $16.88 levels yesterday. The metal might be looking to retrace lower towards $17.00 levels from here, before resuming rally...
Technical Analysis of Gold for May 11, 2016 Technical outlook and chart setups: Gold is seen to be trading at $1,277.00 levels at this moment, after having bounced off a major support at $1,256.00 levels yesterday. The wave which began from $1,256...
Technical Analysis of USD/JPY for May 11, 2016 USD/JPY is expected to trade in a higher range as the pair is bullish above 108.20. Overnight U.S. stock indexes rose over 1% posting their biggest gains in two months...
Technical Analysis of USD/CHF for May 11, 2016 USD/CHF is expected to continue its upside movement. The pair stands firmly above its key horizontal support at 0.9680, and is challenging its nearest resistance at 0.9765...
Technical Analysis of NZD/USD for May 11, 2016 NZD/USD is turning up and expected to trade in a bullish bias. The pair is likely to post further rebound. At the same time, the 20-period moving average has crossed above the 50-period one, calling for further upside as well. As long as 0...
Technical Analysis of GBP/JPY for May 11, 2016 GBP/JPY is expected to post further gains. The pair has been supported by its rising 20-period and 50-period moving averages and is looking for a higher top. Meanwhile, the relative strength index still stays above 50. As long as 123...
