Japan's Post Bank sees USDJPY at 108.00 as "Fair Value" Japan's Post Bank Co. published their latest review this Tuesday. Key Headlines: See USDJPY at 108.00 as "fair value" Hard to expect yen to decline this year...
Asian Markets Turn Positive, Nikkei Up Around 2 Pct Major Asian indices are trading on a positive note on Tuesday. On the other side, Gold dips below $1270 and trading around $1264 marks. Today Japanese Yen hits fresh weekly low against US dollar and trading around 108.84 marks...
Norges Bank to Leave Rates Unchanged – Danske Bank Research Team at Danske Bank, expects the NB to leave the sight deposit rate unchanged at 0.50% and to re-iterate its dovish bias from the March meeting...
Fitch: Sharper Yuan Devaluation Could Trigger Volatility Reuters reporting commentary from Fitch Ratings comments on China and the yuan: China rebalancing, yuan volatility key risks for APAC Easing policies implemented by Chinese authorities in recent quarters reduce risk of a hard landing in 201...
Korea: BOK to Stay on Hold for Now - Nomura Young Sun Kwon, Research Analyst at Nomura, suggests that although their Bank of Korea (BOK) Signal Index suggests a high likelihood of a rate cut this Friday, they maintain their call that the BOK will stay on hold as we believe policy easing will come...
China: Steel’s Recent Resurgence Risks Derailing Industry Reform - NAB Gerard Burg, Senior Economist at NAB, suggests that a credit-fuelled rebound in China’s construction activity has breathed new life into the country’s beleaguered steel industry...
Gold Drops to Lows Near $1,270 The troy ounce of the precious metal is trading on a negative fashion on Monday, coming down to test the vicinity of $1,270, or daily lows...
Oil Erase Early Gains to $46.00, Turns Negative but Holds $44.00 WTI crude oil futures once again are seeing selling pressure at higher levels, near $45.90-$46.00/barrel mark, forcing the commodity to erase all of its early gains to currently trade at low point of the day $44.20...
Oil: Market Hit with the Tragic Wildfires Spreading through Canada – Deutsche Bank Research Team at Deutsche Bank, suggests that the big story for energy markets are the tragic wildfires spreading through Canada currently...
Would Brexit Lead to a UK Rate Cut? – Investec Research Team at Investec, notes that the Sunday Times was reporting yesterday that the Bank of England has asked banks to prepare for the possibility of a rate cut if Britain leaves the EU, without attributing the statement to any particular source...
ECB’s Constancio: ECB is Determined to Pursue Expansionary Policy Speaking at an event in London, ECB governing council member Constancio noted that the central bank’s monetary policy should remain expansionary...
Pivot Points Hourly Last Updated: May 9, 5:00 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.13527 1.13743 1.13879 1.13959 1.14095 1.14175 1.14391 USD/JPY 106.719 107.03 107.149 107.341 107.46 107.652 107.963 GBP/USD 1.43996 1.44104 1.44174 1.44212 1.44282 1.4432 1.44428 USD/CHF 0.96919 0.97065 0...
Gold 'out of sync' with VIX, Takes Lead from USD/JPY One of the most striking features of the 2016 Gold rally is the decoupling with the VIX from a macro-level perspective, especially during mid-February...
Pivot Points Hourly Last Updated: May 9, 4:04 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.1361 1.13725 1.13774 1.1384 1.13889 1.13955 1.1407 USD/JPY 106.788 107.122 107.291 107.456 107.625 107.79 108.124 GBP/USD 1.43748 1.43949 1.4405 1.4415 1.44251 1.44351 1.44552 USD/CHF 0.97064 0.97179 0...
Pivot Points Weekly Last Updated: May 9, 3:30 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.10049 1.12354 1.13166 1.14659 1.15471 1.16964 1.19269 USD/JPY 102.804 104.755 105.923 106.706 107.874 108.657 110.608 GBP/USD 1.38254 1.41802 1.43014 1.4535 1.46562 1.48898 1.52446 USD/CHF 0.90608 0...
Oil Jumps Towards $46 on Saudi Arabia, Canada Fires Oil has opened over $1 higher in early Asia, currently trading just shy of $46/barrel from $44.58 last Friday close, following news that Saudi Arabia ousted its long-time oil minister Ali Al-Naimi...
Technical Reviews for Gold and Silver (May 2016) Content courtesy of Tallinex Limited https://www.tallinex.com GOLD (XAUUSD) Dominant bias: Bullish Gold was quite choppy during the first three weeks of April - characterized by short-term upswings and downswings, all in the context of an uptrend...
Gold Side-Lined Below $1280 Ahead of US NFP The yellow metal currently consolidates its overnight rise amid cautious trades as all eyes now remain on the highly influential US employment data due later today...
Oil Settles Higher as Canadian Fire, Libya Conflict Limit Supply Crude oil prices rallied at the beginning of the day, with WTI futures posting a daily high of $46...
