Brent: The Trice of Oil Went Up Last Week Fundamental news of last week triggered correction in oil prices. Last Friday the prices continue to rise after the release of the data from Baker Hughes, which showed that the number of operating drilling rigs in the USA has dropped by 8 units to 354...
BoC Reliant on Weakness in CAD - ING Viraj Patel, FX Strategist at ING explained, in respect of the Bank of Canada (BoC) coming up this week, with the policy rate likely to remain on hold, front-loaded CAD weakness is even more crucial for a central bank deeply reliant on export-led growth...
A Rise in Protection Against Yen Strength - Scotiabank Analysts at Scotiabank explained that the JPY is soft following a short-lived break to a fresh cycle high driven by stronger than expected machine orders data...
Pivot Points-Hourly Last Updated: Apr 11, 5:00 pm +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.13253 1.13752 1.14075 1.14251 1.14574 1.1475 1.15249 USD/JPY 107.456 107.824 107.953 108.192 108.321 108.56 108.928 GBP/USD 1.41636 1.42124 1.42443 1.42612 1.42931 1.431 1.43588 USD/CHF 0.94292 0.94743 0...
US Stock Futures Rise, Investors Eye Alcoa Earnings US stock futures are trading on a positive note today as risk appetite strengthened in Europe, while investors await Alcoa results. At the time of writing, Dow futures were trading 64 points or 0.37% higher...
WTI Off Highs, Returns to $40.00 The barrel of the West Texas Intermediate (WTI) keeps its daily gains today, albeit it has retraced the earlier spike to levels above the $40.00 mark. WTI looks to regain the $40.00 handle Crude oil prices have bounced off last week’s lows in the $35...
China: Important Inflation Numbers Out – Deutsche Bank Research Team at Deutsche Bank, suggests that there were important inflation numbers out of China this morning. Key Quotes “CPI for the month of March has printed at +2.3% yoy which was a smidgen below expectations (of +2...
US Dollar Surrenders Gains, Near 94.10 ahead of Fed The greenback, tracked by the US Dollar Index, has faded the earlier bullish attempt towards the 94.30/35, returning the 94.10 area. US Dollar now looks to Fed The index keeps the trade in the area of yearly lows in the vicinity of the 94...
Yen Rally Getting a Bit Extended Yen is enjoying its longest and strongest rally since the financial crisis, however that rally is looking a bit stretch now in the very near term and there could be short covering in USD/JPY, if equities rally or Dollar strengthens...
China: Housing Supports CPI Inflation; Subsiding PPI Deflation - ING Tim Condon, Chief Economist at ING, suggests that the evidence of demand-side CPI pressure and narrowing PPI deflation lessen the case for PBOC rate cuts...
Weakness of the US Economy has Undermined the Greenback - BBH Research Team at BBH, suggests that the weakness of the US economy and the caution by the Federal Reserve to raise rates again after the December lift-off has undermined the greenback...
Oil Prices Wobble as Output Freeze is Viewed with Skepticism Oil prices recovered losses seen in early Europe, but gains are hard to come as markets believe next Sunday’s output freeze meeting in Doha is unlikely to help address supply glut issue...
Political Pressure on the ECB Escalated - Rabobank Jane Foley, Senior FX Strategist at Rabobank, suggests that the political pressure on the ECB has stepped up a few notches after German Finance Minister Schauble blamed ECB policies for a rise in support for Germany’s rightwing Alternative for Ge...
Fed Speakers Along with BoE and BoC to Take Centre Stage This Week – Rabobank Jane Foley, Senior FX Strategist at Rabobank, suggests that there are no key data releases today although scheduled speeches from the Fed’s Dudley and Kaplan will ensure the outlook for Fed policy remains a prime focus...
Pivot Points-Weekly Last Updated: Apr 9, 12:30 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.07557 1.10408 1.1215 1.13259 1.15001 1.1611 1.18961 USD/JPY 107.883 110.101 110.845 112.319 113.063 114.537 116.755 GBP/USD 1.3577 1.39206 1.40702 1.42642 1.44138 1.46078 1.49514 USD/CHF 0.91671 0...
Pivot Points-Daily Last Updated: Apr 9, 12:30 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.11551 1.12716 1.13234 1.13881 1.14399 1.15046 1.16211 USD/JPY 104.095 106.333 107.249 108.571 109.487 110.809 113.047 GBP/USD 1.38688 1.39774 1.40161 1.4086 1.41247 1.41946 1.43032 USD/CHF 0.9433 0...
The Sensex touched a high of 24,853.59 points and a low of 24,523.20 points during the intraday trade. The BSE market breadth was tilted in favor of bulls -with 1,353 advances and 1,109 declines. The barometer index had closed flat on Friday. It inched down by 12 points or 0.05 percent...
Gold Trims Gains as Stocks Rise Gold continued to surrender gains, now trading around $1247 levels as stock markets in Europe erased early gains to trade higher. Offered at $1254.32 Prices turned lower from a three-week high of $1254...
