Price Of Gold Pulls Back Sharply Amid Dollar Strength After ending the previous session moderately higher, the price of gold showed a substantial move back to the downside during trading on Wednesday. Gold for April delivery tumbled $24.60 to $1,224 an ounce after ending Tuesday's trading up $4...
GBP/USD Coming a Cropper this Week on Brexit Fears GBP/USD has taken a beating, falling this week from 1.4395 meeting a low of 1.4095 so far with strong momentum...
EUR/USD Falls for the Fourth Day in a Row EUR/USD printed a fresh daily low during the American session at 1.1159, hitting the lowest level since last Wednesday, when the Federal Reserve announced its decision on monetary policy...
AUD/JPY: Downside Held Up by USD/JPY AUD/JPY has lost out to market's risk aversion and has penetrated the 85 handle to the downside now, testing levels below 84.80 support. AUD/JPY plummeted along with the Aussie from the 0.76 handle to deep levels on the 0.75 handle (0...
Dollar Adding To Recent Strength The dollar is gaining ground against its major rivals Wednesday afternoon, continuing a trend that began at the end of the previous trading week...
NZD/USD: Pressure on the Pair is Increasing Following minor rise in the pair NZD/USD at the beginning of the Asian session caused by the report of the dairy company Fontera, the NZD continued to decline against the USD. Support level is at 0...
NZD/USD: NZD is Under Pressure On Wednesday the largest dairy company of New Zealand “Fonterra” reported the rise in net profit, which was 409 million NZD in the past 6 months compared to 184 million NZD for the previous period. However, this news did not boost the rise in the NZD...
Brent: The Price is at the Resistance Level of 41.50 Since the beginning of the trading week the price of crude oil Brent has been in the narrow channel at resistance level of 41.50 (ЕМА144 on the daily chart). Trading volume is low...
Oil prices picked up after Genscape reported on the first draw in Cushing stocks since January. Gold, copper prices faded amid poor liquidity Continue Reading...
GBPJPY continues to trade within a descending technical formation with the pair testing support at 158.48. Here are the updated targets & invalidation levels ...Continue Reading...
Many will think that it may be odd to contemplate the consequences of interest rates rising when all we hear points towards further procrastination by central banks, with some going even further and dipping their toes into the unorthodox water of negative interest rates...
The USDOLLAR Index has rallied everyday this week, but if it wants to rally further, it's going to need to clear out a recent swing level just overhead. Continue Reading...
Bitcoin is the most popular virtual currency yet developed. Proponents assert that bitcoin can remove frictions involved in payment and settlement systems by eliminating the need for the financial intermediaries that exist in traditional currencies...
European Economics Preview: Swiss ZEW Economic Sentiment Data Due Economic confidence and economic forecast reports from Switzerland are due on Wednesday, headlining a light day for the European economic news. At 3...
NZD: Scope for Short-term Rates to Move Lower Over Time - ANZ Research Team at ANZ, suggests that with the market not fully pricing in the 50bps of RBNZ cuts they expect over 2016, there is scope for short-term rates to move lower over time...
ECB: Less Focus on Rates, More on Volumes – Rabobank Research Team at Rabobank, notes that the ECB announced a comprehensive easing package on 10 March, including a 10bp deposit rate cut, new 4-y TLTROs and an expansion of QE by EUR20bn to EUR80bn a month, with IG non-bank corporate sector bonds...
USD/CAD Upside Capped Around 1.3100 The Canadian dollar is giving away part of the recent gains vs. its neighbor on Wednesday, with USD/CAD trading on a firm note near 1.3080...
Currency Truce and Polanyi’s Paradox – SocGen Research Team at Societe Generale, notes that the term ‘Currency Wars’ was used by Brazil’s erstwhile Finance Minister, Guido Mantega, in September 2010 in response to moves by some (Asian) countries to resist upward pressure on their currencies from...
Pivot Points_Daily Last Updated: Mar 23, 10:15 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.1077 1.11487 1.11819 1.12204 1.12536 1.12921 1.13638 USD/JPY 109.83 110.944 111.635 112.058 112.749 113.172 114.286 GBP/USD 1.38492 1.40562 1.41299 1.42632 1.43369 1.44702 1.46772 USD/CHF 0.96202 0...
