Gold Trades Comatose in Asia as Investors Await Fed Gold traded on a flat note as investors consider the possibility of Fed indicating a possibility of rate hike this year...
New Zealand Q4 Current Account Deficit Widens New Zealand's current account deficit increased in the three months ended December, mainly due to a fall in earnings from both goods and services exports, figures from Statistics New Zealand showed Wednesday...
Pound Drops Against Most Majors The British pound weakened against most major currencies in the Asian session on Wednesday. The pound fell to a 6-day low of 1.4124 against the U.S. dollar, from yesterday's closing value of 1.4149. Against the euro and the Swiss franc, the pound edged down to 0...
Bank of Japan Governor Haruhiko Kuroda said there is room to slash interest rates to around minus 0.5 percent, countering a growing suspicion that public criticism over January's decision to adopt negative rates will prevent him from pursuing with the policy...
USDCAD: Rally continues - Scotiabank Research Team at Scotiabank, notes that the USDCAD continues to rally from Friday’s fresh multi-month low, testing near term resistance around 1.3400 at the upper bound of the descending wedge formation off the January highs...
Yen Falls Against Majors The Japanese yen weakened against the other major currencies in the Asian session on Wednesday. The yen fell to 126.01 against the euro, 160.45 against the pound and 114.96 against the Swiss franc, from yesterday's closing quotes of 125.68, 160.07 and 114.54, respectively...
BoE Interest Rate Expectations – Lloyds Bank Gajan Mahadevan, Research Analyst at Lloyds Bank, suggests that the changes in UK rate expectations have been a key factor in the decline in GBP/USD...
Australian Dollar Drops Against Most Majors The Australian dollar weakened against most major currencies in the Asian session on Wednesday. The Australian dollar fell to a 6-day low of 0.7439 against the U.S. dollar, from yesterday's closing value of 0.7456...
EUR/JPY Rejected off 126.00 Resistance EUR/JPY saw heavy demand in early Tokyo, sending the pair straight into the 126.00 resistance level - prior triple bottom -, from where offers have managed to cap further upside, allowing a mild correction lower towards 125.80, current price...
Pivot Points-Daily Last Updated: Mar 16, 5:30 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.09934 1.1047 1.10773 1.11006 1.11309 1.11542 1.12078 USD/JPY 110.26 111.772 112.435 113.284 113.947 114.796 116.308 GBP/USD 1.38628 1.40299 1.40892 1.4197 1.42563 1.43641 1.45312 USD/CHF 0.97767 0.98235 0...
The Bank of Japan, last night decided to leave their current stimulus plan unchanged, in addition to the current benchmark rate at -0.10%. The members votes 8-1 to keep the current stimulus package at ¥80 trillion. The members also voted 7-2 to keep the benchmark rate unchanged...
Brent Oil Slides, Eyes 100-DMA Support Oil benchmarks are being offered, with Brent now trading well below hourly 200-MA and appears on track to test 100-DMA support at $38.40 levels. Brent down 2% Futures currently trade 2% lower on the day around $38.75/barrel...
AUD/USD Slumps to Lows Near 0.7460 The Aussie dollar is now depreciating further, dragging AUD/USD to visit fresh lows in the 0.7460 area...
EUR/USD Above 1.11 as Stoxx 50 Futures Drop The bid tone around EUR strengthened on signs of risk-off in equities, pushing the EUR/USD above 1.11 handle and to a session high of 1.1118 levels. Weak stocks support EUR At the time of writing, Stoxx 50 futures were down 0...
GBP/USD Trades Below 50-DMA British Pound extended its depreciating trend in Asia, taking the GBP/USD pair well below its 50-DMA located at 1.4303 levels. Eyes 50% Fibo The pair is now trading within a striking distance from 1.4252 (50% of 1.4668-1.3835...
EUR/USD Wobbles Around 1.1100, US Data Eyed The single currency is alternating gains with losses vs. the greenback on Tuesday, taking EUR/USD to the area around 1.1100 the figure. EUR/USD supported near 1...
AUD: Focus on the Labour Market, RBA Minutes & FOMC – NAB Research Team at NAB, suggests that the recent RBA communications have focused on whether the Australian labour market can continue its improvement and whether early-year financial market volatility impacts on the outlook for global or...
NZD/USD Drops Towards 200-DMA as Commodities Tumble The NZD/USD pair witnessed heavy sell-off over the last couple of hours as risk-sentiment deteriorated amid global sell-off. NZD/USD deflates from 0.6685 Currently, the NZD/USD pair trades -0.28% at 0.6656, having posted fresh session lows at 0...
Weaker Greenback Leaves Door Open for the Fed - Scotiabank Derek Holt, Research Analyst at Scotiabank, suggests that there are thought to be two main impediments to the Fed hiking in the near-term including the higher odds of a hike this week than markets are pricing...
