WTI Off Highs, Still Above $40.00 Crude oil prices are extending the rally today, posting fresh multi-month peaks above the $41.00 mark, albeit deflating a tad afterwards. WTI in fresh 2016 highs The barrel of West Texas Intermediate has managed to advance beyond the $41...
Belgium Consumer Confidence At 5-month Low Belgium's consumer confidence deteriorated for a third straight month to its lowest level in five months, survey data from the National Bank of Belgium showed Friday. The consumer confidence index dropped to -7 from -5 in February...
U.S. Consumer Sentiment Unexpectedly Drops To Five-Month Low In March Consumer sentiment in the U.S. has unexpectedly fallen to a five-month low in the month of March, the University of Michigan revealed in a report on Friday...
Dollar Slides Versus Most Majors Ahead Of Consumer Sentiment Index The University of Michigan is scheduled to release its preliminary consumer sentiment index for March at 10 am ET Friday. Economists expect the index to rise to 92.2 from 91...
Canadian Dollar Extends Rally After Strong Retail Sales Data The Canadian dollar extended its early advance against the other major currencies in European deals on Friday, as Canadian retail sales accelerated at a faster pace in January...
Gold Recovers from 5-DMA Support Gold found support at 5-DMA level of $1247.87, but remains weak on the day around $1252.45 levels amid minor recovery in the USD index and moderate gains in the US stocks. Is Gold unimpressed by dovish Fed...
USD/JPY Extends Gains Ahead of Fed Speak The US dollar stays on a front foot against Japanese Yen, pushing USD/JPY higher to 11.60 levels ahead of speeches from Fed’s Rosengren and Dudley...
EUR/USD Attempts a Tepid Bounce to 1.1300 The single currency is trimming earlier losses vs. the dollar, now pushing EUR/USD back to the area of 1.1290/1.1300 ahead of US data...
GBP/USD Attempting Break Above 1.45 GBP/USD turned positive and is now attempting to break above 1.45 handle after BOE’s quarterly bulletin informed markets about UK economy’s resilience to China slowdown...
USD/CAD Drops to 1.2940 on Data, Oil Soars CAD has recovered the positive territory vs. its American neighbour on Friday, dragging USD/CAD to fresh lows near 1.2940...
BOE Downplays Negative Impact of China Slowdown on UK Economy Bank of England (BOE), via its quarterly bulletin, assured markets the UK economy is less exposed to China slowdown as widely believed. Key points Slowdown of 1% in China equates to around 0...
German PPI Falls More Than Expected In February Germany's producer prices declined at a faster-than-expected pace in February, data from Destatis showed Friday. The producer price index fell 3.0 percent year-over-year in February, exceeding economists' expectations for a 2.6 percent decrease...
Euro Falls Ahead Of German PPI At 3:00 am ET Friday, German statistical office Destatis is due to release its producer prices report for February. Producer prices are expected to fall 2.6 percent year-over-year in February after the 2.4 percent drop in January...
Gold Turns Negative as USD Strengthens Profit taking on USD shorts ahead of the weekend weighed over Gold as well, pushing the metal into the negative territory in European session...
EUR/USD Dips Below 1.13 on ECB Praet’s comments EUR/USD dipped to a session low of 1.1279 levels after ECB’s chief economist assured markets that the central bank has not run out of ammo and could cut rates further. Trades below key Fibo The spot trades below 1.1293, which is the 23...
Asian Stocks Aim for Fifth Weekly Gain, Turn Positive for the Year Asian stock markets advanced on Friday following an oil-driven rally on Wall Street yesterday. Scorecard MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0...
Antipodean Currencies Gain Amid Rising Risk Appetite Antipodean currencies such as the Australian and the New Zealand dollars strengthened against their major counterparts in the Asian session on Friday amid rising risk appetite following positive cues from Wall Street overnight and higher crude...
FXWIREPRO: NZD/USD Breaks Strong Resistance at 0.6850, Good to Go Long on Close Above, Target 0.6925
FXWIREPRO: NZD/USD Breaks Strong Resistance at 0.6850, Good to Go Long on Close Above, Target 0.6925 Broad based weakness in US Dollar and rising commodities buoying the Kiwi. The pair has broken strong resistance at 0.6850 on the day, but has pared some gains to currently trade at 0.6836 levels...
