US stocks closed with losses for third straight session on Wednesday, having taken a negative turnaround following a positive opening. The Dow Jones Industrial Average fell 75.36 points, or 0.43%, to 17,492.64. The S&P 500 dropped 15.95 points, or 0.77%, to 2,047.64...
The oil pice is falling by breaking key support levels to below for the bearish trend to be continuing so let's review some oil stocks in the technical point of view. Most oil stocks are located on the ranging market condition waiting for direction: this is not up, but has not yet down...
According to Eric Theoret, FX Strategist at Scotiabank, the pair’s outlook remains bullish in the near term. Key Quotes “USDCAD’s breakout to fresh multi-year highs has coincided with a renewed bullish turn in both trend and momentum indicators”. “There are few major resistance levels ahead of 1...
Prices for crude oil keep recovering ground on Wednesday, now managing to retake the $38.00 handle as USD-selling intensifies. WTI firmer ahead of EIA After hitting fresh multi-year lows near $36...
The common currency extends its daily upside vs. the dollar, now pushing EUR/USD to session tops near 1.0950. EUR/USD bid on USD weakness The greenback has accelerated its downside after the US Dollar Index has broken below the key support at 98...
The relentless sell-off in the commodities space this year has pushed the Bloomberg commodity index lower by 25%. The index closed at its weakest level since 1999 on Tuesday as commodity rout picked up pace following the weak China trade data...
The relentless sell-off in the commodities space this year has pushed the Bloomberg commodity index lower by 25%. The index closed at its weakest level since 1999 on Tuesday as commodity rout picked up pace following the weak China trade data...
Oil prices trimmed gains, but continue to trade on a positive note in the US session as traders await the US government’s weekly inventory data. At the time of writing, the WTI Jan futures were up 0.5% or 19 cents at USD 37.740/barrel. Brent futures were up 0.46% or 19 cents at USD 40.47/barrel...
Research Team at TDS, thinks it is a coin toss whether on Friday, 11 December the CBR keeps its Key Rate on hold at 11.00% or whether it cuts by 50 bps...
Research Team at BBH, suggests that the slow news week picks up tomorrow with the RBNZ, SNB and BOE meetings. Key Quotes “Friday brings US retail sales. Today’s US wholesale trade report may be used by Q4 GDP trackers because of the information on inventories...
The price is located below Ichimoku cloud for the primary bearish area of the chart for the secondary ranging within the following key reversal s/r levels: 13.82 support level located far below Ichimoku cloud in the primary bearish area of the daily chart, and 16...
The ECB member Edwald Nowotny defended the last week’s decision to cut deposit rates, but avoid increasing the size of the QE and said the central bank would not let the market expectations to influence its decision...
The ECB member Edwald Nowotny defended the last week’s decision to cut deposit rates, but avoid increasing the size of the QE and said the central bank would not let the market expectations to influence its decision...
Karen Jones, Head of FICC Technical Analysis at Commerzbank, the single currency could re-test the 1.0980 area vs. the greenback. Key Quotes “EUR/USD is attempting to stabilise very near term circa 1.08”. “There is scope for a further advance very near term to the 1.1032 200 day ma and even the 1...
The IFO economic institute revised its 2016 German GDP forecasts higher and stated the private consumption will continue to drive the upswing. Key Points 2016 GDP forecast raised to +1.9% from the previous forecast of 1.8% 2015 GDP forecast lowered to +1.7% from the previous forecast of +1...
The selling pressure on the AUD intensified in the European morning, knocking-off AUD/USD to fresh session lows below 0.72 handle. AUD/USD drops to 50-DMA Currently, the AUD/USD pair trades -0.28% lower at fresh session lows of 0.7193, heading for a retest of Tuesday’s low struck at 0.7184...
Japan's core machinery orders threw in a surprise by rising 10.7 per cent in October, registering gains for the second straight month. The gains were higher than a 7.5 per cent increase in September, which had seen the first increase in core orders in four months...
With the USD having appreciated consistently for approximately eighteen months, there is massive long positioning in the market...
In the view of Pernille Henneberg, Senior Analyst at Danske Bank, the Norwegian krone remains vulnerable in light of the slump of crude oil prices and the prospects of rate cuts by the Norges Bank...
The two-day rally seen in gold appears to lose steam near 5-DMA placed at 1079 levels and the price drifted lower amid positive sentiment on the European stocks. Gold: Higher lows on daily charts, breakout in sight? Currently, gold trades marginally higher at 1076...
