The stock markets in the US extended the risk-off sentiment seen in the Asian and European equities after a weak china data renewed growth concerns and led to a fresh sell-off in oil/commodity prices. At the time of writing, the Dow Jones Industrial Average (DJIA) was down 0.90% or 153 points...
The stock markets in the US extended the risk-off sentiment seen in the Asian and European equities after a weak china data renewed growth concerns and led to a fresh sell-off in oil/commodity prices. At the time of writing, the Dow Jones Industrial Average (DJIA) was down 0.90% or 153 points...
The stock markets in the US extended the risk-off sentiment seen in the Asian and European equities after a weak china data renewed growth concerns and led to a fresh sell-off in oil/commodity prices. At the time of writing, the Dow Jones Industrial Average (DJIA) was down 0.90% or 153 points...
Oil has plunged to multi year lows after OPEC in its meeting on Friday decided to stick to its policy of pumping record volumes, disregarding the global oil glut concerns. OPEC decided to produce closer to 31...
A weak China trade data, coupled with a sharp drop in crude prices to lowest since 2009 triggered a risk-off in the markets and led to a flight to safety. The US treasuries, one of the traditional safe haven assets, advanced today, pushing the yields lower. The benchmark 10-yr yield lost 1...
On Tuesday Brent futures crashed to $39.8 a barrel and WTI futures fell down to $36.6 a barrel - the weakest levels in seven years. Previous prices at nearly $108 a barrel in June 2014 has finally wiped out in 2015. The Dow dropped 117 points yesterday, with the energy sector its biggest drag...
The EUR/USD hit a fresh session high of 1.0890 as the S&P 500 futures dropped 1%, pointing to heightened China-led risk aversion ahead. Safe haven/funding currencies on the rise The risk-off is supporting gains in the safe haven/funding currencies like JPY, EUR. Both currencies are up 0...
ECB member Jens Weidmann said that he does not believe that further easing is necessary, adding that the Eurozone is far away from a deflationary spiral, Bloomberg reports...
According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the door could be open for a test of the 136.15 level. Key Quotes “EUR/JPY has eased back from the 4 month resistance line at 134.58 and very near term we would allow for some slippage to 132...
The offered tone around CAD gathered pace in the early US session, pushing the USD/CAD to a fresh session high of 1.3606 as oil prices fell into losses...
In the view of Karen Jones, Head of FICC Technical Analyst at Commerzbank, the cross remains bid while above the 1.0800/12 area. Key Quotes “EUR/CHF continues to hold upside potential near term and while above 1.0800/12 we will consider that the market is bid. Initial resistance is 1...
The leading indicators released today by the Organization for Economic Cooperation and Development (OECD) showed the growth is firming up in India and the Eurozone economy is showing signs of stabilization...
Brent oil futures advanced 1% following a sharp sell-off on Monday that took prices to 6-1/2 year low of USD 40.60/barrel. At the time of writing, Brent Jan futures were up 1.5% or 61 cents at USD 41.34/barrel. Prices are still well below the previous 2015 low of USD 42.22/barrel...
Dear Traders, While the British Pound continued to weaken against the U.S. dollar, the euro tested the 1.08-barrier which lends a short-term support for the currency pair...
Dmytro Bondar, Technical Analyst at RBS, suggests that the Brent market broke below 42.00, which was our 2015 year-ahead target and previously limited the sell-off in August...
Lee Hardman, Currency Analyst at MUFG, notes that the renewed slide in the price of crude oil has been the main market focus early this week following last week’s OPEC meeting which failed to provide any support...
UK’s manufacturing output in red, declined to -0.1 per cent year on year in October. Month on month it fell 0.4 per cent, lower than expectation. New orders deteriorated at a fastest pace since 2009. Lower oil prices have hurt manufacturers...
UK’s manufacturing output in red, declined to -0.1 per cent year on year in October. Month on month it fell 0.4 per cent, lower than expectation. New orders deteriorated at a fastest pace since 2009. Lower oil prices have hurt manufacturers...
Copper prices swung between small gains and losses on Tuesday, as the latest trade figures out of China added to concerns over the health of the world's second-biggest economy, while also pointing to strong demand for the red metal. Chinese exports slumped 6...
Copper prices swung between small gains and losses on Tuesday, as the latest trade figures out of China added to concerns over the health of the world's second-biggest economy, while also pointing to strong demand for the red metal. Chinese exports slumped 6...
