We have no trade call for the session as it is Monday and there is no tier 1 data due up. Start your week off on the right foot by reading my currency update below. Currency Update: USD: The market currently prices a 72% probability for a Fed rate hike on December 16...
Prakash Sakpal, Economist at ING, suggests that the Chinese policy challenge remains trying to support manufacturing growth and prevent its slowdown from spreading to the services economy. Key Quotes “The November data dump starts...
Gold prices found support at USD 1080.48 (23.6% of Oct 15 high-Dec 3 low, but the rebound was not seen on account of a the USD rally in the European session. USD strength capped gains The metal clocked a high of USD USD 1086...
Iron ore prices fell below USD 40; its lowest since 2009 due to increasing low-cost supply (partly due to low oil prices) and falling demand from China. As per Bloomberg report, “Ore with 62% content delivered to Qingdao lost 2.4 percent to $39...
The stock markets in Europe advanced on Monday after the sharp sell-off on Thursday and Friday following the ECB’s disappointing stimulus announcement. At the time of writing, the pan-European Euro Stoxx 600 index was 1.5% or 5.56 points higher to 376.15 levels...
The data released by the Commodity Futures Trading Commission (CFTC) for the week ended Dec 1 showed traders trimmed overall bullish bets last week, after having pushed the same to a new bullish position in the previous week...
The broad based USD rally in Europe coupled with a moderate drop in oil prices pushed the USD/CAD pair to a two-week high of 1.3422 in the European session...
A renewed bout of buying interest seen around the US dollar in last hours, drove USD/JPY to a new two-day high near 123.50 levels. USD/JPY rises along with the USD Currently, the USD/JPY pair trades 0.23% higher at 123.40, having surpassed Friday’s high and posted fresh daily highs at 123.44...
The data released by the Commodity Futures Trading Commission (CFTC) for the week ended Dec 1 showed traders trimmed the net bullish positions in WTI oil futures for 4th straight week...
According to data from the People's Bank of China (PBOC), reported via MNI, the value of China's gold reserves fell to $59.52 billion at the end of November from end-October's $63.26 billion...
According to Analyst at Danske Bank Kristoffer Lomholt, occasional bullish attempts by the cross should appear as limited for the time being...
Imre Speizer, Senior Markets Strategist at Westpac, suggests that markets have increased the chance the RBNZ will ease by 25bp on 10 December, from 48% last week to 60% currently. Key Quotes “A full cut is not priced until March 2016. We assess the chance of a December cut at around 60...
Oil futures on Nymex continued to trade in the negative territory on Monday, extending heavy losses seen on last Friday after OPEC’s meeting turned out to be non-event. WTI hovers near multi-week lows Currently, WTI -0.84% to 39.62, retreating slightly from fresh session lows struck at 39.41...
Option expiry’s for today New York cut at 10:00 ET, via DTCC, can be found below. - EUR/USD: 1.0800 (E1.9Bln), 1.0850 (E1.4Bln), 1.0900 (E1.2Bln), 1.1000 (E1.7Bln) - GBP/USD: 1.5000 (Gbp652M). - EUR/GBP: 0.7125 (E319M), 0.7225 (E279M), 0.7275 (E201M) - AUD/USD: 0.72300 (A$1BLN), 0.7300 (A$705M...
Option expiry’s for today New York cut at 10:00 ET, via DTCC, can be found below. - EUR/USD: 1.0800 (E1.9Bln), 1.0850 (E1.4Bln), 1.0900 (E1.2Bln), 1.1000 (E1.7Bln) - GBP/USD: 1.5000 (Gbp652M). - EUR/GBP: 0.7125 (E319M), 0.7225 (E279M), 0.7275 (E201M) - AUD/USD: 0.72300 (A$1BLN), 0.7300 (A$705M...
The price is located below Ichimoku cloud for the primary bearish area of the chart with the secondary ranging within the following key reversal s/r levels: 42.16 support level located far below Ichimoku cloud in the primary bearish area of the daily chart, and 50...
Goldman Sachs estimated 6 stocks which can outperform with high international sales under 'strong dollar regime'. So, six stocks was identified with 'buy' ratings: 1. Chipotle (CMG) Stock performance in 2015: -15% Projected 2016 earnings growth: 18...
The bearish market condition for Silver over the last months has been brutal for anyone holding the dear metal as speculation mounts that the Fed can create a pass on financial policy. The market could have enraptured too early with the waiting for the game to be started...
Gold price is traded on 5.5 year low by reachin 1052.67 support: the price is under pressure by bearish fundamental news events from the US and strong US dollar which is breaking 100.31 resistance to above for now...
