On Monday Australian stocks traded higher after the close, as gains in the Information Technology, Energy and Resources sectors led shares higher. The Sydney Stock Exchanges counted more rising stocks (347) than declining ones (233), and 34 ended unchanged...
US DOLLAR TECHNICAL ANALYSIS Prices may have finally started to turn lower as expected following the appearance of a bearish Evening Star candlestick pattern. Near-term support is at 11740, the 14.6% Fibonacci retracement, with a break below that on a daily closing basis exposing the 23...
By Bill Bonner in Sao Paulo, Brazil Every day, we think we see more clearly where this is going. And every day, we are staggered by it. Our mind boggles. Our knees buckle...
On Friday the U.S. dollar declined against its Canadian peer, as positive Canadian manufacturing sales supported the local currency, while Thursday's disappointing U.S. data continued to weigh on the greenback...
MyCoin Customers Lost $US8 Million, Not $US387 Million The Hong Kong Commercial Crime Bureau is conducting a preliminary investigation into alleged illegal activities that took place in the demised Bitcoin investment firm MyCoin...
On Friday gold futures rose in European trade...
Gold prices went higher today - comex gold rose $1.10, or 0.1%, to settle at $1,220.70 an ounce, after it had fallen almost $22 in the last two trading days. The U.S. dollar fell 0.82%. The U.S. reported retail sales today, and figures showed a 0...
On Friday the Australian dollar gained in Asia after central bank Governor Glenn Stevens noted driving demand in the economy would take more work, hinting the government should increase spending. The euro was higher versus the U.S. dollar on Friday...
The South China Morning Post report that as MyCoin, a Hong Kong-based Bitcoin trading company, has shut down its operations, nearly 3,000 local investors may have lost combined value of more than HK$3 billion...
The Euro is trading higher Thursday as investors welcomed that Greece will receive assistance from the ECB for banks and the announcement of the agreement for a ceasefire in Ukraine. Furthermore, the ECB's Constancio said the stimulus plan and cheaper oil will boost the european economy...
A continuation of the increasing buying interest is now lifting EUR/USD above the 1.1400 handle, printing fresh weekly highs at the same time...
The European Central Bank decided to increase the amount of emergency liquidity assistance (ELA) that can be provided to Greek banks, according to media reports. The ECB authorized the ELA as a temporary expedient when it stopped accepting Greek bonds as collateral for funding last week...
EUR/USD jumped to 1...
Valeria Bednarik, Chief Analyst at FXStreet, notes that technicals suggest the short-term picture for cable favours the upside. Key Quotes “The GBP/USD surged to a fresh 6-week high around 1.5387 finding support in a relatively hawkish BoE Quarterly Inflation Report...
The NZD/USD pair recovered losses during the US session to trade above 0.74 levels. The Kiwi had weakened earlier today due to a disappointing New Zealand manufacturing activity data...
Crude prices in the US gained almost 5% as a weak USD and spending cuts in oil industry overshadowed the concerns of supply glut. WTI trades above USD 51/barrel At the time of writing, WTI Crude march futures traded at USD 51.27/barrel...
Valeria Bednarik, Chief Analyst at FXStreet, shares the technical setup for EUR/USD, with the pair making a new high at 1.1374 as market sentiment flips towards risk appetite...
Gold prices struggle to extend gains despite a fall in the US Treasury yields post a weaker-than-expected US retail sales data and a rise in the weekly initial jobless claims figure...
On Thursday oil prices rebounded more than $1 to $56 a barrel, after a two-day decline, as a weakened dollar and industry spending cuts offset fears of a supply glut. The agreement to halt months of deadly fighting in Ukraine also weighed...
Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, notes that EUR/USD trades within its multi-week range, in need of a catalyst for further direction. Key Quotes “The focus has been the cease fire agreement in Ukraine combined with the outlook and potential paths for Greece...
