WTI Oil futures on Nymex remained lifted on news that the number of rigs drilling for oil in the US fell to the lowest level since December 2011. Eyes USD 53/ barrel Currently, WTI oil trades 0.46% higher at USD 51.93/ barrel, retreating from fresh session lows posted at 51...
On Monday, gold prices on Comex remained slightly higher in the Asian session, as weaker than expected Chinese trade balance data pressured Asian equities, making investors look for a shelter...
EUR/USD holds above 1.13 threshold in the late-Asian session, quickly recovering from a dip below 1.1300 in the Asian opening hours. Greece talks in focus The EUR/USD now trades at 1.1339 levels, up 0.20% on the day, heading towards previously posted daily highs at 1.1341 levels...
Gold prices on Comex remain slightly elevated in the Asian session as weaker than estimates Chinese trade balance data dragged Asian equities lower, making gold more attractive for investors. Rises from 1235.30 levels Currently, gold trades higher by 0.22% at 1237...
According to FXStreet Editor and Analyst, Dhwani Mehta, XAU/USD is likely to break lower to retest 1228.64 levels, but a failure to break the support might lead the pair to rebound higher...
Research Analysts at Nomura, explain that the PBoC favours taking fiscal policy actions rather than changing monetary policy, and see little risks of any FX policy intervention in the near term...
AUD/USD opened the week on a bearish note and holds losses as the Aussie remains pressured on weak Chinese data and falling copper and precious metal prices. Down from 0.7778 levels Currently, the AUD/USD trades lower by -0.41% at 0...
Analysts at Rabobank explained the escalating tensions over a Grexit. Key Quotes: "In Europe we have seen further escalation...
AUD/USD is pressured at the open, down over 35 pips from Friday's close, presently at 0.7761 vs 0...
The Chief of the Swiss National Bank, Thomas Jordan, crossed the wires over the weekend, after an interview with a Swiss radio station SRF, noting that the Central Bank is prepared to intervene in the foreign exchange market if needed, despite refusing to elaborate on any potential intervention c...
Payment processing and fraud mitigation specialist Vogogo Inc. finalized a strategic partnership with the acquiring division of UK based eMerchantPay Limited – E-comprocessing (“ECP”...
China trade balance for January … a surplus of $60.03Bn A big beat of expectations (huge drop in imports), the consensus was at $48.09bn Prior was $49.61bn Trade balance Exports for January:-3.3...
Gulf equity markets may rise on Sunday after oil made further gains, although the commodity's price looks likely to remain volatile. Brent crude jumped 2.2 percent to $57...
The London Bullion Market Association (LBMA) rounded up a panel of experts to forecast precious metal prices in 2015 -and while prospects may be neutral for gold they are bullish for silver, platinum and palladium...
Total U.S. nonfarm payrolls (NFP) employment rose by 257,000 in January, beating expectations of a 228,000 rise. The focus for market participants was on the hourly wages component that decreased in December, and was expected to be higher in this report...
Wall Street closed lower on Friday at the end of a volatile week that pushed major averages close to break-even in the year. Investors welcomed the strong employment report in January; however, fears of a earlier-than-expected Fed hike rate hit risk appetite...
EUR/USD is trading at 1.1318 with a high of 1.1486 and a low of 1.1312...
The sterling keeps giving away previous gains vs. the greenback, relegating GBP/USD to the 1.5215/10 area. GBP/USD coming down from 1.5350 The buoyant tone around the pound bolstered this week’s ascent to 3-week highs in the mid-1...
A week ago, we closed the EURUSD at 1.1278. So if I were to put in words how the EURUSD did this week, it would be: “EURUSD ends higher on the week after strong employment report” In the process the price squeezed to 1.1533, It came down to 1.1302. It squeezed up to 1...
The selling mood is doing nothing but growing around the euro, now sending EUR/USD to session lows in the 1.1320/15 band. EUR/USD hurt by US data The upbeat results from the US Payrolls caught markets off guard today, as consensus amongst traders was expecting a lower reading...
