Crude prices in the US remain weak despite having recovered slightly from the low of USD 51.89/barrel as sentiment remains weak after the International Energy Agency (IEA) warned that oil stocks shall continue to rise this year...
The greenback is appreciating vs. its northern neighbour on Tuesday, pushing USD/CAD to the upper-1.2400s. USD/CAD rebounds from 1.2440 The pair was able to revert the initial drop to the 1.2440 area following the offered tone in the greenback that prevailed throughout the Asian session...
Gold prices are trading weak despite Greek issue and escalating tensions in Ukraine, due to the strength in the US Treasury yields and a strong US dollar. 10-year Treasury yield at one-month high The 10-year yield is trading at a one-month high of 2...
Independent Analyst, Malcolm Graham-Wood, notes that the trimmed US supply forecasts and demand numbers shown in Opec’s monthly report added to oil’s positive momentum...
Dean Popplewell, Director of Currency Analysis at MarketPulse, comments on the effect on Euro from the ongoing Greek crisis, and from a probable Grexit scenario...
On Tuesday Bitcoin prices fell in a quiet trade, with further losses expected amid bearish chart signals...
Tim Condon of ING, revises the 2015 Chinese inflation forecast to 1.0% from previous 2.0%, after food components drove January CPI to levels not seen since November 2009. Key Quotes “CPI inflation slowed to 0.8% in January from 1.5% in December. The consensus forecast was 1.0...
Greece could tap "another source" for funding - possibly even Russia or China - should the deal with Europe not be worked out, Greek Defence Minister Panos Kammenos warned...
The dollar was higher against the other major currencies on Tuesday, as concerns over a potential Greek exit from the euro zone continued to dampen market sentiment...
On Tuesday the British currency traded steady against the U.S. dollar, after positive U.K. manufacturing production data, as market sentiment was pressured amid growing concerns over the Greek debt crisis...
The pound accelerates its gains vs. the US dollar on Tuesday, with GBP/USD gyrating around 1.5220. GBP/USD advances on UK data The pair managed to pick up pace from the 1.5220 area following the mixed results in the UK economy...
Steve Miley of MarketChartist,mentions that as long as GBP/USD base at 1.15190 is intact the positive bias for a push higher remains for the pair. Key Quotes “The firm February recovery effort above the key 1...
Lee Hardman, Currency Analyst at Bank of Tokyo-Mitsubishi UFJ, comments that with lack of compromise from either side (Greece, ECB), concern regarding a possible Greek default and exit are increasing...
EUR/USD bounced-off daily highs and fell to fresh session lows, witnessing huge swings during the European session, despite upbeat industrial production numbers from France and Italy. Declines from 1.1345 The EUR/USD now posts fresh session lows at 1.1293, down -0.26% on the day...
Silver prices declined despite gains in Gold amid risk aversion due to Greek fears and escalating tensions in Ukraine. Trades below hourly 50-SMA Prices fell below the hourly 50-SMA level located at USD 16.92, after the metal faced rejection at the 10-DMA located at USD 17.07 levels...
Lee Hardman, Currency Analyst at Bank of Tokyo-Mitsubishi UFJ, comments that in the recent G20 meeting of central bankers and finance ministers, the policy makers appeared less concerned about USD strength, and reiterated their view to refrain from targeting exchange rates for competitive purpose...
The Australian dollar failed to capitalize on upbeat Australian business confidence and a sharp drop in the Chinese CPI, pushing the AUD/USDpair back to 0.78 levels from the high of 0.7840 levels...
On Tuesday the greenback was stable versus the euro and the yen, after data showing that Chinese consumer inflation slowed to a five year low last month and as concerns over the Greek debt crisis kept investors cautious...
Gold prices extended gains for the second consecutive session as concerns regarding Greece’s futures in the Eurozone curbed risk-on buying in the markets. Gold tests 200-DMA Gold prices rose to the 200-DMA located at USD 1245...
Both the oil benchmarks halted its rebound and headed south after Citigroup and International Energy Agency (IEA) lowered price outlook. Oil prices declines on forecasts cuts Currently, Brent trades lower by -0.63% at USD 58.71/ barrel and WTI oil trades -1.19% lower at USD 52.26/ barrel...
