The single currency is now recovering part of the deep pullback posted on Wednesday, with EUR/USD hovering over 1.1340/50. EUR/USD hurt by Greek rumours The pair has lost more than two big-figures since Tuesday’s tops around the mid-1.1500s...
WTI Oil futures on NYMEX gave back gains from the early Asian session and resumed its slide below USD 48 as fears over a global oversupply returned to the oil market after record US stockpiles. Back below USD 48/ barrel Currently, WTI oil trades 1.44% lower at USD 47...
Southeast Asian stock markets trimmed gains on Thursday with the Philippine main index retreating from the previous day’s record close as a fall in crude prices overnight spurred selling in recently-rallying energy shares...
Prashant Newnaha, Asia-Pacific Macro Strategist at TD Securities, shares the market performance in the Asian trade, noting that USD’s G10 peers moved up, led by the AUD...
The TradeTheNews Team notes that the ongoing political transition in Greece, accompanied by ECB’s decision to restrict cash access to Greek banks halted the 2-day rally of euro. Key Quotes “Renewed concerns over the implications of political transition in Greece helped constrain a 2-day rally...
GBP/USD edged higher in the early European morning, extending gains for the third straight session as traders now focus on the Bank of England (BOE) meeting on rate decision due later today. Faces stiff resistance at 1.5214 levels The GBP/USD pair traded at 1.5206 levels, up 0...
Gold prices on Comex extended gains from the previous session and remained elevated, although in a tight range, as traders await fresh cues from the European session. Forms a Doji on the daily chart Currently, gold trades higher by 0.64% at fresh daily highs of 1272...
According to FXStreet Editor and Analyst, Dhwani Mehta, XAU/USD bulls might lead the pair higher if it sustains above 1270, expecting a break above 1272.20 to pave way for 1276.35. Key Quotes “Gold prices in terms of US dollar (XAU/USD) rebounded and closed on Wednesday at higher levels at 1272...
The Research Team at UOB Group views that with a strong support at 1.5100, the positive tone remains for GBP/USD for the next few days. Key Quotes “As indicated in yesterday’s update, a clear break above the key level of 1.5270 is unlikely.” “The sharp drop from the overnight high of 1...
According to Deutsche Bank, the current consolidation of Gold might resolve to the upside towards $1329.00/31.00 as long as it remains above $ 1244.00...
Emmanuel Ng of OCBC Bank, views the near-term risks for AUD/USD towards 0.7720 levels. Key Quotes “With the RRR cut by PBOC granting little lasting buoyancy for the AUD-USD on Wednesday, the subsequent EUR jitters and renewed commodity softness saw the AUD-USD sinking back below 0.7800...
NZD/USD continued its upward trajectory in the mid-Asian session, having closed flattish in the previous session, little affected by the bullish US services report. Supported by 10-DMA Currently, the NZD/USD extended gains and trades at 0.7389 levels, up 0.29% on the day on its way to retest 0...
In December 2014, Russia’s “Centre for Regulation in OTC Financial Instruments and Technologies” (CRFIN) conducted a survey amid retail Forex traders in the country, asking them to voice their opinion on the maximum leverage limit set by the lawmakers...
It was a rather quiet session in America, with the latest string of US indicators having no effect on the dollar as investors remain sidelined ahead of the nonfarm payrolls and keep Greek debt negotiations on check...
EUR/JPY is in supply and trading at 132.77 at the time of writing, with a high of 135.36 and a low of 132.72 scored post the Greek news that took the euro lower...
US stocks market closed mostly lower on Wednesday as the investor sentiment was hit by a press release issued by the ECB where the central Bank suspended the guarantee to Greek banks to use Greek debt as collateral for loans...
The Euro is accelerating losses across the board, in response to Greek-related headlineshitting the wires late in the US session, noting that the ECB has decided that it will lift the current credit waiver on Greek government bonds, no longer being accepted as collateral, starting on Feb 11th...
EUR/USD lost the 1.1400 mark and made fresh lows for the day after the ECB announced it is lifting the waiver on using Greek government debt as collateral. The waiver allowed Greek debt to be used as collateral despite the fact that they did not fulfil minimum credit rating requirements...
The European Central Bank has suspended the eligibility of Greek sovereign debt as collateral for its liquidity operations, starting from February 11th...
The selling pressure remains entrenched around the euro today, with EUR/USDstruggling to keep the trade above the 1.1400 mark. EUR/USD eyes on Greece, US Payrolls The pair continues to erode the recent upside from Monday’s dip below 1.1100 to yesterday 3-week highs near 1...
