The TD Securities Team previews the key events in the week ahead for Eurozone, noting that BOE’s QIR and Greece will likely be the spotlight. Key Quotes “The Bank of England releases its Inflation Report on Thursday and our base case is for a slightly hawkish outcome...
NZD/USD extended its upward trajectory in the European session, largely backed by chart-driven gains as a bounce-back in the Aussie further accelerated the gains. Sustains above 0.7400 levels Currently, the NZD/USD traded 0.69% higher on the day at 0...
Gold futures rose on Monday, as investors were still concerned about Greece...
The offered tone is now returning to the common currency, dragging EUR/USD to the lower bound of the range near 1.1310. EUR/USD down from 1.1360 The pair left the area of session highs around 1...
Copper futures declined, as disappointing Chinese trade data added to speculation that policymakers in Beijing may implement further stimulus measures...
USD/JPY reversed previous gains and fell to fresh daily lows during the European session as Grexit rumours re-emerged, boosting safe-haven appeal for the yen. USD/JPY bounces-off 118.50 levels Currently, the USD/JPY traded lower by -0.46% at 118.58 levels, close to fresh daily lows posted at 118...
According to Valeria Bednarik, Chief Analyst at FXStreet, technicals favour a EUR/USD slide towards 1.1250 on a break below 1.1290 levels, with sellers around 1.1360 price zone exerting some downside pressure on the pair. Key Quotes “[...
Gold prices on Comex broke above USD 1240 levels and climbed higher on increased safe haven bids for gold amid renewed geopolitical crisis in Greece and Ukraine. Gold gains on broad based risk-aversion Currently, gold trades higher by 0.62% at 1242...
The shared currency remains within the intraday range on Monday, taking EUR/USD to the area of 1.1340/45. EUR/USD muted after Sentix The pair kept the composure after the Sentix index, which tracks the Investor Confidence in the euro area, climbed to 12...
In the opinion of analysts at UOB Group, the developments from Greece will be the main focus of attention ahead in the week. Key Quotes “The focus remains on Greece, with the Eurogroup expected to discuss the issues on Wednesday ahead of a European Council meeting at the end of the week”...
James Knightley, Senior Economist at ING, comments that the swings in oil prices and demand are pouring unnecessary confusion in the UK economy’s growth story as the current oil related deficit was only due to the large buildup in inventories due to low prices...
While the S&P 500 stands close to record highs, investor sentiment's serene facade is starting to crack As volatility measures trend higher, the Oil volatility index has surged these past months A comparison of 'risky' assets to traditional 'safe havens' is the most common approach, but the a...
On Monday the Australian dollar traded lower against its U.S. peer, impacted by mixed Australian job advertisement data. Demand for the greenback remained underpinned by Friday's strong employment report...
Gold prices recovered marginally to USD 1240/Oz levels after the Chinese trade data showed further economic weakness in China. Gains capped by strong USD The yellow metal recovered from the Friday’s closing of USD 1234.2/Oz after the data in China showed showed China's exports falling 3...
Brian Mangwiro of RBS, shares the CFTC positioning of currency futures as of 3rd February, noting that specs are still long USD, with heavy shorts on EUR, AUD and CAD. Key Quotes “USD (DXY) longs rose ~1k to 71.6k (record high is 73.1k).” “Euro shorts continue to surge; rose another 11...
Imre Speizer of Westpac views that NZD/USD momentum remains negative, and although it has fallen sharply since mid-July (-9%), there’s nothing to halt a further push to 0.7120 during the weeks ahead, and possibly even lower...
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...
