The Brown Brothers Harriman Team shares that Greek bonds yields have climbed sharply and stocks have fallen by around 5.5% post ECB’s decision to curtail liquidity to Greek banks. Key Quotes “Following the election results, Syriza came out swinging...
The European Commission (EC), in its winter forecasts, upgraded its Eurozone growth forecasts for 2015, while predicting growth for every country in the EU in 2015 for the first time since 2015. The EC raised its 2015 GDP forecast to 1.3% this year from the 1.1% seen in November and to 1...
The Crude prices in the US steadied post 9% losses seen in the previous session as supply concerns resurfaced after the data showed inventories in the US rose to record highs...
Market Brief EUR complex was hit hard by the news that the ECB would take a further hard stance on Greece. ECBs Governing Council lifted the current waiver of a minimum credit rating requirements for debt instruments issued by Greece...
On Thursday European equities traded lower in morning trade, after the European Central Bank (ECB) put more pressure on Greece to come to an agreement with its lenders over the future of its bailout program...
The Investec Team comments that ECB’s decision to restrict funding to Greece by banning the use of junk-related Greek government bonds as collateral is actually a measure to protect the central bank from any potential losses out of a greek debt restructuring...
According to KBC Bank, ECB’s decision to stop liquidity assistance to Greek banks increases the risk of a bank default and a possible Grexit...
Gold traders may have noticed the highs getting lower on the charts while at the same time the lows are getting higher. This is leading to a squeeze in the price of gold that will likely result in a breakout and a strong move either way...
For the 24 hours to 23:00 GMT, the AUD weakened 0.25% against the USD to close at 0.7758. Yesterday, a global investment bank downgraded Australia’s economic growth prospects and projected that the RBA would again cut its benchmark interest rate in May...
The European Central Bank’s (ECB) Peter Praet, in an interview with Les Echos, said the current rate of the EUR/USD better reflects the economic situation in the Eurozone than it did previously. Mr...
On Thursday the Australian share market has reached its longest winning streak in more than 11 years, with the financial sector driving its latest day of gains. The market climbed by almost 0...
Adyen, the leading technology provider powering payments for global commerce in the 21st century, announces that it has integrated with the world’s leading Bitcoin payment processor BitPay...
Analysts at Westpac view that AUD/USD has made a top around 0.7850/0.7900 and further weakness might resume for the pair towards 0.7500. Key Quotes “We remain of the view that the AUD has potential for further weakness to 0...
According to FXStreet Editor and Analyst, Omkar Godbole, the EUR/USD pair is likely to rise to 1.14 levels, with technicals supporting the bullish gains. Key Quotes “The EUR/USD pair fell to 1.1390 levels after breaching the hourly 50-SMA, then located at 1.1410 levels...
Today the euro remained more stable, after slipping the day before when the European Central Bank said it will no longer accept Greek bonds as collateral for its liquidity operations...
EUR/USD is back to the 1.1300 neighbourhood following markets disappointment over the progress in the Greek front, fading the recent spike to 1.1540...
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...
