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...
AUD/USD has halted just ahead of the base of the 2013-2015 down channel at 0.7597. Key Quotes: "This is holding currently for a small rebound. We note the divergence of the RSI." "Initial resistance is 0.8034 (7th Jan low). Key resistance is the 0.8130 downtrend...
Cable reached earlier at 1.5249 the strongest level since January 15 but after Wall Street opening bell lost strength. Recently the pair dropped to 1.5190 and currently is hovering around 1.5200/10. The GBP/USD pair is still up for the day, headed toward the second daily gain in a row...
increasing volatility in the FX markets. Key Quotes “Higher currency volatility will increase both the riskiness and the cost of crossborder transactions, whether it is trade in goods or capital flows”...
The US dollar is recovering ground after its worst day in more than a year and it is performing better than its major competitors. The USD's advance is pressuring the oil and US stocks to the downside...
AUD/USD is currently trading at 0.7762 with a high of 0.7851 and low of 0.7746. The greenback has flexed its muscles again and is denying the bulls. AUD/USD is in clear bearish territory on the longer dated sticks, changing hands below critical support-turned-resistance of June 2010 at 0...
The USD/CAD extended gains to trade well above 1.25 levels on a weak Canadian Ivey PMI data and an upbeat US ISM non-manufacturing data. USD/CAD rises to 1.2550 The pair rose to 1.2550 as the CAD suffered a double blow in the form of weak data and falling Crude prices...
