Gold prices inched higher on signs of weakness in the European equities even though Greek fears continue to subside. Safe haven demand may return on weak European equities The metal may see a rise in safe haven demand as the major European equity futures are trading in the red...
GBP/USD pared previous gains and steadied above 1.5150 levels as traders now await UK Service PMI reading which may beat market estimates following previous upbeat PMI reading from the UK. Sustains above 1.5150 The GBP/USD pair traded flat at 1.5156 levels, retreating from day’s high posted at 1...
- NZD/USD extended its recovery mode in to the European morning, rallying to fresh session highs as traders continue to cheer Reserve Bank of New Zealand (RBNZ) Governor Wheeler’s dovish tone. Retraces from day’s high at 0.7449 Currently, the NZD/USD extended gains and trades at 0...
The Japanese yen traded lower in a busy data day for Asia, with key reports from New Zealand, Australia, China and Japan...
On Wednesday oil prices traded lower as renewed fears over global demand and high stock levels hampered a rally that pushed up prices by about 19 percent over the past four sessions...
Rising copper and oil prices fuelled Asian bourses on Wednesday; fears over Greece's future retreated. Energy stocks around the region rallied after the price of Brent crude climbed nearly 6 per cent on Tuesday, a fourth straight advance that helped inspire the S&P 500 to a gain of 1...
Russian Bank Suspends Money Withdrawal Process The growing financial epidemic of Russian banking system further intensified last week when a local bank – SB Bank of Russia – stopped cash withdrawal process, barring customers from obtaining their own money...
Dollar weakness was the theme of the day on Tuesday, and although there were no clear catalysts for the USD sell-off, oil recovery worked against the US currency for sure. EUR/USD rose 2 big figures and scored a high of 1.1533 amid headlines about Greek debt negotiations...
Analysts at Brown Brothers Harriman noted the other the positive market reception to Greece's proposals. Key Quotes: "The essence of the new government's proposals is for a bond swap. It wants to exchange its bonds in the official sector with growth-linked bonds and perpetual bonds for the ECB...
The Euro is the winner of the day; however, it's experiencing difficulties extending gains versus the US Dollar. After climbing over 100 pips from 1.1335 to trade at highs since January 22 at 1.1450, the EUR/USD is trading sideways now...
The AUD/USD pair recovered from six-year low of 0.7624 as the recovery in Crude prices eased concerns of falling inflation expectations in the advanced world...
The US stocks are likely to see early buying after seeing a late strength in the previous session. The major index futures in the US are indicating a higher open for the markets. At the time of writing, the DJIA futures traded 0.43% higher at 17,373.50 levels, while the S&P futures traded 0...
EUR/USD pushed higher and briefly rose above the 1.14 mark at the beginning of the American session, amid comments about Greek debt situation...
Oil prices rallied again Tuesday, with producers announcing spending cuts that added to a slew of positive factors helping to drive the commodity higher. U.S. crude climbed more than $1.50 a barrel on Tuesday and was trading above $51 a barrel by 12:30 p.m GMT (7:30 a.m. EST...
The Brown Brothers Harriman Team shares that RBA has joined the central bank chorus of easing policy by slicing 25bps off its rates, and further add that there exists possibility of another rate cut in Q2. Key Quotes The Reserve Bank of Australia joined the chorus of central banks to ease policy...
On Tuesday the US currency slipped lower against its peers, as there appeared hopes for resolution between Greece's new government and creditors. Yesterday's pessimistic US data continued to weigh as well...
The US dollar shaved off previous gains and fell back in red as solid recovery in oil prices lifted the resource-lined loonie. 1.2500 levels eyed Currently, the USD/CAD trades at fresh one-week lows of 1.2532 levels, down -0.28% on the day, retracing from day’s high at 1.2644 levels...
The Research Team at Bank of America-Merrill Lynch, expects WTI Crude’s gains to continue towards $54.33 levels. Key Quotes “Evidence suggests that Friday's surge higher in WTI has further to run...
Silver prices advanced today after having capped losses around USD 17.00 for last four trading sessions. Gains capped at 10-DMA The gains in the metal have been capped at the 10-DMA located at USD 17.68/Oz levels...
Jane Foley, Senior Currency Strategist at Rabobank, forecasts AUD/USD to head towards 0.70 levels over the next 12 months as the threat of further RBA policy action increases...
