GBP/USD managed to recover the 1.5020 area following the better-than-expected Construction PMI in the UK economy. GBP/USD testing lows near 1.5000 The pair returned to the 1.5020/25 band after the Construction PMI surprised investors advancing to 59...
Crude prices in the US rose to USD 51.00/barrel, extending the two-day rally as falling rig count in the US is likely to curb supply. Prices fast approaching 50-DMA Crude prices are on their way to test the 50-DMA located at USD 51.675 after rallying more than 11% in the past two sessions...
The Kiwi dollar hit four-year lows against its U.S. peer on Tuesday, as a reaction to news of a surprise rate cut by the Reserve Bank of Australia and as market players eyed New Zealand employment data due later in the day...
Markets have moved this morning on as yet unsubstantiated rumours that the European Central Bank is considering withdrawing from the Troika – the body of the ECB, EU and IMF monitoring Greece’s adherence to its austerity programme...
Gold prices advanced today in anticipation of the Chinese new year demand. The metal also recovered support from the surprise interest rate cut in Australia. Gold trades at 10-DMA The yellow metal trades at the 10-DMA level located at USD 1283...
Lee Hardman, Currency Analyst at Bank of Tokyo-Mitsubishi UFJ, notes that the oil prices have rebounded above $50 after falling around 60% in the year, further views that it might be too early to conclude that the lows are now in place...
The first forex hub of the Mumbai-headquartered Central Bank of India in Gujarat was opened at Urmi Char rasta here to provide prompt and efficient services to importers and exporters...
On Tuesday gold futures traded lower during the Asian trade. Silver declined, while copper climbed...
James Knightley, Senior Economist at ING, reviews UK’s manufacturing PMI release, and further adds that the manufacturing sector might make a stronger contribution to UK’s Q1 2015 GDP. Key Quotes “The UK’s manufacturing purchasing managers’ index rose to 53...
The Danske Bank Research Team comments that Greece would request for debt-swaps to ease its burden and not call for a debt write-off. Key Quotes “The new Greek government has revealed proposals for an agreement with its creditors...
The Australian dollar continues to get bashed by the Euro as the Reserve Bank of Australia’s (RBA) move towards accommodative policy hammered to Aussie to fresh multi-year lows. EUR/AUD jumps about 2% Currently, the EUR/AUD cross rallied to fresh one month highs at 1.4840 levels, gaining 2...
The sterling is transiting an even session vs. the greenback on Tuesday, relegatingGBP/USD to the low-1.5000s. GBP/USD keeps 1.50 ahead of data The pair is following the erratic mood in the risk-associated space during the first half of the week, at least managing to keep the trade above the 1...
EUR/USD extended its accumulation phase for fourth day in a row, unable to breach the 1.14 barrier and wavers above 1.13 handle. EUR/USD trades lack lustre The EUR/USD now trades at 1.1327 levels, down -0.13% on the day, bouncing off day’s high at 1.1351 levels. EUR/USD remains weak below 1...
On Tuesday oil futures continued to firm, adding to growth of more than 11 percent in the prior two sessions, but ongoing worries over China's demand outlook restrained further gains, says Reuters...
On Tuesday the Australian dollar suffered a sharp drop after the Reserve Bank of Australia unexpectedly cut rates to 2.25%, citing the need to achieve balanced growth...
The RBA finally decided that the best course of action to stimulate both price levels and the economy would be to cut its rate by 25bp to 2.25%, however, the question now is, will the easing bias prevail? And if so, how many more cuts can we expect before year-end...
AUD/NZD has dropped like a rock over 1.2 cents after the RBA decided to cut the interest rate by 25bp to 2.25% today, leading the exchange rate to trip stops sub 1.0620, printing a new 2-week low of 1.0574 before a rebound towards 1.0610/15 presently...
AUD/JPY shaved-off gains and plummeted to fresh yearly lows as Reserve Bank of Australia (RBA) surprised most traders by cutting its policy rate to new record lows. Sinks over 2% from 91.61 levels post RBA action Currently, the AUD/JPY pair hit fresh 1-year low at 89.69, a recording 2...
AUD/USD plunged to fresh five and half year lows after the Reserve Bank of Australia (RBA) slashed its official cash rate (OCR) by 25 bps from 2.50% to record low of 2.25%. Down from 0.7800 levels Currently, the AUD/USD collapsed -1.72% and trades at fresh multi year lows of 0...
Gold and silver have experienced some respite in the past few months as Eurozone and emerging market fears surfaced once again. The relentless U.S...
