Karen Jones, chief analyst at Commerzbank explained that GBP/USD is upside corrective near term having virtually reached target of the 1.4910/1.4813 long term Fibonacci retracement and 2013 low...
The Canadian dollar is now rapidly depreciating vs. its fellow neighbor, catapultingUSD/CAD to fresh multi-year highs near 1.2680. USD/CAD stronger as CAD deflates The offered tone in the CAD is intensifying during the European evening, with market rumours citing option barriers at 1.2600 and 1...
AUD/USD is trading at 0.7780 with a low of and high scored of 0.7908 and is down 1.55% on the day. AUD/USD has started to recover from these lows but there are no signs of the bearish tone coming to an end and this pair is destined for lower now having broken the 200 month ma at 0...
Gold prices fell sharply in EUR terms on an upbeat German employment data and sharp fall in German inflation. Drops below 5-DMA and 10-DMA The XAU/EUR pair or Gold in EUR terms trades below the 5-DMA and the 10-DMA located at EUR 1140.15 and EUR 113.45 levels...
Brent crude oil futures held above $48 a barrel on Thursday as investor inflows offset data showing that U.S. crude stocks had hit a record high...
The California Department of Business Oversight (DBO) recently issued a press statement where it denied offering Coinbase any kind of business license status to operate in California...
It’s never a good sign when your Chief Risk Officer leaves. Hedge fund giant Fortress has lost its CRO Sherif Sweillam and portfolio manager Tye Schlegelmilch. Both resigned this month after the SNB move, Reuters reports. A sub-fund partly managed by Schlegelmilch lost 7.64% after the SNB move...
EUR/USD moved slightly lower but remained broadly unchanged near the 1.1300 level after US data showed initial jobless claims declined more than expected in the latest week. Initial jobless claims dropped by 43,000 to 265,000 in the week ending January 24, marking the the lowest level in 14 years...
On Thursday the common currency held steady against the dollar despite preliminary data showing that Germany fell into deflation for the first time since July 2009 this month...
Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, notes that CAD has made fresh lows in tandem with oil prices and increased risk of a second BoC cut, opening doors for a further USD/CAD upmove. Key Quotes “CAD is weak having traded to fresh 5...
According to Jane Foley, Senior Currency Strategist at Rabobank, the RBNZ may be required to extend its dovish tone to maintain the pressure on NZD, further expecting NZD/USD to move towards 0.68 and AUD/USD to see 0.70 levels in the long term...
The greenback extends it upbeat momentum vs. its Canadian counterpart, now liftingUSD/CAD to the 1.2550/60 region. USD/CAD in fresh multi-year highs The buoyancy remains intact around the pair, now gyrating around levels last traded in April 2009 beyond 1.2550...
The dollar moved higher versus the yen on Thursday, following the Fed statement, which didn't showed significant changes compared to previous one and was taken as if the bank remains on track to raise rates later this year...
Emerging-market stocks registered their biggest drop in three weeks as China's battling with speculative trading intensified and a fear grew the conflict between Russia and Ukraine is pushing their economies into a crisis. The ruble and Russian Eurobonds tumbled...
Imre Speizer of Westpac, believes that interest rate spreads have plenty of scope to support AUD/NZD, anticipating that NZD should continue to underperform AUD. Key Quotes “AUD/NZD received a boost today from the RBNZ which shifted its stance...
Cristian Maggio, Head of Emerging Markets Research at TD Securities, shares the market performance in the European session, noting that Bonds markets remained well bid while EUR/CHF moved higher. Key Quotes “European markets continue to adjust to the FOMC message from yesterday...
The shared currency extends its rebound from sub-1.1300 levels, pushing EUR/USD back to the 1.1320/25 band, or session highs...
AUD/USD extended losses and dropped below the 0.7800 level for first time since July 2009 as the Aussie continues to weaken amid speculations of a RBA rate cut next week. AUD/USD lost about 100 pips throughout the day and hit a low of 0.7786, last seen Jul 13 2009...
On Thursday the dollar traded steady, soaring around 11-year highs against the other major currencies, after the Federal Reserve signaled that interest rates could start to rise around mid-year...
On Thursday copper prices traded near the lowest level in six years, amid signs the Federal Reserve is to raise rates this year and as fears over Greece's future in the euro zone re-emerged...
