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The rally in the EUR/AUD pair has been halted on reports that the European Central Bank may exit the “troika” of international lenders that governs Greece’s bailout...
Market News
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Andrius Kulvinskas, 3 February 2015, 11:12 #Troika, ECB
Sitting below resistance within a downtrend, NZDUSD is likely yo appeal to bearish swing traders. Now we just need the catalyst to push it our way. Tomorrow morning New Zealand releases their quarterly employment data...
Currency
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Andrius Kulvinskas, 3 February 2015, 11:00 #nzdusd
The RBA cut the cash rate for the first time since September 2013, by -25 bps, to a new record low of 2.25% in February. Aussie slumped to a new 2009-low of .7651 following the announcement as the central bank appeared more dovish than anticipated...
Market News
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Andrius Kulvinskas, 3 February 2015, 10:55 #RBA
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...
Currency
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Andrius Kulvinskas, 3 February 2015, 10:54 #GBP/USD
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...
Crude Oil
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Andrius Kulvinskas, 3 February 2015, 10:42
EUR/USD Technical Strategy: Flat Support: 1.1206, 1.1074, 1.0859 Resistance:1.1318, 1.1444, 1.1659 The Euro may be readying to turn upward against the US Dollar after producing a bullish Morning Star candlestick pattern. Near-term rising trend line resistance is at 1...
Analytics & Forecasts
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Costache Constantin Razvan, 3 February 2015, 10:33 #EUR/USD
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...
Currency
  • 243
News, 3 February 2015, 10:30 #AUD/NZD
GBP/USD Technical Strategy: Flat Support: 1.5025, 1.4903, 1.4805 Resistance: 1.5100, 1.5165, 1.5269 The British Pound continues to wait for direction as prices languish in digestion mode below the 1.53 figure against the US Dollar. A daily close above the 14.6% Fibonacci expansion at 1...
Analytics & Forecasts
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Costache Constantin Razvan, 3 February 2015, 10:27
Strategists at Westpac see the chance of anoher 25 bp rate cut by the BoC in its March meeting...
Forecasts
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Andrius Kulvinskas, 3 February 2015, 10:21
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...
Market News
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Andrius Kulvinskas, 3 February 2015, 10:01 #Troika, ECB
As Westpac's chief economist Bill Evans predicted (back on 4th Dec), the RBA cut rates 25bp and going into meeting market took the view it was a 50/50 call. Bill believes the RBA will follow this cut with a further 25bp cut in March...
Forecasts
  • 87
Vasilii Apostolidi, 3 February 2015, 09:56
According to Valeria Bednarik, Chief Analyst at FXStreet, the EUR/USD range might terminate soon and give direction to the single currency which is seen extending its consolidative stage today. Key Quotes “The EUR/USD consolidative stage extends into Thursday, with the pair unable to find a way...
Analytics & Forecasts
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Andrius Kulvinskas, 3 February 2015, 09:40 #EUR/USD
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...
Metals
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Andrius Kulvinskas, 3 February 2015, 09:38 #gold
The Westpac Research Team suggests high conviction FX trades based on their macro, model and technical views, targeting 0.72 levels for AUD/USD and 0.6850 levels for NZD/USD...
Trading Ideas
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Andrius Kulvinskas, 3 February 2015, 09:34
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...
Crude Oil
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Andrius Kulvinskas, 3 February 2015, 09:26
Data released Tuesday showed BP beat profit expectations for the fourth quarter of 2014 while taking a $3.6 billion impairment charge and cutting capital expenditures due to low oil prices, says Reuters. The company announced underlying replacement cost profit at $2...
Company News
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News, 3 February 2015, 09:22
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...
Currency
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BlondieNews, 3 February 2015, 09:11
On Tuesday gold futures traded lower during the Asian trade. Silver declined, while copper climbed...
Metals
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News, 3 February 2015, 09:04 #comex, copper, silver
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...
Market News
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Andrius Kulvinskas, 3 February 2015, 09:03
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...
Market News
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Andrius Kulvinskas, 3 February 2015, 08:55