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For the 24 hours to 23:00 GMT, the AUD weakened 0.25% against the USD to close at 0.7758. Yesterday, a global investment bank downgraded Australia’s economic growth prospects and projected that the RBA would again cut its benchmark interest rate in May...
Currency
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Andrius Kulvinskas, 5 February 2015, 09:59
At the beginning of the week we highlighted a possible price reversal in AUDNZD, and sure enough it broke out of its medium-term upward trend shortly thereafter. The pair is now finding some resistance around its 200/4hr SMA, but we are getting nervous about a potential rally in the near-term...
Analytics & Forecasts
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Andrius Kulvinskas, 5 February 2015, 09:56
The European Central Bank’s (ECB) Peter Praet, in an interview with Les Echos, said the current rate of the EUR/USD better reflects the economic situation in the Eurozone than it did previously. Mr...
Currency
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Andrius Kulvinskas, 5 February 2015, 09:32
On Thursday the Australian share market has reached its longest winning streak in more than 11 years, with the financial sector driving its latest day of gains. The market climbed by almost 0...
Market News
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News, 5 February 2015, 09:30
Speaking in Melbourne on Thursday, Rio Tinto executive Alan Davies bemoaned the lack of large mineral discoveries in recent years, which had coincided with dramatic cuts to spending on exploration from mining companies...
Events
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News, 5 February 2015, 09:16
Adyen, the leading technology provider powering payments for global commerce in the 21st century, announces that it has integrated with the world’s leading Bitcoin payment processor BitPay...
Currency
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BlondieNews, 5 February 2015, 09:11 #Cryptocurrency, bitcoin
Analysts at Westpac view that AUD/USD has made a top around 0.7850/0.7900 and further weakness might resume for the pair towards 0.7500. Key Quotes “We remain of the view that the AUD has potential for further weakness to 0...
Currency
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Andrius Kulvinskas, 5 February 2015, 08:48
According to FXStreet Editor and Analyst, Omkar Godbole, the EUR/USD pair is likely to rise to 1.14 levels, with technicals supporting the bullish gains. Key Quotes “The EUR/USD pair fell to 1.1390 levels after breaching the hourly 50-SMA, then located at 1.1410 levels...
Currency
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Andrius Kulvinskas, 5 February 2015, 08:42 #EUR/USD
The Research Team at Standard Bank, notes that markets are seemingly prepared for BoE to keep rates on hold in today’s meeting, with rate-expectations pushed back by some months...
Forecasts
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Andrius Kulvinskas, 5 February 2015, 08:38
Today the euro remained more stable, after slipping the day before when the European Central Bank said it will no longer accept Greek bonds as collateral for its liquidity operations...
Currency
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News, 5 February 2015, 08:35 #ECB, usd/jpy, forex news
EUR/USD is back to the 1.1300 neighbourhood following markets disappointment over the progress in the Greek front, fading the recent spike to 1.1540...
Currency
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Andrius Kulvinskas, 5 February 2015, 08:33 #EUR/USD
The single currency is now recovering part of the deep pullback posted on Wednesday, with EUR/USD hovering over 1.1340/50. EUR/USD hurt by Greek rumours The pair has lost more than two big-figures since Tuesday’s tops around the mid-1.1500s...
Currency
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Andrius Kulvinskas, 5 February 2015, 08:20 #EUR/USD
The Research Team at Varengold Bank, views that NZD/USD has the scope to for a further upward movement in the future, with the pair continuing to decline since July and rebounding after making a new low at 0.7202. Key Quotes “After touching the resistance line at 0...
Analytics & Forecasts
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Andrius Kulvinskas, 5 February 2015, 08:18
WTI Oil futures on NYMEX gave back gains from the early Asian session and resumed its slide below USD 48 as fears over a global oversupply returned to the oil market after record US stockpiles. Back below USD 48/ barrel Currently, WTI oil trades 1.44% lower at USD 47...
Crude Oil
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Andrius Kulvinskas, 5 February 2015, 08:08
Southeast Asian stock markets trimmed gains on Thursday with the Philippine main index retreating from the previous day’s record close as a fall in crude prices overnight spurred selling in recently-rallying energy shares...
Market News
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News, 5 February 2015, 08:08
Prashant Newnaha, Asia-Pacific Macro Strategist at TD Securities, shares the market performance in the Asian trade, noting that USD’s G10 peers moved up, led by the AUD...
Market News
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Andrius Kulvinskas, 5 February 2015, 08:00
The TradeTheNews Team notes that the ongoing political transition in Greece, accompanied by ECB’s decision to restrict cash access to Greek banks halted the 2-day rally of euro. Key Quotes “Renewed concerns over the implications of political transition in Greece helped constrain a 2-day rally...
Market News
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Andrius Kulvinskas, 5 February 2015, 07:56 #ECB
GBP/USD edged higher in the early European morning, extending gains for the third straight session as traders now focus on the Bank of England (BOE) meeting on rate decision due later today. Faces stiff resistance at 1.5214 levels The GBP/USD pair traded at 1.5206 levels, up 0...
Currency
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Andrius Kulvinskas, 5 February 2015, 07:47 #GBP/USD
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...
Metals
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Andrius Kulvinskas, 5 February 2015, 07:43 #gold
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...
Metals
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Andrius Kulvinskas, 5 February 2015, 07:40 #gold