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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...
Crude Oil
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News, 29 January 2015, 15:20 #Brent, crude oil
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...
Currency
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BlondieNews, 29 January 2015, 15:11 #Cryptocurrency, bitcoin
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...
Market News
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Andrius Kulvinskas, 29 January 2015, 15:04
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...
Currency
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Andrius Kulvinskas, 29 January 2015, 14:59 #EUR/USD
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...
Currency
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News, 29 January 2015, 14:51 #eur/gbp, S&P 500, ECB
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...
Currency
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Andrius Kulvinskas, 29 January 2015, 14:42
Strategist Richard Franulovich at Westpac recommends selling the shared currency vs. the US dollar and the Swiss Franc. Key Quotes “Not a lot going for the euro right here, even as ECB QE anticipation is out of the way and positions are of course heavily lopsided”...
Analytics & Forecasts
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Andrius Kulvinskas, 29 January 2015, 14:38
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...
Currency
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Andrius Kulvinskas, 29 January 2015, 14:29
GBP/USD settled in a lower range on Thursday as the greenback strengthened a tad following the Federal Reserve statement. GBP/USD climbed to a daily high of 1.5161 during the European session, but was rejected and sent to a low of 1.5109...
Analytics & Forecasts
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Andrius Kulvinskas, 29 January 2015, 14:11 #GBP/USD
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, and NZD/USD. EUR/USD: rebounded twice from 1.1310-20 yesterday but 1.1370-80 proved to be a good sell on both occasions and the dollar strengthened across the board on the FOMC statement...
Analytics & Forecasts
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Vasilii Apostolidi, 29 January 2015, 13:57 #usd/jpy
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...
Currency
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Andrius Kulvinskas, 29 January 2015, 13:54 #usd/cad
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...
Currency
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Andrius Kulvinskas, 29 January 2015, 13:49 #usd/jpy
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...
Market News
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News, 29 January 2015, 13:44
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...
Currency
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Andrius Kulvinskas, 29 January 2015, 13:23
According to Jeffrey Gundlach, bond trader and CEO of Doubleline Capital, gold looks attractive by comparison with government bond yields negative in Switzerland and parts of Europe...
Analytics & Forecasts
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News, 29 January 2015, 13:20
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...
Market News
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Andrius Kulvinskas, 29 January 2015, 13:05 #FOMC
In light of the recent RBNZ meeting, analysts at UOB Group see increasing likeliness that NZD/USD could extend the downside in upcoming periods. Key Quotes “New Zealand’s central bank, RBNZ, left its Official Cash Rate unchanged at 3...
Trading Ideas
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Andrius Kulvinskas, 29 January 2015, 12:59
The shared currency extends its rebound from sub-1.1300 levels, pushing EUR/USD back to the 1.1320/25 band, or session highs...
Market News
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Andrius Kulvinskas, 29 January 2015, 12:52 #EUR/USD
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...
Currency
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Andrius Kulvinskas, 29 January 2015, 12:46
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...
Currency
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News, 29 January 2015, 12:36 #usd/cad, GBP/USD, forex news