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European Stocks Drop as Oil Weighs Stock markets across Europe fell in early trading on the back of nervous Asian equities and drop in oil prices. At the time of writing, Stoxx 50 index was trading marginally lower. Germany’s DAX and France’s CAC were down 0.05% and 0.10% respectively...
The most important release from this week’s Forex News Events calendar is FOMC Meeting Minutes that taking place on Wednesday at 7.00pm GMT. We also have UK Services PMI and New Zealand GDT Price Index on Tuesday. Full list of Forex news trading events taking place this week: Monday 4th...
EUR/USD Bullish Above 1.1400 – UOB According to the research team at UOB Group, EUR/USD needs to close above 1.14 to allow further gains. Key Quotes “We are holding on to the view that only a daily close above 1...
UK: Sterling Storms and Fat Tails – Deutsche Bank Research Team at Deutsche Bank, suggests that with the UK’s referendum on EU membership approaching on the 23rd June, short-end GBP vol has risen dramatically...
UK Construction PMI Preview: What to Expect of GBP/USD? UK construction PMI for March is due for release today. The report is the least important compared to UK manufacturing PMI and services PMI report. Market expects UK construction PMI to print at 54...
USD Rally Over? – Danske Bank Senior Analyst at Danske Bank Sverre Holbek hinted at the fact that the USD upside could be nearly over. Key Quotes “The USD was remarkably stable despite the string of better-than-expected US data on Friday”...
Technical Analysis of Gold for April 4, 2016 Gold price remains inside the bearish channel and it is heading towards the 38% Fibonacci retracement of the rise from $1,045. So $1,190-$1,200 is our short-term target area...
Technical Analysis of EUR/JPY for April 4, 2016 General overview for 04/04/2016: The impulsive wave progression to the upside has been completed and now the market is in the corrective cycle...
AUD: Flat Monthly Inflation Gauge - TDS Research Team at TDS, suggests that the Australia’s March Monthly Inflation Gauge was flat for headline and core. Key Quotes “We expect Q1 CPI of +0.3%/qtr via flat tradable and +0.5%/qtr for non-tradable. For core we expect +0.53%/qtr for 1.93%/yr...
GBP/USD: Offered Near 1.4225, Attacks 1.4200 The GBP bulls once again lost control as we progress towards the European open, now pushing GBP/USD back towards 1.42 handle. GBP/USD drops from stiff resistance near 1.4225 region The GBP/USD pair trades -0.12% lower at 1.4209, heading for a test of 1...
Oil Drops on Falling Prospect of Output Freeze Production cut was never a possibility according to markets, but even a production freeze strategy appears a distant dream now owing to which both oil benchmarks dropped on Friday and extended losses today...
EUR/USD in Red, Stabilizes Below 1.1400 The single currency has started the week on an offered fashion vs. the greenback, prompting EUR/USD to give away part of last week’s strong advance...
Fed: Taking a Cautious Approach - ANZ Research Team at ANZ, suggests that the Fed is taking a cautious approach to monetary policy as the global macro and financial environment poses ongoing risks to the US economy...
Eurozone: Unemployment and Investor Confidence Data in Focus – Danske Bank Research Team at Danske Bank, suggests that in the euro area, Sentix investor confidence for April is due for release at 10:30 CET...
USD/CAD Catches Fresh Bid, Hits Fresh Highs Above 1.3050 USD/CAD’s recovery gathered pace over the last hour, taking the prices beyond the mid-point of 1.30 handle as the USD bulls fight back control somewhat amid tumbling oil prices. USD/CAD holds above 1...
Technical Analysis of USD/CAD for April 4, 2016 General overview for 04/04/2016: A new local high has been made at the level of 1.3146, but the bulls weren't strong enough to clearly break out above the neutral zone. Currently, the market trades inside of the neutral zone between the levels of 1...
There is no trade call for the session. The London session is relatively quiet, however we will see Employment figures from Spain and Construction PMI from the UK. Currency Update USD: Employment figures for March were solid with 215,000 jobs added, a rise of 0...
Technical Analysis of NZD/USD for April 04, 2016 USD/CHF is expected to trade in a lower range as key resistance is at 0.9625. After the failure to break above the nearest resistance at 0.9625, the pair is now under pressure, and is expected to challenge its next support level at 0.9555...
Technical Analysis of GBP/JPY for April 04, 2016 GBP/JPY is expected to trade in a lower range as the pair is under pressure. The pair is turning down following a double top pattern, and is expected to post further decline...
