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Kit Juckes, economist at Societe Generale explained that the RBNZ, as expected by the majority of people who forecast RBNZ moves, cut the Cash Rate to 2.5%. Key Quotes: "The Kiwi took off like a grouse and so far, the FX market has not been able to shoot it down. A bit like the Euro...
10.12.2015 00:00Consumer Inflation Expectation (December) Currency: AUD, Importance: Medium...
US stocks closed with losses for third straight session on Wednesday, having taken a negative turnaround following a positive opening. The Dow Jones Industrial Average fell 75.36 points, or 0.43%, to 17,492.64. The S&P 500 dropped 15.95 points, or 0.77%, to 2,047.64...
Most oil stocks are ranging in market condition falling to the bearish area, and this tendency will be continuing in 2016. Most technology stocks are ranging waiting for direction which is more likely to be bearish as well...
The oil pice is falling by breaking key support levels to below for the bearish trend to be continuing so let's review some oil stocks in the technical point of view. Most oil stocks are located on the ranging market condition waiting for direction: this is not up, but has not yet down...
According to Eric Theoret, FX Strategist at Scotiabank, the pair’s outlook remains bullish in the near term. Key Quotes “USDCAD’s breakout to fresh multi-year highs has coincided with a renewed bullish turn in both trend and momentum indicators”. “There are few major resistance levels ahead of 1...
The US dollar faced another wave of selling at the beginning of the New York session sending GBP/USD to fresh weekly highs above 1.5100. GBP/USD has already taken back Monday and Tuesday losses and is trading in positive ground for the week, with a high posted at 1.5141 in recent dealings...
Prices for crude oil keep recovering ground on Wednesday, now managing to retake the $38.00 handle as USD-selling intensifies. WTI firmer ahead of EIA After hitting fresh multi-year lows near $36...
Gold prices took out USD 1080.48/Oz; 23.6% Fib retracement level Oct 15 high-Dec 3 low; on the back of a broad based USD weakness. Clocks a high of 1085.47 The metal clocked a high of USD 1085.47/Oz, before the momentum stalled around USD 1083/Oz levels...
The US Dollar Index, which gauges the greenback vs. its main competitors, is giving away further ground today, testing lows around 97.60. US Dollar challenges post-ECB low The index is testing post-ECB lows recorded last week in the 97...
The China reserves rose by $11.39 billion in October during short-time recovery it was decline in November because of the following: expectations of the US rate hike, and slowing economic growth. Forex reserves in China was falling by $87.22 billion to $3...
The Aussie managed to bounce from below 0.7200 and reversed early losses against the greenback, as even commodity currencies are taking advantage of a weaker US currency. AUD/USD rebounded from a daily low of 0.7170 and climbed back above 0.7200 to retest daily highs at the 0.7230/35 zone...
The USD is being offered across the board in the US session, taking the EUR/USD pair above its 50-DMA at 1.0956 levels. Eyes 1.10 The currency pair bounced off from the strong support at 1.0890 (38.2% of 1.1495-1...
The offered tone around the dollar remains unabated on Wednesday, now sending USD/JPY to break below the key support at 122.00 the figure. USD/JPY weaker as USD-selling picks up pace The greenback continues to lose ground vs...
USD JPY, “US Dollar vs. Japanese Yen” At the H4 chart of USD JPY, bearish Three Methods pattern indicates a descending movement. The downside Window may provide support. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a bearish movement...
EUR USD, “Euro vs. US Dollar” The H1 chart of EUR USD shows a sideways correction. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement...
EUR USD, “Euro vs. US Dollar” At the H4 chart of EUR USD, Morning Star pattern near the support level indicated an ascending movement. The closest Window provides resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction...
GBP/USD found renewed buying interest ahead of the New York opening and rose to fresh daily highs, although it stalled just shy of the 1.5100 level. Cable has managed to trim early weekly losses, having risen more than 90 pips throughout the day to reach a peak of 1.5092 in recent dealings...
The common currency extends its daily upside vs. the dollar, now pushing EUR/USD to session tops near 1.0950. EUR/USD bid on USD weakness The greenback has accelerated its downside after the US Dollar Index has broken below the key support at 98...
