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The Australian dollar reversed a part of previous losses and edged higher against its Japanese counterpart this session, driving AUD/JPY to fresh session highs just a hair-line short of 89 handle. AUD/JPY rises from 88.50 levels Currently, the AUD/JPY pair rises 0.21% to 88...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 03:11
USD JPY, “US Dollar vs. Japanese Yen” At the H4 chart of USD JPY, Evening Star pattern indicates a descending movement. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a bearish pullback...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 03:09
The H1 chart of EUR USD shows a sideways correction. The downside Window provides support. Three Line Break chart indicates a bullish direction; Doji pattern and Heiken Ashi candlesticks confirm that the descending correction continues...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 03:00
EUR USD, “Euro vs. US Dollar” At the H4 chart of EUR USD, bearish Three Methods pattern indicates a descending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 02:56
Analysts at Rabobank offered the key events taking place ahead...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 02:51
- China's trade data in CPI and PPI was expected with the former edging up to 1.4% y/y while the latter was expected to see deflation deepen further to -6.0% y/y. The data arrived 0.1% higher for CPI and 0.1% lower for PPI. Analysts at Rabobank explained the spread is enormously problematic...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 02:48
The consumer prices in the world’s second largest economy, China, ticked higher in Nov, coming in at 1.5% y/y against 1.3% booked in Oct. Markets had predicted an increase of 1.4% for Nov...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 02:45
Analysts at Westpac got together and drew up and lost of key points for the key flow indicators for Australia and New Zealand. Key Quotes: "Japanese demand for A$ assets held up well in October as AUD/JPY stabilised around 85...
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sathish kumar, 9 December 2015, 02:42
China sets Yuan central parity at 6.4140 vs 6.4078 Tuesday On Wednesday, the Chinese central bank, PBOC, sets USD/CNY reference rate at 6.4140 versus 6.4078 previous close, the highest levels since August 27...
Market News
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sathish kumar, 9 December 2015, 02:40 #China
The US oil keeps its recovery mode from almost seven-year lows on Wednesday and holds above $ 38 as markets remain wary ahead of fresh weekly supply reports from the EIA due later today. WTI: Bears take a breather from the recent rout Currently, WTI trades modestly flat at 38...
Crude Oil
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sathish kumar, 9 December 2015, 02:36 #crude oil
Analysts at ANZ explained the recent conditions surrounding AUD/USD. Key Quotes: "The AUD/USD came under pressure overnight as commodity prices tumbled. Oil made fresh cyclical lows, dragging down the commodity complex...
Market News
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sathish kumar, 9 December 2015, 02:29
USD/JPY is currently trading at 122.93 with a high of 122.96 and a low of 122.83. There was a little weakness in the Nikkei on the Tokyo open with a little bid USD/JPY towards the 123 handle and strong resistance there. The major pair was toying with the upside into the 122...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 02:26
NZD/USD has been turned back on the recent bid in early Asia and is contained within a narrow range 20 pips and resisted at the 50 SMA on the 1hr chart. The theme that is gripping the markets is the commodity sector and downturn, and catalysts explained here by analysts at ANZ...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 02:23
The GBP/USD pair edged lower for a third day in-a-row, having fell down to 1.4955 before recovering the 1.5500 level before the US close. Key Quotes: "The British Pound was weighed by falling oil prices, and worse-than-expected UK factory output, down in October by 0.1...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 02:21
Analysts at ANZ noted the downturn in commodities. Key Quotes: "What’s behind the recent slippage in commodity prices...
Market News
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sathish kumar, 9 December 2015, 02:19
Sean Callow, analyst at Westpac explained the key events ahead. Key Quotes: "The Westpac-MI consumer sentiment index will be released at 10:30am Syd/7:30am Sing/HK. The index printed at 101...
Market News
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sathish kumar, 9 December 2015, 02:17
The common currency ends the day higher against its American rival, albeit having held within quite a limited intraday range, and below the 1.0900 figure. Key Quotes: "The macroeconomic calendar was light amid a Christian holiday, observed by many European countries...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 02:15
AUD/USD is currently trading at 0.7213 with a high of 0.7270 and a low of 0.7186. AUD/USD has recovered back on the 0.72 handle after making lows to 0...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 02:13
US stocks ended lower on Tuesday as oil prices continue to weigh on energy sector, as WTI posted fresh 6-year lows. The Dow Jones Industrial Average dropped 162.5 points, or 0.92%, to 17,568, after shedding as much as 245 points earlier in the session. The S&P 500 lost 13.48 points, or 0...
Market News
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sathish kumar, 9 December 2015, 02:10
The EUR bulls took a breather in its upsurge in the early Asian trades, with EUR/USD clinching to Tuesday’s gains ahead of another data-quiet session today. EUR/USD capped below 1.0900 Currently, the EUR/USD pair trades modestly flat at 1.0887, oscillating in a 10-pips tight range...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 02:08 #EUR/USD