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The EUR/USD pair trimmed gains to trade around 1.0915, while the European stocks trade mixed following a firmer start. Focus on stocks The shared currency could continue to track the movement in the European equities as the data docket is empty...
With the USD having appreciated consistently for approximately eighteen months, there is massive long positioning in the market...
In the view of Pernille Henneberg, Senior Analyst at Danske Bank, the Norwegian krone remains vulnerable in light of the slump of crude oil prices and the prospects of rate cuts by the Norges Bank...
The two-day rally seen in gold appears to lose steam near 5-DMA placed at 1079 levels and the price drifted lower amid positive sentiment on the European stocks. Gold: Higher lows on daily charts, breakout in sight? Currently, gold trades marginally higher at 1076...
Market Summary EURUSD 15 min. chart: Long sentiment from 1.0918. The long zone starts from this level. EURUSD could be bought at any level till the price reach the targets above. Short sentiment from 1.0862. The selling zone starts from this level...
H4 price is on bullish market condition with the secondary correction: the price is traded near Ichimoku cloud and Senkou Span line which is the virtual border between the primary bullish and the primary bearish on the chart...
Research Team at BNP Paribas, notes that the USDCNY reached a new high this morning at 6.4250 as Chinese authorities allowed further RMB depreciation. Key Quotes “This trend is consistent with our expetctations that the pair will trend towards 6.60 during 2016 as the USD rebounds...
The bid tone on the JPY is seen easing post-European open, sending USD/JPY back towards 123 handle as risk-on returns to markets. USD/JPY: Risk-on seeps back Currently, the USD/JPY pair trades -0.09% lower at 122.81, recovering from session lows reached at 122.64 levels...
The Bank of England has held interest rates at record low of 0.5 per cent since March 2009. There is a lot of speculation in the market with respect to the timing of the rate hike. Bank Governor Mark Carney told lawmakers on that interest rates were likely to stay low for "some time...
The GBP/JPY pair ran into fresh bids near 184.02 (23.6% of 195.88-180.36) and recovered losses to trade largely unchanged around 184.45 levels. Stuck between key Fib levels The cross has been stuck between key fib levels – 184.02 (23.6% of 195.88-180.36) and 186.29 (38.2% of 195.88-180.36...
The stock markets across Europe opened on a positive note, tracking the relief rally in oil. The mining-heavy London’s FTSE index advanced 0.4%. The pan-European Euro Stoxx 50 index was largely unchanged. France’s CAC was up 0.20%, while Germany’s DAX was trading dead flat...
The GBP/USD pair stages a solid comeback this session, bringing an end to three consecutive days of declines, mirroring the recovery in oil prices. GBP/USD finding support above daily pivot at 1.5008 The GBP/USD pair trades 0.18% higher at 1.5037, having posted fresh session highs at 1.5043...
The price is located below Ichimoku cloud for the primary bearish area of the chart with the secondary ranging within the following key reversal s/r levels: 1046.27 support level located far below Ichimoku cloud in the primary bearish area of the daily chart, and 1191...
Taisuke Tanaka, Research Analyst at Deutsche Bank, suggests that the rising current account surplus of Japan can contribute to capping USD/JPY upcycle in 2016. Key Quotes “Japan’s C/A surplus has been expanding...
Taisuke Tanaka, Research Analyst at Deutsche Bank, suggests that the rising current account surplus of Japan can contribute to capping USD/JPY upcycle in 2016. Key Quotes “Japan’s C/A surplus has been expanding...
Senior Analyst at Danske Bank Pernille Henneberg sees the cross entering in the overbought territory following the recent rally...
Analysts say that history in the #oil #market repeats itself, and draw a few parallels between the current situation and the period from 1997 to 1999, when oil had dropped to $ 10. What is similar between the 1990's and nowadays? Find out more by checking out the Source Link...
World Bank, in its latest review, mentioned the commodity prices are unlikely to see a recovery over the next 5 years. The review also says African currencies have depreciated due to anticipated US interest rate hike...
The single currency keeps appreciating vs. its Swiss peer on Wednesday, pushing EUR/CHF to test highs around 1.0840. EUR/CHF within range ahead of SNB The cross seems now to be stabilizing around the mid-1.0800s after being rejected from the 1...
