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The world’s driest inhabited continent is facing a severe drought that Goldman Sachs says endangers to slash growth in 2016 to the weakest level in 24 years. It could also pressure the central bank to trim interest rates from an already record-low 2 percent...
The Australian dollar has posted modest losses on Wednesday, as AUD/USD lost ground following a weak Australian CPI release. The pair is trading at the 0.7140 in the North American session...
W1 price is located below 200 period SMA and 100 period SMA for the primary bearish with secondary ranging between Fibo resistance level at 0.7492 and Fibo support level at 0.6934: The price is crossing 61.8% Fibo support level at 0.7148 from above to below for the bearish trend to be continuing...
CAC 40 price is located to be above 100 SMA/200 SMA for the primary bullish market condition: "The index has experienced a fresh round of bullish momentum based on the most recent statements from the ECB suggesting that the central bank may exapand their current QE program...
Crude oil prices saw a rebound on Wednesday after an industry group reported that stockpiles fell at the Cushing storage hub in Oklahoma, delivery point for West Texas Intermediate oil contracts...
On the daily chart the pair trend is still downward, although it was not as pronounced.On the monthly figure is formed reversal bearish Head and Shoulders...
U.S. stocks opened slightly higher after two straight days of modest declines after Apple's strong results and as investors awaited the Federal Reserve’s announcement on interest rates...
GBPUSD: GBP continues to face downside pressure taking back its Monday gains to close lower on Tuesday. With more weakness underway, it could see further decline towards its key support located at 1.5199 level. On the downside, immediate support lies at the 1...
The world's biggest emerging economies including China and Russia are facing a batch of problems including slowing growth and corruption scandals, however, it doesn't prevent the World Bank from calling them better places for doing business...
Trading recommendations and Technical Analysis – HERE! Against the background of weak activity in the financial markets on Wednesday in anticipation of the Fed's decision on interest rates, the pair AUD / USD, however, declined sharply in the Asian session...
The Swedish krona and 10-year government bond yields hit two-month lows on Wednesday after Sweden's central bank expanded its asset purchase program and signaled it would intervene in the currency market if there is a threat to inflation...
UBS Group made a weekly technical forecast making the trading recommendations for the USD/JPY pair related for the trading. USDJPY: "We have seen some profit-taking ahead of the FOMC and BoJ meetings this week. Nothing is expected from the FOMC, but the BoJ could be a big event...
The U.S. dollar struggled to find a direction on Wednesday as traders and investors were jittery before the Federal Open Market Committee’s decision in the U.S. later in the day...
Volkswagen has suffered a €3.48bn operating loss in the third quarter of 2015, due to the cost of the diesel emission scandal - that’s even worse than the €3.26bn operational loss which analysts surveyed by Bloomberg had expected...
Gold prices were slightly higher early on Wednesday as traders and investors were extra cautious ahead of a statement from the Federal Reserve’s Open Market Committee due later in the global day...
As long as the ECB is printing money, no central bank can lift interest rates European Central Bank President Mario Draghi controls global interest rates, which means the U.S. and the U.K. won’t be raising rates any time soon. LONDON - Maybe right after Christmas. Perhaps in the spring...
UBS Group made a weekly technical forecast making the trading recommendations for the EUR/USD pair related for the trading. EURUSD: "We are struggling to see value in shorts." "Sell at 1.1060, adding at 1.1085, with a stop at 1.1110...
Click here to watch previous forecasts. DAX 15 min. chart - forecast checking (2015.10.27.) Dow 15 min. chart - forecast checking (2015.10.27.) EURGBP 15 min. chart - forecast checking (2015.10.27...
