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On Wednesday crude-oil futures were choppy in Asia as markets were eyeing U.S.-Iran nuclear talks and the build-up in U.S. oil supplies. Analysts consider the April-June quarter to be the weakest for the oil...
EURUSD failed again last week at Gann resistance in the 1.1040 area Our near-term trend bias is positive on the euro while above 1.0760 A move through 1.1040 is needed to set off a more serious advance A minor turn window is eyed around the latter part of the week Only weakness below 1...
US DOLLAR TECHNICAL ANALYSIS Prices are attempting to rebuild upside momentum after correcting downward as expected. Near-term resistance is at 12066, the 14.6% Fibonacci expansion, with a break above that on a daily closing basis exposing the 12149-77 zone (23.6% level, March 13 high...
EUR/NZD: Short One position that was opened on March 26 is still open for the pair. At the end of last week the downtrend was strong but the pullback that started at the begin of last week is not over yet and the pair is still consolidating...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, and USD/CAD. EUR/USD: remains heavy after breaking below 1.0800 as the dollar headed higher overnight. We are happy to sell rallies to 1.0830-40 with stops above 1.0890...
German Chancellor Angela Merkel and French President Francois Hollande pressed Athens to deliver an economic plan that its European partners can approve, as the sands are running out...
In the week through Monday, foreigners were said to have sold a net 1.7 billion yuan ($274 million) of Chinese shares via the Shanghai-Hong Kong exchange link, while outflows from the two biggest Hong Kong exchange-traded funds tracking mainland shares totaled $622 million...
US DOLLAR TECHNICAL ANALYSIS Prices turned lower as expected, with prices digesting losses near monthly lows. A daily close below the 11858-86 area (23.6% Fibonacci retracement, March 18 low) exposes the 38.2% level at 11679...
Deutsche Bank believes that its medium-term outlook for a sustained uptrend in the USD/JPY remains intact as it's consistent with the recovery trend in the US and Japanese economies, and prospects for a US rate hike amid extended QQE in Japan...
On Tuesday International Business Machines Corp said it is planning to invest $3 billion over the next four years in a new 'Internet of Things' unit. The company aims to sell its expertise in gathering and making sense of the surge in real-time data...
On Tuesday the greenback was broadly higher against its peers, as growing hopes for a U.S. rate hike continued to underpinned demand for the greenback and as concerns over Greece's ability to secure additional bailout funds dampened risk sentiment...
On Tuesday global stock markets mostly rose, boosted by positive data from major economies and hopes for stimulus in China...
According to revised official figures released today, the UK's economy grew at a faster pace than initially estimated last year...
World oil prices will not exceed $60 per barrel ranging within $50-$60, according to a leading economist of the European Bank for Reconstruction and Development (EBRD), Dmitry Gvindadze...
China's tech giant and world's second biggest telecoms equipment maker Huawei Technologies reported that its profits jumped a third last year, driven by strong performances in all its businesses...
Over the last week both gold and silver were higher before stabilizing on Friday. The Fed induced rally which started on Wednesday March 18th, was probably the “reason” for the optimism in the precious metals complex...
On Tuesday the greenback rose against the euro and the yen, as investors anticipated the most recent U.S. employment report later in the week, and uncertainty over Greece continued to weigh on the single currency...
