All Blogs
James Knightley, Senior Economist at ING, comments that the swings in oil prices and demand are pouring unnecessary confusion in the UK economy’s growth story as the current oil related deficit was only due to the large buildup in inventories due to low prices...
While the S&P 500 stands close to record highs, investor sentiment's serene facade is starting to crack As volatility measures trend higher, the Oil volatility index has surged these past months A comparison of 'risky' assets to traditional 'safe havens' is the most common approach, but the a...
On Monday the Australian dollar traded lower against its U.S. peer, impacted by mixed Australian job advertisement data. Demand for the greenback remained underpinned by Friday's strong employment report...
FXStreet Editor and Analyst, Omkar Godbole, views that the EUR/USD pair is unlikely to sustain gains above 1.1345, with the pair likely to test 1.1303 levels. Key Quotes “The EUR/USD pair is struggling to rise above 1.1340 levels, after having ended lower on Friday at 1.1319 levels...
Greek Prime Minister Alexis Tsipras revealed plans to undo several austerity measures which compiled a condition of Greece’s international bailout, putting his new government on a path of confrontation with its European partners...
Gold prices recovered marginally to USD 1240/Oz levels after the Chinese trade data showed further economic weakness in China. Gains capped by strong USD The yellow metal recovered from the Friday’s closing of USD 1234.2/Oz after the data in China showed showed China's exports falling 3...
According to FXStreet Editor and Analyst, Omkar Godbole, the GBP/USD pair is likely to test 1.5221 levels, with technicals supporting the bearish view. Key Quotes “The GBP/USD pair ended lower on Friday at 1.5236 after having failed to extend gains above the 10-week SMA...
Brian Mangwiro of RBS, shares the CFTC positioning of currency futures as of 3rd February, noting that specs are still long USD, with heavy shorts on EUR, AUD and CAD. Key Quotes “USD (DXY) longs rose ~1k to 71.6k (record high is 73.1k).” “Euro shorts continue to surge; rose another 11...
EUR/USD keeps the trade in the vicinity of 1.1320/30, recovering ground after a negative start in sub-1.1300 levels. According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair “spent much of last week consolidating just below the initial retracement level at 1.1520 (23...
Imre Speizer of Westpac views that NZD/USD momentum remains negative, and although it has fallen sharply since mid-July (-9%), there’s nothing to halt a further push to 0.7120 during the weeks ahead, and possibly even lower...
WTI Oil futures on Nymex remained lifted on news that the number of rigs drilling for oil in the US fell to the lowest level since December 2011. Eyes USD 53/ barrel Currently, WTI oil trades 0.46% higher at USD 51.93/ barrel, retreating from fresh session lows posted at 51...
Hangzhou-based Alibaba Group Holding Ltd. will acquire a stake in Meizu, a Chinese smartphone maker, as it looks to expand its presence in mobile technology...
EUR opened today with a small downside gap but the 1.1290 support stopped the downside move and the price bounced back to 1.1340 resistance. Next resistance comes at 1.1360-1.1380 area and above that the upside will accelerate. Target will be set at 1.1530, but before that 1.1410 and 1...
Karen Jones, Head of Technical Analysis at Commerzbank, gives the technical outlook and the trade setup for EUR/CHF and USD/CHF. Key Quotes “EUR/CHF last week rallied to, tested and held below the 1.0600/70 region – this is the 61.8% retracement of the sell off.” “It is increasingly likely that 1...
On Monday, gold prices on Comex remained slightly higher in the Asian session, as weaker than expected Chinese trade balance data pressured Asian equities, making investors look for a shelter...
National Bank of GreeceChairman George Zannias and Chief Executive Officer Alexandros Tourkoliasplan to step down from their positions in Greece's central bank in the next few days, CEO Tourkolias said on Sunday...
The Nomura Team shares the positives and negative points of Friday’s US jobs report. Key Quotes Positives “Nonfarm payrolls rose by 257k (Consensus: 228k, Nomura: 230k). The pace of job creation in December and November was revised up by 70k and 77k, respectively...
Analysts at Deutsche Bank share the FX trade setup for EM currencies. Key Quotes “Open long EUR/ILS on expected BoI reaction to hefty appreciation, low inflation, and very extended technicals...
Big U.S. banks say that a proposed Federal Reserve rule on higher capital requirements would penalize them if the dollar remains strong against the euro, as it would make their dollar-denominated assets and operations look larger relative to their European peers, the Wall Street Journal reported...
EUR/USD holds above 1.13 threshold in the late-Asian session, quickly recovering from a dip below 1.1300 in the Asian opening hours. Greece talks in focus The EUR/USD now trades at 1.1339 levels, up 0.20% on the day, heading towards previously posted daily highs at 1.1341 levels...
