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Crude prices in the US remain weak despite having recovered slightly from the low of USD 51.89/barrel as sentiment remains weak after the International Energy Agency (IEA) warned that oil stocks shall continue to rise this year...
Crude Oil
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Andrius Kulvinskas, 10 February 2015, 15:17
US DOLLAR TECHNICAL ANALYSIS Prices may be preparing to decline after prices put in a bearish Evening Star candlestick pattern. Negative RSI divergence reinforces the case for a downside scenario. Near-term trend line support is in the 11740-73 area, marked by a rising trend line and the 14...
Weekly Trends
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Sergey Golubev, 10 February 2015, 15:11 #crude oil, gold
I'd love to have eavesdropped on Thursday’s meeting in Berlin between Wolfgang Schäuble, the German Finance Minister, and Yanis Varoufakis, his counterpart in the new left-wing government of Greece...
Other
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Andrius Kulvinskas, 10 February 2015, 15:02
The greenback is appreciating vs. its northern neighbour on Tuesday, pushing USD/CAD to the upper-1.2400s. USD/CAD rebounds from 1.2440 The pair was able to revert the initial drop to the 1.2440 area following the offered tone in the greenback that prevailed throughout the Asian session...
Currency
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Andrius Kulvinskas, 10 February 2015, 14:56 #usd/cad
Gold prices are trading weak despite Greek issue and escalating tensions in Ukraine, due to the strength in the US Treasury yields and a strong US dollar. 10-year Treasury yield at one-month high The 10-year yield is trading at a one-month high of 2...
Metals
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Andrius Kulvinskas, 10 February 2015, 14:55 #gold
The Growth Aces Research Teamshares the trade setup for GBP/USD, further adding that Thursday’s BOE’s inflation report might be supportive for the cable as markets might reassess its rate hike expectations...
Analytics & Forecasts
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Andrius Kulvinskas, 10 February 2015, 14:32 #GBP/USD
Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, explains that USD/CAD is stuck in the 1.2352 to 1.2564 range, and is looking at oil prices and WTI’s ability to break and close above 50‐day at 53.51 levels for direction. Key Quotes “CAD is down 0...
Analytics & Forecasts
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Andrius Kulvinskas, 10 February 2015, 14:19 #usd/cad
Independent Analyst, Malcolm Graham-Wood, notes that the trimmed US supply forecasts and demand numbers shown in Opec’s monthly report added to oil’s positive momentum...
Crude Oil
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Andrius Kulvinskas, 10 February 2015, 14:03
Dean Popplewell, Director of Currency Analysis at MarketPulse, comments on the effect on Euro from the ongoing Greek crisis, and from a probable Grexit scenario...
Market News
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Andrius Kulvinskas, 10 February 2015, 13:55
On Tuesday Bitcoin prices fell in a quiet trade, with further losses expected amid bearish chart signals...
Currency
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News, 10 February 2015, 13:51 #Cryptocurrency, bitcoin
On Thursday the Bank of England will release its February Inflation Report, whichGoldman Sachs expects that it will deliver a modestly hawkish message to the market...
Analytics & Forecasts
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Vasilii Apostolidi, 10 February 2015, 13:40
Russia's Finance Minister Anton Siluanov said the country will ratify an agreement on the New Bank for Development set up by BRICS before the end of this month or at the beginning of March. Other participants will ratify the agreement later, Siluanov said, quoted by TASS...
Events
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News, 10 February 2015, 13:30
Tim Condon of ING, revises the 2015 Chinese inflation forecast to 1.0% from previous 2.0%, after food components drove January CPI to levels not seen since November 2009. Key Quotes “CPI inflation slowed to 0.8% in January from 1.5% in December. The consensus forecast was 1.0...
Market News
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Andrius Kulvinskas, 10 February 2015, 13:17
Britain’s factories kept their slow recovery in the run up to Christmas. But the rise in manufacturing output failed to offset falls in mining and energy, leaving industrial production down 0.2% in December, says The Guardian...
Events
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News, 10 February 2015, 13:07 #economy news
Greece could tap "another source" for funding - possibly even Russia or China - should the deal with Europe not be worked out, Greek Defence Minister Panos Kammenos warned...
Market News
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Andrius Kulvinskas, 10 February 2015, 12:57
Focus of the day: "The Greek government and European authorities are far from any potential agreement, with still very different positions, although we have seen some steps in the right direction...
Analytics & Forecasts
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Vasilii Apostolidi, 10 February 2015, 12:42
The TradeTheNews Team shares that independent Greeks Party Kammenos commented that Greece had a plan ‘B’ if the EU remained rigid on any agreement in tomorrow’s meeting, which eased the Greek tension a bit. Key Quotes “The focus remained on the Greek situation in Europe...
Analytics & Forecasts
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Andrius Kulvinskas, 10 February 2015, 12:33
The dollar was higher against the other major currencies on Tuesday, as concerns over a potential Greek exit from the euro zone continued to dampen market sentiment...
Currency
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News, 10 February 2015, 12:30 #usd/cad, GBP/USD, forex news
The Bank of Nova Scotia (French: Banque de la Nouvelle-Écosse), commonly known as Scotiabank (French: Banque Scotia), is the third largest bank in Canada by deposits and market capitalization. The following are Scotiabank's latets forecasts (end of period) for major currencies...
Forecasts
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Vasilii Apostolidi, 10 February 2015, 11:43
EUR: The single currency continued to meet selling interest just above 1.1350 and has retreated in European morning, offers are still noted at 1.1350-55, 1.1370-80 and 1.1400, sell orders are reported at 1.1420, 1.1460 and 1.1485, selling interest should emerge around 1.1500, 1.1520 and 1...
Analytics & Forecasts
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Andrius Kulvinskas, 10 February 2015, 11:42