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Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank explained the outlook forGreece and Russia remain core risks to EUR paths. Key Quotes: "EUR is struggling to retrace recent weakness, into the NA open it is up 0.3%, having retraced 1.6% from its low yesterday of 1.1098...
The shared currency is closing another day of gains, with EUR/USD now inching higher towards the 1.1370/75 band. EUR/USD eyes on the FOMC The bid tone around the EUR remains well and sound at the end of the NA session on Tuesday, while markets get ready for the key FOMC meeting due tomorrow...
U.S. stocks tumbled on Tuesday, with Microsoft and Caterpillar shares down sharply after quarterly results, while an unexpected decline in durable goods orders also weighed on sentiment...
US DOLLAR TECHNICAL ANALYSIS Prices are testing pivotal resistance marked by a peak dating back to March 2009. This barrier is reinforced by the 38.2% Fibonacci expansion at 11888, with a break below that on a daily closing basis exposing the 50% level at 11983...
EUR/USD rose briefly above the 1.1400 level and reached its highest level in 5 days as disappointing US durable goods orders added pressure on an already weakened greenback...
Syriza leader Alexis Tsipras campaigned on renegotiating Greek debt repayment terms but the job may already be done. Italy’s La Repubblica newspaper reports that EU and Greek officials had already agreed to push back the debt repayment schedule and lower the interest rate of loans...
The greenback declined against its Canadian counterpart on Tuesday, getting off a nearly six-year peak as a disappointing report on U.S. durable goods orders dampened demand for the greenback, while markets eyed the Federal Reserve's upcoming policy statement...
According to official data released on Tuesday, U.S. durable goods orders fell unexpectedly in December; core orders also fell, fuelling concerns over the strength of the economy. US stock index futures furthered sharp declines on the negative news...
Darkwallet has now released Alpha 8. This makes it easier to transact with Bitcoin anonymously and real cash withdrawals into the wallet comfortable. The organization says that the new update will bring many improvements to the Darkwallet...
On Tuesday German Finance Minister Wolfgang Schaeuble said he did not think member states of the European Union should contribute to the EU's planned 315 billion euro investment fund...
After the EURUSD collapsed to yet another 11-year low at 1.1097 following the outcome of the general election in Greece, the Euro bulls managed to recover lost ground against the USD on Monday with the pair advancing as high as 1.1290...
The Brown Brothers Harriman Team comments on the intra-EU political scenario arising from Tsipras victory, and view that the possibility of Grexit is next to none...
Good morning! Here's what you need to know in markets today. Winter Storm Downgrade. The northeast U.S. was pounded by snow overnight. Just before 6:00 a.m. ET, the blizzard warning for New York City was downgraded to a winter storm warning. The New York Stock Exchange Will Be Open...
On Tuesday the pound sterling slid lower against the greenback after official data indicated that economic growth slowed in the fourth quarter of 2014, although grew at the fastest annual rate since 2007...
The euro continues to post gains on Tuesday, as EUR/USD trades just above the 1.13 line in the European session. On the release front, there are no Eurozone economic reports. EU finance ministers will meet in Brussels later in the day...
British Petroleum has frozen the pay of its 84,000 staff globally in response to the sharp drop in the oil price, which has more than halved in the past six months...
European traders turned decently bid at market open amid Russian credit rating has been revised down to junk by the S&P. Although the decision was partially priced in, renewed pressures on the ruble keep traders alert on potential CBR intervention...
The Swiss currency fell to its lowest level against the euro since the Swiss National Bank abandoned its exchange-rate cap as the SNB’s vice president Jean-Pierre Danthine reiterated it is to intervene in markets...
On Monday, market talk focused on the victory of left-wing Syriza in the Greek parliamentary elections. However, the result had absolutely no negative impact on the euro. EUR/USD even rebounded well off the correction low (1.1098) to trade in the higher half of the 1...
The EUR/USD pair made another attempt at 1.13 levels, although the momentum faded away around 1.1290 levels amid lack of fresh fundamental triggers. The pair currently trades at 1.1278, after having hit a high of 1.1291 levels...
