sathish kumar / Blog
The common currency extends its daily upside vs. the dollar, now pushing EUR/USD to session tops near 1.0950. EUR/USD bid on USD weakness The greenback has accelerated its downside after the US Dollar Index has broken below the key support at 98...
The relentless sell-off in the commodities space this year has pushed the Bloomberg commodity index lower by 25%. The index closed at its weakest level since 1999 on Tuesday as commodity rout picked up pace following the weak China trade data...
The relentless sell-off in the commodities space this year has pushed the Bloomberg commodity index lower by 25%. The index closed at its weakest level since 1999 on Tuesday as commodity rout picked up pace following the weak China trade data...
Oil prices trimmed gains, but continue to trade on a positive note in the US session as traders await the US government’s weekly inventory data. At the time of writing, the WTI Jan futures were up 0.5% or 19 cents at USD 37.740/barrel. Brent futures were up 0.46% or 19 cents at USD 40.47/barrel...
Research Team at TDS, thinks it is a coin toss whether on Friday, 11 December the CBR keeps its Key Rate on hold at 11.00% or whether it cuts by 50 bps...
The bid tone on the CHF remains intact, which pushed the USD/CHF pair below 0.9902 (50% of 0.9476-1.0328). Rejected at 38.2% fib The pair fell to 0.9902 last week, followed by a recovery and failure to take out 1.00 (38.2% of 0.7476-1.0328) on a daily closing basis...
The upside in GBP/USD seems to have found strong resistance around 1.5080, easing to 1.5060 at the time of writing. GBP/USD bounces off 1.4950 Spot keeps recovering ground after bottoming out in the mid-1.4900s during yesterday’s session...
Gold prices trade dead flat around USD 1078/Oz as investors amid moderate weakness in the USD index and wavering European stock markets. Bullish 5-DMA and 10-DMA crossover The recovery from the multi-year low of USD 1046.18/Oz levels on Dec 3rd, followed by a rise to USD 1088...
Research Team at BBH, suggests that the slow news week picks up tomorrow with the RBNZ, SNB and BOE meetings. Key Quotes “Friday brings US retail sales. Today’s US wholesale trade report may be used by Q4 GDP trackers because of the information on inventories...
The Australian Bureau of Statistics, which will release new labor data tomorrow. Australia’s economy at this juncture is very vulnerable as it trying to rebalancing its economy away from the resource sector...