sathish kumar
sathish kumar
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sathish kumar
Published post Nikkei points to a lower open
The Nikkei 225 fell 1.04% or 203 points, ending at 19,492.60 on Tuesday, tracking Wall Street losses at the beginning of the day, further weighed by a continued decline in crude oil prices. The index traded as low as 19,222, and aims to open around 19,360, its lowest in three weeks...
sathish kumar
Published post Nikkei points to a lower open
The Nikkei 225 fell 1.04% or 203 points, ending at 19,492.60 on Tuesday, tracking Wall Street losses at the beginning of the day, further weighed by a continued decline in crude oil prices. The index traded as low as 19,222, and aims to open around 19,360, its lowest in three weeks...
sathish kumar
Published post Oil settles lower for third session in a row
Crude oil prices fell further on Tuesday and closed slightly lower despite having bounced from fresh 6-year lows sub $37.00 a barrel. WTI had a volatile session, oscillating between $36.64 and $38.58 a barrel, before settling at $37.52, down 0.28% on the day and posting its third loss in a row...
sathish kumar
Published post GBP/CAD climbs to fresh 2-month highs
The UK currency weakened against most of its major peers, but gained against the CAD, as falling oil prices sent the commodity-related currency to its lowest level in over 11 years against the greenback. GBP/CAD advanced for a second day in a row and posted a fresh 2-month high of 2.0424...
sathish kumar
Published post EUR/JPY continues to consolidate above 133.00
The euro finished higher against the yen on Tuesday and it continued to consolidate above 133.00. EUR/JPY peaked at 134.00 during the American session and finished trading around that level. EUR/JPY technical outlook Last week it peaked above 134.50 and then pulled back...
sathish kumar
Published post USD/JPY: camping out on 123 with a bullish bias
USD/JPY is currently trading at 123.05 with a high of 123.40 and a low of 122.71. Despite the Japanese GDP in Q3 with the real GDP growth in Japan being revised upwards to an annualized expansion of 1.0% from an initially reported contraction of -0...
sathish kumar
Published post Gold edges slightly higher but lacks momentum
Gold recovered some ground on Tuesday, ending the day slightly higher at $1,075 an ounce while investors adopt a cautious stance ahead of the Federal Reserve decision on rates next week...
sathish kumar
Published post EUR/USD hits fresh highs but remains limited under 1.0900
EUR/USD printed a fresh daily high recently at 1.0902 but if failed to continue to rise above 1.0900 and pulled back modestly below. It was trading at 1.0890, 55 pips above the level it closed yesterday...
sathish kumar
Published post USD/CAD hovers near 11-year highs
USD/CAD pulled back from fresh 11-year highs above 1.3600 as the loonie took back losses in tandem with oil prices, although the relief was short-lived. USD/CAD retreated from a peak of 1.3621 but the downside was contained by the 1...
sathish kumar
Published post EUR/JPY: 135 on the cards?
EUR/JPY pair continues trading range bound, ending the day slightly higher amid EUR's strength, although with the pair still unable to firm up above the 134.00 figure...
sathish kumar
Published post Nok appreciaton will not be tollerated - Deutsche
Analysts at Deutsche Bank explained that since October 2014, the Norges bank has cut the policy rate by 75 basis points, with the last easing in September of this year accompanied by a very aggressive revision to the repo rate forecast, implying an additional 24bp of easing and shifting out expec...
sathish kumar
Published post Poloz says BoC could cut rates below zero, if needed
BoC Governor Stephen Poloz said the bank lowered its effective lower bound for Canada’s policy rate to around -0.5%. He said the BoC could adopt negative rates in the case of adverse shocks, but added such a move isn't now under consideration...
sathish kumar
Published post USD/JPY: 122.20 support is critical - Commerzbank
Karen Jones, chief analyst at Commerzbank noted that USD/JPY needs to hold above the 122.20 support for an upside bias to remain. Key Quotes: "The intraday Elliott wave counts are pretty neutral. Resistance is offered by the 123.77 the recent high. Above here will target 125...
sathish kumar
Published post GBP/USD is deep bear's territory
GBP/USD is on the offer on the 4hr chart although is finding some demand below the 1.50 handle to trade currently at time of writing back on 1.5030...
sathish kumar
Published post Venezuela: Too early to get bullish - BBH
According to analysts from Brown Brothers Harriman the opposition victory in Sunday’s election in Venezuela is a potential game changer but the economic challenges and adjustments lie ahead...
sathish kumar
Published post Strong investments in Japan - Nomura
Analysts at Nomura explained that Japanese investors’ foreign portfolio investment activity remained strong in November. Key Quotes: "The pace of foreign portfolio purchases slowed from the previous month, but foreign investment momentum remains strong...
sathish kumar
Published post EUR/GBP hits 6-week highs
- EUR/GBP is about to post the highest daily close since October 21 as it continues to trade above 0.7250. A weak pound boosted the pair that broke above 0.7250 and climbed to 0.7279, new monthly high...
sathish kumar
Published post EUR/NOK in 3-month highs near 9.61
The Norwegian krone is sharply lower vs. the single currency during the first half of the week, lifting EUR/NOK to fresh highs around 9.6100 the figure...
sathish kumar
Published post US stocks slide, Dow drops 150 points
The stock markets in the US extended the risk-off sentiment seen in the Asian and European equities after a weak china data renewed growth concerns and led to a fresh sell-off in oil/commodity prices. At the time of writing, the Dow Jones Industrial Average (DJIA) was down 0.90% or 153 points...
sathish kumar
Published post US stocks slide, Dow drops 150 points
The stock markets in the US extended the risk-off sentiment seen in the Asian and European equities after a weak china data renewed growth concerns and led to a fresh sell-off in oil/commodity prices. At the time of writing, the Dow Jones Industrial Average (DJIA) was down 0.90% or 153 points...