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U.S. Dollar Rises Amid Risk Aversion The U.S. dollar strengthened against the other major currencies in the early European session on Monday amid risk aversion, as oil prices extended decline and China's central bank weakened the central parity rate of yuan by the most since January. The U.K...

Eurozone Current A/c Surplus Falls For Second Month Eurozone's current account surplus decreased for a second straight month in January, data from the European Central Bank showed Monday. The seasonally-and-working-day adjusted current account surplus dropped to EUR 25.4 billion from EUR 28...

Lithuania Industrial Production Grows In February Lithuania's industrial production climbed notably in February from a year ago, figures from Statistics Lithuania showed Monday. Industrial production rose a working-day-adjusted 6.3 percent year-over-year in February...

GBP/USD Likely to Extend the Rebound to 1.4570 – UOB In view of the research team at UOB Group, the pair could see its upside extended towards 1.4570. Key Quotes “While the strong rally from the low of 1...

USD/CHF Potential Visit to 0.9799 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could attempt a bounce towards the 0.9800 handle. Key Quotes “USD/CHF last week sold off towards the 2015-2016 uptrend at .9635”...

EUR/USD Dips Below Confluence of Fibo Support The common currency is losing grounds amid flat action in the European equities, with EUR/USD pair now trading below the confluence of Fibo level - 1.1257 (61.8% of 1.1714-1.0517) + 1.1253 (100% Fibo of 1.0517-1.1060-1.0711). Offered at 1...

GBP/USD Weaker, Wobbles Around 1.4400 The sterling is losing the grip at the beginning of the week, now sending GBP/USD to the lower end of the range around the 1.4400 handle. GBP/USD gains capped around 1.4500 After reaching fresh highs above the 1...

Canadian Dollar, Oil Remain Near Highs for the Year The Canadian dollar and oil prices slipped in trading Friday, but remained near a three-month high. The loonie, which rose above 77 cents Thursday, was down one third of a cent to 76.78 cents US in late afternoon...

Brent Oil Drops to 5-DMA and Recovers Brent prices fell to 5-DMA level of $40.53/barrel, before trimming losses to trade around $40.80 levels on reports china’s oil imports rose to a fresh high...

Hong Kong Inflation At 8-month High Hong Kong annual inflation unexpectedly accelerated in February for a third consecutive month to its highest level in eight months, figures from the Census and Statistics Department showed Monday. The consumer price index rose 3...

Taiwan Feb Export Orders Fall Less Than Forecast Taiwan's export orders decreased at a slower-than-expected pace in February, data from the Ministry of Economic Affairs showed Monday. Export orders dipped 7.4 percent year-over-year in February, below economists' expectations for a 10...

Denmark Consumer Confidence Eases At 5-Month Low Denmark's consumer confidence weakened for a third straight month in March to its lowest level in five months, survey data from Statistics Denmark revealed Monday. The consumer confidence index fell to 3.6 from 4 in February...

U.S. Dollar Rises Against Majors The U.S. dollar strengthened against the other major currencies in the early European session on Monday. The U.S. dollar rose to 4-day highs of 1.1253 against the euro and 1.4392 against the pound, from early lows of 1.1285 and 1.4467, respectively...

Turkey Consumer Confidence Improves In March Turkey's consumer confidence rose in March after easing sharply in the previous three months, survey data from the statistical office Turkstat showed Monday. The consumer confidence index climbed to 67 from 66.6 in February. After hitting a peak of 77...

Dutch House Prices Rise Further Dutch house prices continued to increase in February, though at a slower pace than in the previous month, figures from the Central Bureau of Statistics showed Monday. Price index of existing houses climbed 3.8 percent year-over-year in February, following a 4...

Russian Rouble Fails to fall Below Key Support at 67.42, Good to Buy on Dips USD/RUB is currently trading around 68.7198 levels. It made intraday high at 69.2450 and low at 67.5951 levels. Intraday bias remains bullish till the time pair holds key support at 67.2782 levels...

USDX Technical Analysis for March 21, 2016 The Dollar index remains in a bearish trend. Price is heading towards the 94-93.50 area. The price formation looks like an important top was formed. The trend resistance is very important at 98.50 and at 97.60...

Gold Technical Analysis for March 21, 2016 Gold price remains in a short-term bearish trend and is making lower lows and lower highs. Price remains inside the sideways channel and as long as we remain above $1,220 there are still chances of a new high towards $1,300...

Technical Analysis of USD/CHF for March 21, 2016 USD/CHF is expected to trade in a lower range as key resistance is set at 0.9745. The pair remains weak below 0.9745, which acts as strong resistance. The relative strength index is above its neutrality area at 50, but lacks upward momentum...

Technical Analysis of NZD/USD for March 21, 2016 NZD/USD is expected to trade in a bearish bias. The pair is in consolidation now after the recent rallies. The relative strength index is mixed, calling for caution...