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Andrius Kulvinskas
Опубликовал пост USD/CAD looking at oil prices for direction
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...
Andrius Kulvinskas
Опубликовал пост Opec’s report adds to oil’s positive momentum
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...
Andrius Kulvinskas
Опубликовал пост Euro to be driven by the Greek negotiation timetable
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...
Andrius Kulvinskas
Опубликовал пост Low inflation to persist in China until oil prices reverse quickly
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...
Andrius Kulvinskas
Andrius Kulvinskas
Rabobank: We expect cable to consolidate at levels above 1.50 in the coming weeks
Andrius Kulvinskas
Опубликовал пост We May Find 'Another Source of Funding' - Greek Defence Min Kammenos
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...
Andrius Kulvinskas
Опубликовал пост Does Greece have a plan 'B' ?
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...
Andrius Kulvinskas
Andrius Kulvinskas
U.S. warns G20 against using exchange rates to boost exports http://reut.rs/1ASsb8O
Andrius Kulvinskas
Опубликовал пост European Session: Orders and Options Watch
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...
Andrius Kulvinskas
Опубликовал пост EUR/USD awaiting a break below 1.1262
The eFXnews Team shares SEB’s intraday outlook for EUR/USD. Key Quotes “Awaiting a 'B-wave' Break (<1.1262). One day older and more wiser...A sub-1.1262 break is needed to fully confirm a correctional peak in place (@1.1534) - and if so another sub-1.11 test would become highly likely...
Andrius Kulvinskas
Опубликовал пост GBP/USD rebounds from 1.5220 on UK data
The pound accelerates its gains vs. the US dollar on Tuesday, with GBP/USD gyrating around 1.5220. GBP/USD advances on UK data The pair managed to pick up pace from the 1.5220 area following the mixed results in the UK economy...
Andrius Kulvinskas
Опубликовал пост GBP/USD positive bias
Steve Miley of MarketChartist,mentions that as long as GBP/USD base at 1.15190 is intact the positive bias for a push higher remains for the pair. Key Quotes “The firm February recovery effort above the key 1...
Andrius Kulvinskas
Опубликовал пост Grexit concerns building
Lee Hardman, Currency Analyst at Bank of Tokyo-Mitsubishi UFJ, comments that with lack of compromise from either side (Greece, ECB), concern regarding a possible Greek default and exit are increasing...
Andrius Kulvinskas
Опубликовал пост EUR/USD sinks to fresh lows below 1.1300
EUR/USD bounced-off daily highs and fell to fresh session lows, witnessing huge swings during the European session, despite upbeat industrial production numbers from France and Italy. Declines from 1.1345 The EUR/USD now posts fresh session lows at 1.1293, down -0.26% on the day...
Andrius Kulvinskas
Опубликовал пост Silver drops almost 1%
Silver prices declined despite gains in Gold amid risk aversion due to Greek fears and escalating tensions in Ukraine. Trades below hourly 50-SMA Prices fell below the hourly 50-SMA level located at USD 16.92, after the metal faced rejection at the 10-DMA located at USD 17.07 levels...
Andrius Kulvinskas
Опубликовал пост Support & Resistance for USD/CAD
For today R4 - 1.2775 / R3 - 1.2645 / R2 - 1.2591 / R1 - 1.2547 SPOT 1.2475 S1 - 1.2400 / S2 - 1.2375 / S3 - 1.2350 / S4 - 1.2314 LONG AT 1.2470 FOR 1.2775 OBJECTIVE, STOP 1.2350...
Andrius Kulvinskas
Опубликовал пост G20 officials downplay concerns over competitive devaluations
Lee Hardman, Currency Analyst at Bank of Tokyo-Mitsubishi UFJ, comments that in the recent G20 meeting of central bankers and finance ministers, the policy makers appeared less concerned about USD strength, and reiterated their view to refrain from targeting exchange rates for competitive purpose...
Andrius Kulvinskas
Опубликовал пост AUD/USD erased gains
The Australian dollar failed to capitalize on upbeat Australian business confidence and a sharp drop in the Chinese CPI, pushing the AUD/USDpair back to 0.78 levels from the high of 0.7840 levels...
Andrius Kulvinskas
Опубликовал пост What’s the sentiment around EUR/USD today?
The single currency remains above the 1.1300 handle during the first half of the week, with the main focus on the Greek developments. Emmanuel Ng, FX Strategist at OCBC Bank, suggested, “Our view remains intact and we expect the EUR-USD to sit precariously on the 1...
Andrius Kulvinskas
Опубликовал пост Gold prices advance as fears over Greece hit riskier assets
Gold prices extended gains for the second consecutive session as concerns regarding Greece’s futures in the Eurozone curbed risk-on buying in the markets. Gold tests 200-DMA Gold prices rose to the 200-DMA located at USD 1245...