Andrius Kulvinskas / Profil

The greenback is giving away part of the initial gains vs. its neighbour on Wednesday, now sending USD/CAD to the 1.2625/20 band...

The greenback is mostly advancing vs. its main competitors on Wednesday, with the exception of the British pound. In the meantime, markets’ focus remains on the extraordinary Eurogroup meeting due later in the European evening...

The TD Securities Team shares the performance of the markets during the mid-European session, noting that DM FX trades mixed as markets eye the Eurogroup meeting. Key Quotes “With no major data releases in the US or the Eurozone, today the focus of the markets is on political developments...

Gregor Horvat of EW-Forecast, uses Elliott Wave Analysis to predict that AUD/USD could make a move higher before resuming a move lower. Key Quotes “We are wondering if maybe commodity currencies have turned into a larger correction against the USD...

The BofA-Merrill Lynch Team, suggests going short on AUD/USD and explains the factors that’ll lead AUD to weaken in days ahead...

Lee Hardman, Currency Analyst at Bank of Tokyo-Mitsubishi UFJ, notes that the recent comments from Fed member’s has reinforced the expectations for a mid-year rate hike by the Fed...

GBP/USD extended gains and climbed during the European session, heading gradually towards 1.53 threshold as traders now eye Bank of England’s BOE inflation report due tomorrow. Rises from 1.5275 levels The GBP/USD pair trades higher by 0.27% at 1...

The New Zealand dollar continues its upward trajectory against the US dollar in the mid-European session, although the upside remains capped by a strong resistance around 0.7450 levels. Supported above 0.7400 Currently, the NZD/USD trades higher by 0.32% on the day, at 0...

Silver prices advanced today to trade above the 50-DMA located at USD 16.797/Oz levels. Prices stuck between 5-DMA and 10-DMA The metal is currently trading between the 5-DMA and the 10-DMA located at USD 16.882 and USD 17.075 respectively...

Analysts at Deutsche Bank see a positive outcome in the debt Greek situation will have to wait for the time being...

Senior Analyst Jens Pedersen at Danske Bank remarked the recent assessment of the ECB’s QE programme by the G20...

Gold prices on Comex steadied in the mid-European session, hovering near highs, as traders remain wary ahead of Euro group meeting on Greece. Greece in focus Currently, gold trades higher by 0.40% at 1237levels, having posted daily highs at 1238.70 levels earlier in the day...

The warehouse stocks data released daily by the London Metal Exchange (LME) showed a drop in the inventory levels of Copper, Zinc, Aluminium and Nickel, while Lead stocks increased. Copper stocks decreased by 750 tonnes, while Nickel inventories also declined by 72 tonnes...

According to Westpac, RBA might cut rates by 25bp in its March meeting, with the inflation outlook posing no barrier for any easing. Key Quotes “The RBA confirmed the end of the “ period of stability in interest rates” in Feb with a 25bp cash rate cut, to 2.25...

The AceTrader Team shares that as long as USD/CHF holds above 0.9176, the pair remains a buy on dips towards 0.9313. Key Quotes “Despite dlr's retreat fm last Mon's 0.9347, as long as 0.9167 (prev. res) holds, outlook remains supportive for further headway to 0.9446, being 61...

The eFXnews Team shares Barclays' view that Friday’s speech of RBA Governor Stevens' speech is likely to be dovish, raising the prospects of a further rate cut by the central bank...

Analysts at Danske Bank, explain that leading indicators suggest that growth in euro area is picking up. Key Quotes “In the euro area, leading indicators across the board suggest that growth is picking up.” “The OECD leading indicator has improved for several months...

USD/JPY maintained its upside momentum in the European morning and wavered near fresh monthly highs after upbeat US jobs data continues to support the greenback. USD/JPY eyes 120 mark Currently, the USD/JPY traded higher by 0.11% at 119...

For today R4 - 0.7942 / R3 - 0.7907 / R2 - 0.7877 / R1 - 0.7842 SPOT 0.7777 S1 - 0.7723 / S2 - 0.7665 / S3 - 0.7627 / S4 - 0.7580 LONG AT .7773 FOR .7942, STOP AT .7723...

“USD/JPY has broken higher from its converging range and despite strong overhead resistance we will simply go with this break”, notes Commerzbank Analyst, Karen Jones in her report...