Andrius Kulvinskas / Profil

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...

Karen Jones, Head of Technical Analysis at Commerzbank, gives the technical setup for EUR/CHF and USD/CHF. Key Quotes “EUR/CHF last week rallied to, tested and held below the 1.0600/70 region – this is the 61.8% retracement of the sell off.” “It is increasingly likely that 1.0670 (61...

Oliver Harvey, Macro strategist at Deutsche Bank, reviews the G10 currencies based on technical measurements to determine which one are the most favourable to trade, noting that while AUD/USD is the most trending currency, the pair appears very stretched from both RSI and RR measures...

Gold prices on Comex advanced amid thin Asian demand, rebounding from near one month-lows reached in the previous session, as traders continue to speculate over Greece’s future. Stuck below 200-DMA Currently, gold trades higher by 0.41% at 1237.30 levels, having posted daily lows at 1233...

Analysts at Kshitij Consultancyshare the technical outlook for AUD/USD. Key Quotes “As it turns out, the intra-day Resistance at 0.7842 mentioned yesterday on the Aussie (0.7775) held well possibly reinforcing the overall downtrend.” “Layers of Resistances coming up overhead now (0.7842, 0...

Strategists at Westpac remark the relevance of the 1.1205 level in EUR/USD. Key Quotes “Still not a lot going for the euro right here even though its more stable price action lately speaks to a better tone”...

The US dollar is prolonging its momentum vs. its Canadian counterpart on Tuesday, pushing USD/CAD beyond the 1.2600 handle. USD/CAD firmer on BoC The sharp sell off in the crude oil (down almost 5% around $50...

Analysts at Westpac Banking Corporation explained that they will buy weakness inUSD/CAD at 1.2320...

The US dollar is trading higher on Tuesday after rumors that the European Commission is working on a solution with Greece. China also reported a weaker than expected inflation in January, opening the door to further monetary easing from the PBoC...