sathish kumar
sathish kumar
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sathish kumar
已发布文章Crude oil related currencies back under downward pressure - MUFG
Lee Hardman, Currency Analyst at MUFG, notes that the renewed slide in the price of crude oil has been the main market focus early this week following last week’s OPEC meeting which failed to provide any support...
sathish kumar
已发布文章UK’s manufacturing output fell worse than expected in October
UK’s manufacturing output in red, declined to -0.1 per cent year on year in October. Month on month it fell 0.4 per cent, lower than expectation. New orders deteriorated at a fastest pace since 2009. Lower oil prices have hurt manufacturers...
sathish kumar
已发布文章UK’s manufacturing output fell worse than expected in October
UK’s manufacturing output in red, declined to -0.1 per cent year on year in October. Month on month it fell 0.4 per cent, lower than expectation. New orders deteriorated at a fastest pace since 2009. Lower oil prices have hurt manufacturers...
sathish kumar
已发布文章GBP/JPY breaches 50-DMA support, drops below 185.00
The GBP/JPY pair took out the 50-DMA support at 185.11 and fell to an intraday low of 184.83 ahead of the monthly industrial production data in the UK...
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已发布文章EUR/GBP nears Fib resistance ahead of UK data
The EUR/GBP pair rose to its session highs near 0.7237 (50% of 0.7493-0.6981) on the back of China-led risk-off and weakness in Cable ahead of the UK industrial production data. Eyes UK data The data due in the UK is expected to show the factory output stalled in October...
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已发布文章AUD/JPY hammered through 89 amid falling stocks
The Japanese yen battered its Australian counterpart in the European morning, smashing AUD/JPY to fresh lows below 89 handle. AUD/JPY breaks key support at 20-DMA (88.96) Currently, the AUD/JPY pair drops -0.90% to near weekly lows of 88.85, having failed to resist 89 barrier...
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已发布文章Copper struggles for direction after China trade data
Copper prices swung between small gains and losses on Tuesday, as the latest trade figures out of China added to concerns over the health of the world's second-biggest economy, while also pointing to strong demand for the red metal. Chinese exports slumped 6...
sathish kumar
已发布文章Copper struggles for direction after China trade data
Copper prices swung between small gains and losses on Tuesday, as the latest trade figures out of China added to concerns over the health of the world's second-biggest economy, while also pointing to strong demand for the red metal. Chinese exports slumped 6...
sathish kumar
已发布文章Australia stocks lower at close of trade; S&P/ASX 200 down 0.91%
Australia stocks were lower after the close on Tuesday, as losses in the Energy, Resources and Metals & Mining sectors led shares lower. At the close in Australia, the S&P/ASX 200 fell 0.91%. The best performers of the session on the S&P/ASX 200 were Spotless Fp (AX:SPO), which rose 7...
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已发布文章EUR/CHF upside capped near 1.0860
EUR/CHF is trading in a tight range on Tuesday, following the prevailing lack of direction in the broader markets. EUR/CHF focus on EMU data The cross is advancing for the second consecutive session so far, finding good support in the 1...
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已发布文章Divergence of monetary policy making dollar bulls nervous - BBH
Research Team at BBH, suggests that the divergence of monetary policy remains very much in place, and it is not fully priced in, and they wonder if it really can be discounted. Key Quotes “We see the price action as an arguably long-overdue correction to a move that began in mid-October...
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已发布文章WTI hovers near 6-year lows, above $ 37.50
The oil futures on Nymex plunged to the lowest levels since Fed 2009 on 37 handle and now wavers within a striking distance of the multi-year lows as oversupply worries continue to spook oil markets. WTI set to test 6-year lows Currently, WTI trades modestly flat at 7...
sathish kumar
已发布文章EUR/USD heading northwards as Stoxx futures drop
The EUR/USD pair is heading northwards in the European session as the European stock futures point to China-led risk aversion ahead. Hovers around hourly 50-MA The pair currently trades near its hourly 50-MA at 1.0857 levels...
sathish kumar
已发布文章China’s November trade balance at $54.10 billion; exports weakened more than expected
China's trade performance continued to remain sluggish in November. Exports declined worse-than-expected 6.8 percent on year on year comparison, marking fifth straight month of decline. Imports on the other hand declined 8.7 percent. Imports fell for the 13th month in a row...
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已发布文章Eurozone GDP, UK manufacturing and industrial production data to watch out – Danske Bank
Research Team at Danske Bank, suggests that the market fosuc today will be on the release of Eurozone Q3 GDP numbers in addition to the UK manufacturing and industrial production data. Key Quotes “In the euro area the second release of Q3 GDP figures is due. We expect growth of 0...
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已发布文章USD/CHF flat-lined below hourly 20-SMA
The USD/CHF pair continues to trade around a flat-line over the last hours, meeting fresh supply near hourly 20-SMA at 1.0005 on every attempt to the upside. USD/CHF stuck in 20-pips narrow range Currently, the USD/CHF pair trades -0.09% lower at 0.9992, having posted day’s low at 0...
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已发布文章Gold bounced off hourly 200-MA, Eyes hourly 50-MA
Gold prices bounced off the hourly 200-MA at USD 1066.87 and now is eyeing the hourly 50-MA located at 1076.74 levels. Haven demand supports gold The weaker-than-expected Chinese trade data rattled investors, leading to risk-off in Asia, which could hit the European shores as well...
sathish kumar
已发布文章Gold bounced off hourly 200-MA, Eyes hourly 50-MA
Gold prices bounced off the hourly 200-MA at USD 1066.87 and now is eyeing the hourly 50-MA located at 1076.74 levels. Haven demand supports gold The weaker-than-expected Chinese trade data rattled investors, leading to risk-off in Asia, which could hit the European shores as well...
sathish kumar
已发布文章USD/JPY testing lows near 123, risk-off persists
The Japanese yen is seen consolidating gains against its American rival in early Europe, with USD/JPY stuck near lows and in search fresh incentives from the upcoming session. USD/JPY awaits European open Currently, the USD/JPY pair trades -0.22% lower at 123.11, managing to hold above 123 handle...
sathish kumar
已发布文章EUR/JPY in a tight range around 133.60
EUR/JPY is following the directionless mood prevailing in the broader markets, currently navigating a narrow range around the 133.60 area. EUR/JPY indifferent to Japanese data The cross seems to have found some support around the 55-day sma near 133...