Further comments are out from the European Central Bank (ECB) outgoing Chief Economist Peter Praet, as he now says that the ECB’s toolbox is not empty at all.
Praet added that quantitative easing (QE) is still p […]
• A follow-through USD selling helped build on the recent bullish momentum. • Uncertainty over US-China trade talks further underpins safe-haven demand. • Investors now eye the latest FOMC meeting m […]
According to CME Group’s preliminary figures, open interest in EUR futures markets rose by more than 1.1K contracts on Tuesday from Friday’s final 541,573 contracts, recording the second advance in a row. In the […]
Palladium is currently trading at a lifetime high of $1,500, having scored gains in the last four days on supply deficit. The metal has rallied 80 percent in the last six months. Meanwhile, gold is currently […]
Analysts at Nomura present a detailed preview of the key points to watch out for in today’s release of the FOMC January meeting minutes scheduled at 1900 GMT. Key Quotes: “We expect more clarity regarding the FOM […]
The inverse head-and-shoulders breakout seen in EUR/USD’s 4-hour chart validates the bullish view put forward by the falling channel breakout on Monday and represents a bearish-to-bullish trend change (transition […]
USD/CAD daily chart
The USD/CAD dropped below 1.3195 during the early Asian trading on Wednesday.
The pair’s trading under February 13 low of 1.3195 signal extension to recent decline towards 1.3155 and a 2 […]
Australia Wage Price Index for Q4 2018 arrived at 0.5% q/q vs the expected 0.6%, which is yet another data input that will weigh on the Aussie. As noted from yesterday’s meeting minutes, the RBA Board said th […]
NEWS | 4 minutes ago
By Anil Panchal GBP/AUD trades little changed around 1.8310 during initial Asian session on Wednesday. The pair recently crossed three-week old descending […]
Pound extends gains, top performer of the day. GBP/USD up 300 pips last week lows. The GBP/USD rose further late during the US session and printed a fresh 2-week high at 1.3071. Near the end of the day, c […]
Following his meeting with British Prime Minister Theresa May, eurosceptic British lawmaker Steve Baker said that the ‘Malthouse Compromise’ was “alive and kicking.” “The Secretary of State for Exiting the EU c […]
“With the case for the Riksbank to facilitate SEK strength sharply diminishing and the Riksbank rather facing a puzzle of how to prevent SEK weakness in the low growth and low domestic inflation environment, we […]
Spot gold has bounced off trend line support and is at 10-month highs. Gold looks set on strong overhead resistance up at $1,360/75/oz. DXY on the way down after charting a key day reversal on Friday and […]
GBP/USD daily chart GBP/USD 4-hour chart GBP/USD bulls broke above the main SMAs suggesting a bullish bias in the medium-term. GBP/USD 30-minute chart GBP/USD is trading above the main SMAs suggesting a […]
GBP/JPY daily chart
GBP/JPY is trading in a bear trend below the 200-day simple moving average (SMA).
Bulls are testing the 100 SMA.
GBP/JPY is trading at daily highs as PM May is still looking to reopen […]
UK junior business minister says there won’t be a no-deal Brexit. PM May spokesman reiterates that the PM is looking to reopen the withdrawal agreement. US Dollar Index recovers to 97 area on Tuesday. The […]
In opinion of HSBC research team, the forthcoming release of FOMC’s 29-30 January meeting minutes will be eyed by investors and are likely to give a better read on how US policymakers reached their decision to s […]
The cross is looking to consolidate in the mid-0.8700s. UK labour market report came in mixed today. PM T.May expected to hold a cabinet meeting later. The Sterling trades on a sideline theme so far today and […]
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