Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.Trading foreign exchange on margin carries a high level of risk and may … [Continue reading]
WTI pulls back to $58.35 amid a lack of fresh catalysts
WTI snaps two-day losing streak. The global push for the immediate solution of Libyan oil seize, headlines from Iran/Iraq in focus. API data, trade/political news will offer fresh direction. WTI bounces off to $58.35 during early Wednesday. In doing … [Continue reading]
Forex Today: Risk-off led the way
Here is what you need to know on Tuesday, January 22nd: A virus outbreak in China that can be spread between humans spurred risk aversion. China canceled the Lunar New Year´s celebrations to prevent a worldwide outbreak of the coronavirus, although … [Continue reading]
Gold Price Analysis: XAU/USD drops sharply to $1550/oz
Gold is trading in the New York session below the 1558/1555 resistance zone. The level to beat for bears is the 1550 support. Gold daily chart XAU/USD is trading in a bull trend above its main daily simple moving averages (SMAs). After a failure at … [Continue reading]
President Trump’s speech at WEF in Davos – Live
President Donald Trump is expected to speak at the World Economic Forum (WEF) in Davos. [embedded content] The centre of the debate is expected to be the climate change amidst the well-known scepticism from the US President. In addition, Trump is … [Continue reading]
BOJ’s Kuroda: Upward revision to GDP forecasts due to government stimulus plan
Further comments are crossing the wires from the Bank of Japan (BOJ) Governor Kuroda, as he continues to address the post-monetary policy presser this Tuesday. Key Quotes: Risk sentiment recovering worldwide pushing up stocks. Downside risks from … [Continue reading]
AUD/JPY drops to seven-day low following fresh risk aversion
AUD/JPY extends losses to the third consecutive day. A mix of trade/political headlines gains strength from news concerning the spread of the virus in China to favor the risk-off. BOJ, Aussie employment data in focus for near-term direction. AUD/JPY … [Continue reading]
USD/JPY keeps gains above 110.00 ahead of BOJ
USD/JPY stays beyond 110.00 for the third consecutive day. Broad US dollar strength, downbeat Japan data and expectations of no change in BOJ’s monetary policy keep the pair light. IMF’s expectations of a modest recovery in 2020, optimism spread … [Continue reading]
EUR/USD: Narrower US-EZ growth differentials in 2020 may lead to a rebound – CitiBank
Analysts at Citibank think pessimism regarding the Eurozone outlook may be overdone especially if Brexit is resolved and the European Central Bank (ECB) itself appears to be signalling little appetite to ease monetary policy further with fiscal … [Continue reading]
USD/JPY consolidates above 110.00 mark, focus shifts to BoJ on Tuesday
USD/JPY remains confined in a range above 110.00 round-figure mark. A slight cautious mood benefitted the JPY’s perceived safe-haven status. The mildly bid tone surrounding the USD continues to lend some support. The USD/JPY pair remained confined in … [Continue reading]