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Expect further easing by the CBR “ Danske Bank

FXStreet (Edinburgh) - Strategist Vladimir Miklashevsky at Danske Bank assessed the recent decision by the CBR to cut rates by 50 bp.

Key Quotes

œThe main reasons given by the central bank for the cut were œthe considerable cooling of the economy despite a sligh...

15:23 04 August /2015 Forex

Euro Stoxx 600 drops 0.5%

FXStreet (Mumbai) - European stocks snapped 5-day winning streak as losses in the banking shares outweighed the recovery in the commodity shares.

The Euro Stoxx 600 dropped 0.5% to a session low of 397.01. Among the regional indices, the London™s Ftse fell 0.27% and German Dax fell 0.34%. The Italy™s FTSE...

15:23 04 August /2015 Forex

US Dollar navigates session lows near 97.30

FXStreet (Edinburgh) - The greenback, in terms of the US Dollar Index, has retreated to the low-97.00s on Tuesday, coming down from session tops around 97.50.

US Dollar Index focus on US data

15:23 04 August /2015 Forex

GBP/USD retakes 1.5600

FXStreet (Mumbai) - The British pound trades modestly flat versus the American dollar in the European session, with GBP/USD wavering near 1.56 handle, as the GBP traders await fresh triggers from the upcoming US session with factory or...

15:00 04 August /2015 Forex

Brent back above USD 50/barrel from six month low

FXStreet (Mumbai) - Brent oil prices recovered losses in the European session to trade above USD 50/barrel on the back of a weaker USD, and an uptick in Chinese stock markets.

Recovers from 6-month low

Prices dipped to a six month low of USD 49.36/barrel on ...

15:00 04 August /2015 Forex

AUD/USD: bid tone intact, nears 0.7400

FXStreet (Mumbai) - The bid tone on the Aussie remains intact as the AUD/USD pair printed a fresh session high of 0.7395 despite weakness in commodity prices and an uptick in the treasury yields.

14:46 04 August /2015 Forex

USD/CAD eases-off 11-yr highs on oil price rebound

FXStreet (Mumbai) - The Canadian dollar managed to recover a part of yesterday™s losses versus its American rival during the European session, driving USD/CAD away from fresh multi-year h...

14:46 04 August /2015 Forex

USD/JPY: Bulls struggling around 124, awaits fresh incentives

FXStreet (Mumbai) - The US dollar is seen trading directionless versus the Japanese currency in the mid-European session, now pushing USD/JPY towards 124 barrier, as the major continues to remain ...

14:23 04 August /2015 Forex

Gold testing 200-DMA, awaits US data

FXStreet (Mumbai) - Gold prices on Comex bounced-off 1080 “ key support levels and extend its recovery in the mid-European session, having breached the 200-DMA resistance, as broad based US dollar weakness c...

14:00 04 August /2015 Forex

Comm-currencies still under pressure “ BTMU

FXStreet (Edinburgh) - Lee Hardman, Currency Analyst at BTMU, assessed the current scenario in the commodities-related currencies.

Key Quotes

œCommodity related currencies continue to remain under downward pressure in the near-term especially those from net oil exp...

14:00 04 August /2015 Forex

GBP/AUD recovers above 2.11 handle

FXStreet (Mumbai) - The GBP/AUD spot recovered from the low of 2.1087 to trade around 2.1140, helped by the minor correction in the AUD.

Weak UK data ignored

The UK construction PMI...

13:46 04 August /2015 Forex

Romania Interest rate decision: 1.75% (Barcelona) For more information, read our latest forex news.

13:46 04 August /2015 Forex

Shanghai Composite rallies on new measures, ends 4% higher

FXStreet (Mumbai) - Most Chinese indices ended higher on Tuesday; with the Shanghai benchmark posting steep gains after Chinese regulators announced new measures to curb high volatility...

13:46 04 August /2015 Forex

RBA: no more easing for the time being “ Societe Generale

FXStreet (Edinburgh) - Strategist Kit Juckes at Societe Generale reviewed the recent decision of the RBA to leave its monetary policy unchanged.

Key Quotes

œThis morning™s statement, when rates were also left at 2%, comments only that œThe Australian ...

13:46 04 August /2015 Forex

European stocks trade weak, Greek shares plunge

FXStreet (Mumbai) - European equities traded lower on Tuesday after slipping commodity price and energy stocks dented risk sentiment on Wall Street and in Asia.

The European Stoxx 600 was down over 0.2% in the morning. London's FTSE 100 and the German DAX trade up around 0.2%, while ...

13:24 04 August /2015 Forex

AUD/JPY stages powerful rally

Accordingly to the 1-hour MACD, the runaway AUD/JPY market has reached its highest intraday momentum of the last month of trading.

Caution is advised not to trade into a buying climax as a torrent of selling could very well ensue. This could take the form of short-term profit taking or long-term seller...

13:24 04 August /2015 Forex

European Monetary Union Producer Price Index (MoM) registered at -0.1%, below expectations (0%) in June (Barcelona) For more information, read our latest forex news.

13:24 04 August /2015 Forex

European Monetary Union Producer Price Index (YoY) meets expectations (-2.2%) in June (Barcelona) For more information, read our latest forex news.

13:24 04 August /2015 Forex

GBP/USD capped below 1.5600 post UK data

FXStreet (Mumbai) - GBP/USD stalled its recovery at 1.5600 levels and trades muted in the European morning, as the GBP traders digest the latest UK construction PMI report which revealed that the UK construction secto...

13:24 04 August /2015 Forex

EUR/GBP has 0.7131 on sight “ Commerzbank

FXStreet (Edinburgh) - In the view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the cross could re-visit the area of 0.7131.

Key Quotes

œEUR/GBP h...

13:24 04 August /2015 Forex

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