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Oil gains 12% but ends the week down

Oil futures surged 12% on Friday, posting the biggest one-day gain since 2009, after the United Arab Emirates energy ministry said on Thursday that OPEC might be willing to cooperate on possible output cuts.

WTI for March delivery rallied 12.3% to settle at $29.44 a barrel on the New York Mercan...

01:46 13 February /2016 Forex

Upside potential for EUR/USD? - Commerzbank

Recent high levels of EUR/USD appear elevated and according to Antje Praefcke, analyst at Commerzbank, the higher EUR/USD rises, the higher the probability that the ECB finally decides on surprisingly aggressive easing. There are first signs indicating that the market view is sh...

01:23 13 February /2016 Forex

US stocks end the day higher but the week lower

US stocks closed the session higher, helped by gains in financials and a strong rally in oil prices, which surged 12% on the day.

The Dow Jones Industrial Average rose 313.66 points, or 2%, to 15,973.84, but lost 1.4% over the week. The S&P 500 gained 35.69 points, or 1.95%, to 1,...

01:23 13 February /2016 Forex

EUR/USD despite Friday™s fall, posts third weekly gain in a row

EUR/USD recovered slightly from session lows during the American afternoon although it remains in negative ground for the day but on track to post its third weekly gain in a row.

EUR/USD ...

01:00 13 February /2016 Forex

Latin American Currencies: the worst of the week

Latin American currencies were the worst performers in the currency market during the week, affected by risk aversion and by the global growth outlook. The Argentinian peso lost the most and hit record lows as it continues to decline after lifting currency controls back in ...

00:46 13 February /2016 Forex

Japanese economy likely tumbled again in Q4 2015 - Wells Fargo

On Monday, Q4 GDP data from Japan will be released. Analysts from Wells Fargo, expect a reading of -0.8%, after growing at a rate of 1% during the previous quarter.

Key Quotes:


œAbenomics, the combination of stimulative monetary and fiscal poli...

00:46 13 February /2016 Forex

GBP/USD about to end week unchanged

The pound managed to recover against the US dollar during the American session and recently even rose above 1.4500. The pair is about to end the week hovering around 1.4490 - 1.4520, near the level it closed a week ago.

At the beginning of the week, the pair dropped to 1.4349 but it was rejected...

23:46 12 February /2016 Forex

Mexican economic growth to remain under pressure - Wells Fargo

According to analysts from Wells Fargo, Mexican industrial production ended 2015 very weak and the economy is likely to remain under pressure.

Key Quotes:

œConfirming what had been clear earlier in the year, Mexican industrial productio...

23:46 12 February /2016 Forex

Forthcoming data for AUD/USD traders - TDS

Analysts at TD Securities explained the forthcoming data for AUD/USD traders.

Key Quotes:

"Employment has overshot job vacancies in recent months, so we expect a small +5k. Ra...

23:23 12 February /2016 Forex

EUR/GBP ends week higher but far from highs

EUR/GBP is about to post the third weekly gain in a row as it continues to rally from multi-year lows. But on the negative side for the euro, the close is likely to be far from the highs.

On Thurs...

23:00 12 February /2016 Forex

US key events for next week: FOMC minutes and CPI - Danske

Analysts from Danske Bank note that next™s week main events in the US calendar are the FOMC minutes and the inflation report.

Key Quotes:

œIn the US on Wednesday next week...

23:00 12 February /2016 Forex

Two-way risk for USD/CAD - TDS

Analysts at TD Securities explained that It may have felt like a long time given the turmoil in asset markets, but it was only 3 weeks ago that USD/CAD made a rapid ascent to the multi-year highs of 1.4690.

22:46 12 February /2016 Forex

Eurozone growth: Broad-based weakness - Wells Fargo

According to analysts from Wells Fargo, considering GDP data from the Q4 in the Eurozone, the European Central Bank my choose to ease policy further at the next meeting.

Ke...

22:23 12 February /2016 Forex

US labor market supports case for rate hike - BNP

Analysts at BNP Paribas explained that yhe labour market conditions clearly support another rate increase.

Key Quotes:

"In January, the unemployment rate dropped below 5% (to 4.9%) and wage growth was relatively strong (+0.3% for production and non-supervi...

22:00 12 February /2016 Forex

USD/JPY clings to 113.00, still headed for a weekly loss

USD/JPY managed to move a tad higher on Friday but only trimmed a slim part of this week™s losses and remains on track to post it second weekly loss in a row.

USD/JPY was supported by better-tha...

22:00 12 February /2016 Forex

AUD/USD: last up is Baker Hughes oil rig count

AUD/USD is trying to hold onto the 0.71 handle, but profit taking at the end of the week leaves risks to the downside as we head towards the US close.

The data has been digested, there is very li...

21:46 12 February /2016 Forex

EUR/USD: Range trade in the near term - Danske

Analysts from Danske Bank expect EUR/USD in the near term to range trade, as high risk aversion counterweighs relative interest rates.

Key Quotes:


œRelative rates lose importance when positioning becomes stretched. The latest significant EUR/USD short coverin...

20:46 12 February /2016 Forex

USD/CAD plummets as WTI breaks above $29.00/bbl

USD/CAD faced a bout of selling and plummeted toward 2-day lows as WTI crude futures continue to move higher, climbing above $29.00/bbl.

The Canadian dollar strengthened in sync with ...

20:46 12 February /2016 Forex

EUR/JPY made fresh 2016 lows this week

EUR/JPY is currently trading at 126.87 with a high of 127.66 and a low of 126.35.

EUR/JPY lost its footing at the turn of the month from the region of the 100 sma on the hourly sticks at 131.79 and has one up ...

20:46 12 February /2016 Forex

Fed minutes next week preview - TDS

The 27th Jan FOMC meeting where rates were left on hold has the Fed minutes released next week and analysts at TD Securities explained that the overall tone of January's minutes should be broadly balanced.

Key Quotes:

"The overall tone of January's minutes should be broadl...

20:46 12 February /2016 Forex

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