Forex

Event calendar

21

Bitcoin price analysis: Passes another test; bulls say, next one please Manoj B Rawal

Bitcoin, the king of cryptocurrencies, after breaking out earlier this month has momentum on its side and seems the "death" calls have started dwindling down as it crosses one hurdle after another and nears one round figure mark after another - $9,000 now.BTC/USD is now up nearly a percent at $8,950, shy of psychologically important round fig...

10:46 21 April /2018 Forex

Bitcoin cash price analysis: Late breakout but not the laggard Manoj B Rawal

Bitcoin cash, which was late in joining the bandwagon of breakouts of all the cryptocurrencies that started earlier this month, quickly joined them this week and has a clear message for the bulls - Long way to go before it stops.BCH/USD up about 0.5 percent at $1,130.7 and up nearly 4...

09:23 21 April /2018 Forex

Wall Street stocks down as US bond yields hit new highs Flavio Tosti

The three main US indices closed lower on the last day of the week. The S&P 500, the Dow Jones and the Nasdaq all closed below their 50-period simple moving average. The S&P 500 Index dropped 0.90% to 2,670 while the Dow Jones Industrial Average DJIA lost 0.80% to 24,463 and the Nasdaq Composite Index fell 1.3% to 7,146. The decline was led by technology shares, especially Apple which drop...

00:23 21 April /2018 Forex

USD/JPY fails to break above 107.90 amid drop in US stocks Flavio Tosti

The USD/JPY is trading at around 107.55 up 0.18% as bulls made an attempt to break above April 13 high in the late European session. The yen is stronger across the board on Friday. It is higher against the euro, the British pound, the Canadian dollar, the Australian dollar, the New Zealand dollar and the Swiss franc. However, the US dollar also benefitted from strong renewed enthusiasm in the week...

20:46 20 April /2018 Forex

EUR/USD below 1.2300 handle, remains under pressure Flavio Tosti

The EUR/USD is trading at around 1.2275 down 0.58% on Friday’s trading as the European forex session is slowly coming to an end. The spot just saw profit taking in the 1.2250 region with a 30-pip rebound but the momentum remains tilted to the downside. One side finally capitulated in what was a tug of war in the last 3 days where the single currency traded in a tight range between the 1.2350 and 1...

18:23 20 April /2018 Forex

WTI drops to session lows near $67.50 ahead of rig count Pablo Piovano

Prices of the barrel of the West Texas Intermediate are prolonging the correction from recent tops and are challenging the area of 2-day lows in the mid-$67.00s.WTI looks to rig countPrices of the barrel of the American benchmark for the sweet light crude oil have given away initial gains and returned to the neg...

17:46 20 April /2018 Forex

US Dollar pushes higher above 90.00 Pablo Piovano

The greenback, in terms of the US Dollar Index (DXY), accelerates the upside today and is already trading in fresh multi-day tops beyond the 2.93% level, area last seen in February.US Dollar follows higher yields, risk-onThe greenback is clinching its fourth consecutive session with...

16:46 20 April /2018 Forex

Bitcoin price analysis: BTC/USD makes a breakout of bullish pennant pattern; $8,500 resistance is a very key area to be tested Ken Chigbo

 The Bitcoin price is seen up with a modest 0.5% of gains on Friday, after the previous session saw BTC/USD making a break and close above the bullish pennant pattern, as seen on the daily time frame, indicating further upside ahead.Since the change in short-term trend which triggered last Wednesday, 11th April, BTC/USD has gained aro...

16:00 20 April /2018 Forex

Bitcoin price analysis: BTC/USD breaches $8,500: Another bullish flag pattern could test $8,600 John Isige

Bitcoin price has just broken above the short-term resistance level at $8,400. Moreover, the upside roll has also broken above $8,500. A continued bullish momentum could test $8,600 as BTC/USD retraces upwards towards the coveted $8,900.The upside correction was initiated at ...

15:46 20 April /2018 Forex

USD/JPY creeps higher, upside faltered near 107.70 Pablo Piovano

USD/JPY keeps the weekly march north unabated so far on Friday, now sidelined in the upper end of the range in the 107.70/80 band.USD/JPY looks to US money marketsThe pair is up for the third session in a row so far today, although the bullish move seems to have run out of steam in the boundaries of the 107...

14:46 20 April /2018 Forex

ECB: Patience is a virtue – Nordea Markets Sandeep Kanihama

Jan von Gerich, Global Fixed Income Strategist for Nordea, suggests that they expect an unchanged forward guidance from ECB next week as they think in the current environment, the ECB will want to postpone decisions on the future of its asset purchases for as long as possible. The balance of risks in markets is tilted towards a dovish surprise, he further adds.Key Quotes“There hav...

14:00 20 April /2018 Forex

WTI catches bid above $ 68 mark ahead of US drilling report Dhwani Mehta

WTI (oil futures on NYMEX) fluctuated between gains and losses so far this Friday, now seen breaking higher from the narrow trading range just ahead of the $ 68 mark.The black gold found support once again just below the 68 handle, as upbeat remarks from the OPEC and non OPEC countries’ 13:23 20 April /2018 Forex

Bitcoin price analysis: BTC/USD moves above $8,300 amid growing buying pressure Tanya Abrosimova

Bitcoin cautiously climbed out of the range to trade marginally below $8,400 amid positive momentum on cryptocurrency markets. The coin is moving within an upside trend on intraday charts with $8,400 serving as the key barrier to be taken out before BTC can proceed higher. While global regulators often justify their aggressive approach toward...

13:23 20 April /2018 Forex

UAE OilMin Al Mazrouei: must include further countries in OPEC, non-OPEC pact Dhwani Mehta

The Handelsblatt, a German newspaper, quoted the UAE oil minister Suhail Mohamed Al Mazrouei as saying that more oil producing nations should join the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC production cuts deal.Al Mazrouei noted: “OPEC members and non-OPEC producers over-delivered on the supply cut...

12:23 20 April /2018 Forex

USD/JPY finds bids near 107.50 as Treasury yields regain poise Dhwani Mehta

The USD/JPY pair caught a fresh bid-wave in tandem with Treasury yields across the time horizon, now pushing the rates back towards two-month tops of 107.73.10-year Treasury yields reversed a dip to 2.904 percent and turned positive to head back towards four-week tops of 2.934 percent while 2-year Treasury yields also...

12:23 20 April /2018 Forex

EUR/USD drops further, challenges 1.2300 Pablo Piovano

The single currency is seeing its downside intensified at the end of the week and is dragging EUR/USD to test the key support in the 1.2300 neighbourhood.EUR/USD lower on USD-buyingSpot has accelerated the weekly leg lower and is now navigating multi-day lows in the vicinity of the ley support at 1.2300 the ...

12:23 20 April /2018 Forex

Russia’s Novak: premature to talk about cooperation format with OPEC post-2018 Dhwani Mehta

The Russian Energy Minister Novak was on the wires last hour, via Reuters, noting that it is premature to talk about the cooperation format with the OPEC post-2018.Novak added that the OPEC and non-OPEC producers may ease output reductions as early as 2018.

10:46 20 April /2018 Forex

USD/JPY seen sidelined so far – UOB Pablo Piovano

FX Strategists at UOB Group believe the pair is poised to extend the consolidation in the next weeks.Key Quotes24-hour view: “The solid resistance indicated at 107.75 yesterday did not come into the picture as USD traded mostly sideways after touching a high of 107.51. The undertone still appears to be po...

10:23 20 April /2018 Forex

Global oil demand growth to remain strong this year – Goldman Sachs Dhwani Mehta

In its latest client note, analysts at Goldman Sachs delivered their optimistic expectations on the global oil demand growth for this year.Key Quotes:“We believe that the combination of strong developed markets momentum and accelerating emerging markets growth...

10:00 20 April /2018 Forex

EUR futures: extra gains unlikely Pablo Piovano

In light of preliminary figures for EUR futures markets, traders scaled back their open interest positions by almost 2.3K contracts on Thursday vs. Wednesday’s final 510,744 contracts. In the same direction, volume rose by around 22.4K contracts.EUR/USD still in consolidative mode09:46 20 April /2018 Forex