EUR/USD: Traders Remain Net-Long Despite a Mixed Bias
The combination of current sentiment and recent changes gives us a further mixed EURUSD trading bias.
News
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Gold Sentiment Gives a Strong Bearish Bias
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Spot Gold-bearish contrarian trading bias.
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Nikkei 225 Technical Analysis: Key Support Holds Firm Again
The Nikkei 225 has staged a modest bounce-back this week, and in so doing highlighted the importance of a key medium-term prop
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Gold & Silver Price Analysis – Working Towards Resistance
Precious metals have been gradually on the move higher, but another little push will have resistance in focus for both gold and silver.
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XE Market Analysis: Don't Count PM May Out Yet Despite Vote of Non-Confidence from Opponents
OVERVIEW UK PM May vows to resist being pushed from Parliament and has the support of at least 158 of her Conservative party allies US crude oil and gasoline inventories exceed 5-year averages. Gold crept up to $1,245.29 per ounce, as US CPI slides to 0.0 and Core CPI dropped to 0.2 percent HIGHLIGHT
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XE Market Analysis: Asia – Dec 12, 2018
The Dollar eased some in N.Y. trade on Wednesday, taking the DXY to 96.90 lows from overnight highs of 97.49. A benign U.S. CPI print weighed some on the Greenback, as did the return of risk-on conditions following reports of progress in the U.S./China trade war. EUR-USD topped at 1.1387 before edging back under 1.1360, […]
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XE Market Analysis: Europe – Dec 13, 2018
A risk-on theme has been coursing through forex markets, concomitantly with rallying global equity markets, which has seen the Dollar bloc currencies rise and the Yen decline. The biggest mover out of the main Dollar pairings and associated cross rates has been AUD-JPY, which is showing a 0.4% gain heading into the London interbank open. […]
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XE Market Analysis: North America – Dec 13, 2018
The Dollar has been trading mixed-to-firmer, losing a little ground to the Euro and the Pound, both of which settled after falling sharply over the last day, while gaining versus the Yen and other currencies. Both the Euro the Pound remain heavy overall as political uncertain envelopes sentiment, with French President Macron facing a parliamentary […]
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Malaysia to retain and prop up Sedition Act, says PM
KUALA LUMPUR (Nov 27): Malaysian Prime Minister Najib Razak on Thursday bolstered a law protecting the sanctity of Islam and the country’s traditional rulers, the…
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Motor racing-Singapore secure, no Interlagos purchase – Ecclestone
SOCHI, Russia (May 1): Formula One will not miss the Malaysian Grand Prix when it drops off the calendar after this year’s race because neighbouring…
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OPEC discusses oil cut after Saudis say they won't shock market
LONDON/CAIRO (Dec 6): OPEC ministers discussed cutting their oil output by about 1 million barrels a day, a proposal that would go a little further…
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Japanese Yen Technical Analysis: USD/JPY Range Looks Safe Enough
The Japanese Yen is stuck in a wide trading range against the US Dollar which seems to enjoy quite strong base support. The same can’t be said for poor GBP/JPY however.
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USD/SGD Prices Eye Reversal Pattern. False Breakouts in MYR, IDR?
The Malaysian Ringgit and Indonesian Rupiah might have had false breakouts against the US Dollar. Meanwhile, the Singapore Dollar is overshadowed by a bullish reversal pattern.