Archive for Financial News

This week in monetary policy: Israel, Kenya, Kyrgyzstan, Angola, Bulgaria, Brazil and Dominican Rep.

By CentralBankNews.info     This week (May 28 through June 3) central banks from 7 countries or jurisdictions are scheduled to decide on monetary policy: Israel, Kenya, Kyrgyz Republic, Angola, Bulgaria, Brazil and Dominican Republic.     Following table includes the name of the country, the date of the next policy decision, the current policy rate, […]

WTI Crude Oil Speculators boosted their bullish net positions last week

By CountingPips.com – Get our weekly COT Reports by Email WTI Crude Oil Non-Commercial Positions: Large speculators sharply raised their bullish net positions in the WTI crude oil futures markets last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial contracts of WTI […]

Gold Speculators sharply raised bullish net positions after 3 down weeks

By CountingPips.com – Get our weekly COT Reports by Email Gold Non-Commercial Positions: Large speculators boosted their bullish net positions in the gold futures markets last week following three weeks of substantial declines, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts […]

10 Year Treasury Note Speculators continued to sharply increase bets last week

By CountingPips.com – Get our weekly COT Reports by Email 10 Year Treasury Note Non-Commercial Positions: Large speculators sharply increased their net positions in the 10-year treasury note futures markets last week for a third consecutive week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. […]

Copper Speculators added to bullish net positions for 2nd week

By CountingPips.com – Get our weekly COT Reports by Email Copper Non-Commercial Positions: Large speculators increased their net bullish positions in the copper futures markets last week for the second straight week bringing the net position to a three-week high, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading […]

Large S&P500 Speculators trimmed positions for 3rd out of last 4 weeks

By CountingPips.com – Get our weekly COT Reports by Email S&P500 Non-Commercial Positions: Large speculators and traders decreased their bets in the S&P500 stock futures markets last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts of S&P500 futures, traded by […]

Silver Speculators raised bullish net positions for 1st time in 6 weeks

By CountingPips.com – Get our weekly COT Reports by Email Silver Non-Commercial Positions: Large speculative positions in silver futures rebounded last week following five consecutive weeks of declines, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts of Comex silver futures, traded […]

Oil bears inspired by OPEC disappointment

Article by ForexTime A strong sense of disappointment had a punishing effect on oil markets on Thursday with prices tumbling 5% after OPEC underwhelmed participants by renewing an agreement to cap output by 1.8 million barrels a day until March 2018. With the resurgence of U.S Shale obstructing OPEC’s efforts to quell the oversupply woes […]

Fiji maintains rate as 2017 growth forecast revised up

By CentralBankNews.info     Fiji’s central bank kept its Overnight Policy Rate (OPR) at 0.50 percent – unchanged since October 2011 – and confirmed last week’s upward revision of its 2017 growth forecast to 3.8 percent from October 2016’s forecast of 3.6 percent.     The Reserve Bank of Fiji also said its dual monetary policy […]

USD/JPY: Fall below 111.00 revives the bearish outlook

By GrowthAces.com Macroeconomic overview: St. Louis Federal Reserve President James Bullard said the current level of U.S. prices is noticeably lower than what it would be if the Federal Reserve had delivered on its 2% inflation target. The U.S. central banker said U.S. prices are now 4.6% below the price level path established from 1995 […]

AUDUSD: Forex Technical Analysis – Improving global growth lifts Australian dollar

By IFCMarkets Improving global growth lifts Australian dollar The Reserve Bank of Australia held its policy unchanged at May policy meeting. The Australian dollar is rising after positive recent data. Will the Australian dollar continue strengthening? The Reserve Bank of Australia (RBA) held the interest rate at 1.5% at its May 2 policy meeting. RBA […]

EURUSD: price trading in the middle of a narrowing range

By Gabriel Ojimadu, Alpari Previous: Trading on the Euro on Thursday closed down. The price continued to trade within a daily range of 1.1160 to 1.1270. The pair fell to 1.1194. Buyers didn’t allow sellers to push the price down any further as they received some support during the US session from the EUR/GBP cross. The […]

GBP/USD Bearish Divergence Could Bring the Pair Lower

By Admiral Markets The GBP/USD is still in uptrend on 4h but it is showing a bearish diveregence that could tank the price lower. 1.2830 is support and if the support breaks, the pair could head towards 1.2785. In case of retracement, we might see 1.2900-1.2915 the POC zone (inner trend line, ATR pivot, W4, […]

Ukraine cuts rate another 50 bps and sees further easing

By CentralBankNews.info     Ukraine’s central bank cut its policy rate by a further 50 basis points to 12.50 percent and said it may continue easing its monetary policy, with the speed and size of further rate cuts based on how fast inflation falls towards the bank’s target this year and in 2018.     The […]

NZDUSD: Forex Technical Analysis – New Zealand dollar strengthens on positive economic data

By IFCMarkets New Zealand dollar strengthens on positive economic data The New Zealand dollar is rising since mid-May, and widening trade surplus in April was the last piece of positive news among recent economic data. Will the New Zealand dollar continue strengthening? New Zealand’s trade surplus widened in April from a year earlier. The bigger-than-expected […]

EURUSD: FOMC minutes bring buyers back to the market

By Gabriel Ojimadu, Alpari Previous: On Wednesday, the Euro closed up. A weakening of the dollar came after the publication of the FOMC’s minutes. They show that almost all FOMC members are in agreement over a plan to gradually reduce the central bank’s balance sheet over the course of the year. They also came to the […]