Archive for Financial News

Uganda maintains rate on subdued outlook for inflation

By       Uganda’s central bank left its Central Bank Rate (CBR) at 9.5 percent, saying the near-term outlook for inflation remains subdued while economic growth is expected to expand at a solid pace, boosted by public investments, growth in consumption and monetary stimulus.     The Bank of Uganda (BOU) has cut its […]

Botswana holds rate, subdued demand checks inflation

By       Botswana’s central bank kept its benchmark Bank Rate at 5.0 percent, citing a positive outlook for price stability due to “subdued domestic demand pressures and the modest increase in foreign prices.”      The Bank of Botswana (BB), which in October cut its rate by 50 basis points on decelerating […]

Gold ticks higher on softer Dollar; Bitcoin eyes $20k

Article by ForexTime Gold appreciated during Monday’s trading session, with prices challenging $1260 as market uncertainty over U.S tax reforms softened the Dollar. Investors are adopting a cautious approach ahead of a vote in Congress on tax reforms, a sentiment that could support Gold. Taking a look at the technical picture, the yellow metal still […]

XAUOIL Gold/Oil Ratio: Technical Analysis – Oil production increases in the US

By IFCMarkets Oil production increases in the US Oil quotes may correct down amid the production growth in the US. Gold prices are increasing from a 5-month low. Will the XAUOIL quotes rise? The International Energy Agency (IEA) raised the forecast for oil production increase in the US in 2018 from 790,000 to 870,000 barrels […]

Fibonacci Retracements Analysis 18.12.2017 (GOLD, USD/CHF)

Article By XAU USD, “Gold vs US Dollar” At the H4 chart, after the convergence and reaching the post-correctional extension area between the retracements of 138.2% and 161.8%, the XAU/USD pair started a new correction to the upside, which has already reached the retracement of 38.2%. The next upside targets maybe the retracements of […]

USD/JPY strategy – stay short for 110.30

By USD/JPY: BOJ to keep on stimulus to support inflation Macroeconomic overview: At a two-day meeting ending on Thursday, the BOJ is widely expected to keep its short-term interest rate target at minus 0.10% and a pledge to guide 10-year bond yields around zero percent. But the board may discuss whether the BOJ should consider […]

Forex Technical Analysis & Forecast 18.12.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

Article By EUR USD, “Euro vs US Dollar” The EUR/USD pair is forming another descending wave towards 1.1687. We think, today the price may grow to reach 1.1773 and then resume falling towards the above-mentioned target. Later, in our opinion, the market may start another correction with the target at 1.1800.   GBP USD, […]

Weekly Forex Overview: EUR/USD, GBP/USD Bullish Reversals

By Admiral Markets The EUR/USD is expected to show a bullish bounce as it approaches multiple support zones. There is also a bullish breakout opportunity once price breaks above resistance. The GBP/USD is in a similar spot but also offers bearish breakout potential if price manages to break below the S1 weekly pivot point. Ultimately […]

GBP/USD is Bearish Below W H4 Camarilla Pivot

By Admiral Markets The GBP/USD has been sold on rallies recently as the Brexit talks continue to weight on the pound. Technically the pair has reached the POC zone and it could proceed dropping from it. 1.3365-89 is the POC zone ( W H3, EMA89, order block, 61.8 and ideally the pair should stay below […]

Hopes of early Christmas gift keeps markets elevated

Article by ForexTime Asian equities were mostly higher on Monday after Wall Street closed on record highs last Friday the U.S. Congress seemed very close to passing a final bill that will reduce corporate taxes from 35% to 21%. The House and Senate are expected to vote on the bill by mid-week, before it goes […]

US stocks rally on tax bill passage hopes

By IFCMarkets Dow logs another record US stock indices ended at record highs on Friday as Republican lawmakers inched closer to tax bill passage after agreement to expand the child tax credit. The dollar strengthening continued as capacity utilization hit a 2.5-year high at 77.1% for November. The live dollar index data show the ICE US Dollar index, […]

Dollar maintains gains. Vote on tax cuts due on Tuesday

By Orbex Blog Daily Forex Market Preview, 18/12/2017 The U.S. dollar closed on Friday with some gains although there were no major economic releases scheduled. The U.S. House is expected to vote on the tax bill on Tuesday which will potentially bring out the much anticipated tax cut proposals. The deal is expected to lift […]

This week in monetary policy: Fiji, Botswana, Uganda, Hungary, Morocco, Thailand, Mongolia, Sweden, Albania, Mozambique, Japan, Taiwan, Czech Rep., Tajikistan, Paraguay & Angola

By     This week (December 17 through December 23) central banks from 16 countries or jurisdictions are scheduled to decide on monetary policy: Fiji, Botswana, Uganda, Hungary, Morocco, Thailand, Mongolia, Sweden, Albania, Mozambique, Japan, Taiwan, Czech Republic, Tajikistan, Paraguay and Angola.     Following table includes the name of the country, the date of […]

WTI Crude Oil Speculators continued to edge record bullish position higher

By – Receive our weekly COT Reports by Email WTI Crude Oil Non-Commercial Speculator Positions: Large energy speculators continued to increase their record high net bullish positions in the WTI Crude Oil futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on […]

10-Year Note Speculators bullish net positions rebounded this week

By – Receive our weekly COT Reports by Email 10-Year Note Non-Commercial Speculator Positions: Large treasury speculators increased their bullish net positions in the 10-Year Note futures markets this week following a sharp decline the previous week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) […]

Gold Speculators drop their bullish bets to lowest in about 5 months

By – Receive our weekly COT Reports by Email Gold Non-Commercial Speculator Positions: Large precious metals speculators cut back on their bullish net positions in the Gold futures markets again this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures […]