Archive for Financial News – Page 2

Saudi Arabia deal as Trump visits Middle East buoys US market

By IFCMarkets SP 500 advance three sessions in row US stocks advanced on Monday third session in a row led by technology stocks. The dollar weakened slightly : the live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, slipped 0.15% to […]

Greek debt negotiations cause EUR volatility

Article by ForexTime It could be a return to instability if the Greek issues rear there ugly head again. Recent reports out of Brussels over the Greeks and their handling of debt has been slightly worrisome, and markets are a little on edge over the discussions. Currently Greece needs another tranche in June in order […]

GBPNZD: Forex Technical Analysis – Important data will come out on Thursday

By IFCMarkets Important data will come out on Thursday In this review, we will consider the dynamics of GBPNZD currency pair. Its rate may decrease in case of the weakening of the British pound and strengthening of the New Zealand dollar. As it can be seen from the chart, there has been a reverse trend […]

EURUSD breaks above 1.1200

Article by ForexTime An absence of political risk in Europe has rekindled the appetite for the Euro with prices marching to a fresh six-month high, above 1.1200 as of writing. With Emmanuel Macron’s victory in the French election dealing a sharp blow to populism and quelling “Frexit” fears, investors have redirected their attention back towards […]

Ghana cuts rate another 100 bps, inflation seen easing

By CentralBankNews.info     Ghana’s central bank cut its Monetary Policy Rate (MPR) by another 100 basis points to 22.50 percent as inflation and inflation expectations are trending downwards and said it would take “necessary policy action to move headline inflation towards the medium term target.”     The Bank of Ghana (BOG) has now cut […]

EUR/USD: quotes expected to recede towards the trend line

By Gabriel Ojimadu, Alpari Previous: After trading on Friday, the Euro closed with some nice growth against the greenback. The price consolidated within a narrow range around 1.1108 during the Asian session. As trading opened in Europe, the rally continued. By the time of the US session, Euro-bulls had returned the rate to 1.1172. New York […]

AUDUSD’s rise from 0.7328 extended to as high as 0.7469

AUDUSD’s rise from 0.7328 extended to as high as 0.7469. The pair is facing the resistance of the descending trend line on 4-hour chart. As long as the trend line resistance holds, the rise could be treated as consolidation of the downtrend from the March 21 high of 0.7749, and another fall could be expected […]

An explosive data-packed week lies ahead

Article by ForexTime Asian equities roared back to life during early trading on Monday after oil’s sharp appreciation boosted global sentiment and rekindled risk appetite. European shares were mostly mixed as investors attempted to look beyond the political turmoil in Washington to focus on the macro-fundamentals in Europe. With concerns regarding Donald Trump’s presidency slightly […]

EUR/USD Confluence At Daily L3 Camarilla Pivot

By Admiral Markets The EUR/USD broke above 1.1200 level on Friday and it is normal that we are seeing the retracement at this point. Remember, always mark yesterday’s high & low. Those were the definitive points where buyers or sellers came in the day before. Usually we see a retest of those points. Because the […]

EUR/USD 38.2% Fib, USD/JPY Triangle

By Admiral Markets The EUR/USD is showing divergence which could cause a bearish reversal or retracement. Chris is waiting for a candlestick reaction at 1.11 or 1.1175 to see if price can reach the resistance 1.1250 first before a turn around occurs. The USD/JPY is also showing an interesting setup as support and resistance trend […]

Your Weekly Fundamental View (May 22-26)

By Admiral Markets Need to Know The main focus of the trading week is on the FOMC (Federal Open Market Committee) meeting minutes which are released on Wednesday and the Canadian interest rate decision which takes place on Thursday. Coming Up British PM, Theresa May, Speaks on Monday, 22 May. Theresa May, the Prime Minister […]

Egypt raises rate 200 bps on growing risks to inflation

By CentralBankNews.info     Egypt’s central bank raised its key policy rates by 200 basis points to 16.75 percent, surprising financial markets and investors, and said it “will not hesitate to adjust its stance to offset anticipated upside or downside deviations from the inflation target.”     The Central Bank of Egypt (CBE) has now raised […]

Gold Speculators sharply cut their bullish net positions for 3rd week

By CountingPips.com – Get our weekly COT Reports by Email Gold Non-Commercial Positions: Large speculators continued to sharply cut back on their bullish net positions in the gold futures markets for a third straight week and brought the overall level to the lowest standing in eight weeks, according to the latest Commitment of Traders (COT) data […]

WTI Crude Oil Speculator net positions were virtually unchanged last week

By CountingPips.com – Get our weekly COT Reports by Email WTI Crude Oil Non-Commercial Positions: Large speculators and traders barely edged their net positions higher 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 […]

10 Year Treasury Note Speculators raised bullish net positions for 2nd week

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

S&P500 Speculators trimmed their bearish net positions last week

By CountingPips.com – Get our weekly COT Reports by Email S&P500 Non-Commercial Positions: Large speculators slightly pared their bearish net positions 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 […]