Search Results for: currency market
USD/JPY feels support from 102.20
April 25th, 2014
Pair’s Outlook As it turns out, the support at 102.20, consisting of the weekly PP and 38.2% Fibonacci retracement of the November-December advancement, should be enough to keep the pair afloat. Once USD/JPY stabilises, it will be expected to ...
EUR/USD heads towards 1.39
April 25th, 2014
Pair’s Outlook With certain difficulties, but EUR/USD seems to have finally overcome the monthly pivot point. Accordingly, there is a good chance that the upward momentum will persist until the currency pair reaches the major falling trend-line at 1.39. ...
USD/CHF to cede ground
April 24th, 2014
Pair’s Outlook As the resistance at 0.8857 proved to be impenetrable, the bias towards USD/CHF is fairly negative. The currency pair could ultimately give up more than two figures to arrive at 0.86 (2011 lows) before regaining the upward ...
Europe Still Has a Mountain of Debt
April 24th, 2014
There was a time not so long ago when the vast majority of experts agreed that a country could not emerge decisively from a financial crisis unless it solved problems of both “stocks” and “flows” — that is, secured ...
USD/JPY bounced off 102.82/72
April 23rd, 2014
Pair’s Outlook The currency pair is currently retreating from the resistance zone consisting of the monthly PP and 100-day SMA. The immediate support is represented by the 20 and 55-day SMAs, but USD/JPY is likely to decline deeper, to ...
HKEx Launches First Asian Commodities Contracts
April 23rd, 2014
Hong Kong Exchanges and Clearing Limited (HKEx) has announced that it plans to launch its commodities business with four futures contracts that will be traded in its derivatives market in Hong Kong. HKEx aims to introduce the contracts – ...
Russian Companies Shrug Off US Sanctions – For Now
April 23rd, 2014
Soon after U.S. sanctions targeting members of President Vladimir Putin’s inner circle were announced last month, Olga Promptova, a Russian business owner, received a message from a German client who was worried about the delivery of her Russian-made clothing. ...
EUR/USD breaches 55-day SMA
April 22nd, 2014
Pair’s Outlook Despite a plethora of ‘buy’ signals provided by the technical indicators on all relevant time-frames, the 55-day SMA failed to remain intact. This fact jeopardises the short-term bullish outlook we were inclined to believe in yesterday. Now ...
Dollar Gains 7th Day as Economic Data Signal Growth
April 22nd, 2014
The dollar gained for a seventh day against a basket of peers, the longest streak in almost a year, as revised data in a Federal Reserve Bank of Chicago index signaled greater-than-forecast strength in the U.S. economy. The yen ...
High-Frequency Fight Starts in Foreign Exchange
April 17th, 2014
Foreign-exchange dealers say they have the solution to the high-frequency trades eroding banks’ profits across financial markets. A currency-dealing platform known as ParFX, established in 2011 by firms from Deutsche Bank AG to Citigroup Inc., was approached last month ...
