Search Results for: traders
Technical Analysis USD/CHF jumps higher
July 17th, 2014
Technical Analysis USD/CHF 17/07/2014 Pair’s Outlook As there was no opposition from the 55-day SMA and weekly R1, the U.S. Dollar continued to gain ground. But further advancement is expected to be more difficult, considering that there is the ...
Technical Analysis USD/JPY stumbled over monthly PP
July 17th, 2014
Technical Analysis USD/JPY 17/07/2014 Pair’s Outlook Despite USD/JPY closing above 101.61/54 yesterday, the resistance represented by the 55-day SMA and monthly PP appears to be unwilling to let the price to advance further. And while the near-term technical indicators ...
Technical Analysis EUR/USD targets 1.35
July 17th, 2014
Technical Analysis EUR/USD for 17/07/2014 Pair’s Outlook As it turned out, EUR/USD did not find enough demand at 1.3568/63, meaning the sell-off should now extend at least down to 1.35—the major support level at the moment. From there the ...
Technical Analysis GBP/USD wallows beneath 1.72
July 17th, 2014
Technical Analysis GBP/USD 17/07/2014 Pair’s Outlook Although at the beginning of the week it seemed that GBP/USD has finally received a strong upward impetus after a test of the 2009 peak, the pair remains unable to surpass this month’s ...
U.S. sanctions set to slow Rosneft’s dollar debt, not oil deals
July 17th, 2014
President Barack Obama aimed a direct blow at Russia’s economic heart on Wednesday with sanctions on Rosneft, the flagship oil giant that generates more than 4 percent of the world’s crude and over 8 percent of the country’s GDP. ...
FX Benchmark Overhaul
July 16th, 2014
Global regulators published details of their plans to overhaul foreign-exchange benchmarks in response to allegations that traders colluded to manipulate rates in the $5.3 trillion-a-day currency market. The Financial Stability Board proposed changes to the way the WM/Reuters rates ...
Gold, silver extend losses on weak global cues
July 16th, 2014
Gold dropped for the second day with prices falling further by Rs 120 to Rs 28,330 per ten gram in the national capital today, tracking a weak trend overseas amid slackened demand. Silver also lost Rs 350 to Rs ...
Bank of China Hires in Hong Kong as High-Yield Bond Trade Starts
July 16th, 2014
Bank of China Ltd. is hiring traders and sales people in Hong Kong as it sets up a high-yield bond-trading platform to boost market share and cement its position as one of Asia’s top 10 debt underwriters. Surging sales ...
Asia stocks manage muted cheer for China growth
July 16th, 2014
Asian stocks held stubbornly steady on Wednesday after China reported economic growth that was just ahead of market expectations, enough to prompt a sigh of relief from investors, but little else. China’s economy expanded by 2.0 percent in the ...
Technical Analysis EUR/USD tests two-year up-trend
July 16th, 2014
Technical Analysis EUR/USD for 16/07/2014 Pair’s Outlook As suspected, EUR/USD failed to cross the resistance represented by the monthly PP, down-trend and 55-day SMA. As a result, the currency pair is now testing the support at 1.3568/54, created by ...
