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NZD/USD stuck in a rut below 0.70 ahead of a thin Tuesday Joshua Gibson

The NZD/USD is flat heading into Asia trading, sticking close to 0.6930 after cycling near similar levels through Monday's action.The NZD slumped against the USD late last week, shrugging off the pair's recent technical correction after getting capped off by resistance near the 0.7050 level.It's a very thin week for the Kiwi on the economic cale...

03:23 19 June /2018 Forex

Wall Street recovers part of early losses, ends day modestly lower Eren Sengezer

Major equity indexes in the United States started the day on a negative note as concerns over the trade conflict between China and the United States forced Asian and European indices close the day in the negative territory.“If people thought this was really going to be a trade war, stocks would be down a lot more. The fact they’re down so little means that people think what the Trump administratio...

23:46 18 June /2018 Forex

AUD/USD heads for lowest close in a year Matías Salord

The AUD/USD pair resumed the decline during the American session and dropped to 0.7412, reaching the lowest level since May 9. Near the end of the session, it was hovering around the lows, headed toward the third daily loss in-a-row and to the lowest close in a year.Last Friday, AUD/USD broke below the 0.7450 area and today extended the de...

23:46 18 June /2018 Forex

USD/JPY: Japanese politics a downside risk factor - Danske Bank Matías Salord

Analysts  at Danske Bank, expect political uncertainty in Japan to rise and likely to weigh on the USD/JPY pair. Over the medium term, they see the pair in the range 110-115.Key Quotes:“Concerns about the Trum...

19:00 18 June /2018 Forex

USD/JPY holds weaker below mid-110.00s, Fedspeak eyed Haresh Menghani

   •  JPY benefits from reviving safe-haven demand amid escalating US-China trade tensions.
   •  Subdued USD demand/weaker US bond yields do little to lend any support ahead of Fedspeak.
The USD/JPY pair held on to its weaker tone through the early North-American session, albeit has managed to hold its neck few pips above Asia...

17:46 18 June /2018 Forex

EUR/USD eases from tops, back around 1.1600 Pablo Piovano

After climbing to session tops in the 1.1620 region earlier in the day, EUR/USD has now faded that spike and returned to the 1.1600 neighbourhood amidst some recovery in the greenback.EUR/USD looks to Fedspeak, focused on SintraSpot alternates gains with losses at the beginning of the week amidst an also err...

17:46 18 June /2018 Forex

US stocks tumble on escalating US-China trade tensions Haresh Menghani

Major US equity indices opened deep in the red, with the Dow Jones Industrial Average tracking a fifth straight session of losses amid escalating US-China trade tensions. The trade fights between the US and China heated up after the US President Donald Trump announced tariffs of 25% on $50 billion worth of Chinese imports. Bei...

17:00 18 June /2018 Forex

Bitcoin Technical Analysis: BTC/USD price action is stagnant, as it remains stuck within a demand zone, with bears continuing an attempted breakdown Ken Chigbo

 BTC/USD 30-minute chart Spot rate:                    6427.7Relative change:         -0.20%H...

17:00 18 June /2018 Forex

WTI bounces off lows near $63.50 Pablo Piovano

Prices of the barrel of the West Texas Intermediate are rebounding from the area of $63.50 at the beginning of the week, reclaiming already more than $2 to levels beyond the $65.00 mark.WTI looks to data, OPECAfter recording fresh 2-month lows in the vicinity of $63.50 in early trade, prices of the American ...

16:46 18 June /2018 Forex

Gold Technical Analysis: recovery attempts likely to get sold into Haresh Menghani

   •  Reviving safe-haven demand, led by escalating US-China trade tension, eased the bearish pressure and helped bounce off YTD lows.
   •  The commodity remains well below short/medium/longer-term moving averages and hence, any meaningful recovery might be seen as an opportunity to initiate fresh bearish positions. 
   •  A medium-term ascending trend-line, extending from Jan. 2...

15:00 18 June /2018 Forex

Bitcoin price analysis: BTC/USD engulfed in bear pressure, battered bulls yearn for a catalyst John Isige

Bitcoin price is on the verge of another downside breakout, besides it testing the short-term support level at $6,400. The price has been unable to break above the descending trendline. Moreover, both the 50 SMA and the longer term 100 SMA are offering resistance to the upside.After the price plummeted from trading above $7,000, it h...

15:00 18 June /2018 Forex

USD positions edged higher, EUR longs trimmed modestly - Rabobank Sandeep Kanihama

According to IMM net speculators’ positioning as at June 12, 2018, speculators’ USD positions edged higher to 4,663 in the week ending June 12 staying in positive territory for the fifth consecutive week ahead of crucial meetings held by the Fed and the ECB last week, notes the research team at Rabobank.Key QuotesWhile EUR longs have been trimmed only modestly fr...

15:00 18 June /2018 Forex

USD/JPY drops to lows near 110.40 ahead of Fedspeak Pablo Piovano

After climbing to the 110.90 on Friday, USD/JPY has sparked a correction lower to the current 110.40 area, all sustained by increasing US-China trade tensions.USD/JPY weaker on tradeSpot is losing some upside momentum as market participants continue ...

14:46 18 June /2018 Forex

Bitcoin price analysis: BTC/USD is sidelined; bears are getting ready for a new assault Tanya Abrosimova

BTC/USD is sitting in a narrow range, capped by $6,500 on the upside, down mostly unchanged since the beginning of the day. The digital coin No. 1 has recovered from $6,135 reached on June 13, but the upside momentum is fading away. Experts warn that this week may bring more pain to 13:00 18 June /2018 Forex

EUR/USD regains 1.1600 on USD-selling, Draghi eyed Pablo Piovano

After bottoming out around 1.1570 in early trade, EUR/USD managed to grab some attention and is now advancing to session highs beyond 1.1600 the figure.EUR/USD now looks to SintraThe pair has now reverted the initial negative momentum and managed to attract some buying interest following a brief test of lows...

13:00 18 June /2018 Forex

OPEC said to discuss oil output hike of 300k to 600k bpd - Bloomberg Dhwani Mehta

Bloomberg reports the latest headlines citing that the Organization of the Petroleum Exporting Countries’ (OPEC) is said to discuss an oil output hike of 300k to 600k barrels per day (bpd).Further headlines:OPEC members said to seek a compromise to overcome Iran dissent.Saudi Arabia and Russia said to work on making

12:00 18 June /2018 Forex

WTI looks to take on the recovery above $ 64, trade tensions weigh Dhwani Mehta

WTI (oil futures on NYMEX) stages a minor comeback from two-month lows reached at $ 63.41 in early Asia, as upbeat forecasts released by Goldman Sachs and Libyan news offer the much-needed support to the prices.11:48 18 June /2018 Forex

Gold hangs near 6-month lows, around $1280 level Haresh Menghani

   •  Escalating US-China trade tensions prompt some safe-haven buying.
   •  Persistent USD buying keeps a lid on any meaningful up-move.
Gold struggled to register any meaningful recovery and remained within striking distance of near six-month lows set on Friday.The ongoing ...

11:48 18 June /2018 Forex

EUR/USD focused on Sintra near term – Danske Bank Pablo Piovano

Analyst at Danske Bank Aila Mihr highlighted the relevance of the Sintra event for the pair ahead in the week.Key QuotesEUR/USD is consolidating around the 1.16 level following last week’s significant drop on the ECB’s dovish rate guidance”.“Focus this week will be on whether the ECB’s Sintra gathering – wh...

11:23 18 June /2018 Forex

USD/JPY recovers a major part of its early fall, back above mid-110.00s Haresh Menghani

   •  Escalating US-China trade tensions prompt some fresh selling on Monday.
   •  Hawkish Fed underpinning the USD and helps limit deeper losses.
The USD/JPY pair has managed to reverse majority of its early slide and is now headed towards the top end of its daily trading range.The pair came under some renewed selling pressur...

10:23 18 June /2018 Forex