HYCM - Forex Market Reviews - Page 2

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EUR/GBP hits fresh highs

The British Pound faded UK manufacturing PMI-led minor up-tick, lifting the EUR/GBP cross to fresh highs since mid-March...

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Oil sees a flash crash

Oil prices on both sides of the Atlantic witnessed a sharp downward spike, following comments from oil ministers of leading OPEC producers...

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Euro under moderate pressure

The research team at Lloyds Bank explains that the euro, along with the pound, has outperformed over the past month...

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Gold hanging near 3-week lows

Gold oscillated in a narrow trading band, with slight negative bias, and was seen consolidating...

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US Dollar finds buyers around 100.20

The greenback, measured by the US Dollar Index, stays under...

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Gold consolidates near $1,260/oz

The ounce troy of the precious metal has reverted yesterday’s pullback and is now trading near session tops around $1,260...


Oil sits at multi-month troughs

Oil benchmarks on both sides of the Atlantic snapped a minor-bounce and traded modestly flat ahead of the European open, as investors remain wary heading towards the inventory report due to be published by the API later on the day...

Gold holding stable around $1318

After dipping to $1315 region, Gold has managed to recover the lost ground and is currently trading nearly unchanged around $1318 level, awaiting for fresh impetus from FOMC monetary policy decision...

Gold inching higher to reclaim $1300 level

Risk-off sentiment across global financial markets and broader USD weakness continues to boost demand for Gold, which has now moved within striking distance of reclaiming $1300 level for the first time since Jan. 2015...

Gold regains poise, set to test $ 1250

The bullion ran through fresh bids during the European session, now pushing further towards $ 1250 mark as we head closer towards the Fed interest rate decision...

Gold stays below $1200 in Europe, risk-on weighs

Gold prices recovered off lows, but stay below USD 1200 mark in Europe as the major European equity futures point to risk-on action after opening bell...

The Economic Week Ahead - January 18 - 22, 2016

United States: After the holiday break today (Martin Luther King, Jr. Day), the U.S. economic calendar may offer only limited last-minute insight for the Fed ahead of its policy decision the following week...


What is in store for global financial markets

Research Team at Goldman Sachs, expects global GDP growth to edge up from 3.1% in 2015 to 3.5% in 2016, although the improvement largely reflects stabilization in some of the hardest-hit EM economies...

Major FX rates drifting sideways heading into yearend as crude oil plunges

Emerging market currencies have continued to underperform so far this month. Renewed weakness in the Russian rouble has been most notable so far this week lifting USD/RUB to its highest level since the same period of last year...

A glance at overnight markets

After rallying last week, oil prices are off 2%, base and precious metals lower. No end to the political uncertainty in Spain, but Spanish 10-year bonds are matching regional performance...

Yen strength as the Tokyo policy influence fades

Research Team at MUFG, suggests that the lack of further upside for USD/JPY this year even as short-term US yields moved higher in anticipation of the first rate hike that finally arrived this week is an indication that the dynamics in the yen market are changing...

Optimism vanishes from the FTSE

Indices have failed to win back any of the ground lost yesterday, as the higher open for the FTSE 100 this morning gave way to a fresh bout of losses. Chinese CPI was one of the chief culprits, with the FTSE underperformance today versus other European indices once again due to the mining sector...

European indices expected to open higher

European stocks are expected to open on a positive note on Friday, that will be a calm session in terms of economic news, with traders waiting for the upcoming Fed meeting...


SNB forex reserves rose to record highs in August

The Swiss National Bank's (SNB) foreign-currency holdings rose 1.7% to a record high in August, according to fresh data published on the central bank's website on Monday...

European indices submerged in the red, NFP

Stocks on the European indices open on a bearish note and fell further into losses during the European morning hours as traders moved past the ECB event as focus shifts back to the much awaited US labour market report...

USD expected to remain bid

Global markets stabilised late last week on better US data and expectations that global policymakers eventually will provide some support for markets. The USD has fallen against safe-haven currencies such as EUR, JPY and CHF in recent weeks...


GBP continues to be well supported

The GDP data were a mixed bag, details less impressive than the headline, but the pace of rate hikes implied by the front end of the UK curve is slower than in the US and has room to adjust, providing support for sterling as long as we don't talk about the balance of payments, or Brexit...

Gold trades above USD 1100/Oz

The sell-off in the USD during the European session pushed the Gold prices to a session high of USD 1105.93/Oz levels, although the offers made sure the metal fell back to USD 1100/Oz...

Greece unlikely to make the IMF repayment today

An unnamed Greek official has stated that government will not make the EUR1.6 billion repayment due to the IMF today. The credit rating agencies have already reported that a missed payment to the IMF today would not constitute a formal default as it is an official entity...


EUR more focused on spreads than Greece

Kit Juckes, Strategist at Societe Generale, argues that the current Bund-Treasuries spread could be the main driver of the pair...

Greek continues to weigh on the euro

Allan von Mehren, Senior Analyst at Danske Bank, sees the Greek drama still being the main drag for the single currency, while he expects spot to grind lower...

Gold hits fresh 2-week highs at $ 1197.50

Gold prices on Comex extends its bullish momentum from Asia and climbs more than 1.5% in the European session, after the US dollar extends its broad based sell-off following FOMC’s dovish statement which stated that the rate hike timing will be dependent on the strength of the upcoming US macro data...


June FOMC Meeting: Yellen to stress on data dependence

Previewing the key June FOMC Meeting, Research Analysts at Nomura expect Yellen to stress on data dependent nature of the Fed and suggest a gradual pace of tightening ahead...

EUR/USD rises to 1.1258, Bundesbank chief comments ignored

The spot currently trades at 1.1240. The immediate resistance is seen at 1.1293, above which the pair could target 1.1330. On the flip side, a break below 1.1229 could see the pair re-test the Asian session low of 1.1188...

Oil falls after Saudi indicates increase in supply if required

Oil prices at both the sides of the Atlantic retreated after Saudi Arabia said it was ready to raise output further if needed. Front month Brent crude fell 29 cents or 0.45% to USD 64.80/barrel., while WTI crude fell 57 cents or 0.93% to trade at USD 60.20/barrel...


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Trump tariff threats blunt risk appetite

Asian stocks erased Monday's gains following the selloff in US equities overnight, as US President Donald Trump appeared to have launched...

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Australian Stocks Fall After RBA Decision

The Australian dollar rose sharply after the RBA delivered its interest rates decision. The bank left interest rates unchanged at 0.75%...

Forex leverage: a double-edged sword

Leverage is the ratio of your deposit to the lot you work with. In other words, those having a deposit of $ 100 can make a deal with a lot of 10,000...

Pros and cons of using standard MT4 indicators

MT4 is considered the most popular platform among forex traders. Its success can be explained by at least 2 reasons...