May 16, 2014
The gold has reacting bearish against USD after yesterdays’s higher than expected US Core CPI (Consumer Price Index) and lower number of Continues Jobless Claims data. It has dropped down to support level of 1290.88, and remained just under 1298 level. Since it has clearly break through the support line as shown in 4 hourly chart… View Article
May 15, 2014
· US CPI headline fell in line for April, coming in at 0.3% MoM. Core prices however were slightly firmer, coming in at 0.2% versus 0.1%. · Initial claims fell to 297k, well below 320k consensus. · Empire manufacturing sprung higher from 1.29 to 19.01 versus 6.0 consensus. It was supposed to be good for the USD and… View Article
May 15, 2014
Good day, Here is a brief for the US Open: EURUSD has broken through the key level of 1.37 and out of the range it was trading in. It seems that it worked for ECB to talk the euro down. Here are the comments: – ECB’S CONSTANCIO – WE ARE DETERMINED TO ACT SWIFTLY IF REQUIRED… View Article
May 15, 2014
Talk on the streets again of raising it to 1.25 or 1.30 Helps to explain the rise in CHF pairs this morning. Roubini Global Economics yesterday put out an article suggesting it might be a good time for the SNB to prepare for any ECB rate cuts/easing which would increase pressure on the Euro toward the… View Article
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy
