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Oil at two-year low after Saudi price cut
Fri, 03 Oct 2014 07:29:28 GMT
 
Saudi Arabia decided to decrease its official selling price of oil, causing global oil prices to fall to their lowest  in over two years time. Other contributing factors to the price dip are increased >>
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European stocks edge up despite investors' disappointment
Fri, 03 Oct 2014 07:18:20 GMT
 
European shares are expected to open a touch higher on Friday, even though many investors were left rather unsatisfied after ECB President Mario Draghi's speech. Many expected a more explicit >>
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China's non-manufacturing PMI declines
Fri, 03 Oct 2014 07:07:17 GMT
 
An official data of China's in non-manufacturing sector showed that business activity declined to the lowest level in eight months in September, as an escalating property market slowdown further undermine >>
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USD/CHF faces strong supply at 0.96
Fri, 03 Oct 2014 06:56:51 GMT
 
Considering that the resistance at 0.96 withstood the buying pressure, there is an increased likelihood of USD/CHF retreating to 0.9450. >>
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USD/JPY rebounded from 108
Fri, 03 Oct 2014 06:56:45 GMT
 
USD/JPY had to come all the way back to 108 in order to revive the bullish activity. >>
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GBP/USD approaches 2014 low
Fri, 03 Oct 2014 06:56:17 GMT
 
Although GBP/USD initially found support at 1.6162 (weekly S1), the currency pair stopped 50 pips short of reaching the supply area near 1.63 and turned around. >>
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EUR/USD to preserve negative bias
Fri, 03 Oct 2014 06:56:11 GMT
 
Despite the potentially game-changing events that transpired yesterday, EUR/USD did not react to the fundamental news and did not violate any of the important levels. >>
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Aussie receives boost from better-than-expected trade balance and housing market data
Fri, 03 Oct 2014 06:47:07 GMT
 
The Australian Dollar received a boost from the better than expected data, rebounding from its eight-month low versus the Greenback. >>
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Construction activity increase at fastest pace in 8 month in September
Fri, 03 Oct 2014 06:36:04 GMT
 
Britain's activity in the construction sector rose at the fastest pace in eight months in September, sparking optimism over the country's economic outlook. >>
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U.S. jobless claims fall, payrolls may have risen, while unemployment rate is likely to remain at 6.1%
Fri, 03 Oct 2014 06:25:04 GMT
 
The number of Americans seeking unemployment aid declined last week, adding to signs the U.S. job market continues to show steady progress. >>
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ECB keeps rate unchanged, plans to start purchasing assets in Q4
Fri, 03 Oct 2014 06:14:04 GMT
 
The European Central Bank maintained its interest rates unchanged, while shifted its attention to asset-buying scheme, on which the bank has been pinning hopes to revive the flagging economy. >>
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NZD/USD challenges 0.79 level
Thu, 02 Oct 2014 15:03:03 GMT
 
The New Zealand Dollar has continued to reverse some of the previous losses against the U.S. counterpart; moreover, the pair formed a attack towards the major level at 0.79. >>
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USD/CAD bounces off monthly PP
Thu, 02 Oct 2014 14:52:04 GMT
 
The U.S. Dollar reached the weekly and monthly PPs at 1.1088/83 today, which are located just slightly below the major level; however, the pair has recovered since then. >>
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AUD/USD tests weekly PP
Thu, 02 Oct 2014 14:41:04 GMT
 
The pair's bulls have managed to push the pair towards the major level and weekly PP at 0.8800/05, after almost reaching this year's high yesterday. >>
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EUR/JPY approaches 137 level
Thu, 02 Oct 2014 14:30:07 GMT
 
Today the Euro has prolonged its decline against the Japanese Yen, after the pair dropped below the weekly S1, 55 and 100-day SMA at 137.97/79. >>
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