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Category Archives: FX Street

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WTI extends recovery towards $ 48, API report eyed

Having found support ahead of $ 47 mark, oil futures on NYMEX attempted a tepid recovery on Tuesday, in a bid to regain $ 48 mark. WTI awaits API report for fresh impetus The black gold stalled its 2% sell-off and edged higher on expectations

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NZD/AUD: 0.9200 area remains vulnerable – Westpac

The 0.9200 area for NZD/AUD cross has survived multiple tests during the past few weeks but it remains vulnerable, according to Imre Speizer, Research Analyst at Westpac. Key Quotes “Iron ore has extended its spectacular rally since mid-June (up 50%), ensuring AU commodity basket outperformance

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EUR/NOK seen between 9.25/9.40 – Danske Bank

Analyst Mathias Mogensen at Danske Bank assessed the recent price action around the Norwegian Krone. Key Quotes “In Scandies, NOK is mirroring movements in the oil prices while awaiting important data releases on Thursday”. “Oil prices dropped back late yesterday from highs reached on Friday,

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Gold corrects to $1285 level on firmer USD

Gold prices inched lower through on Tuesday and dropped to fresh session lows, near $1285 level during early European trading session. The precious metal eroded part of yesterday’s up-move back closer to the $1,300 level and was being weighed down by a modest pickup in

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GBP/USD deflates from tops, back below 1.2900

The now better tone around the greenback is forcing GBP/USD to recede from the area above 1.2900 the figure, or daily highs. GBP/USD gains capped around 1.2910 Cable advanced to the low-1.2900s earlier in the Asian session, although the bullish attempt run out of steam