Noticias Forex

S&P 500 should test the 3026 200-day moving average in the opinion of economists at Credit Suisse as the index has been unable to seize the positive economic data released in the past days. Furthermore, the VIX behaviour reinforces the view for a corrective phase. Key quotes “The latest positive data surprise has not been…

According to flash data from CME Group for Natural Gas futures markets, open interest dropped for the fourth consecutive session on Friday, this time by around 5.4K contracts. In the same line, volume reversed the previous build and went down by around 45K contracts. Natural Gas: Door open for $1,70 and below Prices of Natural…

GBP/USD is approaching the 1.2694/1.2730 resistance area as the cable trades at 1.2633, up 0.10% on a day. Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, expects the currency pair to see some consolidation at the mentioned resistance.  Key quotes “GBP/USD is getting ever closer to the 1.2694/1.2730 resistance area which consists of the 200-day…

Economists at ANZ bank remain positive on TWD and expect continued foreign inflows to support the currency. Therefore, they see USD/TWD trading at 29.25 by the end of the year, with a bigger move towards 29 on the cards. Key quotes “We have a positive view on TWD, and expect a further appreciation into the…

The upbeat mood undermined the safe-haven JPY and extended some support to USD/JPY. The prevalent USD selling bias seemed to hold investors from placing aggressive bullish bets. Worries over deteriorating US-China relations might also collaborate towards capping gains. The USD/JPY pair traded with a mild positive bias during the early European session, with bulls now…

USD/JPY is expected to trade with a downward bias towards the 106.20 region in the next weeks, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “Despite staging a rapid rebound from a low of 106.62 last Friday, it is too early to expect a major recovery. From here, USD is more likely to…

Strategists at Credit Suisse have noted a great silver performance lately and expect the white metal to look for the $26.22 resistance on a break above $21.14. What’s more, Gold/Silver ratio shows the latter is in line to extend its outperformance.  Key quotes “Silver continues to push its way higher and there are seen clear…

Gold is trading above $1,800 per ounce and strategists at TD Securities expect the yellow metal to stay above the mentioned level or even higher fueled by lower real rates.  Key quotes “Gold remains torn between its safe-haven bona fides, which are prompting money managers to sell on risk-on behavior in markets, and its inflation-hedge…