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News

OPEC Delegate: OPEC is still working on a deal, no final agreement has been made yet.
According to the latest headlines floating on the wires, via Reuters citing an OPEC delegate, the cartel is looking to propose an output cut of 0.9-1 | 06/12/2018 13:54
According to the latest headlines floating on the wires, via Reuters citing an OPEC delegate, the cartel is looking to propose an output cut of 0.9-1 million barrels per day to Russia.
Key quotes
- Would seek further cuts from non-OPEC nations.
- OPEC still working on participation levels in proposal.
- OPEC is still working on a deal, no final agreement has been made yet.
Popular News
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FOMC meeting minutes press lock up cancelled, minutes to be published at 1900 GMT
Following the earlier reports of the US government offices being shut down today due to severe weather, it’s been reported that the FOMC meeting minut | 20/02/2019 03:40
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Australia: +15k seen on employment, jobless rate to steady at 5.0% - Westpac
The Westpac Analysts offer a sneak peek at what to expect from the Australian January labor market report due on Thursday at 0030 GMT. Key Quotes: | 20/02/2019 03:31
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Brent Oil Technical Analysis: Bull flag seen in 4H chart
Brent oil is currently trading above $66.50 - the upper edge of the bull flag pattern seen on the 4-hour chart. A breakout would be confirmed if the c | 20/02/2019 03:23
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China’s Foreign Ministry: China urges US to respect its right to develop, prosper - Reuters
China’s Foreign Ministry paraphrased State Councilor Wang Yi as saying, in a statement issued on Wednesday, that the US should respect China’s right t | 20/02/2019 03:14
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EUR/USD Technical Analysis: Upside favored on inverse head-and-shoulders breakout
The inverse head-and-shoulders breakout seen in EUR/USD's 4-hour chart validates the bullish view put forward by the falling channel breakout on Monda | 20/02/2019 02:58
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UK's Hammond: Most urgent task is to secure Brexit deal that will protect trading relationship with EU
The UK Chancellor/ Finance Minister Phillip Hammond was on the wires earlier today, via Reuters, warning that there a no deal Brexit would be a 'mutua | 20/02/2019 02:31
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EUR/JPY crosses 50-day MA for the first time since Dec. 13
EUR/JPY has crossed a key moving average (MA) hurdle for the first time in over two months. As of writing, the cross is trading at 125.82 - above th | 20/02/2019 02:27
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AUD/USD Technical Analysis: Immediate channel resistance can disappoint Aussie bulls at 0.7180
AUD/USD hourly chart AUD/USD Overview: Today Last Price: 0.7172 Today Daily change: 0.0005 pips Today Daily change %: 0.07% Today | 20/02/2019 02:24
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Ex-Fed Chair Yellen: Need to be careful not to define domestic policy tools as currency manipulation
Bloomberg reports the recent comments delivered by the former Federal Reserve (Fed) Chairman Janet Yellen, as she warned on the US request for China t | 20/02/2019 02:19
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USD/CAD Technical Analysis: Break of 1.3200-1.3195 support-area signals further downside
USD/CAD daily chart The USD/CAD dropped below 1.3195 during the early Asian trading on Wednesday. The pair’s trading under February 13 low of 1.31 | 20/02/2019 02:04
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USD/JPY eyes 111 on expectations for dovish Kuroda
The Japanese yen is being offered in Asia possibly on expectations that Bank of Japan (BOJ) governor Kuroda will flag easing risks. At press time, U | 20/02/2019 02:01
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US Govt offices (DC area) will be closed on February 20th due to severe weather
Reuters is out with the latest announcement from the US government, citing that US government offices (Washington DC area) will be closed on February | 20/02/2019 01:56
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Gold Technical Analysis: Jumps to fresh YTD highs, RSI reporting overbought conditions on all major time frames
Gold has just set a fresh year-to-date high of $1,344, having jumped 1.12 percent to $1,342 yesterday. While the higher highs and higher lows indica | 20/02/2019 01:33
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PBOC sets yuan reference rate at 6.7558
The People's Bank of China (PBOC) sets the yuan reference rate at 6.7558 vs the previous day's fix of 6.7642. | 20/02/2019 01:18
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AUD/JPY: Soft Australian wage data challenges trend-line break sentiments
AUD/JPY took a U-turn to 79.20 after Australia’s quarterly wage details on early Wednesday. In addition to weakness in the wage price index during the | 20/02/2019 01:17
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USD/CNH Technical Analysis: Potential inverse head-and-shoulders
The USD/CNH pair fell 0.4 percent yesterday, validating the bearish crossover between the 5 and 10-day moving averages. The immediate bearish case, | 20/02/2019 01:02
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Aussie wages disappoint ahead of key jobs data tomorrow
As noted from yesterday’s meeting minutes, the RBA Board said that, “Tightening labour market conditions were expected to put upward pressure on wages | 20/02/2019 00:50
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AUD/USD drops in the red on below-forecast Aussie wage price index
A below-forecast Aussie wage price index (WPI) released soon before press time has weakened the bid tone around AUD/USD. The currency pair is curren | 20/02/2019 00:41
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USD/JPY: Stationary around 110.65 in Tokyo ahead of FOMC minutes
USD/JPY jumped from 110.50 in Tokyo trade yesterday due the dovish comments from BoJ governor Kuroda and went onto110.82 in London but then faded a li | 20/02/2019 00:35
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Australia Wage Price Index (YoY) meets forecasts (2.3%) in 4Q
Australia Wage Price Index (YoY) meets forecasts (2.3%) in 4Q | 20/02/2019 00:30
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Australia Wage Price Index (QoQ) below expectations (0.6%) in 4Q: Actual (0.5%)
Australia Wage Price Index (QoQ) below expectations (0.6%) in 4Q: Actual (0.5%) | 20/02/2019 00:30
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GBP/JPY Technical Analysis: 144.75 becomes crucial for buyers
GBP/JPY daily chart The GBP/JPY pair trades little changed at 144.50 on early Wednesday. The pair rose during the last three days but is still tra | 20/02/2019 00:26
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Japanese yen is the most undervalued major currency - UBS
The anti-risk Japanese yen (JPY) is the most undervalued major currency and could rise to 105 per US dollar in the next 12 months on haven demand and | 20/02/2019 00:14
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Australia Westpac Leading Index (MoM) up to 0% in January from previous -0.2%
Australia Westpac Leading Index (MoM) up to 0% in January from previous -0.2% | 20/02/2019 00:06
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AUD/NZD: Bears waiting to pounce for a breakout below key technical horizontal support
The cross has been subject to a number of key headlines surrounding both the RBA and RBNZ of late. The RBA minutes were the latest catalyst that initi | 19/02/2019 23:58
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Japan Adjusted Merchandise Trade Balance came in at ¥-370B, below expectations (¥-290.5B) in January
Japan Adjusted Merchandise Trade Balance came in at ¥-370B, below expectations (¥-290.5B) in January | 19/02/2019 23:53
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Japan Merchandise Trade Balance Total below forecasts (¥-1011B) in January: Actual (¥-1415.2B)
Japan Merchandise Trade Balance Total below forecasts (¥-1011B) in January: Actual (¥-1415.2B) | 19/02/2019 23:50
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Japan Imports (YoY) above forecasts (-2.8%) in January: Actual (-0.6%)
Japan Imports (YoY) above forecasts (-2.8%) in January: Actual (-0.6%) | 19/02/2019 23:50
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Japan Exports (YoY) came in at -8.4% below forecasts (-5.5%) in January
Japan Exports (YoY) came in at -8.4% below forecasts (-5.5%) in January | 19/02/2019 23:50
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WTI: Lack of inventory data and doubts over future demand restrict price gains near $56
WTI remains around $56.00 at the start of Asian trading on Wednesday. The crude benchmark refrained to extend its recent recovery as the absence of in | 19/02/2019 23:34
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