NZD/USD consolidates losses below 0.69 as DXY stays flat on the day

NZD/USD remains on track to end the third day lower this week. US Dollar Index struggles to rise above 95. The NZD/USD pair dropped to its lowest level in more than a month at 0.6865 earlier in the NA session and started moving in a tight range after finding a support there. As of writing, th ...

EUR/USD: Euro bulls advances currently capped at 1.1600

EUR/USD is currently capped at the 1.1600 as bulls are trying to break the level to the upside.  EUR/USD is taking its cues mainly from the US Dollar on data-light Wednesday. The single currency is mostly trading sideways on Wednesday as EUR/USD is oscillating between the 1.1536 an ...

USD/CAD Technical Analysis: Greenback grinding higher approaching

USD/CAD is trading up for the fourth day in a row, it is currently trying to breakout above 1.3300 in order to potentially reach the 1.3350 June 21, 2017 swing high which can be the next target to the upside.   USD/CAD broke out from a wedge formation on the daily chart suggesting tha ...

Saudi EnergyMin: The market demands more oil in H2

Saudi energy minister is now crossing the news wires with key quotes, via Reuters, found below: The market demands more oil in H2. We will try to maintain the consensus that has characterized the past two years. I am encouraged that we are converging towards a good decision. Any decision tha ...

USD/JPY steadies near 110 amid a lack of fresh fundamental drivers

Wall Street trades mixed in the first half of the session. The US Dollar Index stays quiet near 94.70. BoJ's Kuroda voices his concerns over the trade conflict. The USD/JPY pair is having a difficult time finding direction on Wednesday as the lack of significant data releases reduces th ...

Colombia Trade Balance above forecasts ($-400M) in April: Actual ($-325M)

Breaking News: UK: PM Theresa May wins key vote on Brexit

The UK government has defeated the amendment proposed by the pro-EU conservative lawmakers to win the Brexit 'meaningful vote' (319 vs. 303) in the Parliament. "The whole drama over giving Parliament a meaningful vote - and that 16-vote difference today - underscores how May' ...

Gold Technical Analysis: Yellow Metal trading below $1,275/oz near 2018 low

Gold is trading in a very narrow trading range just below the $1,275 a troy ounce level which is the low of last week and the weekly 100-period simple moving average. Gold is trading near its 2018 low and below the 50, 100 and 200-period simple moving average on the 4-hour time-frame suggestin ...

WTI regains $66 and above post-EIA

Crude oil prices rebound to daily highs around $66.30 on EIA report. Traders’ attention remains on the OPEC meeting on Friday. US crude oil inventories decreased by around 5.9 mbpd last week. Prices of the barrel of the American reference for the sweet light crude oil are trading on ...

ECB’s Draghi: Plenty of instruments available if necessary

Central bankers continue to respond to questions from the audience at the ECB's panel titled 'Price and wage setting in advanced economies.' Key quotes (via LiveSquawk) Lowe: Confident on reaching 2.5% inflation. Draghi: Plenty of instruments available i ...

AUD/USD weakens back closer to YTD lows, around 0.7370 region

   •  Struggles to build on early recovery move and failed just above 0.7400 handle.    •  Resurgent US bond yields help revive USD demand and prompted some fresh selling.    •  Weaker copper prices add to the selling pressure back close ...

United States EIA Crude Oil Stocks change below forecasts (-1.898M) in June 15: Actual (-5.914M)

EIA: Commercial crude oil inventories decreased by 5.9 million barrels

Below are the key highlights from the EIA's weekly petroleum report for the week ending June 15, 2018. U.S. crude oil refinery inputs averaged 17.7 million barrels per day during the week ending June 15. U.S. crude oil imports averaged 8.2 million barrels per day last week, up b ...