Treasuries Close Slightly Higher Following Choppy Trading Session

Treasuries showed a lack of direction over the course of trading day on Friday before ending the session slightly higher. After spending the day bouncing back and forth across the unchanged line, bond prices moved to the upside going into the close. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its Read more about Treasuries Close Slightly Higher Following Choppy Trading Session[…]






Crude Oil Inches Up To $43 After Yearly Low

Crude oil futures trimmed steep recent losses with a modest daily gain Friday, as another rise in the U.S. rig count prevented a sustained rally. Baker Hughes said U.S. drillers added 11 oil rigs this week, the biggest increase in three weeks. The rig count has risen 23 weeks in a row, the longest streak Read more about Crude Oil Inches Up To $43 After Yearly Low[…]






Dollar Losing Ground As The Week Draws To A Close

The dollar is losing ground against its major European rivals Friday afternoon, but is nearly flat in comparison to the Japanese Yen. It was another light day on the U.S. economic front. Investors have also been monitoring comments from several Fed officials at the end of the trading week. New home sales in the U.S. Read more about Dollar Losing Ground As The Week Draws To A Close[…]






Bank Of America Lowers U.S. GDP Outlook

Bank of America Merrill Lynch has downgraded its outlook on U.S. gross domestic product in 2018 to 2.1 percent from an earlier forecast of 2.5 percent. “Hopes for a big fiscal stimulus have faded, prompting us to remove most of the fiscal impulse from our forecast for growth next year,” Michelle Meyer, the firm’s head Read more about Bank Of America Lowers U.S. GDP Outlook[…]






Technical analysis of USD/JPY for June 23, 2017

We will retain our yesterday’s target of USD/JPY. Although the pair posted a rebound and broke above the 50-period moving average, it is still trading below the key resistance at 111.45 (the low of June 22), which should limit the upside potential. The relative strength index is mixed with bearish bias. Hence, as long as Read more about Technical analysis of USD/JPY for June 23, 2017[…]






Technical analysis of USD/CHF for June 23, 2017

Our USD/CHF yesterday downside target has been hit. It is still expected that pair will move further downward, and we are going to keep our downward target at 0.9680. The pair is capped by a bearish trend line since June 20, which confirmed a negative outlook. The relative strength index is bearish and calls for Read more about Technical analysis of USD/CHF for June 23, 2017[…]






Technical analysis of GBP/JPY for June 23, 2017

GBP/JPY is expected to trade in a higher range as bullish bias remains. The pair posted a rebound and broke above both 20-period and 50-period moving averages. The relative strength index lacks downward momentum. The downside potential should be limited by the key support at 140.85. Therefore, as long as this key level holds on Read more about Technical analysis of GBP/JPY for June 23, 2017[…]






Technical analysis of NZD/USD for June 23, 2017

We will retain our NZD/USD Yesterday’s target, pair moved upward and we are looking for the upside target of 0.73. The pair is trading above the rising 50-period moving average, which plays a support role. The relative strength index stands firmly above its neutrality level at 50. The downside potential should be limited by the Read more about Technical analysis of NZD/USD for June 23, 2017[…]