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Event calendar


Bitcoin price analysis: BTC/USD is sidelined; bears are getting ready for a new assault Tanya Abrosimova

BTC/USD is sitting in a narrow range, capped by $6,500 on the upside, down mostly unchanged since the beginning of the day. The digital coin No. 1 has recovered from $6,135 reached on June 13, but the upside momentum is fading away. Experts warn that this week may bring more pain to 13:00 18 June /2018 Forex

EUR/USD regains 1.1600 on USD-selling, Draghi eyed Pablo Piovano

After bottoming out around 1.1570 in early trade, EUR/USD managed to grab some attention and is now advancing to session highs beyond 1.1600 the figure.EUR/USD now looks to SintraThe pair has now reverted the initial negative momentum and managed to attract some buying interest following a brief test of lows...

13:00 18 June /2018 Forex

OPEC said to discuss oil output hike of 300k to 600k bpd - Bloomberg Dhwani Mehta

Bloomberg reports the latest headlines citing that the Organization of the Petroleum Exporting Countries’ (OPEC) is said to discuss an oil output hike of 300k to 600k barrels per day (bpd).Further headlines:OPEC members said to seek a compromise to overcome Iran dissent.Saudi Arabia and Russia said to work on making

12:00 18 June /2018 Forex

WTI looks to take on the recovery above $ 64, trade tensions weigh Dhwani Mehta

WTI (oil futures on NYMEX) stages a minor comeback from two-month lows reached at $ 63.41 in early Asia, as upbeat forecasts released by Goldman Sachs and Libyan news offer the much-needed support to the prices.11:48 18 June /2018 Forex

Gold hangs near 6-month lows, around $1280 level Haresh Menghani

   •  Escalating US-China trade tensions prompt some safe-haven buying.
   •  Persistent USD buying keeps a lid on any meaningful up-move.
Gold struggled to register any meaningful recovery and remained within striking distance of near six-month lows set on Friday.The ongoing ...

11:48 18 June /2018 Forex

EUR/USD focused on Sintra near term – Danske Bank Pablo Piovano

Analyst at Danske Bank Aila Mihr highlighted the relevance of the Sintra event for the pair ahead in the week.Key QuotesEUR/USD is consolidating around the 1.16 level following last week’s significant drop on the ECB’s dovish rate guidance”.“Focus this week will be on whether the ECB’s Sintra gathering – wh...

11:23 18 June /2018 Forex

USD/JPY recovers a major part of its early fall, back above mid-110.00s Haresh Menghani

   •  Escalating US-China trade tensions prompt some fresh selling on Monday.
   •  Hawkish Fed underpinning the USD and helps limit deeper losses.
The USD/JPY pair has managed to reverse majority of its early slide and is now headed towards the top end of its daily trading range.The pair came under some renewed selling pressur...

10:23 18 June /2018 Forex

EUR/USD on the defensive below 1.1600, Draghi eyed Pablo Piovano

The demand for the single currency remains subdued at the beginning of the week, keeping EUR/USD under pressure in the vicinity of the 1.1600 handle.EUR/USD looks to DraghiThe pair is attempting to consolidate in the lower bound of the recent range f...

09:46 18 June /2018 Forex

Bitcoin may fall victim to its own popularity, BIS says Tanya Abrosimova

Large cryptocurrencies are at risk of collapse due to fragile nature of their decentralized networks, according to the latest BIS research.The currency has to be used, otherwise, it loses its intrinsic value as a medium of exchange. Meanwhile, many people buy coins for speculative purposes, so they tend to hold them instead of spending. High transaction fees and the limited number of transactions ...

09:23 18 June /2018 Forex

Leveraged funds’ EUR shorts reached the one-year high - Nomura Sandeep Kanihama

In the week ending Tuesday 12 June, EUR net-short positioning was extended to 35%, the one-year high of net-shorts, notes the research team at Nomura.Key Quotes“In contrast, Asset managers have remained EUR long since February 2016, with its current position standing at 42%.”“JPY&CHF: Leveraged funds increased long JPY from 1% to 15%. The one-year high of net-...

09:00 18 June /2018 Forex

Forex Today: Risk-off grips Asia on trade woes, eyes on Draghi’s speech amid light calendar Dhwani Mehta

Holiday-thinned light trading characterized the Asian session on the first day of this new week, as the Chinese traders were out celebrating the Dragon Boat Festival. Amid slowing volumes, risk-off remained the key theme, with a sense of caution ahead of the key OPEC meeting and European Central Bank (ECB) Forum in Sintra kept investors unnerved.The higher-yielding Antipodeans were hit by poor ris...

08:23 18 June /2018 Forex

USD/JPY risks bearish reversal on trade war fears Omkar Godbole

The USD/JPY pair is trading on the back foot today, having created a doji candle on Friday.At press time, the pair is trading at 110.48 - down 0.16 percent on the day. The Yen seems to have picked up a bid, tracking a 0.47 percent drop in the S&P 500 futures.The 07:46 18 June /2018 Forex

AUD: Softest G10 currency over the past week - Westpac Sandeep Kanihama

According to Sean Callow, Research Analyst at Westpac, given the slide in the euro after the ECB meeting, it is notable that AUD rather than the euro is the softest G10 currency over the past week.Key Quotes“US-China trade tensions could remain in focus given a mostly low-key global calendar.”“Last week was pr...

07:46 18 June /2018 Forex

EUR/USD: Bearish setup intact, Draghi's speech eyed Omkar Godbole

The EUR/USD fell from 1.1852 to 1.1543 last week, creating a bearish outside-week candle, signaling the corrective rally from 1.1510 (May low) has ended and the bears have regained control.Also, 5-week and 10-week MA are trending south indicating a bearish setup. Further, 5-day and 10-day MA are also biased bearish.Further, the escalating ...

07:23 18 June /2018 Forex

GBP/JPY sticking to Friday lows near 146.50 Joshua Gibson

The GBP/JPY pair is backing down in Monday action, trading into a low for the day near 146.40 as risk appetite withers in the face of renewed trade tensions.The US unveiled a list of tariffs targeting $50 billion in Chinese imports late last week, and China was quick to turn around with its own set of tariffs targeti...

06:46 18 June /2018 Forex

EUR/JPY Technical Analysis: Bears on the offensive as US-China trade war fears rise Omkar Godbole

Hourly chartSpot Rate: 127.95Daily High: 128.42Daily Low: 127.82Trend: Bearish<...

06:23 18 June /2018 Forex

Bitcoin price analysis: BTC/USD is rangebound after the calm weekend; hacked BitGrail lost its Bitcoins Tanya Abrosimova

BTC/USD is changing hands at $6,430, down 1.5% on daily basis. The digital coin No. 1 is rangebound after strong movements during the previous week, waiting for fresh triggers to set it moving.Italian government seized Bitcoins from BitGrail accounts. The Italian cryptocurrency exchange hacked in February 2018, lost Nano (XRB) coins to the tune of $195M. The company refused to admit fault and accu...

06:00 18 June /2018 Forex

Gold fell to lowest level since Dec. 26, calls lose value Omkar Godbole

Gold fell to fresh 2018 low of $1,275 on Friday, having failed to scale the key resistance at $1,302.76 in a convincing manner for three straight weeks.The sell-off put focus back on the double top reversal seen in mid-May and has opened doors for a drop to $1,240 (double top breakdown ...

05:46 18 June /2018 Forex

AUD/USD testing new lows, 0.7400 remains in sight Joshua Gibson

The AUD/USD is continuing to expose its weaker side in Monday's Asia session, poking down to a new low of 0.7525. The pair has since rebounded to 0.7440, but further downside is likely on the cards.Data is thin to kick off the new week, with no figures coming out of Australia until very late Tuesday, with the Australian Housing Price Index dr...

05:23 18 June /2018 Forex