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Brent's rebound from $55.45 ran out of steam at $56.31 yesterday after the American Petroleum Institute (API) reported a large gasoline build. Prices printed a fresh two-week low of $55.31 today. The API reported a draw of 4.079 million barrels in United States Crude Oil inventories. The...

The sell-off in the EUR/USD appears to have stalled around 1.17 handle, despite political instability in Spain. Most of the market talk still overlooks a serious issue. The complacency is evident from the fact that despite the Spanish crisis, the spread between the Spanish and German 10-year bond...

The American Dollar was offered across the board in Asia as markets priced in the even odds of a neck-to-neck race between Powell and Warsh as candidates for next year's Fed Chair position. The Dollar-Yen pair dropped to a low of 112.41 after failing multiple times to close above 113.00 levels...

The GBP/USD pair gained some positive traction during the Asian session on Wednesday and has now recovered majority of the previous session's slide to near three-week lows. The British Pound weakened across the board on Tuesday, dragging the pair to its lowest level since September 14, after...

Brent Oil trades on the back foot this Monday morning, courtesy of the broad-based USD strength and overbought technical conditions. Brent prices gained 20% in the third quarter as the forward structure fell into backwardation - signaling a tighter market. Brent rose to $58.85 last month; the...

The struggle for a convincing break above 113.00 handle continues... The Dollar-Yen pair clocked a high of 113.06 earlier today and now trades around 112.80 levels. The steeper yield curve, tax reform talks are Dollar supportive. Also supporting the US Dollar is the news that President Trump and...

The Aussie-Dollar pair fell to 0.7799 last week; the lowest level since mid-July, pushing the 14-day RSI into bearish territory. Hawkish comments from Fed's Yellen strengthened the bid tone around the US dollar, while the unwinding of safe-haven longs in Gold weighed over the Aussie. RBA...

The GBP/USD pair gapped lower by around 30 pips at the start of a new trading week and remained capped below the 1.3400 handle amid some relatively lighter trading action. The US Dollar stood tall against its major counterparts, supported by growing market conviction for an additional Fed rate hike...

The EUR/USD pair turned lower during the Asian session on Monday, weighed down by the possible implications of the disputed referendum on Catalonia independence in Spain. Meanwhile, the market seems to have digested Friday's mixed US economic data showing consumer spending barely rose in August...

The Dollar-Yen pair staged a solid rebound from the 10-DMA on Tuesday on the back of a hawkish Yellen and more 'Kim fatigue'. The spot rose to 112.48 yesterday and extended gains to a high of 112.55 levels in the Asian session today. Despite being bid above the 200-DMA, the currency pair is...

On Tuesday, the GBP/USD pair struggled to sustain an early up-move back above the 1.35 hand and dropped to an intraday low level of 1.3409 in wake of persistent US Dollar buying interest. Traders even shrugged off disappointing US economic data, showing weakness in both consumer confidence and the...

The German election setback continued weighing on the shared currency for the second straight session on Tuesday and dragged the EUR/USD pair below the 1.1800 handle to over one-month lows. Also collaborating to the pair's bearish break below a 4-week old trading range was broad-based US Dollar...

The EUR/USD is losing altitude fast on heightened political uncertainty following German Election results. The pair dropped to a one-month low of 1.1810 levels in Europe. Daily chart The chart above shows head-and-shoulders breakdown. At press time, the spot is chipping away at the...

The EUR/USD pair reversed an early dip to sub-1.19 level and is now looking to fill the bearish opening gap, led by a disappointing victory for Merkel’s Conservatives (CDU) Party, which is now expected to try to form a coalition with the Liberals and the Greens. With coalition talks expected...