It’s all about the OPEC production cut – Commerzbank

FXStreet – The price of a Barrel of Brent Oil is expected to recover after the slip in this week slightly, although the U.S. Department of energy, is likely to raise its forecast for U.S. Oil production again, said Barbara Lambrecht, Commerzbank expert. Important Quotes: The Oil market is all about currently to the reduction […]

WTI Oil front the API data in the Minus

FXStreet – Oil prices have recently tested their daily lows. The price for the US variety of West Texas Intermediate (WTI) , listed on the last 46.25 $ 0.39 per cent in the Minus. Investors now await the release of US crude inventories. U.S. Oil puts a focus on API report The resurgence of Concerns […]

USA: Redbook series delivers disappointing results

FXStreet – The Redbook series (retail) delivered disappointing results. In the last reporting week, the sales in the month compared with a 1.6 percent declined to the previous level of 1.3 percent. In annual terms, the nominal increase of 1.3 percent after the previous level of 2.3 percent. ** FXStreet News Editorial,

GBP/USD falls ahead of Fed Talk to 1,29

FXStreet – in Accordance with the sustainable movement in the mid-1,2900 was not possible, was the GBP/USD is under selling pressure and thus the correction of the previous meetings from the new year high expanded. The Pair is now trading in the range of 1.2900, and the although the BRC Like-for-Like Sales for the month […]

AUD/USD rebound from 4-month low, Fed Speeches follow

FXStreet – The Pair reached its lowest level since the 9. January. The AUD/USD was able, however, to a few Pips above the middle of the 0,7300 recover. The recovery was accompanied by a slight increase in copper prices, which led to a decline in bearish commandments against the commodity currencies such as the Australian […]

USD/CHF Outlook on 1,0039 positive – Commerzbank

FXStreet Karen Jones, head of FICC Technical analysis at Commerzbank, notes that the prospects for the USD/CHF with a daily closing price over 1,0039 positive. Important Quotes “The USD/CHF was sold on Friday, and it came from the targets 0.9850 April Low to a robust recovery, which led to a daily closing price above the […]