Oil’s almost 4% decline overnight – ANZ

Analysts at ANZ noted that overnight saw a decent pullback in oil prices, with near-dated WTI down 3.7% to USD37.10/bbl and prices for Brent down 2.2% (USD39.50).

Key Quotes:


"Higher US crude stockpiles, higher non-OPEC oil supply and Iran’s intention to return production (3.13 million bpd in February) to pre-sanction levels (4 million bpd) before considering a production freeze were all likely catalysts.

The broader CRB index fell 0.6%, with lower energy prices and falls for precious metals offsetting increases for soft commodities, industrial metals and grains. Gold prices eased by 0.7% to USD1241/oz, with the fall thought to be driven by a liquidation of long ETF positions."

Analysts at ANZ noted that overnight saw a decent pullback in oil prices, with near-dated WTI down 3.7% to USD37.10/bbl and prices for Brent down 2.2% (USD39.50).

(Market News Provided by FXstreet) [...]

Technical analysis of EUR/JPY for March 15, 2016

Technical outlook and chart setups:The EUR/JPY pair has reversed lower from 127.00 yesterday. The pair is trading at the level of 126.30 for now after hitting a low of 126.00 yesterday. It looks like a meaningful top is in place around 127.00, and the ... [...]

Key events in the US session – Westpac

Analysts at Westpac noted the events in the US for later today.Key Quotes:"US headline Feb retail sales is seen at -0.2% m/m while the rise in the ex-auto and gas measure is expected to slow to 0.2% m/m. Consensus for the Mar Empire State survey is a r... [...]

AUD/USD bulls losing grip of the bid

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Technical analysis of GBP/CHF for March 15, 2016

Technical outlook and chart setups:The GBP/CHF pair continues to consolidate ahead of 1.4200. The pair is trading at 1.4085 looking for an opportunity to rally yet again until prices stay broadly above 1.4000. The structure still remains constructive e... [...]

AUD/USD bulls are losing their breath

The graceful upward trajectory staged by the AUD/USD on the daily chart, finds an offsetting bearish harami, a pattern comparable to an Western inside bar. Prices challenged the 21-period 2-standard deviation upper band by printing outside of its bound... [...]

China A50 futures -+0.19% ahead of Shanghai open

China futures (A50 FTSE - benchmark for investors to access the China domestic market through A Shares – ) is trading up by 0.19% ahead of the Shanghai Composite open.

China futures (A50 FTSE - benchmark for investors to access the China domestic market through A Shares – ) is trading up by 0.19% ahead of the Shanghai Composite open.

(Market News Provided by FXstreet) [...]

AUD/JPY bulls are losing their breath

The graceful upward trajectory staged by the AUD/JPY on the daily chart, finds an offsetting bearish harami, a pattern comparable to an Western inside bar. Prices challenged the 21-period 2-standard deviation upper band by printing outside of its bound... [...]