The ECB today announced that it was cutting the main refinancing rate by 5bp to 0%, cutting the marginal lending rate by 5bp to 0.25%, cutting the deposit facility rate by 10bp to -0...
The euro has strengthened sharply following the ECB’s announcement of more aggressive easing, notes BTMU. "The counter intuitive reaction sends a bullish signal for the outlook for the euro in the near-term...
Elevated inflation risks and a vulnerable ruble could force the CBR to stay on the sidelines at March 18th meet. The ruble has gained quite a bit since weakening to a record low of USD/RUB 85.9675 on January 21, and is currently trading at 70.7908 levels...
EUR/USD: Outlook turn bullish but upside likely limited to 1.1245. The strong overnight rally is accompanied by impulsive momentum and the outlook for EUR in the next 1 to 2 weeks has shifted to bullish from neutral. That said, it is very likely that we have seen a bulk of the move...
Euro suffered three of its biggest swings since the financial crisis, in last 12 months, while FED was responsible indirectly for one of them, ECB is twice guilty...
It would be fair to say that European Central Bank (ECB) succeeded in surprising the market, with big stimulus package it delivered, so the immediate effect was as intended. Bond yields were dropping, Euro was going down, Pan European blue chip index EuroStxx50 was up more than 3.5...
Ieri i "rumors" sul petrolio hanno deciso la tendenza del prezzo...
Technical Analysis of USD/CAD for March 11, 2016 General overview for 11/03/2016: The weekly pivot point at the level of 1.3396 was tested after the data release and it capped the price...
Technical Analysis of EUR/USD for March 11, 2016 When the European market opens, some economic news on the Italian Industrial Production m/m and German Final CPI m/m is due to be released. The US will deliver the economic data on the Import Prices m/m...
Yesterday, the #ECB has announced a number of extraordinary measures to maintain the economy of the euro zone. The monetary policy has never been so ultra-soft! All that the market had expected from Mario #Draghi was a reduction of the deposit rate, but he surpassed himself...
Overall, the price action has looked like one of disappointment but it was the EURUSD move more than anything else that drove the afternoon trading. Most market players, including leveraged funds have been shorting the EUR on an interest rate differential trade idea...
Technical Analysis of USD/JPY for March 11, 2016 In Asia, Japan will release the BSI Manufacturing Index. The US will publish some economic data on the Import Prices m/m.So, there is a probability that the USD/JPY pair will move with low to medium volatility during this day...
Technical Analysis of Gold for March 11, 2016 Technical outlook and chart setups: Gold has managed to push higher and test recent highs of $1,279.00 before pulling lower again. The metal had push through the levels of $1,283.50 earlier, but dropped lower towards $1,277.00/78.00...
Technical Analysis of EUR/JPY for March 11, 2016 Technical outlook and chart setups: The EUR/JPY pair rallied through the levels of 126.80 yesterday. The pair is trading at 126.50 now, looking for an opportunity to reverse lower below 122.00. Please note that the rally from 122...
Technical Analysis of GBP/CHF for March 11, 2016 Technical outlook and chart setups: The GBP/CHF pair has dropped lower and is currently trading at 1.4040. The pair might have completed its correction and should be preparing to resume its rally towards the level of 1.4300...
In a near replay of the tumble, then rally, seen in December, the euro Thursday moved first sharply lower and then sharply higher in response to European Central Bank policy actions. On Dec. 3, the euro rallied 4.3%, from a $1.0524 trough to a $1...
EURUSD Daily Forecast: March 11 2016 EURUSD Forecast The EURUSD attempted to push lower yesterday bottomed at 1.0821 but whipsawed to the upside topped at 1.1218 in a high volatile market during ECB press conference...
GBPUSD Daily Forecast: March 11 2016 GBPUSD Forecast The GBPUSD attempted to push lower yesterday, slipped below 1.4130 but whipsawed to the upside topped at 1.4317. The bias is bullish in nearest term testing 1.4400 before targeting 1.4500. Immediate support is seen around 1.4240...
USDJPY Daily Forecast: March 11 2016 USDJPY Forecast The USDJPY was indecisive yesterday. Price attempted to push higher, topped at 114.44 but whipsawed to the downside and closed lower at 113.13. The bias is bearish in nearest term testing 112.50/25 region...
