More CNY Weakness Ahead – Danske Bank Allan von Mehren, Chief Analyst at Danske Bank, suggests that Chinese growth has shown signs of stabilisation and we look for moderate recovery during 2016 driven by the construction sector, which was experiencing a hard landing over the past year...
NZD/USD: Bottom in Commodity Prices to Cap Downside – Danske Bank Jens Nærvig Pedersen, Senior Analyst at Danske Bank, suggests that the net immigration continues to be supportive for real economic activity in New Zealand, which is progressing relatively steadily despite rising global economic wo...
USD/CHF Off Highs, Back to 0.9770 The greenback extends its upside momentum vs. the Swiss currency today, pushing USD/CHF further north of the 0.9700 handle. USD/CHF bounces off 0.9650 Spot has managed to revert the deep pullback post-FOMC to fresh 2016 lows in the mid-0...
NZD/USD Attempting Gains Above 0.67 Bid tone around Kiwi remains intact amid holiday thinned trading in Europe, with NZD/USD looking to extend gains above 0.67 handle...
USD/CNY Expected to Edge Higher – Danske Bank Chief Analyst at Danske Bank Allan von Mehren sees the pair ticking slightly higher in the next months. Key Quotes “The PBoC managed to calm the markets faster than expected and the depreciation pressure on CNY versus the USD has eased”...
GBP/USD Keeps Lows Near 1.4130 The sterling remains on the defensive at the end of the week, relegating GBP/USD to trade in the area of daily lows around 1.4130. GBP/USD weaker pre-US GDP Spot has retraced most of the recent advance to levels just above the 1...
EUR/USD – Stuck in a 40-pip Range Ahead of US GDP EUR/USD has been confined largely to a 40-pip range of 1.1150-1.1190 since yesterday amid holiday thinned trade ahead of the final US Q4 GDP release...
The downward retracement in #EURUSD continued, resulting in achievement of a support level in a form of 38.2% Fibonacci retracement level. This level can be used by bulls to increase positions to buy as a fundamental picture still favors them. Find out more by checking out the Source Link...
The situation in #USDJPY is understandable and predictable. Even published on the eve weak data on durable goods orders in the United States were unable to stop the recovery of the pair. Previously, support for the dollar was provided mostly with technical factors...
We expect the BEA’s third estimate of Q4 GDP to leave top-line growth unchanged at 1.0%, though we anticipate compositional shifts in its prior estimate of real output. We look for real consumption growth to be marked up by one-tenth, to 2...
More unstable risk sentiment on the back of this week’s terrorist attacks in Brussels failed to trigger any sustainable franc upside. It still appears that the SNB’s stance with respect to direct currency intervention is keeping the currency’s safe haven appeal low...
USD/JPY has dropped by JPY 7-8 from JPY120 to JPY112-113 so far in 1Q as seasonal factors exports and cash repatriation have supported the JPY appreciation, shifting the direction of USD/JPY from the JPY depreciation, notes BTMU...
AUD/USD Testing Highs Near 0.7530 The Aussie dollar is now picking up pace vs. the greenback, sending AUD/USD to the area of daily tops near 0.7530. AUD/USD supported near 0.7500 The pair is looking to stabilize in the low-0.7500s after finding quite strong resistance in the proximity of 0...
USD/JPY Trims Gains, Drops to 113.00 USD/JPY is trimming gains amid thin volumes in Europe, but trades positive on the day around 113.00 ahead of the final US Q4 data release. Will winning streak continue...
AUD/USD: Currency Challenges Transition, RBA to Cut in H2 – Danske Bank Kristoffer Kjær Lomholt, Analyst at Danske Bank, notes that the overall Australian economic data releases have been mixed over the past month...
EUR/USD Could Face Consolidation Near Term – Danske Bank According to Christin Tuxen, Senior Analyst at Danske Bank, the pair could attempt a rangebound pattern in the short-term horizon...
Has the Dollar Bottomed? – Deutsche Bank Daniel Brehon, Research Analyst at Deutsche Bank, tries to answer the looming question that whether the dollar has bottomed for now. Key Quotes “As reality sets in that the Fed is still the only game in town the dollar struggled to base before Easter...
During early Asian trading the major #indices traded mixed, but finished the session higher. #Nikkei 225 rose by 0.65% and the Shanghai Composite Index added 0.62%. Today the majority of markets, including the U.S. one, do not work. Find out more by checking out the Source Link...
In times of crisis lend freely against good collateral, Walter Bagehot suggested back in 1873. Almost 150 years later, the influential essayist's dictum may prove to be easier said than done for the world's policymakers...