Political Pressure on the ECB Escalated - Rabobank Jane Foley, Senior FX Strategist at Rabobank, suggests that the political pressure on the ECB has stepped up a few notches after German Finance Minister Schauble blamed ECB policies for a rise in support for Germany’s rightwing Alternative for Ge...
Fed Speakers Along with BoE and BoC to Take Centre Stage This Week – Rabobank Jane Foley, Senior FX Strategist at Rabobank, suggests that there are no key data releases today although scheduled speeches from the Fed’s Dudley and Kaplan will ensure the outlook for Fed policy remains a prime focus...
Pivot Points-Weekly Last Updated: Apr 9, 12:30 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.07557 1.10408 1.1215 1.13259 1.15001 1.1611 1.18961 USD/JPY 107.883 110.101 110.845 112.319 113.063 114.537 116.755 GBP/USD 1.3577 1.39206 1.40702 1.42642 1.44138 1.46078 1.49514 USD/CHF 0.91671 0...
Pivot Points-Daily Last Updated: Apr 9, 12:30 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.11551 1.12716 1.13234 1.13881 1.14399 1.15046 1.16211 USD/JPY 104.095 106.333 107.249 108.571 109.487 110.809 113.047 GBP/USD 1.38688 1.39774 1.40161 1.4086 1.41247 1.41946 1.43032 USD/CHF 0.9433 0...
The Sensex touched a high of 24,853.59 points and a low of 24,523.20 points during the intraday trade. The BSE market breadth was tilted in favor of bulls -with 1,353 advances and 1,109 declines. The barometer index had closed flat on Friday. It inched down by 12 points or 0.05 percent...
Gold Trims Gains as Stocks Rise Gold continued to surrender gains, now trading around $1247 levels as stock markets in Europe erased early gains to trade higher. Offered at $1254.32 Prices turned lower from a three-week high of $1254...
Indonesian Bonds Gain on Bank Indonesia Easing Expectations The Indonesian long-term bonds gained on Monday as market anticipate another 25-50 bps cut in 2016 due to soft economic growth. The benchmark 10-year bonds yield, which is inversely proportional to bond price fell 0.40 pct to -7...
Testing the yen There is currently a stand-off on the yen between the market and the Japanese authorities and for the moment, the market is winning hands down. Thanks to Friday’s late yen gains, USDJPY has now been falling for seven consecutive sessions (including today...
JPY: Japan Strengthens Direct Intervention Threat - MUFG Lee Hardman, Currency Analyst at MUFG, suggests that the verbal intervention from Japanese officials has had only a limited impact at dampening yen strength in the near-term...
EU Referendum Officially Kicks Off This Week - TDS Research Team at TDS, suggests that the UK’s EU Referendum officially kicks off on Friday...
European Stocks Drop as Oil Falters Stock markets across Europe dropped in early trading, tracking weak Asian equities and drop in oil prices. At the time of writing, Stoxx 50 index was down 0.50%. Germany’s DAX was down 0.63% and France’s CAC was down 0.58%. UK’s mining heavy FTSE was down 0...
US: Weak Start to the Year Reinforcing USD Weakness - MUFG Lee Hardman, Currency Analyst at MUFG, suggests that the US dollar continues to remain on the defensive in the near-term undermined the Fed’s dovish policy shift...
Pressure Points, Negative Rates and the Fading Risk Rally – Danske Bank Research Team at Danske Bank, suggests that the pressure points are building in financial markets after 1.5 months of risk rally...
There is no trade call for the session. As always on Mondays I prepared the currency update so you can familiarize with the situation in the markets. Currency Update USD: Employment figures for March were solid with 215,000 jobs added, a rise of 0...
USD Short Remains Moderate - BNPP James Hellawell, Research Analyst at BNP Paribas, lists down the FX positioning analysis data for the week ending 11th April. Key Quotes • “AUD and CAD positioning is light at scores of +1 and -2 respectively while NZD short positions remain large at -27...
BoE: Most Important Event for the UK – Danske Bank Research Team at Danske Bank, suggests that in the UK, the most important event this week is the Bank of England (BoE) meeting on Thursday. Key Quotes “We expect the BoE to maintain the Bank Rate and stock of purchased assets unchanged at 0...
Yen to Remain on Rise on Japan's Delicate Intervention Situation – Deutsche Bank Taisuke Tanaka, Strategist at Deutsche Bank, notes that the USD/JPY slid below ¥110 last week and this is the internal base rate for many Japanese exporters in the new fiscal year...
Japanese 10-Year Yield Climbs on Firm Oil Prices The Japanese government debt instrument traded weak on Monday amid tracking strong cues emerging from crude oil prices. The Japanese bonds have been closely following developments in oil markets because of their impact on inflation expectations...
