All Blogs
The federal government released its 2016 budget today. The fiscal deficit for FY2016-17 is expected at C$29.4bn (1.5% of GDP), roughly in line with expectations, and at C$29.0bn (1.5% of GDP) for FY2017-18...
USDX Technical Analysis for March 23, 2016 The Dollar index showed renewed strength yesterday and broke out of the short-term bearish channel. Is it a trend reversal? The decline has an overlapping structure which implies we are in a corrective phase...
Gold Technical Analysis for March 23, 2016 Despite an early breakout above the short-term resistance in Gold price, sellers pushed prices below support canceling the bullish scenario for a new high towards $1,300. As we said in our previous analysis, a rise from $1,045 can be completed...
The strongest signals this week from Danske's FX Scorecard are long AUD/JPY, long USD/JPY, and long EUR/JPY. * Danske Bank (formerly Northern Bank) is a commercial bank in Northern Ireland...
Dear Valued Clients, Please be aware that Daylight Saving Time (DST) in Europe commences from the 25th March 2016. This change is over the Easter weekend which will also affect trading. Discover more about New Trading hours on our website...
There is no trade call today. The London session is again relatively light and may see low volatility. Current Sentiment: The Asian session was again light with a lack of data. FX trading has been rangebound. WTI is down nearly $1 from yesterday’s highs as the API inventory showed a build...
European Economics Preview: Swiss ZEW Economic Sentiment Data Due Economic confidence and economic forecast reports from Switzerland are due on Wednesday, headlining a light day for the European economic news. At 3...
Fitch Says China Banks Profitability Pressures To Continue Fitch Ratings said major Chinese banks' are likely to see subdued earnings growth in 2016, underscoring its negative sector outlook. Chinese bank's results for 2015 are set to be released next week...
EUR/USD: Higher Still on Valuation as ECB Gives Up its Euro Fight – Danske Bank Christin Tuxen, Senior Analyst at Danske Bank, suggests that the US data have started to surprise on the upside while that out of Europe continues to disappoint...
Gold Drops After Failing to Rise on Good News Gold is down 1% today as investors are losing interest in the metal, which failed to rise on good news flow throughout last week. Eyes 23.6% Fibo support Prices appear on track to extend losses and test $1227 (23.6% Fibo of Dec low-Mar high...
Major Currency Pairs Forecast – Danske Bank Research Team at Danske Bank, lists down the near-term forex forecast for the major currency pairs...
EUR/USD Losing Altitude, Breaches 1.1200 The offered tone is now picking up pace around the single currency, dragging EUR/USD to test sub-1.1200 levels, or session lows...
NZD: Scope for Short-term Rates to Move Lower Over Time - ANZ Research Team at ANZ, suggests that with the market not fully pricing in the 50bps of RBNZ cuts they expect over 2016, there is scope for short-term rates to move lower over time...
ECB: Less Focus on Rates, More on Volumes – Rabobank Research Team at Rabobank, notes that the ECB announced a comprehensive easing package on 10 March, including a 10bp deposit rate cut, new 4-y TLTROs and an expansion of QE by EUR20bn to EUR80bn a month, with IG non-bank corporate sector bonds...
USD/CAD Upside Capped Around 1.3100 The Canadian dollar is giving away part of the recent gains vs. its neighbor on Wednesday, with USD/CAD trading on a firm note near 1.3080...
Currency Truce and Polanyi’s Paradox – SocGen Research Team at Societe Generale, notes that the term ‘Currency Wars’ was used by Brazil’s erstwhile Finance Minister, Guido Mantega, in September 2010 in response to moves by some (Asian) countries to resist upward pressure on their currencies from...
Pivot Points_Daily Last Updated: Mar 23, 10:15 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.1077 1.11487 1.11819 1.12204 1.12536 1.12921 1.13638 USD/JPY 109.83 110.944 111.635 112.058 112.749 113.172 114.286 GBP/USD 1.38492 1.40562 1.41299 1.42632 1.43369 1.44702 1.46772 USD/CHF 0.96202 0...
Pivot Points-Hourly Last Updated: Mar 23, 10:15 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.11667 1.11819 1.1187 1.11971 1.12022 1.12123 1.12275 USD/JPY 112.143 112.241 112.296 112.339 112.394 112.437 112.535 GBP/USD 1.4147 1.41668 1.41759 1.41866 1.41957 1.42064 1.42262 USD/CHF 0.97268 0...
ECB Speakers in Focus Today – Danske Bank Research Team at Danske Bank, suggests that a few ECB appearances scheduled with both Lautenschlaeger and Weidmann set to speak today...
