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BNP Paribas remains short AUD via a long EURAUD trade via options. "This is in line with STEER, signalling the short-term fair value for EURAUD currently stands at 1.5112...
The single currency has been capped since Friday’s comments by ECB chief economist and Executive Board member Praet. He stressed that the central bank still has room to cut interest rates should the euro area’s economic recovery falter...
The US dollar is beginning the week mostly firmer against the major and emerging market currencies. The Japanese yen, where local markets were closed for the spring equinox is up slightly, and the Australian dollar turned higher in the European session...
Fed's Williams with some unscheduled comments: • Basic contour and path of rate hikes has not changed • US has proved remarkably resilient to global factors • If not for global risks, Fed would raise rates sooner and faster • Sees rate hikes soon given encouraging data Williams is Mr Data Dependa...
We are still holding an order to buy from 1.4438. It should be noted that during the last two days there was no clear trend in #GPBUSD. Anyway, we are bargain for any development of the situation. Find out more by checking out the Source Link...
A result of a long position in #EURUSD was fixed with a #profit when the bar has closed below the green Alligator's line. Currently, we are out of the market, but ready to enter at any time, namely if the price will break one of the nearest support/resistance lines...
Research Team at BBH, notes that the sterling has appreciated by nearly 5% this month and has recovered the bulk of the losses suffered following the deal with the EU and London Mayor Johnson's formal declaration of supporting efforts for the UK to leave the EU...
Bank of England’s (BOE) Forbes, while speaking in London, said an increase in domestic risk and uncertainty could occur in the run up to the EU referendum scheduled on Jan 23rd...
Research Team at BBH, suggests that the economic activity in the Eurozone does appear to be slowing. “Recall that EMU economy expanded by 0.3% in Q4 15 for a 1.5% year-over-year growth. This is in line with what economists reckon is trend growth for the eurozone. Sentiment has weakened...
Swedish Companies More Optimistic On Economy: Riksbank Survey Swedish companies are now more optimistic about the economic situation though they facing difficulties in raising prices, results of the Riksbank's February 2016 Business Survey showed Monday...
James Knightley, Senior Economist at ING, suggests that a surprise drop in US confidence may mean rising gasoline prices and unsettling politics is offsetting the benefits from a robust jobs market and the equity market rebound. “University of Michigan confidence fell in March to 90.0 from 91...
Australian Dollar Off Early Lows Against Most Majors The Australian dollar came off from its early lows against most major counterparts in European trading on Monday. The aussie recovered to 0.7626 against the greenback and 85.07 against the yen, off early 4-day low of 0...
Research Team at BBH, notes that the US economy is not only averting a recession, but growth accelerated in Q1. “The markets exaggerated the risk of a US recession. The US reports its third estimate of Q4 GDP. It is too historical to matter much, and whether it is 1...
Jane Foley, Senior FX Strategist at Rabobank, lists down the key economic releases for the week. “Existing home sales for February are the only key data US release today, though the week will also bring PMI releases in addition to weekly initial claims and durables goods numbers...
Croatia Retail Sales Fall For First Time In 5 Months Croatia's retail sales decreased at the start of the year, after rising in the previous four months, figures from the Croatian Bureau of Statistics showed Monday. Retail sales volume dropped a seasonally and working-day-adjusted 0...
UK: Politics is Going to be More Important than Economics - SocGen Kit Juckes, Research Analyst at Societe Generale, suggests that the politics is going to be more important than economics for the next three months in the UK and so far, both major political parties seem pretty keen on tearing the...
Research Team at BBH, suggests that the BOJ's move to negative rates at the end of January has been the only policy surprise among the major central banks this year...
WTI is pivoting on $39.0 for now, but near term stability seems to be enough to send USD/CAD lower again, with the pair now hovering above 1.3000, though support noted through the figure, which will only really be tested if risk sentiment turns again...
Australian Stock Exchange CEO Quits Amid Bribe Investigation The head of Australia's main stock exchange resigned on Monday amid an investigation into allegations that a gaming firm he once ran made a bribery payment several years ago to the family of Cambodia's prime minister...
