All Blogs
European Economics Preview: ECB Likely To Cut Deposit Rate Further The European Central Bank is set to announce its interest rate decision later today. The bank is expected to cut its deposit rate further into negative territory, while keeping the refi rate unchanged...
EUR/GBP Rangebound Near 0.7730 Ahead of ECB The usual lull pre-ECB meeting has taken over sentiment ahead of the European open on Thursday, leaving EUR/GBP to navigate the 0.7730 area...
EUR/JPY: Upside Remains Capped by 124.90 The bulls are seen struggling to keep the bids as progress towards the European open, with EUR/JPY failing yet again to take out the strong resistance at 124.90. EUR/JPY flat-lined below 123.70 The EUR/JPY pair trades modestly flat at 124...
NZD/USD Recovers Losses, but RBNZ Rate Cut Caps Gains The selling interest in the NZD ran out of team, helping the NZD/USD pair recover losses, but the gains are hard to come on account of RBNZ’s dovish stance. Trades above 200-DMA The spot recovered from the Asian session low of 0...
Brexit Uncertainty is Slowing UK Business Investment – Rabobank Research Team at Rabobank, notes that the UK business investment fell by 2.1% q-o-q in the last quarter of 2015, the largest decline since 2014...
EUR/USD Waits for Draghi Around 1.0970 EUR/USD has quickly faded yesterday’s bullish attempt to the 1.1040 region, returning to the comfort zone around 1.0970 ahead of the ECB event. EUR/USD looks to Draghi for direction It’s all about the ECB today...
RBNZ: Shock and awe ahead of ECB – TDS Research Team at TDS, notes that the RBNZ unexpectedly cut the Official Cash Rate (OCR) by -25bp to 2.25%. Key Quotes “OIS was 28% priced for –25bp, and only 2/17 analysts expected a cut...
NZ Dollar Extends Slide On Surprise RBNZ Rate Cut The New Zealand dollar weakened against the other major currencies in the Asian session on Thursday after the Reserve Bank of New Zealand lowered its Official Cash Rate to a fresh record low and signaled further easing...
GBP/USD Comatose Around 1.42, Investors Await ECB Rate Decision The GBP/USD pair is trading in the sideways manner around 1.42 handle as investors prefer to be on the sidelines ahead of ECB rate decision due later today. Will he or Won’t he...
FXWIREPRO: New Zealand Dollar Breaks All Key Resistances Against Aussie After Surprise Rate Cut by Rbnz Pair is currently trading at 1.1277 levels. It made intraday high at 1.1282 and low at 1.1224 levels. Intraday bias remains bullish for the moment...
FXWIREPRO: Buy USD/JPY Breakout Above 113.80, Target 114.25 Markets likely calmed by higher than expected Chinese CPI figures, risk-on back. USD/JPY rallied to hit session highs at 113.80, but upside likely struggling at strong trendline resistance (113.80...
EUR/USD: After probing a multi month descending trend and early February lows of 1.08, EUR/USD embarked on a rebound. The recovery seems to be running out of steam as the pair has faced resistance at graphical level of 1.1060/1...
In my new paper on asset allocation I go into quite a bit of detail about why certain asset classes generate the returns they do. Understanding this is useful when thinking in a macro sense and trying to gauge why financial assets perform in certain ways in both the short-term and the long-term...
EUR/USD: Bears Back in Charge Below 1.1000, ECB in Focus The EUR/USD’s recovery beyond 1.10 handle once again fizzled in early trades, and the prices reverted in the negative territory below the last. EUR/USD languishes near lows Currently, EUR/USD drops -0.20% to 1...
Asian Stocks Bounce, Shanghai Unimpressed by CPI The stocks on the Asian bourses rebounded this Thursday, heading for the first gain this week after RBNZ unexpectedly slashed rates, while markets remain expectant of the additional stimulus by the ECB...
Moody's: Impact of Low Oil Prices on Global Corporate Sectors Shifts As Oil Glut Continues The benefits of this prolonged period of very low oil prices are diminishing for some corporate finance sectors or even starting to have a negative impact on others, said Moody's Investors Service...
Nikkei225 Faces Strong Support at 16420, Good to Buy at Dips Major support -16420 ( trend line joining 14770 and 15523) Major Resistance - 17200 The index has recovered after making a low of 16493. It is currently trading around 16784...
Us Oil Breaks Major Resistance $38.40, Targets $41 Major resistance - $38.40 (8th Mar high) Major support - $37 US Oil has broken major resistance $38.40 and jumped till $38. is currently trading around $38.22. Any break above $38.40 confirms minor trend reversal , a jump till $39.70/$41...
Oil Ticks Lower in Asia, WTI Off 2016 Highs Oil benchmarks on both sides of Atlantic are seen consolidating the upside after yesterday’s massive rally, which was backed by a drawdown in the gasoline inventories...
