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According to the latest Reuters poll, majority of the economists expected the BOJ's next policy move would be to boost its stimulus measures, but they were split over the likely timing for the next easing - favoring either January or April...

Muhammet Mercan, Chief Economist at ING, notes that the Turkish CPI increased by 0.67% MoM in November, higher than the consensus at 0.46%, pulling annual inflation up markedly to 8.10% from 7.58%. Key Quotes “Negative base effects also contributed to the higher inflation...

Nothing of relevance to be reported on the EUR calendar today except for the German industrial production and Eurozone Sentix investor confidence data. Germany will report the results of industrial production in October, with 0.7% growth seen month-on-month, compared to the 1...

Carsten Brzeski, Chief Economist at ING, notes that a small cut of the deposit rate and an extension of QE at least until March 2017 is the outcome of latest ECB meeting and the markets reacted disappointed. Key Quotes “Santa Mario did not turn into the Grinch, the Christmas monster...

The price is located below Ichimoku cloud for the primary bearish area of the chart with the secondary ranging within the following key reversal s/r levels: 42.16 support level located far below Ichimoku cloud in the primary bearish area of the daily chart, and 50...

Research Team at ANZ, notes that the ECB forecast that HICP inflation will rise by a modest 1.0% in 2016 (1.1% forecast in September) and 1.6% in 2017 (1.7%). Key Quotes “Inflation will pick up early next year owing to base effects. Real GDP growth is projected to rise by 1.7% in 2016 (1...

Research Team at HSBC, suggests that a cut is likely from RBNZ in this week’s monetary policy meet or soon after. Key Quotes “When it comes to the next RBNZ rate cut, the question is not if they will cut, but when? The main concern is that inflation remains well below target...

Michael Every, Research Analyst at Rabobank, suggests that it was hardly a surprise that on Friday Mr...

Bank of Japan (BOJ) Governor Kuroda is now speaking at Paris Europlace Financial Forum in Tokyo, praising the central bank QQE program while also comments on the regulatory reforms in the financial sector...

Sean Callow, Research Analyst at Westpac, notes that the FX and bond markets were very volatile on the stronger than expected US jobs data, with USD and US yields struggling to post net gains, despite the strong rise in equities...

To the upside, the next resistance is located 1.0000 (round number) levels and above which it could extend gains to 1.0025 (1h 50-SMA). To the downside, immediate support might be located at 0.9944 (50-DMA) and below that 0.9909 (Dec 4 low...

USD/CHF extends its recovery mode from post-ECB slump and now heads higher in a bid to regain 1.00 handle on improved risk-sentiment backed by positive equities. USD/CHF hovering around hourly 20-SMA Currently, the USD/CHF pair trades 0.18% higher at 0...

Asian markets kicked-off the week on a stronger note, tracking Friday’s Wall Street rally after upbeat US NFP data buoyed market sentiment. The US NFP report showed that 211k new jobs were created last month, beating expectations of a 200k print...

Analysts at BBH noted that OPEC(Organization of the Petroleum Exporting Countries) did nothing, and by doing nothing, the current strategy of trying to force out high-cost producers continues. Key Quotes: "If anything, OPEC seemed to legitimize the current output above the previous quota...

Gold Technical Levels: The metal has an immediate resistance at 1088.80 (Dec 4 High) and 1092.40 (Nov 16 High). Meanwhile, the major support stands at 1080 (round number), below which doors could open for 1076.05 (1h 20-SMA...

The yellow metal clings to Friday’s gains at the beginning of the week, although retraced slightly from fresh two-week highs reached at 1088.80 on last Friday. Gold: Upside capped ahead of $ 1086 Currently, gold trades modestly flat at 1084.30, retreating from session highs scored at 1086.10...

Additional headlines from BOJ board member Mr. T...

NZD/USD Levels to consider To the upside, the next resistance is located at 0.6732/35 (daily pivot/ 1h 10-SMA), above which it could extend gains to 0.6784 (200-DMA) levels. To the downside immediate support might be located at 0.6683 (1h 50-SMA) below that 0.6648 (50-DMA...

NZD/USD is seen posting size-able losses as we progress towards the mid-Asian trades, and is likely to emerge the worst performer this session. NZD/USD trades below daily pivot Currently, the NZD/USD pair trades -0.52% lower at fresh session lows at 0.6709, failing to resist 200-DMA at 0.6784...

Bank of Japan (BOJ) board member Mr. Takehiro Sato is now crossing the wires; casting doubts over the central bank’s 2% price target expected to be achieved by second half 2016...