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GBP/USD Faces Strong Resistance Around 1.4250, Break Above Targets 1.4320/1.4360 Candle stick Pattern Formed- Hammer Potential Reversal Zone (PRZ) – 1.4250 The pair has recovered after making a low of 1.4170 level. It is currently trading around 1.42286...
USD/JPY has made some steady gains in early London, having based out around 111.25-30 levels to generate tentative gains to around 111.60 so far. Overnight highs at 111.80 are the immediate target here, and we are hearing some bullish calls being made here, which we can concur with to a degree...
German Bunds Rally After ECB Qe Boost Kicks In The German 10-year bund prices rallied for 4 consecutive weeks on Monday after the European Central Bank’s expanded bond buying programme kicked in on Friday...
Russian Bonds Slump on Tracking Weak Oil Prices The Russian bonds declined, pushing the yield on 10-year bonds up 3 bps to 9.19 pct, tracking weak crude oil prices on Monday. Moreover, Brent crude oil, a global benchmark for Russia's main export, was down 0.34 pct at $38.55 a barrel...
Poor Australia Retail Sales Data Fuels Rba Rate Cut Bets Australian retail sales data disappointed for the third consecutive month and momentum has clearly slowed in the past three months. Data released earlier today showed Australia's Feb retail sales came at 0.0% m/m missing expectations for 0...
Euro Zone Bond Rally Continues With ECB in the Market From last Friday onwards, European Central Bank (ECB) is in the bond market with additional firepower and on average, from now on it will be purchasing almost €4 billion worth of bonds, every trading day...
GBP/USD Off Highs, Around 1.4225, US Data Eyed The GBP/USD pair faded a spike to 1.4240 levels and reverted to the familiar range around 1.4225 region as markets continue to digest the UK construction PMI report. GBP/USD capped below 10-DMA The GBP/USD pair trades modestly flat at 1...
FXWIREPRO: EUR/SEK Fails to Break Key Resistance at 9.2676, Good to Sell on Rallies EUR/SEK is currently trading around 9.2570 levels. It made intraday high at 9.2651 and low at 9.2321 levels. Pair fails to break key resistance at 9.2676 and supported below 9.2600 marks...
USD/JPY traded lower this week after dovish comments from Yellen triggered another bout of broad USD weakness. Domestic data releases have had little impact on the pair recently, with relative rate spreads and the improvement in risk sentiment having been the key drivers...
UK CFOs see Brexit as the Greatest Short-term Risk for Businesses - Deloitte According to the latest Deloitte CFO survey published on Monday, UK large firms see Brexit risks as the biggest hurdle to investments, while a majority of the CFOs believes Britain should hold EU’s membership...
The recent rally in the AUD has coincided with a rally in commodities, most notably in the oil and iron ore markets. However, we think that the move in the AUD is more likely reflective of a shift in broader themes, rather than a currency reaction to stronger commodity prices...
It Seems Oil Has Bottomed Out in the Mid-$20.00s – Rabobank According to Strategist at Rabobank Christian Lawrence, the barrel of crude oil could have bottomed in recent lows in the mid-$20.00s...
The Fed’s shift toward a more growth-friendly stance ought to be helpful in mitigating the downside risks to the world economy in the near-term. We had previously articulated that there was a more than a one-in-two chance of a global recession in the period immediately ahead...
The Canadian economy got off to a roaring start to 2016 as GDP grew by as much in one month as it did over the whole of 2015. But while it’s certainly true that the worst is behind us, there’s also good reason not to get too carried away and expect the strong growth to continue...
USD/CHF Regains 0.9600 and Above The greenback is recovering ground lost today, now pushing USD/CHF back above the 0.9600 handle. USD/CHF rebounds from 0.9550 Spot has found some traction after Friday’s multi-month troughs in the 0.9550 area, advancing to daily highs above the key 0...
Weekly Review The main news of the last week was a speech by Janet Yellen, the head of the US Fed...
EUR/JPY – Bears Attack Bids at 50-DMA Common currency is losing ground in Europe on dovish comments from ECB’s policymaker, with EUR/JPY attempting to chew through bids around 50-DMA located at 126.78. Rejected at 5-DMA The cross was rejected at 5-DMA of 127...
GBP/USD Rangebound Between 1.4050-1.4450 – UOB In view of the research team at UOB Group, the GBP/USDpair could extend its consolidative pattern in the next 1-3 weeks. Key Quotes “The break of the 1.4250 support last Friday indicates that the recent upward pressure has eased”...
EUR/USD Extends Losses on Praet’s Comments & Turnaround in Stocks The offered tone around EUR strengthened on ECB’s Praet’s dovish comments and turnaround in stocks, pushing the EUR/USD pair to a session low of 1.1365 levels...