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Stronger than expected core inflation numbers for the final quarter of 2014 have helped to quash rumours that the RBA may cut the OCR at its monetary policy meeting next Tuesday, sparking a rally in the Australian dollar. AUDUSD jumped through 0...
The Dow Jones FXCM Dollar Index (ticker = USDollar) notched its first two-day decline in seven weeks with Tuesday’s close. However, that shouldn’t be taken as a particularly ominous sign...
On Tuesday U.S. stocks closed more than 1 percent lower as disappointing results from a number of leading companies pointed to weakening conditions, while an unexpected decline in durable goods orders also pressured the positive sentiment...
With market focus largely on the European Central Bank so far in 2015, the Fed has found itself playing second fiddle. And it is highly unlikely that we will hear anything from the Fed tomorrow to steal the spotlight back from Frankfurt...
A brief update in regards to client equity and withdrawals: As of Thursday, 22 Jan 2015 100% of pending withdrawal requests were processed amounting to 93% of the $1.954M in client equity held by Global Brokers NZ Ltd (GBL...
Australia's Q4 core CPI number surprised to the upside, against the widely-held belief that the recent disinflationary trend would continue, adding to the case of the RBA potentially holding to its neutral bias in the months to come, given the relatively firm outlook in prices...
Today’s surprise policy easing from the MAS is likely to reinforce the underperforming trend in the SGD, notes Jonathan Cavenagh, FX Strategist at Westpac, adding that higher levels in USD/SGD are likely to materialise between now and the next policy announcement in April...
According to Yujiro Goto, FX Strategist at Nomura, the slowdown in Japanese inflation may continue for the time being, putting pressure on the BOJ to ease further...
Imre Speizer, FX Strategist at Westpac, expects the RBNZ to shift from a tightening bias to a neutral one, adding that markets are already well ahead of the game and unlikely to be moved. Key Quotes "We expect the RBNZ to shift from an explicit tightening bias to a neutral one...
US DOLLAR TECHNICAL ANALYSIS Prices put in a Shooting Star candlestick pattern below multi-year resistance, hinting a pullback may be ahead. A daily close below the 23.6% Fibonacci expansion at 11772 exposes the resistance-turned-support at 11715, the January 8 high...
Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications (New York Institute of Finance) by John J. Murphy John J. Murphy has now updated his landmark bestseller Technical Analysis of the Futures Markets, to include all of the financial markets...
NZD/CAD: Holding to the Longs The pull back last week in the pair offered a good opportunity to step in. For that reason positions have been opened for this pair based on the analysis described in my article Weekly Review Strategy Wk03...
For the January employment report, scheduled for release on Friday, February 6, Barclays is looking for nonfarm payrolls to rise by 250k and private payrolls to expand by 240k. "The difference is government payrolls, which we expect to increase by 10k...
Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank explained the outlook forGreece and Russia remain core risks to EUR paths. Key Quotes: "EUR is struggling to retrace recent weakness, into the NA open it is up 0.3%, having retraced 1.6% from its low yesterday of 1.1098...
The shared currency is closing another day of gains, with EUR/USD now inching higher towards the 1.1370/75 band. EUR/USD eyes on the FOMC The bid tone around the EUR remains well and sound at the end of the NA session on Tuesday, while markets get ready for the key FOMC meeting due tomorrow...
U.S. stocks tumbled on Tuesday, with Microsoft and Caterpillar shares down sharply after quarterly results, while an unexpected decline in durable goods orders also weighed on sentiment...
US DOLLAR TECHNICAL ANALYSIS Prices are testing pivotal resistance marked by a peak dating back to March 2009. This barrier is reinforced by the 38.2% Fibonacci expansion at 11888, with a break below that on a daily closing basis exposing the 50% level at 11983...
EUR/USD rose briefly above the 1.1400 level and reached its highest level in 5 days as disappointing US durable goods orders added pressure on an already weakened greenback...
Risk sentiment was stable in Asian hours, with US stock futures trading broadly flat at the time of writing. In G10 FX the JPY was among the strongest currencies. According to Japan government adviser Itoh, the JPY is likely to appreciate due to very strong anti-deflation policies...
Syriza leader Alexis Tsipras campaigned on renegotiating Greek debt repayment terms but the job may already be done. Italy’s La Repubblica newspaper reports that EU and Greek officials had already agreed to push back the debt repayment schedule and lower the interest rate of loans...
