James Knightley, Senior Economist at ING, reviews BOE’s inflation report, and comments that the central bank has expressed willingness to expand its QE or cut bank rates from current 0.5% level on any downside threat to inflation...
Sean Callow of Westpac, shares that the disappointing Australian jobs data has had the markets pricing in a 25bp cut by the RBA at the March meeting, with probability of easing now standing at 75% from previous 50...
2015-02-12 00:30 GMT (or 02:30 MQ MT5 time) | [AUD - Employment Change] past data is 42.3K forecast data is 5.0K actual data is -12.2K according to the latest press release if actual > forecast (or previous data) = good for currency (for AUD in our case...
FXStreet (Barcelona) - The Research Team at Goldman Sachs explain that BoE has more room than other G10 central banks to look through the temporary fall in headline inflation, and with inflation expectations remaining well anchored UK might see more rate hikes than what is currently priced into t...
Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, shares that the core risk for GBP remains tomorrow’s BOE’s QIR report, with the pair expected to move higher as the market remains prepared for a downgrade to inflation outlook...
As Greece has stepped onto a hard line with the European creditors, the country claims it has other friends, namely, Russia, China and the United States...
On Wednesday PwC issued a report detailing the difficulties facing the UK's oil and gas industry. The company argues that because of the recent drop in oil prices many British oil and gas firms will need to transform the way they operate...
As Greece's debt crisis is flourishing, the future of the euro zone is blurred and Ukranian conflict is escalating, analysts are worried that the global economy is now approaching another deep crisis. In a crisis, you parked your cash in the Swiss franc, or in U.S. Treasury bonds, or in gold...
Gregor Horvat of EW-Forecast, uses Elliott Wave Analysis to predict that AUD/USD could make a move higher before resuming a move lower. Key Quotes “We are wondering if maybe commodity currencies have turned into a larger correction against the USD...
Lee Hardman, Currency Analyst at Bank of Tokyo-Mitsubishi UFJ, notes that the recent comments from Fed member’s has reinforced the expectations for a mid-year rate hike by the Fed...
Analysts at Deutsche Bank see a positive outcome in the debt Greek situation will have to wait for the time being...
According to Westpac, RBA might cut rates by 25bp in its March meeting, with the inflation outlook posing no barrier for any easing. Key Quotes “The RBA confirmed the end of the “ period of stability in interest rates” in Feb with a 25bp cash rate cut, to 2.25...
The eFXnews Team shares Barclays' view that Friday’s speech of RBA Governor Stevens' speech is likely to be dovish, raising the prospects of a further rate cut by the central bank...
Analysts at Kshitij Consultancyshare the technical outlook for AUD/USD. Key Quotes “As it turns out, the intra-day Resistance at 0.7842 mentioned yesterday on the Aussie (0.7775) held well possibly reinforcing the overall downtrend.” “Layers of Resistances coming up overhead now (0.7842, 0...
Camilla Sutton, Chief FX Strategist and Managing Director at Scotiabank noted the forthcoming meeting between Greece's FM and the Eurogroup this Wednesday...
The Bank of Nova Scotia (French: Banque de la Nouvelle-Écosse), commonly known as Scotiabank (French: Banque Scotia), is the third largest bank in Canada by deposits and market capitalization. The following are Scotiabank's latets forecasts (end of period) for major currencies...
The eFXnews Team shares SEB’s intraday outlook for EUR/USD. Key Quotes “Awaiting a 'B-wave' Break (<1.1262). One day older and more wiser...A sub-1.1262 break is needed to fully confirm a correctional peak in place (@1.1534) - and if so another sub-1.11 test would become highly likely...
The single currency remains above the 1.1300 handle during the first half of the week, with the main focus on the Greek developments. Emmanuel Ng, FX Strategist at OCBC Bank, suggested, “Our view remains intact and we expect the EUR-USD to sit precariously on the 1...
GBPCAD is a currency pair that trends in a nice fashion. The pullbacks offer traders a nice place to enter on the longs. In this trade analysis for GBPCAD, we primarily focus on a counter trend trade idea based on the following factors...
Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman, comments that official creditors see Europe better positioned for a Greek exit. Key Quotes “Most observers weighing in on the issue of Greece have emphasized economic and financial linkages...
