Eurozone: What More Can be Done? - BNPP Research Team at BNP Paribas, suggests that despite concerns at the beginning of the year, the effect of financial stress on Eurozone growth should remain contained...
Fed: Speakers Cause More Noise than Data - Investec Research Team at Investec, suggests that last night we saw Federal Reserve Chair Yellen take part in a discussion with former Fed Chairs Bernanke, Greenspan and Volcker...
We have long argued that, with a number of major central banks reaching a lower bound for nominal policy rates, real rates should become key for G10 FX. This is because at the lower bound, non-conventional policies increasingly work through inflation expectations...
ECB Minutes Showed Some Disagreement - Investec Research Team at Investec, suggests that in Europe, some attention was also paid to the release of the ECB minutes from their meeting four weeks ago...
EUR/USD: Neutral: Likely in a broad 1.1330/1.1495 range. EUR touched 1.1453 yesterday but dropped quickly from the high. We continue to hold a neutral view but the shorter-term undertone is not as positive anymore and a clear break below 1...
Commodity Dollars at Risk on Dour Mood Before 1Q Earnings Season Talking Points: Commodity bloc FX recovers, Yen falls as risk appetite firms in Asian trade Quiet economic data docket puts sentiment trends in focus into the week-end Worries about soft 1Q earnings season may unleash renewed risk a...
Pre US Open, Daily Technical Analysis Friday, April 08, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: key resistance at 1.1405. Pivot: 1.1405 Most Likely Scenario: short positions below 1...
USD/JPY Downside is Slowing Down – UOB The research team at UOB Group believes the pair’s downside could run out of steam in the next 1-3 weeks. Key Quotes “When we turned bearish two days ago (see FX Insights on 06 April when spot was at 110...
USD/CAD Off Lows, but Stays Below 1.31 as Oil extends Rally The Canadian dollar reversed more than half of previous losses and now remains strongly bid against its US counterpart in Europe, keeping USD/CAD deep in the red below 1.31 handle. USD/CAD capped below 20-DMA at 1...
EUR/CHF Keeps the Negative Stance – Commerzbank Karen Jones, Head of FICC Technical Analyst at Commerzbank, has reiterated the negative bias around the cross. Key Quotes “EUR/CHF has recently broken down from a triangle, our bias is negative”. “It has reached the 1...
AUD/USD Off Highs, Returns to 0.7540 After advancing to the area of 0.7570, AUD/USD lost upside traction and has returned to the 0.7545/40 band. AUD/USD well supported near 0...
EUR/USD Advances to Highs Near 1.1390 The common currency has reverted the initial negative tone on Friday, now lifting EUR/USD to daily highs around 1.1390. EUR/USD rebounds from 1.1350 After a drop to the mid-1...
USD/JPY Fails to Resist Above 109 Amid Risk-on The bulls face exhaustion in the European session, now pushing USD/JPY back below 109 handle as focus now shifts towards the upcoming Fed speak for fresh cues on the Fed rate hike prospects...
We can state the final formation of signs of the graphic reversal pattern "inverted head and shoulders" in #GPBUSD. Now we are waiting for a breakthrough of its graphic border, which does not exclude our work in the current short-term trend. Find out more by checking out the Source Link...
PBoC Intervention on the Cards? – Danske Bank Sverre Holbek, Senior Analyst at Danske Bank, sees the possibility that the Chinese central bank could act in case of unwelcomed depreciation of the Yuan...
#Quotes of #Gold continues to show no directional dynamics. Frequent changes of sentiments in the financial markets is reflected in the price of this safe-haven asset. It is recommended to consider sales from the upper boundary of the channel. Find out more by checking out the Source Link...
GBP/USD Tests 1.4100 on UK Data The British pound has abandoned the area of daily peaks vs. the dollar, with GBP/USD wobbling around 1.4100 following UK’s releases. GBP/USD bid despite poor data Spot has retreated from session highs near 1...
EUR/GBP Attempts Recovery After Weak UK Data The recovery in the EUR/GBP pair is gathering pace after the UK trade deficit figure printed higher than estimates, while manufacturing production contracted sharply. Trades around 0.8070 The cross hovers around 0.8070 from the pre-data level of 0...
