Research Team at Goldman Sachs, suggests that the BoJ’s negative rate policy is distinguished by the ‘variable’ tiered reserve system, in which the amount of banks’ current account balances at the BOJ remunerated by zero interest rate (so-called macro add-on balance) increases as QQE increases th...
BofA state that the freeze in output by OPEC, strong driving season, easy money and declining US shale production should see WTI reach USD 47/bbl by June *Bank of America (abbreviated as BoA) is an American multinational banking and financial services corporation headquartered in Charlotte, North...
Copy from FPA. Stay safe from these scammers. The wheels of justice are slow, but I think they are showing signs of speeding up. Not only is the CFTC filing charges, but the details published show larger cooperation in the efforts to deal with binary scammers...
After the volatility in the wake of the unexpectedly dovish FOMC decision, the dollar is beginning to claw back some of the recent losses as markets look to settle down a touch...
According to the research team at UOB Group, the outlook on the Aussie dollar points to further gains on a close above 0.7620. “As mentioned yesterday, a daily closing above 0.7620 would indicate a resumption of the bullish AUD trend (neutral only for one day)”. “The target from here is at 0.7740...
Calculated level for today: Support (S1 / S2 / S3 = 1254,67 / 1250,78 / 1244,48), resistance (R1 / R2 / R3 = 1267,27 / 1271,16 / 1277,46). Key support levels (1st from 1244.03 to 1256.33 at the end of the day, the 2nd ox 1243.60 to 1248.56...
Sharon Zollner, Senior Economist at ANZ, notes that the NZ jobs ads bounced back a little in February after a sharp January fall. “The lift is welcome, but it’s demure considering last month’s fall. Job ads lifted 0.9% in February (seasonally adjusted) after dropping 2.9% the previous month...
Research Team at BBH, suggests that the comments by the ECB's Draghi and Praet may have encouraged consolidation in the euro ahead of the weekend. “While acknowledging limits to what monetary policy can achieve, the idea is that the ECB is prepared to do more if necessary...
Piotr Matys, FX Strategist at Rabobank, suggests that while EUR/USD maintained upside momentum and appreciated beyond the 1.13 level, the potential increased monetary policy divergence between the ECB and the Feb is still a valid argument in favour of a weaker EUR/USD...
Derek Halpenny, European Head of GMR at MUFG, suggests that the dramatic jump in the ‘Philly Fed’ manufacturing index was certainly eye-opening and the scale of rebound in the main index (from -2.8 to 12...
The research team at UOB Group argued that USD/JPYfaces further pullbacks towards the 110.00 area. “While the month neutral consolidation is likely over, the decline in USD has been more rapid and aggressive than expected which mean we may have missed a bulk of the move”...
Research Team at Deutsche Bank, suggests that as expected we saw no change in BoE policy after a unanimous confirmation vote of 9-0...
The Bank of England's March decision has proved to be a positive for pound sterling which has advanced against the euro and US Dollar and keeping alive the prospects of better rates ahead. GBP/USD intra-day pullbacks should be limited to the 1.44/1...
Derek Halpenny, European Head of GMR at MUFG, notes that the minutes from the BOJ monetary policy meeting on 29th January were released in Tokyo today and the details reveal that the BOJ staff had presented two options on policy easing – 1) an expansion of QQE and 2) a cut in the interest rate on...
Research Team at Deutsche Bank, suggests that doing little to hurt matters was further evidence of an improving US manufacturing sector yesterday...
Derek Halpenny, European Head of GMR at MUFG, suggests that from the low on Wednesday to yesterday’s high, the pound advanced by 3.2% versus the US dollar as broader risk sentiment improved and the dollar weakened on the back of the FOMC announcements on Wednesday evening...
Research Team at Investec, notes that the Pound hit one month highs against the US Dollar yesterday trading back up to 1.4500 after the pair's recent foray under 1.4000...
Bert Colijn, Research Analyst at ING, notes that the growth in labour costs in the Eurozone increased modestly to 1.3% y-o-y in the fourth quarter of 2015. “Even though this is a 0.2 percentage point improvement from Q3, it still leaves growth well below the 1...
Calculated level for today: Support (S1 / S2 / S3 = 41,12 / 40,84 / 30,39), resistance (R1 / R2 / R3 = 42,01 / 42,29 / 42,73). Key support levels (1st from 39.84 to 40.33 at the end of the day, the 2nd of 39.70 to 40.13...
