The pound to euro exchange rate (GBP/EUR) has bounced off recent lows thanks to a positive view on the outlook contained in the Bank of England’s March policy meeting minutes...
Societe Generale downgraded Banco Santander to Sell saying decreasing profitability in key markets puts the company's fully-loaded Core Tier 1 ratio target at risk. The firm cut its price target for the shares to EUR 4.0 from EUR 4.2. *Société Générale S.A...
In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the Aussie dollar could slip towards the 0.7520/0.7415 area. “AUD/USD’s move higher has reached the 61.8% retracement at 0.7650/52 and we notice the 13 count on the daily chart and some caution is necessary...
In view of the research team at UOB Group, the upside momentum in GBP/USD could extend towards 1.4570. “As mentioned in the 24-hour view, we clearly did not anticipate GBP to stage such a remarkable rally in such a short period of time (swinging from a low of 1.4053 on Wednesday to a high of 1...
More short-term USD weakness. "The dovish Fed – discouraging USD bulls – has led to a de-positioning move supporting the once shunned currencies. GBP, AUD and many emerging market currencies fall into this category...
Changing the Market Thinking We’ve seen a change in the tone to FX markets this week, with the dollar index moving to new lows for the year, and is now down a cumulative 5% since the start (calculation helped by close at 100.0...
The USD index is creeping higher, and although we sense some small correction is in the making, it is unlikely to develop into a significant move higher, though in the case of USD/JPY, yesterday’s ‘presence’ of the BoJ gave the lows a bid, so some consolidation above 111...
Dirk Schumacher, Research Analyst at Goldman Sachs, notes that the SNB, as widely expected, left policy rates unchanged at its March policy meeting...
Prime Minister Davutoglu will be in Brussels today to discuss with the EU’s leaders a deal on Syrian refugees. Turkey’s proposal (which was delivered to the EU on 7 March) comprised an offer for more help to the EU in exchange for an additional €3...
The research team at UOB Group sees the pair could attempt a visit to the vicinity of the 1.1500 handle. “The up-move in EUR has been more impulsive than expected as we approach the 1.1375 high seen last month”. “Above this level would open up the way for a move to the Oct 2015 high of 1.1495...
Today’s rate-setting meeting may bring an unexpected policy rate cut, but we still expect the central bank (CBR) to stay on hold. The decision will be revealed at 10:30 a.m. London time...
S&P will review Hungary’s sovereign credit rating today. The agency currently rates Hungary’s long-term hard currency debt at the sub-investment grade rating of BB+ with a stable outlook...
EUR/USD has come under increasing selling pressure following the opening bell in Euroland, with gains so far capped in the low-1.1300s for the time being...
Cable is looking a little tired at the highs, with 1.4500 having provided very strong offers yesterday – a number of attempts in both London and NY failing to breach this level...
Analysts at JP Morgan lower their USD/JPY end-2016 forecast to 103 (Prev. forecast 110) *JPMorgan Chase & Co. is an American multinational banking and financial services holding company headquartered in New York City...
On Friday the U.S. #dollar is gradually recovering versus other #currencies. Recall that the dollar was knocked down with the results of the #Fed meeting on Wednesday. However, today, #investors are tempering justice with mercy, and the "greenback" is rising again...
FXWIREPRO: EUR/JPY Extends Decline After Rejection a Falling Trendline Resistance EUR/JPY is extending decline on the day after seeing rejection at strong trendline resistance on Thursday's trade. Pair has been rejected multiple times at trendline since Mar 11th trade...
The current theme on the market is to sell USD’s, but after some heavy losses in the wake of the FOMC, we may see some moderation set in, especially ahead of the weekend. All the major pairings are losing a little traction, and even USD/JPY looks to have moderated since the 111...
Technical Analysis of USD/CHF for March 18, 2016 USD/CHF is expected to trade in a lower range and continue its downside movement. The pair is heading downward, capped by its falling 50-period moving average. Currently trading at 0...
