The market was disappointed on ECB with a simple deposit rate cut and six month QE extension with no increase in the pace of asset purchases: the EUR promptly rallied 2% as a result expecting more great movement during FOMC meeting for example...
EUR/GBP is trading on a weaker footing at the beginning of the week following the soft performance of the common currency. EUR/GBP eyes on Carney After the recent test of fresh highs in the 0.7250 area, the European cross has sparked a leg lower to the current 0...
Previous week can be considered one of the most rewarding one in 2015, as there were many interesting #events in the #financial world. Let's take a brief summary of this week, which every #trader should know. Find out more by checking out the Source Link...
Imre Speizer, Senior Markets Strategist at Westpac, suggests that the NZD/USD broke above its 0.6430-0.6600 range last week, and now looks destined for the 0.68-0.69 area during the weeks ahead...
Research Team at ANZ, expects the RBNZ to leave the OCR at 2.75%, a view that puts us out of consensus. Key Quotes “The crux of our view is simply that the economy is clearly improving and the terms of trade hit is less dire than the RBNZ assumed...
According to the latest Reuters poll, majority of the economists expected the BOJ's next policy move would be to boost its stimulus measures, but they were split over the likely timing for the next easing - favoring either January or April...
Muhammet Mercan, Chief Economist at ING, notes that the Turkish CPI increased by 0.67% MoM in November, higher than the consensus at 0.46%, pulling annual inflation up markedly to 8.10% from 7.58%. Key Quotes “Negative base effects also contributed to the higher inflation...
Research Team at HSBC, suggests that a cut is likely from RBNZ in this week’s monetary policy meet or soon after. Key Quotes “When it comes to the next RBNZ rate cut, the question is not if they will cut, but when? The main concern is that inflation remains well below target...
To the upside, the next resistance is located 1.0000 (round number) levels and above which it could extend gains to 1.0025 (1h 50-SMA). To the downside, immediate support might be located at 0.9944 (50-DMA) and below that 0.9909 (Dec 4 low...
USD/CHF extends its recovery mode from post-ECB slump and now heads higher in a bid to regain 1.00 handle on improved risk-sentiment backed by positive equities. USD/CHF hovering around hourly 20-SMA Currently, the USD/CHF pair trades 0.18% higher at 0...
Gold Technical Levels: The metal has an immediate resistance at 1088.80 (Dec 4 High) and 1092.40 (Nov 16 High). Meanwhile, the major support stands at 1080 (round number), below which doors could open for 1076.05 (1h 20-SMA...
The yellow metal clings to Friday’s gains at the beginning of the week, although retraced slightly from fresh two-week highs reached at 1088.80 on last Friday. Gold: Upside capped ahead of $ 1086 Currently, gold trades modestly flat at 1084.30, retreating from session highs scored at 1086.10...
NZD/USD Levels to consider To the upside, the next resistance is located at 0.6732/35 (daily pivot/ 1h 10-SMA), above which it could extend gains to 0.6784 (200-DMA) levels. To the downside immediate support might be located at 0.6683 (1h 50-SMA) below that 0.6648 (50-DMA...
NZD/USD is seen posting size-able losses as we progress towards the mid-Asian trades, and is likely to emerge the worst performer this session. NZD/USD trades below daily pivot Currently, the NZD/USD pair trades -0.52% lower at fresh session lows at 0.6709, failing to resist 200-DMA at 0.6784...
Bank of Japan (BOJ) board member Mr. Takehiro Sato is now crossing the wires; casting doubts over the central bank’s 2% price target expected to be achieved by second half 2016...
The pair remains capped below 1.09 handle, with the immediate support seen at 1.0842/ 1.0838 (Nov 4 Low/ 5-DMA). Selling pressure will intensify below the last, dragging the pair towards 1.0817 (1h 50-SMA). To the top side, the next hurdle in sight is located at 1...
Currently, the EUR/USD pair trades -0.10% lower at 1.0869, testing fresh session lows struck at 1.0865 last minutes. The main currency pair’s correction from near post-ECB highs halted at 5-DMA at 1...
GOLD: With the commodity rejecting lower level prices to close strongly higher the past week, GOLD bulls aim at higher prices.However, beware of a corrective pullback at ahead of its resistance at the 1098.09 level. Above here if seen target the 1110.00 level where a break will aim at the 1120...
07.12.2015 00:00Foreign Trade (October) Currency: RUB, Importance: Low...
After breaching below the flag formation, EUR/USD has retested March lows of 1.05/1.04 which more importantly correspond with the multi decadal channel lower limit, notes SocGen. "Currently a sharp rebound is being witnessed however signs of reversal still lack...