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NZD/USD: NZD is Under Pressure On Wednesday the largest dairy company of New Zealand “Fonterra” reported the rise in net profit, which was 409 million NZD in the past 6 months compared to 184 million NZD for the previous period. However, this news did not boost the rise in the NZD...
Currency
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Roberto Jacobs, 23 March 2016, 19:07 #nzdusd
Brent: The Price is at the Resistance Level of 41.50 Since the beginning of the trading week the price of crude oil Brent has been in the narrow channel at resistance level of 41.50 (ЕМА144 on the daily chart). Trading volume is low...
Crude Oil
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Roberto Jacobs, 23 March 2016, 19:02 #Brent
Oil prices picked up after Genscape reported on the first draw in Cushing stocks since January. Gold, copper prices faded amid poor liquidity Continue Reading...
Crude Oil
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Seth Dompreh, 23 March 2016, 16:10
GBPJPY continues to trade within a descending technical formation with the pair testing support at 158.48. Here are the updated targets & invalidation levels ...Continue Reading...
Currency
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Seth Dompreh, 23 March 2016, 16:07
Many will think that it may be odd to contemplate the consequences of interest rates rising when all we hear points towards further procrastination by central banks, with some going even further and dipping their toes into the unorthodox water of negative interest rates...
Market News
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Francis Dogbe, 23 March 2016, 15:47
The USDOLLAR Index has rallied everyday this week, but if it wants to rally further, it's going to need to clear out a recent swing level just overhead. Continue Reading...
Currency
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Seth Dompreh, 23 March 2016, 15:46
Bitcoin is the most popular virtual currency yet developed. Proponents assert that bitcoin can remove frictions involved in payment and settlement systems by eliminating the need for the financial intermediaries that exist in traditional currencies...
Currency
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Francis Dogbe, 23 March 2016, 15:35 #bitcoin
European Economics Preview: Swiss ZEW Economic Sentiment Data Due Economic confidence and economic forecast reports from Switzerland are due on Wednesday, headlining a light day for the European economic news. At 3...
Market News
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Roberto Jacobs, 23 March 2016, 09:11
NZD: Scope for Short-term Rates to Move Lower Over Time - ANZ Research Team at ANZ, suggests that with the market not fully pricing in the 50bps of RBNZ cuts they expect over 2016, there is scope for short-term rates to move lower over time...
Currency
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Roberto Jacobs, 23 March 2016, 08:53
ECB: Less Focus on Rates, More on Volumes – Rabobank Research Team at Rabobank, notes that the ECB announced a comprehensive easing package on 10 March, including a 10bp deposit rate cut, new 4-y TLTROs and an expansion of QE by EUR20bn to EUR80bn a month, with IG non-bank corporate sector bonds...
Market News
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Roberto Jacobs, 23 March 2016, 08:51 #ECB
USD/CAD Upside Capped Around 1.3100 The Canadian dollar is giving away part of the recent gains vs. its neighbor on Wednesday, with USD/CAD trading on a firm note near 1.3080...
Currency
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Roberto Jacobs, 23 March 2016, 08:47
Currency Truce and Polanyi’s Paradox – SocGen Research Team at Societe Generale, notes that the term ‘Currency Wars’ was used by Brazil’s erstwhile Finance Minister, Guido Mantega, in September 2010 in response to moves by some (Asian) countries to resist upward pressure on their currencies from...
Market News
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Roberto Jacobs, 23 March 2016, 08:45
Pivot Points_Daily Last Updated: Mar 23, 10:15 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.1077 1.11487 1.11819 1.12204 1.12536 1.12921 1.13638 USD/JPY 109.83 110.944 111.635 112.058 112.749 113.172 114.286 GBP/USD 1.38492 1.40562 1.41299 1.42632 1.43369 1.44702 1.46772 USD/CHF 0.96202 0...
Market News
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Mohammed Abdulwadud Soubra, 23 March 2016, 08:27
Pivot Points-Hourly Last Updated: Mar 23, 10:15 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.11667 1.11819 1.1187 1.11971 1.12022 1.12123 1.12275 USD/JPY 112.143 112.241 112.296 112.339 112.394 112.437 112.535 GBP/USD 1.4147 1.41668 1.41759 1.41866 1.41957 1.42064 1.42262 USD/CHF 0.97268 0...
Market News
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Mohammed Abdulwadud Soubra, 23 March 2016, 08:25
ECB Speakers in Focus Today – Danske Bank Research Team at Danske Bank, suggests that a few ECB appearances scheduled with both Lautenschlaeger and Weidmann set to speak today...
Market News
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Roberto Jacobs, 23 March 2016, 08:24 #ECB
BOJ's Funo - Next Easing May Not be a Rate Cut Bank of Japan board member Yukitoshi Funo was back on the wires stating the next policy easing may not necessarily be a rate cut...
Market News
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Roberto Jacobs, 23 March 2016, 07:29
Bangladesh Bank Weighs Lawsuit Against NY Fed Over Hack Dhaka: Bangladesh's central bank has hired a US lawyer for a potential lawsuit against the Federal Reserve Bank of New York after hackers stole US$81 million from its account with the NY Fed, according to an internal report by the Bangladesh...
Market News
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Roberto Jacobs, 23 March 2016, 06:43
China: Not Engaging in Currency War - ING Prakash Sakpal, Economist at ING, suggests that their baseline is that the PBOC continues to manage the fixing “with reference to a basket of currencies” and their yearend USDCNY forecast is 6.65...
Market News
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Roberto Jacobs, 23 March 2016, 06:27 #China
Turkey: Security Threats and Policy Uncertainty Call for Bearish Outlook - TDS Cristian Maggio, Head of Emerging Markets Strategy at TD Securities, notes that the Turkey suffered a sixth deadly attack on 19 March, the second in Istanbul this year...
Market News
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Roberto Jacobs, 23 March 2016, 05:58
Eurozone: Better than Expected Flash PMIs - BBH Research Team at BBH, notes that the flash PMI from the euro area was slightly better than expected. Key Quotes “The preliminary March manufacturing reading was 51.4. This is in line with expectations and a little higher than the 51.2 in February...
Market News
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Roberto Jacobs, 23 March 2016, 05:53