Brexit Scenarios: The Good, the Bad and the Ugly – HSBC Simon Wells, Chief UK Economist at HSBC, suggests that armed with a measure of uncertainty, its potential impact on GDP and what the policy response might be, they outline three ways in which the economy might be impacted in the event of a v...
Negative Interest Rates: The world Turned Upside Down Research Team at NAB, suggests that the latest ECB move highlights negative interest debate...
EUR/USD: U-turn, After Draghi Suggested Little Scope for Further Action Sean Callow, Research Analyst at Westpac, notes that the EUR/USD dropped about 1.5 cents in response to the ECB’s various easing measures but later reversed sharply, surging 4 cents to above 1...
NZ Dollar Advances Against Majors The New Zealand dollar weakened against the other major currencies in the Asian session on Friday. The NZ dollar rose to a 2-day high of 1.1145 against the Australian dollar, from yesterday's closing value of 1.1174. Against the U.S...
Draghi Delivers, but Now What? Research Team at BBH, notes that the Draghi delivered as he managed to get approval for everything. Key Quotes “Rate cuts, acceleration of purchases, including corporate bonds to the purchase program and new long-term repos were announced...
AUD/USD: Bulls Struggling to Take-out 0.7500 Amid Higher commodities The overnight recovery in the AUD/USD pair gained further traction over the last hour, as improved risk sentiment on rebounding oil prices underpins the Aussie. AUD/USD re-attempts 0.7500 Currently, the AUD/USD pair rallies 0...
NZD/USD Extends Gains Alongside Oil, Tests 0.6700 The NZD/USD pair extends its upbeat momentum into a second day this Friday, with the bird positively impacted by more stimulus unveiled by the RBNZ and ECB the day earlier. NZD/USD hovers around hourly 50-SMA Currently, the NZD/USD pair advances 0...
Asian Stocks Drops as Draghi Fails to Lift Sentiment The sentiment on the Asian markets remained largely subdued so far this session, with most Asian indices swinging lower as Draghi’s no further rate cut stance overshadows the ECB stimulus-led optimism...
USD/JPY Recovery Remains Capped below Hourly 200-SMA The bulls appear to have given up in the Asian trades this Friday, after having several attempts to break above the stiff resistance placed just shy of hourly 200-SMA at 113.40...
AUD/CHF Deeper Sell-Off to Offer Favorable Entries Talking Points AUD/CHF posts outside-day reversal off December high Immediate focus lower- broader bullish invalidation 7060 Updated targets & invalidation levels...
Pivot Points-Daily Last Updated: Mar 11, 2:15 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.02783 1.06748 1.09254 1.10713 1.13219 1.14678 1.18643 USD/JPY 109.698 111.541 112.333 113.384 114.176 115.227 117.07 GBP/USD 1.38348 1.40356 1.41553 1.42364 1.43561 1.44372 1.4638 USD/CHF 0.93501 0...
The main event today is of course the ECB meeting. I wrote an extensive piece (available in the Special Reports section of the FXPRIMUS website) that I presented as a webinar (also available on the web...
The European Central Bank cut all three of its interest rates and expanded its asset-buying program on Thursday, delivering a bigger-than-expected cocktail of actions to boost the economy and stop ultra low inflation becoming entrenched...
The European Central Bank (ECB) delivered a surprise package of measures to kickstart Europe's economy on Thursday, cutting its main interest rates and expanding its massive bond-buying program...
European Economics Preview: ECB Likely To Cut Deposit Rate Further The European Central Bank is set to announce its interest rate decision later today. The bank is expected to cut its deposit rate further into negative territory, while keeping the refi rate unchanged...
EUR/GBP Rangebound Near 0.7730 Ahead of ECB The usual lull pre-ECB meeting has taken over sentiment ahead of the European open on Thursday, leaving EUR/GBP to navigate the 0.7730 area...
