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NORWAY C.BANK SURVEY: ACCORDING TO REGIONAL NETWORK CONTACTS, OUTPUT HAS INCREASED SOMEWHAT OVER THE PAST THREE MONTHS. DEVELOPMENTS HAVE BEEN SLIGHTLY STRONGER THAN CONTACTS EXPECTED IN MAY...
NORWAY C.BANK SURVEY: CONTACTS CONTINUE TO REPORT THAT LABOUR SUPPLY IS AMPLE. CONTACTS REPORT THAT THAT THE LEVEL OF EMPLOYMENT HAS REMAINED APPROXIMATELY UNCHANGED, BUT THEY EXPECT A SLIGHT RISE OVER THE NEXT THREE MONTHS...
RUSSIA-U.S. AGREEMENT ON SYRIA TO BE IN FOCUS AT TALKS BETWEEN RUSSIAN DEPUTY FOREIGN MINISTER BOGDANOV AND HIS IRANIAN COUNTERPART ANSARI - RIA CITES RUSSIAN MINISTRY...
NORWAY C.BANK SURVEY: EXPECTATIONS THAT THE DECLINE IN ACTIVITY IN THE OIL INDUSTRY WILL MODERATE ARE CONTRIBUTING TO THE IMPROVED PROSPECTS. CONTACTS EXPECT THAT DEMAND FROM THE PUBLIC SECTOR WILL CONTINUE TO INCREASE...
NZD/USD intraday bias lower, finds strong support by 20-DMA at 74.28. Techs are bearishly aligned, RSI is biased lower, Stochs show bearish rollover from overbought zone. MACD line is on the verge of bearish crossover on signal line. Break below 20-DMA should be a good shorting opportunity...
NORWAY C.BANK SURVEY: PROSPECTS HAVE BEEN ADJUSTED UPWARD SINCE THE PREVIOUS SURVEY, AND CONTACTS EXPECT MODERATE OUTPUT GROWTH OVER THE NEXT SIX MONTHS...
NORWAY C.BANK SURVEY: CONTRIBUTING TO THE INCREASE ARE SOLID GROWTH IN PUBLIC DEMAND, IMPROVED COMPETITIVENESS AND A SLOWDOWN IN THE DECLINE IN OIL SECTOR DEMAND...
NORWAY C.BANK SURVEY: THE STRONGEST GROWTH IS REPORTED BY HOUSEHOLD SERVICES, CONSTRUCTION AND TRADITIONAL MANUFACTURING. OIL SERVICE CONTACTS CONTINUE TO REPORT A FALL IN OUTPUT, BUT THE DECLINE HAS MODERATED SINCE MAY...
NORWAY C.BANK SURVEY: NORGES BANK'S REGIONAL NETWORK CONTACTS REPORT SOME INCREASE IN OUTPUT OVER THE PAST THREE MONTHS. ENTERPRISES EXPECT SLIGHTLY HIGHER GROWTH OVER THE NEXT SIX MONTHS...
Industrial production in India posted a surprise fall during the month of August, remaining well below market expectations, owing to weakness in manufacturing activities. India’s industrial production dropped 2.4 percent in July from a year ago, confounding expectations for an increase of 1...
Major support – 135.09 (38.2% retracement of 138.83 and 129.06). Major resistance – 137.66 (55-day EMA). GBP/JPY has once again recovered after making a low of 135.17. It is currently trading around 135.90. On the lower side, major support is around 135.09 (38.2% retracement of 138.83 and 129...
AUD/JPY slips below 20-DMA at 77.30 on Mondays trade, intraday bias lower. Techs are bearish, we see scope for test of trendline support at 76. Major support levels - 76.50 (Aug 2, 3 low), 76.41 (Sept 12 low), 76.06 (Aug 19 low). Major resistance levels - 77, 77.26 (20-DMA), 77.35 (23.6% Fib). ...
Germany’s inflation rate continues to be at a low level in August. According to the Federal Statistics Office, Destatis, the country’s consumer prices dropped in sequential terms, but rose on year-on-year basis. In annual terms, Germany’s consumer prices rose 0.4 percent in August...
USD/CNY is currently trading around 6.6827 marks. It made intraday high at 6.6873 and low at 6.6780 levels. Intraday bias remains bullish till the time pair holds key support at 6.6710 marks. On the top side, a sustained close above 6.6800 mark will test key resistances at 6.6873, 6.7017, 6...
After the Brexit referendum in the United Kingdom, sterling suffered a devaluation against its major trading counterparts and as a result of that, in July, inflation reading surprised to the upside...
We emphasize potential trading opportunities related to anomalies or dislocations in emerging market currencies...
Major support- 1.118 (90- day EMA). Major resistance – 1.12780 (61.8% retracement of 1.13269 and 1.11986). EUR/USD has declined sharply after making a 1.12678 yesterday. It is currently trading around 1.2232. On the higher side, any break above 1.12780 will take the pair till 1.1300/1.13270/1...
Major support – 10300 (38.2% retracement of 10806 and 8695). Major resistance – 10806 DAX30 has taken support near 23.6% retracement of 10806 and 8695 and slightly jumped from that level. It is currently trading around 10492...
Market Roundup Japan FinMin Aso – BoJ still aiming for 2% inflation after policy assessment, government and BoJ closely coordinating policies - Reuters. Japan METI/ESRI survey – Q3 big mfg sentiment index +2.9, Q2 -11.1, +8.6 forecast for Q4, previous survey +12.0, FY ‘16/17 CAPEX +4.9% y/y, +3...
Euro area’s industrial production growth is expected to have declined in July. According to a Societe Generale research note, the national figures released, which account for more than 75 percent of euro area output, indicate towards a drop of 1.2 percent in sequential terms...
