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The Danish central bank lowered its deposit rate to -0.75% from -0.50% today, its fourth rate cut in the past three weeks. The bank kept the lending rate, the discount rate and the current account rate unchanged at 0.05%, 0.0% and 0.0%, respectively...
Market News
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Andrius Kulvinskas, 5 February 2015, 16:44
Crude prices in the US trade at USD 50.60/barrel, after having bounced-off from the 10-DMA located at 47.57 levels earlier today. Concerns of excess supply linger The Energy information Agency data released yesterday showed the crude oil inventories in the US rose by 6...
Crude Oil
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Andrius Kulvinskas, 5 February 2015, 16:22
Valeria Bednarik, Chief Analyst at FXStreet, notes that the EUR/USD pair is consolidating below the 1.1440 fibonacci level, and a break below this immediate resistance might lead to further gains towards 1.1480...
Analytics & Forecasts
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Andrius Kulvinskas, 5 February 2015, 16:12 #EUR/USD
AUD/USD failed to sustain gains above 0.7800 and pulled back at the beginning of the American session, trimming intraday gains. The Australian dollar reached a daily high of 0.7823 versus the greenback, but lacked follow-through and retreated toward the 0.7780 area in recent dealings...
Currency
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Andrius Kulvinskas, 5 February 2015, 15:42
The stock markets in the US are likely to open higher, after a lackluster performance in the previous session that was widely attributed to a sharp fall in oil price. At the time of writing, the DJIA futures traded 0.61% higher at 17,673.50 levels, while the S&P futures traded 0...
Market News
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Andrius Kulvinskas, 5 February 2015, 15:35
On Thursday the dollar remained lower against the other major currencies, as a disappointing U.S. trade balance report weighed...
Currency
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News, 5 February 2015, 15:24 #usd/cad, ECB, usd/jpy
Jane Foley, Senior Currency Strategist at Rabobank, places the pair in the area of 0.7000 on a 12-month horizon. Key Quotes “The value of AUD/USD may have fallen sharply since July 2014 but Australia’s effective exchange rate has shown less movement”...
Currency
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Andrius Kulvinskas, 5 February 2015, 15:20
Before getting started it is important to understand that economic releases are designed to try and give a picture of either: What has already happened in the economy based on past numbers (referred to as a lagging indicator) What is anticipated going forward based on past numbers...
Trading Systems
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Sergey Golubev, 5 February 2015, 15:11
Oil can still descend as low as $30, analyst John Kilduff said in an interview with CNBC on Thursday...
Events
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Anna Cova, 5 February 2015, 14:34 #OPEC, WTI, S&P 500
Shaun Osborne, Chief FX Strategist at TD Securities, views that EUR/USD’s rebound after the sharp dip post ECB’s decision to curb Greek banks’ access to funding might cap around 1.1480/90...
Analytics & Forecasts
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Andrius Kulvinskas, 5 February 2015, 14:13 #EUR/USD
Sabine Schels, Commodity Strategist at BofA-Merrill Lynch, explains that unless oil production guidance for 2015 goes negative or Saudi Arabia changes its policies, WTI and Brent may fall to $32/barrel and $31/barrel respectively by the end of Q1 2015...
Crude Oil
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Andrius Kulvinskas, 5 February 2015, 13:58
The European Central Bank’s (ECB) chief economist Peter Praet said today that the European Central Bank’s (ECB) simply applied rules as it decided to end its exemption from credit requirements for Greek bonds...
Market News
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Andrius Kulvinskas, 5 February 2015, 13:49 #ECB
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Trading Systems
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Michael Sommer, 5 February 2015, 13:37
On Thursday the dollar dropped against the other major currencies, as market sentiment recovered from news the European Central Bank will no longer accept Greek government bonds from banks seeking funding and investors eyed U.S. data due later in the day...
Currency
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News, 5 February 2015, 13:32 #ECB, usd/jpy, GBP/USD
According to FXStreet Editor and Analyst, Omkar Godbole, supportive UK data and BoE’s relatively hawkish stance is likely to pour strength into GBP/USD for a further rise towards 1.5329 levels. Key Quotes “GBP/USD could test the 50-DMA located at 1...
Forecasts
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Andrius Kulvinskas, 5 February 2015, 13:31 #GBP/USD
The Brown Brothers Harriman Team shares that Greek bonds yields have climbed sharply and stocks have fallen by around 5.5% post ECB’s decision to curtail liquidity to Greek banks. Key Quotes “Following the election results, Syriza came out swinging...
Market News
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Andrius Kulvinskas, 5 February 2015, 13:17 #ECB
The Bank of England’s Monetary Policy Committee at its meeting today voted to maintain Bank Rate at 0.5 percent. The Committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at GBP375bn. The minutes of the meeting will be published at 9...
Banks
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Andrius Kulvinskas, 5 February 2015, 13:05
The deal gives Google access to Twitter’s firehose and all the data generated by the social network. Google and Twitter reached an agreement Wednesday to begin incorporating tweets into Google searches for the first time since 2011...
Events
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Sergey Golubev, 5 February 2015, 12:23 #Google
While Greece's new Prime Minister and finance minister travel around the European capitals in attempt to discuss Greece's tough bailout situation, the European Central Bank heaped pressure on Greece’s new government by restricting access to its direct liquidity lines, citing concerns about the co...
Events
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Anton Voropaev, 5 February 2015, 12:19 #Troika, IMF, economy news
The Economic Bulletin released today by the European Central Bank highlighted the effects of the sharp decline in oil prices as well as the continuing low inflation environment in the Eurozone. The bulletin stated that the recent decline in oil prices is supporting the global economic recovery...
Forecasts
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Andrius Kulvinskas, 5 February 2015, 12:14