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Lee Hardman, Currency Analyst at MUFG, notes that the US dollar has continued to remain on a softer footing in the Asian trading session following the signal from the Fed last week that it plans to raise rates more gradually this year...
Analytics & Forecasts
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Vasilii Apostolidi, 21 March 2016, 12:13
Kit Juckes, Research Analyst at Societe Generale, suggests that in the US, we get the Chicago Fed index and existing homes sales data today, durable goods orders Thursday, and politics all week...
Analytics & Forecasts
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Vasilii Apostolidi, 21 March 2016, 12:11
Asian Stocks Gain as Shanghai Composite Jumps to Two-Month High Asian stocks rallied in late trading, with a regional gauge erasing declines, as Chinese shares climbed above the 3,000 level for the first time since January after policy makers loosened controls on margin lending...
Market News
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Roberto Jacobs, 21 March 2016, 12:10
Research Team at BBH, suggests that after a horrific start of the year, the global capital markets have recovered in recent weeks. “The year started off poorly, to say the least. Equity markets plunged from the get-go...
Analytics & Forecasts
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Vasilii Apostolidi, 21 March 2016, 12:10
The research team at UOB Group remains bullish on the Aussie dollar in the next 1-3 weeks. “We reestablished our bullish AUD view last Friday and there is no change to the outlook. As long as 0.7520 is intact, we believe the current AUD strength could extend higher to 0.7740”...
Analytics & Forecasts
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Vasilii Apostolidi, 21 March 2016, 12:08
In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the Aussie dollar could retreat towards the 0.7520/0.7415 area. “AUD/USD’s move higher last week reached the 61.8% retracement at 0...
Analytics & Forecasts
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Vasilii Apostolidi, 21 March 2016, 12:05
Yen Slides Against Most Majors Reversing direction, the Japanese yen slipped against its most major rivals in early European deals on Monday. The yen edged down to 75.75 against the kiwi, 115.02 against the franc and 85.60 against the loonie, off early 5-day high of 75.13, 4-day highs of 114...
Analytics & Forecasts
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Roberto Jacobs, 21 March 2016, 12:03
Last week, we reported on the ECB’s decision to cut the interest rates and how Mario Draghi said ‘helicopter money’ is ‘an interesting concept that is being studied’...
Analytics & Forecasts
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Vasilii Apostolidi, 21 March 2016, 12:02 #gold
Italy Current Account Deficit Narrows In January Italy's current account deficit decreased slightly in January from a year ago, figures from the Bank of Italy showed Monday. The current account deficit narrowed to EUR 1.07 billion in January from EUR 1...
Market News
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Roberto Jacobs, 21 March 2016, 12:01
Brexit Could Cost UK £100bn – Investec Research Team at Investec, notes that the report commissioned by the CBI and carried out by accountancy firm PwC, warns a Brexit could potentially cost the country £100bn and nearly one million jobs by 2020...
Market News
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Roberto Jacobs, 21 March 2016, 11:55
Kit Juckes, Research Analyst at Societe Generale, suggests that the Chinese authorities are cheering slower capital outflows, warning of excessive corporate debt and talking of an economy that is getting back on track. “The MNI measure of business confidence, however, remained at 49.9...
Analytics & Forecasts
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Vasilii Apostolidi, 21 March 2016, 11:53
Risk Recovery More Important than Data for USD - BNPP Research Team at BNP Paribas, suggests that the Fed Presidents Lacker and Lockhart speak today and may emphasize the possibility that policy could be tightened in June, even as these comments could be balanced by the more dovish Presidents Eva...
Market News
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Roberto Jacobs, 21 March 2016, 11:51
*JPMorgan Chase & Co. is an American multinational banking and financial services holding company headquartered in New York City. It is the largest bank in the United States, and the world's sixth largest bank by total assets, with total assets of US$2.35 trillion...
Analytics & Forecasts
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Vasilii Apostolidi, 21 March 2016, 11:50
USD/JPY Unmotivated Around 111.50 USD/JPY is trading almost unchanged at the beginning of the week, trading in a narrow range between 111.20 and 111.60...
Analytics & Forecasts
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Roberto Jacobs, 21 March 2016, 11:49
Technical Analysis of NZD/CAD for March 21, 2016 NZD/CAD has been moving sideways for almost two weeks; and this does not seem to be over as the price remains within slightly descending main channel boundaries...
Technical Analysis of CHF/JPY for March 21, 2016 Since my original idea on CHF/JPY was published, price remained near the sell entry point - R2 (115.40). Today, price started to move lower which is likely to continue to test one of two support levels, either S2 (114.10) or S3 (113...
The delicate balance recently achieved in #USDJPY is still observed. The pair has reached the lowest for the last year and a half level, as well as the 61.8% Fibonacci retracement level. The importance of technical levels can not be underestimated. Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 21 March 2016, 11:42 #Trading
Research Team at BNP Paribas, notes that the net long AUD positioning has started to moderate according to BNP Paribas Positioning Analysis falling to +3 this morning from +8 a week earlier – its largest long since November 2014. “We are short AUD via a long EURAUD trade recommendation...
Analytics & Forecasts
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Vasilii Apostolidi, 21 March 2016, 11:42
Jane Foley, Senior FX strategist at Rabobank, lists down the IMM net speculators’ positioning as at 15 March 2016. EUR shorts have now increased for a third consecutive week suggesting that the dovish stance of the ECB is having an impact on the currency...
Analytics & Forecasts
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Vasilii Apostolidi, 21 March 2016, 11:41
Quotes of #Gold are close to the support line of the medium-term uptrend again. Given the current technical picture, a signal to buy may be formed here. But we can not ignore the fact that trading are going virtually at the resistance line of the long-term downward trend...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 21 March 2016, 11:40 #Trading