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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...
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...
*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...
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...
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...
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...
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...
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...
Global Macro Overview for 21/03/2016 In the USA, the Thomson Reuters/University of Michigan preliminary Consumer Confidence Index dropped to 90.0 points in March, down 1.7 points from a month before...
Stock markets in Europe recovered early losses to trade positive as rise in banking shares overshadowed the losses in energy and mining shares. At the time of writing, Stoxx 50 index was up 0.60%. Stoxx 600 index was trading 0.5% higher as well. Germany’s DAX and France’s CAC were up 1% and 0...
U.S. Dollar Rises Amid Risk Aversion The U.S. dollar strengthened against the other major currencies in the early European session on Monday amid risk aversion, as oil prices extended decline and China's central bank weakened the central parity rate of yuan by the most since January. The U.K...
In what has been somewhat of a subdued morning, European bourses kicked off the week in negative territory albeit mildly so, with the usual culprits, material and energy names leading the losses for the majority of the morning...
Eurozone Current A/c Surplus Falls For Second Month Eurozone's current account surplus decreased for a second straight month in January, data from the European Central Bank showed Monday. The seasonally-and-working-day adjusted current account surplus dropped to EUR 25.4 billion from EUR 28...
Consumers Energy's seven oldest coal plants are shutting down by April 15 after serving Michigan for more than 60 years. Collectively, the plants - affectionately nicknamed the "Classic Seven" - are capable of generating nearly 1,000 megawatts of electricity. Only one other utility in the U.S...
Lithuania Industrial Production Grows In February Lithuania's industrial production climbed notably in February from a year ago, figures from Statistics Lithuania showed Monday. Industrial production rose a working-day-adjusted 6.3 percent year-over-year in February...
A modest turnaround in equities, and this may give USD/JPY the push higher it needs, having been suppressed in the low 111.00’s after last week’s breach of the figure level lower down. NY managed to test the 111...
GBP/USD Likely to Extend the Rebound to 1.4570 – UOB In view of the research team at UOB Group, the pair could see its upside extended towards 1.4570. Key Quotes “While the strong rally from the low of 1...
