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The ECB has taken yet another step towards trying to heal the European economy. However, underlying arguments for further easing measures are still the same: inflation will remain far from target. Although rates are unlikely to be lowered further, the ECB will continue to expand its balance sheet...
Analytics & Forecasts
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Vasilii Apostolidi, 15 March 2016, 18:08 #EUR/USD
With the US economy continuing to grow above trend, printing very robust employment gains month after month, and with unemployment at 4.9% and a sharper-than-expected acceleration in core inflation, rates hikes will be on the agenda for this FOMC meeting...
Analytics & Forecasts
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Vasilii Apostolidi, 15 March 2016, 17:22
Buying the Franc may be the best way to protect your sterling exposure ahead of the EU referendum. HSBC’s global head of research has recommended going long the Swiss Franc as the ideal hedge in case of the sterling weakening following a Brexit vote...
Analytics & Forecasts
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Vasilii Apostolidi, 15 March 2016, 16:02
Nomura doesn't expect the FOMC to change policy at tomorrow’s meeting. "Recent commentary from Fed officials does not suggest that a change is imminent. The more interesting question will be how the FOMC’s forecast for the economy and interest rates change...
Analytics & Forecasts
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Vasilii Apostolidi, 15 March 2016, 15:52 #FOMC
BNP Paribas expects the weakness of the commodity currencies verses the USD to continue as markets prepare for a more hawkish message from the Fed at this week’s FOMC meeting...
Analytics & Forecasts
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Vasilii Apostolidi, 15 March 2016, 15:50
This year, the world’s billionaires clocked in an aggregate net worth of $6.48 trillion, according to the Forbes Billionaires list released this month, with the usual suspects topping the list – including Bill Gates ($75 billion), Inditex ITX, -0...
Other
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Francis Dogbe, 15 March 2016, 14:58
Buying the Swiss franc may be the best hedge against the United Kingdom voting to quit the European Union (EU), according to HSBC — but not everybody agrees. The British bank said the Swiss currency would likely rally strongly on a "Brexit," but would not weaken if the U.K...
Trading Ideas
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Francis Dogbe, 15 March 2016, 14:56
The BOJ decision to leave policy unchanged was a catalyst for this morning’s risk aversion though no-one was looking for any move and the fact that the oil bounce ran out of steam could be blamed just as much...
Analytics & Forecasts
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Vasilii Apostolidi, 15 March 2016, 14:28 #AUD/NZD, usd/jpy
A result of a long position in #EURUSD was fixed on a signal of the red Alligator's line crossing i.e. with a profit. Then we went short on a breakthrough of a fractal down at 1.1077. Find out more by checking out the Source Link...
A result of a long position in #USDJPY was fixed with a small loss. Here we have already opened a new order to sale in accordance with the System rules. Currently it brings a slight #profit. Find out more by checking out the Source Link...
The pound to euro exchange rate needs to extricate itself out of its current quagmire if it is to avoid significant falls lower. The longer sterling remains unable to extricate itself from where it currently finds itself against the euro, the stronger the downside bias is likely to become...
Analytics & Forecasts
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Vasilii Apostolidi, 15 March 2016, 13:25
If you are looking to buy a holiday home in the U.S, in somewhere like Florida, you are going to need US dollars, and to get those you are going to have to exchange British pounds...
Analytics & Forecasts
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Vasilii Apostolidi, 15 March 2016, 13:22
The negative rate environment is having unintended consequences, one of which is the ressurection of gold. Gold is on the rise. The precious metal has rallied sharply from lows in the 1040s to its current rate in the 1230s - a rise of nearly 20% since only the end of last year...
Analytics & Forecasts
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Vasilii Apostolidi, 15 March 2016, 13:20 #gold
Over the next three months or so, EUR trading will likely depend on three factors: i) efficacy of the ECB policy package, ii) external environment, especially Fed policy and risk sentiment, and iii) ECB willingness to ease further, including rate cuts, when necessary...
Analytics & Forecasts
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Vasilii Apostolidi, 15 March 2016, 12:11
GBPUSD: The pair followed through lower on the back of its Monday losses on Tuesday. This development leaves GBPUSD threatening further downside pressure in the days ahead. On the downside, support lies at the 1.4250 level where a break will turn attention to the 1.4200 level...
Analytics & Forecasts
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FXTechstrategy Team, 15 March 2016, 12:04
The Bank of Japan, last night decided to leave their current stimulus plan unchanged, in addition to the current benchmark rate at -0.10%. The members votes 8-1 to keep the current stimulus package at ¥80 trillion. The members also voted 7-2 to keep the benchmark rate unchanged...
Currency
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Daniel Bancans, 15 March 2016, 12:04 #Nikkei, forex
Along with Cable and EUR/GBP testing their recent extremes, GBP/JPY is now through initial support around 160.65-70, and is now eyeing a move on 160.00. Below here lies the Wednesday low at 159...
Analytics & Forecasts
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Vasilii Apostolidi, 15 March 2016, 12:00
Retail sales: We forecast retail sales to have declined 0.3% m/m in February, with a modest 0.2% rise in core sales offset by a steep decrease in gasoline station sales and fewer motor vehicle sales on the month...
Analytics & Forecasts
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Vasilii Apostolidi, 15 March 2016, 11:15
EUR/USD: Bullish: Upside likely limited to 1.1245. As mentioned last Friday, while we turned bullish EUR, the upside potential is likely limited to 1.1245. The current movement is a short-term consolidation and this should lead to an eventual move higher in the next few days...
The technical picture in #GPBUSD shows a cluster of support and resistance levels. On the one hand the short-term trend is upward, and on the other hand recently #quotes have tested the resistance line of the medium-term trend and then a downward correction started...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 15 March 2016, 11:00 #Trading