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BoJ to Add Stimulus in April...
Analytics & Forecasts
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Roberto Jacobs, 29 March 2016, 20:29
USD Tumbles in the Market on Yellen Comments The US dollar dropped sharply after the release of Janet Yellen speech, that was seen as dovish by market participants...
Analytics & Forecasts
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Roberto Jacobs, 29 March 2016, 20:22
EUR/USD: Bulls Take Charge on an Uncertain and Dovish Fed EUR/USD has rallied to1.1263 so far ahead of Yellen's presser after a speech she is currently making at the Economic Club of New York...
Analytics & Forecasts
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Roberto Jacobs, 29 March 2016, 20:19
Yellen: Appropriate for Fed to Proceed Cautiously with Rate Hike Janet Yellen, Chair of the Federal Reserve, said today in New York that the central bank must move with caution regarding interest rate hikes given the current outlook. She mentioned that inflation expectation may have drifted lower...
Analytics & Forecasts
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Roberto Jacobs, 29 March 2016, 20:15
GBP/USD: Bulls Target 1.44 Handle on Dovish Yellen GBP/USD has rallied from 1.4280 to make fresh highs which are rising at time of writing towards the half way point on the 1.43 handle after Yellen's dovish tone speaking in New York today...
Analytics & Forecasts
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Roberto Jacobs, 29 March 2016, 20:12
• EUR/CHF is trading mixed since it failed to reach 1.1000 which shows that short-term bearish pressures are still lively. Hourly support can be found at 1.0874 (23/03/2016 low) while hourly resistance is given at 1.1023 (10/03/2016 high). Expected to show continued weakness...
Analytics & Forecasts
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Francis Dogbe, 29 March 2016, 19:35
It’s been only weeks since the Fed’s dovish decision in March, so it’s no surprise today’s speech by Yellen didn’t diverge much from the wait and see stance adopted by the FOMC...
Analytics & Forecasts
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Vasilii Apostolidi, 29 March 2016, 19:06 #Fed
The GBP has lost almost 10% since the autumn peak in effective terms and stabilised somewhat in March, supported by global risk sentiment and higher oil prices. We have seen the worst by now. GBP/USD has bottomed with oil Interestingly, GBP/USD has been trading closely with oil prices...
Analytics & Forecasts
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Vasilii Apostolidi, 29 March 2016, 18:47 #GBP/USD
For more than a century, the Economic Club of New York has served as one of the nation's leading nonpartisan forums for discussion of economic policy issues. It is an honor to appear before you today to speak about the Federal Reserve's pursuit of maximum employment and price stability...
Market News
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Gabriel D Arco, 29 March 2016, 18:33
Analysis : Descending Triangle identified at 29-Mar-05:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.85 within the next 3 days. Supporting Indicators : RSI above 60 Resistance Levels...
Charts
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Lahcene Ouled Moussa, 29 March 2016, 18:30
More notable moves in the FX majors, where USD/JPY is now in touching distance or the Asia lows at 113.20...
Analytics & Forecasts
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Vasilii Apostolidi, 29 March 2016, 18:00 #forex
I’ve continued to focus the bulk of my trading on these three setups highlighted this week. Keep in mind we’re heading into a holiday weekend with the close of the month / quarter on tap next week...
Analytics & Forecasts
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Seth Dompreh, 29 March 2016, 17:38
The NZD/USD is currently retracing, after posting a new yearly high last week at a price of .6874. As the pair declines, traders looking to join the trend may plan for the pair’s next major breakout. To do so, an entry order may be considered one pip above the high at .6875...
Analytics & Forecasts
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Seth Dompreh, 29 March 2016, 17:35
The main data release this week will be the March non-farm payrolls report on Friday where BNP Paribas expects the Easter effect to have a negative impact on the headline figure. "We see the pace of hiring slowing to 180k from 242k in February, a flat unemployment rate at 4...
Analytics & Forecasts
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Vasilii Apostolidi, 29 March 2016, 17:30 #EUR/USD
All eyes today are on Janet Yellen who is speaking at the Economic Club of New York at 12:20 pm ET. The danger is that she is very balanced/neutral...
Analytics & Forecasts
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Vasilii Apostolidi, 29 March 2016, 16:52
The USD suffered towards the end of last week, mainly on the back of a weaker PCE report. However, thin market conditions most likely exaggerated Friday’s price action. This is especially true as the Fed remains on track with tightening monetary policy by more than markets currently price in...
Analytics & Forecasts
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Vasilii Apostolidi, 29 March 2016, 16:51
It has been a mixed result for Apple this weekend after the FBI cracked the encryption on a terrorist's iPhone. Apple has maintained its honour in the face of pressure from the regime but the Feds have proved the phone's operating system to be insecure. It has been a mixed result for sterling too...
Analytics & Forecasts
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Vasilii Apostolidi, 29 March 2016, 16:39
During a recent visit to the United Kingdom, I was struck by the extent to which the question of whether the country should remain in the European Union is dominating the media, boardroom discussions, and dinner conversations...
Market News
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Francis Dogbe, 29 March 2016, 15:21
Earlier today Eurozone M3 money supply came in unchanged at 5.0%, as expected in February data. Amid the components, private sector credit showed a 3.2% y/y increase, up from 2.6% y/y growth in the previous month. This moving in the right direction, though below where ECB policymakers would like...
Analytics & Forecasts
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Francis Dogbe, 29 March 2016, 15:11
Janet Yellen speaks at the Economic Club today (12:20 PM ET) in an event that many hope will provide clarity on whether the market’s original interpretation of the FOMC dots/balance of risks/forecasts and Q&A in all its entirety, was as dovish as originally assumed; or, whether the subsequent...
Analytics & Forecasts
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Vasilii Apostolidi, 29 March 2016, 15:08