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OPEC Sees Moderate Oil Bounce Even If Iran Won't Join Freeze OPEC expects oil prices to rebound to a “moderate” level even if Iran doesn’t join other producers in an agreement to freeze production...
Crude Oil
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Roberto Jacobs, 22 March 2016, 06:33 #OPEC
ECB, BOJ Seeking to Push Down Exchange Rates, Mervyn King Says The European Central Bank and the Bank of Japan are essentially trying to push down the values of their respective currencies with the use of negative interest rates, former Bank of England Governor Mervyn King said...
Analytics & Forecasts
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Roberto Jacobs, 22 March 2016, 06:28 #ECB
Dollar Drops Versus Yen Amid Skepticism of April U.S. Rate Hike The dollar halted a two-day advance against the yen as comments by Federal Reserve officials suggesting the central bank may raise interest rates as soon as next month failed to boost the greenback’s appeal. The U.S...
Market News
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Roberto Jacobs, 22 March 2016, 06:18
Asian Shares Edge Lower as Fed Rate Talk Revives Asian stocks slipped on Tuesday as hawkish comments from U.S. Federal Reserve officials clouded the monetary policy outlook less than a week after Fed Chair Janet Yellen had set out a more cautious path to interest rate increases this year...
Market News
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Roberto Jacobs, 22 March 2016, 06:12
Japan Manufacturing Sector Contracts Unexpectedly In March Japan's manufacturing activity deteriorated for the first time in eleven months in March, the latest flash survey from Markit Economics showed Tuesday. The Markit/ Nikkei Manufacturing Purchasing Managers' Index, or PMI, fell to 49...
Market News
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Roberto Jacobs, 22 March 2016, 06:01
Australian Dollar Rises Against Majors The Australian dollar strengthened against the other major currencies in the Asian session on Tuesday. The Australian dollar rose to a 4-day high of 85.10 against the yen, from yesterday's closing value of 84.82. Against the U.S...
Currency
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Roberto Jacobs, 22 March 2016, 05:59
Nikkei Rises Sharply as Dollar Gains on Hopes for Fed Rate Hike TOKYO, March 22 Japan's Nikkei share average rose sharply on Tuesday as the dollar extended its rebound against the yen after two U.S. Federal Reserve officials supported the case for an interest rate hike sooner than later...
Market News
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Roberto Jacobs, 22 March 2016, 05:54 #Nikkei
Analytical Review of the Stocks of Merck&Co. Inc. Merck&Co. Inc., #MRK [NYSE] Health care, drug production, USA Financial performance of the company: Index – DJIA, S&P 500...
Analytics & Forecasts
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Roberto Jacobs, 22 March 2016, 05:43
Taiwan Jobless Rate Rises As Expected In February Taiwan's unemployment rate increased for the fourth straight month in February, in line with expectations, figures from the Directorate General of Budget Accounting and Statistics, or DGBAS, showed Tuesday...
Market News
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Roberto Jacobs, 22 March 2016, 05:34
FXWIREPRO: Nikkei225 Faces Strong Resistance Around 17300, Good to Buy at Dips Major resistance - 17300 The index has broken minor resistance around 17000 and jumped till 17097 at the time of writing slightly recovered after making a low of 17014. It is currently trading around 16664...
Analytics & Forecasts
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Roberto Jacobs, 22 March 2016, 05:32
South Korean Won Continues to Gain Against US Dollar, Intraday Bias Remains Bearish USD/KRW is currently trading around 1160 levels. It made intraday high at 1164 and low at 1159 levels. Intraday bias remains bearish till the time pair holds key resistance at 1169 levels...
Analytics & Forecasts
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Roberto Jacobs, 22 March 2016, 05:28
Moody's: Credit Quality of Korean Non-Financial Corporates Stable in 2016 Moody's says the credit quality of non-financial corporates in Korea (Aa2 stable) will be stable in 2016, but that weak macroeconomic conditions will increase challenges for some sectors...
Market News
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Roberto Jacobs, 22 March 2016, 05:26
Aussie Gains on the Back of Higher Than expected Hpi Data AUD/NZD is currently trading around 1.1205 levels. Pair made intraday high at 1.1214 and low at 1.1189 marks. Australia's House Price Index rose 0.2% in the December quarter, following a 2.0% increase in the previous three-month period...
Analytics & Forecasts
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Roberto Jacobs, 22 March 2016, 04:58
Australia Home Prices Add 0.2% In Q4 Home prices in Australia added a seasonally adjusted 0.2 percent on quarter in the fourth quarter of 2015, the Australian Bureau of Statistics said on Tuesday. That beat forecasts for a flat reading following the 2.0 percent increase in the third quarter...
Market News
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Roberto Jacobs, 22 March 2016, 04:55
USD/SGD Hovers Around Initial Resistance at 1.3628, Intraday Bias Remains Neutral USD/SGD is currently trading around 1.3622 marks. It made intraday high at 1.3631 and low at 1.3593 levels. Intraday bias remains slightly bullish till the time pair holds key support at 1.3481 levels...
Analytics & Forecasts
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Roberto Jacobs, 22 March 2016, 04:53
China’s Monetary Policy Regime in Transition - Nomura The Global Markets Research Team at Nomura notes that China’s monetary policy regime is currently experiencing a transition towards a more market-based regime...
Analytics & Forecasts
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Roberto Jacobs, 22 March 2016, 04:49
AUD/USD Awaits Stevens AUD/USD is consolidated sub the 0.76 handle as the PBOC sets the USD/CNY mid -point today at 6.4971. AUD/USD been in gradual decline since losing the 0.76 handle again in the US, post a pop-up to test the 0.7620 offers in European trade...
Currency
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Roberto Jacobs, 22 March 2016, 04:46
Commodities in a Snapshot, Energy Higher - ANZ Analysts at ANZ noted the action the commodities sector overnight an that energy prices were stronger. Key Quotes: Brent prices pushed above USD41/bbl with the front month Brent-WTI price spread consistently trading above USD1.6/bbl...
Market News
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Roberto Jacobs, 22 March 2016, 04:43
Fed Speakers Flag Potential for Hikes - ANZ Analysts at ANZ explained that three Fed members (non-voters) flag potential for rate hikes. Key Quotes: "Williams: expects a rate cut in April and June if all else is equal and data flow continues the way he expects...
Market News
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Roberto Jacobs, 22 March 2016, 04:39
USD/CNY: Fix to be Higher by 91 Pips - Nomura Analysts at Nomura offered their model for the CNY fix today. Key Quotes: "Our model projects the fix to be higher by 91 pips from the previous fix (6.4915 from 6.4824) and higher by 57 pips from the previous spot USD/CNY official close 6.4858...
Currency
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Roberto Jacobs, 22 March 2016, 04:33