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The Bank of Canada HAD to raise its 2016 growth forecast, since the Governor's boss, Minister Morneau, is out touting the benefits of fiscal stimulus, and December/January GDP surprised on the upside...
Analytics & Forecasts
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Vasilii Apostolidi, 13 April 2016, 17:03 #forex
Bank of Canada: Little Prospect of Further Easing - ING James Knightley, Senior Economist at ING, notes that today’s statement from the Bank of Canada, suggests that there is little prospect of any easing in the near future...
Currency
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Roberto Jacobs, 13 April 2016, 16:59
EUR/USD Drops Further to Test 1.1270 The selling pressure is now gathering further steam around the euro, dragging EUR/USD to test lows in the 1.1270 region...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 16:45
EUR/CAD – Drops Below 1.44 after BOC Keeps Rates Unchanged EUR/CAD fell below 1.44 handle after Bank of Canada kept key rates unchanged as expected and revised 2016 GDP forecast higher...
Currency
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Roberto Jacobs, 13 April 2016, 16:43
BoC Leaves Rates Unchanged, Downgrades Growth Outlook The Bank of Canada (BoC) kept its target for the overnight rate unchanged at 0.5%. The Bank Rate is correspondingly 0.75% and the deposit rate is 0.25...
Currency
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Roberto Jacobs, 13 April 2016, 16:41
The Euro remains very range bound. It still by and large tracks the Bund/Treasury spread, albeit trading a little higher than that spread would imply at the moment...
Analytics & Forecasts
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Vasilii Apostolidi, 13 April 2016, 16:27
AUD/USD Gains Capped Around 0.77 – Westpac According to strategists at Westpac, AUD’s upside appears somewhat limited around the 0.7700 handle in the near term. Key Quotes "AUD/USD found fresh buyers and pricing for a May rate cut faded to below 30% after the strong Mar NAB business survey”...
Currency
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Roberto Jacobs, 13 April 2016, 15:59
AUDUSD Daily Chart In its daily chart, AUDUSD pair has created a bullish structure of the lows but not yet to consider a completed intermediate 5-waves up. If we make an extension of waves 1 and 2 ... continue here http://www.forexsignalsfactory.net/2016/04/13/audusd-upcoming-short-term-forecast...
Wave Count
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AynGannRand, 13 April 2016, 15:55 #technical analysis
WTI Below $42.00, Losses Momentum Ahead of EIA The barrel of West Texas Intermediate has retreated from recent highs above the $42.00 mark, returning to the $41.70 area...
Crude Oil
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Roberto Jacobs, 13 April 2016, 15:49
Risk sentiment improved of late, regardless of the IMF warning that a prolonged period of slow growth has left the global economy more exposed to negative risks...
Analytics & Forecasts
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Vasilii Apostolidi, 13 April 2016, 15:48 #forex
BoC Decision Preview: What to Expect of USD/CAD? The Bank of Canada (BoC) will announce its monetary policy decision at 14:00GMT and it is widely expected to keep rates on hold at 0.50% this month...
Currency
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Roberto Jacobs, 13 April 2016, 15:45
USD/CAD Cautiously Bearish – Scotiabank In view of Eric Theoret, FX Strategist at Scotiabank, USD/CAD's outlook remains tilted to the bearish side. Key Quotes “Trend and momentum indicators are decisively bearish”...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 15:43
The British pound has not flinched against the euro on news that the Leave camp has no grown bigger than the Remain In camp with pollsters ICM. Their latest polling data shows the Remain In vote stands at 42% while Leave is at 45%. Undecideds are at 12...
Analytics & Forecasts
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Vasilii Apostolidi, 13 April 2016, 15:34
FXWIREPRO: BTC/USD Faces Strong Resistance at $428, Good to Buy at Dips. Major Resistance - $428 BTC/USD has slightly retreated after making a high of $426.67. It is currently trading around $424. Short term trend is slightly bullish as long as support $400 holds...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 15:33
We think today’s BoC meeting could see a meaningful change in narrative, with the first upward revision to 2016 growth in almost a year. The improved outlook stems from two sources...
Analytics & Forecasts
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Vasilii Apostolidi, 13 April 2016, 15:32
Testing on a real tick story - EURUSD,H1 Broker: OctaFX (true ECN execution without requotes, without commission) 1. Testing with optimized parameters on EURUSD,H1 (2015.07.01 - 2016.01.01): Optimization Report s7_Hunter_bot...
Statistics
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Aleh Sasonka, 13 April 2016, 15:30
Gold Recovers to Hourly 100-MA After US Data Moderate weakness in the US dollar following a dismal US retail sales release saw gold prices recovery to hourly 100-MA level of $1247.50. Trades above 50% Fibo Prices rose to $1248.89 before falling back to trade just above $1245.37 (50% of 1283-1207...
Metals
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Roberto Jacobs, 13 April 2016, 15:28 #gold
API Reports Surplus, While WTI Awaits EIA Report - Calls Updated WTI is trading at key resistance area at $41.5/barrel...
Crude Oil
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Roberto Jacobs, 13 April 2016, 15:26
US Retail Sales Fail to Pick Up Momentum in March - ING Rob Carnell, Chief International Economist at ING, notes that the US retail sales fall 0.3% mom in March, while the "core" rises only 0.1% mom...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 15:16
FXWIREPRO: Cyclical Effects Between Uk Inflation-Brexit- BoE- GBP The inflation continues its global trend higher with UK and Sweden following the preliminary German and EU reads higher. U.K. Consumer prices went up 0.5% YoY in March of 2016 which is on track of BoE's target of 2%, following a 0...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 15:12