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Oil prices fell 3 percent on Thursday, pausing after a two-day rally, after producers from Russia to Saudi Arabia and Iran to Libya hinted at more output amid growing U.S. crude stockpiles. Profit-taking and the dollar's steadying from a slide earlier in the week also weighed on crude futures...
Crude Oil
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Anton Hernawan, 22 April 2016, 22:28
Our economist remains of the view that the next policy move is most likely to occur at the June meeting. Financial conditions have fully recovered (our FCI eased since March) and market inflation expectations have moved off their lows. Two obstacles remain, however...
Analytics & Forecasts
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Vasilii Apostolidi, 22 April 2016, 21:24 #FOMC
In the coming week it is Wednesday’s release of the preliminary estimate of Q1 GDP that takes centre-stage for the British pound, and some slowdown from Q4’s 0.6% quarterly rise looks inevitable...
Analytics & Forecasts
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Vasilii Apostolidi, 22 April 2016, 21:17
The breakout of a key area that we have been watching for many weeks has finally occurred. The GBP/EUR exchange rate is trading at a one-month best having reached 1.2767 on Friday the 22nd of April...
Analytics & Forecasts
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Vasilii Apostolidi, 22 April 2016, 20:59
The focus will now shift to the Bank of Japan and Federal Reserve meetings next week. We expect the Bank of Japan to announce further easing and the Fed to change the April statement to a more balanced risk assessment of the economic outlook...
Analytics & Forecasts
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Vasilii Apostolidi, 22 April 2016, 20:40 #forex
Canada’s headline came in at 1.3%, while core CPI inflation increased to 2.1%. Inflation excluding food and energy remained unchanged at 1.7%. Overall, the report shows that inflationary pressures increased slightly in March mainly as a result of continued pass-through from the weaker CAD...
Analytics & Forecasts
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Vasilii Apostolidi, 22 April 2016, 20:38
The BoJ is scheduled to hold its Monetary Policy Meeting on 27-28 April. After a promising start, Abenomics has clearly lost momentum. How does it get it back? For the BoJ, the next step is critical. The January experience suggests a small move in an adverse market is a mistake...
Analytics & Forecasts
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Vasilii Apostolidi, 22 April 2016, 19:20 #forex
The break of USDJPY above 110 and EURJPY almost reaching 125 is likely to be the start of a new appreciation trend for these pairs, says BNP Paribas. "Our economists’ base case remains that the BoJ will cut the IOER further into negative territory at its June meeting...
Analytics & Forecasts
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Vasilii Apostolidi, 22 April 2016, 19:18 #forex
The belief was that USD/JPY might struggle for a period before being able to break above the psychologically important 110.00 level but that break happened with ease just prior to the start of London trading today, notes BTMU...
Analytics & Forecasts
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Vasilii Apostolidi, 22 April 2016, 19:17 #forex
When it comes to the Eurozone, ECB President Draghi failed to make a bigger case of additional stimulus measures being considered anytime soon...
Analytics & Forecasts
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Vasilii Apostolidi, 22 April 2016, 19:16 #forex
In Japan, the focus next week will be on the Bank of Japan’s (BoJ) monetary policy meeting on 27-28 April...
Analytics & Forecasts
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Vasilii Apostolidi, 22 April 2016, 17:46 #forex
US Dollar Extends the Upside, Flirts with 95.00 The greenback, tracked by the US Dollar Index, is prolonging its weekly advance to the boundaries of the 95.00 handle. US Dollar shrugs off poor data, 95...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 17:42
FxWirePro: GBP/CHF Upswings Likely to Extend - Diagonal Debit Spreads to Hedge, Binary Calls to Speculate The pair seems to be in healthy bull run, especially after clearing minor resistance at 1.3903 levels...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 17:36 #gbpchf
Analytical Review of the Stocks of Verizon Communications Inc. Verizon Communications Inc., #VZ [NYSE] Technologies, Telecommunication, USA Financial performance of the company: Index – DJIA, S&P 500...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 17:29
NZD/USD: Technical Movement in the Channel Since the end of January the pair NZD/USD has been in the narrow ascending channel on the daily chart. This week, the pair has grown from the level of 0.6400 by 650 points this week, reaching annual highs at the level of 0.7050...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 17:24 #nzdusd
NZD/USD: There are Grounds to Increase Long Positions Following yesterday’s meeting of ECB, which did not bring surprises, investors started to focus attention on the forthcoming meetings of the Central Banks of New Zealand (27 April), USA (27 April), and Japan (28 April...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 17:20 #nzdusd
Right now there's a battle over upstart trading platform IEX’s application for exchange status. And it's become an existential test of the SEC’s role in the capital markets...
Currency
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Francis Dogbe, 22 April 2016, 17:09 #forex
On Thursday the outcome of the ECB convening were three rates left at their former levels. The key refinancing rate remained at 0.00%, the rate for deposits was left at 0.40% and the ECB credit rate was left at 0.25%. Their asset purchasing program remained at 80 billion euros per month...
Analytics & Forecasts
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Francis Dogbe, 22 April 2016, 17:04
Markets reversed sharply on Thursday, with the dollar ending higher and oil prices giving up big early gains, as global investors grapple with the prospect that the Federal Reserve could raise interest rates sooner than expected. A drop in U.S...
Weekly Trends
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Francis Dogbe, 22 April 2016, 17:01
FxWirePro: CHF/JPY Faces Strong Support at 112.80, Good to Buy at Dips Major resistance – 114 Major support – 112.80 The pair has made a slightly recovered till 113.47 at the time of writing after making a low of 112.80 yesterday. It is currently trading at 113.42...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 15:44