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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
Should Long Yen Position be Abandoned? We think not. Yen has taken beating since it failed to break resistance around 108 against Dollar, after earthquake devastated southern Japan’s Kumamoto region...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 15:41
All Eyes on the BoJ Next Week – TDS Strategists at TD Securities have noted the relevance of the BoJ 2-day meeting due on April 27-28. Key Quotes “What they should do versus what they will do; standing idle risks strengthening the JPY”...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 15:38
USD/RUB Slumps Below 66.00 on Oil Recovery The demand for the Russian Rouble is now picking up further pace, sending USD/RUB to fresh daily lows in the 65.80 area. USD/RUB lower on oil gains Spot is giving away part of yesterday’s strong rebound to the boundaries of 67...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 15:35 #USDRUB
GBP/NZD Surges Past 2.0900 Handle The powerful rebound witnessed in the GBP/NZD pair adds further weight on Friday as the pair continues to scale new highs and has now move above 2.0900 round figure mark...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 15:33
USD/JPY Though 111.00 on Yen Selling The selling pressure is now gathering traction around the Japanese currency, lifting USD/JPY to fresh highs beyond the key 111.00 barrier...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 15:30
EUR/CAD Drops to 1.4250, Fresh 2016 Lows With Canadian monthly retail sales data for Feb. beating expectations and rising inflation data, the EUR/CAD pair fell sharply to 1.4250, hitting fresh 2016 lows. Better-than-expected economic data lifts loonie Report on Feb...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 15:29