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Eurozone: Better than Expected Flash PMIs - BBH Research Team at BBH, notes that the flash PMI from the euro area was slightly better than expected. Key Quotes “The preliminary March manufacturing reading was 51.4. This is in line with expectations and a little higher than the 51.2 in February...
Market News
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Roberto Jacobs, 23 March 2016, 05:53
RBA did not Talk Down the AUD - TDS Research Team at TDS, notes that yesterday’s RBA Stevens’ ASIC opening remarks were familiar, i.e. economy adjusting well but scope to ease. Key Quotes “Upbeat (as is usual for him when solo) is because it's "zeitgeist to look for downside...
Currency
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Roberto Jacobs, 23 March 2016, 05:51 #RBA
USD: Hawkish Fed Comments have Limited Impact on Sceptical Market - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the US dollar failed to derive much support from the recent more hawkish Fed comments highlighting that the market is more even more sceptical now that the Fed will follow th...
Analytics & Forecasts
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Roberto Jacobs, 23 March 2016, 05:49
EURAUD continues to tread water above trend line support that extends off the April 2015 low. I mentioned this level a few days before the ECB rate decision that took place on March 10th...
Analytics & Forecasts
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Francis Dogbe, 23 March 2016, 05:46
The U.S. central bank has become so cautious about raising interest rates at even a moderate pace that the once-fringe preference of one of its most dovish policymakers for super-slow interest-rate increases has gone mainstream...
Market News
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Francis Dogbe, 23 March 2016, 05:46 #Fed
UK Headline Inflation Slightly Weaker Than Market Expectations - TDS Research Team at TDS, notes that the UK February CPI release was in line with their expectations. Key Quotes “As the headline came in slightly weaker than the market expected, remaining unchanged at 0...
Market News
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Roberto Jacobs, 23 March 2016, 05:46 #inflation
RBA More Cautious About Talking Down the AUD – MUFG Lee Hardman, Currency Analyst at MUFG, suggests that the weakening global growth outlook and likelihood that China’s economy will continue to slow in the coming years does not appear to provide strong foundations for a sustainable and broad-base...
Currency
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Roberto Jacobs, 23 March 2016, 05:43 #RBA
German IFO Surprises in March - ING Carsten Brzeski, Research Analyst at ING, suggests that what initially was supposed to be a big day of German economic sentiment data, with releases of the three most prominent confidence indicators on one morning, has all of a sudden and tragically become a sa...
Market News
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Roberto Jacobs, 23 March 2016, 05:41
FXWIREPRO: USD/KRW Hovers Just Above Key Support Level at 1153, Intraday Bias Remains Bearish USD/KRW is currently trading around 1156 levels. It made intraday high at 1157 and low at 1155 levels. Intraday bias remains bearish till the time pair holds key resistance at 1164 levels...
Analytics & Forecasts
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Roberto Jacobs, 23 March 2016, 04:39
Fitch: China Banks' Profitability Pressures to Continue in 2016 Major Chinese banks' results for 2015, which are due to be released next week, should show continued subdued earnings growth amid margin compression and asset deterioration, says Fitch Ratings...
Market News
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Roberto Jacobs, 23 March 2016, 04:35
FXWIREPRO: AUD/NZD Hits Key Resistance at 1.1298, Intraday Bias Remains Bullish AUD/NZD is currently trading around 1.1306 levels. Pair made intraday high at 1.1309 and low at 1.1269 marks. Intraday bias remains bullish for the moment. Pair fails to fall below key support at 1...
Analytics & Forecasts
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Roberto Jacobs, 23 March 2016, 04:32
Moody's: New Zealand Covered Bond Performance Stable in Q4 2015 Moody's says that the performance of New Zealand's covered bond programmes was stable during Q4 2015...
Market News
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Roberto Jacobs, 23 March 2016, 04:29
USD/SGD Fails to Break Key Resistance at 1.3628, Singapore CPI Data in Focus USD/SGD is currently trading around 1.3600 marks. It made intraday high at 1.3617 and low at 1.3591 levels. Intraday bias remains neutral for the moment. A break below 1.3481 will tests the next support at 1.3440/ 1...
Analytics & Forecasts
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Roberto Jacobs, 23 March 2016, 04:26
GBP/USD: Brexit Woes for the Pound Continue - FXStreet Valeria Bednarik, chief analyst at FXStreet explained that the pound was among the worst daily performers, sharply lower after the London's opening bell as new terrorism attacks in Europe fuelled risk of a Brexit...
Analytics & Forecasts
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Roberto Jacobs, 23 March 2016, 04:21
BOJ's Funo: Inflation to Gradually Accelerate Toward 2% Member of the Policy Board at Bank of Japan Yukitoshi Funo, said that inflation is set to gradually accelerate toward BOJ goal of 2...
Market News
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Roberto Jacobs, 23 March 2016, 04:17 #inflation
AUD/USD: Bulls Back in Charge, Hunting Down R1 AUD/USD has continued with the bid from 0.7631 1hr lows after the PBoC fix and post the strong recovery that was offering decent two way business throughout the overnight sessions and set up better bid Aussie in Asia. PBOC sets USD/CNY at 6.4936 vs 6...
Analytics & Forecasts
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Roberto Jacobs, 23 March 2016, 04:14
USD/CAD: Multi-day Low in USD/CAD Cannot be Far-off - Westpac According to Westpac, a multi-day low in USD/CAD cannot be far-off given the oversold nature of the oscillators. Key Quotes "Our long USD/CAD position was stopped out at 1...
Analytics & Forecasts
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Roberto Jacobs, 23 March 2016, 04:12
USD/CNY Fix Model Projection: 6.4944 - Nomura Analysts at Nomura explained that their model1 projects the fix to be lower by 27 pips from the previous fix (6.4944 from 6.4971) and higher by 18 pips from the previous spot USD/CNY official close 6.4926...
Analytics & Forecasts
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Roberto Jacobs, 23 March 2016, 04:07
AUD/USD Bullish in the Short-term - FXStreet Valeria Bednarik, chief analyst at FXStreet explained that the Australian dollar reversed its latest losses against the greenback and advanced recovered the 0.7600 level...
Analytics & Forecasts
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Roberto Jacobs, 23 March 2016, 04:04
EURUSD Daily Forecast: March 23 2016 EURUSD Forecast The EURUSD had another indecisive movement yesterday but print another lower high and low since failed to make a clear break above the trend line resistance as you can see on my H1 chart below...
Analytics & Forecasts
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Roberto Jacobs, 23 March 2016, 03:59