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FXWIREPRO: South Korean Won Unchanged Despite Better Than expected GDP Data USD/KRW is currently trading around 1168 levels. It made intraday high at 1169 and low at 1167 levels. Today South Korea released GDP data with positive numbers at 0.7% q/q vs 0.6% previous release...
Analytics & Forecasts
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Roberto Jacobs, 25 March 2016, 05:38
FXWIREPRO: USD/JPY Hits Fresh Weekly High, Intraday Bias Remains Bullish USD/JPY is currently trading around 113.17 levels. It made intraday high at 113.29 and low at 112.74 marks. Today Japan released Tokyo Core CPI data with negative numbers at -0.3% m/m vs -0.1% previous release...
Analytics & Forecasts
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Roberto Jacobs, 25 March 2016, 05:36
Japan Overall CPI Rises 0.3% On Year In February Overall nationwide consumer prices in Japan gained 0.3 percent on year in February, the Ministry of Internal Affairs and Communications said on Friday. That was in line with forecasts following the flat reading in January...
Market News
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Roberto Jacobs, 25 March 2016, 05:32
USD/JPY Spikes Towards 113.30/35 Resistance USD/JPY has seen strong buying interest in the first hour of Tokyo trade, in line with a rising Nikkei 225 , up 0.57% now, one of the few markets that remains open amid thin liquidity on Easter festivities...
Analytics & Forecasts
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Roberto Jacobs, 25 March 2016, 05:29
USD/JPY: Taking on the Bears on 113 Handle USD/JPY, popping higher in the Tokyo open, was making a modest attempt towards the 113.00 level earlier, recovering from the 112...
Analytics & Forecasts
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Roberto Jacobs, 25 March 2016, 05:25
Investors are putting billions of pounds worth of bets on the pound crashing should Britain vote to leave the European Union in June. According to data compiled by Bloomberg, investors have piled up more than £11 billion ($15...
Analytics & Forecasts
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Francis Dogbe, 24 March 2016, 23:06
A few short hours stand in the way of the long holiday weekend for many. The capital markets are retracing the recent moves. This means equities and commodities are lower. It means bonds are firmer and the dollar stronger...
Weekly Trends
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Francis Dogbe, 24 March 2016, 22:29 #FOMC, ECB
•The Japan inflation figure will tell us if the BoJ will go deeper into the red on rates •Japan’s government bond yield curve continues to flatten out •The Fed’s interest rate flight path is an aspiration, not a forecast •US inflation data will reveal if the Fed's flight path is credible •The odd...
Analytics & Forecasts
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Francis Dogbe, 24 March 2016, 22:26 #inflation
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: A move below our initial downside targets near 1.1145 would encourage our bearish view. Our next targets are in the 1...
Analytics & Forecasts
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Vasilii Apostolidi, 24 March 2016, 20:48 #usd/jpy, GBP/USD
Algiers — Bank of Algeria (BA) has developed a new regulation amending the terms and conditions for approval of foreign exchange bureaus, a measure meant to benefit from the foreign currency circulating in the informal market, as the country is undergoing a significant drop in foreign currency in...
Analytics & Forecasts
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Seth Dompreh, 24 March 2016, 20:46
Currency accords seemed to be consigned to history. The 1985 Plaza Accord saw the major central banks intervene to take the dollar lower and rid the US of recession. Two years later, the Louvre Accord set out to stop the dollar from falling further.......READ MORE...
Analytics & Forecasts
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Seth Dompreh, 24 March 2016, 20:43
farewell, currency wars. Hello, carry trade! Spring’s arrival seems to have forex investors wondering if a new currency world order — in which central banks no longer drive each other’s currencies to the bottom — is sprouting.......READMORE...
Analytics & Forecasts
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Seth Dompreh, 24 March 2016, 20:39
While FXcompared.com did find that banks have been lowering their costs in recent months in the face of rising competition from online money transfer services, they remain several times more expensive than those independent services...
Analytics & Forecasts
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Seth Dompreh, 24 March 2016, 20:30
According to research conducted by the Bank of England, Sterling has been “fashionable” and has driven movements in G-10 FX five times since the start of the Global Financial Crisis . In the year to date, Sterling has already weakened significantly versus the major currencies...
Analytics & Forecasts
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Vasilii Apostolidi, 24 March 2016, 18:15
U.S. fifty dollar bills are run through a counting machine inside a currency exchange store in Mexico City, Mexico. The dollar is flexing its muscles again, now that Fed officials are suggesting a rate hike may come sooner rather than later...
Analytics & Forecasts
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Seth Dompreh, 24 March 2016, 18:15
Slumping commodity prices have taken African currencies down with them, exposing the fundamental economic frailties of the world's poorest continent by driving up inflation in countries that import most of their manufactured goods...
Currency
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Seth Dompreh, 24 March 2016, 18:02
The problem with introducing a tax on currency transactions in China: It’s probably too late. Taxing foreign exchange transactions – sometimes known as a Tobin tax – aims to limit short term currency transactions by making them more costly...
Analytics & Forecasts
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Seth Dompreh, 24 March 2016, 17:58
The angst generated in international circles by global currency wars was on full display this week, after it was revealed US Treasury officials had "expressed concern" the Reserve Bank of Australia had tried to talk down the local currency...
Analytics & Forecasts
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Seth Dompreh, 24 March 2016, 17:55
Despite Federal Reserve Chair Janet Yellen’s cautious tone on price data, our economists expect a steady uptrend in inflation and see a strong argument for the Fed to overshoot the 2% inflation target...
Analytics & Forecasts
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Vasilii Apostolidi, 24 March 2016, 16:57
Central banks have reduced official interest rates to historically lows, either near zero (known as ZIRP or Zero Interest Rate Policy). Long term bond rates are also at historically low levels...
Market News
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Francis Dogbe, 24 March 2016, 16:28