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Daily Analysis of USDX for March 18, 2016 The Index is currently working on performing a breakout below the support zone of 94.69, in order to extend the decline towards the 93.89 level, after a strong bearish move was seen during yesterday's session...
Analytics & Forecasts
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Roberto Jacobs, 18 March 2016, 07:39
Cameron Bagrie, Chief Economist at ANZ, notes that the NZ consumers continue to go about their daily business, if readings from the ANZ-Roy Morgan survey are anything to go by. “At 118.0 the index is down a smidgen on February (119.7), but in line with the historical average...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 07:36
Daily Analysis of GBP/USD for March 18, 2016 On the H1 chart, GBP/USD has been forming a higher high pattern after a bullish momentum gained above the 200 SMA. Currently, it's facing off the strong resistance around the 1...
Analytics & Forecasts
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Roberto Jacobs, 18 March 2016, 07:34
Martina Song, Research Analyst at Westpac, suggests that the dot plot was trimmed back again, FOMC participants indicating the appropriate fed funds rate is at 0.875% at the end of 2016. “This is 50bp lower than the Dec projection. The signal for four hikes in 2017 was retained...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 07:34 #FOMC
Antipodean Currencies Gain Amid Rising Risk Appetite Antipodean currencies such as the Australian and the New Zealand dollars strengthened against their major counterparts in the Asian session on Friday amid rising risk appetite following positive cues from Wall Street overnight and higher crude...
Currency
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Roberto Jacobs, 18 March 2016, 07:29
FXWIREPRO: NZD/USD Breaks Strong Resistance at 0.6850, Good to Go Long on Close Above, Target 0.6925 Broad based weakness in US Dollar and rising commodities buoying the Kiwi. The pair has broken strong resistance at 0.6850 on the day, but has pared some gains to currently trade at 0.6836 levels...
Currency
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Roberto Jacobs, 18 March 2016, 07:20
Artificial intelligence is poised to automate lots of service jobs. The White House has estimated there's an 83% chance that someone making less than $20 will eventually lose their job to a computer. That means gigs like customer service rep could soon be extinct...
Other
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Francis Dogbe, 18 March 2016, 07:20
Filling out a bracket for the NCAA championship basketball tournament is an annual highlight for sports fans like myself...
Other
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Francis Dogbe, 18 March 2016, 07:16 #investing, Trading
Fitch: Policy Outlook Positive for Aussie Bank Credit Profiles The Australian Prudential Regulation Authority's (APRA) prudential policy outlook for 2016 reinforces Fitch Ratings' view that regulatory developments over the next two to three years will strengthen the Australian banking system...
Market News
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Roberto Jacobs, 18 March 2016, 07:09
Lasse Holboell Nielsen, Research Analyst at Goldman Sachs, notes that the Norges Bank cut is policy rate by 25bp, in line with their and the consensus expectation (Cons, GS: +0.50...
More short-term USD weakness. "The dovish Fed – discouraging USD bulls – has led to a de-positioning move supporting the once shunned currencies. GBP, AUD and many emerging market currencies fall into this category...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 06:43
RBC recommends selling EUR/USD at 1.1320 with a target of 1.0920 and a stop at 1.1500 *The Royal Bank of Canada (RBC; French: Banque Royale du Canada), operating as RBC Financial Group, is the largest financial institution in Canada...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 06:26 #EUR/USD
*Skandinaviska Enskilda Banken AB (Swedish pronunciation: [skandɪˈnɑːvɪska ˈeːnˈɧɪlda ˈbaŋːkən], Scandinavian Individual Bank), abbreviated SEB, is a Swedish financial group for corporate customers, institutions and private individuals with headquarters in Stockholm, Sweden...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 06:16
* Credit Suisse Group is a Switzerland-based multinational financial services holding company, headquartered in Zürich, that operates the Credit Suisse Bank and other financial services investments...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 06:13
The term ‘Currency Wars’ was used by Brazil’s erstwhile Finance Minister, Guido Mantega, in September 2010 in response to moves by some (Asian) countries to resist upward pressure on their currencies from the weak US dollar...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 06:09
Eurozone Recovery Ongoing, Poitical Risks Rising - Moody's Moody's rating agency is crossing the wires, noting that the Eurozone recovery is ongoing, while political risks rising, Reuters reports...
Market News
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Roberto Jacobs, 18 March 2016, 06:08
Sean Callow, Research Analyst at Westpac, suggests that with a week to assess the fallout from the ECB’s raft of policy easing measures, they remain more impressed than the FX market seems to be. “EUR/USD was just below 1.10 as the various new policies were revealed, slipping to about 1...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 06:06
AUD/USD Bulls Hunting Down R1 for 0.77 Handle AUD/USD is currently making an addition run towards the 0.77 handle now in Asia as the greenback takes another beating. AUD/USD's price takes the RSI (14) 1hr to 67 and heads to R1 0.7717. The Yuan fix was at 6.4628 vs 6...
Currency
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Roberto Jacobs, 18 March 2016, 06:05
Jane Foley, Research Analyst at Rabobank, suggests that there was a common theme in the words of Fed Chair Yellen and in the policy statements offered by the SNB and Norges Bank. “All three cited weaker global growth as a reason for caution...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 06:04
Sean Callow, Research Analyst at Westpac, suggests that the dovish Fed tone came just in time for the AUD/USD rally, which had looked set to peter out after a failed attempt at 0.76 earlier in the week. “The record-breaking 18...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 06:03