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The surprised dovishness of the Fed is leaving its mark on the rates market and USD. In our view, it seems as though USD may be returning to where it was in February, unable to decide whether to appreciate or to depreciate in the medium term...
Analytics & Forecasts
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Vasilii Apostolidi, 17 March 2016, 17:19
GBP/JPY: Bullish Move Stalled Around Hourly 200-MA The bullish momentum in the GBP/JPY cross appears to have run out of steam around hourly 200-MA located at 161.27 levels as Cable is struggling to break above 1.45 handle. Bid above 23.6% Fibo The pair ran into bids after it recovered above 159...
Currency
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Roberto Jacobs, 17 March 2016, 16:57
James Knightley, Research Analyst at ING, notes that the Bank of England voted unanimously to leave Bank Rate at 0.5% and the size of the asset purchase facility at £375bn...
USD/CHF Falls to 2016 Lows Near 0.9650 The increasing selling pressure hitting the greenback has dragged USD/CHF to post fresh YTD lows in the mid-0.9600s so far...
Currency
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Roberto Jacobs, 17 March 2016, 16:55 #usdchf
EUR/GBP Hit Fresh Session Low, Nears 5-DMA The EUR/GBP cross hit a fresh session low of 0.7813 in the US session as Cable extended gains to 1.45 in an impulsive move, while the EUR/USD pair lagged. Offered above 0.79 The cross turned lower from the high of 0...
Currency
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Roberto Jacobs, 17 March 2016, 16:50
GBP/USD Struggles to Surpass 1.4500 The upside momentum around the sterling remains unabated today, although GBP/USD still can’t break above 1.4500 on a sustainable basis. GBP/USD bolstered by USD weakness Spot has advanced to fresh 4-week highs just above the 1...
Currency
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Roberto Jacobs, 17 March 2016, 16:47
According to analysts from Danske Bank, the decision and the statement from the Federal Reserve, was a very dovish message to the markets. “As widely expected, the Fed maintained the Fed funds target rate unchanged at 0.25%- 0.50% (Kansas City Fed’s George dissented and voted for a hike...
Analytics & Forecasts
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Vasilii Apostolidi, 17 March 2016, 16:44 #Fed
US Dollar challenges lows near 94.70 The greenback, tracked by the US Dollar Index, remains under pressure today, currently testing the lower end of the range near 94.70...
Currency
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Roberto Jacobs, 17 March 2016, 16:42
Fears of Donald Trump's isolationist agenda may be impacting negatively on the dollar. Analysts at Credit Suisse have broadly down-graded their outlook for the dollar based on the potential devaluation caused by of fears Donald Trump could be the next president of the U...
Analytics & Forecasts
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Vasilii Apostolidi, 17 March 2016, 16:40
EUR/USD Revisiting Daily Highs Above 1.13 Another wave of USD selling hit the markets, pushing the EUR/USD in the vicinity of the session high of 1.1342 set earlier today. Weak stocks support EUR The major US equity indices are trading in the red, which adds to the bullish tone around EUR...
Currency
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Roberto Jacobs, 17 March 2016, 16:39
U.S. Leading Economic Index Rises Slightly Less Than Expected In February A reading on leading U.S. economic indicators inched up by slightly less than expected in the month of February, according to a report released by the Conference Board on Thursday...
Market News
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Roberto Jacobs, 17 March 2016, 16:36
The Fed kept rates unchanged in March but lowered significantly its median projections for future rates in 2016, 2017 and beyond. The Fed did all that while keeping its growth, inflation and unemployment forecasts for the US little changed...
Analytics & Forecasts
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Vasilii Apostolidi, 17 March 2016, 16:36
Pound Spikes Up As BoE Leaves Interest Rate On Hold The pound strengthened against its key counterparts in European deals on Thursday, as the Bank of England policymakers unanimously decided to keep the interest rates unchanged, while observing that "it is more likely than not that" the key rate...
Market News
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Roberto Jacobs, 17 March 2016, 16:33
After testing a multi month descending trend at 1.08 earlier this month, EUR/USD has embarked on a recovery and is now breaking above 1.1250 which happens to be the 76.4% retracement from last month highs, notes SocGen. "More importantly it is the upper limit of a weekly descending channel...
Analytics & Forecasts
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Vasilii Apostolidi, 17 March 2016, 16:24
How to manage Overfitting...
Statistics
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Andrea Ferrari, 17 March 2016, 16:21
Talk of the BOJ doing a ring-around Here we go with the intervention stuff. For those that don't know the drill, the BOJ like to pick up the phone to banks just to ask the rate. That's usually enough to have the market covering for fear of real intervention...
Analytics & Forecasts
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Francis Dogbe, 17 March 2016, 16:15
The U.S. Federal Reserve's latest economic projections contain an encoded message crucial to understanding the central bank's policies: Inflation has been stuck below the Fed's target in part because officials don’t actually want to get it back up...
Analytics & Forecasts
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Francis Dogbe, 17 March 2016, 16:10 #Fed
BNP Paribas economists remain of the view that the economic backdrop will remain too uncertain to allow a rise in Fed rates in the short-term, while slower growth later this year will keep it on hold for longer...
Analytics & Forecasts
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Vasilii Apostolidi, 17 March 2016, 15:02 #EUR/USD
The result of the short position in #EURUSD was fixed on a breakthrough of the fractal level up. Here we have opened a long position, which currently brings more than 150 points of #profit. Find out more by checking out the Source Link...
The result of the short position in #Gold was fixed at the level of fractal up. Here we have opened an order to buy, which is now in the market. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...