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UK House Prices Climb For Third Month: Rightmove The average asking price for a house in the United Kingdom increased for the third straight month in March, the latest survey from Rightmove revealed on Monday. House prices in England and Wales climbed 1.3 percent month-over-month in March...
Market News
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Roberto Jacobs, 21 March 2016, 07:31
Daily Analysis of USDX for March 21, 2016 USDX is being supported by the 94.69 level, where a lower low pattern formation is seen on the H1 chart. The 200 SMA on this timeframe is bearish and that scenario is still favored for at least during this week...
Analytics & Forecasts
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Roberto Jacobs, 21 March 2016, 07:28
Daily Analysis of GBP/USD for March 21, 2016 The pair is currently working out a strong intraday bullish bias on the H1 chart, as it has been trading above the support level of 1.4423, which remains stable as a strong demand zone in a short-term basis...
Analytics & Forecasts
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Roberto Jacobs, 21 March 2016, 07:25
EURUSD continued its climb higher last week after finding support at the key 1.1060 handle. This came after further action from the ECB on March 10th fueled a 400-pip rally that put the pair well above the area. The coming week offers a fairly tight range between new support at 1...
Weekly Trends
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Francis Dogbe, 21 March 2016, 07:18 #Trading, forex
Asian Stocks Slip as Oil Skids; China up Most Asian stock markets slipped on Monday after three consecutive weeks of gains as a retreat in oil prices made investors cautious, but losses were tempered by hopes that China may soon cut interest rates again as pressure on the yuan eases...
Market News
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Roberto Jacobs, 21 March 2016, 07:11
Crude Oil Falls for Second Day as U.S. Rig Count Rises Crude oil slid for a second session on Monday, falling further from last week's 2016 highs on concerns over a supply glut after the U.S rig count rose for the first time since December. U.S...
Crude Oil
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Roberto Jacobs, 21 March 2016, 06:59 #crude oil
As brazen heists go, it was a quiet one. Over a single weekend in February, hackers managed to extract tens of millions of dollars from Bangladesh's central bank before anyone noticed. Now the bank is in turmoil, its governor has resigned and much of the cash is missing...
Banks
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Francis Dogbe, 21 March 2016, 06:30
PBOC Warns About Rising Corporate Debt People's Bank of China (PBOC) Governor Zhou Xiaochuan fired a warning shot regarding the elephant in the room – corporate debt. "Lending as a share of GDP, especially corporate lending as a share of GDP, is too high," PBOC leader said...
Market News
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Roberto Jacobs, 21 March 2016, 06:28
Not since 1999 have China's companies had so much trouble getting customers to actually pay for what they've bought. It now takes about 83 days for the typical Chinese firm to collect cash for completed sales, almost twice as long as emerging-market peers...
Market News
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Francis Dogbe, 21 March 2016, 06:27 #China
German Yield Curve After the ECB – Goldman Sachs Huw Pill, Research Analyst at Goldman Sachs, suggests that the flattening of the German yield curve following the ECB’s announcement of additional asset purchases was modest...
Market News
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Roberto Jacobs, 21 March 2016, 06:26 #Goldman Sachs
AUD/USD Off Lows, but Stays Below 0.76 AUD/USD recovered from session lows, but remains on a back foot below 0.76 handle after China’s central bank fired a warning shot about corporate debt levels. USD remains under pressure Losses were capped at 0...
Currency
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Roberto Jacobs, 21 March 2016, 06:24
NZ Dollar Drops Against Majors The New Zealand dollar weakened against the other major currencies in the Asian session on Monday. The NZ dollar fell to 5-day lows of 1.6702 against the euro and 75.13 against the yen, from last week's closing quotes of 1.6567 and 75.71, respectively. Against the U...
Currency
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Roberto Jacobs, 21 March 2016, 06:21
Australian Dollar Falls Most Majors The Australian dollar weakened against most major currencies in the Asian session on Monday. The Australian dollar fell to a 6-day low of 84.22 against the yen, from Friday's closing value of 84.74. Against the euro and the U.S...
Currency
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Roberto Jacobs, 21 March 2016, 06:20
Russia: CBR Maintains its Cautious Stance – TDS Paul Fage, Senior Emerging Markets Strategist at TDS, notes that at its recent board meeting the CBR kept its Key Rate on hold at 11.0%. Key Quotes “This was in line with our and the consensus expectation...
Market News
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Roberto Jacobs, 21 March 2016, 05:54
NZD: Settled into a Trading Range - BNZ Jason Wong, Currency Strategist at BNZ, notes that after a sharp fall earlier in the year, the NZD has settled into a trading range...
Currency
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Roberto Jacobs, 21 March 2016, 05:52
New Zealand Net Migration Continues To Rise In February New Zealand's net migration increased further in February, driven by more arrivals from Australia, figures from Statistics New Zealand showed Monday. In the year to February 29, the country recorded a net migration of 67,400...
Market News
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Roberto Jacobs, 21 March 2016, 05:49
Yen Rises Against Majors The Japanese yen strengthened against the other major currencies in the Asian session on Monday. The yen rose to 125.43 against the euro and 160.65 against the pound, from last week's closing quotes of 125.65 and 161.47, respectively. Against the U.S...
Currency
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Roberto Jacobs, 21 March 2016, 05:42
Indian Rupee Erases Previous Gain Against US Dollar, Intraday Bias Remains Bullish USD/INR is currently trading at 66.55 marks. It made intraday high at 66.55 and low at 66.46 levels. Intraday bias remains bullish for the moment. A daily close below 66...
Analytics & Forecasts
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Roberto Jacobs, 21 March 2016, 05:39
FXWIREPRO: EUR/JPY Capped Below 10-Dma at 125.75, Momentum Bearish EUR/JPY is extending decline, sees strong trendline resistance at 126.20. Some rumors of a possible BOJ's intervention, lead to a slide in the Japanese currency by the end of the week...
Analytics & Forecasts
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Roberto Jacobs, 21 March 2016, 05:36
FXWIREPRO: Nikkei225 Faces Major Resistance Around 17000, Good to Buy at Dips Major resistance - 17000 The index has slightly recovered after making a low of 16569. It is currently trading around 16664.Short term trend is bullish as long as support 16500 holds...
Analytics & Forecasts
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Roberto Jacobs, 21 March 2016, 05:34