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Former first minister Alex Salmond has called for a fresh look at the currency options for an independent Scotland. He said he still favoured the use of Sterling, but said the independence case needs "refurbishment...
Currency
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Seth Dompreh, 24 March 2016, 11:17
Markets could be too sanguine about the risks to the euro exchange rate complex posed by a Brexit and there is a risk therefore that sterling is being chased too far into the red. The pound has fallen notably versus the euro, from a starting point up at the 1...
Analytics & Forecasts
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Vasilii Apostolidi, 24 March 2016, 11:16
After being Wall Street’s whipping boys, bank stocks may be in position to mount a comeback. At least, Barclays analysts think so. Among the S&P 500’s 10 sectors, banks have been the worst performer, down 6.5% year to date, according to FactSet data as of March 23.READ MORE...
Analytics & Forecasts
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Seth Dompreh, 24 March 2016, 11:10
Oil futures move firmly lower in Thursday’s trade, adding to losses after their biggest one-day rout in more than a month in the wake of disappointing supply data. READ MORE...
Analytics & Forecasts
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Seth Dompreh, 24 March 2016, 11:06
EUR/USD: Neutral: In a broad 1.1120/1.1375 range now. We just shifted to a neutral stance yesterday and there is no change to the view. The current movement is likely part of a broad consolidation phase and we expect this pair to trade within a broad 1.1120/1.1375 range from here...
Pound drops further on ‘Brexit’ fears Permalink Facebook Twitter Expand/Collapse...
Analytics & Forecasts
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Seth Dompreh, 24 March 2016, 11:00
GBP/USD may extend the decline from earlier this week amid concerns surrounding the UK Referendum, while retail sentiment pushes back to near-term extremes. Continue Reading...
Analytics & Forecasts
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Seth Dompreh, 24 March 2016, 10:50
USDCAD is responded a critical support confluence with our near-term focus higher against today’s low. Here are the updated targets & invalidation level...Continue Reading...
Analytics & Forecasts
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Seth Dompreh, 24 March 2016, 10:48
Oil prices shrank after DoE data confirmed a huge build in crude stocks. Gold slipped on hawkish Fedspeak and copper fell with stocks Continue Reading...
Crude Oil
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Seth Dompreh, 24 March 2016, 10:46
The SARB delivered another 25bp hike at its March MPC meeting last week, against our own expectation that a significant improvement in its inflation forecast would prompt a pause. • While we were correct in anticipating a large downward revision to its 2017 CPI forecast – now in line with our 6...
Analytics & Forecasts
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Batur Asmazoglu, 24 March 2016, 10:46
Czech Economic Sentiment Weakens For Second Month Czech economic sentiment declined for the second straight month in March, survey figures from the Czech Statistical Office showed Thursday. The economic confidence index fell to 11.9 in March from 12.3 in the previous month...
Market News
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Roberto Jacobs, 24 March 2016, 10:35
Hungary Q4 Current Account Surplus Shrinks Hungary's current account surplus decreased more-than-expected in the three months ended December, figures from the Magyar Nemzeti Bank showed Thursday. The current account surplus shrank to EUR 1.01 billion in the fourth quarter from EUR 1...
Market News
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Roberto Jacobs, 24 March 2016, 10:34
French Factory Confidence Unexpectedly Eases In March France's manufacturing confidence unexpectedly weakened for the first time in four months in March, as the assessment on order book levels and businesses' expectations on their production deteriorated, survey results from INSEE showed Thursday...
Market News
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Roberto Jacobs, 24 March 2016, 10:32
ECB Bulletin Downplays Importance of Core Inflation Measure The European Central Bank (ECB) monthly bulletin releases today showed the bank feels Harmonized Index of Consumer Prices (HICP) ex-energy or core HICP is not an ‘ideal’ measure of underlying inflation...
Analytics & Forecasts
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Roberto Jacobs, 24 March 2016, 10:29
The pound has clearly been the under-performer this week and in the G10 space is the worst performing currency, notes BTMU. "The resignation of Ian Duncan Smith late on Friday has fuelled concerns over a more damaging division within government over ‘Brexit’...
Analytics & Forecasts
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Vasilii Apostolidi, 24 March 2016, 10:29 #GBP/USD
GBP/USD All the Attention to 1.4000 – UOB The research team at UOB Group has noted the relevance of the critical support at 1.4000 the figure...
Analytics & Forecasts
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Roberto Jacobs, 24 March 2016, 10:26
USD/CHF Still Targets 0.9806 Near Term – Commerzbank In view of Axel Rudolph, Senior Technical Analysis at Commerzbank, the pair could reach the 0.9800 area in the shorter run. Key Quotes “USD/CHF has sold off to and continues to rebound from the 2015-2016 uptrend at .9643”...
Analytics & Forecasts
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Roberto Jacobs, 24 March 2016, 10:24 #usdchf
USD/CAD eases from highs near 1.3280 The greenback has resumed its advance vs. its Canadian peer today, with USD/CAD testing fresh highs in the 1.3280 area, albeit deflating afterwards...
Currency
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Roberto Jacobs, 24 March 2016, 10:22
EUR/USD Stays Weak Despite 1% Drop in Stoxx 50 Index The drop in the European equity markets is offering no support to the common currency, leaving the EUR/USD pair weaker around 1.1160 levels...
Market News
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Roberto Jacobs, 24 March 2016, 10:21
Bunds Edge Higher as Credit Spreads Resume Yday’s Late Widening (Bloomberg) -- Bund futures extend gains, rises as much as 44 ticks to 163.17 as credit spreads continue to widen, stocks weaken steadily since the cash open. iTraxx xover 5Y rises 11bps, Stoxx 600 falls 1...
Analytics & Forecasts
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Batur Asmazoglu, 24 March 2016, 10:10