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BOJ's Funo - Next Easing May Not be a Rate Cut Bank of Japan board member Yukitoshi Funo was back on the wires stating the next policy easing may not necessarily be a rate cut...
Market News
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Roberto Jacobs, 23 March 2016, 07:29
Almost one year ago to the day the chief economist at the Bank of England, Andrew Haldane, gave a speech about the persistent weakness in underlying inflation and the implications for monetary policy...
Banks
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Francis Dogbe, 23 March 2016, 07:21 #Interest Rate
EUR/USD is Undergoing Broad Consolidation - SocGen Research Team at Societe Generale, suggests that after testing key levels 1.06/1.05 last year, EUR/USD is undergoing broad consolidation. Key Quotes “1.06/1.05 will decide about next leg of down cycle...
Analytics & Forecasts
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Roberto Jacobs, 23 March 2016, 06:50
Bangladesh Bank Weighs Lawsuit Against NY Fed Over Hack Dhaka: Bangladesh's central bank has hired a US lawyer for a potential lawsuit against the Federal Reserve Bank of New York after hackers stole US$81 million from its account with the NY Fed, according to an internal report by the Bangladesh...
Market News
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Roberto Jacobs, 23 March 2016, 06:43
FXWIREPRO: AUD/JPY Breaks Minor Trendline Resistance at 85.40, Good to Buy Dips RBA more cautious about talking down the AUD which partly disaapointed Aussie bears...
Analytics & Forecasts
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Roberto Jacobs, 23 March 2016, 06:35
Dear Friends, Great news! As a HotForex client, you now have access to 3 great sets of trading indicators from Trading Central that can help you to make better trading decisions...
Analytics & Forecasts
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Pankaj D Costa, 23 March 2016, 06:33
China: Not Engaging in Currency War - ING Prakash Sakpal, Economist at ING, suggests that their baseline is that the PBOC continues to manage the fixing “with reference to a basket of currencies” and their yearend USDCNY forecast is 6.65...
Market News
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Roberto Jacobs, 23 March 2016, 06:27 #China
FXWIREPRO: EUR/GBP Trading Just Shy of the 0.79 Handle, Sees Strong Resistance at 0.7911 Pound sterling likely to remain under pressure as terrorism attacks in Brussels fuelled risk of a Brexit...
Analytics & Forecasts
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Roberto Jacobs, 23 March 2016, 06:24
FXWIREPRO: NZD/USD Holds Above 10-Dma Support at 0.6728, Bias Lower NZD/USD was rejected at day's high by 0.6769, and has slipped lower to currently trade at 0.6737 levels. 10-DMA at 0.6728 is strong support for the pair, breaks below could see downside resume...
Analytics & Forecasts
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Roberto Jacobs, 23 March 2016, 06:20 #nzdusd
Gold Falls Sharply, Testing $1,231.00 Area Gold has seen a ferocious sell-off worth over $15.00 from over $1,250.00 at the beginning of Asia, all the way down to currently test $1,231.00, level where a strong short liquidation originated following the dovish FOMC last week. Gold overbought...
Analytics & Forecasts
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Roberto Jacobs, 23 March 2016, 06:16 #gold
Turkey: Security Threats and Policy Uncertainty Call for Bearish Outlook - TDS Cristian Maggio, Head of Emerging Markets Strategy at TD Securities, notes that the Turkey suffered a sixth deadly attack on 19 March, the second in Istanbul this year...
Market News
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Roberto Jacobs, 23 March 2016, 05:58
EUR/USD Faced With 1.12 Key Support EUR/USD has been consolidating in Asian trade, last exchanging hands just above the 1.12 handle, an area that was old resistance and that has not turned key support after the successful bullish rotation higher during March 16-17th...
Analytics & Forecasts
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Roberto Jacobs, 23 March 2016, 05:55
Eurozone: Better than Expected Flash PMIs - BBH Research Team at BBH, notes that the flash PMI from the euro area was slightly better than expected. Key Quotes “The preliminary March manufacturing reading was 51.4. This is in line with expectations and a little higher than the 51.2 in February...
Market News
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Roberto Jacobs, 23 March 2016, 05:53
RBA did not Talk Down the AUD - TDS Research Team at TDS, notes that yesterday’s RBA Stevens’ ASIC opening remarks were familiar, i.e. economy adjusting well but scope to ease. Key Quotes “Upbeat (as is usual for him when solo) is because it's "zeitgeist to look for downside...
Currency
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Roberto Jacobs, 23 March 2016, 05:51 #RBA
USD: Hawkish Fed Comments have Limited Impact on Sceptical Market - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the US dollar failed to derive much support from the recent more hawkish Fed comments highlighting that the market is more even more sceptical now that the Fed will follow th...
Analytics & Forecasts
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Roberto Jacobs, 23 March 2016, 05:49
EURAUD continues to tread water above trend line support that extends off the April 2015 low. I mentioned this level a few days before the ECB rate decision that took place on March 10th...
Analytics & Forecasts
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Francis Dogbe, 23 March 2016, 05:46
The U.S. central bank has become so cautious about raising interest rates at even a moderate pace that the once-fringe preference of one of its most dovish policymakers for super-slow interest-rate increases has gone mainstream...
Market News
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Francis Dogbe, 23 March 2016, 05:46 #Fed
UK Headline Inflation Slightly Weaker Than Market Expectations - TDS Research Team at TDS, notes that the UK February CPI release was in line with their expectations. Key Quotes “As the headline came in slightly weaker than the market expected, remaining unchanged at 0...
Market News
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Roberto Jacobs, 23 March 2016, 05:46 #inflation
RBA More Cautious About Talking Down the AUD – MUFG Lee Hardman, Currency Analyst at MUFG, suggests that the weakening global growth outlook and likelihood that China’s economy will continue to slow in the coming years does not appear to provide strong foundations for a sustainable and broad-base...
Currency
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Roberto Jacobs, 23 March 2016, 05:43 #RBA
German IFO Surprises in March - ING Carsten Brzeski, Research Analyst at ING, suggests that what initially was supposed to be a big day of German economic sentiment data, with releases of the three most prominent confidence indicators on one morning, has all of a sudden and tragically become a sa...
Market News
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Roberto Jacobs, 23 March 2016, 05:41