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Research Team at Danske Bank, suggests that the market fosuc today will be on the release of Eurozone Q3 GDP numbers in addition to the UK manufacturing and industrial production data. Key Quotes “In the euro area the second release of Q3 GDP figures is due. We expect growth of 0...
Market News
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sathish kumar, 8 December 2015, 08:55
Mixed data from China and falling #oil prices led to reduction in major Asian #stock #indices. Today oil bears took a breath after significant overnight decline. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 8 December 2015, 08:51 #Trading, forex
The USD/CHF pair continues to trade around a flat-line over the last hours, meeting fresh supply near hourly 20-SMA at 1.0005 on every attempt to the upside. USD/CHF stuck in 20-pips narrow range Currently, the USD/CHF pair trades -0.09% lower at 0.9992, having posted day’s low at 0...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 08:50
Gold prices bounced off the hourly 200-MA at USD 1066.87 and now is eyeing the hourly 50-MA located at 1076.74 levels. Haven demand supports gold The weaker-than-expected Chinese trade data rattled investors, leading to risk-off in Asia, which could hit the European shores as well...
Metals
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sathish kumar, 8 December 2015, 08:47 #gold
Gold prices bounced off the hourly 200-MA at USD 1066.87 and now is eyeing the hourly 50-MA located at 1076.74 levels. Haven demand supports gold The weaker-than-expected Chinese trade data rattled investors, leading to risk-off in Asia, which could hit the European shores as well...
Metals
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sathish kumar, 8 December 2015, 08:44 #gold
The Japanese yen is seen consolidating gains against its American rival in early Europe, with USD/JPY stuck near lows and in search fresh incentives from the upcoming session. USD/JPY awaits European open Currently, the USD/JPY pair trades -0.22% lower at 123.11, managing to hold above 123 handle...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 08:40 #usd/jpy
EUR/JPY is following the directionless mood prevailing in the broader markets, currently navigating a narrow range around the 133.60 area. EUR/JPY indifferent to Japanese data The cross seems to have found some support around the 55-day sma near 133...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 08:35
The GBP/USD fell to a low of 1.5037 before recovering slightly to 1.5047 in early Europe as investors await the UK industrial and manufacturing production release. Eyes UK data Both, the industrial production and manufacturing production, are expected to stall in October...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 08:30 #GBP/USD
Strategists at TD Securities said consensus remains split on this week’s CBR rate decision. Key Quotes “We think the decision has become something of a coin toss as to whether the CBR keeps the Key Rate on hold at 11% or cuts by 50 bps”...
Market News
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sathish kumar, 8 December 2015, 08:26
The cross in the EUR/GBP extends its overnight recovery beyond 0.72 handle into Europe, having found good support at 200-DMA located at 0.7192. EUR/GBP gains on EUR strength Currently, the EUR/GBP pair trades 0.24% higher at 0.7216, hovering around fresh session highs reached at 0...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 08:17 #eur/gbp
Research Team at Goldman Sachs, suggests that after incorporating small downward revisions to inventories and public works, they forecast that Q3 real GDP will be revised to +0.2% from the preliminary -0.8% decline...
Market News
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sathish kumar, 8 December 2015, 07:44
Research Team at TDS, sees downside risks to UK Oct manufacturing output, where they see -0.6% (mkt -0.2%) after the healthy +0.8% for Sep. Key Quotes “The sector is feeling the strains of a relatively high GBP, and will continue to be a drag on UK growth...
Currency
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sathish kumar, 8 December 2015, 07:38
Research Team at BBH, expects that the BoE will keep policy is on hold though there may still be one (and only one) MPC member that is resisting, favouring a hike in its upcoming meet. Key Quotes “There have been four macro-developments for the MPC to consider...
Market News
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sathish kumar, 8 December 2015, 07:35 #Bank of England
The offered tone on the AUD picks-up pace in the late-Asian trades, drowning AUD/USD deeper into the red towards 50-DMA as markets digest weak China trade data. AUD/USD drops to fresh 5-day low Currently, the AUD/USD pair trades -0.57% lower at fresh five-day lows of 0...
Currency
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sathish kumar, 8 December 2015, 07:10
Research Team at BBH, suggests that the US employment data removed what was perceived as the last potential hurdle to Fed decision to hike rates later this month...
Market News
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sathish kumar, 8 December 2015, 06:52
Research Team at BBH, notes that a Bloomberg survey found 15 of 18 economists expect the RBNZ to cut the cash rate by 25 bp, bringing it to 2.50%. Key Quotes “The vast majority expect this to be the last cut in the cycle...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 06:48
Deutsche Bank made a long-term forecast for USD/SEK stated that this pair will continuing with the ranging condition up to the end of this year: the price is traded to be on bullish ranging within 8.02 support level and 8...
Currency
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Sergey Golubev, 8 December 2015, 06:11 #technical analysis
Research Team at NAB, notes that the latest NAB Monthly Business Survey suggests the apparent recovery in the non-mining economy has remained on track, with business conditions holding up at above average levels for the past nine months...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 05:42
In US dollar terms, China’s trade surplus contracted $54.10 billion for the month, down from October's record high of $61.64 billion. Imports fell for the 13th consecutive month, though the decline eased last month. Imports fell 8.7%, against forecasts of a 12.6 % decline and a drop of 18...
Market News
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sathish kumar, 8 December 2015, 05:38
Research Team at NAB economics, is forecasting Indian economy to register a 7.5% expansion in 2015, followed by 7.6% in 2016. Key Quotes • “India’s economy accelerated in the September quarter 2015, with Real GDP growing by 7.4% yoy, up from 7% in the June quarter...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 05:35