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Analysts from The Bank of Tokyo-Mitsubishi UFJ, see theUSD/JPY neutral ahead of the next week, with price moving between 110.50 and 114.50. “Many Japanese investors will likely sell foreign assets at the beginning of FY16 to realize gains...
Analytics & Forecasts
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Vasilii Apostolidi, 31 March 2016, 20:42 #usd/jpy
Analytical Review of the Walt Disney Company’s Shares The Walt Disney Company, #DIS [NYSE] Services, Entertainment, USA Financial performance: Index –DJIA, S&P 500...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 20:42
Yuan Devaluation Hurting China's Big Caps - UOB Analysts at UOB group explained that China's Big Three state-owned airlines (China Southern Airlines Co., China Eastern Airlines Corp., and Air China Ltd.) combined suffered about US$2...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 20:36
NZD/USD: Can the Rally Carry On? NZD/USD is struggling to continue perform having been at the top of its game this week, following a sell-off in the greenback and a better performing commodities sector over the last couple of months. NZD/USD was a rally from 0...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 20:26 #nzdusd
Don't worry, UK Deficits are Financed with Ease - BTMU Analysts at Bank of Tokyo Mitsubishi explained that the current account deficit has not garnered too much attention in financial markets in part due to the evidence from the financial account that shows very strong foreign direct and portfoli...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 20:23
AUD/USD: Losing Conviction Ahead of RBA? AUD/USD continues to lack conviction as it presses on towards the 0.77 handle with failures there again earlier and offers sending the major commodity currency back to the half way point on the 0.7 handle...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 20:18
Monthly GDP increased by 0.6% m-o-m in January, much higher than expectations, and follows a 0.2% m-o-m rise in December. This is the strongest monthly growth since July 2011. Overall, this is a very positive report showing that growth continues to recover...
Analytics & Forecasts
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Vasilii Apostolidi, 31 March 2016, 19:34
The GBP to CAD rate enters the new month having found a modicum of support in the form of the 1.85 level. However, the outlook remains skewed in favour of the Canadian unit...
Analytics & Forecasts
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Vasilii Apostolidi, 31 March 2016, 19:29
The ‘Bernanke put’ was the idea that when growth risk is skewed to the downside meaningful declines in market sentiment will likely be met with aggressive monetary stimulus (cushioning market declines...
Analytics & Forecasts
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Vasilii Apostolidi, 31 March 2016, 19:27
Despite the bullish tone I still think EUR/USD looks a little high within than rate (not enough to go short, mind you). Crude prices continue to drift lower as inventory levels grow, but that hasn’t yet done anything to really hit risk sentiment or support the dollar...
Analytics & Forecasts
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Vasilii Apostolidi, 31 March 2016, 17:40 #EUR/USD
Those who were hoping for the pound sterling to bounce higher towards 1.30 will be sweating bullets. The British pound appears to be on the cusp of making its next break lower...
Analytics & Forecasts
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Vasilii Apostolidi, 31 March 2016, 16:42
The typically dovish Chicago Fed President Evans said that he still expected two rate hikes this year, in contrast to markets that are pricing a total of 18bp of tightening by year-end but the USD is struggling to benefit, however, as US 2y yields continue to move lower still, notes BNP Paribas...
Analytics & Forecasts
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Vasilii Apostolidi, 31 March 2016, 16:06 #EUR/USD
The EUR/USD is trading higher for the fourth consecutive day as traders continue to dump the US dollar after the Federal Reserve Chairwoman Janet Yellen pulled a dove out of the Fed's hat earlier this week...
Analytics & Forecasts
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Francis Dogbe, 31 March 2016, 16:04 #Fed
It's that man Charlie Evans again • Fed is close to full employment • Continued caution is called for due to low inflation • Sees one hike in the middle of the year and one at the end • Fed can move at any meeting...
Analytics & Forecasts
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Francis Dogbe, 31 March 2016, 16:01
The USD has a seasonal tendency to weaken in April especially if expressed via long AUD/USD, short GBP/USD, and short USD/NOK, notes ANZ. "Figure 1 shows how G10 and Asian currencies have performed during the month of April over the 2000- 15 period...
Analytics & Forecasts
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Vasilii Apostolidi, 31 March 2016, 15:37 #forex
A mixed bag of data for the UK has given sterling a boost, but also highlighted growing imbalances in the economy. This morning saw the release of a welter of data, the most significant of which was the final estimate for UK Q4 GDP...
Analytics & Forecasts
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Vasilii Apostolidi, 31 March 2016, 15:33
Any assumption that Brexit risks to the British pound have now passed would be misguided argue analysts at Capital Economics. The pound to dollar exchange rate has moved higher as concerns over the prospect of an UK exit from Europe recede...
Analytics & Forecasts
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Vasilii Apostolidi, 31 March 2016, 15:32
GBP has come back sharply, with the cross rate leading the way and ripping back up to new highs on the day at .7920. Many will point to European central bank demand, but in Cable we also noted a wealth of offers lining up ahead of 1...
Analytics & Forecasts
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Vasilii Apostolidi, 31 March 2016, 14:53
The Australian Dollar has broken higher recently after staying in a range during most of 2015, but can it sustain these elevated heights? The AUD/USD pair is currently trading in the 0.76s after “blasting” through the 0...
Analytics & Forecasts
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Vasilii Apostolidi, 31 March 2016, 14:48
The Canadian dollar is gathering further traction vs. its American peer on Thursday, quickly dragging USD/CADto fresh lows in sub-1.2900 levels...
Analytics & Forecasts
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Vasilii Apostolidi, 31 March 2016, 14:41 #usd/cad