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Gold Jumps Near $1270 As Fed Turns Skittish Gold prices surged Thursday morning after yesterday's surprisingly dovish Federal Reserve statement. Nervous about the global economy, the Fed predicted two rate hikes in 2016 instead of four...
Swiss National Bank Retains Negative Interest Rates The Swiss National Bank retained its negative interest rate and repeated that it will be active in the foreign exchange market as the Swiss franc remains significantly overvalued...
Euro Rises As Eurozone Core Inflation Beats Forecasts The euro strengthened against most major rivals in the European session on Friday, as the Eurozone annual core inflation rose more than expected in February...
Strategist at Westpac Sean Callow believes the pair could attempt a run towards 0.77 or even 0.78 in the near term. “After the iron ore rally hit a wall, AUD/USD has received a second wind from the Fed”...
Prakash Sakpal, Economist at ING, suggests that in China with reducing excess housing inventories being a major task for this year housing policy is a watching brief for new stimulus measures. “The 70-cities new home price data for February is due tomorrow at 9.30am local time...
FOMC: Surprise Came in the Downward Adjustment of the Dot Plot - Rabobank Bas van Geffen, Quantitative Analyst at Rabobank, notes as widely expected the FOMC decided to leave rates on hold. Key Quotes “The surprise came in the magnitude of the downward adjustment of the dot plot...
The research team at UOB Group sees the Aussie dollar well supported around 0.7415. “The sudden overnight surge in AUD appears to have scope to extend higher but at this stage, a clear break above the major resistance at 0.7600 appears unlikely”...
GBP/USD Advances Above 1.4400 on BoE The buying interest remains solid around the British pound, with GBP/USD now flirting with session highs beyond 1.4400 the figure...
Swiss lender Credit Suisse expect the EUR/USD exchange rate to reach 1.17 by year end due to a policy shift by the European Central Bank away from targeting exchange rates. Euro forecast to rise to 1...
It is the Bank of England (BOE) Rate Meeting today, but with no chance of a policy change (BofAML) suggest concentrating on the minutia of the minutes. The BOE rate meeting today is not expected to result in any major policy changes...
Julien Manceaux, Research Analyst at ING, notes that the Swiss National Bank left its monetary stance unchanged at its March meeting. “The target range for the 3m Libor therefore remains at -1.25%/-0.25% with a negative deposit rate of -0...
The U.S. currency came under serious pressure versus its competitors in FOREX on all fronts. Thus, #USDJPY #quotes have left borders of the graphic pattern "triangle", which was relevant during the past few weeks, breaking its lower border. Find out more by checking out the Source Link...
A technical picture in #USDCAD has changed dramatically. The #Fed meeting gave bears in the pair an opportunity to successfully storm the support line of the medium-term uptrend. It is recommended to hold short positions opened on a breakthrough of a support line...
The British pound to dollar exchange rate (GBPUSD) recovered strongly in the wake of the US Federal Reserve’s March policy meeting, the gains could however be brief...
As widely expected, the Fed maintained the Fed funds target rate unchanged at 0.25%-0.50% - but the Fed sent a dovish signal...
The research team at UOB Group sees gains inEUR/USD to be limited in the near term. Key Quotes “The overnight high has been 1.1242 which was just below the 1.1245 target that was first indicated last Friday”...
Strategist at Westpac Richard Franulovich has recommended going long USD on pullbacks towards the 94.00-95.00 area...
Richard Franulovich, Strategist at Westpac, suggested the 1.35-1.36 area could cap occasional gains. “This could be it for USD/CAD’s downleg since midJan, neither CA-US 2yr bond spreads nor oil prices offering much confidence for sustained trade in USD/CAD sub-1.35”...
Dollar Index Technical Analysis for March 17, 2016 The Dollar index made a new low yesterday breaking the triangle pattern downwards after the FOMC meeting. Trend remains bearish as we approach the important support area of 95...
