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Dovish Central Banks Support Global Financial Markets – Danske Bank Research Team at Danske Bank, suggests that the world’s major economies have held central bank meetings during March and across the central banks there has been a convergence in sending a common message that it is appropriate to...
Market News
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Roberto Jacobs, 21 March 2016, 08:19
EUR/GBP in Highs Above 0.7800 The now softer tone around the sterling is allowing EUR/GBP to clinch session highs in the 0.7810/15 band. EUR/GBP attention to risk trends The cross is looking to recover part of last week’s drop to the mid-0...
Currency
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Roberto Jacobs, 21 March 2016, 08:16
Fed: Back to Old Habits? - ANZ Research Team at ANZ, suggests that with the benefit of a couple more days and the fact that markets have settled somewhat, it is little easier now to reflect on the Fed’s decision and surprise dovishness last week...
Market News
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Roberto Jacobs, 21 March 2016, 08:14 #Fed
Gold drops below hourly 100-MA Gold prices failed to sustain above 10-DMA and fell below hourly 100-MA level of 1247.84 levels despite drop in the US treasury yields. Drops to $1240 Prices printed a session low of $1240/Oz in early Europe and now continue to trade around $1242 levels...
Metals
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Roberto Jacobs, 21 March 2016, 08:10 #gold
US: Existing Home Sales and Fed’s Locker Speech in Focus - TDS Research Team at TDS, suggests that the US economic calendar is quite thin...
Market News
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Roberto Jacobs, 21 March 2016, 08:05
EUR/USD Stays Below Key Fibo Level, Awaits German BUBA Report The EUR/USD founds bids around 1.1250 in early Asia, but lacks momentum to test/take out 1.1293 (23.6% of May 2014 high-Mar 2015 low). The currency pair trimmed gains from 1.1285 to trade around 1.1270 levels. Strong support around 1...
Market News
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Roberto Jacobs, 21 March 2016, 08:02
JPY: Why won’t it Fall? - Rabobank Jane Foley, Research Analyst at Rabobank, suggests that the rebound in risk appetite since the middle of February has allowed the DJIA to recoup all of the losses registered at the start of the year...
Currency
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Roberto Jacobs, 21 March 2016, 07:59
Fundamentals to Watch Out for This Week Compared to last two weeks, this week isn’t that risk heavy but events lie which could act as forward guidance...
Market News
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Roberto Jacobs, 21 March 2016, 07:37
Canadian Dollar Slides Against Majors The Canadian dollar weakened against the other major currencies in the Asian session on Monday. The Canadian dollar fell to 4-day lows of 1.3070 against the U.S. dollar, 85.11 against the yen and 1.4743 against the euro, from last week's closing quotes of 1...
Currency
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Roberto Jacobs, 21 March 2016, 07:33
UK House Prices Climb For Third Month: Rightmove The average asking price for a house in the United Kingdom increased for the third straight month in March, the latest survey from Rightmove revealed on Monday. House prices in England and Wales climbed 1.3 percent month-over-month in March...
Market News
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Roberto Jacobs, 21 March 2016, 07:31
Asian Stocks Slip as Oil Skids; China up Most Asian stock markets slipped on Monday after three consecutive weeks of gains as a retreat in oil prices made investors cautious, but losses were tempered by hopes that China may soon cut interest rates again as pressure on the yuan eases...
Market News
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Roberto Jacobs, 21 March 2016, 07:11
Crude Oil Falls for Second Day as U.S. Rig Count Rises Crude oil slid for a second session on Monday, falling further from last week's 2016 highs on concerns over a supply glut after the U.S rig count rose for the first time since December. U.S...
Crude Oil
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Roberto Jacobs, 21 March 2016, 06:59 #crude oil
PBOC Warns About Rising Corporate Debt People's Bank of China (PBOC) Governor Zhou Xiaochuan fired a warning shot regarding the elephant in the room – corporate debt. "Lending as a share of GDP, especially corporate lending as a share of GDP, is too high," PBOC leader said...
Market News
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Roberto Jacobs, 21 March 2016, 06:28
Not since 1999 have China's companies had so much trouble getting customers to actually pay for what they've bought. It now takes about 83 days for the typical Chinese firm to collect cash for completed sales, almost twice as long as emerging-market peers...
Market News
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Francis Dogbe, 21 March 2016, 06:27 #China
German Yield Curve After the ECB – Goldman Sachs Huw Pill, Research Analyst at Goldman Sachs, suggests that the flattening of the German yield curve following the ECB’s announcement of additional asset purchases was modest...
Market News
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Roberto Jacobs, 21 March 2016, 06:26 #Goldman Sachs
AUD/USD Off Lows, but Stays Below 0.76 AUD/USD recovered from session lows, but remains on a back foot below 0.76 handle after China’s central bank fired a warning shot about corporate debt levels. USD remains under pressure Losses were capped at 0...
Currency
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Roberto Jacobs, 21 March 2016, 06:24
NZ Dollar Drops Against Majors The New Zealand dollar weakened against the other major currencies in the Asian session on Monday. The NZ dollar fell to 5-day lows of 1.6702 against the euro and 75.13 against the yen, from last week's closing quotes of 1.6567 and 75.71, respectively. Against the U...
Currency
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Roberto Jacobs, 21 March 2016, 06:21
Australian Dollar Falls Most Majors The Australian dollar weakened against most major currencies in the Asian session on Monday. The Australian dollar fell to a 6-day low of 84.22 against the yen, from Friday's closing value of 84.74. Against the euro and the U.S...
Currency
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Roberto Jacobs, 21 March 2016, 06:20
Russia: CBR Maintains its Cautious Stance – TDS Paul Fage, Senior Emerging Markets Strategist at TDS, notes that at its recent board meeting the CBR kept its Key Rate on hold at 11.0%. Key Quotes “This was in line with our and the consensus expectation...
Market News
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Roberto Jacobs, 21 March 2016, 05:54
NZD: Settled into a Trading Range - BNZ Jason Wong, Currency Strategist at BNZ, notes that after a sharp fall earlier in the year, the NZD has settled into a trading range...
Currency
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Roberto Jacobs, 21 March 2016, 05:52