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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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
Risk-off trades re-emerged in Asia following the release of weak Chinese trade data, which boosted gold’s safe-haven appeal and aided the recovery in the bullion from near 1066 levels. Gold: Revisits daily highs near 1072.50 Currently, gold trades marginally higher at 1071...
Research Team at BBH, notes that China's reserves fell by a little more than $87 bln in November, marking its third largest decline it has recorded, and a little below the $94 bln drop reported in August. Key Quotes “The euro fell 4% in November...
The EUR/JPY wavers in a tight range after opening a tad higher at Tokyo on the back of higher demand for the yen following negative equities and above estimates Japan’s Q3 GDP figures. EUR/JPY: Bearish pressures intact Currently, the EUR/JPY pair drops -0.06% to 133.60, with 5-DMA at 133...
The EUR/USD’s recovery from near 1.08 handle gains further traction in mid-Asia, with the bulls jumping-off hourly 20-SMA support near 1.0830 region. EUR/USD bounces on increased safe-haven appeal Currently, the EUR/USD pair trades 0.20% higher at fresh session highs of 1...
EURGBP- Having reversed its intra day losses to close slightly higher on a rejection candle on Monday, bull pressure now builds up on resistance zone at 0.7250. On the upside, resistance lies at the 0.7240 level where a violation if seen will turn risk towards the 0.7280 level. Further out, the 0...
The Japanese yen snaps losses and extends gains against its American rival in the mid-Asian session, with USD/JPY breaching key support near 123.10 region. USD/JPY on its way to hourly 200-SMA Currently, the USD/JPY pair trades -0.24% lower at fresh session lows of 123...
The Aussie keeps range below hourly 20-SMA at 0.7278 following the release of the sluggish Chinese trade figures, which once again raised worries over the country’s external demand. China data disappoints again Currently, the AUD/USD pair trades -0.11% lower at 0...
USD CAD, “US Dollar vs Canadian Dollar”At the H1 chart, the price is moving at the top as well. If the pair breaks the +2/8 level during the day, the lines at the chart will be redrawn...
