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Latest Forex News
Rockefeller Treasury Services, Inc. Analytics | 21 of April
Yesterday’s one day, one-way move was not enough to make the history books—and indeed it appears to be reversing this morning—but it was a fairly rare move. The euro flopped from 1.1388 at 8 am by 100 points by the 5 pm close.... (Read more)
Daily Technical & Fundamental Analysis
Fundamental Analysis | EURUSD / GBPUSD | 22 of April
Yesterday's speech of Mario Draghi at the press conference, as usual, was solid and strong. After using almost all possibilities of monetary easing, Draghi reiterated about willingness to use "all available tools to achieve the goal".... (Read more)
Latest Forex News
Rockefeller Treasury Services, Inc. Analytics | 22 of April
Yesterday we proposed the goofy idea that the three big central banks—the Fed, the ECB and the BoJ, presumably with a nod from the BoE—were coordinating interest rate policy behind the scenes. The Fed agreed to halt hikes and thus freeze divergence, while the ECB would give up whatever hopes it had of managing inflation by using the exchange rate.... (Read more)
Daily Technical & Fundamental Analysis
Fundamental Analysis | EURUSD / GBPUSD | 25 of April
By the end of Friday's trading, the euro expectedly fell by 64 pips, however the pound sterling rose by 85 pips. Growth seems unexpected against the background of publication of the first GDP estimate for the 1st quarter, the forecast is 0.4% vs. 0.6% in the 4th quarter.... (Read more)
Daily Technical & Fundamental Analysis
Daily Analysis from EW-Forecast | EURUSD | 25 of April
EURUSD was moving higher in March and reached 1.1400-1.1500 area where upside was limited after the recovery from 1.0518 was made in seven legs. That's a structure of a corrective price action, so ideally it represents wave C-circled as part of a big triangle in black wave IV.... (Read more)
Latest Forex News
IMF forecast on the Persian Gulf
According to experts' forecasts, the economic growth of Gulf countries will fall to 1.8% by the end of 2016. This is primarily due to the budget deficit, with which oil producer countries are struggling for a long time. Level reached 11.6% from GDP....(Read more)
Latest Forex News
Rockefeller Treasury Services, Inc. Analytics | 25 of April
This is going to be an awful week. In addition to data, mostly on housing but also advance Q1 GDP (Thursday), we have two major central bank meetings, the Fed and the BoJ. The RBNZ also meets.... (Read more)
Daily Technical & Fundamental Analysis
Fundamental Analysis | EURUSD / GBPUSD | 26 of April
Major players in market are not hurry to take any important decisions until the Fed meeting. Yesterday euro held its position even against the background of weak data on German Ifo Business Climate: 106.6 actual value against the expected 107.1 and 106.7 in March.... (Read more)
Latest Forex News
Further perspectives of BP
The second largest publically traded oil and gas company in the world - BP - announced yesterday about the probable further decrease of capital expenditures after the publication of data on sharp decline in profits by 80% in the first quarter of this year.... (Read more)
Latest Forex News
Rockefeller Treasury Services, Inc. Analytics | 26 of April
We wrote yesterday that inflation is not high on the list of factors the bond gang is contemplating, higher yields notwithstanding, and that may make the current bout of near-2% rates a temporary aberration. The WSJ calls higher rates a “false dawn.” See the tradingeconomics.com chart below.... (Read more)