RBNZ: Steady as she goes

New Zealand Dollar | EconAlerts

RBNZ is to announce its interest rate tonight at 20:00 (GMT) and is expected to remain on hold at +1.75%. The market has priced in the probability to remain on hold at 99.88% and the financial data also support the case as the inflation is currently at +1.6%, below RBNZ’s target range of 2-3%. The […]

Technical Analysis – GBP/USD

GBP/USD Daily 06 FEB 2018 | EconAlerts

GBP/USD bears drive the market; downside correction in progress. GBP/USD fell as low as 1.3936, a level that is standing near the 20-day simple moving average during today’s Asian session. The pair tumbled aggressively in the last couple of days and the risk is still to the downside as price continues to move with weak […]

RBA Remains on hold

RBA decided to remain on hold as it was widely expected by the market and kept its interest rate at +1.50%. The accompanying statement had an upbeat tone with comments for inflation being likely to remain low for some time, a gradual pick up of inflation is expected and it should reach a bit above […]

Technical Analysis – EUR/USD

EUR/USD Daily 05 FEB 2018 | EconAlerts

  EUR/USD fails to extend strong gains; indicators signal for a retracement. EUR/USD posted a strong positive January while this month started with downside pressure. The US dollar strength drove the pair lower on Friday and failed to hit again the three-year high of 1.2540. The short-term technical indicators are flat and point to more […]

German Coalition talks to continue

German Chancellor Angela Merkel | EconAlerts

German parties SPD, CDU, CSU neared forming a coalition as a deal was struck on the thorny issue of immigration. Also, a deal was struck on the energy issue and the next issues to be discussed will be labour policy and health care. Discussions are to draw to a closure by Sunday and the final […]

Week ahead: February 5th-11th 2018

Weekly market outlook | EconAlerts

RBA, RBNZ and BoE interest rate decisions and other key financial data in focus.   Next week’s market movers   • In the UK, the focus will be shifted to the BoE interest rate decision on Thursday and is expected to remain on hold.   • The RBNZ’s interest rate decision on Wednesday should also […]

NFP Friday, is the USD going to get some support at last?

The US Employment report is due out today at 13:30 (GMT). NFP is expected to be at 180k vs previous reading of 146k, the unemployment rate to remain unchanged at 4.1% and average earnings to tick up to +2.6% YoY vs. previous 2.5%. Again, please pay attention to all three elements of the employment report […]

US yields are rising, why is the dollar plunging?

100 dollar | EconAlerts

A nation’s bond yields and its currency typically move in the same direction. A rise in US Treasury yields, for instance, has traditionally been followed by dollar strength, as higher interest rates make the currency more attractive for international investors. Vice versa, a plunge in bond yields usually spells bad news for a currency, as […]

Technical Analysis – USD/JPY

USD/JPY Daily FEB01 | Econ Alerts

USD/JPY posts some gains; re-enters into a symmetrical triangle. USD/JPY surged above the 109.50 price level during today’s European session and is trying to enter again into the symmetrical triangle that has been holding since June 2015 in the medium-term timeframe. The short-term technicals are bullish and point to more strength in the market. From the technical […]

All eyes on the FED

Janet Yellen | Econ Alerts

Daily Analysis | 31 January 2018   No change is expected in the policy rate at the upcoming 30-31 January FOMC meeting. The market has priced in the probability to remain on hold currently at 95.0% according to Feds Funds Futures Focus to shift to accompanying the statement. We expect an upbeat assessment of the […]