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.Dukascopy..Morning All;USD/JPY took a tumble in late Asian trade today dropping more than 100 points off its highs after BOJ Chief Kuroda reaffirmed that the central bank had no plans to increase the size of the current QE program.In his post meeting press conference Mr. Kurora stressed that BOJ's QE program was having its intended effects and was operating as planned but in its very own semi annual outlook the central bank cut both is inflation and GDP outlook. The BOJ cut inflation expectatio…
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Commodity Report Thursday, 29 October 2015.
Morning Users!
Super Mario draghi
Over the last months, Mario Draghi has dropped a couple of hints
suggesting that ECB Quantitative easing may be expanded beyond
September 2016, which was the initial end date for the easing program.
As a result, we became increasingly dubious about the true efficiency of
this monetary policy. Recent Eurozone data does not seem yet very
encouraging (industrial production and inflation in particular). Moreover, it
is difficult to support a policy that has failed to deliver the desired result in
Ja…
suggesting that ECB Quantitative easing may be expanded beyond
September 2016, which was the initial end date for the easing program.
As a result, we became increasingly dubious about the true efficiency of
this monetary policy. Recent Eurozone data does not seem yet very
encouraging (industrial production and inflation in particular). Moreover, it
is difficult to support a policy that has failed to deliver the desired result in
Ja…
June'15: Short Foreign Exchange Outlook.
Good Evening Traders;now we see a short snapshot of US-Eu-Asia Economy Outlook:AMERICAS.The USD will remain in favour as the Fed initiates a gradual process of monetary policy normalization that will likely weigh on the CAD and MXN through the remainder of the year.The BRL will retain a bearish tone driven by the adverse effects of an acute fiscal adjustment. The commodity-intensive CLP and PEN will prepare for a negative shock fromthe Fed tightening.EUROPE.The EUR will resume a weakening phase,…
Weekly Short Snapshot.
Morning Users;
as expected last week the RBA kept Australian interest rates on hold at 2.0% whilst avoiding any suggestion that it would be taking a more dovish tone in coming months. The lack of a clear indication of possible further cuts gave the AUD some respite in the aftermath of the decision but sluggish retail sales figures, the largest ever trade deficit and stronger offshore data saw that the upside for the Aussie was short-lived.With the business week in Australia not getting underway …
as expected last week the RBA kept Australian interest rates on hold at 2.0% whilst avoiding any suggestion that it would be taking a more dovish tone in coming months. The lack of a clear indication of possible further cuts gave the AUD some respite in the aftermath of the decision but sluggish retail sales figures, the largest ever trade deficit and stronger offshore data saw that the upside for the Aussie was short-lived.With the business week in Australia not getting underway …
Economy Snapshot Russia Usa Canada
RUSSIA Economy Snapshot— According to the Economy Ministry, Russia’s economic contraction deepened in March, with output declining 3.4%y/y due to weakness in retail sales, construction and gas exports. Russian first quarter GDP is now tracking a 2.2% decline,which is set to intensify during the second quarter as the country continues to grapple with lower global oil prices and economicstress from US-led sanctions. Against this backdrop, the Central Bank of Russia (CBR) continues to lower interes…
EURo Through 1.12.
Good Morning Users;
the euro continued to power higher against the U.S. dollar today, closing firmly above 1.1215, the 61.8% Fibonacci retracement of the 2000 to 2008 rally. EUR/USD bulls have the ECB to thank for today's move. Even though Central Bank President Mario Draghi expressed his disappointment with growth, laughed at the idea that they are nearing their inflation target and said if anything, they will actually add to policy, the euro jumped after he said the central bank would look thr…
the euro continued to power higher against the U.S. dollar today, closing firmly above 1.1215, the 61.8% Fibonacci retracement of the 2000 to 2008 rally. EUR/USD bulls have the ECB to thank for today's move. Even though Central Bank President Mario Draghi expressed his disappointment with growth, laughed at the idea that they are nearing their inflation target and said if anything, they will actually add to policy, the euro jumped after he said the central bank would look thr…
Currency Daily 4.24.15 Outlook
Good Morning; investors are buying euros ahead of Friday's monthly Eurozone Finance Ministers meeting. While it may appear that they are slightly more optimistic about the potential for a deal that could unlock the next allotment of bailout funds for Greece, in reality the rebound in EUR/USD reflects short covering ahead of the meeting. There are 3 ways that the euro could trade after tomorrow's meeting:1 - If you believe the Greek government's comments about being close to reaching a new agreem…
Daily currency outlook (4.22.15).
Good Morning;
we see a new daily currency outlook (4.22.15).
By now you should know the market's appetite for U.S. dollars is not the primary driver of currency flows this week. There's very little U.S. data on the calendar and only a handful of Federal Reserve officials are scheduled to speak. Of the few U.S. economic reports set for release, none are game changers for monetary policy. For this reason investors have shifted their focus abroad and in doing so are realizing that outside of the U.…
we see a new daily currency outlook (4.22.15).
By now you should know the market's appetite for U.S. dollars is not the primary driver of currency flows this week. There's very little U.S. data on the calendar and only a handful of Federal Reserve officials are scheduled to speak. Of the few U.S. economic reports set for release, none are game changers for monetary policy. For this reason investors have shifted their focus abroad and in doing so are realizing that outside of the U.…