April 22, 2014
The Turkish Central Bank (TCB) will hold meeting on Thursday April 24, where bank’s Monetary Policy Committee (MPC) are expected to review the national interest rates. Investors are predicting that, MPC will keep the interest rates on hold, due to current high inflation rates in Turkey. TRY continued weakening against GBP and USD… View Article
April 22, 2014
The gold is moved in a consolidate mode, remaining just above 1291 resistance level. Despite the tensions still remained high in Ukraine, gold price is still showing as bearish, due to positive economic growth forecasts in China, UK, Euro zone and encouraging US economic and corporate releases. In my view, it has expected to rise… View Article
April 22, 2014
Good morning, AUDCAD The last few days has seen some disagreement between the Australian government and the RBA on the interest rate neutrality position recently adopted. The RBA is supposed to be independent so the implications are unclear but one to keep an eye on. Not much change on the CAD front to report. The… View Article
April 17, 2014
Rumours that suggests that ECB member Weidmann has changed his stance on QE. According to anonymous sources, Weidmann is now ready to support QE if he and his colleagues deem it necessary on the basis that deflation risks are threatening the economy. More here: http://www.reuters.com/article/2014/04/17/us-ecb-bundesbank-weidmann-insight-idUSBREA3G0PU20140417
April 17, 2014
US initial jobless claims inched up to 304k in the week ending April 12 from 300k, but were better than the consensus forecast at 315k. Just 10 points here and there for the USD. This supports the dollar strength though.
April 17, 2014
Last big trading day today. There is always trading but don’t expect too much to happen till Monday and most probably Tuesday. EURUSD – It has held the 1.38 level and has pushed up and broke through 1.3850 but hasn’t found any more strength above that. We believe euro is overbought and are looking to… View Article
April 17, 2014
On the H1 we can see the start of a down trend line which has been hit 3 times and held. With it hanging above the the 55 EMA, and hanging above the 23.6 fib, I think if it breaks the 55, it should continue to fall to the 168.450 level, so a longer term… View Article
April 17, 2014
TRY continued to bullish against GBP and USD after the negative comments on Morgan Stanley report, released yesterday. Worries of Economic growth in Turkey by IMF, Moody’s and Fetch ratings, and UK and Euro zone low inflation caused the TRY further weakened.
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