February 6, 2014
We have seen a rally over the past few days for EURGBP. This has been due to a risk off environment, Carney being dovish on rates as well as bullish comments from Draghi today. We have seen Bund-Gilt spreads widen, although i feel this is a tad overdone. Therefore, i am seeing the below trend… View Article
February 6, 2014
The ECB (European Central Bank) announces its rates today. It could be interesting as many analysts are split on whether the ECB will cut rates this week or keep them unchanged. The reason some are saying it will be a close call is because of the recent Eurozone Inflation print of 0.7% vs expectations of 0.9%… View Article
February 6, 2014
6th February 2014 (12.16pm) USD/YEN broke its downward channel and right now is consolidating forming a hammer during the session on Wednesday again showing that the 101.75 level is going to be supportive. It remains below the current key intraday resistance at 101.75 and that keeps the bearish scenario intact. Important intraday range to be… View Article
February 6, 2014
At 12:00 06/02/2014, the Bank of England will announce the Bank Rate and Asset Purchase Facility for the month. They are expected as 0.5% and £375bn respectively. This is expected and should render the announcements today a non event in terms of market movements, unless something unexpected comes out. What most traders are looking for is… View Article
February 6, 2014
The markets have remained relatively quiet ahead of the Payrolls data and interest rate decisions today. Cross Yen still looking heavy apart for agst the commodity currencies. USDJPY has respected the 101.60/70 area where potential exporter offers lie. A trendline is forming on the 4 hourly chart: I am still short USDJPY with my stop… View Article
February 5, 2014
Slightly stronger then expected number for the non manufacturing, this has given the $ a push higher with USDJPY pushing and approaching key resistance at 101.76. Equities also getting a push higher on the back of this.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy
