riki143 Posted June 12, 2014 Share Posted June 12, 2014 Market News 12 June 2014 RBNZ raised rate to 3.25% The Reserve Bank of New Zealand announced an interest rate hike on Thursday for the third time in 2014, lifting the cash rate by 0.25 to 3.25%. New Zealand's economic expansion "has considerable momentum" and it is "important that inflation expectations remain contained and that interest rates return to a more neutral level," Reserve Bank Governor Graeme Wheeler said in a statement after the meeting. Mr. Wheeler reiterated that the "speed and extent" to which the cash rate will need to rise will "depend on economic and financial data, and its implications for inflationary pressures." The central bank's forecasts indicate it expects to raise rates by around another 100 bps over the next 12 months. That's how ANZ economists comment the current RBNZ policy: "We think the Reserve Bank now needs a reason to pause, rather than a reason to hike and attention will turn to the currency (it has spiked) and Q2 CPI". More: http://fxbazooka.com/en/news/show/1351 Quote Link to comment Share on other sites More sharing options...
riki143 Posted June 13, 2014 Share Posted June 13, 2014 Market News 12 June 2014 BoJ meeting: what to expect? The Bank of Japan will announce its policy meeting decision on Friday. The regulator is widely expected to refrain from adding stimulus this month. All 33 economists surveyed by Bloomberg forecast the central bank to keep policy unchanged with 60-70 trillion yen QE per year. 9% of the economists expect additional monetary stimulus in July, down from 38% in the previous survey. Japanese inflation data and the Q1 growth numbers persuaded the investors that the economic recovery remains on track without additional stimulus. Societe Generale analysts go even further, pointing that on the previous meeting on April 30 the Bank revised growth forecasts down without any hints on stimulus to come. The Bank of Japan may slightly raise its outlook for the overseas economies due to receding geopolitical risks from Ukraine, rises in China's May exports and a surge in U.S. imports. This could signal that the bank remains confident that sluggish exports will pick up and help Japan's economy achieve a sustained recovery. More: http://fxbazooka.com/en/news/show/1352 Quote Link to comment Share on other sites More sharing options...
riki143 Posted June 13, 2014 Share Posted June 13, 2014 Market News June 12: American session Tatiana Norkina, an analyst at FBS Negative statistics from the U.S. has given a negative effect to the American dollar. According to published data, in the last week the number of applications for unemployment benefits increased to 317 thousand, against expectations of 310 thousand. In addition, retail sales increased only by 0.3% last month, while analysts predicted a positive trend to 0.6%. As a result, the U.S. dollar index fell to around 80.70, after losing at the moment about 0.10%. The second day of fall and stock indices: DJIA - 0.25%, while the S & P500 - 0.35%. There are no strong movements in currency markets. Euro is steady against the dollar - the currency pair EUR/USD grew to 1.3540 after testing 1.3510 support. GBP/USD is rising again, supported by positive data on the housing market. Daily maximum was formed at 1.6840. Currency pair USD/CHF remains under 0.9000 figure, but with the support 0.8985/0.8990. Pair USD/JPY, apparently, could not resist over 102.00 - bears continue the offensive. More: http://fxbazooka.com/en/news/show/1353 Quote Link to comment Share on other sites More sharing options...
riki143 Posted June 13, 2014 Share Posted June 13, 2014 Market News June 13: Asian session MSCI Asia-Pacific Index of stocks erased declines, with oil producers surging on the highest crude prices in eight months as violence in Iraq spurred supply concerns. USD/JPY rose from 101.70 to 102.00. The Bank of Japan left its policy unchanged, but the policymakers upgraded their assessment of overseas markets. Now investors are waiting for Kuroda’s press conference (06:00 GMT). Commodity currencies retraced lower in the Asian trade following the yesterday’s rally. AUD/USD weakened to $0.9410 before recovering to $0.9415. NZD/USD corrected from the $0.8700 resistance to $0.8665. New Zealand business manufacturing index lowered from 54.4 to 52.7. Gold is trading under a slight bearish pressure around $1271.8. EUR/USD is trading on the upside in the $1.3550 area. GBP/USD rose to $1.6970. Fitch affirmed the UK’s AA+ with stable outlook. Bank of England’s Governor Carney says interest rates could rise sooner than markets expects. More: http://fxbazooka.com/en/news/show/1354 Quote Link to comment Share on other sites More sharing options...
riki143 Posted June 13, 2014 Share Posted June 13, 2014 Market News 13 June 2014 Euro's falling again EUR/USD has made a U-turn down, while USD/CHF reversed up. Resistance at $1.3580 proved to be too strong for the bulls and it took minutes for the bears to retrace the recent bounce. Bigger than expected trade surplus didn’t help the single currency. Support is at $1.3510, $1.3500, $1.3476. Resistance is at $1.3580, $1.3600 and $1.3620. Chart. H1 EUR/USD More: http://fxbazooka.com/en/news/show/1355 Quote Link to comment Share on other sites More sharing options...
riki143 Posted June 13, 2014 Share Posted June 13, 2014 Market News June 13th: American Session Tatiana Norkina, FBS analyst The dollar index recovered today after two days of falling before the data from the United States. However, the statistics showed a decrease in the producer price index for the last month to 0.2%. Analysts had expected an increase of 0.1%. This put pressure on the American, which is in the green zone (+0.08%), suspending growth slightly below 80.70. On major U.S. stock exchanges, there is some encouragement: DJIA and S&P500 add 0.30% each. Against this background, the currency pair EUR/USD is in support of 1.3530 again and USD/CHF pair raised to 0.9000 figure. GBP/USD pair is consolidating in 1.6950 area after the explosive growth provoked yesterday by evening statements of Mark Carney about the imminent increase in interest rates. USD/JPY pair has returned to the figure of 102.00, sensing support at 101.60. More: http://fxbazooka.com/en/news/show/1356 Quote Link to comment Share on other sites More sharing options...
riki143 Posted June 16, 2014 Share Posted June 16, 2014 MARKET NEWS June 16: Asian session USD/JPY slid to 101.72. Yen strengthened as violence in Iraq boosted speculation that oil supplies will be disrupted and increased the appeal of haven assets. The MSCI Asia Pacific Index lost 0.2%. Japanese Nikkei 225 lost more than 1%. AUD/USD is testing the $0.9400 resistance to the upside. The pair holds below the last week’s high of $0.9440, however. The RBA Assistant Governor Kent highlighted that the Australian dollar still remains high despite the commodity falls. NZD/USD rose to $0.8690, getting closer to the Thursday’s peak of $0.8700. New Zealand Westpac consumer sentiment lowered from 121.7 to 121.2 in Q2. EUR/USD is trading in the $1.3540 area. GBP/USD edged up to $1.6980. More: http://fxbazooka.com/en/news/show/1357 Quote Link to comment Share on other sites More sharing options...
riki143 Posted June 16, 2014 Share Posted June 16, 2014 MARKET NEWS 16 June 2014 German growth to be weak in Q2 According to the Bundesbank monthly report from June 16, German economic growth could be lower than everage in the first half of the year. After a very strong start to the year real GDP should increase only slightly in Q2, while the Q3 growth should be much stronger. Bundesbank raised German 2014 GDP forecasts from 1.7% previous to 1.9% a week ago. Inflation forecast was lowered from 1.3% to 1.1%. More: http://fxbazooka.com/en/news/show/1358 Quote Link to comment Share on other sites More sharing options...
riki143 Posted June 16, 2014 Share Posted June 16, 2014 MARKET NEWS 16 June 2014 Geopolitical risks dominate the markets Currency markets entered the new week in a risk-negative sentiment. Geopolitical risks increased on the back of social unrest in Iraq. What’s more, the breakdown of gas talks between Ukraine and Gazprom added to market concerns. As a result, market demand on the safe Japanese yen remains strong. Last week the crude oil prices surged to the levels unseen since autumn 2013 under threat of supply disruptions. If the trend remains in place, risk appetite and the US equity markets could suffer. Chart: Investing.com More: http://fxbazooka.com/en/news/show/1360 Quote Link to comment Share on other sites More sharing options...
riki143 Posted June 17, 2014 Share Posted June 17, 2014 MARKET NEWS June 16: American Session Tatiana Norkina, analyst at FBS The U.S. dollar index keeps weakening even after the publication of positive statistics on industrial production in the country, and is currently losing about 0.30%. The major stock indexes are also in the red zone: DJIA - -0.20%, S&P500 - -0.15%. At the same time, the eurobulls have become pretty active, recovering the EUR/USD pair to the Friday's high of 1.3575. The GBP/USD pair, after testing the 1.7000 figure, continues consolidating under it. The dollar has weakend against the franc as well: the USD/CHF currency pair is sliding to the 0.8970 support. As for USD/JPY, the bears are active again, having lowered the rate to the 101.80 mark. More: http://www.fxbazooka.com/en/news/show/1361 Quote Link to comment Share on other sites More sharing options...
riki143 Posted June 17, 2014 Share Posted June 17, 2014 MARKET NEWS June 17: Asian session Most Asian stock markets fell on Tuesday as the deepening conflict in Iraq and a gas dispute between Ukraine and Russia sapped investors' appetite for riskier assets. China’s stocks fell after foreign direct investment in the country unexpectedly declined. MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.3%. Japanese Nikkei bucked the trend with rise of a 0.3%, though it was still down on the week so far. USD/JPY is trading on the upside trying to overcome the 102.00 level. Demand for the commodity currencies was down. AUD/USD fell by almost 50 pips to $0.9350 following the RBA policy minutes release. Australian regulator revealed a slightly more bearish outlook for the national economy and has once again reiterated that the currency is high by historical standards. NZD/USD tracked the AUD’s moves, slipping to $0.8650, but later has recovered some ground. Gold extends the decline for a second day in a row. EUR/USD slid to $1.3555. GBP/USD dipped below $1.6960. More: http://fxbazooka.com/en/news/show/1362 Quote Link to comment Share on other sites More sharing options...
riki143 Posted June 18, 2014 Share Posted June 18, 2014 MARKET NEWS 17 June 2014 IMF cut US 2014 forecast The International Monetary Fund cut its forecast for US 2014 economic growth this year by 0.8% to 2%, citing a harsh winter, a struggling housing market and weak international demand for the country's products. Economists say the Federal Reserve will hold its interest rate low even longer than investors expect. The fund maintained its 3% GDP outlook for 2015, saying a meaningful economic rebound is on the way. Still, the IMF said the US officials must do more to stimulate growth in the near term. More: http://fxbazooka.com/en/news/show/1363 Quote Link to comment Share on other sites More sharing options...
riki143 Posted June 18, 2014 Share Posted June 18, 2014 MARKET NEWS June 17th: American Session Tatiana Norkina, FBS analyst The U.S. dollar strengthened sharply today, after the publication of statistics on inflation. Consumer prices in the past month rose by 0.4%, against expectations of 0.2%. As a result, the U.S. dollar index jumped to around 80.75 mark and currently adds about 0.25% to yesterday's values. At the same time, not so strongly encouraging data on the housing market were published. Under the conditions of stated mixed data EUR/USD pair stopped falling in 1.3540 area. GBP/USD pair is corrected in 1.6950 area, after a morning testing of 1.6980 resistance. Currency pair USD/CHF broke the powerful level of 0.8990, recovering slightly above the figure of 0.9000. The yen weakened against the dollar: USD/JPY soared to 102.20, bulls show their confidence. More: http://fxbazooka.com/en/news/show/1364 Quote Link to comment Share on other sites More sharing options...
riki143 Posted June 18, 2014 Share Posted June 18, 2014 MARKET NEWS June 18: Asian session USD/JPY rose to 102.30. US dollar held gains versus most of its major peers before the Federal Reserve announces a policy decision today as signs of US economic growth fuel speculation policy makers are moving toward raising interest rates. Asian stocks outside of Japan fell. MSCI Asia Pacific Excluding Japan Index slipped 0.15%, while Japanese Nikkei added about 1%. The Bank of Japan’s minutes showed no major surprises, with members unanimously voting to keep increasing the monetary base at an annual pace of about 60-70 trillion yen. AUD/USD consolidates in a tight $0.9325/45 range following the yesterday’s sharp decline. NZD/USD hovers around $0.8660. New Zealand current account surplus came out in line with forecasts at 1.41B (prior: a deficit of 1.51B). Gold trades under bearish pressure around $1267. EUR/USD is trading in the $1.3546 area after yesterday’s decline from $1.3570. GBP/USD is flat at $1.6960. More: http://fxbazooka.com/en/news/show/1365 Quote Link to comment Share on other sites More sharing options...
riki143 Posted June 18, 2014 Share Posted June 18, 2014 MARKET NEWS Key option levels (June 18) Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (14:00 GMT). Here are the key options expiring today: EUR/USD: $1.3500 (large), $1.3540, $1.3575/85 (large), $1.3640; GBP/USD: $1.6915; USD/JPY: 101.40/50 (large), 102.30, 102.60; AUD/USD: $.9340/50 (large), $0.9400 (large), $0.9450, $0.9500 (large); USD/CAD: 1.0800 (large), 1.0870; EUR/GBP: 0.7975, 0.8075. More: http://fxbazooka.com/en/news/show/1366 Quote Link to comment Share on other sites More sharing options...
riki143 Posted June 18, 2014 Share Posted June 18, 2014 MARKET NEWS 18 June 2014 Bank of England: meeting minutes GBP/USD spiked to $1.7002, but then slid to the $1.6940 area. The Bank of England’s June 5 meeting showed that the Monetary Policy Committee voted unanimously in favor of maintaining the interest rate at 0.5% and the program of asset purchases steady at 375B pounds. The MPC expressed surprise with the low probability of a 2014 rate rise being priced in. They also stressed that “the more gradual the intended rise in bank rate, the earlier it might be necessary to start tightening policy.” The MPC said that the economic recovery in the UK was gaining momentum and that the strong pound was helping to push down inflation. They added, however, that “the weakness in inflation elsewhere, especially the euro area, contained information about underlying global inflationary pressures that might yet become evident in the United Kingdom.” The majority of the BoE policymakers saw spare capacity remaining in the range of 1% to 1.5% of GDP in 2014 Q2. They suggested that more slack should be absorbed before an increase in interest rates was warranted. They also said it was difficult to judge how persistent is the slowing in housing market activity and that the issue would be addressed by the Financial Policy Committee this month. Summary: There were hawkish lines which imply that rates may be raised sooner than later. Still pound isn't jumpimg. The approaching FOMC and the fact that the BoE has already been hawkish in the past week must be the reason. More: http://fxbazooka.com/en/news/show/1367 Quote Link to comment Share on other sites More sharing options...
riki143 Posted June 18, 2014 Share Posted June 18, 2014 MARKET NEWS June 18th: American session Tatiana Norkina, an analyst at FBS The index of the U.S. dollar does not stand the pressure today, after the disappointing data on the U.S. balance of payments, which already suffers from a lack of more than 111 billion dollars. Analysts also expect growth in the deficit to $ 97 billion a result, the index today is losing about 0.14%, going down to around 80.60. Stock markets opened mixed today in anticipation of the upcoming Fed meeting, where the interest rates issue will be resolved as well. Dzh.Yellen is expected to perform. U.S. dollar falls against most currencies. Thus, the pair EUR/USD is back to yesterday's highs of 1.3580; obviously support 1.3520/1.3530 has resisted. Currency pair USD/CHF fell to 0.8960/0.8970 support, threatening corrective decline in the medium term. USD/JPY pair has returned to the figure of 102.00 after the maximum 102.30 for the last five days. Pair GBP/USD has been taken out of context: after the next testing of 1.7000 figure it fell to 1.6940 support. More: http://fxbazooka.com/en/news/show/1369 Quote Link to comment Share on other sites More sharing options...
riki143 Posted June 20, 2014 Share Posted June 20, 2014 MARKET NEWS June 19: Asian session US dollar remained near the lows it hit yesterday versus its counterparts after the Federal Reserve signaled it will keep interest rates near zero even as it ends bond purchases, damping demand for the US currency. Asian shares rose toward a 6-year high. MSCI Asia Pacific Index advanced 1.1% before dipping down and erasing gain to 0.12%. Japanese Nikkei is up by 1.5%. Positive news also came from China where Premier Li Keqiang pledged to sustain the nation’s economic expansion forecast. USD/JPY slid to 101.85. AUD/USD is trading above $0.9400. NZD/USD slid to the levels just above $0.8700 from a 6-week high after New Zealand’s economic growth missed estimates (GDP added 1.0% vs. 1.2% expected). EUR/USD is trading in the $1.3590 area. GBP/USD is trading in the $1.6990 zone. More: http://fxbazooka.com/en/news/show/1371 Quote Link to comment Share on other sites More sharing options...
riki143 Posted June 20, 2014 Share Posted June 20, 2014 MARKET NEWS 19 June 2014 SNB maintains the EUR/CHF 1.20 peg As it was widely expected, the Swiss National Bank kept its 3-month target rate at 0.00-0.25%. The EUR/CHF cap was maintained at 1.2000. The regulator underlined it is ready to buy unlimited quantities of foreign currency if needed. The SNB sees moderate recovery of Swiss economy continuing: the economy is expected to expand by 2% in 2014. However, substantial downside risks still remain. The swiss franc remains elevated. According to analysts at UBS, the Swiss central bank will follow the ECB in lowering rates if EUR/CHF falls to the 1.2000 peg. More: http://fxbazooka.com/en/news/show/1372 Quote Link to comment Share on other sites More sharing options...
riki143 Posted June 20, 2014 Share Posted June 20, 2014 MARKET NEWS 18 June 2014 Fed tapers QE by another $10 billion As it was widely expected, the US Federal Reserve cut bond-buying program (QE) by $10 billion for a fifth straight meeting, to $35 billion, keeping it on pace to end the program late this year. Interest rates were left at a record low of 0-0.25%. The Fed repeated that the interest rates will likely remain low for a considerable time after the QE ends. According to the FOMC statement, growth in economic activity has rebounded in recent months and the labor market has shown further improvement. The statement highlights the decline of the unemployment rate, but still sees it as elevated. Meanwhile, the 2014 GDP growth forecast was revised down from 2.8-3.0% to 2.1-2.3%. The forecast cut was priced in, however. The 2014 inflation forecast was revised up a bit. More: http://fxbazooka.com/en/news/show/1370 Quote Link to comment Share on other sites More sharing options...
riki143 Posted June 20, 2014 Share Posted June 20, 2014 MARKET NEWS Jun. 19: American session Tatiana Norkina, an analyst at FBS The U.S. dollar continues to weaken after yesterday's Fed meeting and Dzh.Yellen speech. Even positive statistics are unable to hold the dollar index, which is currently losing about 0.30%, consolidating at at 80.25. Note that the number of applications for unemployment benefits last week fell to 312 thousand (penultimate values were about 318 thousand; outlook - 314 thousand). U.S. stock markets opened smoothly enough, the percentage change in the index is near zero. Currency markets perked up noticeably. The EUR/USD soared to around 1.3640. Currency pair GBP/USD sets new highs in the 1.7050. The dollar fell against the franc (USD/CHF) in the area of support 0.8910 and USD/JPY pair is trading just above 101.80 after testing four-days low of 101.70. More: http://fxbazooka.com/en/news/show/1374 Quote Link to comment Share on other sites More sharing options...
riki143 Posted June 20, 2014 Share Posted June 20, 2014 MARKET NEWS June 20: Asian session MSCI Asia Pacific Index slid 0.1%, but Asian shares still hold near the 6-year high. Nikkei is up by 0.1%. US dollar doesn’t feel very confident versus its peers before US data due next week which economists forecast will show manufacturing activity cooled and the economy shrank. USD/JPY slid to 101.80. AUD/USD is trading above $0.9400, below yesterday’s peak at $0.9431. NZD/USD edged up to $0.8720. Gold headed for the longest run of weekly advances since March after rising to a 2-month high, as expectations that borrowing costs in the US will remain low fueled demand for bullion as an alternative investment. EUR/USD rose to $1.3624, but is trading below yesterday’s peak at $1.3643. GBP/USD rose to $1.7050 after reaching $1.7062 yesterday. More: http://fxbazooka.com/en/news/show/1375 Quote Link to comment Share on other sites More sharing options...
riki143 Posted June 23, 2014 Share Posted June 23, 2014 MARKET NEWS June 23: Asian session Asian shares extended a 6-week gain as a private report showed Chinese manufacturing unexpectedly expanded (HSBC Manufacturing PMI came at 50.8 vs. the forecast of 49.7). US dollar weakened versus its peers before data this week that may show US manufacturing and new home sales slowed, supporting the case for the Federal Reserve to hold rates near zero. AUD/USD jumped from $0.9370 to $0.9440 in the session, inspired by the upbeat Chinese PMI data. NZD/USD strengthened by 40 pips to $0.8740, hitting a fresh monthly high. Market expectations for the RBNZ July rate hike are mounting. Gold price consolidates around $0.9315, forming a triangle on the hourly chart. USD/JPY slid to 101.90.The Bank of Japan’s Governor Kuroda’s due to speak at 06:00 GMT. The Japanese government is considering bringing forward cabinet approval of its growth strategy and basic economic plan to tomorrow from June 27, Kyodo News reported on June 19, citing a government source. EUR/USD rose a bit above $1.3600. GBP/USD went up to $1.7040. More: http://fxbazooka.com/en/news/show/1377 Quote Link to comment Share on other sites More sharing options...
riki143 Posted June 23, 2014 Share Posted June 23, 2014 MARKET NEWS 23 June 2014 CFTC: USD longs declined According to the latest COT (Commitments of Traders) report, the net long USD positions fell from from $15.95 billion on June 10 to $12.19 billion on June 17. The USD dollar bullish bets showed a first decline after five straight weekly increases. Despite the weekly decline, the overall USD position remained on the bullish side for a 6 consecutive week. Large speculators bets in favor of GBP, JPY, CHF and CAD increased, while EUR, AUD and NZD positions declined. More: http://fxbazooka.com/en/news/show/1378 Quote Link to comment Share on other sites More sharing options...
riki143 Posted June 24, 2014 Share Posted June 24, 2014 MARKET NEWS June 23th: American Session Tatiana Norkina, FBS analyst Sales of secondary housing market rose to $ 4.89 billion, while analysts expected only $ 4.73 million - the following statistics released by the National Association of USA Realtors. But this growth has not helped to strengthen the dollar. In contrast, immediately after the publication the dollar index dropped to around 80.38 mark and is currently losing about 0.02%. Trading in the stock markets opened mixed. Thus, DJIA loses 0.20% and the S&P500 remains near zero. In currency markets, today there is an uncertainty of participants, trading is held in a sideways mode. The pair EUR/USD consolidates below 1.3600 figure, where turned up during the European session. GBP/USD currency pair went back to Friday's minimums at 1.7000. USD/CHF pair is trading above 0.8945 support. The pair USD/JPY fell again to 101.80 today, from which is now happening a rebound in the direction of the figure. More: http://fxbazooka.com/en/news/show/1379 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.