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COMPANY NEWS

18

Dec
According to Karen Jones, Analyst at Commerzbank, the EUR/GBP cross has managed to recover from and also seems to have stabilized above the 55 week ma. Key quotes: “EUR/GBP recovered last week following its recent failure to register a weekly close below its 55 week ma ...

18

Dec
USD fails to build on Friday’s attempted up-move. Aussie gains an additional boost from MYEFO. Additional gains capped by surging US bond yields. The AUD/USD pair regained some fresh traction on Monday and has now recovered Friday’s retracement slide from over 1-month tops. The US Dollar received ...

18

Dec
In view of Julien Manceaux, Senior Economist at ING, as the outlook for Swiss growth and inflation is only improving slightly, the Swiss National Bank (SNB) is likely to continue acting as an economic safety guard in 2018. Key Quotes “On the one hand, the ...

18

Dec
USD fails to extend US tax bill optimism-led up-move. An uptick in the US bond yields helps regain traction. Fading safe-haven demand lends additional support. The USD/JPY pair quickly reversed a knee-jerk fall to 112.30 area and is currently placed near the top end ...

18

Dec
Reuters reports the latest news published in the German business daily, Handelsblatt, citing that Germany’s Social Democrats (SPD) leader Martin Schulz wants Chancellor Angela Merkel’s Conservatives Party to leave the Finance Ministry to his center-left party in coalition talks. Schulz was quoted as saying, “the ...

18

Dec
Court orders banning ANC delegates in Zuma’s stronghold provinces from voting in the ANC Elective Conference, and the rejection by the ANC of a new system of consecutive votes for the Top Six within the Conference, have suddenly increased the chances of ...

18

Dec
Karen Jones, Analyst at Commerzbank, offers her technical view on the EUR/USD pair, as we head into the pre-Christmas trading week. Key Quotes: “EUR/USD last week sold off to and recovered from the 1.1712 21st November low. We start this week with attention on the 1.1712 ...

18

Dec
According to the Commodity Futures Trading Commission (CFTC) weekly Commitments of Traders (COT) report for the week ending December 12 released on Friday, the net long positions held by the speculators and traders in the WTI Crude Oil futures continued to increase and reached ...

18

Dec
Caixin came out with the latest comments from the former PBOC Research Bureau Chief Economist Ma Jun, citing that China should replace the GDP growth target with a jobless rate goal. FXStreet.com

18

Dec
The final details of the US tax overhaul were revealed on Friday and the Republican tax plan cuts the corporate tax rate to 21% on a permanent basis, while offering temporary cuts to individuals, notes the research team at Danske Bank. Key Quotes “The ...

18

Dec
Paul Fage, Senior Emerging Markets Strategist at TDS, notes that the CBR cut the Key Rate by 50bps to 7.75% at its latest Board meeting, while TDS and the unanimous consensus had expected a 25bps cut. Key Quotes “The principal reason given for the ...

18

Dec
The Swiss National Bank will have to wait until late 2019 before the current activity rebound brings inflation back, according to Julien Manceaux, Senior Economist at ING. Key Quotes “The Swiss economy has not exactly stood on its own two feet since 2015: the strong appreciation ...

18

Dec
One of the lingering uncertainties about the NZ’s economic outlook has been the potential impact of looming changes at the RBNZ and the most important question on this front is how policy will respond to the planned expansion of the RBNZ objectives ...

18

Dec
The past year has seen some big changes in the economic landscape, and further changes are on the cards over 2018, according to analysts at Westpac. Key Quotes “This week’s GDP report is expected to show that economic growth slowed to just 0.4% through ...

18

Dec
The wellbeing of Australians has hit its highest point in four years driven mainly by lower levels of anxiety, according to research released today by NAB. Key Quotes “NAB’s Q3 Wellbeing Report revealed that wellbeing was highest among widows, men and women over the age of ...

18

Dec
DXY on the defensive ahead of the US tax reform vote. BOC’s Poloz comments, Oil prices underpin CAD. A big week ahead: Canada CPI and US GDP eyed. Having failed yet another upside attempt near 1.29 handle, the USD/CAD pair turns back lower, now ...

15

Dec
•  Retreats over 100-pips as focus shifts back Brexit. •  US tax bill-led USD weakness fails to lend any support. Selling pressure around the British Pound remained unabated through the early NA session, with the GBP/USD pair struggling near session lows around mid-1.3300s. The pair faced rejection near ...

15

Dec
Below are some general comments by the UK PM Theresa May, which crossed the wires in the past hour. •  We will secure the greatest possible access to European markets •  We will boost free trade with countries across the world •  Will deliver control over ...

15

Dec
Here are some of the key highlights from the BOE's latest quarterly bulletin, released just a while ago. •  Brexit process is still influencing households’ outlook •  Households’ outlook more pessimistic on both general economy and own finances •  In the latest NMG survey, average household ...

15

Dec
•  Fails to benefit from some renewed USD weakness. •  Brexit news continues to drive sentiment around GBP. •  Second-tier US data eyed for trading impetus. The GBP/USD pair extended its steady decline through the mid-European session and has now moved on the brink of breaking below the ...

15

Dec
The UK PM Theresa May's spokesman was on the wires in the last hour, saying that the government has no plans to remove the exit data in the EU withdrawal bill, due to be voted in parliament next week. Meanwhile, the British Pound extended ...

15

Dec
•  Recovers part of the post-ECB slide on renewed USD weakness. •  US tax bill uncertainty weighing on the buck. •  Traders ignore weaker EZ trade data. The EUR/USD pair finally broke out of its early European session trading range and is now looking to build on its ...

15

Dec
According to Karen Jones, Analyst at Commerzbank, the USD/JPY pair is trying to bottom out, but so far remains range bound. Key quotes: “USD/JPY is under pressure in its range and has failed ahead of the 114.38/82 major resistance. Dips lower should find initial support at the ...

15

Dec
•  USD slips on tax bill worries and helps regain traction. •  Reviving safe-haven demand provides an additional boost. •  All set to post its first weekly gains in the previous four. Gold continued gaining some positive traction through the mid-European session and edged back closer to ...

15

Dec
Pipeline outage & weaker DXY underpins. The US drilling report and industrial figures on tap. WTI (oil futures on NYMEX) broke its consolidative channel to the upside and went on to hit fresh two-day tops at $ 57.44, as the bulls looked to ...

15

Dec
USD sentiment remains soggy due to the latest tax bill uncertainty. Reviving safe-haven demand adds to the downward pressure. The USD/JPY pair stalled its modest Asian session recovery move just ahead of mid-112.00s and dropped to fresh multi-day lows in the past hour, albeit quickly ...

15

Dec
The European Commission President Jean-Claude Juncker was on the wires in the past hour, saying that second phase of Brexit talks will be far more difficult than the first. Additional headlines: •  European leaders did not discuss Brexit last night at dinner •  Need to ...

15

Dec
NZD/USD has been lifted recently by a number of events: USD slippage, NZ economic data, and RBNZ governor announcement and has scope to run to at least 0.7050 this week, according to Imre Speizer, Research Analyst at Westpac. Key Quotes “Additional support comes from ...

15

Dec
DXY weaker in early Europe. BOC’s Poloz comments, Oil prices underpin CAD. Canada’s manufacturing sales and US industrial figures eyed. The Canadian dollar is seen recovering ground against its American rival, now pushing the USD/CAD pair back towards the daily lows of 1.2752 reached ...

15

Dec
Karen Jones, Analyst at Commerzbank, notes that despite yesterday's strong rally, the USD/CHF pair still faces the 78.6% resistance at .9975 but suggests exiting short positions as a precaution. Key quotes:  “Above here lies the 1.0022 resistance line and the 1.0039 recent high. It guards 1.0100/08 ...

15

Dec
South Korea's vice finance minister Joo Hyung Hwan was the wires last minutes, expressing his take on the virtual currency markets. Key Headlines: Virtual currency market a "wild horse" that needs to be domesticated. Currency market should be market-oriented, will act in cases of volatility. Current growth momentum in ...

15

Dec
The Australian economy stepped up a gear in 2017, following a disappointing 2016, against the backdrop of a stronger global economy, but growth has been uneven and the retail and consumer sectors remain weak, according to David Goodman, Research Analyst at Westpac. Key ...

15

Dec
Reuters reporting comments from the European Central Bank (ECB) Governing Council member Vitas Vasiliauskas, citing: Euro area growth is gaining momentum. QE measures implemented are showing results. Does not see the need for additional QE next year. FXStreet.com

15

Dec
DXY on the offers in Asia. BOE – a non-event. Brexit jitters back in play. The rebound in the GBP/USD pair from below 1.34 handle faltered just shy of the 1.3450 mark, leaving the rates in a consolidative mode heading towards the early European ...

15

Dec
Headlines crossed the wires from the German Chancellor Merkel earlier today, via Reuters, as she expressed her take on the Brexit deal. Key Headlines: EU leaders could agree to move to Brexit phase 2 Friday. Not happy with migration discussion. Lot of work still needed on migration. FXStreet.com

15

Dec
White House released a statement earlier today, following a telephonic conversation between the US President Trump and Russian President Putin. The statement cited: Trump And Russian President Putin "discussed working together to resolve the very dangerous situation in North Korea”. FXStreet.com

15

Dec
Bloomberg came out with the latest headline, citing that the Bank of Japan (BoJ) is said to tweak message as dissenter calls for more easing. No further details provided on the same. Recall that the BoJ board member Goushi Kataoka dissented at the last meeting and ...

15

Dec
Tiffany Galvin, a spokeswoman for the US banking giant Goldman Sachs, said late-Thursday in a statement, the Bitcoin futures require a full margin deposit for some clients at least. Key Points: Funds equal to the full value of their bitcoin futures trade as a condition for clearing ...

15

Dec
Japanese Chief Cabinet Secretary Suga is on the wires now, via Reuters, noting that Japan will implement further sanctions on North Korea by freezing assets of 19 groups. FXStreet.com

15

Dec
The South Korean blockchain association is out with the latest measures to be imposed on Bitcoin, with the key headlines found below New bitcoin measures to be imposed from January 1, 2018. To improve proof of identity for users of cryptocurrency trading on exchanges. Says only exchanges with ...