News

21
Nov

Euro Falls on Draghi Stimulus Comments as Franc Drops, Yen Jumps

The euro weakened the most in a year against the yen as European Central Bank President Mario Draghi said policy makers would broaden asset purchases should theinflation outlook for region diminish. Officials “will do what we must to raise inflation and inflation expectations as fast as possible,” Draghi said at a...

20
Nov

EURUSD – Super Resistance

 H4 Chart Price was seen resisted at a key resistance level. It was resisted by Fibo Retracement 38.2%, by a falling trendline, the 200EMA, and finally the final exhaustion level for the retracement. There was a very strong pullback as price touched the resistance. The major trend for euro...

19
Nov

SNB Seen Delaying Cap Exit as Draghi Bond Purchases Loom

Switzerland’s central bank will keep its cap on the franc into 2017 to ward off the effects of the European Central Bank’s unconventional measures, according to Bloomberg News’s monthly survey of economists. More than half of respondents say the SNB won’t remove its ceiling on the franc of 1.20...

04
Nov

RBA Keeps Record-Low Interest Rate as Aussie Stays High

The Reserve Bank of Australia kept its benchmark interest rate at a record low to spur hiring as the economy struggles for traction against a high currency that is limiting growth outside the residential property market. The overnight cash rate target was left at 2.5 percent for a 15th month, Governor Glenn Stevens said in a statement...

03
Nov

Dollar Strengthens on Prospects for Policy Divergence

The dollar rose to the strongest in almost seven years against the yen on speculation the Federal Reserve is moving toward raising interest rates, while the Bank of Japan and European Central Bank add to stimulus. “All arguments are in favor of the dollar,” said Lutz Karpowitz, a senior currency strategist at Commerzbank AG in Frankfurt. “It’s very...