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  • James Boston

    Emerging markets continue to suffer as credit tightening in China and expectations of a step up in US Federal reserve ‘tapering’ take their toll. The Malaysian Ringgit and Philippine Peso both dropped to 2 ½ year lows overnight while the Nikkei index in Japan shed 2.5 percent as it fell back below the key 15,000

  • Sergiy Zlyvko
    Currency » Next week Forex forecast
    Sergiy Zlyvko - January 26, 2014, 21:37 GMT

    The main event of the coming week for the currency market will be the publication results of a U.S. Federal Reserve meeting. As for American regulator, we expect that it will shorten the quantitative easing program by the next 10 billion. Weak labor market data for December charged to abnormal weather conditions and Fed officials,

  • Sergiy Zlyvko
    Currency » 23 January Forex daily review
    Sergiy Zlyvko - January 24, 2014, 10:27 GMT

    Yesterday was the black Thursday for the US dollar. Why black? Because it fell on all trading sessions. Emerging market currencies were falling also. The US dollar strengthened only to the Australian dollar. We do not think the dollar’s decline will be long because until February 7 Congress needs to raise the U.S. debt ceiling.

  • James Boston

    The yield on the benchmark 10 year German government bond continues to fall as confidence in this core European economy grows, yields have fallen 7 points this week to 1.68%, a level not seen for 3 months. An affirmation of the countries AAA status by Standard and Poor’s earlier this month is seen as having

  • James Boston

    The British Pound continues to gather momentum as the markets grow more confident that the Bank of England will vote to raise interest rates, possibly as soon as Q2 this year. As I discussed yesterday the Bank’s Governor, Carney, set a target unemployment rate of 7% as the level at which the British Monetary Policy

  • Sergiy Zlyvko
    Currency » 22 January Forex daily review
    Sergiy Zlyvko - January 23, 2014, 08:57 GMT

    In Wednesday trading on the foreign exchange market has multidirectional nature: The U.S. dollar rose against the single currency and the Swiss franc and fell against the British pound and the Australian dollar. GBRUSD rate rose sharply after the release of positive data on the labor market and the UK Bank of England protocols. Australian

  • James Boston

    Ahead of next weeks US Federal Open Markets Committee (FOMC) meeting, the word is that the Fed is congratulating itself on the success of it’s tapering program and plans to announce a further cut to bond buyback activities of up to $10bn. Despite the recent sharp fall in unemployment and the relative buoyancy of the

  • Sergiy Zlyvko
    Currency » 21 January Forex daily review
    Sergiy Zlyvko - January 22, 2014, 12:26 GMT

    On Tuesday morning events in the currency market evolved in line with our expectations. The EURUSD on mixed ZEW index data decreased to the level of 1.3515 (35 pips fell short of the target). GBPUSD dropped to 1.6400. After unsuccessful attempts to break through the 1.3510 and 1.6400 closer to the publication of the IMF

  • Sergiy Zlyvko
    Currency » 20 January Forex daily review
    Sergiy Zlyvko - January 21, 2014, 12:54 GMT

    Currencies behaved restraint on low trading volumes and lack of economic catalysts. Published reports from China in the morning set the tone for the whole day. As a result, EURUSD came to an end Monday to around 1.3560 and GBPUSD – to 1.6430. This week, the number of economic releases is limited, but the season

  • James Boston

    European markets are recovering today after yesterday’s lower closes. A 5.4% fall in Deutsche Bank stock dragged markets down following the surprise announcement from this financial institution of a Q4 2013 loss of €1.153bn. Deutsche Bank is believed to be one of the healthier German banks and this result is naturally concerning for the sector.