Archive for Financial News

Pakistan keeps rate, better demand to determine inflation

By     Pakistan’s central bank kept its monetary policy rate at 5.75 percent, as expected, saying improving domestic demand will define inflation in the coming 2018 fiscal year while expanding economic activity has translated into a significant rise in imports, pushing up the account account deficit.     The State Bank of Pakistan (SBP), […]

Vote on Trump’s healthcare bill delayed in US

By IFCMarkets US stocks lower as vote on Trump’s bill delayed US stocks retreated on Thursday as lawmakers postponed a vote on Trump’s healthcare bill destined to dismantle notorious Obamacare. The new bill is seen as a touchstone for Trump’s policy. If Trump fails to pass his American Health Care Act through the Congress, it […]

EURUSD remains in uptrend from 1.0494

EURUSD remains in uptrend from 1.0494, the fall from 1.0824 is likely consolidation of the uptrend. Near term support is located at the bottom of the price channel on 4-hours chart. As long as the channel support holds, the uptrend could be expected to continue and next target would be at 1.0900 area. Key support […]

Markets tense ahead of delayed healthcare vote

Article by ForexTime The mounting anticipation ahead of the delayed healthcare vote later today has created an unnatural calm across the financial markets with investors adopting a cautious approach. Asian shares concluded mostly mixed during early trading on Friday amid the subdued trading mood with the loss of appetite for risk limiting gains in Europe. […]

Russia cuts rate 25 bps, inflation target seen achieved

By     Russia’s central bank cut its key policy rate by 25 basis points to 9.75 percent, surprising some but not all economists, and expressed confidence inflation will continue to decelerate so it achieves its objective of reducing inflation to 4.0 percent by the end of this year.    The Bank of Russia, […]

Japanese Candlesticks Analysis 24.03.2017 (EUR/USD, USD/JPY)

Article By EUR USD, “Euro vs. US Dollar” At the H4 chart of EUR USD, bullish Hammer pattern indicates an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm the ascending movement. At the H1 chart of EUR USD, bullish Tweezers pattern indicated that the correction completed and the […]

WHEAT: Technical Analysis – Higher Egyptian wheat imports should support wheat prices

By IFCMarkets Higher Egyptian wheat imports should support wheat prices Egyptian wheat consumption and imports are forecast to rise in next season. Will the wheat price continue falling? Egypt’s wheat imports will rise next season after a single body, the General Organization for Export and Import Control, is put in charge of inspection of wheat […]

The Yen is starting a correction. Overview for 24.03.2017

Article By On Friday, the USD/JPY pair is trading to the upside after ten consecutive trading sessions of decline. The Japanese Yen is starting a correction after strengthening against the USD for ten trading sessions in a row. The current quote for the instrument is 111.30. Yesterday, the pair fell into the area of […]

EUR/USD: the price has exited the triangle downwards

By Gabriel Ojimadu, Alpari Previous: The euro closed slightly down after Wednesday’s trading. Trader activity was low during the US session as market participants waited on the vote in Congress to dismantle Obamacare. The vote has now been pushed back to Friday after the instigators of the motion failed to enlist the support of the requisite […]

NZD/USD Bullish ABCD Supports Possible Bounce

By Admiral Markets The NZD/USD currency, popular “Kiwi” is currently very close to POC zone where it might reject from. The POC (D L5, ABCD bottom, ATR pivot) is supporting longs and the price might spike up to 0.7030 where we see the confluence of EMA89 and ATR pivot. If 0.7030 breaks to the upside […]

Sri Lanka raises rates 25 bps in precautionary move

By     Sri Lanka’s central bank raised its key policy rates by 25 basis points in what it said was a precautionary measure to “contain the build-up of adverse inflation expectations and the possible acceleration of demand side inflationary pressures through excessive monetary and credit expansion.”     The Central Bank of Sri Lanka […]

Trump rally to be tested by healthcare vote

Article by ForexTime A growing sense of caution has gripped the financial markets this week with investors on standby ahead of Thursday’s key healthcare vote in Congress which may thoroughly test the Trump bump. Uncertainty over Donald Trump’s proposed economic agenda has already triggered risk aversion and any complications in the healthcare reform could spell […]

Taiwan keeps rate steady to support economic recovery

By     Taiwan’s central bank left its benchmark discount rate at 1.375 percent, as expected, saying an “adequately accommodative monetary policy stance is conducive to the economic recovery,” while inflationary pressures remain mild although a stronger Taiwan dollar is straining financial conditions.    The Central Bank of the Republic of China (Taiwan) (CBC) […]

Philippines holds rate, inflation forecasts slightly down

By     The central bank of the Philippines maintained its key overnight reverse repurchase rate (RRP) at 3.0 percent, as widely expected, and said the latest forecasts for inflation were “slightly lower” than previous forecasts though still within its target range for this year and next.    Bangko Sentral ng Pilipinas (BSP), which […]

EUR/USD long target raised to 1.0950

By Macroeconomic overview The EUR/USD held under 1.0800 for a second day on Thursday as investors awaited a vote on Republican healthcare plans seen as a litmus test of President Donald Trump’s ability to legislate in Congress. Dallas Federal Reserve Bank President Robert Kaplan said the Federal Reserve should raise interest rates two more […]

Oil fundamentals continue to be bearish

Article by ForexTime Oil markets yet again showed why they are under so much stress at present as US crude oil inventories came in stronger than expected showing  surplus of +4.5M barrels (2.8M barrels exp). This strong surplus shows what the market already knows, and that is in the long run the OPEC production cuts […]