Slovakia: NBS keeps rates unchanged
As expected the Slovak central bank today kept its key policy rate unchanged at 4.25%. It is now (nearly 100%) clear that Slovakia will join the euro area from January 2009, which means that the Slovak central bank (NBS) will have to bring interest rates down to the level of the ECB at 4.00%. The [...]
ECB: Preview of today’s meeting
The story is very much the same this month, and we don’t expect a big change in the tone from ECB. The market impact should therefore be limited. On the one hand inflation risks are intensifying as oil prices keeps rising. But on the other, downside growth risks are also strengthening and actual data have [...]
The Pound was weak today, as markets reacted to the poor U.K housing data
• The Rupee weakened today on persistent dollar purchases by oil companies and other importers to meet their month end dollar demand. The USD/INR pair ended at 42.96 from 42.73 yesterday. • The 6- month and 1-year forward premium was at a 2.40% and 1.75% as compared to 2.07% and 1.55% yesterday. • The Pound [...]
Currency Majors Technical Analysis
American Session EUR/USD - Euro Dollar 1,5719. EUR USD broke 1,5730 support. EUR USD is in a range between 1,5700 and 1,5820. The volatility rises. Bollinger bands are deviated. Oscillators are neutral. The price should continue to move in 1,5700 / 1,5820 range. If the support is broken then the target will be 1,5600. We [...]
Intra-day forex market trend
This session trend: other majors are expected to make swings and slide .
The Pound was weak today, as markets reacted to the poor U.K housing data
• The Rupee weakened today on persistent dollar purchases by oil companies and other importers to meet their month end dollar demand. The USD/INR pair ended at 42.96 from 42.73 yesterday. • The 6- month and 1-year forward premium was at a 2.40% and 1.75% as compared to 2.07% and 1.55% yesterday. • The Pound [...]
Yesterday proved to be an unsurprisingly quiet day given the holiday in both the US and UK
Yesterday proved to be an unsurprisingly quiet day given the holiday in both the US and UK. Last week the EUR continued its third consecutive week of gains against the USD however this morning, we saw EUR falter from its one month highs. Weak German consumer sentiment data lead investors to question whether troubles in [...]
Slovakia: NBS keeps interest rates unchanged as expected
As expected the Slovak central bank today kept its key policy rate unchanged at 4.25%. It is now (nearly 100%) clear that Slovakia will join the euro area from January 2009, which means that the Slovak central bank (NBS) will have to bring interest rates down to the level of the ECB at 4.00%. The [...]
Slovakia: NBS keeps rates unchanged
As expected the Slovak central bank today kept its key policy rate unchanged at 4.25%. It is now (nearly 100%) clear that Slovakia will join the euro area from January 2009, which means that the Slovak central bank (NBS) will have to bring interest rates down to the level of the ECB at 4.00%. The [...]
Daily Forex Overview
Previous session overview The markets are back to full strength Tuesday with both the UK and U.S. returning from a long weekend. Europe finds the major currencies little changed from levels late Friday. On Monday, the dollar was confined to extremely narrow trading ranges against its major rivals. On Monday, EURUSD trading took a calm [...]
