Jul 14, 2015 21:35 pm UTC| Commentary
RBC notes:The pair remains well supported at the 0.70-sh area, as it formed a weekly piercing pattern, negating a bearish opening gap last week and closing above the 50% of the previous candles body. This is a typical...
Jul 14, 2015 21:27 pm UTC| Commentary
RBS notes:Most comments remain relevant from the last week with additional confidence gained amid rejection of the area below 1.54 and a potential weekly bullish engulfing candlestick this week (a weekly close above 1.5551...
Jul 14, 2015 21:22 pm UTC| Commentary
RBS notes:The pair sustained above a key level of 1.0965, as weekly MACD formed a positive crossover, confirming the view that the correction may be over and an uptrend formation may start from this week. This is also...
BOJ's monetary policy to depend on the wage and price data
Jul 14, 2015 21:00 pm UTC| Commentary
BofA Merrill Lynch notes:If the impact from the destabilization of global financial conditions remains limited (what we consider the main scenario at this point), we expect the BOJs monetary policy to basically depend on...
Assessment of overseas economies is key for BOJ
Jul 14, 2015 20:53 pm UTC| Commentary
The BOJ will hold a Monetary Policy Board meeting on 14-15 July. We expect it to adhere to its current monetary policy framework, including the amounts and residual maturities of its bond purchases. The BOJ will issue an...
Iran's Oil production expected to ramp up to full capacity
Jul 14, 2015 20:42 pm UTC| Commentary
The removal of the sanctions means that Iran will again be able to ramp up production to full capacity, that is, increase output by 800k b/d."We dont expect to see production at full capacity before late 2016 as the UN...
Why did oil prices reverse its full drop in prices today?
Jul 14, 2015 20:27 pm UTC| Commentary
The oil market started to price in the return of Iranian oil just before the first deadline for the negotiations was reached on 30 June. Then as the negotiations made progress and a new postponement seemed more and more...
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