AUD/USD intraday bias remains neutral, RBA meeting minutes in focus
Feb 15, 2016 10:15 am UTC| Technicals Central Banks
Pair is well supported above $0.7100 levels. It made intraday high at $0.7171 and low at $0.7100 levels. Corrective rebound from $0.6826 should have completed at 0.7241 already. On the top side, a daily...
Indonesia’s trade surplus raises the probability for another rate cut from BI
Feb 15, 2016 10:07 am UTC| Commentary Economy Central Banks
Indonesias January trade balance recorded a minor surplus of 50 million USD, as compared to market expectation of 241million USD deficit. However, the overall trade activity remains subdued as exports declined 20.7% y/y...
South Korean central bank likely to keep rates on hold until end of 2016
Feb 15, 2016 06:37 am UTC| Commentary Central Banks
The Bank of Korea, at its upcoming meeting, is likely to keep its policy rate unchanged at 1.50%. The committee is expected to discuss the current global financial market volatility during the meeting, while several...
Will BoJ intervention turn the trend in the JPY?
Feb 12, 2016 15:46 pm UTC| Commentary Central Banks
Intra-day USD-JPY price action which has evidenced occasional spikes higher shows the fear of intervention from the Bank of Japan. Historical data has shown that intervention usually causes a knee-jerk reaction,...
ECB’s growth forecast of 1.7% for the euro zone too optimistic
Feb 12, 2016 14:38 pm UTC| Commentary Central Banks
Data released earlier today showed that German GDP in Q4 expanded by 0.3% q/q as expected (consensus : 0.3%). Details showed that strong government and private consumption was obviously neutralised by declining external...
South Korean won likely to fall against US dollar, BoK rate decision in focus
Feb 12, 2016 12:30 pm UTC| Commentary Central Banks
USD/KRW remains well supported above 1200.00 marks. Since the start of this week, pair remains range bound in between 1211 to 1185 marks. BOK will announce its interest rate decision by next week on February...
Strong yen puts pressure on BoJ
Feb 12, 2016 11:47 am UTC| Commentary Central Banks
The Japanese stock market indices continue to decline as Nikkei lost more than 750 points since morning. The losses amounted to more than 10% since the Chinese stock markets have been closed for New Year celebrations. The...
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