SNB Downgraded Inflation Forecast for Switzerland, Pledged to Curb Franc’s Strength
SNB left target range for the three-month Libor unchanged at between -1.25% and -0.25%, and maintained a dovish tone. Apart from pledging to intervene the “highly valued” Swiss franc, the central bank downgraded its inflation forecasts. However, this appears to...
Silver Spot 15.7500 Expected
Pivot (invalidation): 15.4200 Our preference Long positions above 15.4200 with targets at 15.6700 & 15.7500 in extension. Alternative scenario Below 15.4200 look for further downside with 15.3500 & 15.2400 as targets. – advertisement –
Comment The RSI is bullish...
British Pound Trading Higher Ahead Of The BoE’s Monetary Policy Decision
For the 24 hours to 23:00 GMT, the GBP declined 0.52% against the USD and closed at 1.3199, after British Prime Minister Theresa May confirmed that she was seeking a three-month delay the Brexit deadline. In economic news, UK’s consumer...
Japan’s Machine Tool Orders Plunged In February
For the 24 hours to 23:00 GMT, the USD declined 0.61% against the JPY and closed at 110.69. On the data front, Japan’s final machine tool orders sank 29.3% on an annual basis in February, confirming the preliminary print and...
Dovish Fed, Recession Risks, Prolonged Trade War, Brexit Fatigue
Dollar tumbled sharply overnight as FOMC economic projected turned out to be much more dovish than expected. Selling continues today, in particular against the Japanese Yen, which is lifted broadly on after the sharp decline in US treasury yields, in...
Go-Pay sets out to ‘strengthen’ its digital wallet presence in cash-reliant Indonesia
Digital payment is becoming increasingly popular in Indonesia — yet 99 percent of transactions by volume are carried out using cash, according to management consultancy McKinsey and Company. To tap the massive potential of Indonesia’s electronic payment market, Go-Pay —...
Fed Turns Even More Dovish in March – Downgrading Economic Outlook, Pausing Rate Hike Cycle, Ending Balance Sheet Reduction
The Fed has turned more dovish than previously expected. Besides downgrading the economic assessments at the policy statement, the members now expect no change in interest rate this year, followed by one rate hike in 2020. They also revised lower...
USD/CHF Tumbles Below Key Supports
Key Highlights The US Dollar topped at 1.0124 and declined below 1.0000 against the Swiss Franc. USD/CHF traded below a key bullish trend line with support at 1.0045 on the 4-hours chart. The Federal Reserve made no change in interest...
Levi Strauss prices IPO at $17 a share
Levi Strauss priced its initial public offering at $17 per share, the company announced late Wednesday. That number comes in higher than the expected range, valuing the iconic denim company at about $6.6 billion and bringing its total raise to...
Trump finally got his wish from the Fed, but not for the reasons he wanted
The Federal Reserve likely just stalled interest rate increases for the year. The move announced Wednesday should please President Donald Trump, who has repeatedly urged the central bank to hit the brakes on rate hikes. But he may not like...
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