something interesting

<  BACK TO Market Analysis

PIG TODAY-Draghi Silence Puts Numbers in Spotlight Before ECB Meeting

 

mario-draghi-opening-taps
  • Inflation, jobless reports for euro area are due this week
  • ECB president has said policy decisions hinge on economic data
  •  

    Mario Draghi is letting the numbers do the talking.

    After five weeks of silence, the European Central Bank president is leaving it largely to a raft of economic data to fine-tune policy expectations ahead of the Governing Council’s next meeting on Sept. 8. Reports covering inflation to business confidence and unemployment in the coming days may signal whether more stimulus is needed to sustain the recovery and revive price growth amid potential fallout from Britain’s vote to leave the European Union.

    Momentum in the 19-nation euro area has so far shown few signs of losing pace, and economists at both JPMorgan Chase & Co and Danske Bank A/S pushed back projections for further easing. But executives in Germany, the region’s largest economy, are beginning to wake up to the Brexit shock, suggesting that more severe consequences may still be ahead.

    “I don’t think there is anything in the data calendar that is so decisive that it will either change the market or the ECB or both,” said Peter Schaffrik, head of European rates strategy at Royal Bank of Canada. “Inflation is going to go up slightly but it’s not going to go up fast enough to make them think ‘we don’t need to do anything.”’

    Policy Messages

    Draghi didn’t attend this year’s gathering of central bankers and economists at Jackson Hole, Wyoming, at the weekend, where Federal Reserve Chair Janet Yellen said the case to raise U.S. interest rates is getting stronger.

    Two years ago, he used the same event to flag a major policy shift that ultimately saw the introduction of quantitative easing. Now, the ECB president is deferring judgment of the euro area’s economic prospects before fresh staff projections are published. Draghi’s analysis of the risks attached to them may shed light on his plans for monetary policy in the months to come.

    Executive Board member Benoit Coeure did attend Jackson Hole, and warned that policy makers “may need to dive deeper into our operational framework” if governments don’t act to boost growth potential in euro-area economies. Even so, he has previously warned of the risks from the side effects of ever increasing stimulus.

    The ECB’s chief economist, Peter Praet, and Governing Council members Francois Villeroy de Galhau and Ewald Nowotny are all scheduled to speak this week.

    The most awaited piece of data in the coming days is probably inflation.

    Euro-area consumer prices are barely rising despite 1.2 trillion euros ($1.3 trillion) of bond purchases and a negative deposit rate, and policy makers agreed at their July 20-21 meeting that no clear upward trend in inflation was yet visible.

    Economists surveyed by Bloomberg predict the rate rose to 0.3 percent in August from 0.2 percent the previous month. That would be the highest since January but still far from the ECB’s goal of just below 2 percent.

    “Draghi has said he wants to make things dependent on the numbers,” said Michael Schubert, an economist at Commerzbank in Frankfurt. As far as inflation is concerned, “every tenth of a percentage point can be a source of hope or despair,” he said.

    Industry and consumer confidence data out on Tuesday will show how well the economy is holding up two months after the U.K. referendum. Private-sector activity unexpectedly picked up in August, driven by an improvement in services, according to surveys by IHS Markit.

    Turning Tides

    But the tide can turn quickly. In Germany, where second-quarter earnings at blue-chip firms beat estimates by more than 10 percent, business sentiment has plunged the most in four years, with executives warning that Brexit and other political crises may damp orders. With an expansion of 0.4 percent, the nation drove euro-area economic growth in the April-June period. In both France and Italy, growth ground to a halt in the quarter. Manufacturing in the region’s second-largest economy has shrunk for six months and tourism is suffering from a series of terrorist attacks. Meanwhile, Italian banks are struggling to dispose of non-performing loans, and a vote on political reform expected in November has the potential to topple Prime Minister Matteo Renzi’s government.Even in Spain, where growth rates have been among the strongest in the region as investment and job creation tick up, risks remain. Acting Prime Minister Mariano Rajoy is facing a confidence vote on Wednesday to secure a second term that, if lost, could put the nation on track for a third election.

    “There are risks related to the geopolitical situation in a number of countries,” said Aline Schuiling, a senior economist at ABN Amro Bank NV in Amsterdam, adding that the ECB will probably lower its growth forecast for next year. “The risks to inflation also seem to be skewed to the downside.”

    Source: bloomberg.com

     

    mario-draghi-opening-taps
  • Inflation, jobless reports for euro area are due this week
  • ECB president has said policy decisions hinge on economic data
  •  

    Mario Draghi is letting the numbers do the talking.

    After five weeks of silence, the European Central Bank president is leaving it largely to a raft of economic data to fine-tune policy expectations ahead of the Governing Council’s next meeting on Sept. 8. Reports covering inflation to business confidence and unemployment in the coming days may signal whether more stimulus is needed to sustain the recovery and revive price growth amid potential fallout from Britain’s vote to leave the European Union.

    Momentum in the 19-nation euro area has so far shown few signs of losing pace, and economists at both JPMorgan Chase & Co and Danske Bank A/S pushed back projections for further easing. But executives in Germany, the region’s largest economy, are beginning to wake up to the Brexit shock, suggesting that more severe consequences may still be ahead.

    “I don’t think there is anything in the data calendar that is so decisive that it will either change the market or the ECB or both,” said Peter Schaffrik, head of European rates strategy at Royal Bank of Canada. “Inflation is going to go up slightly but it’s not going to go up fast enough to make them think ‘we don’t need to do anything.”’

    Policy Messages

    Draghi didn’t attend this year’s gathering of central bankers and economists at Jackson Hole, Wyoming, at the weekend, where Federal Reserve Chair Janet Yellen said the case to raise U.S. interest rates is getting stronger.

    Two years ago, he used the same event to flag a major policy shift that ultimately saw the introduction of quantitative easing. Now, the ECB president is deferring judgment of the euro area’s economic prospects before fresh staff projections are published. Draghi’s analysis of the risks attached to them may shed light on his plans for monetary policy in the months to come.

    Executive Board member Benoit Coeure did attend Jackson Hole, and warned that policy makers “may need to dive deeper into our operational framework” if governments don’t act to boost growth potential in euro-area economies. Even so, he has previously warned of the risks from the side effects of ever increasing stimulus.

    The ECB’s chief economist, Peter Praet, and Governing Council members Francois Villeroy de Galhau and Ewald Nowotny are all scheduled to speak this week.

    The most awaited piece of data in the coming days is probably inflation.

    Euro-area consumer prices are barely rising despite 1.2 trillion euros ($1.3 trillion) of bond purchases and a negative deposit rate, and policy makers agreed at their July 20-21 meeting that no clear upward trend in inflation was yet visible.

    Economists surveyed by Bloomberg predict the rate rose to 0.3 percent in August from 0.2 percent the previous month. That would be the highest since January but still far from the ECB’s goal of just below 2 percent.

    “Draghi has said he wants to make things dependent on the numbers,” said Michael Schubert, an economist at Commerzbank in Frankfurt. As far as inflation is concerned, “every tenth of a percentage point can be a source of hope or despair,” he said.

    Industry and consumer confidence data out on Tuesday will show how well the economy is holding up two months after the U.K. referendum. Private-sector activity unexpectedly picked up in August, driven by an improvement in services, according to surveys by IHS Markit.

    Turning Tides

    But the tide can turn quickly. In Germany, where second-quarter earnings at blue-chip firms beat estimates by more than 10 percent, business sentiment has plunged the most in four years, with executives warning that Brexit and other political crises may damp orders. With an expansion of 0.4 percent, the nation drove euro-area economic growth in the April-June period. In both France and Italy, growth ground to a halt in the quarter. Manufacturing in the region’s second-largest economy has shrunk for six months and tourism is suffering from a series of terrorist attacks. Meanwhile, Italian banks are struggling to dispose of non-performing loans, and a vote on political reform expected in November has the potential to topple Prime Minister Matteo Renzi’s government.Even in Spain, where growth rates have been among the strongest in the region as investment and job creation tick up, risks remain. Acting Prime Minister Mariano Rajoy is facing a confidence vote on Wednesday to secure a second term that, if lost, could put the nation on track for a third election.

    “There are risks related to the geopolitical situation in a number of countries,” said Aline Schuiling, a senior economist at ABN Amro Bank NV in Amsterdam, adding that the ECB will probably lower its growth forecast for next year. “The risks to inflation also seem to be skewed to the downside.”

    Source: bloomberg.com

    lastest Articles

    Market Analysis
    Gold climbs to weekly tops, around $1338 level
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 13.06.2019
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    UK PM Candidate Javid: My absolute priority is to deliver a Brexit deal
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    US: Damage already done from the Mexico tariff threat? – ABN AMRO
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY -12.06.2019
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Preview: Draghi’s speech at ECB conference on CESEE in Frankfurt
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    OPEC+ and global supply risks to put a floor in crude markets - TDS
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Gold slips to 1-week low, below $1325 level amid fading safe-haven demand
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    FOREX Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY -11.06.2019
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Obsessed
    This Time It's Different
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EU Commissioner Moscovici: EU still has risks to monitor, including Brexit and Italy’s finances
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Gold drops to multi-day lows, around $1325 level
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 10.06.2019
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    USD/CAD Canadian Dollar Higher After US and Canadian Jobs Report
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    ECB's Vasiliauskas: Inflation outlook is 'not bad'
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    BOJ: Expect further easing in September – JP Morgan
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD flirting with daily lows near 1.1260
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    ECB and Eurozone GDP amongst market movers today – Danske Bank
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD: Downtrend eroded? - Commerzbank
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    FOMC: July meeting priced in for 21bps of cuts – Deutsche Bank
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD firmer, approaches 1.1300 ahead of US ADP
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    ECB: Tweak in policy rate forward guidance?
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    USD: Further selling? – Danske Bank
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Gold jumps to over 3-month tops, around $1330 area
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/GBP could move towards 0.9 – Danske Bank
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Market Death by Tariffs; Safe-Havens Reign Supreme
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD holds steady near 1.1135 amid falling German yields
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 31.05.2019
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Gold technical analysis: Bulls challenge 100-hour SMA/38.2% Fibo. confluence resistance
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    BoE's Ramsden: Little more pessimistic about the GDP growth that the latest BoE forecasts
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 30.05.2019
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    USD/JPY climbs to 1-week tops, 110.00 mark back on sight
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD Technical Analysis: Rising bets for another test of 2019 lows near 1.1100
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 29.05.2019
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Gold rallies to session tops, around $1285 level amid reviving safe-haven demand
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD remains under pressure around 1.1180
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 28.05.2019
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    USD/JPY treads water near 109.50 amid negative Treasury yields
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    GBP/JPY technical analysis: Hangs near multi-month lows, bears eyeing a break below mid-138.00s
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    USD/CAD ticks higher to mid-1.3400s amid weaker Oil prices
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD unable to gather traction above 1.1200
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    May’s Resignation means Brexit is Back to Square One
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 24.05.2019
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    GBP/USD clings to modest recovery gains, 1.2700 mark back on sight post-UK data
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD Technical Analysis: Interim resistance emerges at the 55-day SMA at 1.1236
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Gold in search of a firm direction, holds steady near $1275 area
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD remains under pressure near 1.1150 post-German GDP
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 22.05.2019
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    FOMC Minutes to portray a cautious tone
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    GBP/USD technical analysis: Hammered down to 4-1/2 lows, vulnerable to test 1.2600 mark
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY -21.02.2019
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    RBA: Rate cut in June and August?
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD resumes the downside near 1.1150 ahead of ECB, data
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    ECB's de Cos: European financial system remains fragile
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/JPY remains sidelined below the 123.00 handle
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD seen at 1.15 in 6-month – Danske Bank
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    USD/CAD Canadian Dollar Lower Despite Reaching Tariff Agreement With US
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 17.05.2019
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Gold drops to session lows, retreats further below $1300 mark
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD: Short-term consolidation?
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    JPY futures: room for further depreciation
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    USD/TRY edging higher, approaches the 6.10 area
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    AUD/USD technical analysis: Bears flirting with 1-week old descending trend-channel support
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 14.05.2019
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    GBP/USD keeps the red below mid-1.2900s, 2-week lows post-UK jobs data
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD Technical Analysis: Recent tops and the 55-day SMA keeps limiting extra gains
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD: Balance of risks still favour 1.10 in 2Q19
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY -13.05.2019
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    BoE's Broadbent: Doesn't know which way rates would go in case of a messy no-deal Brexit
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Dollar falls as the US-China trade war intensifies
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 10.05.2019
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Central Banks: Space to deliver more easing, if required – Standard Chartered
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    USD/JPY fails to extend attempted recovery beyond 110.00 mark
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 09.05.2019
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    AUD finds little relief in RBA steady hand
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/JPY Technical Analysis: Door open for extra losses to 128.40
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    US Dollar Index probes daily tops near 97.60
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Gold eases from near 2-week tops, focus remains on US-China trade talks
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    USD/JPY in search of a firm direction, stuck in a range below 111.00 mark
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD Technical Analysis: Near term bearish below the 55-day SMA at 1.1268
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Australia: Lowest real retail growth since 2012
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 06.05.2019
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    GBP/USD: Short term downtrend eroded - Commerzbank
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Dollar softens on wage focus; RBA and RBNZ easing eyed
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 03.05.2019
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD: Techs lean bearish ahead of US non-farm payrolls
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Asia: Material improvement in external positions
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Gold Technical Analysis: Falls to over 1-week lows, further slide to $1260 area now looks a distinct possibility
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY -02.05.2019
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Dollar rally stalls ahead of FOMC, NFP, Trade Talks, and Earnings
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Big Earnings, Rate Decisions and US GDP once markets return from holiday
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    AUD/USD inches higher to 0.7160, but lacks follow-through
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    USD/JPY frozen near 111.90 ahead of US housing data
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: Yen ignores BOJ operation, Good Friday quiet trading to extend
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD consolidates the slide near 1.1250, US retail sales eyed
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY-18.04.2019
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Company News
    Easter Trading Schedule
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD is holding steady
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    GBP/USD: Recovery towards 1.3100 on its way ahead of UK CPI
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    FX Today: Antipodeans rescued by strong China data; focus on UK/ Eurozone CPI
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613