At 16:00 today, the Bank of Israel Monetary Committee announced the bank's interest rate for December. As most analysts believed, the rate remained at its current level of 0.25%.
Read more“With monetary easing under way by the ECB and Swiss inflation still trending below target levels, the SNB will have to extend the currency cap against the euro into mid-2016 at the very least,” said Bernard Yaros, associate economist at Moody’s Analytics in West Chester, Pennsylvania.
Read moreDavid Tepper, the founder of hedge fund Appaloosa Management, said that he's short the euro during a talk at the Robin Hood Investors Conference in New York City. Tepper, whose fund specializes in distressed debt, said he expects that the European Central Bank will need to expand its balance sheet by instituting more quantitative easing…
Read moreIn Swissquote’s Monday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for EUR/USD and AUD/USD. To view and download the entire report, click here (PDF). EUR/USD: Challenging the 1.2500 threshold • EUR/USD continues to move lower, confirming persistent selling pressures.…
Read moreChina will start direct trading between the yuan and the euro as soon as tomorrow as the world’s second- largest economy seeks to spur global use of its currency. The move will lower transaction costs and so make yuan and euros more attractive to conduct bilateral trade and investment, the People’s Bank of China said…
Read moreIn Swissquote’s Monday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for EUR/USD and AUD/USD. To view and download the entire report, click here (PDF). EUR/USD: Challenging a strong support area • EUR/USD has broken the strong support at 1.2755…
Read moreThe ruble fell past 38 against the dollar on Tuesday as weakness continues...
Read moreIt a bold statement a top Citibank FX technician called for the Eurodollar exchange rate to head to parity and even below. This could remind you of the sovereign debt crisis which started to bubble 2010 across Europe when predictions for parity were also made. However, the euro ended up going on recovery rally. Either…
Read moreIn Swissquote’s Monday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for AUD/USD and EUR/GBP. To view and download the entire report, click here (PDF). AUD/USD: Declining sharply • AUD/USD continues its steep decline. The psychological support at 0.9000 has…
Read moreIn Swissquote’s Thursday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for EUR/USD and USD/JPY. To view and download the entire report, click here (PDF). EUR/USD - Pausing • EUR/USD is trying to bounce from its oversold decline. However, the…
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