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Mar. 17: Asian session Asian stocks mostly fell on Monday as concerns over Ukraine escalated after the Crimea referendum on Sunday. Russian exit polls show that 95.5% of Crimeans voted to break away from Ukraine and join the Russian Federation. Investors nervously await for the West’s response...

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Mar. 10: Asian session Asian shares fell after reports showed the biggest drop in Chinese exports since 2009 and tensions in Ukraine continue. MSCI Asia Pacific Index dropped by 1%. Japanese Nikkei is also down by 1%. The market’s sentiment was hurt as well as Chinese yuan fell on the central...

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Italy will have new government Italy’ Prime Minister Enrico Letta will step down today as the leadership of his centre-left party deserted him for Matteo Renzi (136 votes to 16). Critics say that Letta hasn’t been able to carry out much-needed administrative reforms and stimulate economic...

Feb. 14: Asian session Japanese Topix index slid 1.2%, while the Nikkei 225 dropped 1.3%. The MSCI Asia Pacific Index of shares was little changed after falling as much as 0.2% earlier today. USD/JPY slid to 101.56. Demand for safe havens increased making yen appreciate. AUD/USD tested $0.9030...

EUR/USD: what do the banks say? We have searched for the fresh EUR/USD recommendations from the major banks and here’s what we’ve found. Bulls Nordea: Keep EUR/USD long (from $1.3450), next support area $1.3380/1.3450. Stop loss is at $1.3340, while take profit is at $1.3850. The ECB won’t...

Barclays: bearish on GBP/USD GBP/USD extends the decline on Monday, testing $1.6330. According to analysts at Barclays, a daily close below $1.6300 will pull the cable down to $1.5850 in the coming weeks. They note that the pair has broken the July trend line to the downside. Analysts point...

Danthine: EUR/CHF peg still needed SNB Vice-Chairman Jean-Pierre Danthine told in an interview to a Swiss newspaper that the central bank would only consider scrapping the 1.20 EUR/CHF cap if inflation was much higher and if there was less upward pressure on the currency. He went further...

Feb. 3: European session EUR/USD recovered to $1.3500. Euro zone’s final manufacturing PMI for January was revised a bit higher from 53.9 to 54.0. German final January manufacturing PMI was revised up from 56.3 to 56.6. Spanish index came better than expected, but Italian index disappointed...

Feb. 3: Asian session - Asian shares declined - Lower liquidity, higher volatility Asian shares declined as strains in emerging markets show little sign of abating. Chinese official Purchasing Managers’ Index (PMI) dipped from December’s 51 to 50.5 in January. MSCI’s broadest index of...

FOMC's expected to cut QE The Federal Reserve’s decision will be announced today at 19:00 GMT. Many economists expect that the central bank will announce another reduction of its bond buying program by $10 billion to $65 billion a month. Nomura thinks that the problems at emerging markets won’t...

Carney will discuss GBP currency union By Kira Iukhtenko, FX BAZOOKA analyst The BoE Governor Marc Carney will meet the Scottish First Minister Alex Salmond in Edinburgh today in order to discuss the challenges presented by a potential sterling currency union. Mr. Carney will hold a speech hold...

BofA: USD index will rise The US dollar Index keeps consolidating in its 3-month 81.48/79.68 range, notes Bank of America Merrill Lynch. "Odds continue to favor an upside resolution to 82.55/82.15 but it could take some time to play out. This scenario is invalidated below 79.68," BofA projects.

USD/CAD: ahead of the new highs USD/CAD bulls made another go at multi-year highs above 1.1170, but then were pulled back to the 1.1140 area. The pair has been rising during the recent month on the divergence between more hawking stance of the Fed and the dovish inclinations of the Bank of...

ANZ: long-term bulls on USD/JPY According to ANZ strategists, USD/JPY remains in a long-term rising trend. However, a close above 103.65 would be required to provide some conviction that the uptrend with a next target of 106.50 might have resumed. "A resumption of the uptrend should allow...

NZD/USD: 2 meetings ahead NZD/USD was initially supported by the decision of the Turkish central bank to make an aggressive rate hike. However, the pair’s vulnerable to uncertainty ahead of the Fed’s decision (19:00 GMT) and the Reserve bank of New Zealand’s meeting (20:00 GMT). There’s some...

Commerzbank on AUD/USD Commerzbank says AUD/USD visit $0.8870 (20-day MA) before resuming decline. Analysts say that the pair has reached its interim target at $0.8710/.8671 (the base of the channel in 2011-2014 and the 38.2% retracement of the advance from 2001 to 2011) and is correcting...

RBA won't cut rates The recent article in Wall Street Journal argues that the Reserve Bank of Australia wouldn’t cut interest from the record low of 2.5% on Feb. 4. Recent data showed Australia’s inflation cam at 0.8% in Q4 (forecast: 0.5%). For the full year, inflation ran at 2.7%, toward the...

Jan. 29: Asian session Asian markets rallied on Wednesday after Turkey raised the benchmark interest rate from 7.75% to 12%, stirring hopes the drastic action would short-circuit a vicious cycle of selling in emerging markets and revive risk appetite generally. MSCI’s broadest index of...