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Forex Trading

Mario Draghi ECB Press Conference

Mario Draghi ECB Press Conference

  • Data confirm previous assessment
  • Signs of stabilization
  • Downside risks
  • Euro Area stabilization
  • Inflation likely to stay above 2%
  • Upside risks to inflation prevailing
  • Underlying pace of monetary expansion subdued
  • ECB committed to price stability
  • German Bunds stay lower, signs of stabilization
  • LTRO will help lending activity in the region

Canada New House Price Index Stays According to Forecast

Canada New House Price Index Stays According to Forecast

CA New House Price Index MoM :  Survey: 0.1%    Actual: 0.1% Prior: 0.1%

CA New House Price Index YoY:  Survey: 2.5%    Actual: 2.4% Prior: 2.5%

Initial Jobless Claims and Continuing Claims both continue upward rise

Initial Jobless Claims

  • Survey: 351k, Actual: 362k, Prior: 351k, Revised: 354k

Continuing Claims

  • Survey: 3400k, Actual: 3416k, Prior: 3402k, Revised: 3406k

ECB Leaves Key Benchmark Rate Unchanged at 1.0%

ECB Leaves Key Benchmark Rate Unchanged at 1.0%

Challenger Job Cuts YoY Fall Precipitously

Challenger Job Cuts YoY Fall Precipitously

Challenger Job Cuts YoY

Actual: 2.0%, Prior: 38.9%

Bank of England Announcs Benchmark Rates at 0.50% Unchanged

Also keeps Quantitative Easing, Asset Purchase Target at 325 Bln

usd/sgd bouncing off the top of this channel.

usd/sgd bouncing off the top of this channel for the second time which might signal that the pair will start to test the bottom of this channel.

USDJPY Off 100 Week MAVG

The record Current Account deficit weakened the Yen, however the USDJPY pair has not been able to break through the 100 week moving average. A break above the indicator/38.2%/trendline resistance could put 2009 USDJPY levels into play into the new fiscal year in Japan (3/31 year end in Japan).

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