Analysts at Rabobank explained that the ECB will continue its efforts to bring growth and inflation back on track.

Key Quotes:

“Moreover, when we think about the various risks that the Eurozone are facing, a ‘Brexit’ could typically be a scenario which would give the ECB a good excuse to abandon the capital key restriction.

A UK exit from the EU would likely raise speculation of more countries following the UK’s example and push sovereign spreads higher.

In recent months we’ve also come across a list of policy measures that verges on the absurd/unthinkable.

This (tongue in cheek) ranges from the ECB buying oil (we cannot see how this works when the oil is stored), taking large chuncks of risky assets from bank’s balance sheets (but it’s regulating the industry) to helicopter money (which people then use to deleverage) to ECB cash for clunckers coupled with a Green Agenda (ECB going ‘electric’ rather than ‘nuclear’).

One thing is sure, though, as long as the structural problems are not solved, the ECB has no option but to keep ‘cooking’.”

Analysts at Rabobank explained that the ECB will continue its efforts to bring growth and inflation back on track.

(Market News Provided by FXstreet)

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Polish equity market closed lower on Friday. The broad market measure, the WIG Index, edged down 0.1%. Sector performance within the WIG Index was mixed. Materials sector (+3.31%) was the strongest group, while construction sector (-2.28%) lagged behin…

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Analysts at TD Securities explained that the US data calendar is fairly light next week, but heads will now turn to Fed speakers.Key Quotes:”The focus will be on remarks by Fed Vice-Chair Fischer and Governor Brainard, as the market looks for direction…

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The ECB meeting on March 10 kicks off the monthly round of central bank meetings. Among other major central banks that will decide on policy over the next days, the UBS team believes the ECB is the one with the most urgent need to deliver some sort of …

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AUD/USD has been better bid ever since it broke through the 200 dma and has now penetrated the previous double top pattern on the daily sticks on the back of the US jobs report.While the headline was decent, with the US that created 242k jobs in Februa…

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Strategist at Rabobank Christian Lawrence sees the Brazilian currency depreciating further in the short-term.

Key Quotes

“Our bearish view on BRL has proven somewhat aggressive so far this year with USD/BRL range trading more than anything else”.

“That said, the range has been wide with a high of 4.17 and a low of 3.85”.

“To our mind, support for BRL came as volatility fell and therefore carry became more attractive”.

“Our analysis shows BRL as the third most attractive carry currency globally. This type of support is fragile however and a sharp uptick in volatility would be accompanied by BRL selling which could push the pair back up to 4.20 in short order”.

Strategist at Rabobank Christian Lawrence sees the Brazilian currency depreciating further in the short-term…

(Market News Provided by FXstreet)

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