Technical analysis of EUR/USD for Feb 06, 2018

When the European market opens, some Economic Data will be released such as Retail Sales m/m, Sentix Investor Confidence, Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, and Spanish Services PMI. The US will release the Economic Data too, such as Loan Officer Survey, Mortgage Delinquencies, ISM Non-Manufacturing PMI, […]

NAB says that the dollar bounce will be short-lived

The National Australia Bank FX strategy team sees the dollar index heading to 85.00 in «coming quarters»Near-term, NAB sees a minor reversal of the recent downtrend in the dollar — but they expect further dollar weakness due to the «breakdown in the relationship between yield differentials and the dollar».Regarding the recent rise in yields, NAB […]

Japan PM Abe: 2% inflation is a global standard

Japanese prime minister Shinzo Abe speaks in parliament in Tokyo Market environment has greatly changed due to 2% target Still hopes that BOJ continues to promote bold monetary easing to achieve target 2% target is appropriate for BOJ Japan has not escaped deflation yet, but momentum towards 2% inflation is still there 2% target will […]