Extras

Overnight/early morning the BOJ (bank of Japan) published its latest monetary policy statement. The Board of the Bank of Japan decided that the Bank of Japan will conduct money market operations so that the monetary base will increase at an annual pace of about 60-70 trillion yen. On current exchange rates this is approximately $600-700 […]

During his visit to Japan over the weekend the French President Francois Hollande told the assorted dignitaries, luminaries and hunting press pack during a press conference that the Eurozone had overcome its biggest test and was now on the way to recovery; “What you need to understand here in Japan is that the crisis in

Germany’s factory orders came in way below expectations  yesterday, the economists polled by Bloomberg expected a 1% drop and the published figures indicated a 2.3% drop, which was quite a miss. However, the euro appeared to brush this news aside and stay on its bullish intraday trajectory, eventually finishing at its highest rate versus the

Yesterday the Eurozone (and more specifically Spain) finally received some positive news on the dire unemployment situation which has disproportionately hammered Spain’s youth employment prospects. To describe the news that unemployment had stopped rising, and conducted a hand brake turn that a stunt driver in Fast & Furious 6 would be proud of, would be

In the overnight session the Australian first quarter growth figures were produced and the publication disappointed analysts, albeit the prediction versus the actual published fact was marginal. The 0.6 per cent quarterly expansion, below analyst expectations of 0.7 per cent, caused speculation that the Reserve Bank of Australia will look to cut cut base interest

2013-05-30 06:28 GMT GBP/USD was held off yesterday recording a low of 1.5008 and climbed on a broad based dollar squeeze across a range of pairs. The resistance line at 1.5130 was pretty key and now come sin as support above pivot 1.5095 as the market is targeting the upside for resistance at 1.5170, 1.5190

The NZD/USD has recovered the 0.8100 level, after an earlier stumble during the overnight session that took the pair to the depths of 0.8061 (session low). Monday is utterly devoid of meaningful economic data across virtually any medium, on accounts of holidays in both the UK and United States. Presently, the pair is operating at

The USD/CAD has oscillated in an extremely narrow 26-pip consolidation Monday (1.0307 – 1.0333) during a muted holiday session, presently operating at 1.0317/18. In these moments the pair is securing a modest advance of +0.13% above its opening during European trading. Technically speaking, Mataf.net analysts resistive to supportive means for the USD/CAD at 1.0352, onto

The shared currency is consolidating around the mid 1.28s on Thursday, ahead of the flash manufacturing and services PMI in the euro area. “Today’s data will likely be a key input for the ECB’s June rate decision, but we think that we would have to see a clear worsening to get the ECB to truly