Onínọmbà Imọ-ẹrọ & Iṣowo Forex: Oṣu Kẹrin Ọjọ 18 2013
2013-04-18 05:50 GMT
Weidmann opens the door to an ECB rate cut and foresees a lost decade in Europe
Jens Weidmann, the Bundesbank’s president, has affirmed that the European Central Bank could cut its interest rates if economic data continues worsening, according to an interview published by WSJ. Market has been speculating about the possibilities of the ECB cutting rates and now with inflation below the 2.0% it seems more than likely in May or June. However, Weidmann said the ECB “might adjust in response to new information," but he doesn’t “think that the monetary policy stance is the key issue."
"A point that I think is important to make, perhaps less for my central bank colleagues than for finance ministers,” Weidmann pointed, “is that the medication monetary policy makers administer only cures the symptoms and that it comes with side-effects and risks." In Weidmann's words, the important thing is the development of the reforms at the national and European level. The Bundesbank president also stated that the European recovery will take as much as a decade. The opinion is contrary to other European leaders who said that the worst of the crisis is over. "Overcoming the crisis and the crisis effects will remain a challenge over the next decade,” Weidmann affirmed.-FXstreet.com
KALENDAR AJE EJE
24h
G20 Finance Ministers and Central Bank Governors Meeting
2013-04-18 08:30 GMT
UK. Retail Sales (YoY) (Mar)
2013-04-18 12:30 GMT
USA. Initial Jobless Claims (Apr 13)
2013-04-18 14:00 GMT
USA. Philadelphia Fed Manufacturing Survey (Apr)
KALENDAR AJE EJE
2013-04-18 05:58 GMT
EUR/USD flat-lining around 1.3040/45
2013-04-18 03:58 GMT
BoC unlikely to hike rates until H2 2014 – Nomura
2013-04-18 03:17 GMT
Australia activity will soften into the June quarter – NAB
2013-04-18 01:59 GMT
China house prices continue to rise
IWỌN ỌJỌ ỌJỌ - Itupalẹ Intraday
Upwards scenario: Price consolidates after the initial downtrend development yesterday. Price appreciation is possible above the next resistance level at 1.3061 (R1). Break here is required to enable intraday targets at 1.3081 (R2) and 1.3102 (R3). Downwards scenario: On the other hand, technically important supportive structure lies at 1.3001 (S1). If the price manages to overcome it, we would suggest next initial targets at 1.2979 (S2) and 1.2957 (S3) in perspective.
Awọn ipele Ipele: 1.3061, 1.3081, 1.3102
Awọn ipele atilẹyin: 1.3001, 1.2979, 1.2957
Upwards scenario: GBPUSD maintained a negative near-term tone though recovery action is possible above the next visible resistance at 1.5270 (R1). Clearance here might initiate bullish pressure and validate our next targets at 1.5287 (R2) and 1.5304 (R3). Downwards scenario: On the downside our focus is shifted to the next support level at 1.5216 (S1). Loss here is required to push the price towards to our next interim targets at 1.5199 (S2) en route towards to final support at 1.5182 (S3)
Awọn ipele Ipele: 1.5270, 1.5287, 1.5304
Awọn ipele atilẹyin: 1.5216, 1.5199, 1.5182
Upwards scenario: Next visible fractal level locates at 98.44 (R1). Violation here is required to provide a signal of possible uptrend formation. In such case, resistances at 98.70 (R2) and 98.96 (R3) acts as next attractive points for the bullish oriented traders. Downwards scenario: Negative developments might be settled below the important support level at 97.81 (S1). Any price action below it would then be targeting support at 97.56 (S2) and final target could be exposed at 97.29 (S3) mark.
Awọn ipele Ipele: 98.44, 98.70, 98.96
Awọn ipele atilẹyin: 97.81, 97.56, 97.29
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