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Riksbank Keeps Rates Unchanged, USDSEK Drops

Riksbank keeps interest rates unchanged at -0.25% as widely expected by markets, leaving the doors open for a hike to zero per cent in December, and then steady for prolonged time. USDSEK on the news gives up 0.66 per cent down to 9.5721 making fresh two-month low as traders anticipate...


GBPUSD Moves Above 1.29 Again. What’s Next?

GBPUSD closed 0.34% higher yesterday after reports emerged that EU is willing to offer a three-month Brexit extension to UK. The 5-month high of 1.3013 remains the intraday target for the bulls. Download our Gold Prices Q4 Outlook Today! Reports of disagreements within the Government were quickly dismissed as the [...]
Nikkei 225 m

Nikkei 225 Hits One-Year High as Risk Appetite Returns

Asian indices and Nikkei gained further ground today as risk appetite returns on US-China trade deal hopes, better Q3 earnings results and weaker Yen. The Hang Seng index trades 0.61% higher at 26,729, the Shanghai Composite is 0.07% lower at 2,939, while the Singapore Straits Times is 0.84% higher at [...]
ECB Preview Mario Draghi

Forex Focus on ECB and European PMI’s

It is ECB day today and forex traders do not expect much of the last ECB meeting with Mario Draghi as President. You can read more in our ECB Preview: What Do Six Banks Anticipate? The European trading session starts with France October flash Manufacturing, Services and Composite PMI due [...]

Eurozone Consumer Confidence Disappoints, EURUSD Unmoved

The Consumer Confidence for October, released by the European Commission, has missed market forecasts as it printed -7.6, compared to -6.7 expected and -6.5 reported for September. EURUSD hasn't reacted to this data release so far. Markit Manufacturing PMI, Marking Service PMI and Markit PMI Composite are due to be [...]
Forex Focus on European PMI’s

ECB Preview: What Do Six Banks Anticipate?

Tomorrow’s ECB rate meeting will be the last one for Mr Draghi as ECB president. In September meeting, the ECB cut the deposit rate by 10bps to -0.5%, restarted the asset purchases by €20bn/month, repriced TLTRO's, and strengthened the forward guidance. Don’t miss a beat! Follow us on Telegram and [...]