FxWirePro: BRICS currencies on verge of short gains - hedging perspectives (BRL & RUB)
Mar 07, 2016 13:02 pm UTC| Technicals
BRL: We believe Brazil is entering a regime of fiscal dominance, where an increase in real rates would elevate the governments interest payments and worsen debt dynamics. The central bank of Brazil left its benchmark...
Brazil’s inflation likely accelerated in February, upside risks to inflation continues to rise
Mar 07, 2016 12:16 pm UTC| Commentary
February is expected to have been the last month Brazils inflation accelerated given that the surge in regulated segments of housing inflation was executed in March. Hence, base effect is likely to eventually help...
Mar 07, 2016 11:05 am UTC| Technicals
CrudeOil is pulling away from the markets biggest stormin seven years. A measure of price volatility has tumbled from the highest level since January 2009 as the market frenzy eases amid a potentialpact between the worlds...
Mar 07, 2016 08:12 am UTC| Technicals
Stronger than expected data out of the U.S. supported this weeks risk-on bias in global financial markets. Nonfarm payrolls took centre stage at the end of the week adding 242k jobs in February. Though we are of the...
Mar 07, 2016 06:42 am UTC| Technicals
We, at FxWirePro, think thatthat USDJPY is sensing pressures for downside risks: Although the Fed will likely to remain on the sidelines on March 16th, the improving domestic backdrop supports our view that the Fed will...
Mar 04, 2016 12:40 pm UTC| Technicals
Ahead of todays announcement of Canadian trade balance report, CAD dollar exchange rate has been bullish especially against currency peers such as the AUD, EUR and USD. Canada recorded a trade deficit of 584.90 CAD Million...
Mar 04, 2016 10:58 am UTC| Technicals
On weekly plotting, Bullish engulfing most likely with US session to spare, downtrend moving sloping channel so far, bulls hovers at channel resistance, expect sideways or mildly upswings in short run. Break above...