
Nov 25, 2016 06:29 am UTC| Central Banks Research & Analysis
We target 0.6812 levels (i.e. 23.6% Fibonacci retracements from the highs of 0.7485 levels) which is sensible based on an assumption the Fed will hike in Dec and the further hiking cycle in 2017 is also on the cards, while...

Nov 25, 2016 05:30 am UTC| Technicals Central Banks
The bulls break resistances of 1.0493, likely to make equidistance upmove (2.39%) upon breach above support of 1.0588. The current prices spike above DMAs, capture dips to add longs. RSIs upward convergence signals...

SARB keeps policy rate unchanged in wake of heightened global uncertainty
Nov 25, 2016 05:20 am UTC| Central Banks Economy
The South African Reserve Bank (SARB) remained on hold at the monetary policy meeting held Thursday, underlining weak domestic currency amid heightened risks from global uncertainty. Also, inflation remained below the...

Nov 25, 2016 04:35 am UTC| Central Banks Research & Analysis
The Central Bank of Turkey raised its benchmark one-week repo rate by a higher-than-expected 50bps to 8 pct on November 24th and its overnight lending rate by 25 bps to 8.5 pct, while it held its borrowing rate at 7.25...
Nov 25, 2016 02:44 am UTC| Central Banks Commentary
The US dollar index rose to a fresh 14-year high early London but then retraced to be unchanged on the day. The Kiwis trade balance for October was -$846m which is better than anticipated, with a stronger than projected...

Nov 25, 2016 01:16 am UTC| Central Banks Research & Analysis
The most recent South African economic data was not exactly constructive: the unemployment rate rose to over 27% in Q3 and the inflation rate also rose to 6.4% in October. That means it has eased only slightly against its...
ECB's policy unlikely to affect CNB’s decision to exit EUR/CZK floor - Gov Jiri Rusnok
Nov 24, 2016 15:35 pm UTC| Commentary Central Banks
Czech National Bank governor Jiri Rusnok in an unexpected turn of events announced yesterday that the European Central Banks (ECB) eventual extension of bond-buying programme may not affect Czech National Banks (CNB)...