The Bank of Mozambique held its standing facility lending interest rate unchanged at 15.00%. The Bank also held the required reserve...
Bank of Mozambique Holds Interest Rate at 15.00%
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Dollar Resuming Rebound after Durable Goods Disappointment
Dollar is set to resume yesterday’s rebound after disappointing durable goods orders released in US. Headline orders unexpectedly dropped -2.4% in August versus expectation of 0.1% rise. Ex-transport orders was flat comparing to consensus of 0.8% rise. The greenback is additional lifted by...
EUR/CHF Daily Outlook
Daily Pivots: (S1) 1.5072; (P) 1.5098; (R1) 1.5116; Further decline in EUR/CHF cannot be ruled out but after all, price actions from 1.5380 are treated as corrective in nature. Hence, downside should be contained above 1.5007 low and bring strong rebound. Nevertheless, break of 1.5231 resistance is...
US Treasury Yields in a Tug of War
From http://www.bloomberg.com today, June 9 “The Wall Street firms that trade directly with the Federal Reserve say speculators betting that...
GBP/USD Daily Forex Technical Outlook
Daily Pivots: (S1) 1.5775; (P) 1.5875; (R1) 1.5982 With 4 hours MACD crossed above signal line, an intraday low is in place in GBP/USD at 1.5769. Some consolidation could be seen but recovery should be limited by 1.6133 support turned resistance and bring fall resumption. Below 1.5769 will target...
Bearish trend for US dollar continues in forex trading today
The bearish trend for the US dollar shows no sign of abating, with the daily USD index chart plunging ever lower this morning. The problem for the US currency is that it is being pressured lower both from a technical and fundamental perspective. The FED policy of further quantitative easing is...