Market Analysis

04/26/2011 - 12:07
According to the data released today, Switzerland’s trade surplus narrowed from 2.38 billion in February to 1.09 billion in March. Analysts at Credit Suisse claim that though last month the nation’s exports weakened, demand for Swiss goods is still high. The matter is that the country’s exporters were forced to reduce prices because stronger national currency made their products less competitive. If franc keeps appreciating, this will certainly affect Switzerland’s export sector. As a result,...
04/26/2011 - 11:27
ECB President Jean-Claude Trichet said in an interview to the Finnish press that it’s necessary to act counter any increase in inflation expectations. The policymaker warned that there’s the risk of second-round effects. In other words, rising consumer prices may start triggering bigger wage growth that, in its turn, will accelerate inflation. According to Trichet, in the current situation of high uncertainty at the markets, monetary authorities make all the efforts to constrain inflation...
04/26/2011 - 11:22
Technical analysts at Commerzbank note that the single currency has advanced last week versus the greenback overcoming the key resistance of the 1995 maximum in the 1.4535 area. In their view, the medium-term outlook for euro has become positive. The specialists think that the pair EUR/USD is now poised up to 1.5145/50. According to the bank, support levels for the pair are situated at 1.4535/00, 1.4445 and 1.4370. Chart. Daily EUR/USD
04/26/2011 - 10:25
Australian dollar eased down versus its US counterpart from the 29-year maximum at $1.0775 reached yesterday. The currency was affected by the fall in commodity prices. It’s also necessary to note that the trading volumes are very low as Australia’s markets are closed for a holiday. Support for the pair AUD/USD is situated at $1.0677, while resistance levels are found at $1.0775 and $1.0800. Important data for Aussie is first quarter inflation rate due on Wednesday. According to economists’...
04/26/2011 - 09:57
Analysts at HSBC note that the New Zealand’s dollar is trapped in the 0.7970/0.8040 area versus the greenback. The specialists underline that investors are waiting for the results of the 2-day FOMC meeting due to be announced tomorrow. It’s also necessary to watch the Reserve Bank of New Zealand’s rate decision on Thursday. Official Cash Rate is currently at 2.50%. According to the consensus forecast, the central bank will start raising rates at the beginning of 2012. On Monday the pair NZD/USD...
04/26/2011 - 09:13
Strategists at Commerzbank think that the ECB will lift up the rates 2 times more – in September and in December. In addition, by the middle of the year the European policymakers may also change the allotment modes that may also be regarded as a tightening move. The specialists think that the peripheral nations won’t be affected much by the rate increase, at least in the long term. According to the bank, looking at Portuguese or Spanish sovereign 5- or 10-year bond yields it’s possible to see...
04/26/2011 - 08:51
Former Bundesbank President Hans Tietmeyer says that European Commission should have determined the criteria of joining the euro area more strictly. In his view, the currency union now faces the consequences of its development during the last 10 years. Tietmeyer claims that Greece has a chance to get out of the crisis without restructuring. In his view, that depends on how competent the actions of the country’s policymakers will be. The indebted countries have to address their problems and take...
04/25/2011 - 19:08
周三,4月27日将会举行美联储历史上首次新闻发布会。美国的中央银行行长不只按照惯例做报告,对联邦公开市场委员会的决策做出总结评论(联邦公开市场委员会,联邦公开市场委员会),并且将要针对记者们提出的问题做出回答。 在投资者感兴趣的主要问题中,毫无疑问将会提到,美国货币当局近期价格上涨的问题是不是暂时的,而且,是否在六月完成第二轮联邦储备量化宽松计划。如果伯南克的暗示,央行担忧目前的通胀水平,将被看作是一个在美国利率将提前升高的信号。 记得,在美国的年通货膨胀率从二月的2.1%上升至三月的2.7%,而分析师预期上升只到2,6%。 Daiwa Capital Markets市场分析师预计,伯南克将会说,美国经济还没有达到既定与通货膨胀和就业相符的目标,所以货币当局的做法是美联储将继续以非常宽松的水平。最可能的是,美联储将了解市场,央行在担忧种政策的风险,密切监察有关情况,并准备必要时迅速作出反应。 RBS Securities分析师要观察高风险资产价格的变化。从他们的角度来看,股票和商品期货将会在美联储的爱好和平的评论后上升。与此同时,如果央行暗示将从战略刺激经济中离开,...

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