زوج اليورو/ دولار يرتفع إلى أعلى مستويات الجلسة، والتركيز يظل على يلين

أسس زوج يورو/دولار انتعاشًا جيدًا يوم الجمعة، وقفز الآن إلى قمة جديدة للجلسة، وعكس غالبية الخسائر التي سجلها الجلسة السابقة. فيما يتداول حاليا حول نطاق 1.0540-45، واصل الزوج تحرك انتعاشه من الدعم النفسي الهام جدًا للمؤشر 1.0500 وسط ارتداد متواضع في الدولار، مع انخفاض مؤشر الدولار الأمريكي دون مقبض 102.00. في غياب أي أنباء / تطورات […]

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Euro Extends Broad Gains, Hits Two-Week High of 120.85 Yen , After News France’s Centre-Right Udi Party to Withdraw Support

EURO EXTENDS BROAD GAINS, HITS TWO-WEEK HIGH OF 120.85 YEN , AFTER NEWS FRANCE’S CENTRE-RIGHT UDI PARTY TO WITHDRAW SUPPORT FOR FILLON
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Fxwirepro US Dollar Index Forms Bearish Cypher Pattern, Good to Sell on Rallies

  • Harmonic pattern formed – Bearish Cypher pattern
     
  • Potential Reversal Zone (PRZ)- 102.26
     
  • Major intraday support –100.60
     
  • U.S. Dollar index has jumped till 102.26 after breaking minor resistance 102.06.It is currently trading around 101.93.  
           
  • On the higher side, major resistance is around 102.30 and any break above will take the index till 102.95 (Jan 1st 2017 high).
     
  • The major intraday support is around 101.38 (200- H MA) and any break below targets 100.60/100/99.25 (23.6% fibo).
     
  • Short term bullish invalidation only below 98.    

It is good to sell on rallies around 101.95-102 with SL around 102.26 for the TP of 101.35/100.80

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Reserve Bank of Australia Policy Meet – Preview

The Reserve Bank of Australia (RBA) issues a policy decision on Tuesday, 7th March and no changes are expected in the policy with the cash target rate remaining at 1.5 percent. After a shocking -0.5 percent fall in Q3 gross domestic product (GDP), Australia's Q4 GDP rebounded a strong 1.1 percent q/q, beating forecasts for a 0.7 percent rise. Australia thus avoided the country’s first technical recession in more than two decades.

The RBA voted to keep monetary policy unchanged at the February meeting amid signs of improving inflation. The RBA noted that contraction in Q3 was due to “temporary factors,” such as disruptions to the coal supply and bad weather. Policymakers believe the economy is on course for a stronger recovery in 2017. However, cautious comments prevailed on the labor market. The RBA warned subdued growth in household income was likely to constrain consumption growth. 

On the positive side, Australia's consumer spending picked up strongly in Q4 with a rise of 0.9 percent. There was a relatively broad-based improvement. Analysts doubt though that this strength is sustainable given high levels of household debt and ongoing low wages growth. The nation's current account balance also improved sharply in Q4. Retail sales data due March 6th will be closely watched to see how household spending started the year, following robust private consumption in Q4. 

“There is little sign of this dynamic changing anytime soon, in our view. Thus, while we think the RBA is most likely on hold we see the prospects of a rate cut in the next 12 months as much greater than those of a rate hike,” ANZ Research commented in its latest research report.

The Australian bonds slumped on the last day of the week Friday as investors remain cautious ahead of RBA's monetary policy decision. Meanwhile, the ASX 200 index closed down 0.81 pct at 5,729.90 points. At 1200 GMT, the FxWirePro's Hourly AUD Strength Index remained slightly bearish at -60.61 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex.
 

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Czech Central Bank says Faster expected Growth in 2017 to Reflect Increase in fixed Investment, Government Investment Co-financed

CZECH CENTRAL BANK SAYS FASTER EXPECTED GROWTH IN 2017 TO REFLECT INCREASE IN FIXED INVESTMENT, GOVERNMENT INVESTMENT CO-FINANCED FROM EU FUNDS WILL RECOVER IN PARTICULAR
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Czech Central Bank says Household Consumption Remains Strongest and Most Stable Driver of Domestic Economic Growth

CZECH CENTRAL BANK SAYS HOUSEHOLD CONSUMPTION REMAINS STRONGEST AND MOST STABLE DRIVER OF DOMESTIC ECONOMIC GROWTH
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