“The shape of the yield curve will now flatten,” Robin Griffiths from Cazenove Capital predicted Monday. He also suggests buying the Indian stock market, even though he sees it as “slightly overbought.” Watch Video MEDIA: VIDEO Permalink
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Currencies Consolidating Ahead of US Trade (Morning Slices) (Daily FX)
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Ausssie Regains Bid Tone Ahead of RBA (Opening Comment) (Daily FX)
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The RBA could hike rates as soon as Tuesday, says Claudio Piron, Asia FX strategist at JPMorgan. He tells CNBC’s Rebecca Meehan & Chloe Cho that the central bank is likely to hike rates by 25 bps to 3.25%. Watch Video MEDIA: VIDEO Permalink
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Overnight Interest Rate Update 10.05.09 (Daily FX)
The EURUSD had a volatile but indecisive market on Friday. The pair attempted to push lower, bottomed at 1.4479 but found support at trendline support (orange), bounced to the upside, topped at 1.4646 and closed at 1.4574.
EURJPY Forecast The EURJPY failed to continue it’s bearish momentum on Friday. On h4 chart below we can see that price slipped below 129.79, bottomed at 129.03 but whipsawed to the upside, closed at 130.86 and traded higher early today in Asian session around 131.37 area.
The US Dollar slumped as G7 finance ministers stayed silent on recent weakness in the greenback at a summit in Istanbul despite hints that this would be a talking point, but Japan?s Fujii threatened to intervene into the currency markets if currencies show “excessive moves”.
GBPUSD Forecast: The GBPUSD also had indecisive movement on Friday.
on Your First Move For Tuesday January 27th
