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Following the decision to keep rates on hold last night in the US, the Dollar slipped back, helping push the price of gold higher. Trading just below the $1,140 level, we now wait to see if the price will push past the recent highs as we appear to be trading in a range of late. [...]

A big day for oil as we have a raft of data that may affect future movements. Looking at the wider economic environment, today’s PPI numbers will give us a clearer idea of the health of the US economy, and looking towards the oil markets per se, we have the weekly oil inventories, plus the [...]

Whilst US interest rates being unchanged was no surprise, traders will note that the FOMC’s decision to maintain their stance that rates would remain ‘exceptionally low’ for an ‘extended period’ surprised the markets. The US Dollar now trades below the 80 level against a basket of its major rivals. The minutes from the last Bank [...]

The USD has come under heavy selling pressure across the board, as anxiety surrounding Greece temporarily decreased and latest FOMC policy decision was widely viewed less hawkish than the market was expecting. After two days in Brussels, the main points to come out was from EU’s Rehn, who stated that the Eurogroup had sketch out [...]

BoJ Increase QE China asks US groups to back currency stance – FT. US Treasury Securitary Geithner stated that China should decide that a move to more flexible exchange rate is in its own best interest. The BoJ leaves target rate at 0.10% and increases QE to Y20 trln as predicted by Nikkei. The vote [...]

EUR-USD Surges As Rating Agencies Turn Less Negative On Greece Ratings agency S&P affirmed Greece’s BBB+/A-2 rating, but removed it from negative credit watch. Eurozone Inflation (Feb) was exactly in line with expectations at 0.3% m/m, 0.9% y/y (-0.8%/1.0% prior). Germany’s ZEW Economic Sentiment Index (Mar) slightly better than forecast at 44.5 (43.5 expected, 45.1 [...]