Financial News

German Bunds turn near term bearish: BofA Merrill Lynch

Quotes from BofA Merrill Lynch:

- From the Jan-22 high at 53.0bps, Bund yields have completed an Ending Diagonal Triangle (this is a bearish reversal pattern) from 7m channel resistance at 25.4bps.

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EUR/USD set to squeeze higher: BofA Merrill Lynch

Quotes from BofA Merrill Lynch:

- EUR/USD has broken out from its week long contracting range. While gains remain ultimately corrective, evidence says that this move higher has further to run.

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Expecting no surprises from BoE MPC this week: BofA Merrill Lynch

Quotes from BofA Merrill Lynch:

- Thursday's Bank of England meeting result is most unlikely to be of any interest to markets. The BoE's rate decision is unlikely to have an impact on GBP with no change and no statement likely.

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RBA will likely keep policy rates on hold for all of 2015: BofA Merrill Lynch

Quotes from BofA Merrill Lynch:

- We continue to expect the RBA will keep policy rates on hold for all of 2015. Our forecast is retained as a small but increasing number of market economists look for a short-term easing of monetary policy.

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Denmarks Nationalbank still has ample room to manoeuvre to keep the peg fixed: Danske Bank Markets

Quotes from Danske Bank Markets:

- In Jan, Denmarks Nationalbank made FX intervention purchases for DKK106.3bn in response to appreciation pressure. The FX reserves are now at DKK564.1bn which corresponds to 29.6% of GDP.

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