– Gold’s bullish momentum faded ahead of key resistance at 1253. The metal is pushing slightly higher. Hourly supports lies at 1211 (26/02/2016 low). Daily resistance can be found at 1263 (11/02/2016 high).
– In the long-term, the technical structure suggests that there is a growing upside momentum. A break of 1392 (17/03/2014) is necessary ton confirm it, A major support can be found at 1045 (05/02/2010 low).
Money markets will be focused not only on the ECB’s decision in March on the depo rate but also on any suggestion of further actions later in the year, given the current expectation of a cumulative 25-30bp cuts by year-end.
"Prices are likely to remain range-bound until fundamentals tighten in H2 16, but market
participants should be watching the rate of US stockbuilds for evidence that the market
is rebalancing."
In recent months, many politicians and policymakers have grown more aggressively vocal in their call to break up large and systemically important U.S. banks as a further measure toward preventing […]
European banks could be at this moment an investment opportunity. But only in a tactical view, or in other words as a short-term investment. It’s the opinion of Credit Suisse. Here the reasons and the stocks to call.
"Volatility in the financial markets is hitting the European banking sector hard, adding to the downside risks to the eurozone’s economic outlook", Standard & Poor’s said in a report published today
For certain bonds the yields are currently very generous and the current price setback may be an attractive entrance point.
Report from Yann Quelenn, Market Strategist SwissQuote
