EUR/USD constructive near term – UOB

The research team at UOB Group expects the pair to remain bid in the next weeks.

Key Quotes

“While the longer-term outlook for EUR is rather bullish, the recent run-up is showing signs of slowing down and long should consider taking partial profit near 1.1400”.

“The next significant resistance is further away at 1.1495. Stop-loss is adjusted higher to 1.1150”.

Feb 11, 2016

Riksbank in risk management mode - TDS

Research Team at TDS, notes that the Riksbank returned to risk management, cutting the Repo Rate 15bps to -0.50%, suggesting they may be looking at things like a tiered interest rate scheme to allow rates to go more negative if needed, and also reaffirmed the readiness to intervene in the krona market if the currency appreciates too quickly.

Interest rates can go even more negative – IMF’s Vinal

José Viñals, Financial Counsellor and Director of the IMF’s Monetary and Capital Markets Department, was on the wires stating the interest rates across the globe can go even more negative.