South Africa’s Central Bank Will stick to Setting Benchmark Lending Rates Rather Than Intervene in the Exchange Markets -Deputy

SOUTH AFRICA’S CENTRAL BANK WILL STICK TO SETTING BENCHMARK LENDING RATES RATHER THAN INTERVENE IN THE EXCHANGE MARKETS -DEPUTY GOVERNORThe material has been provided by InstaForex Company – www.instaforex.com

The post South Africa’s Central Bank Will stick to Setting Benchmark Lending Rates Rather Than Intervene in the Exchange Markets -Deputy appeared first on forexnewstoday.net.

Fxwirepro: Eur/usd Pauses Decline, Downside Risk Remains

  • The EUR /USD pair declined on Monday as the single currency was pressured by nervousness over the upcoming French presidential election as investors took stock of polls showing a tightening race.
     
  • Investors are closely following the campaign as one candidate far-right leader Marine Le Pen has promised a referendum on France’s membership of the European Union if she wins, fuelling concerns of an unravelling of the bloc after Britain’s vote to leave last year.
     
  • Polls have for weeks shown Le Pen and centrist Emmanuel Macron on track to top the first round of voting on April 23 and go through to the May 7 run-off. However, two less fancied candidates, Francois Fillon and Jean-Luc Melenchon held mass rallies on Sunday, making it an increasingly tight race.
     
  • The ongoing weakness is set to continue for this pair as the resistance level at 1.0664 is likely to act as strong barrier to the bulls and bring a further decline towards lower levels.
     
  • To the upside, the immediate resistance can be seen at 1.0613, a break above this level would expose the pair to next resistance level at 1.0664.
     
  • To the downside, immediate support can be seen at 1.0561, a break below at this level will open the door towards next level at 1.0500.

    Resistance Levels

    R1:  1.0613 (50% Retracement level)       

    R2: 1.0664 (61.8% Retracement level)    

    R3: 1.0700 (Psychological level)

    Support Levels

    S1: 1.0561 (38.2% Retracement level)                    

    S2: 1.0500 (23.6% Retracement level)

    S3: 1.0449 (Jan 11th low)

The material has been provided by InstaForex Company – www.instaforex.com

The post Fxwirepro: Eur/usd Pauses Decline, Downside Risk Remains appeared first on forexnewstoday.net.

Inflation to Moderate After Several Months of Steep rise in Many Cee Countries, says Erste Group

While inflation sharply picked up the pace in 2017 towards the current 1.4 percent y/y (vs. 0.2 percent y/y from YE16), room is still seen for a few notches stronger figure in the coming months, though the headline figure is expected to move in a rathe…

The post Inflation to Moderate After Several Months of Steep rise in Many Cee Countries, says Erste Group appeared first on forexnewstoday.net.