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Flash: EUR standing up well to the dollar – Commerzbank

FXstreet.com (London) - Research teams note that compared with other G10 currencies the euro has stood up quite well during the recent USD rally.

The bank has explained that hardly anyone expects the ECB to actually implement its threat of negative deposit rates. Although mention that of course there is freedom of thought and ECB internal considerations about negative deposit rates do not pose any risk. The same does not apply for comments and even less so comments on the part of central bank officials.

Adding, the ECB’s rhetoric following the last rate cut has manoeuvred it into a corner from it will have trouble escaping. What happens if the economic indicators in the euro zone disappoint? How would the ECB then justify not implementing its threat of negative deposit rates?

Flash: The time may soon come for the Fed to taper back QE - DBS Group

DBS Group analysts feel that the time may come soon for the Fed to taper back QE.
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Commodities Brief – Gold nestled below 1400, silver gathers steam for breakout

The price of gold continues to trade within the handle of the inverted cup, which has thus far failed to break the support of the handle during European trading Wednesday. An ultimate break below the ascending support of the handle may signal a continuation of the overall bearish wave, targeting initially the latest major low at 1321.00. Conversely, a clear break above 1400.00 is required to negate the short-term bearish outlook and target 1445.00-1450.00. At the time of writing, the yellow metal has settled at USD $1385.82 per oz.
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