Danske Bank about euro all this has gone too

Danske Bank about the euro: all this has gone too far, get ready for ECB intervention

Arne Rasmussen, head of market research at Danske Bank, expects the euro will test the 1.20 level in the short term. «EUR / USD showed an impressive 10% race in April, as the market had overestimated the ability to implement Trump promised tax cuts through Congress (negative for the dollar), and the ECB moved to tougher rhetoric when it Draghi in Sintra June 27 provoked considerable sell European bonds (positive for the euro). We will see 1.20, 1.17 and only then, but we should see an increase in the next 1-2 weeks. If not, then at the end of August, that is, until the September meeting of the ECB. This probability may disappear by Jackson Hall.

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BP and Shell plan to drill six new exploration

BP and Shell plan to drill six new exploration wells in the North Sea

The Anglo-Dutch Royal Dutch Shell and British BP curled about plans to drill six new wells in the North Sea shelf, Reuters reported with reference to the heads of companies.

Two major oil companies said they still see their future with oil and gas basins of the North Sea, despite the fact that in the last part of the closed platforms offshore. According to the company, which leads the agency, the area of ​​the North Sea today offers great opportunities, because thanks to new technologies of oil production "black gold" can be profitable even if the market price of $ 50 per barrel, and in some cases below.

"We like the North Sea. It has long been an important center for us, and will remain one of them in the future", – said the executive director of BP Bob Dadli (Bob Dudley). "This year, we will drill six exploratory wells in the British North Sea. This is more than we drilled for several decades"- said Dudley.

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A new oil field in Belarus proved to be too small

A new oil field in Belarus proved to be too small countries will continue to depend on Russia

“Belorusneft” oil field discovered in the territory of the country within the intermediate block regional RECHITSA-Vishanskogo Pripyat Trough fault and called the name of Uholka. There, at a depth of 5218 meters is kept, stored 1,695 million tons of oil. The company notes that the mine is in a remote place, so long a day is pumped there is only 39.5 tons of “black gold”. How this will affect the future of the Belarusian energy, “MK” learned from the experts.

Photo: Gennady Cherkasov

Sergei Pikin, director of the Energy Development Fund: “This is a very small field. Even if Belarus starts to get out of oil, it will be enough only for internal use and is not for everyone and not for long. Minsk both bought and will buy Russian oil and gas discovery will not affect the situation “

Sergey Suverov, head of analytical department of the Criminal Code of “BK-Savings”: “Despite the fact that the field is small, it is unlikely Belarusians will be able to extract this oil alone. Most likely, they will need Russia’s help, that can only lead to the strengthening of our cooperation in this sphere “

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Analyst from company ForexMart

Analyst from the company ForexMart (ForeksMart)

AUD / USD. 24.01.

Aussie is trading at highs

The currency pair AUD / USD update the local maxima of the last 2 months. Ozzy is gradually returning to a position he held until the US presidential elections. The pair is in overbought territory, which is a bit difficult to continue the upward movement in the case of formation of bearish signals can be to look at the field of 0.7560-07590 sales. On the other hand, we are now seeing movement in an upward trend, which is not yet completed and may aspire to 0.7650 in the near future.

Analyst from company ForexMart

USD / CAD. 24.01.

Pressure on the CAD is stored

Joining Donald Trump for US president caused a weakening of the US dollar against many of the world competition, including against the Canadian dollar. USD / CAD pair is under pressure. She returned to the ascending channel, but traded near its lower limit. Hence it can rebound and try to increase to 1.34. The RSI is also indicative of the growth of quotations of the trading instrument, showing a tight test rising trendline. Support levels are at levels 1.3200, 1.3165 and 1.3115. Resistance levels: 1.3335, 1.3385.

Analyst from company ForexMart

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Lavrov proposes to make persona non grata members

Lavrov proposes to make a persona non grata members of the embassy and the US Consulate General

The head of the Russian Foreign Ministry suggested that a balanced response to the diplomacy of the United States sanctions.

According to RT, Sergey Lavrov, addressed to President Vladimir Putin with a proposal to declare the 35 employees of the American Embassy in Moscow and the Consulate General in St. Petersburg persona non grata, as the White House decided to send the United States 35 Russian diplomats as a sanction for a cyber attack, allegedly carried out hackers of the Russian Federation in order to discredit the presidential elections in the United States. Obama called these employees of the Russian embassy intelligence staff.

However, the spokesman of the Russian diplomatic department Maria Zakharova in his Facebook gave a rebuttal to disseminate information about the closure of CNN Anglo-American school, which, in particular, visited the children of diplomatic personnel from Canada, the United States and Britain.

Source: kursktv.ru.

“Problems like – get a double. If answer is so that the lesson was learned for the future “, – says Aha.

“Fools, it was necessary to offer these 35 diplomats Russian citizens”, – the island dd0s_attack.

“Do not even respond, Obama will break with anger! And so he did, and waiting, why play by his rules … “- offers Black Dembel.

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Pound does not receive support from upbeat economic

Pound does not receive support from upbeat economic data

Investors ignore signs of strengthening UK economy, while political risks associated with the release of the country from the European Union, dominated in the forecasts about the pound.

The pound showed little reaction on Thursday immediately after the country’s service sector index exceeded the average forecast of economists in December, rising at the fastest pace in more than a year. Muted reaction underscored the contrast in comparison with the data after the June referendum on Brexit, when even with the estimates were enough reports to cause a greater reaction.

At that time, both appointed in March by Prime Minister Terezoy Mey deadline on a formal British exit from the EU launch fast approaching, better than expected performance of the economy have been ignored. At the same time there have been significant fluctuations in the currency, despite the relatively small changes in the way the country out of the EU. The pound has fallen by 17% after the decision to withdraw from the EU, and fell to $ 1.22 on Tuesday, which is the lowest level since October 31.

“Politics is superior to the economic data, – said Steven Barrow, currency strategist at Standard Bank in London. – We tend to think that the pound will go further when any restrictions associated with Brexit, and I believe that it will remain in that position for some time. Many are skeptical about the current strength of the economy. “

The pound rose to 0.09% for 30 minutes after the publication of the report on Thursday, which showed that business activity index for the services sector from Markit rose to 56.2 in December, well above the 54.7 projected by economists.

Now the pound sterling against the US dollar at $ 1.2332.

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Currency market ruble will benefit from dollar

Currency market. The ruble will benefit from dollar

The ruble yesterday rolled away to
2-day low of 60.03, strengthened its position at the expense of the US dollar weakness.
Even while continuing decline in oil has not stopped the Russian currency from
strengthening.

Currency market ruble will benefit from dollar

So, the whole point of market expectations for performance
labor. Yesterday published data on business activity in the US service sector,
and it turned out that the employment index slipped dramatically down from 55.8 to 53.6. costs
recalled that it was in the service sector operates most of the employees (about
70%), so this indicator is often used as a good forecast
index. Continued on site GK FOREX CLUB

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