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GBP/USD 1.4770 Still on the Cards – Commerzbank In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, there is still room for a visit to the 1.4770 area. Key Quotes “GBP/USD remains capable of challenging 1...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 10:12
USD: Forward Guidance One Key Difference for Markets This Time – MUFG Derek Halpenny, European Head of GMR at MUFG, notes that the US dollar is broadly stable today after weakening modestly yesterday as financial market conditions continue to provide justification for the Fed to take action eithe...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 10:09
NZD/USD Holds Near-Term Range, Dips to 0.6725 100-DMA Support The NZD/USD pair was once again rejected from 0.6760-70 immediate resistance zone and has now turned negative to currently trade at session low, near 100-day SMA region...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 10:07 #nzdusd
EUR/CHF Unmotivated Near 1.1070 EUR/CHF is alternating gains with losses at the end of the week, hovering over the 1.1070 area following Swiss data. EUR/CHF upside limited at 1.1130 The cross met downside pressure following last week’s tops in the 1...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 10:04 #eurchf
EUR/USD: Free Ride From the ECB – Commerzbank Dr Jörg Krämer, Chief Economist at Commerzbank, suggests that the normalisation of US monetary policy will be a painfully slow process and such a process will not turn USD-positive...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 10:03
EUR/USD: Following Cautious USD Gains – ANZ Research Team at ANZ, suggests that expectations of US interest rate rises have jumped in recent weeks, pushing EUR/USD back towards the middle of this year’s range...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 10:00
USD: Fed Has Not Created Ructions Yet – ANZ Daniel Been, Senior FX Strategist at ANZ, suggests that one of the drivers of the more stable reaction to a stronger USD has been the Fed...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 09:58
EUR/USD Rejected Once Again at 1.1200, Drops to 1.1180 EUR/USD reached 1.12 handle in the last hour, although failed once again at the last and drifted lower, dropping further below 100-DMA. EUR/USD making higher highs on intraday charts Currently, EUR/USD trades -0...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 09:56
In this survey, we investigated general opinions of amateur and professional traders on algorithmic trading and his role in today’s and future markets...
Trading Systems
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Algofxsolution, 27 May 2016, 09:01
EUR/JPY Off-Lows, but Remains Below 123 Handle The EUR/JPY cross is seen trading quite choppy so far this session, swinging between gains and losses amid a lack of fresh fundamental drivers until the NA session...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 08:53
USD/CHF Continues to Struggle Below 0.9900 Level Despite of Thursday's recovery from 0.9872 led by Fed Governor Jerome Powell's hawkish comments, the USD/CHF pair continued with its struggle below 0.9900 handle. The pair on Thursday broke through 0...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 08:50 #usdchf
EUR/USD Rallies Expected to Struggle at 1.1280/1.1332 – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees bullish attempts in the pair losing momentum in the 1.1280/1.1332 band. Key Quotes “EUR/USD continues to recover just ahead of the 1...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 08:47
Dollar Retreats Broadly on Profit-Taking: May 27, 2016 Market Review - 26/05/2016 22:06GMT Dollar retreats broadly on profit-taking The greenback pushed lower against the other major currencies on Thursday, as market participants continued to lock-in profits from the dollar's recent rally, althou...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 08:43
USD/JPY Fails Once Again at 110, Drops Sharply to 109.70 The USD/JPY pair failed several attempts to regain 110 handle over the past few hours, and finally broke to the downside in early Europe, as risk-off sentiment returned to markets amid tumbling oil prices...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 08:39
USD/CAD Upside Capped by 1.30 So Far USD/CAD is posting marginal gains at the end of the week, with gains so far limited around the critical 1.3000 barrier...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 08:37
EUR/GBP is Undergoing a Retracement - SocGen Research Team at Societe Generale, notes that the EUR/GBP faced resistance at the multiyear descending channel limit near 0.81/0.8150 and has been undergoing a retracement...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 08:34
AUD/USD Attempting to Build On to its Move above 0.7200 Handle The AUD/USD pair is attempting to build on to its Thursday's minor rebound back above 0.7200 handle to currently trade with marginal gains at 0.7230, still within Thursday's range...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 08:32
EUR/GBP in a Tight Range Near 0.7630 The bounce off recent lows in the mid-0.7500s has found strong resistance in the low-0.7600s so far, leaving EUR/GBP slightly in red around 0.7630...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 08:29
Oil Extends Retreat Ahead of US Rigs Data Eyed Oil benchmarks on both sides of Atlantic extend the retreat from seven-month peaks and now looks to breach $ 49 mark, as the bulls take a breather ahead of the US rigs count and GDP data...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 08:25
Guide to Today's Important Data and Events Not many economic dockets scheduled for today, focus is on GDP number from U.S. Upcoming – France – Consumer confidence in May will be released at 6:45 GMT. Spain – Retail sales for April will be released at 7:00 GMT. Prior 4.4%, expected 3.9...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 08:23