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EUR/USD Back to Square One EUR/USD found support at the 200-hour SMA and managed to trim some of its intraday losses and is back headed toward the 1.1400 area. EUR/USD slipped from a fresh 2016 high of 1.1453 to a daily low of 1...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 18:37
EUR/USD: Dollar to Remain on the Defensive - BTMU Analysts from The Bank of Tokyo-Mitsubishi UFJ, point out that the near-term bias in EUR/USD is bullish and expect it to trade between 1.1200 and 1.1500 during the week ahead...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 18:32
AUD/USD: Technical Condition of AUD Deteriorating - BBH Analysts from Brown Brother Harriman, explain that the AUD/USD could have topped and consider that the technical outlook favors the downside...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 18:30
Since reaching a low of about $26 in mid-February, oil prices (WTI) have rebounded sharply to more than $41 by the second half of March. This was the result of a reduction in short positions in oil and of expectations of an accord between oil producers to freeze output...
Analytics & Forecasts
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Vasilii Apostolidi, 7 April 2016, 18:12 #forex
The front end of the US yield curve is pretty much exactly where it was yesterday morning, irrespective of the FOMC Minutes and any press comment. Oil prices are slightly higher, 10yr Treasury yields are flat overnight but up from this time yesterday...
Analytics & Forecasts
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Vasilii Apostolidi, 7 April 2016, 16:36 #forex
The Federal Reserve’s last meeting minutes were released on Wednesday. The key takeaway point from the minutes was this: a lack of harmony among the FOMC policymakers. Since the Fed’s last meeting, several members have spoken, delivering mostly dovish remarks...
Analytics & Forecasts
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Francis Dogbe, 7 April 2016, 16:33
From stocks to developing-nation currencies, riskier assets around the world have been flashing the all-clear signal for over a month. But for investors in the world’s safest securities, nothing has changed, and that may spell trouble...
Analytics & Forecasts
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Francis Dogbe, 7 April 2016, 16:26
According to yesterday’s FOMC several participants argued for proceeding cautiously in reducing monetary policy accommodation "because they saw the risks to the U.S...
Analytics & Forecasts
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Vasilii Apostolidi, 7 April 2016, 15:41 #forex
The pound to euro exchange rate could fall back to levels last seen in 2011 over the course of coming months warns a leading international payments provider...
Analytics & Forecasts
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Vasilii Apostolidi, 7 April 2016, 15:23 #forex
EUR/USD Hovers Below 1.1400 After US Jobless Claims Data EUR/USD remained steady below 1.1400 after the release of US initial jobless claims data which fell by 9K in the week ended Apr 1. EUR/USD had pulled back from fresh 2016 highs and is back below the 1...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 14:36
Cautiousness Prevails Around GBP/USD – Scotiabank Chief FX Strategist at Scotiabank Shaun Osborne remains cautious on the outlook for Cable...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 14:33
NZD/USD Consolidating Near-Term – UOB According to analysts at UOB Group, the Kiwi dollar remains in a consolidative phase vs. the US dollar in the short term. Key Quotes “We just turned neutral yesterday and there is no change to the view”...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 14:31 #nzdusd
EUR/GBP: Strong Upward Impetus Yesterday’s news triggered the decline in the USD in the market. Following the information released by US EIA at 16:30 (GMT+2) which showed that US oil reserves last week fell by 4.937 million barrels against the rise of 2...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 14:29
Fed Hike Probabilities Review After FOMC Minutes After last night’s FOMC minutes, which showed many policymakers were issuing warnings on appreciable global developments, which pose economic risks to United States...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 14:26
USD/CAD: Breaking Above a Descending Trend – SocGen Research Team at Societe Generale, notes that after reintegrating within a multiyear upward channel USD/CAD achieved key level of 1.2850, graphical levels consisting of last March highs and October lows...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 14:21
US: Chaos in Cleveland? – Westpac Sean Callow, Research Analyst at Westpac, suggests that the markets also need to contend with summer political event risk from the US presidential campaign...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 14:18
USD/JPY Looking to Regain 108.50 The upside momentum around the Japanese currency now seems to be taking a breather, with USD/JPY hovering over the mid-108.00s. USD/JPY supported at 108.00… for now The pair has accelerated its downside to levels last seen in October 2014 around the 108...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 14:08
The euro is likely to stay ahead of the FX pack in the short-term as a variety of factors play in its favour, according to research by French lender BNP Paribas...
Analytics & Forecasts
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Vasilii Apostolidi, 7 April 2016, 14:04 #forex
We are seeing some hesitation In the important zone of 1.41195. We are currently long in a very favorable price, however if GBPUSD is to reach higher: Keep an eye on 1.41195 Should be breached aggressively if our other targets are to be hit Adjust Stop Loss= 1...
Analytics & Forecasts
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AynGannRand, 7 April 2016, 13:45
Gold Analysis for April 07, 2016 Since our previous analysis, gold has been moving upwards. As i expected, the price tested the level of $1,239.39 in a high volume. I found strong upward pressure today and my advice is to watch for buying opportunities...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 13:43 #gold