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AUD/USD Bulls Not Done Despite Jobs Miss AUD/USD has been a mixed show on the back of the jobs data and a big miss on the headline again. However, the bulls were not phased right away and bids came in that have been met by cautious offers given the dovish FOMC vibes lingering around markets...
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Roberto Jacobs, 17 March 2016, 04:22
EUR/USD Drops Further Near 1.1070 The selling pressure is now growing bigger around the common currency, with EUR/USD visiting the area of 1.1080/70 or session lows...
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Roberto Jacobs, 16 March 2016, 10:41
NZD/USD Neutral Near-Term – UOB The research team at UOB Group expects the neutral bias on the pair to remain in the next 1-3 weeks. Key Quotes “The overnight movement is line with our expectation wherein we expect the current pull-back in NZD to extend lower to 0.6545”...
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Roberto Jacobs, 16 March 2016, 10:29 #nzdusd
AUD/USD Could Test the 0.7760 Area – Commerzbank In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the Aussie dollar could see its upside renewed and attempt a test of 0.7760. Key Quotes “AUD/USD continues to ease lower very near term from the recent...
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Roberto Jacobs, 16 March 2016, 10:24
USD/CAD Printing Highs Near 1.3400 Ahead of FOMC The greenback is extending the positive note vs. its Canadian neighbour on Wednesday, now pushing USD/CAD to the area of 1.3480/85. USD/CAD firmer ahead of US data Spot is extending its rebound from recent lows in sub-1...
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Roberto Jacobs, 16 March 2016, 10:18
FOMC Statement and Economic Projections will be released today at 6:00pm GMT followed by Press Conference at 6:30pm GMT. These events will likely see volatility and widening of spreads in the seconds before release. We advise against holding USD positions unless they are already at break-even...
Currency
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Sherif Hasan, 16 March 2016, 08:51
GBP/USD Weaker, Breaks Below 1.4100 The British pound keeps losing altitude on Wednesday, now sending GBP/USD back below the 1.4100 critical support...
Currency
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Roberto Jacobs, 16 March 2016, 08:39
USD/JPY Challenges Highs Near 113.70, FOMC on Sight The Japanese currency is giving away part of the recent gains vs. its American counterpart, lifting USD/JPY to the upper bound of the range near 113.70...
Currency
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Roberto Jacobs, 16 March 2016, 08:37
FXWIREPRO: EUR/JPY Struggles to Extend Gains Above 126 Handle EUR/JPY is seeing a small recovery after 2 consecutive sessions of losses, but upside in the pair capped at 126 handle...
Currency
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Roberto Jacobs, 16 March 2016, 08:29
Major and Commodity Currency Pairs Correlation 1 JAN 2015 – 15 FEB 2016 PDF format includes graphical representation and composite comparison, as attached...
Currency
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M Mutta, 16 March 2016, 08:03
Pound Drops Against Most Majors The British pound weakened against most major currencies in the Asian session on Wednesday. The pound fell to a 6-day low of 1.4124 against the U.S. dollar, from yesterday's closing value of 1.4149. Against the euro and the Swiss franc, the pound edged down to 0...
Currency
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Roberto Jacobs, 16 March 2016, 06:55
USDCAD: Rally continues - Scotiabank Research Team at Scotiabank, notes that the USDCAD continues to rally from Friday’s fresh multi-month low, testing near term resistance around 1.3400 at the upper bound of the descending wedge formation off the January highs...
Currency
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Roberto Jacobs, 16 March 2016, 06:48
Yen Falls Against Majors The Japanese yen weakened against the other major currencies in the Asian session on Wednesday. The yen fell to 126.01 against the euro, 160.45 against the pound and 114.96 against the Swiss franc, from yesterday's closing quotes of 125.68, 160.07 and 114.54, respectively...
Currency
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Roberto Jacobs, 16 March 2016, 06:24
BoE Interest Rate Expectations – Lloyds Bank Gajan Mahadevan, Research Analyst at Lloyds Bank, suggests that the changes in UK rate expectations have been a key factor in the decline in GBP/USD...
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Roberto Jacobs, 16 March 2016, 06:18 #Interest Rate
Australian Dollar Drops Against Most Majors The Australian dollar weakened against most major currencies in the Asian session on Wednesday. The Australian dollar fell to a 6-day low of 0.7439 against the U.S. dollar, from yesterday's closing value of 0.7456...
Currency
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Roberto Jacobs, 16 March 2016, 06:12
EUR/JPY Rejected off 126.00 Resistance EUR/JPY saw heavy demand in early Tokyo, sending the pair straight into the 126.00 resistance level - prior triple bottom -, from where offers have managed to cap further upside, allowing a mild correction lower towards 125.80, current price...
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Roberto Jacobs, 16 March 2016, 06:06
The Bank of Japan, last night decided to leave their current stimulus plan unchanged, in addition to the current benchmark rate at -0.10%. The members votes 8-1 to keep the current stimulus package at ¥80 trillion. The members also voted 7-2 to keep the benchmark rate unchanged...
Currency
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Daniel Bancans, 15 March 2016, 12:04 #Nikkei, forex
AUD/USD Slumps to Lows Near 0.7460 The Aussie dollar is now depreciating further, dragging AUD/USD to visit fresh lows in the 0.7460 area...
Currency
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Roberto Jacobs, 15 March 2016, 09:53
GBP/USD Trades Below 50-DMA British Pound extended its depreciating trend in Asia, taking the GBP/USD pair well below its 50-DMA located at 1.4303 levels. Eyes 50% Fibo The pair is now trading within a striking distance from 1.4252 (50% of 1.4668-1.3835...
Currency
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Roberto Jacobs, 15 March 2016, 08:18
EUR/USD Wobbles Around 1.1100, US Data Eyed The single currency is alternating gains with losses vs. the greenback on Tuesday, taking EUR/USD to the area around 1.1100 the figure. EUR/USD supported near 1...
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Roberto Jacobs, 15 March 2016, 08:16