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CAD: Currency Index & Volatility Relative Currency Strength While remaining in a fairly narrow range, the observed indexes still managed to show some impressively sharp moves in the past five trading days...
Currency
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Roberto Jacobs, 2 June 2016, 09:53
USD Stays in the Defensive Despite Decent ISM On Wednesday, risk sentiment deteriorated in Europe. Mediocre Chinese data, a poor OECD outlook and rising Brexit tensions weighed on global sentiment...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 09:51
Gold Attempting a Move Back to 100-DMA Near $1220 Gold maintained its bid tone on Wednesday and is inching back towards 100-day SMA to currently trade near $1217 level market participants brace for a substantial increase in volatility heading into the ECB monetary policy decision on Thursday and...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 09:48 #gold
EUR/GBP Expected to Gain Further Traction – Danske Bank Jens Sorensen, Chief Analyst at Danske Bank, sees the European cross edging higher in the next weeks. Key Quotes “GBP suffered further yesterday and EUR/GBP rose to 0.7750 as Brexit concerns have reappeared in the financial markets”...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 09:41
ECB Preview: Time to Stay Put – Danske Bank Senior Analyst, Pernille Bomholdt Henneberg at Danske Bank, expects the ECB to maintain its patient stance at the meeting today and not send any new signals about more easing...
Currency
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Roberto Jacobs, 2 June 2016, 09:39
GBP/USD Clinches Highs Near 1.4450 The sterling met some buying pressure early in Europe today, lifting GBP/USD to the mid-1.4400s, or dailyhighs...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 09:37
FxWirePro: Possible 'Bearish Cypher' on NZD/USD Dailies New Zealand economy is looking solid and yesterday terms of trade saw a 4.4% rise, which is one of many “fundamentals”. RBNZ’s meeting next week (which will be accompanied by a full Monetary Policy Statement) is a major event risk...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 09:31 #nzdusd
EUR/USD: Struggle with 1.1200 Extends, ECB in Focus The offered tone surrounding the US dollar appears to weaken a bit ahead of the European open, keeping EUR/USD flat-lined around 1.12 handle. EUR/USD falls sharply from above 100-DMA Currently, EUR/USD trades modestly higher at 1...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 08:59
GBP/USD Support Seen at 1.4333/1.4261 – Commerzbank In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, Cable should remain well supported in the 1.4333/1.4261 area...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 08:57
USD/JPY Recovers to Trade Back Above 109.00 Level Yen continues to surge on risk aversion with the USD/JPY pair dipping below 109.00 handle before staging a minor recovery to currently trade around 109.30 level...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 08:54
USD/CAD Sidelined Below 1.31, OPEC Eyed The greenback is trading almost unchanged vs. its neighbour on Thursday, taking USD/CAD to the 1.3080 area ahead of the key OPEC meeting. USD/CAD focus on OPEC, EIA Spot is extending its consolidative pattern south of the 1...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 08:50
OPEC Meeting Preview: What to Expect of Oil? Oil benchmarks on both sides of Atlantic fluctuated between gains and losses this Thursday, unable to find a clear direction, as oil markets closely monitor developments surrounding today’s OPEC ministers meet in Vienna...
Crude Oil
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Roberto Jacobs, 2 June 2016, 08:35
AUD/USD Capped at 200-DMA, Drops Below 0.7250 on Global Risk-Off After failing to sustain its strength back above the very important 200-day SMA, the AUD/USD pair is trading weak below 0.7250 despite of better-than-expected trade-balance data...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 08:28
EUR/USD Offered Below 1.1216 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s stance remains offered while below 1.1216. Key Quotes “EUR/USD is starting to bounce from the critical 1.1102/1.1058 key support...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 08:24
Forex Analysis: EUR/USD, EUR/CHF, USD/CHF, GBP/USD, USD/JPY, EUR/GBP - Danske Bank EUR/USD Strength above the 1.1200 level extending recovery from the 200-day MA and target the lower highs at 1.1217 and 1.1243. Above the latter will see scope to 1.1283 then the 1.1300 level. Support now at the 1...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 08:20 #eurchf, usdchf
EUR/GBP Drops to Lows Near 0.7750, ECB Eyed Having peaked near 0.7775 region earlier today, the EUR/GBP cross eases slightly and consolidates in a narrow range ahead of the ECB decision. EUR/GBP holds above 20-DMA at 0.7733 Currently, the EUR/GBP pair trades -0.10% lower near session lows of 0...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 07:56
FxWirePro: AUD/CAD Finds Strong Support by 21-DMA at 0.9446, Weakness Only on Break Below AUD/CAD halts upside, slips lower from fresh 3-week highs at 0.9527 hit on Wednesday...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 07:51
EURGBP - We Look to Sell a Break of 0.7759 (stop at 0.7789) EURGBP - Continued upward momentum from 0.7572 resulted in the pair posting net daily gains yesterday. A 5 wave bullish count has been completed at 0.7774. Selling posted in Asia...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 07:44
ECB and OPEC Meetings in Focus Today European equity markets are expected to open slightly lower again on Thursday, as risk aversion continues ahead of today’s ECB press conference...
Market News
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Roberto Jacobs, 2 June 2016, 07:41 #ECB
CADJPY Elliottwave Analysis Suggests Pair has Turned Lower Short term Elliottwave structure suggests that the cycle from 5/6 low has ended with wave (X) at 85.5. Decline from there is taking the form of a zigzag...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 07:38 #CADJPY