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USD/JPY: Weak Confidence Weighs - BTMU Analysts at Bank of Tokyo Mitsubishi explained that recent market reactions have clearly revealed the uncertainty surrounding QQE with a negative interest rate. Key Quotes: "Next week, USD/JPY is likely to drop further...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 19:00
AUD/NZD: The Pair has Rebounded from the Level of 1.1260. What’s Next? Since the end of March the pair AUD/NZD has been declining. The pair again failed to break strong resistance level 1.1260 (ЕМА200 Fibonacci 38.2% to the last wave of decline since November 2011...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 18:59
AUD/NZD: Prior to the Meeting RBA on 3 May At the beginning of this week at the RBA left interest rate unchanged at the level of 2.0%. This level has been maintained since June 2015. However, the following up comments of the bank were aimed at lowering in the AUD...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 18:53
EUR/GBP: The Pair is Overbought The pair EUR/GBP failed continuing downward movement rebounding from strong resistance level of 0.7820 (ЕМА200 on the weekly chart and Fibonacci 50% to the last wave of decline from the highs of August 2013). The pair fell by 1800 points from the level of 0...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 18:51
EUR/JPY Remains Vulnerable Near 1-Month Lows EUR/JPY fell sharply on Thursday as the yen regained strength on safe-haven demand while the euro was underperforming across the board...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 18:46
USD/JPY: Intervention Unlikely, Unless… - ING According to James Smith Economist and Viraj Patel, Foreign Exchange Strategist at ING, intervention from the Finance Minister and the Bank of Japan is unlikely unless USD/JPY drops sharply to the 100 - 105 area...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 18:41
USD/JPY Unstoppable, Extends Decline to 107.65 The yen continues to rise across the board and hit a new 17-month high versus the US dollar. USD/JPY turned to the downside after the beginning of the American session and recently broke below previous lows. It bottomed at 107...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 18:39
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
Right now we are in the middle of nowhere unless Today’s high or Yesterday’s low is breached. If Yesterday’s low in not tested and today’s high is taken out, we should expect at least 1...
Wave Count
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AynGannRand, 7 April 2016, 14:53
US Initial Jobless Claims Drop More Than Expected Last Week The labor department data released today in the US showed the first time jobless applications fell more than expected last week, indicating the labor market continues to strengthen despite headwinds...
Wave Count
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Roberto Jacobs, 7 April 2016, 14:42
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