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USD/CAD Finds Support Near 1.3100 After a brief knee-jerk to the 1.3100 handle, USD/CAD has rebounded to the current 1.3110/20 area ahead of the opening bell in the Old Continent. USD/CAD eyes on oil, Fedspeak Spot is meandering the area of recent multi-week tops above 1...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 08:48
In our last article here, we discussed the potential move that USDJPY needed to make towards new highs, especially a jump over 110 by targeting more than 110.40. Also, USDJPY broke above the bearish upper-bound that we were expecting to see in order to confirm this bullish rally off the lows...
Analytics & Forecasts
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AynGannRand, 23 May 2016, 08:47 #Trading
Daily Analysis of USDX for May 23, 2016 The index still trades sideways to higher levels, consolidating gains above the support at 95.22, where we expect to see a rebound to test the next resistance placed around 95.68 area...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 08:45
Daily Analysis of GBP/USD for May 23, 2016 It can be seen on the H1 chart that GBP/USD has been trading in corrective mode, trying to resume rally to key levels such as the H1 chart shows. That's why we would like to see some upward moves in the nearest future, at least in the coming days...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 08:42
This week we expect the revised U.S. GDP data for Q1, as well as #Fed members speeches. Today, the euro zone will release the data on business activity. Find out the key economic events of this week at the Source Link. Please note that this post was originally published on Vistabrokers.com...
EUR/JPY Rejected at 5-DMA, Drops Sharply Towards 123 The EUR/JPY cross is seen in the red ahead of the European open, with the weakness mainly attributed to broad yen strength in response to the G7 Summit held over the weekend. EUR/JPY: heading towards daily lows The EUR/JPY pair now drops -0...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 08:19
Risk-off Sentiment Drags USD/JPY Back Below 110.00 Handle The USD/JPY pair dipped back below 110.00 handle during the Asian trading session as risk-off mood griped investor sentiment, taking Japan's Nikkei lower by more than 1.4% on Monday...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 08:16
EUR/GBP Around 0.7730 ahead of PMIs EUR/GBP has started the week on a positive footing, hovering over the 0.7730 area ahead of the advanced PMI readings in Euroland. EUR/GBP bounces off 0.7650 After dropping to multi-week lows in the mid-0...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 08:12
Oil Dips in Asia on Global Oversupply Woes Oil benchmarks on both sides of Atlantic set-off the week on the bearish note, dipping in the Asian trades against a backdrop of omnipresent supply glut concerns...
Crude Oil
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Roberto Jacobs, 23 May 2016, 08:07
FxWirePro: USD/JPY Slips Below 110 Handle, Intraday Bias Lower, Good to Sell Rallies Nikkei Japanese manufacturing PMI reading combined with poor domestic exports/imports data helped USD/JPY hit session highs at 110.23. Japan all industry activity index (mom) registered at 0...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 08:00
Fundamentals to Watch Out for This Week This week is relatively risk heavy with data and events. Focus is on Janet Yellen speech...
Market News
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Roberto Jacobs, 23 May 2016, 07:56
US May Non-Farm Payrolls Likely to Rise on Verizon Labor Strike The United States Non-Farm Payrolls is expected to rise following the labor strike at Verizon, over the low wages paid to workers and the power and domination imposed upon them...
Market News
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Roberto Jacobs, 23 May 2016, 07:47
FxWirePro: USD/SGD Fails to Sustain Above Key Resistance 1.3828, Good to Sell on Rallies USD/SGD is currently trading around 1.3780 marks. It made intraday high at 1.3820 and low at 1.3772 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.3828 levels...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 07:45
Gold: Declines On Continued Correction GOLD: With GOLD extending it corrective weakness the past week, further decline is envisaged. However, with its price action on Thursday and Friday, we may see it return into its consolidation range. On the downside, support comes in at the 1,240...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 07:39 #gold
NZD/USD: Bulls Conquer 0.68 Handle, What Next? The overnight recovery from seven-month lows gained further traction in the Asian session, as risk sentiment recovers after oil prices stabilize in the positive territory. NZD/USD sees a 40-pips rally Currently, the NZD/USD pair trades 0...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 07:35 #nzdusd
GBP/USD Regains 1.4500 and Beyond Amid Weaker USD The GBP/USD pair takes on the recovery above 1.45 handle as we progress towards early European trades, with the bulls closely tracking USD moves amid a lack of fresh catalysts. GBP/USD finds support ahead of 20-DMA at 1...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 07:31
Fed Minutes Hawkishness Propelled USD Higher – Lloyds Bank Research Team at Lloyds Bank, suggests that a surprisingly hawkish set of US Fed minutes of the 26-27 April FOMC meeting, supported by positive economic data, led to a rally in the US dollar and Treasury yields over the past week...
Currency
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Roberto Jacobs, 23 May 2016, 07:28
GBP Rally Supported Partly by Big Lead for ‘Remain’ Camp – Danske Bank Research Team at Danske Bank, notes that the GBP rallied sharply last week supported partly by big lead for ‘remain’ in biased phone polls...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 07:26
EuroDollar Net Shorts Reduced – Deutsche Bank Research Team at Deutsche Bank, lists down the commitments of traders report for the week ended on Tuesday, May 17, 2016. Key Quotes “Interest Rates: Speculators decreased their net shorts in Eurodollar and Treasury futures by $4.3 billion to -$51...
Currency
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Roberto Jacobs, 23 May 2016, 07:22
German/Eurozone Flash PMIs Preview: What to Expect of EUR/USD? Having taken-out Friday’s high near 1.1240 in the last hour, the EUR/USD pair consolidates the upside amid broad based US dollar weakness. The major manages to hold 5-DMA support at 1...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 07:20