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EUR/USD Technical Analysis: Euro Aims to Test 1.1200 Talking Points: EUR/USD Technical Strategy: Short at 1.1317 Euro vulnerable to deeper losses after largest 2-day drop in a month Short position entered, aiming for descent to challenge the 1.12 figure...
GBP/USD: UK Employment Game Plan- Constructive Above 1.44 Talking Points GBPUSD 1.44-1.4530 key range in focus ahead of UK Jobs Report Updated targets & invalidation levels Check out FXCM’s Forex Trading Contest...
Market News
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Mohammed Abdulwadud Soubra, 17 May 2016, 19:02
Bitcoin: Remains above $450 In short: short speculative positions, target at $153, stop-loss at $515. Banks are looking into the possibility to come up with their own versions of Blockchain. At the same time, none of these emerging solutions are as tested in real life as Bitcoin itself...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 18:42 #bitcoin
EUR/USD Still Below 20 DMA, awaits Next Catalysts EUR/USD remains better bid, despite the US CPI data that builds a case for a June hike from the Fed. EUR/USD recovered to 1.1348 highs earlier on the US opening spike from 1.1311, but has since drifted sideways after a little profit taking...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 18:34
AUD: Post-RBA Minutes Rebound Provides A Selling Opportunity - Morgan Stanley We view the overnight AUD rebound launched by the release of RBA minutes as providing a selling opportunity...
Currency
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Roberto Jacobs, 17 May 2016, 18:27
FTSE Gains Erased in Topsy-Turvy Day FTSE punishes those chasing early gains US CPI raises chance of June hike UK manufacturing in decline as prices fall An impressive batch of US data has helped compound equity weakness that had one foot in the European stock markets today...
Market News
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Roberto Jacobs, 17 May 2016, 18:23
USD/CHF Retreats Rejected from 0.9800 USD/CHF reached levels on top of 0.9800 for the first time since mid-March but it was rejected and pulled back, erasing all day’s gains. The pair recently bottomed at 0.9751 and it was trading at 0.9757/60, down 0.18% for the day...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 18:18 #usdchf
GBP/USD is a Fade Back to 1.4350 - Scotiabank Analysts at Scotiabank explained the technical conditions surround GBP/USD. Key Quotes: "Cable’s rebound stalled in the low 1.45 area earlier, where the last two Cable rallies have failed...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 18:16
US CPI Supports Fed’s Inflation Outlook - Wells Fargo According to analysts from Wells Fargo, today’s US CPI numbers support the Federal Reserve outlook that inflation is gradually trending toward its target...
Currency
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Roberto Jacobs, 17 May 2016, 18:14
NZD/USD: Bulls in Charge Hunting Down Key Resistance NZD/USD has rallied to take on the previous intra-session highs with some more ground to cover before 0.6847 highs of 12th May are met or exceeded...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 18:12 #nzdusd
Less Volatility than Expected in the FX Markets We were expecting a little more volatility in the FX markets today, with the data releases offering a little more perspective on interest rate policy. In the US, the CPI numbers were as expected, with the core y/y rate easing back a touch to 2...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 17:35
NOK, CAD: Its All about Oil? - Rabobank Jane Foley, Research Analyst at Rabobank, notes that yesterday Nigerian oil Minister Emmanuel Ibe Kachikwu reportedly stated that the country’s oil production had fallen by almost 40% to 1.4 b/d due to militant attacks on facilities in the Delta region...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 17:31
Fed: June Rate Hike Chances Growing - ING Rob Carnell, Chief International Economist at ING affirms that recent economic data and current financial conditions increased the chances of a rate hike from the Federal Reserve at the June meeting Key Quotes: “With inflation heading back in the right di...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 17:27 #Fed
USD/JPY Erases Gains and Hits Fresh Lows Under 109.00 USD/JPY rose toward daily highs after US CPI data but then turned to the downsides and it has been falling constantly since then. Recently it dropped below 109.00 and currently trades at 108.95. It printed a fresh daily low at 108.82...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 17:22
FxWirePro: Hedge Renewed Aud Weakness Upon Risks of RBA'ss Easing Cycle The RBA doesn’t seem to have finished cutting interest rates, and markets should refocus on China woes in H2...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 17:19
Crude Oil Rally Boosts Risk Assets, Commodity Currencies It has been a remarkable year for crude oil and market participants that specialize in this particular market...
Crude Oil
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Roberto Jacobs, 17 May 2016, 17:12
Gold Tests Highs Around $1,280, Fedspeak Eyed The ounce troy of the precious metal is extending its weekly advance today, testing daily tops in the $1,280 area...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 17:07 #gold
US Dollar Drops to 94.40 Despite US Data The greenback, measured by the US Dollar Index, is trading on the defensive today around the 94.40 area...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 16:40
EUR/GBP Recovers Sharply, Erases Majority of its Losses to Move Back Above 0.7850 The EUR/GBP pair's recovery from day's through level of 0.7800 gained traction in the last one hour, boosting the pair back above 0.7850 level (20-day SMA region...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 16:38
Canadian Bonds Tad Up on Weak Manufacturing Sales, Likely to Slump on Firm Crude The Canadian long-term bonds traded modestly firmer on Tuesday after reading weak March manufacturing sales. Moreover, bond prices are likely to be ruled by the movements in global crude oil...
Market News
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Roberto Jacobs, 17 May 2016, 16:34