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USD Still Vulnerable ahead of NFP Report – MUFG Lee Hardman, Currency Analyst at MUFG, notes that the US dollar continues to remain on the defensive ahead of the release today of the latest non-farm payrolls report...
Currency
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Roberto Jacobs, 1 April 2016, 12:49
JPY: Stronger Yen Hits Business Confidence in Japan - MUFG Lee Hardman, Currency Analyst at MUFG, suggests that the weakness in the Japanese equity market and the strengthening of the yen likely reflects as well a further loss of investor confidence in Abenomics following the release overnight of...
Currency
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Roberto Jacobs, 1 April 2016, 12:47
Euro Rises As Eurozone Manufacturing Growth Improves The euro strengthened against the other major currencies in the Asian session on Friday, after data showed that the Eurozone manufacturing growth improved more than initially estimated in March...
Currency
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Roberto Jacobs, 1 April 2016, 12:43
Pre US Open, Daily Technical Analysis Friday, April 01, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: further upside. Pivot: 1.1365 Most Likely Scenario: long positions above 1...
My Trading
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Mohammed Abdulwadud Soubra, 1 April 2016, 12:41
US: Less Dovish Fed Speak – Investec Research Team at Investec, notes that in terms of US economic data yesterday, the main takeaway was further improvement in US manufacturing, with the March Chicago PMI reading showed an increase of 6pts last month to a better than expected 53.6 (vs. 50...
Currency
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Roberto Jacobs, 1 April 2016, 12:40
GBP: Final Reading of Q4 UK GDP Revised Up – Investec Research Team at Investec, notes that yesterday saw UK Quarterly GDP growth for Q4 last year was revised up a touch, to +0.6% from +0.5% previously estimated. Key Quotes “For the year 2015 as a whole, growth was also revised up by 0.1pp, to 2...
Currency
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Roberto Jacobs, 1 April 2016, 12:37
Indonesian Bond Climbs on Fuel-Price Cut Expectation The Indonesian sovereign bonds rose on Friday, pushing the 10-year yield down the most in a month, on speculation a cut in domestic fuel prices will keep inflation in check. The price consumers pay for gasoline was lowered 7...
Market News
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Roberto Jacobs, 1 April 2016, 12:35
EUR/GBP Pushes Higher Near 0.7980 The march north in EUR/GBP continues unabated today, currently testing fresh more than 1-year highs around 0.7980. EUR/GBP boosted by GBP-selling The European cross is trading in levels last seen in late December 2014 near 0...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 12:32
EUR/USD Rangebound Near-Term – Danske Bank Jens Pedersen, Senior Analyst at Danske Bank, sees the pair in a consolidative pattern prior to resume its upside. Key Quotes “We still stress that time is not yet ripe for a move towards the 1...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 12:29
Although the commodity complex has been more stable recently and that has removed some downside pressure on the euro via the disinflation channel, we anticipate that other factors will soon come into play. First, the extent of dovish stance by the US FOMC in March took us by surprise...
Analytics & Forecasts
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Vasilii Apostolidi, 1 April 2016, 12:22
US Nonfarm Payrolls (MAR) - Fri 4/1 - 08:30 AM ET BofAML: The March employment report likely showed another strong month for the labor market. We anticipate a healthy 190,000 gain in nonfarm payrolls, with the private sector contributing 185,000...
Analytics & Forecasts
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Vasilii Apostolidi, 1 April 2016, 12:02
The global impact of US monetary policy [was] evident from the market reaction to Fed Chair Janet Yellen's dovish message this week. Yellen underlined the FOMC's cautious message from a fortnight before. In so doing, she threw more fuel onto the ongoing risk rally...
Analytics & Forecasts
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Vasilii Apostolidi, 1 April 2016, 11:59 #EUR/USD
GBP/USD Extends the Drop to 1.4320 The sterling remains on the defensive on Friday, now sending GBP/USD to the 1.4320 area, or session lows. GBP/USD lower post-PMI, focus on US data The pair is prolonging its recent downside after being rejected from Wednesday’s peaks near 1...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 11:55
Daily Analysis of Major Pairs for April 1, 2016 EUR/USD: This currency trading instrument has trended upward by 250 pips, testing the resistance line at 1.4000...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 11:52
EUR/USD: Neutral: Bullish if daily close above 1.1400. The break above the major 1.1375 resistance bodes well for EUR. We have been reluctant in turning bullish but a daily close above 1...
Chinese business activity data to be released Friday morning should be markets’ key focus ahead of US labor data. Overall, we expect both official (CFLP) and onshore private sector (Caixin) measures for manufacturing, and the official (CFLP) services index, to show a modest uptick...
Analytics & Forecasts
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Vasilii Apostolidi, 1 April 2016, 11:48
EUR/USD Gathers Pace, Takes-out 1.1400 ahead of NFP The bullish tone behind the EUR gathers pace in the European session, now taking EUR/USD above 1.14 handle, as risk-off sentiment and upbeat PMIs underpin. EUR/USD higher on cross driven strength Currently, EUR/USD trades +0...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 11:43
UK Manufacturing Growth Improves Less Than Expected British manufacturing growth improved less-than-expected in March, though slightly, survey figures from Markit Economic showed Friday...
Market News
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Roberto Jacobs, 1 April 2016, 11:41
BOJ’s Sakurai: Current Yen Not Too High vs its Level in 2012 Bank of Japan’s (BOJ) Sakurai, while commenting on exchange rate said the current level of Yen is not too highs compared to the one seen in 2012...
Currency
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Roberto Jacobs, 1 April 2016, 11:27
Canadian FinMin: Not Considering Further Measures to Tackle Housing Market Risks Speaking in London, Canadian finance ministry Morneau commented on Canada’s overall economic conditions as well as on oil markets...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 11:25