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USDJPY Daily Forecast: May 09 2016 USDJPY Forecast The USDJPY was indecisive last week. Price attempted to push higher but still unable to make a clear break above 107.60 key intraday resistance so far. The bias is neutral in nearest term probably with a little bullish bias testing 107.60...
USDCHF Daily Forecast: May 09 2016 USDCHF Forecast The USDCHF attempted to push lower last week bottomed at 0.9443 but whipsawed to the upside and closed higher at 0.9727 after formed a long legged Doji as you can see on my daily chart below which end the bearish run...
Gold 'out of sync' with VIX, Takes Lead from USD/JPY One of the most striking features of the 2016 Gold rally is the decoupling with the VIX from a macro-level perspective, especially during mid-February...
EUR/JPY: Price Developed Below Key MA's - FXStreet Valeria Bednarik, chief analyst at FXStreet explained that the EUR/JPY pair fell on Friday down to 121.47, its lowest since April 2013, with the JPY enjoying some temporal demand after the release of the US Nonfarm Payroll report...
CFTC: Short Dollar Reduced - ANZ Analysts at ANZ explained the positioning data for the week ending 3 May 2016. Key Quotes: "Leveraged funds continued to stay short against the USD for the second consecutive week. However, the size of their overall short position was reduced by USD0.7bn to USD2...
Pivot Points Hourly Last Updated: May 9, 4:04 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.1361 1.13725 1.13774 1.1384 1.13889 1.13955 1.1407 USD/JPY 106.788 107.122 107.291 107.456 107.625 107.79 108.124 GBP/USD 1.43748 1.43949 1.4405 1.4415 1.44251 1.44351 1.44552 USD/CHF 0.97064 0.97179 0...
USD/JPY: Bid in Tokyo on Central Bank Divergences USD/JPY is on the up in the Tokyo open with Japan finally back for a full week's work this week. The price is bid at the highest level since the end of April's business at 107.64 the high so far...
Pivot Points Daily Last Updated: May 9, 3:30 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.12379 1.13289 1.13633 1.14199 1.14543 1.15109 1.16019 USD/JPY 105.001 105.988 106.539 106.975 107.526 107.962 108.949 GBP/USD 1.42034 1.43314 1.4377 1.44594 1.4505 1.45874 1.47154 USD/CHF 0.95331 0.96156 0...
Pivot Points Weekly Last Updated: May 9, 3:30 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.10049 1.12354 1.13166 1.14659 1.15471 1.16964 1.19269 USD/JPY 102.804 104.755 105.923 106.706 107.874 108.657 110.608 GBP/USD 1.38254 1.41802 1.43014 1.4535 1.46562 1.48898 1.52446 USD/CHF 0.90608 0...
Weekly Trading Forecast: Dollar Struggles with Recovery, Euro Faces Greece, Pound Awaits BoE A notable slip in risk trend and rebound from the Dollar this past week has spurred speculation of reversals...
USD/JPY Inter-Market: Watch Divergence US-Japan Yield Spread USD/JPY presents some significant divergence when analyzed against its 10-year US-JP yield spread, as a result of what has been an major withdraw of liquidity by market makers ever since BOJ's disappointing inaction on April 28th, paire...
EUR/USD Bulls Shortchanged on Dollar Strength It might be expected that we are headed for a 5th trading day of losses for the single currency, starting out wrong footed after last week's sell-off and in a continuation of the bearish theme...
Fed Hike Forecasts Set Back - Nomura In response to the weak employment report and a string of other unimpressive economic data, we changed our forecast for the timing of the next interest rate hike to September from June...
NZD/USD Out of Favour on RBNZ, Target April Lows? NZD/USD is currently in a weekly and daily uptrend, consolidating on a shorter term basis with a double top at the mid-point of the 0.70 handle...
RBNZ to Cut Rates Again in June? - Westpac Imre Speizer, analyst at Westpac explained that they retain our forecast the next cut will be in June...
Oil Jumps Towards $46 on Saudi Arabia, Canada Fires Oil has opened over $1 higher in early Asia, currently trading just shy of $46/barrel from $44.58 last Friday close, following news that Saudi Arabia ousted its long-time oil minister Ali Al-Naimi...
AUD/USD: Worst of a Bad Bunch, Targeting 100 DMA AUD/USD is the worst of the bunch on the back of the RBA's downgrading of their inflation outlook by 1% and leaving the idea open that more interest rate cuts could be on the way...
Where Now After NFP? - ANZ Analysts at ANZ explained that the NFP report had something for everyone, but it does confirm the ongoing improvement and absorption of slack in the labour market...
BoJ to Intervene? - BBH Analysts at Brown Brothers Harriman explained that while the BOJ could intervene, we continue to attribute a low risk in the run-up to the G7 meeting toward the end of the month...
