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EUR/JPY Fades a Spike to 123.20 as Risk-off Seeps Back The retreat in the Asian indices back towards monthly lows, particularly the Japanese stocks, boosted the JPY bulls and drove the yen crosses lower across the fx board. EUR/JPY capped by daily R2 The EUR/JPY pair now trades +0...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 08:35
EUR/USD Looks for Direction Near 1.1300 The single currency is alternating gains with losses vs. the dollar on Monday, now taking EUR/USD to the low-1.1300s. EUR/USD supported near 1.1280 Spot has regained the 1.1300 handle after briefly dipping to the 1...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 08:32
USD/JPY Struggling to Regain Momentum Above 109.00 Handle Following its reversal on Friday from 109.50 resistance area, the USD/JPY pair now appears to struggle in moving back above 109.00 handle. On Monday, the pair remained capped at 109...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 08:30
Oil Bounces Over 1% on Goldman Sachs Comments Oil benchmarks on both sides of Atlantic resumed its recent upsurge after a brief drop seen last Friday, in response to the optimistic comments from long-time bear Goldman Sachs on oil fundamentals...
Crude Oil
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Roberto Jacobs, 16 May 2016, 08:28
EUR/GBP More Rangebound Below 0.7900 EUR/GBP is posting meager gains at the beginning of the week, extending its consolidative pattern below the 0.7900 mark...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 08:25
AUD/NZD: Positive Momentum but Cose to a Turning Point - Westpac Imre Speizer, Senior Market Strategist at Westpac, suggests that the NZD/AUD momentum remains positive and could push it a little higher to around 0.9400, but we are probably also close to a turning point...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 08:23
EUR/USD: Futures OI Increased by 3.7k Last Friday Preliminary data from the CME Group shows that futures traders added new business in the 6E contract (EUR/USD) last Friday, a day in which the pair broke a key area of support at 1...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 08:21
FxWirePro: USD/INR Fails to Sustain Above 66.90, Intraday Bias Remains Bearish USD/INR is currently trading around 66.83. It made intraday high at 66.91 and low at 66.81 marks. Intraday bias remains bearish till the time pair holds key resistance at 66.95 marks. A daily close below 66...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 08:15
Fundamentals to Watch Out for This Week This week is relatively risk heavy with data and events...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 08:13
FxWirePro: AUD/USD Recovers Gap Down Open, Bearish Trend Firmly in Place AUD/USD has recovered the opening downside gap but bearish trend in the pair firmly in place. Poor Chinese data over the weekend weighed heavily on the pair, AUD/USD hit session lows at 0.7244. AUD/USD currently trading at 0...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 08:09
FxWirePro: AUD/NZD Refrains to fall Below Key Support at 1.0704, Good to Sell on Rallies AUD/NZD is trading around 1.0762 marks. Pair made intraday high at 1.0783 and low at 1.0704 marks. Intraday bias remains bullish till the time pair holds key support at 1.0700 marks. A daily close below 1...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 08:07
GBP/USD Off-Highs, but Corrective Mode Intact Near 1.4360 The GBP/USD pair bounced from near fifteen-day lows and extended higher beyond 1.4350 levels, before facing fresh offers near 1.4370 as risk-off once again returned to markets. GBP/USD remains capped below 5-DMA Currently, GBP/USD drops -0...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 07:34
NZD/USD Fall to Extend to the 0.6650 Area - Westpac Imre Speizer, Senior Market Strategist at Westpac, notes that the stronger US dollar has resulted in a 3% fall in NZD/USD so far this month. Key Quotes “We expect that to extend this week, to the 0...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 07:31 #nzdusd
USD/JPY intermarket: Bulls Need Higher Adj in 10-y US-JP Spread One week ago, a significant divergence between the 10-year US-JP yield spread was identified, one which was suggesting the possibility of the pair being too cheap based on its yield valuations...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 07:20
AUD/JPY: Recovery Faces Stiff Hurdle at 79.50 The bulls appear to have taken a breather from the recovery mode, with the AUD/JPY cross now drifting slightly lower from the mid-point of 79 handle. AUD/JPY sees almost 1 big figure recovery The AUD/JPY pair now advances 0.29% to 79...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 07:18
AUD: Plenty of Fuel for Further Decline - Westpac Sean Callow, Research Analyst at Westpac, notes that the CTFC’s Commitment of Traders report showed the expected further reduction in speculative AUD net long positions in the week to 10 May (i.e. including the response to the RBA’s SoMP...
Currency
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Roberto Jacobs, 16 May 2016, 07:16
FxWirePro: NZD/USD Recovers from Session Lows at 0.6746, Good to Buy Breakout Above 0.6770 Kiwi hammered earlier on the day on account of poor Chinese data, Chinese retail sales, industrial output and fixed asset investment data came in below estimates...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 07:11 #nzdusd
Gold: Looks For Directional Bias GOLD: Though vulnerable to the downside on correction, the commodity is now looking for directional bias on the daily chart. On the downside, support comes in at the 1,260.00 level where a break will turn attention to the 1,250.00 level...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 07:07 #gold
GBPJPY: Risk Remains Lower Medium Term GBPJPY: The cross continues to face downside pressure as we enter a new week. On the downside, support comes in at the 155.00 level where a violation will aim at the 154.00 level. A break below here will target the 153.00 level followed by the 152.00 level...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 07:01
EURUSD – A Look at the Big Picture for Euro Key Highlights Euro looks like trading inside a monster ascending channel formed on the daily chart vs the US Dollar...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 06:58