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FxWirePro: NZD/USD Upside Stalls at Channel Top, Slips Below 5-DMA at 0.6969 Despite risk-on sentiment, the Kiwi has been left on the sidelines, trades narrow range on the day (0.6982-0.6955). Upside in the pair stalls at channel top resistance at 0...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 08:14 #nzdusd
Oil Prints Fresh 5-Month Highs, Brent Above $ 46 Oil benchmarks on both sides of Atlantic paused the corrective slide from Asian hours, and now resume the recent uptrend as the European traders cheer the bullish EIA inventory report...
Crude Oil
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Roberto Jacobs, 21 April 2016, 08:09
EUR/USD Challenging Lows sub-1.1300, ECB Eyed The single currency is now posting marginal losses vs. its American counterpart on Thursday, sending EUR/USD back below the 1.1300 handle. EUR/USD attention to ECB Spot has returned to the 1.1300/1...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 08:03
EUR/GBP Ranging Ahead of Key Event Release Following three consecutive days of decline, the EURGBP pair is trading in a narrow range with little change from yesterday's close ahead of the release of UK monthly retail sales data and ECB monetary policy announcement later during the day...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 07:59
GBP/USD Bounces-Off 1.4320 Ahead of UK Retail Sales The GBP/USD is seen gradually drifting lower as we progress towards early Europe, having breached yesterday’s lows, and now looks to test 1.43 handle ahead of the UK retail sales data...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 07:56
Dollar Longs Heavily Pared While Euro Shorts Square ahead of ECB – Deutsche Bank Nicholas Weng, Strategist at Deutsche Bank, suggests that this week we have seen paring in two of the most popular long trades: USD in DM, and PLN in EM...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 07:53
Asian Markets Rally on the Back of Positive Global Sentiments, Gold Around $1250 and Silver Rises Nearly 3 Pct All the Asian markets are trading on a higher note on Thursday. Japanese markets continue to trade higher while China’s stock market opened mix and there after turns positive...
Market News
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Roberto Jacobs, 21 April 2016, 07:51
FxWirePro: USD/JPY Finds Strong Resistance at 109.90, Go Long on Break Above Doji formed on USD/JPY daily charts till now. Pair finds strong trendline resistance at 109.90. Further upside can be seen on breaks above. Test of 110.65 then likely...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 07:47
FxWirePro: Silver Rises Nearly 3 Pct to $17.37, Highest Since May 2015 XAG/USD is currently trading around $17.28 marks. It made intraday high at $17.37 and low at $16.89 levels. Intraday bias remains bullish till the time pair holds immediate support level at $17.11 marks...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 07:44
USD/CAD Keeps the Red as Oil Turns Positive The USD/CAD pair moves-off multi-year troughs and steadies around the mid-point of 1.26 handle amid improved risk sentiment. USD/CAD rejected near 1.2660 Currently, the USD/CAD pair drops -0.12% to 1.2642, heading for a retest of daily lows struck at 1...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 07:28
Add Long EUR/USD on Weakness, Sell GBP/USD - Westpac Research Team at Westpac, suggests that the GBP/USD remains high on their sell list for another week. Key Quotes “We sell GBP/USD at 1.4450, stop 1.4610. Doubt GBP has the vigour to punch much above 1...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 07:25
NZD: ANZ New Zealand Job Ads Back on the Job – ANZ Sharon Zollner, Senior Economist at ANZ, notes that the NZ’s jobs ads rose strongly in March, and have now more than made up the ground lost in January, restoring the upward trend. Key Quotes “Job ads lifted 2...
Market News
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Roberto Jacobs, 21 April 2016, 07:22
Long NZD/USD and Short USD/CAD – Westpac Research Team at Westpac, suggests to buy NZD/USD on weakness and to sell USD/CAD on strength. Key Quotes “With all three signals greenlighting an NZD long our signals are even more emphatically bullish NZD this week vs last week...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 07:20
EURUSD Daily Forecast: April 21 2016 EURUSD Forecast The EURUSD failed to continue its bullish momentum yesterday bottomed at 1.1290. The bias is bearish in nearest term testing 1.1250 located around the H4 EMA 200 as you can see on my H4 chart below...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 06:50
GBPUSD Daily Forecast: April 21 2016 GBPUSD Forecast The GBPUSD failed to continue its bullish momentum yesterday and hit 1.4320 earlier today. The bias is neutral in nearest term probably with a little bearish bias after another rejection to move above 1.4400 – 1...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 06:48
USDJPY Daily Forecast: April 21 2016 USDJPY Forecast The USDJPY had a bullish momentum yesterday and hit 109.89 earlier today. The bias remains bullish in nearest term testing 110.00 – 110.96 area. Immediate support is seen around 109.50/20 area...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 06:44
Negative rates, currency wars, even helicopter money for god’s sake. HELICOPTER MONEY! If that’s not a central bank running past their limits, then I don’t know what is. Scary...
Analytics & Forecasts
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Francis Dogbe, 21 April 2016, 06:40 #ECB
AUD/USD Struggles with 0.7800, Risk-on Back in Vogue? Having found solid support near 0.7785/90 band, the AUD/USD pair attempts to extend gains beyond 0.78 handle, following in-line with expectations Australian business confidence numbers...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 06:39
Euro zone finance ministers are ready to hold an extraordinary meeting next week if negotiations on the review of the Greek reform program are concluded, a senior EU official said on Wednesday, commenting that talks remained difficult...
Analytics & Forecasts
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Francis Dogbe, 21 April 2016, 06:39
IEA Chief: Oil Market, Prices to Return to Balance by 2017 International Energy Agency (IEA) chief Fatih Birol was on the wires earlier today, expecting oil markets to rebalance by 2017...
Crude Oil
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Roberto Jacobs, 21 April 2016, 06:35