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Technical Analysis of USD/CHF for April 13, 2016 USD/CHF is expected to trade in a higher range as bias remains bullish. The pair managed to break above the resistance of its 50-period moving average, and now the pair is holding above it...
Technical Analysis of NZD/USD for April 13, 2016 NZD/USD is expected to trade in a higher range and continue its upside movement. The pair is clearly in a bullish trend, supported by its rising 20-day and 50-day moving averages. The process of higher highs and lows remains intact...
USD/CHF Edges Higher, Eyes on 0.9600 The greenback continues to gather traction vs. its rivals on Wednesday, now lifting USD/CHF to the vicinity of 0.9600 the figure, or session highs...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 10:18 #usdchf
Calculated level for today: Support (S1 / S2 / S3 = 1251,60 / 1249,15 / 1244,75), resistance (R1 / R2 / R3 = 1260,67 / 1263,39 / 1267,79). Key level (1st from 1250.57 to 1256.69 at the end of the day, the 2nd of 1244.01 to 1247.61...
Analytics & Forecasts
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oleksandr bilokon, 13 April 2016, 10:03
Fed Speak Sounded Mixed – Deutsche Bank Research Team at Deutsche Bank, suggests that as far as Fed speak was concerned, while Philly Fed president Harker displayed near term caution about the outlook he was positive for later in the year...
Currency
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Roberto Jacobs, 13 April 2016, 09:59
Technical Analysis of GBP/JPY for April 13, 2016 GBP/JPY is expected to trade in a higher range as the bias remains bullish. The pair stands above the short-term rising trend line since April 11 and is also supported by its 50-period moving average...
US: Focus on Retail Sales, PPI and Beige Book - Rabobank Philip Marey, Senior US Strategist at Rabobank, suggests that in the US, the retail sales figures for March will give us an idea of the strength in consumer spending despite the global economic and financial turmoil...
Market News
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Roberto Jacobs, 13 April 2016, 09:54
FXWIREPRO: AUD/CAD Holds Above Cloud Base, Weakness Only on Breaks Below AUD/CAD has broken range trade and price action has slipped into the daily cloud. Long upper wicks successively on daily candles suggests selling pressure, pair struggling to extend upside...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 09:50
Oil Up Above $42 per Barrel; China Exports Above Expectations – Deutsche Bank Research Team at Deutsche Bank, suggests that the risk is enjoying a strong performance, with equities positing solid gains across the board and oil rallying to its highest level since November (WTI above $42...
Crude Oil
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Roberto Jacobs, 13 April 2016, 09:48
EUR/USD at Session Lows as Stoxx 50 Index Gains 1.8% Risk-on sentiment hit the European shores pushing the Stoxx 50 index higher by 1.8% and EUR/USD to a session low of 1.1342 levels. Challenging previous cyclical high Pair is threatening to drop below the previous cyclical high of 1...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 09:44
FXWIREPRO: GBP/JPY Faces Strong Support at 154, Good to Buy at Dips Major resistance- 155.80 (55 4 H EMA) Major Intraday support – 154 GBP/JPY has made a high of 155.51 yesterday and started to decline from that level .It is currently trading around 154.99...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 09:41
BoC to Stay the Course - BNPP Research Team at BNP Paribas, suggests that for today’s Bank of Canada announcement the focus will be on the updated macroeconomic projections incorporating additional fiscal spending. Key Quotes “The government expects the budget to boost 2016 GDP growth by 0...
Currency
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Roberto Jacobs, 13 April 2016, 09:38
FXWIREPRO: GBP/JPY Intraday Bull Swings Likely Extend to Resistance at 156.200 But Long Term Downtrend The bounce back above trendline is reasonable, now facing a stiff resistances at 156.200 and upper trendline...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 09:36
Calculated level for today: Support (S1 / S2 / S3 = 42,99 / 42,48 / 41,44), resistance (R1 / R2 / R3 = 44,67 / 45,18 / 46,02). Key resistance levels (1st from 42.06 to 43.52 at the end of the day, the 2nd of 40.86 to 42.29...
Analytics & Forecasts
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oleksandr bilokon, 13 April 2016, 09:33
Elliott Wave Analysis of EUR/NZD for April 13 - 2016 Wave summary: The expected rally has failed miserably and we are currently seeing a test of the support line from 1.5784. This support-line near 1.6229 needs to protect the downside or we will have to review our count. A break below 1...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 09:32
Elliott Wave Analysis of EUR/JPY for April 13 - 2016 Wave summary: We are still locked inside the triangle consolidation and we remain on the outlook for a thrust out of the triangle towards the downside for a decline to 120.98. A break below minor support at 123...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 09:29
US Retail Sales: Constructive Underlying Spending Ton – TDS Research Team at TDS, suggests that the weaker auto sales should be a key source of drag on US headline retail sales activity, pushing the pace of spending down for the third consecutive month...
Currency
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Roberto Jacobs, 13 April 2016, 09:27
EUR/JPY has Likely Bottomed, Now on Track to Rebound - BNPP Research Team at BNP Paribas, suggests that the main data release on Wednesday is Eurozone February industrial output where our economists expect a decline of 0.6% m/m...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 09:23
Technical Analysis of USD/JPY for April 13, 2016 In Asia, Japan will release the PPI y/y, M2 Money Stock y/y and the US will release some economic data such as the Beige Book, 10-y Bond Auction, Crude Oil Inventories, Business Inventories m/m, Core PPI m/m, Retail Sales m/m, PPI m/m, Core Retail...
We have been calling this level on USDJPY for several days now, as 109.110 also corresponds to 100% extension. However topping tails on 1H chart and resistance ahead are slowing down USDJPY rally...
Scalping
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AynGannRand, 13 April 2016, 09:19