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FxWirePro: USD/KRW Remains Well supported Above 1135, Good to Buy on Dips USD/KRW is currently trading around 1140 levels. It made intraday high at 1141 and low at 1138 levels. Intraday bias remains bullish till the time pair holds immediate support at 1135 marks...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 06:26
FxWirePro: Traders Enjoying Roller Coaster Movement in Gold, Hovers Around $1250 in Early Asian Hours XAU/USD is currently trading around $1250 mark. It made intraday high at $1252 and low at $1243 levels...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 06:23
Intra-Day News and Views & Data to be Released Today (USD/JPY) USD/JPY - ...... The greenback ratcheted lower after an initial gain to 109.90 in Australia on Thursday and fell to 109.33 in New York on cross-buying in yen, then marginally lower to 109.26 in Tokyo morning on Friday...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 06:19
USD/JPY Recovery Stalls at 109.50 Amid Broad USD Weakness Fresh offers emerged at 109.50 levels in the last hour, capping the recovery in the USD/JPY pair from ahead of hourly 100-SMA as the US dollar corrected lower across the board...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 06:16
Oil Rebounds, Set for Third Straight Weekly Rise Oil benchmarks on both sides of Atlantic resumed its upward trajectory on Friday, reversing a temporary slide seen the day earlier and remain poised to book third straight week of gains...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 06:13
Asian Stocks Attempt Recovery Amid Higher Commodities The Asian stocks dropped this Friday, after three consecutive sessions of gains, tracking losses from the Wall Street overnight...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 06:10
EURUSD Daily Forecast: April 22 2016 EURUSD Forecast The EURUSD attempted to push higher yesterday topped at 1.1397 but whipsawed to the downside and closed lower at 1.1286. The bias is bearish in nearest term testing H4 EMA 200 located around 1.1250 as you can see on my H4 chart below...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 06:04
GBPUSD Daily Forecast: April 22 2016 GBPUSD Forecast The GBPUSD attempted to push higher yesterday topped at 1.4440 but whipsawed to the downside and closed lower at 1.4320. The bias is bearish in nearest term testing 1.4240 region. Key resistance remains between 1.4400 – 1...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 06:02
USDJPY Daily Forecast: April 22 2016 USDJPY Forecast The USDJPY didn’t make significant movement yesterday. The bias is neutral in nearest term. The major bearish scenario remains valid but price is in a bullish correction/consolidation phase since found support at 107...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 06:00
USDCHF Daily Forecast: April 22 2016 USDCHF Forecast The USDCHF attempted to push lower yesterday bottomed at 0.9647 but whipsawed to the upside and closed higher at 0.9750. The bias is bullish in nearest term testing 0.9800 before targeting 0.9900. Immediate support is seen around 0.9715 – 0...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 05:58 #usdchf
There has become conventional wisdom among many market participants that the 27 February G20 meeting resulted in a deal among the major economies to curb USD strength, or at least to no longer seek to weaken their own currencies. ...We are sceptical that such a deal was reached by the G20...
Analytics & Forecasts
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Vasilii Apostolidi, 22 April 2016, 01:26 #forex
The Australian dollar is up nearly 10 cents in the past two months as commodity prices and risk sentiment improved. But today after touching a fresh 9-month high of 0.7836 the pair almost immediately reversed and sank to 0.7733. That could be a topping sign but first, let's look at the chart...
Analytics & Forecasts
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Francis Dogbe, 22 April 2016, 00:09
Only a bit over two months ago, global investors were wildly risk averse and had a laundry list of concerns to fret, from low oil prices and falling equities to uncertainty about when the Federal Reserve might again be raising rates...
Analytics & Forecasts
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Vasilii Apostolidi, 21 April 2016, 23:48 #Fed
Pivot Points Hourly Last Updated: Apr 22, 12:04 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.12719 1.1279 1.12823 1.12861 1.12894 1.12932 1.13003 USD/JPY 109.288 109.374 109.407 109.46 109.493 109.546 109.632 GBP/USD 1.42986 1.43103 1.43152 1.4322 1.43269 1.43337 1.43454 USD/CHF 0.97338 0...
Market News
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Mohammed Abdulwadud Soubra, 21 April 2016, 23:11
Not a lot was expected to come out of today’s ECB meeting and press conference, and so it proved...
Analytics & Forecasts
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Francis Dogbe, 21 April 2016, 23:08
Pivot Points Daily Last Updated: Apr 22, 12:00 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.11278 1.12256 1.12598 1.13234 1.13576 1.14212 1.1519 USD/JPY 107.246 108.364 109.095 109.482 110.213 110.6 111.718 GBP/USD 1.41892 1.42718 1.42995 1.43544 1.43821 1.4437 1.45196 USD/CHF 0.9423 0.95533 0...
Market News
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Mohammed Abdulwadud Soubra, 21 April 2016, 23:07
Firms responding to the Manufacturing Business Outlook Survey reported no improvement in business conditions this month. The indicator for general activity, which rose sharply in March, fell to a slightly negative reading in April...
Analytics & Forecasts
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Francis Dogbe, 21 April 2016, 23:03
The euro spiked against the dollar Thursday after the European Central Bank opted to leave interest rates unchanged, holding on to those gains as President Mario Draghi started his news conference. While its initial reaction to the news was muted, the euro quickly spiked EURUSD, +0...
Analytics & Forecasts
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Francis Dogbe, 21 April 2016, 23:03 #ECB
In a note today, Deutsche Bank outlines 3 reasons behind maintaining its medium term bearish EUR/USD view: First, despite recent Fed dovishness, the real rate differential between Europe and the US is not signaling a large divergence in FX versus monetary policy expectations...
Analytics & Forecasts
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Vasilii Apostolidi, 21 April 2016, 22:01 #forex
The main message from today’s ECB meeting was that ECB is in implementation mode, as Draghi said the ECB policies work but must be given time...
Analytics & Forecasts
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Vasilii Apostolidi, 21 April 2016, 22:00 #forex