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JPY Remains Bid in the Short-Term – Rabobank The Japanese safe haven could remain well supported in the near-term, suggested Jane Foley, Senior FX Strategist at Rabobank...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 14:44
AUD/USD Still Bearish Near-Term – UOB Analysts at UOB Group have reiterated the bearish perspective for the Aussie dollar in the next weeks. Key Quotes “The 0.7410 target first indicated two days ago was met as AUD dropped sharply after RBA revised its inflation forecast lower”...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 14:41
Oil Trading Below $44.00 ahead of US Jobs Data WTI crude oil edged lower on Friday as focus shifts back to fear of oversupply, shrugging-off worries of supply disruptions in Canada and Libya. Currently, oil is trading with a cut of 1.5% at $43.65 and over 5% from $46.04 high touched on Thursday...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 14:38
RBA Signals Potential for More Easing - MUFG Derek Halpenny, European Head of GMR at MUFG, notes that the RBA today released its quarterly monetary policy statement and perhaps after easing its monetary policy stance this week, we should not be surprised to see some notable downgrades to inflatio...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 14:32 #RBA
EUR/CHF Climbs to 1.1060, Session Highs The upbeat tone around the single currency remains unchanged today, now pushing EUR/CHF to test daily highs in the 1.1060.70 band. EUR/CHF focus on Payrolls The cross seems to have finally broken above the psychological 1...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 14:28 #eurchf
GBP/CAD at Day's Peak ahead of Canadian Employment Data The GBP/CAD pair maintained its bid tone and has now moved to five week peak of 1.8678 ahead of the monthly Canadian labor market report for April due today. Extending its recovery from the lowest level since Jan...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 14:26
US NFP Preview: Setting the Tone – ING Research Team at ING, suggests that a solid jobs data could spark a near-term USD revival and April jobs report might uphold the stagflationary trend in US data...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 14:05
Trading EURUSD technically. Current price : 1.14224. Looking to short rallies to 1.4551-1.15. Only close above 1.15 will get us on the way to 1.20. First hourly support is at 1.1367 (123.6 Fib extension). Strategy for today : Short rallies to 61.8 - 78.6 fibs...
Analytics & Forecasts
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Elena Peters, 6 May 2016, 14:00
AUD/USD Slammed to 9-Week Low on Dovish RBA As we head towards today's key release, US monthly jobs report, the AUD/USD pair extends the slide to currently trade near fresh nine week low level of 0.7360...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 13:56
FxWirePro: NZD/CAD Faces Resistance at 200 Day MA, Good to Sell on Rallies Major Resistance - 0.8865 (200 day MA) NZD/CAD has declined after making a high of 0.8865. It is currently trading at 0.8785. Short term trend is still weak as long as resistance 0.8865 holds. Any indicative break above 0...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 13:54
FxWirePro Medium Term Outlook: Euro to Drop 1400 Pips Against Loonie Euro is not and definitely not will be immune to Brexit. French may declare that Sterling will drop more than 20% against Euro but that may not turn out to be the case...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 13:42
EUR/GBP Could Drop to 0.75 in 3-Month – Rabobank Senior FX Strategist at Rabobank Jane Foley sees the possibility that the European cross could test 0.75 in 3-month view...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 13:34
US Nonfarm Payrolls: A Step Down in Net Hiring - Nomura Research Team at Nomura, expects the Bureau of Labor Statistics (BLS) to report that US nonfarm payrolls increased by a net 175k jobs in April (Consensus: 200k), suggesting a step down in net hiring from 215k in March...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 13:31
US NFP Preview: 9 Major Banks Expectations from the April Release We are closing in on the April’s release of US Non-Farm Payrolls data. The following are the expectations as forecasted by the economists and researchers of 9 major banks...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 13:29
CAD Jobs Report: What to Expect of USD/CAD? Canadian labour market will publish its monthly report early in the NA session today, with consensus expecting the Employment Change to have increased by just 1K during April, while the jobless rate is seen ticking higher to 7.2% from March’s 7.1...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 13:21
US Non-Farm Payrolls Preview: What to Expect of EUR/USD? The USD selling has gained further traction as we progress towards the US jobs release, with the EUR/USD pair staging a minor-rebound above 1.14 handle...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 13:18
Technical Analysis of US Oil for May 06, 2016 After breaking the descending channel the US oil continued rising and met the resistance at 46.00 which is the 23.6% Fibonacci applied to the channel breakout point. This level was rejected twice...
In our latest update on ES-Mini, Will that Support Zone Hold?, we discussed the current complex structure that the market has created. It has traded in a downward channel around 2040-2070 levels...
EUR/GBP Turns Negative but Holds 50-Day SMA Support The EUR/GBP pair attracted fresh offers from 0.7900 neighborhood and swung back into negative territory to currently trade flat at Thursday's closing level of 0.7874. After yesterday's fall from 0.7927 level to 0...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 12:50
EUR/USD Pushes Higher, Near 1.1430 ahead of NFP The single currency keeps its buoyant tone at the end of the week, lifting EUR/USD to session tops near 1.1430. EUR/USD stronger ahead of Payrolls The pair is rebounding from weekly lows in the 1...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 12:46