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US: Weak Start to the Year Reinforcing USD Weakness - MUFG Lee Hardman, Currency Analyst at MUFG, suggests that the US dollar continues to remain on the defensive in the near-term undermined the Fed’s dovish policy shift...
Currency
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Roberto Jacobs, 11 April 2016, 09:41
Pressure Points, Negative Rates and the Fading Risk Rally – Danske Bank Research Team at Danske Bank, suggests that the pressure points are building in financial markets after 1.5 months of risk rally...
Market News
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Roberto Jacobs, 11 April 2016, 09:38
There is no trade call for the session. As always on Mondays I prepared the currency update so you can familiarize with the situation in the markets. Currency Update USD: Employment figures for March were solid with 215,000 jobs added, a rise of 0...
Currency
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Sherif Hasan, 11 April 2016, 09:37
USD/JPY Still Targets 106.63 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, a visit to the 106.60 area remains on the cards. Key Quotes “USD/JPY charted an inside day on Friday as it attempts to absorb some of last weeks sharp falls”...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 09:37
USD Short Remains Moderate - BNPP James Hellawell, Research Analyst at BNP Paribas, lists down the FX positioning analysis data for the week ending 11th April. Key Quotes • “AUD and CAD positioning is light at scores of +1 and -2 respectively while NZD short positions remain large at -27...
Currency
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Roberto Jacobs, 11 April 2016, 09:35
EUR/USD Neutral Near-Term – UOB In opinion of analysts at UOB Group, the pair’s outlook remains neutral in the next 1-3 weeks. Key Quotes “EUR held above the crucial support indicated at 1.1325/30 last Friday (low of 1.1347...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 09:32
Kuroda’s Dovish Comments Fail to Lit a Fire Under USD/JPY Bank of Japan’s (BOJ) Kuroda tried to weaken Yen but stating readiness to do more but failed as the USD/JPY pair remains weak around 107.80 levels...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 09:31
BoE: Most Important Event for the UK – Danske Bank Research Team at Danske Bank, suggests that in the UK, the most important event this week is the Bank of England (BoE) meeting on Thursday. Key Quotes “We expect the BoE to maintain the Bank Rate and stock of purchased assets unchanged at 0...
Currency
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Roberto Jacobs, 11 April 2016, 09:29
Yen to Remain on Rise on Japan's Delicate Intervention Situation – Deutsche Bank Taisuke Tanaka, Strategist at Deutsche Bank, notes that the USD/JPY slid below ¥110 last week and this is the internal base rate for many Japanese exporters in the new fiscal year...
Currency
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Roberto Jacobs, 11 April 2016, 09:27
EUR/USD Bid Above 1.1400, Fed Eyed The shared currency has started the week on a firm tone, with EUR/USD keeping the upside unchanged beyond the 1.1400 handle. EUR/USD attention to Fed, risk Spot manages well to keep the trade in the upper bound of the recent range, hovering over 1...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 09:24
Japanese 10-Year Yield Climbs on Firm Oil Prices The Japanese government debt instrument traded weak on Monday amid tracking strong cues emerging from crude oil prices. The Japanese bonds have been closely following developments in oil markets because of their impact on inflation expectations...
Market News
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Roberto Jacobs, 11 April 2016, 09:01
Technical Analysis of EUR/JPY for April 11, 2016 General overview for 11/04/2016: The current wave development looks to be stopped inside of a possible triangle pattern which is typical for wave (b) correction...
Technical Analysis of USD/CAD for April 11, 2016 General overview for 11/04/2016: The alternative count has been invalidated due to wave one and wave two overlaps. This means the main count is still the correct one and it indicated another possible downward wave progression towards the level of 1...
Gold Clocks Three-Week High Gold jumped to a three-week high of $1252.63 levels in Asia as china’s inflation data triggered speculation that China will continue its loose monetary policy. Trades around $1250 The metal currently trades around $1250, its highest levels since March 23rd...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 08:50 #gold
Technical Analysis of EUR/USD for April 11, 2016 TODAY'S TECHNICAL LEVELS: Breakout BUY Level: 1.1459. Strong Resistance: 1.1452. Original Resistance: 1.1441. Inner Sell Area: 1.1430. Target Inner Area: 1.1403. Inner Buy Area: 1.1376. Original Support: 1.1365. Strong Support: 1.1354...
Last week saw a bit of a change in market dynamics and I have also noticed it in the way how setups presented themselves in my own trading. A look at CNN’s fear and greed index confirms that – the last few weeks have been dominated by extreme greed and markets were in complete risk-on mode...
Analytics & Forecasts
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Francis Dogbe, 11 April 2016, 08:44 #Trading
Technical Analysis of USD/JPY for April 11, 2016 TODAY'S TECHNICAL LEVELS: Resistance. 3: 109.37. Resistance. 2: 108.97. Resistance. 1: 108.57. Support. 1: 108.08. Support. 2: 107.68. Support. 3: 107.27. The material has been provided by InstaForex Company - www.instaforex.com...
Elliott Wave Analysis of EUR/NZD for April 11 - 2016 Wave summary: EUR/NZD is still consolidating the break above the minor resistance line near 1.6665. We continue to look for upside acceleration towards 1.7220 on the way higher to 1...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 08:40
Elliott Wave Analysis of EUR/JPY for April 11 - 2016 Wave summary: We continue to look for a decline to below 122.54 to end red wave iii. Ideally, the low of red wave iii will be seen near 120...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 08:38
Technical Analysis of EUR/JPY for April 11, 2016 Technical outlook and chart setups: The EUR/JPY pair is seen to be trading at 123.00/10 levels for now, looking to push higher provided 122.00 levels hold. A bullish reversal here would push prices towards 126.00 levels at least, if not higher...