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USD/CHF Climbs to Highs Around 0.9580 The risk-on sentiment keeps CHF-bulls at bay today, pushing USD/CHF to visit session tops in the 0.9580 area. USD/CHF supported near 0.9500 The pair is extending its advance to the vicinity of the key barrier at the 0...
Analytics & Forecasts
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Roberto Jacobs, 8 April 2016, 13:19 #usdchf
JPY Advancing Streak has been Stopped - BBH Research Team at BBH, suggests that the surging yen has been the main feature in the foreign exchange market in recent days, but its advancing streak has been stopped with today's setback. Key Quotes “The greenback briefly dipped below JPY 107...
Currency
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Roberto Jacobs, 8 April 2016, 13:17
UK: Manufacturing Production Fell Much Larger than Expected - TDS Research Team at TDS, notes that UK’s production in the manufacturing sector fell by a much larger than expected 1.1% in February...
Market News
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Roberto Jacobs, 8 April 2016, 13:11
GBP/USD Defends Mild Gains as Poor UK Data Weighs The GBP/USD pair continues to consolidate gains below 1.41 handle over the last hours, as markets digest the latest industrial figures from the UK economy. GBP/USD reverses a spike to 1.4140 The GBP/USD pair trades modestly flat at 1...
Analytics & Forecasts
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Roberto Jacobs, 8 April 2016, 13:02
Daily economic digest from Forex...
Analytics & Forecasts
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EEAnalytics, 8 April 2016, 12:59
EUR/USD is Back Below Hourly 100-MA Minor bullish move in EUR/USD fell apart around 1.1390-1.14 levels and the pair is back below hourly 100-MA level of 1.1382 levels. Range intact The currency pair remains restricted in a week long range of 1.1438-1.1335...
Analytics & Forecasts
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Roberto Jacobs, 8 April 2016, 12:57
Eurozone: What More Can be Done? - BNPP Research Team at BNP Paribas, suggests that despite concerns at the beginning of the year, the effect of financial stress on Eurozone growth should remain contained...
Analytics & Forecasts
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Roberto Jacobs, 8 April 2016, 12:52
Fed: Speakers Cause More Noise than Data - Investec Research Team at Investec, suggests that last night we saw Federal Reserve Chair Yellen take part in a discussion with former Fed Chairs Bernanke, Greenspan and Volcker...
Analytics & Forecasts
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Roberto Jacobs, 8 April 2016, 12:47 #Fed
ECB: Members Expressed Concerns About Further Cut in the Deposit Rate - Rabobank Stefan Koopman, Market Economist at Rabobank, suggests that there was a broad agreement among the members of the Governing Council that the inflation and growth outlook had deteriorated since the meeting in December...
Currency
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Roberto Jacobs, 8 April 2016, 12:39 #ECB
We have long argued that, with a number of major central banks reaching a lower bound for nominal policy rates, real rates should become key for G10 FX. This is because at the lower bound, non-conventional policies increasingly work through inflation expectations...
Analytics & Forecasts
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Vasilii Apostolidi, 8 April 2016, 12:36 #forex, EUR/USD
ECB Minutes Showed Some Disagreement - Investec Research Team at Investec, suggests that in Europe, some attention was also paid to the release of the ECB minutes from their meeting four weeks ago...
Analytics & Forecasts
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Roberto Jacobs, 8 April 2016, 12:33
JPY: Partial Reversal but Upside Risks to Persist - MUFG Derek Halpenny, European Head of GMR at MUFG, suggests that the Japanese Finance Minister Aso spoke in early Tokyo trading today helping to stem the relentless buying of the yen, expressing concern over the “excessive” and “one-sided” moves...
Currency
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Roberto Jacobs, 8 April 2016, 12:28
EUR/USD: Neutral: Likely in a broad 1.1330/1.1495 range. EUR touched 1.1453 yesterday but dropped quickly from the high. We continue to hold a neutral view but the shorter-term undertone is not as positive anymore and a clear break below 1...
Chinese FX Reserves Increase Supported by USD Weakness - Rabobank Stefan Koopman, Market Economist at Rabobank, notes that against all odds, Chinese FX reserves increased by USD 10bn, ending up at USD 3,213bn in March...
Currency
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Roberto Jacobs, 8 April 2016, 12:26
Commodity Dollars at Risk on Dour Mood Before 1Q Earnings Season Talking Points: Commodity bloc FX recovers, Yen falls as risk appetite firms in Asian trade Quiet economic data docket puts sentiment trends in focus into the week-end Worries about soft 1Q earnings season may unleash renewed risk a...
Pre US Open, Daily Technical Analysis Friday, April 08, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: key resistance at 1.1405. Pivot: 1.1405 Most Likely Scenario: short positions below 1...
USD/JPY Downside is Slowing Down – UOB The research team at UOB Group believes the pair’s downside could run out of steam in the next 1-3 weeks. Key Quotes “When we turned bearish two days ago (see FX Insights on 06 April when spot was at 110...
Analytics & Forecasts
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Roberto Jacobs, 8 April 2016, 12:18
USD/CAD Off Lows, but Stays Below 1.31 as Oil extends Rally The Canadian dollar reversed more than half of previous losses and now remains strongly bid against its US counterpart in Europe, keeping USD/CAD deep in the red below 1.31 handle. USD/CAD capped below 20-DMA at 1...
Analytics & Forecasts
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Roberto Jacobs, 8 April 2016, 12:16
EUR/CHF Keeps the Negative Stance – Commerzbank Karen Jones, Head of FICC Technical Analyst at Commerzbank, has reiterated the negative bias around the cross. Key Quotes “EUR/CHF has recently broken down from a triangle, our bias is negative”. “It has reached the 1...
Analytics & Forecasts
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Roberto Jacobs, 8 April 2016, 12:14 #eurchf
AUD/USD Off Highs, Returns to 0.7540 After advancing to the area of 0.7570, AUD/USD lost upside traction and has returned to the 0.7545/40 band. AUD/USD well supported near 0...
Analytics & Forecasts
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Roberto Jacobs, 8 April 2016, 12:12