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Elliott Wave Analysis of EUR/NZD for April 27 - 2016 Wave summary: We are still waiting for a break above important resistance at 1.6490 to confirm that an important bottom has been seen at 1.6062. A break above the 1.6490 resistance will call for much more upside towards 1...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 10:56
GBP/USD Recovers Losses, but Stays Below 1.46 on UK GDP The British pound recovers losses and regains bids versus its American counterpart in the European morning, with GBP/USD re-attempting a break above 1.46 handle. GBP/USD bounces-off 1...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 10:53
EUR/GBP Trims Early Gains After UK GDP Release Just ahead of the UK GDP print for the first quarter of 2016, the EUR/GBP pair gained momentum but failed to build on to the early strength and has now dropped below 0.7775 level to currently trade near 0.7765...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 10:50
Elliott Wave Analysis of EUR/JPY for April 27 - 2016 Wave summary: We continue to look for more upside pressure towards 127.77 in red wave iii. In the long term, much higher highs are expected as the large correction from 149.55 most likely ended with the test of 121...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 10:47
Technical Analysis of EUR/USD for April 27, 2016 When the European market opens, some economic news will be released such as the German 30-y Bond Auction, Private Loans y/y, M3 Money Supply y/y, GfK German Consumer Climate, and German Import Prices m/m...
Technical Analysis of USD/JPY for April 27, 2016 In Asia, Japan will release the All Industries Activity m/m and the US will release some economic data such as the Federal Funds Rate, FOMC Statement, Crude Oil Inventories, Pending Home Sales m/m, Goods Trade Balance...
GBP/AUD Awaits UK GDP Release to Build on Today’s Momentum The GBP/AUD surged nearly 400-pips on Wednesday, breaking past 1.9000 psychological mark and testing 1.9200 mark before retracing a bit to currently trade near 1.9110 just ahead of the UK GDP release...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 10:36
EUR/USD Jumps to Test Tuesday’s High Near 1.1335 A sudden bout of buying interest gripped the EUR/USD pair post-European open, with the bulls driving the prices way beyond 1.13 handle. EUR/USD advances ahead of Fed verdict Currently, EUR/USD trades +0.24% higher at 1...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 10:34
Daily Analysis of USDX for April 27, 2016 USDX has been doing strong declines from the April 22th highs, and now we're seeing a strong rebound above the support level of 94.26...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 10:30
Daily Analysis of GBP/USD for April 27, 2016 The H1 chart structure is still bullish, but be cautious when doing intraday trading on the Cable, as it scopes to do another rally toward the 1.4714 level. However, a pullback is expected to reach the support zone of 1...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 10:27
FOMC: All Eyes on the US Central Bank Today – Danske Bank Research Team at Danske Bank, suggests that the key event today is the FOMC meeting, which is set to conclude with merely a statement (no press conference or projections). Key Quotes “We expect the Fed to maintain the target range at 0...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 10:15 #FOMC
NZD: RBNZ on Edge - ING Research Team at ING, favours a stable rates from the RBNZ, but it looks as though it will only be a temporary pause...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 09:59
JPY: Deciphering the Pre-BoJ Data Deluge - ING James Smith, Economist at ING, suggests that the raft of data due just hours before the BoJ releases its April decision is likely to paint a fairly bleak picture, with consumption and inflation both losing steam...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 09:53
Fed to Retain Cautious Stance to Further Tightening - MUFG Lee Hardman, Currency Analyst at MUFG, expects the Fed to retain a cautious stance towards further monetary tightening at tonight’s FOMC meeting...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 09:51 #Fed
FxWirePro: FTSE100 Faces Strong Resistance at 200 Day HMA, Good to Sell on Rallies Major Intraday resistance- 6305 (200 day MA) Major intraday support -6240 (trend line joining 6260 and 6248) FTSE100 has made a low of 6248 yesterday and slightly recovered till 6298 from that level...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 09:45
FxWirePro: Indian Rupee Fails to Break Key Resistance at 66.96, Back Around 66.50 USD/INR is currently trading at 66.53 marks. It made intraday high at 66.59 and low at 66.48 levels. Intraday bias remains neutral for the moment. A daily close below 66...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 09:42
GBP/JPY Reclaims 162.00 Mark Ahead of UK GDP Release Recovering from early dip below 162.00 mark, the GBP/JPY pair has spiked over 60-pips to currently trade near 162.50 level ahead of UK GDP release for the first quarter of 2016...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 09:38
AUD: Record Low Core Inflation Increases Pressure on RBA to Ease – MUFG Lee Hardman, Currency Analyst at MUFG, notes that the Australian dollar has declined sharply in the Asian trading session falling by over 1...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 09:31
GBP/USD Breaks Through 1.46 Ahead of UK GDP GBP/USD has seen aggressive buying flows in early London, sending the exchange rate from 1.4550 low in Asia, to now break the 1.46 area and set new highs at 1.4620 ahead of the UK GDP Q1 preliminary report, due at 8.30 GMT...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 09:28
EUR/AUD Surges to 1.4870 on Weak Australian CPI The EUR/AUD on Wednesday surged to 1.4870 level on the back of a surprise drop in Australian CPI print for March quarter. According to the data release today, Australian headline inflation fell by 0...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 09:22