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GBP/USD Off Highs, Back Below 1.4400 After climbing as high as 1.4450 earlier in the session, GBP/USD has now eased some pips and returned to the 1.4400 neighbourhood...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 11:55
AUD/USD Could Visit 0.7850 – Commerzbank The Aussie dollar could see its upside extended towards the mid-0.7800s vs. the greenback, according to Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “AUD/USD has seen a strong recovery off the 23.6% retracement support at...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 11:53
USD/CAD Faces Double Whammy, 1.30 Tested The USD/CAD pair staged almost a 40-pips recovery from just ahead of 1.30 handle, now attempting to regain 1.3050 amid broad based US dollar weakness. USD/CAD drops for the 3rd straight session Currently, the USD/CAD pair drops -0.23% to 1...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 11:48
USD/JPY Top in Place? – UOB The research team at UOB Group suggested that a top near the 114.00 could be in place for USD/JPY. Key Quotes “The expected corrective rebound has likely topped out at 113.80 yesterday (falling short of our target at 114.00)”...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 11:46
Buy the Dips Towards 112.00 in USD/JPY – Westpac In view of strategists at Westpac, pullbacks towards the 112.00 handle are considered as buying opportunities. Key Quotes “Last week’s soft PMI data confirms the industrial sector is doing it tough (new orders at lows back to Jan 13...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 11:44
Brent Oil Trims Gains, USD Sell Off Stalls Brent prices backed off from the session highs as broad based USD selling appears to have run out of steam ahead of US ADP payrolls report release. Rejected at $39.81 Prices clocked a high of $39.81 largely on the back of USD selling in early Europe...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 11:41
Euro Zone is Not in Deflation – ECB’s Villeroy ECB’s Governing Council member Francois Villeroy de Galhaud has argued that negative inflation figures in the region are temporary, while he sees them picking up pace in the second half of the year...
Market News
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Roberto Jacobs, 30 March 2016, 11:37
FXWIREPRO: South African Rand Hits Fresh 3-Month High Against US Dollar, Good to Sell on Rallies USD/ZAR is currently trading around 14.9240. It made intraday high at 15.22 and low at 14.89 levels. South Africa's rand breaks through 15...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 11:35
Technical analysis of EUR/JPY for March 30, 2016 General overview for 30/03/2016: The supply zone has been violated, but the market looks weak at the current levels. However, the wave progression inside this upward structure does not look too impulsive so far; it is more like a zig-zag structure...
Technical Analysis of USD/CAD for March 30, 2016 General overview for 30/03/2016: The alternative count with the truncated wave V turned out to be the correct one, and a deep and sudden correction followed break-out of the 1.3140 level...
Technical Analysis of GBP/CHF for March 30, 2016 Technical outlook and chart setups: The GBP/CHF pair is trading at 1.3905/15 levels for now, looking to rally and hit 1.4050 levels at least before producing a meaningful retracement lower...
Technical Analysis of Gold for March 30, 2016 Gold prices bounced yesterday towards our target area of $1,235-40 as expected by our analysis. Gold has now reached an important short-term resistance. If the price manages to break above $1,250 we could even see new highs towards $1,300...
Technical Analysis of AUD/USD for March 30, 2016 AUD/USD is expected to hit the target of 0.7660. The pair keeps challenging the first upside target at 0.7660 after the overnight surge...
Technical Analysis of USD/CHF for March 30, 2016 USD/CHF is expected to trade in a lower range. The pair remains under pressure after yesterday's downside breakout of its key horizontal level at 0.9715. The previous support now plays a resistance role, which should limit any upside room...
Technical Analysis of NZD/USD for March 30, 2016 The upside movement is expected to prevail in the NZD/USD pair. The pair remains strongly on the upside, backed by its rising 20-period and 50-period moving averages. The relative strength index is still bullish above its neutrality area at 50...
Technical Analysis of GBP/JPY for March 30, 2016 GBP/JPY is expected to continue its further upside movement. The pair remains supported by its rising 20-period and 50-period moving averages, and is looking for a higher top. Meanwhile, the relative strength index is mixed to bullish...
Elliott Wave Analysis of EUR/NZD for March 30 - 2016 Wave summary: Stepping back a little to get the perspective right, we are convinced that we have seen an important low at 1.5784 (wave 2 low) and that a wave 3 rally is unfolding...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 11:04
Elliott Wave Analysis of EUR/JPY for March 30 - 2016 Wave summary: Resistance at 127.27 was not able to protect the upside, which calls for a more complex double zig-zag combination unfolding...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 11:01
Technical Analysis of EUR/USD for March 30, 2016 When the European market opens, some economic news will be released such as the Italian 10-y Bond Auction and German Prelim CPI m/m. The US will release economic data too such as Crude Oil Inventories and ADP Non-Farm Employment Change...
Technical Analysis of USD/JPY for March 30, 2016 In Asia, Japan will release the Prelim Industrial Production m/m and the US will release some economic data such as Crude Oil Inventories and ADP Non-Farm Employment Change...