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On the first of February, just before the BOJ’s bungled attempt to ease monetary policy, the Bloomberg consensus for USD/JPY in Q4 2016 was 125, with a range of 110-134. Today, the consensus is 118, the range 100-131. That is about as confused as the FX market ever gets...
Analytics & Forecasts
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Vasilii Apostolidi, 6 April 2016, 17:18 #forex
Strategists at Westpac believe the US dollar could resume its downside in the short term. “A spike in risk aversion may save the USD on selected crosses near term but the beyond that the lacks underlying support”...
Analytics & Forecasts
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Vasilii Apostolidi, 6 April 2016, 16:52 #forex
Because traders and investors forget on history soon, it is good to remind some big history events in trading history. Today it's flash crash from May 6, 2010. For a very long time, there were rumors about the cause of this event...
Trading Systems
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Algofxsolution, 6 April 2016, 16:07
Today’s Fed minutes could undermine the risk rally further especially if they highlight that there was a range of views on the pace of rate normalization in March...
Analytics & Forecasts
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Vasilii Apostolidi, 6 April 2016, 15:43 #forex
Since it hit a new five-month low below 1.2900 late last week on the last day of March, USD/CAD has rebounded to hit a high briefly above 1.3200 resistance as of Tuesday...
Currency
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Francis Dogbe, 6 April 2016, 14:52
NZX has received formal approval from the Financial Markets Authority and the Reserve Bank of New Zealand for its proposed milk price futures and options contracts, expected to launch in May 2016...
Market News
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Francis Dogbe, 6 April 2016, 14:49 #Trading, forex
Westpac's strategic call to sell the GBP to USD pair on anticipation of a deep decline has proven right so far and there is still further to go before the initial target is met. It is not too late to ride the GBP/USD train to lower levels. The exchange rate is forecast to weaken to below 1...
Analytics & Forecasts
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Vasilii Apostolidi, 6 April 2016, 14:25 #forex
Motivation: You want to work with the machine (Surfing, Editing Files, no big thing...) while you are performing back testing? This is valid for MT4 and MT5 and also applies to other Windows versions. 1...
Other
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Lars Rompe, 6 April 2016, 14:25
The Canadian government has projected that the change in fiscal stance will add 0.5ppt to real GDP growth this fiscal year, notes BTMU...
Analytics & Forecasts
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Vasilii Apostolidi, 6 April 2016, 14:22 #forex
GBP's performance against USD is lagging compared to its other G10 counterparts. Brexit fears continue to weigh on GBP, our G10 FX PIX indicator shows GBP short positioning increased further last week and is now at extreme levels, a lot is already priced in now for the EU referendum...
Analytics & Forecasts
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Vasilii Apostolidi, 6 April 2016, 13:42 #forex
FXWIREPRO: EUR/JPY Breaks Strong Trendline Support at 125.26, Good to Sell Rallies EUR/JPY is retreating from last week’s tops just above 128.00, and has breached strong trendline support at 125.26. Momentum studies are bearish, confirming further downside in the pair...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 13:37
China: March Foreign Reserves Data Preview – ING Tim Condon, Chief Economist at ING, suggests that based on stable CNY policy and ING’s house view that USD/Majors will range trade in 2016 they revised their yearend USDCNY forecast to 6.47 from 6.65...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 13:34 #China
USD/JPY: Getting the Markets Confused - SocGen Kit Juckes, Research Analyst at Societe Generale, suggests that on the first of February, just before the BOJ’s bungled attempt to ease monetary policy, the Bloomberg consensus for USD/JPY in Q4 2016 was 125, with a range of 110-134...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 13:29
Dear Traders, The dollar advanced on the back of hawkish comments from Federal Reserve President Eric Rosengren who said that the U.S. may need more rate increases than the market is currently pricing in...
Analytics & Forecasts
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maimarfx, 6 April 2016, 13:28 #FOMC
Brent Oil Strengthens, Ignores Iran Oil Minister’s Comments Brent oil regained poise and clocked a fresh session high of $38.83 levels as traders ignored comments from Iran oil minister which indicate rise in oil supply in near future...
Crude Oil
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Roberto Jacobs, 6 April 2016, 13:27
Euro To Dollar Forecast: EUR/USD Signaling Bearish Trend Euro currency exchange rate vs US Dollar struggling to break $1.1420 resistance. It looks like that the EUR/USD pair may be setting up for a sharp decline in the near term as the investors eye FOMC meeting minutes...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 13:25
FOMC Minutes (March Meeting) - Wed 4/6 - 2:00 PM ET BofAML: The dichotomy between dovish remarks from Fed Chair Janet Yellen and more hawkish comments by several of her colleagues on the Federal Open Market Committee (FOMC) sets the stage for the March minutes...
Analytics & Forecasts
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Vasilii Apostolidi, 6 April 2016, 13:21 #forex
US: Better ISM Data Coupled with Weaker GDP and Profit Concerns - MUFG Derek Halpenny, European Head of GMR at MUFG, suggests that the US data continues to provide mixed signals on the outlook for the economy that would appear at least for now to back up the need for caution, expressed by Chair Y...
Market News
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Roberto Jacobs, 6 April 2016, 13:16
As a result of a powerful wave of decline observed on Tuesday, #USDJPY has reached the lower limit of the trading range that was relevant for the past two months. The yen is growing despite the Bank of Japan's actions. Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 6 April 2016, 13:16 #Trading
Quotes of #USDCAD have reached the resistance line of the descending medium-term trend, where bulls took a timeout. The dynamics of oil prices traditionally had an influence on the loonie - so the bears in this market have intensified. Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 6 April 2016, 13:14 #Trading