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EUR/USD Could Test 1.1465/95 Before a Leg Lower – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s upside could struggle around the 1.1465/95 band, triggering a potential correction lower. Key Quotes “EUR/USD has reached initial resistance at 1.1415/20, the 61...
Analytics & Forecasts
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Roberto Jacobs, 9 June 2016, 08:54
Oil Sits at Fresh Multi-Month Highs, US Draw Underpins Oil benchmarks on both sides of Atlantic continue to flirt with eight-month tops amid ongoing USD selling and falling US crude supplies. US rigs count data eyed Currently, both crude benchmarks are extending into the green, with Brent at 52...
Crude Oil
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Roberto Jacobs, 9 June 2016, 08:51
EUR/USD Wobbles Around 1.1400, Draghi Eyed The single currency has retreated from the area of session highs near 1.1420 vs. the greenback, now taking EUR/USD to the 1.1400 region...
Analytics & Forecasts
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Roberto Jacobs, 9 June 2016, 08:48
Indicators Signaling AUD/NZD is Oversold While intraday moving averages point at a continued AUD/NZD depreciation, the latest momentum readings raise the odds of a minor throwback...
Analytics & Forecasts
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Roberto Jacobs, 9 June 2016, 08:46
Australian Bonds Rally on Brexit, FED Uncertainty The Australian long-term bonds rallied on Thursday, following US trend as rate hike expectations by the Federal Reserve this summer diminished. The US 10-year treasury yield fell below 1.70 percent mark to 1...
Market News
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Roberto Jacobs, 9 June 2016, 08:43
FxWirePro: EUR/AUD Holds 100-DMA Support, Further Weakness Only on Break Below EUR/AUD has taken 100-DMA support at 1.5190 and edged higher to currently trade around 1.5260 levels. Aussie weakness seen after poor Chinese CPI and PPI data earlier today. China CPI data for May came in at +2...
Analytics & Forecasts
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Roberto Jacobs, 9 June 2016, 08:40
FxWirePro: Silver Hits Fresh 3-Week High at $17.20, Stay Bullish XAG/USD is currently trading around $17.17 marks. It made intraday high at $17.20 and low at $16.98 levels. Intraday bias remains bullish till the time pair holds key support at $16.98 marks. A daily close below $16...
Analytics & Forecasts
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Roberto Jacobs, 9 June 2016, 08:36
FxWirePro: Gold Trades Higher on Weak Dollar, Good to Buy at Dips Major Support - $1242 (21 day EMA) Gold has broken major resistance $1256 (trend line joining $1303 and $1288) and jumped till $1266 at the time of writing. It is currently trading around $1261.8...
Analytics & Forecasts
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Roberto Jacobs, 9 June 2016, 08:34 #gold
USD/SEK 4 Hour RSI Allowing a Rally USD/SEK could find itself on the verge of a near term move to the upside. A potential bullish swing failure in the RSI(14) during the last couple days tilted the risk to the upside for the this currency pair...
Analytics & Forecasts
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Roberto Jacobs, 9 June 2016, 08:31
Market Movers for the Day – Danske Bank Research Team at Danske Bank, lists down the key economic releases from across the globe for the day...
Market News
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Roberto Jacobs, 9 June 2016, 08:28
EUR/GBP Back to Test 0.7850 Ahead of Draghi? Fresh bids in the cable coupled with a retreat in the EUR/USD pair, dragged the EUR/GBP cross from 0.7870 region to revisit daily lows struck at 0.7851 in early Asia. EUR/GBP hovers around 5-DMA Currently, the EUR/GBP pair trades almost unchanged at 0...
Analytics & Forecasts
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Roberto Jacobs, 9 June 2016, 08:25
USD/CHF Suppressed Below 0.9600 at Fresh 5-Week Low The US Dollar continues to face selling pressure while the Swiss Franc is supported by safe-have flows on uncertainty surrounding the UK-EU referendum, with the USD/CHF pair now trading below 0.9600 handle...
Analytics & Forecasts
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Roberto Jacobs, 9 June 2016, 08:18 #usdchf
UK: Will FX Vol Price Action be Repeated...
Currency
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Roberto Jacobs, 9 June 2016, 08:13
Commodities Stronger Across the Board Led by Oil – ANZ Research Team at ANZ, notes that oil closed yesterday stronger after EIA data showed inventories in the US fell 3.23 million barrels to 532.5 million barrels. Key Quotes “This was tempered by an increase in crude production of 10kb/d to 8...
Market News
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Roberto Jacobs, 9 June 2016, 08:09
FxWirePro: AUD/USD Unable to Hold Above 0.75 Handle, Breaks Support at 0.7472, Good to Sell Rallies AUD/USD rejected at session highs by 0.7504, edges lower after poor Chinese CPI and PPI numbers dents Aussie bulls. China CPI data for May came in at +2.0% y/y versus +2.2% expected and against +2...
Analytics & Forecasts
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Roberto Jacobs, 9 June 2016, 08:06
FxWirePro: USD/INR Opens Higher at 66.53, Intraday Bias Remains Bullish USD/INR is currently trading around 66.63. It made intraday high at 66.63 and low at 66.53 marks. Intraday bias remains bullish till the time pair holds key support at 66.48 marks. A sustained break below 66...
Analytics & Forecasts
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Roberto Jacobs, 9 June 2016, 08:03
Nikkei down Over 1 Pct While China Close on the Dragon Boat Festival, Gold steady Above $1260 Major Asian indices are trading on a lower note on Thursday. Today BOK unexpectedly cuts the interest rate by 25bp to 1.25 % vs 1...
Market News
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Roberto Jacobs, 9 June 2016, 08:01
Guide to Today's Important Data and Events Lots of economic dockets scheduled for today and all with low to medium volatility risks associated. Data released so far – China – CPI declined -0.5% in May, up 2% from a year back. PPI is down -2.8% from a year ago. Upcoming –...
Analytics & Forecasts
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Roberto Jacobs, 9 June 2016, 07:57
Tumble in EUR/SEK Volatility EUR/SEK ATR(14) is at minimums across several time frames, from 30min to daily charts. Volatility shrunk to levels not seen in several weeks of trading independently from trend direction...
Analytics & Forecasts
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Roberto Jacobs, 9 June 2016, 07:54
USD/CAD Remains Weak Below 1.2700 Handle Rising oil prices and deteriorating expectations of a Fed rate-hike continues to boost the Canadian Dollar, with the USD/CAD pair trading close to a 5-week low level of 1.2655 touched on Wednesday...
Analytics & Forecasts
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Roberto Jacobs, 9 June 2016, 07:51