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EUR/USD Revisits Daily Highs Near 1.1365 on Upbeat German IP The EUR/USD pair appears to have found solid support at the mid-point of 1.13 handle, and jumped higher from there to test daily highs following the release of surprisingly positive German industrial figures. EUR/USD looks to test 1...
Analytics & Forecasts
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Roberto Jacobs, 7 June 2016, 08:56
EUR/USD Initial Target at 1.14 – UOB The research team at UOB Group has reiterated its bullish perspective for the pair, adding that the next target remains at 1.1400 in the next 1-3 weeks. Key Quotes “Despite early signs of slowing momentum, another attempt towards 1.1400 seems likely from here...
Analytics & Forecasts
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Roberto Jacobs, 7 June 2016, 08:54
NZD/GBP is Breaking Down - Westpac Imre Speizer, Research Analyst at Westpac, suggests that the Brexit referendum on 23 June has been the dominant influence on the GBP this year. Key Quotes “The risk of a “yes” vote hurt the GBP until April, but more recently markets have played down the risk...
Analytics & Forecasts
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Roberto Jacobs, 7 June 2016, 08:52
EUR/USD Around 1.1350 ahead of German, EMU Data The single currency has deflated from recent highs vs. the greenback, taking EUR/USD back to the mid-1.1300s. EUR/USD capped by 1.1400 The pair remained apathetic despite Chairwoman J...
Analytics & Forecasts
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Roberto Jacobs, 7 June 2016, 08:50
USD/CAD Consolidating the Downside, but Holds 1.2800 The US dollar trades around a flat-line against its Canadian counterpart in early Europe, with USD/CAD extending its side-trend from the Asian trades above 1.28 handle...
Analytics & Forecasts
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Roberto Jacobs, 7 June 2016, 08:37
USD/JPY Off Day’s High but Holds in Green at 107.70 The Japanese currency has failed to extend its last week risk-aversion led gains against the US counterpart, with the USD/JPY moving higher for second consecutive day to inch closer to 108.00 handle...
Analytics & Forecasts
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Roberto Jacobs, 7 June 2016, 08:34
Oil Steadies in Asia ahead of API Inventory Report Oil benchmarks on both sides of Atlantic ease-off fresh multi-month tops on Tuesday, correcting the previous rally, as focus now turns towards the API crude inventory report lined up for release later today...
Crude Oil
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Roberto Jacobs, 7 June 2016, 08:31
AUD/NZD Surge Past 20-DMA After RBA Stands Pat The AUD/NZD cross surged past 20-day SMA resistance near 1.0700 handle with ease after the RBA decided to keep the cash rate unchanged at 1.75...
Analytics & Forecasts
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Roberto Jacobs, 7 June 2016, 08:28 #RBA
AUD/USD Pushes Higher to 0.7440 The Aussie dollar is extending its upside momentum today, now lifting AUD/USD to fresh daily tops in the 0.7440 area...
Analytics & Forecasts
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Roberto Jacobs, 7 June 2016, 08:24
FxWirePro: EUR/AUD Breaks Major Support at 1.5355, on Track to Test 100-DMA at 1.5192 EUR/AUD has broken major trendline support at 1.5355 and is currently trading around 1.53 levels as Aussie spiked post-RBA decision. RBA Board decided to leave the cash rate unchanged at 1...
Analytics & Forecasts
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Roberto Jacobs, 7 June 2016, 08:20
FxWirePro: USD/INR Opens Lower at 66.78, RBI Policy Decision in Focus USD/INR is currently trading around 66.87. It made intraday high at 66.94 and low at 66.78 marks. Intraday bias remains neutral for the moment. A sustained close below 66.77 will tests key supports at 66.56, 66...
Analytics & Forecasts
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Roberto Jacobs, 7 June 2016, 08:15
FxWirePro: Gold Trades Higher on Easing FED Rate Hike Hopes, Good to Buy at Dips Gold is consolidating in a narrow range between $1248 and $1239 after a massive jump on Friday. The Bullion is currently trading at $1242 level...
Analytics & Forecasts
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Roberto Jacobs, 7 June 2016, 07:53 #gold
EUR/GBP: Aggressive Selling Seen on Wrong GBP Move A renewed selling wave gripped the EUR/GBP cross in the late-Asian/ early European trades, mainly driven by strong bullish moves in the cable on an erroneous trade. EUR/GBP: quick reversal onto 0.78 barrier Currently, the EUR/GBP pair drops -0...
Analytics & Forecasts
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Roberto Jacobs, 7 June 2016, 07:39
AUD/JPY Taps 80.00 Handle after RBA Maintains Status-Quo Extending its rebound from multi-month low level for second consecutive day, the AUD/JPY cross surged to tap 80.00 psychological mark after the RBA decided to leave the cash rate unchanged...
Analytics & Forecasts
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Roberto Jacobs, 7 June 2016, 07:35
CHF: Policymaker Shifts on Swiss Interest and Exchange Rates – Wells Fargo Research Team at Wells Fargo Securities, suggests that the interaction between exchange and interest rates for Switzerland illustrate the importance of international factors in determining domestic interest rates...
Currency
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Roberto Jacobs, 7 June 2016, 07:33
EUR, CHF, GBP, CAD, AUD, NZD: Weekly Outlook - Morgan Stanley EUR: Dovish ECB. Neutral. The ECB was more dovish than expected, leaving growth and inflation forecasts for 2017/18 unchanged despite higher oil prices, underlining concerns about future growth prospects...
Analytics & Forecasts
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Roberto Jacobs, 7 June 2016, 07:27
DAILY MARKET OUTLOOK on Major EUR/USD EUR/USD - 1.1357 The single currency's rally to as high as 1.1375 on Friday after the release of much weaker-than-expected U.S. non-farm payrolls data, then to 1.1393 yesterday suggests upmove from last week's low at 1...
Analytics & Forecasts
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Roberto Jacobs, 7 June 2016, 07:23
Japan: Another Huge Fiscal Package is Set to be Announced - Westpac Robert Rennie, Research Analyst at Westpac, notes that after weeks of various “sourced” news articles on whether the planned sales tax increase would be pushed back, Abe announced the tax would be delayed by two and a half years...
Market News
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Roberto Jacobs, 7 June 2016, 07:21
GBP/USD Spikes Almost 200 Pips, Fat Finger? GBP/USD popped up aggressively from 1.4470 session highs all the way towards 1...
Analytics & Forecasts
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Roberto Jacobs, 7 June 2016, 07:16
GBP/USD: Hold on Tight - Rabobank Jane Foley, Research Analyst at Rabobank, suggests that the strength of the US economy and the wider implications for the EU of the UK’s membership referendum have wide ranging implications for global asset markets...
Analytics & Forecasts
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Roberto Jacobs, 7 June 2016, 07:12