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FxWirePro: NZD/JPY Holds Major Trendline Support at 73.75, Weakness Only on Break Below NZD/JPY remains capped below 50-DMA currently at 74.83. The pair is trading a narrow range on the day, Doji formation seen on the day till now. NZD/JPY holding strong trendline support at 73...
Analytics & Forecasts
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Roberto Jacobs, 6 June 2016, 10:25
Daily Forex Fundamental Overview Fundamental Analysis Key highlights of the week ended March 4 Euro zone The Euro zone's growth and inflation prospects have weakened and policy makers should take these developments into account when deciding on monetary policy...
Analytics & Forecasts
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Roberto Jacobs, 6 June 2016, 10:20
USD/CAD Forecast June 6-10 The Canadian dollar enjoyed another strong week, as USD/CAD dropped 120 points. The pair closed the week at 1.2927.This week’s key event is Employment Change. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD...
Analytics & Forecasts
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Roberto Jacobs, 6 June 2016, 10:18
Dollar Hammered as Payrolls Disappoint Big On Friday, the US payrolls was very weak as net job creation slowed to 38 000 in May. Markets priced out the chances for a June rate hike. Bond yields, equities and the dollar nosedived. EUR/USD jumped from the mid 1.11 area to the mid-1.13 area...
Analytics & Forecasts
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Roberto Jacobs, 6 June 2016, 10:14
EUR/USD Bullish Above 1.1250 – UOB In opinion of the research team at UOB Group, the pair’s outlook will remain on the bullish side while above 1.1250...
Analytics & Forecasts
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Roberto Jacobs, 6 June 2016, 10:10
UK: Increasing Brexit Risk Weighing Heavily on the Pound - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the pound has weakened sharply alongside the US dollar undermined by the increasing perception of Brexit risk...
Analytics & Forecasts
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Roberto Jacobs, 6 June 2016, 10:08
EUR/GBP Could Struggle Around 0.7905/45 – Commerzbank In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, further upside in the cross could face strong resistance in the 0.7905/45 band. Key Quotes “EUR/GBP has eroded the short term downtrend at .7791 and its 55 day ma...
Analytics & Forecasts
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Roberto Jacobs, 6 June 2016, 10:06
AUD/USD Trims Losses, Approaches 0.7350 The Aussie dollar has managed to bounce off session lows vs. the dollar, with AUD/USD now hovering over the mid-0.7300s. AUD/USD capped around 0.7370 The pair has partially faded Friday’s strong advance to the area of 0...
Analytics & Forecasts
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Roberto Jacobs, 6 June 2016, 10:04
USDCAD - We look to Sell at 1.3010 (stop at 1.3050) USDCAD - Continued downward momentum from 1.3144 resulted in the pair posting net daily losses yesterday. The AB=CD formation target is located at 1.2870. For the last 12 days trading has been broadly confined to the daily Ichimoku Cloud...
Analytics & Forecasts
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Roberto Jacobs, 6 June 2016, 09:56
EUR/USD Off-Lows, Regains 1.1350 ahead of Yellen The EUR/USD pair is seen making minor-recovery attempts from weak German factory data induced drop, although keeps its corrective mode intact ahead of Eurozone datasets. EUR/USD finds support ahead of hourly 20-SMA Currently, EUR/USD trades -0...
Analytics & Forecasts
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Roberto Jacobs, 6 June 2016, 09:52
EUR/USD Eases from Highs, Yellen Eyed The single currency has abandoned the area of recent highs vs. the dollar, taking EUR/USD back to the 1.1345/40 band...
Analytics & Forecasts
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Roberto Jacobs, 6 June 2016, 09:33
USD/JPY Rallies Capped Around 107.50/108.25 – Commerzbank Following the recent sharp pullback, rallies in the pair should remain capped around 107.50/108/25, according to Karen Jones, Head of FICC Technical Analysis at Commerzbank...
Analytics & Forecasts
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Roberto Jacobs, 6 June 2016, 09:28
USD/CHF Attempting a Move Back Above 0.9800 Level After being hammered on Friday, the US Dollar is attempting a broad based recovery on Monday with the USD/CHF pair recording a tepid bounce to 0.9770 level from a near 3-week low level of 0.9753. After rising to a multi-week high level of 0...
Analytics & Forecasts
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Roberto Jacobs, 6 June 2016, 09:26 #usdchf
Nikkei225 Lags on USD/JPY Drop After NFP Shocker Asian Mid-session Market Update: Nikkei225 lags on USD/JPY drop after NFP shocker; Sterling plummets on rising Brexit momentum Economic Data - (AU) AUSTRALIA MAY ANZ JOB ADVERTISEMENTS M/M: +2.4% V -0...
Analytics & Forecasts
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Roberto Jacobs, 6 June 2016, 09:17
EURUSD – Is This Trend Change In Euro Vs US Dollar Key Highlights Euro traded higher against the US Dollar, and there are possibilities of more upsides in EURUSD moving ahead...
Analytics & Forecasts
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Roberto Jacobs, 6 June 2016, 09:12
EURUSD: Reverses Its Two-Week Losses EURUSD: With EURUSD taking back its two-week losses to close on a rally the past week, more strength is envisaged in the new week. Support lies at the 1.1300 level. Further down, support comes in at the 1.1250 level where a violation will aim at the 1...
Analytics & Forecasts
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Roberto Jacobs, 6 June 2016, 09:09
FxWirePro: EUR/GBP Struggles at 0.79 Handle After Gap up Open, Go Long on Break Above Pound sold-off as latest 'Brexit' polls suggests rising possibilities of the UK voting to leave the EU on June 23 EU referendum...
Analytics & Forecasts
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Roberto Jacobs, 6 June 2016, 09:06
EUR/USD: Levels, Ranges, Targets EUR/USD price remains on the floor, short term, means next day usually until the Tuesday changeover. Current price is still working in Friday as is the usual case for currency prices for time immemorial. The big monthly average break is found at 1.1552...
Analytics & Forecasts
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Roberto Jacobs, 6 June 2016, 08:58
Dollar Rope-a-Dope, GBP Brexited Muhammad Ali died Saturday and the idea of a US recovery is on the ropes too but looking back on his career is a reminder that his greatest victory – like a great trade – was when he looked like he was defeated and then stormed back...
Analytics & Forecasts
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Roberto Jacobs, 6 June 2016, 08:55
Oil Swings Higher in Asia, Weekly Supply Reports Eyed Oil benchmarks on both sides of Atlantic kicked-off the week on a firmer note, climbing higher this Monday, and expectant of the weekly crude reserves data from the US amid broad based US dollar correction...
Analytics & Forecasts
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Roberto Jacobs, 6 June 2016, 08:51