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Daily economic digest from Forex.ee Stay informed of the key economic events Friday, June 3rd USD/CAD is trading flat this morning hovering between 1.3090 and 1.310 levels...
Analytics & Forecasts
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EEAnalytics, 3 June 2016, 12:08
EUR/USD Drops to Session Low After EU Retail Sales, Now Eyeing NFP Data The EUR/USD pair failed to capitalize on its initial minor up-tick and turned negative after monthly retail sales number fell short of consensus estimates...
Analytics & Forecasts
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Roberto Jacobs, 3 June 2016, 11:52
Oil Flat-Lined After OPEC Meeting, US Rigs Data Eyed Having witnessed a volatile session a day before, oil benchmarks on both sides of Atlantic trade modestly flat as dust settles over the OPEC meeting aftermath...
Crude Oil
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Roberto Jacobs, 3 June 2016, 11:50
EUR/JPY Could Test 120.00 in The Medium Term – Rabobank Jane Foley, Senior FX Strategist at Rabobank, slipped the chance that the cross could retreat towards the 120.00 area in the next months...
Analytics & Forecasts
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Roberto Jacobs, 3 June 2016, 11:48
EUR/USD Forecast: US Jobs Data Awaited The EUR/USD pair is confined to a 20 pips range ever since the day started, and not far from the base of this week's range, ahead of the release of the US Nonfarm Payroll report. The pair failed to regain the 1...
Analytics & Forecasts
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Roberto Jacobs, 3 June 2016, 11:45
Aussie, Kiwi & Nikkei Fight Back Introduction After poorer retail sales than expected weighed on AUD this week, the currency has risen versus the greenback over the NY and APAC trading sessions...
Market News
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Roberto Jacobs, 3 June 2016, 11:41 #Nikkei
Stocks Rise, Sending S&P 500 and Nasdaq Indexes to Their Highest 2016 Closes - Fed's Evans: Reasonable case can be made for deferring rate hikes until core inflation reaches the Fed's 2% goal. - Fed's Evans: Sees two rate hikes by the end of 2016...
Market News
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Roberto Jacobs, 3 June 2016, 11:35 #S&P 500
EURUSD Maintains Neutral Bias Below 1.12 EURUSD maintains a neutral bias in the short term as it continues to trade sideways in a range of 1.1100 and 1.1220. Downside risk exists as the daily RSI remains below 50 in bearish territory...
Analytics & Forecasts
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Roberto Jacobs, 3 June 2016, 11:31
USD/JPY Well Supported at 108.30/107.65 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, argued the pair should find strong support in the 108.30/107.65 band...
Analytics & Forecasts
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Roberto Jacobs, 3 June 2016, 11:27
GBP/USD Drops and Pops on UK PMI, NFP Eyed The GBP/USD pair stalled its upbeat momentum and fell back towards 1.44 handle, before recovering ground towards 1.4430, where it hovered pre-UK PMI release. GBP/USD: Holds above 1...
Analytics & Forecasts
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Roberto Jacobs, 3 June 2016, 11:25
AUD/USD Off Highs, Back Near 0.7250 The Aussie dollar is trading on a firm note today, lifting AUD/USD to the area of session tops near 0.7270. AUD/USD stronger ahead of Payrolls The pair has reverted yesterday’s pullback to the 0...
Analytics & Forecasts
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Roberto Jacobs, 3 June 2016, 11:19
FxWirePro: FTSE100 Faces Resistance at 61.8% Extension, Good to Sell on Rallies Major resistance- 6290 (61.8% retracement of 6048 and 6433) The index has retraced till 6291 on Tuesday (31st May 2016) and started to decline from that level. It is currently trading at 6243...
Analytics & Forecasts
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Roberto Jacobs, 3 June 2016, 11:16
Daily Forex Fundamental Overview Fundamental Analysis EUR "Economic recovery in the euro area continues to be dampened by subdued growth prospects and a sluggish pace of implementation of structural reforms Additional stimulus is expected from the monetary policy measures still to be implemented...
Analytics & Forecasts
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Roberto Jacobs, 3 June 2016, 10:41 #forex
EUR/CAD 1H Chart: Channel Up Comment: We are short-term bullish on EUR/CAD, but the potential gains are limited. The currency pair is poised for a rally from the 200-hour SMA and the rising trend-line at 1.4580, but the rate is not seen as rising higher than a major resistance area circa 1.47...
Analytics & Forecasts
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Roberto Jacobs, 3 June 2016, 10:38
EUR/USD Keeps Range Near 1.1150 Post-PMIs, Awaits NFP The EUR/USD pair is consolidating the previous slide around the mid-point of 1...
Analytics & Forecasts
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Roberto Jacobs, 3 June 2016, 10:32
Qatari Energy Minister: OPEC Meeting was Positive Because Oil Prices on the Rise Qatari energy minister Al-Sada crossed the wires via Reuters last minutes, making his comments on Thursday’s OPEC meeting...
Crude Oil
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Roberto Jacobs, 3 June 2016, 10:30
Technical Analysis of USD/JPY for June 03, 2016 USD/JPY is expected to trade in a bearish bias. Overnight, US stock indices recorded another stronger session while volumes remained muted. The Dow Jones Industrial Average rose 0.3% to 17838, the S&P 500 advanced 0...
Technical Analysis of USD/CHF for June 03, 2016 USD/CHF is likely to trade with a bullish outlook. The pair bounced off its major horizontal support at 0.9865 and is expected to post further advance...
Technical Analysis of NZD/USD for June 03, 2016 It is expected that NZD/USD extends its upside movement as the bias remains bullish. The pair remains positive on an intraday basis. A strong support base at 0.6770 (since June 1) has formed and allowed for a temporary stabilization...
Technical Analysis of GBP/JPY for June 03, 2016 GBP/JPY is expected to trade with a bearish bias. The pair remains on the downside and is looking for a lower bottom. The relative strength index has been capped by a negative trend line since May 30 and lacks upward momentum. As long as 158...