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EUR/GBP Keeps Highs Near 0.7880 on German GDP EUR/GBP is posting moderate gains at the end of the week, although a clear break above the 0.7900 handle still remains elusive...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 08:45
AUD/USD Recovery Stalls ahead of 0.7300, US Data Eyed The AUD/USD pair is seen struggling to extend its recovery from ten-week lows over the past few hours, keeping the pair in a flat-lining around 0.73 handle. AUD/USD finds support well above 200-DMA at 0...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 08:08
USD: News and Data Flow Could well Provide Some Fresh Legs - Westpac Richard Franulovich, Research Analyst at Westpac, suggests that the news and data flow next week could well provide the USD with some fresh legs. Key Quotes “April headline CPI for example likely to print as high as +0.4/0...
Currency
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Roberto Jacobs, 13 May 2016, 07:56
Oil Corrects Lower ahead of Rigs Count Data, OPEC Report Oil benchmarks on both sides of Atlantic corrected lower on the final trading day of this week, reversing course from fresh 2016 peaks reached in the previous session on improved demand outlook...
Crude Oil
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Roberto Jacobs, 13 May 2016, 07:53
GBPUSD: 1.4500 -1.4515 On the Upside, 1.4310-1.4325 On the Downside BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 09:00 GMT): EURUSD: 1.1465-1.1480 on the upside, 1.1250-1.1265 on the downside. AUDUSD: 0.7420 -0...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 07:50
Where To Sell USD/JPY? - Credit Suisse USDJPY remains capped beneath resistance from the 61.8% retracement at 109.47, notes Credit Suisse Techs. "We would allow for a consolidation phase here with a break higher needed to see the recovery extend for 109...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 07:45
FxWirePro: USD/SGD Breaks Key Resistance at 1.3723, Intraday Bias Remains Bullish USD/SGD is currently trading around 1.3747 marks. It made intraday high at 1.3759 and low at 1.3727 levels. Intraday bias remains bullish till the time pair holds key support at 1.3723. A sustained close above 1...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 07:40
FxWirePro: Silver Refrains to Sustain Below Key Support at $16.88, Good to Buy on Dips XAG/USD is currently trading around $17.02 marks. It made intraday high at $17.07 and low at $16.86 levels. Intraday bias remains bullish till the time pair holds key support at $16.88 marks...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 07:38
GBP/USD Off-Lows, Flirts with Hourly 100-SMA Having bottomed out near 1.4425 region in early Asia, the GBP/USD pair is making recovery attempts to reclaim the midpoint of 1.44 handle, as dust settles over the BOE aftermath...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 07:35
US: Data Drought Finally Com Research Team at TDS, suggests that the US data drought finally comes to an end today with the release of retail sales, producer prices, business inventories and consumer sentiment...
Currency
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Roberto Jacobs, 13 May 2016, 07:33
USD/JPY: Downside Risks Significantly Reduced - Westpac Robert Rennie, Research Analyst at Westpac, suggests now that Japanese officials appear to have found a voice, it does feel as if the downside risks for USD/JPY have been significantly reduced...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 07:31
EUR/USD Side-Lined Around 1.1375, German, EZ GDP Eyed The EUR/USD pair extends its overnight consolidation phase into late-Asian trades, trading absolutely lacklustre ahead of a data-heavy macro calendar due later today. EUR/USD trades around 20-DMA at 1...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 07:28
AUD: Timing of Another RBA Rate Cut will Cap Rallies - Westpac Sean Callow, Research Analyst at Westpac, suggests that the timing of another RBA rate cut will hang over AUD for some months, capping rallies. Key Quotes “But market pricing of about 20-25% chance for June, 100% by Oct and a 1...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 07:26
NZD/USD: Break Below Four-Month Old Ascending Channel - Westpac Imre Speizer, Research Analyst at Westpac, notes that the NZD/USD has broken below a four-month old ascending channel such that momentum is now pointing downwards, mainly due to the US dollar’s rebound since 3 May...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 07:23 #nzdusd
GBPUSD: Going Through a Consolidation Phase – Lloyds Bank Research Team at Lloyds Bank, suggests that the GBPUSD is currently in a consolidation phase over the 1.4375/65 support region. Key Quotes “The impulsive reversal, after spiking up to 1...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 07:21
Daily Recommendations on Major -EUR/USD DAILY MARKET OUTLOOK Update Time: 13 May 2016 04:18 GMT EUR/USD - 1.1373 Despite the single currency's strong rebound from Tuesday's low at 1.1359 to 1...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 06:49
USDCAD the Trade of the Day Hi Traders, With the latest US Oil inventories data showinglower supplies the Oil price has found a real base. The priceis not only comfortable with the $45-46 handle it’s starting to grind higher. We've had a nice technical break through 45...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 06:45
Guide to Today's Important Data and Events Lots of economic dockets scheduled for today and some with high risks associated. Upcoming – Japan – Bank of Japan (BOJ) Governor Kuroda is scheduled to speak at 3:30 GMT. Tertiary industry index will be released at 4:30 GMT...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 06:37
Asian Markets in Red, Gold Finds Support Above $1262 All the major Asian indices are trading on a lower note on the last working day of the week. On the other side, Gold fails to fall below $1260 marks and trading above $1266 marks...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 06:34
FxWirePro: ASX200 Struggles to Break Above 5380, Good to Sell on Rallies Major resistance - 5380 Major Support - 5300 ASX200 pares early gains made today and slightly declined till 5328 at the time of writing. It is currently trading at 5331...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 06:32