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Guide to Today's Important Data and Events Quite a handful of economic dockets scheduled for today and some with high risks associated. Upcoming – Australia – Reserve Bank of Australia (RBA) will announce policy decision at 4:30 GMT...
Market News
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Roberto Jacobs, 7 June 2016, 06:32
AUD/USD Flat-Lined around 0.7370 ahead of RBA The AUD/USD pair trades directionless in a tight range in the mid-Asian session, as the trades remain wary heading into the RBA policy decision due shortly. AUD/USD hovers below 100-DMA at 0.7398 Currently, the AUD/USD pair trades modestly flat at 0...
Analytics & Forecasts
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Roberto Jacobs, 7 June 2016, 06:26
Commodity Shares Rally Drives Asia Higher, China Bucks Trend The stocks on the Asian bourses attempt a tepid-bounce so far this session, as the sentiment remains buoyed by a renewed rally in the commodity shares after markets cheered the news that the commodities’ prices rose by more than 20% sin...
Market News
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Roberto Jacobs, 7 June 2016, 06:22
USD/JPY Catches Fresh Bid, Looks to Test 108 Handle The USD/JPY pair caught a sudden bid-wave and took-out Monday’s high, now rallying towards 108 handle as the bulls gathered pace for the next push higher. USD/JPY eyes hourly 100-SMA at 108...
Analytics & Forecasts
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Roberto Jacobs, 7 June 2016, 06:18
Gold Capped by 50-DMA in Asia, Awaits Fresh Impetus Gold failed to sustain gains and turned into the negative territory over the last hour, as the risk environment improved further amid extended rebound seen in the Asian equities. Gold heads towards $ 1240 mark Currently, gold now trades -0...
Analytics & Forecasts
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Roberto Jacobs, 7 June 2016, 06:15 #gold
FxWirePro: USD/JPY Remains Well Supported Above 107.00 Mark, Faces Strong Resistance at 107.82 USD/JPY is currently trading around 107.76 marks. It made intraday high at 107.82 and low at 107.22 levels. Intraday bias remains neutral till the time pair holds key resistance at 107.82 marks...
Analytics & Forecasts
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Roberto Jacobs, 7 June 2016, 06:12
EURUSD Daily Forecast: June 07 2016 EURUSD Forecast The EURUSD was indecisive yesterday. The bias remains bullish in nearest term testing 1.1470. Immediate support remains around 1.1285...
Analytics & Forecasts
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Roberto Jacobs, 7 June 2016, 06:03
GBPUSD Daily Forecast: June 07 2016 GBPUSD Forecast The GBPUSD attempted to push lower yesterday bottomed at 1.4351 but closed higher at 1.4438. The bias is neutral in nearest term probably with a little bullish bias testing 1.4520/50 region. Immediate support is seen around 1.4400 followed by 1...
Analytics & Forecasts
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Roberto Jacobs, 7 June 2016, 06:01
USDJPY Daily Forecast: June 07 2016 USDJPY Forecast The USDJPY was corrected higher yesterday topped at 107.65. The bias is bullish in nearest term testing 107.70...
Analytics & Forecasts
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Roberto Jacobs, 7 June 2016, 05:59
USDCHF Daily Forecast: June 07 2016 USDCHF Forecast The USDCHF continued its bearish momentum yesterday bottomed at 0.9681. The bias remains bearish in nearest term especially if price able to make a clear break below 0.9670 targeting 0.9600 before targeting 0.9470 this week...
Analytics & Forecasts
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Roberto Jacobs, 7 June 2016, 05:58 #usdchf
FxWirePro: USD/SGD Hovers Around Key Support at 1.3554, Intraday Bias Remains Neutral USD/SGD is currently trading around 1.3575 marks. It made intraday high at 1.3587 and low at 1.3550 levels. Intraday bias remains bullish till the time pair holds key support at 1.3554 levels...
Analytics & Forecasts
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Roberto Jacobs, 7 June 2016, 05:32
FxWirePro: Nikkei225 Recovers After Making a Low of 16250, Good to Buy at Dips Major support - 16,250 ( 50% retracement of 1770 and 14770) Nikkei Index has recovered till 16685 after making a low of 17256. It is currently around 16612...
Analytics & Forecasts
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Roberto Jacobs, 7 June 2016, 05:30
Moody's Publishes New Zealand Covered Bonds Performance Overviews: Q1 2016 Moody's Investors Service has published performance overviews for Q1 2016 for five New Zealand covered bond programs...
Market News
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Roberto Jacobs, 7 June 2016, 05:28
Moody's Publishes Australian Covered Bonds Performance Overviews: Q1 2016 Moody's Investors Service has published performance overviews for Q1 2016 for six Australian covered bond programs...
Market News
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Roberto Jacobs, 7 June 2016, 05:25
FxWirePro: USD/KRW Strongly Holds 1162 Support, Downside Limited USD/KRW is currently trading around 1164 levels. It made intraday high at 1165 and low at 1163 marks. Intraday bias remains bullish till the time pair holds key support at 1162 marks...
Analytics & Forecasts
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Roberto Jacobs, 7 June 2016, 05:23
Intra-Day Market Moving News and Views (USD/JPY) 07 Jun 2016 01:28 USD/JPY - ..... The greenback staged a short-covering rally from yesterday's Australia low at 106.35 to 107.28 in early European morning, then 107.56 at New York midday after Yellen's comments...
Analytics & Forecasts
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Roberto Jacobs, 7 June 2016, 05:20
GBP/USD Better Bid in Asia on Weaker USD, Latest Brexit Poll The GBP/USD pair maintains the bid tone in the Asian session, now consolidating a solid comeback staged in the previous session in response to Yellen’s not so hawkish tone. GBP/USD trades above 5-DMA at 1...
Analytics & Forecasts
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Roberto Jacobs, 7 June 2016, 05:17
RBA Preview - What to Expect in AUD/USD? AUD/USD was bid on broad US dollar weakness overnight after Yellen spoke on the nonfarm payrolls result and monetary policy in a speech in Philadelphia. The risk now comes with the RBA meeting today...
Currency
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Roberto Jacobs, 7 June 2016, 05:06 #RBA
Yellen Removes “In The Coming Months” - Nomura Analysts at Nomura offered a review of Yellen’s speech. Key Quotes: "Federal Reserve Chair Yellen spoke in Philadelphia today...
Currency
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Roberto Jacobs, 7 June 2016, 05:05
USD/CAD Loonie Higher as Commodities Rise The Canadian dollar appreciated against the USD thanks to oil prices gaining as the uncertainty about a U.S. rate hike in June continues. The disappointing U.S...
Analytics & Forecasts
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Roberto Jacobs, 7 June 2016, 04:50