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FTSE Gains Despite Weak Construction Data The UK blue-chip index is trading in positive territory this morning despite the latest economic release coming in on the soft side. The print of 51.2 for construction PMI in May was below both the 51.9 expected and the previous figure of 52...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 12:35
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, June 2nd USD/JPY rebounded from two-week low witnessed at 108.83 as Nikkei 225 slowed down its falling...
Analytics & Forecasts
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EEAnalytics, 2 June 2016, 12:34
USD/CHF Extends Its Corrective Move Further Below 0.9900 After breaking through 0.9900 handle and a subsequent drop below previous week lows support, the USD/CHF pair extended its near-term corrective move to currently trade at a fresh 2-week low level of 0.9860...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 12:31 #usdchf
ECB Preview: 10 Major Banks Expectations from June Meet As we head towards the ECB’s June meeting, following are the expectations as forecasted by the economists and researchers of 10 major banks...
Currency
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Roberto Jacobs, 2 June 2016, 12:28
USD/JPY Tumbles Through 109.00 - Nothing New from Draghi? Market Drivers June 2, 2016 USD/JPY drops through 109.00 UK PMI Construction 51.2 vs. 52.6 Nikkei -2.32% Dax 0.25...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 12:25
AUD/USD Tumbles to Lows Near 0.7200 The selling pressure around the Aussie dollar is now gathering further traction, relegating AUD/USD to the lower end of the range near the 0.7200 mark...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 12:22
FxWirePro: EUR/SEK Back Above 9.29 Mark, a Sustain Break Above Targets 9.3642 EUR/SEK is currently trading around 9.2932 levels. It made intraday high at 9.2927 and low at 9.2635 levels. Intraday bias remains neutral till the time pair holds key resistance at 9.3039 marks. A daily close above 9...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 12:10
JPY Expected to Depreciate Further in the Medium Term – Danske Bank Jens Sorensen, Chief Analyst at Danske Bank, sees the Japanese currency losing further ground within a year’s time...
Currency
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Roberto Jacobs, 2 June 2016, 12:06
USD/CAD Makes Headway Towards 1.3100, Eyes OPEC Meeting The USD/CAD pair rebounded higher from 1.3050 region post-European, with the prices now extending the bid tone as increased nervousness weighs on the Loonie as the OPEC meeting gets underway...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 12:00
ECB Preview: What to Expect of EUR/USD The European Central Bank will hold its meeting later in the European afternoon. Market consensus expects the central bank to refrain from acting on monetary policy, while it remains in ‘observation mode’ following the recently announced measures...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 11:57
EUR/GBP Supported at 0.7750 Ahead of ECB The EUR/GBP cross failed another attempt to break through 0.7775 levels and drifted lower, reverting to the familiar range above the mid-point of 0.77 handle, before recovering some ground over the last hour...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 11:55
USD Upside Appears Limited – Westpac Richard Franulovich, Strategist at Westpac, sees the upside momentum in the greenback waning ahead of the June FOMC meeting...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 11:52
GBP/USD Fades a Spike to 1.4468 After UK Construction PMI, Drops Back to 1.4435 After an initial downward spike to 1.4417 on disappointment from UK construction PMI, the GBP/USD pair surged and extended its Asian session gains before retracing back to currently trade near 1.4435 level...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 11:50
EUR/USD Bearish Phase Over? – UOB In view of the research team at UOB Group, the recent bearish phase in the EUR/USD seems to have ended. Key Quotes “The sharp recovery in EUR was unexpected and a break above the major 1.1200 resistance would not be surprising (overnight high has been 1.1198...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 11:46
USD/CHF Supported Around 0.9800 – Commerzbank In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could find some support in the 0.9800 neighbourhood. Key Quotes “USD/CHF’s recent high at...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 11:44 #usdchf
Euro Returns to 1.12 Before ECB Convenes - Alpari Yesterday's Trading: As the ECB meeting approaches the euro lifted to 1.12. The price returned back to 1.1150 twice during the American session after stats came out...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 10:51
EUR/USD Buoyant Above 1.12 Ahead of ECB The common currency remains on a firm note in the second half of the week, sending EUR/USD back above the 1.1200 handle...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 10:46
Oil Holds $49.00 Handle, Focus on OPEC Meeting WTI crude oil prices extended its rebound from Wednesday’s low of $47.73 and are currently holding its neck above $49.00 on hopes that OPEC members might revisit their discussion on production ceiling at Thursday's meeting in Vienna...
Crude Oil
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Roberto Jacobs, 2 June 2016, 10:38
Technical Analysis of Silver for June 02, 2016 Technical outlook and chart setups: Silver is seen to be trading at $15.97 levels for now after bouncing off $15.81 levels yesterday. The metal now seems to have formed an intermediary low at $15.81 levels and is looking to rally from here...
Technical Analysis of Gold for June 02, 2016 Technical outlook and chart setups: Gold is seen to be trading at $1,214.00/15.00 levels at this moment. It may be looking to print one last low around $1,197.00 levels before turning bullish...