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USD/CAD Tracks Oil Recovery, Drops Below 1.2950 Tracking a sharp slide in crude oil prices on Monday, the USD/CAD pair moved above 1.3000 key psychological level but faded back below mid-point of 1.3000-1.2900 level on Tuesday...
Analytics & Forecasts
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Roberto Jacobs, 10 May 2016, 10:00
USD continues its rebound in trade weighted terms, gaining stability against EUR and appreciating against EM FX. USD/JPY is now shy of the 109.00 level, with the latest JPY weakness being a function of Japanese Fin Min Taro Aso not ruling out FX interventions...
Analytics & Forecasts
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Batur Asmazoglu, 10 May 2016, 09:52
Triangle identified at 10-May-02:30 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.438 within the next 6 hours. Supporting Indicators : Downward sloping Moving Average Resistance Levels : ( B ) 1...
Charts
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Lahcene Ouled Moussa, 10 May 2016, 09:49
FxWirePro: Chinese Yuan falls As China's CPI Remains Stable in April USD/CNY is currently trading around 6.5198 marks. It made intraday high at 6.5224 and low at 6.5140 levels. The CPI rose 2.3% year-on-year in April, in line with market forecasts and unchanged for the third consecutive month...
Analytics & Forecasts
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Roberto Jacobs, 10 May 2016, 09:41
NZD/USD: Technical Picture is Bearish - Westpac Imre Speizer, Research Analyst at Westpac, suggests that the NZD/USD has been stronger than expected so far this year, thanks mainly to the US dollar’s decline. Key Quotes “We still expect it to weaken but now target an upgraded 0...
Analytics & Forecasts
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Roberto Jacobs, 10 May 2016, 09:37 #nzdusd
The USD remains a bullish currency in the longer-term, however the lack of a confirmed rise in core inflation and a cautiously neutral Fed have induced bearish sentiment on the USD in the short term. Dollar weakness is likely to continue until we get some solid tier one US data...
Currency
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Sherif Hasan, 10 May 2016, 09:36
AUD/JPY Extends 3-Day Winning Streak, 80 Handle Tested AUD/JPY extends its recovery mode from three-month troughs, receiving fresh boost from the extension of the risk-on trades in Europe. AUD/JPY advances on yen weakness The AUD/JPY pair now trades +0.66% higher at 79...
Analytics & Forecasts
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Roberto Jacobs, 10 May 2016, 09:35
As is usual for Monday, data events are few and price action is subdued. Ahead we have Factory Orders from Germany, CPI from Switzerland, and House Price Index from the UK – none of which are expected to have any notable impact. Start your week with my prepared most recent currency update below...
Weekly Trends
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Sherif Hasan, 10 May 2016, 09:24
NOK-Longs will Have to Wait – Danske Bank Mikael Milhoj, Senior Analyst at Danske Bank, believes NOK could barely react to another ‘on-hold’ stance by the Norges Bank at its meeting later in the week...
Analytics & Forecasts
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Roberto Jacobs, 10 May 2016, 09:13
EUR/USD Back on the Bids, Re-takes 1.1400 Fresh bids caught the EUR/USD pair ahead of 20-DMA (1.1368) over the last hour, as the US dollar wiped-out gains and turned in the red zone against its major peers amid a data-quiet European session ahead. EUR/USD bounces-off 1...
Analytics & Forecasts
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Roberto Jacobs, 10 May 2016, 09:11
GBP/USD Attempting a Move Past 20-DMA Resistance The GBP/USD pair maintained its bid tone above 1.4400 pivot point, lifting the pair back to day's peak level of 1.4428 during early European session...
Analytics & Forecasts
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Roberto Jacobs, 10 May 2016, 09:08
EUR/GBP Risks a Drop to 0.7654 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the cross could re-visit the mid-0.7600s. Key Quotes “No change - EUR/GBP continues to probe the...
Analytics & Forecasts
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Roberto Jacobs, 10 May 2016, 09:02
EUR/USD Neutral, Could Test 1.13 – UOB Analysts at UOB Group keep the neutral stance on EUR/USD, although it could slip toward the 1.1300 handle in the near term. Key Quotes “We just shifted to a neutral stance last Friday and there is no change to the view”...
Analytics & Forecasts
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Roberto Jacobs, 10 May 2016, 09:01
Oil Trades Mixed, Cautious Before Weekly Inventory Reports Having witnessed a volatile session the day earlier, oil benchmarks on both sides of Atlantic are seen trading directionless in a tight range, as markets await the API inventory report for fresh momentum...
Analytics & Forecasts
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Roberto Jacobs, 10 May 2016, 08:55
USD/CHF Retreats from Highs, Tests 0.9700 The greenback keeps alive its march north on Tuesday, although USD/CHF has retreated from highs and returned to the 0.9700 neighbourhood...
Analytics & Forecasts
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Roberto Jacobs, 10 May 2016, 08:48 #usdchf
GBP/JPY Fast Approaching 20-DMA Near 157.00 Level Extending its smart recovery from sub-155.00 level on Monday, the GBP/JPY pair on Tuesday moved back above 10-day SMA and is now inching closer to 157.00 handle...
Analytics & Forecasts
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Roberto Jacobs, 10 May 2016, 08:44
Loonie Vs. Wti Correlation Study It is quite well known that Canadian Dollar and Oil are closely related since oil is Canada’s major export product...
Analytics & Forecasts
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Roberto Jacobs, 10 May 2016, 08:37
GBP/JPY Breaks Major Resistance, Jump Till 158.50 Is Possible - It is Good to Buy at Dips Major resistance- 156.71 (21 day MA) Major support - 155.85 (7 day EMA) The pair has been consolidating between 156.66 and 153.63 for the past six trading session. GBP/JPY has violated above 156...
Analytics & Forecasts
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Roberto Jacobs, 10 May 2016, 08:32
Australian Bonds Rise Modestly on Dovish Outlook The Australian government bonds were trading modestly firmer on Tuesday as investors were cautious with global markets uncertainty and weak inflation outlook. Also, bonds are higher with global markets uncertain about the US economic outlook...
Market News
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Roberto Jacobs, 10 May 2016, 08:28
China has published the mixed inflation data. The consumer price index was in line with expectations, and the producer price index was slightly better than expected. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...