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EUR Finds Support from Cyclical Growth Improvement – ANZ Brian Martin, Research Analyst at ANZ, suggests that the 0.6% q/q rise in Eurozone’s Q1 real GDP has raised expectations that ECB stimulus may finally be raising the pace of growth...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 06:52
EUR/USD Turns Negative Near 1.1480 Amid Light Trading The EUR/USD pair gradually extends to the downside during the mid-Asian trades, moving slightly away from 1.15 barrier, as sentiment remains mixed in Asia amid negative equities and a broadly muted US dollar. EUR/USD capped below 1...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 06:47
Asian Markets Continue to Trade Lower, Gold Hovers Around $1280 Major Asian indices are trading on a lower note on Thursday after US reported lower than expected ADP job data. US ADP employment change fell to 156,000 m/m vs 194,000 jobs m/m previous release...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 06:43
FxWirePro: Aussie Buoyed by Upbeat Data Flow, AUD/USD Edges Higher from 38.2% Fib Support Aussie spiked after the Australian macro releases outpaced expectations. Australia's March retail sales came at 0.4% m/m vs 0...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 06:36
FxWirePro: USD/SGD Fails to Break Key Resistance at 1.3628, Good to Sell on Rallies USD/SGD is currently trading around 1.3558 marks. It made intraday high at 1.3594 and low at 1.3553 levels. Intraday bias remains bearish till the time pair holds initial resistance level at 1.3628...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 06:33
Forex Preview: Canada's Jobs Report (Apr) How y’all doing, forex friends? Canada will be releasing its jobs report this Friday (May 6, 12:30 pm GMT), so if you’re looking to grab some quick pips from Loonie pairs before calling it a week, then this event is your best bet...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 06:02
USD/JPY Deflates from 107.20 Amid Negative Equities The USD/JPY pair fades a spike from daily tops and now reverts to 107 handle, as subdued trading on the Asian equities provides respite to the JPY bulls somewhat. USD/JPY well above 5-DMA at 106...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 05:52
FxWirePro: Aussie Gains Against Major Peers on the Back of Higher Than expected Retail Sales Data AUD/NZD is trading around 1.0872 marks. Pair made intraday high at 1.0875 and low at 1.0827 marks. Today Australia released retails sales data with positive numbers at 0.4% m/m vs 0...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 05:24
Asian Stocks Trade Subdued, Fall for 7th Day in a Row The stocks on the Asian bourses traded largely subdued this Thursday, extending losses for the seventh consecutive session and marking the longest losing-streak of the year...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 05:21
Turkish Lira Sold-off on Turkish PM Resignation USD/TRY is on a tear, having made a trend high of 2.98 before consolidating just above 2.95, following news that Turkish Prime Minister Ahmet Davutoglu is set to step down after disagreements with President Erdogan...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 05:14
Aussie Retail Sales Preview - What to Expect in AUD/USD? AUD/USD is headed for a second weekly bearish close with yet further intra-session selling with the greenback advancing across the board...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 05:09
Oil Climbs 2% in Asia Amid Supply Disruption Fears Oil benchmarks on both sides of Atlantic reversed losses seen earlier this week and rebounded higher, now extending gains into a second day today on the back of rising concerns supply disruptions from Canada and Libya...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 04:50
AUD/NZD Jumps to Test Hourly 100-SMA on Aus Data The Australian dollar spiked higher versus its OZ neighbour in the Asian morning hours, sending AUD/NZD sharply higher towards 1.09 handle on the release of Aus and China macro data. AUD/NZD extends recovery from 1...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 04:47 #AUD/NZD
AUD/USD: Bulls Rescued by Upbeat Aus Dataflow, Nears 0.75 The AUD/USD pair ran through fresh bid and jumped near about 40-pips in a knee-jerk upward spike after the Australian macro releases outpaced expectations. AUD/USD eyes 0.7500 Currently, the AUD/USD pair advances 0.40% to 0...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 04:43
China Caixin Services PMI: Growth Softens Slightly in April China Caixin April services PMI came at 51.8 vs 52.6 expected and 52.2 last, which represents a second consecutive month of expansion. Meanwhile, the composite reading stood at 50.8, down from 51.3...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 04:40
Australia's March Retail Sales Solid, Trade Balance Deficit Shrinks Australia's March retail sales came at 0.4% m/m vs 0.3% expected and 0% last, while the trade balance printed -2,163M vs -2,900M expected and -3,410M last. KEY POINTS Retail sales - current prices The trend estimate rose 0...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 04:39
USD/JPY: Bulls Fighting Back for 107 Handle Its been a vacant week in Tokyo with national holidays, but that has not meant USD/JPY was out on holiday, far from it...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 04:31
Nonfarm Payrolls - "Fuhgeddabouit" ! It is that time again - Nonfarm Payrolls. However, I really do not understand the Fed's nor the market's thinking. I am now ignoring the jobs data nor will I use it as a benchmark on the economy, no matter how much emphasis the Fed put on it...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 04:27
Commodities: Mixed/Bearish Price Action - ANZ Analysts at ANZ noted the action in the commodities sector. Key Quotes: "Precious metals were lower. A slightly stronger USD saw gold edge lower, although investor interest remains strong...
USDJPY On the last post I noted that USDJPY was on a trading range, and the closest zone to watch was between 106.200 – 106.300. Prices reached that zone on the Asian session, and did so on wide high volume bars, breaking-out 106.200 to the downside, which also made the background turn to weak...
Trading Strategies
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Leonardo Barata, 4 May 2016, 20:55