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FxWirePro: AUD/CAD Finds Stiff Resistance at 0.9542, Good to Sell Rallies AUD/CAD is extending downside from 1-month highs of 0.9545 hit on Tuesday. Intraday bias for the pair is lower, pair finds immediate support at 0.9455 (trendline), then 0.9446 (10-DMA). Major resistance is seen at 0...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 10:39
Daily Technical & Trading Outlook USD/CHF Trend Daily Chart Up Daily Indicators Turning down...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 10:36 #usdchf
EUR/USD Steadies Around 1.1370 as German Yields Drop to Record Lows Little action is seen in the EUR/USD pair in the European session this Wednesday, as the EUR markets have turned cautious amid ECB’s corporate bond purchases and looming Brexit concerns...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 10:32
EUR/GBP Tests Highs Near 0.7840 A bout of selling pressure saw EUR/GBP briefly testing daily highs in the 0.7840 area before deflating a tad to the current 0.7825/20 band. EUR/GBP focus on UK data The European cross is reverting part of Tuesday’s drop to the mid-0...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 10:29
GBP/USD Tracks UK Yields Lower, 1.4500 Tested ahead of UK IP The GBP/USD pair failed to keep gains and dropped sharply to 1.45 handle, mainly driven by fresh selling in the UK yields on increased uncertainty surrounding the EU referendum. GBP/USD fresh bids emerge at 1...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 10:27
EUR/CHF Climbs to Session Tops, 1.10 on Sight? The Swiss franc is now giving away part of yesterday’s strong advance vs. its European peer, sending EUR/CHF to the boundaries of 1.0990...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 10:10 #eurchf
CAD/JPY Faces Resistance at 84.25, Break Above Targets 85/85.50 Major resistance – 84.25 (trend line joining 84.43 and 84.31) Major support – 83.60 (90 H EMA) CAD/JPY has jumped till 84.21 after making a low of 83.74 at the time of writing. It is currently trading around 84.09...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 10:07 #CADJPY
Oil Turns Flat to $50.40, Eyeing EIA Inventory Data for Further Direction After hitting a fresh 8-month high level of $50.54, WTI crude oil prices retraced a bit from session high level to currently trade absolutely flat at Tuesday's closing high level of $50.40...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 10:05
Gold Rises Above $1250 to a Fresh 2-Week High Level Following a minor pull back on Tuesday, dimming expectations of a Fed rate-hike continued assisting Gold to inch higher on Wednesday to currently trade above 50-day SMA resistance at a fresh 2-week high level of $1251...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 09:27 #gold
EUR/NOK Could Grind Lower Near Term – Danske Bank Analyst at Danske Bank Mathias Mogensen expects the cross to slip to lower in the next sessions following a better sentiment around NOK...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 09:22
USD Remains Under Pressure – Westpac In opinion of strategists at Westpac, the greenback’s perspective has somewhat deteriorated following May Payrolls. Key Quotes “Softer US retail sales could weigh on the USD while the FOMC is likely at best neutral if not negative for the USD too”...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 09:16
GBP/USD Clings to Gains Near 1.4550, UK Data Eyed The sterling has retreated from session highs vs. the greenback, now sending GBP/USD to the 1.4550/45 band...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 09:14
AUD/USD: Revisits Daily Lows, China Data-Led Rally Fizzles The AUD/USD pair resumed its corrective slide in early Europe on the back of profit-taking, following a brief spike to fresh five-week peaks post-China trade data release. AUD/USD back below 50-DMA at 0...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 09:09
EUR/USD Stuck in a Narrow Trading Range Below 1.1400 Handle The EUR/USD pair remained stuck in a narrow band around the mid-point of 1.1300-1.1400 handle as market participants continue to evaluate the possibilities of a Fed rate-hike in July...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 09:05
NZD/AUD: Promising for a Move into the 0.92s this Week - Westpac Imre Speizer, Senior Market Strategist at Westpac, suggests last week’s NZD/AUD reversal from 0.9500 to 0.9310 is promising for a move into the 0.92s this week...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 09:03
FxWirePro: EUR/JPY Edges Higher from Session Lows at 121.33, Intraday Bias Lower, Good to Sell Rallies EUR/JPY failed to sustain the recovery and slipped lower from session highs at 121.96 as the JPY bulls fought back control. Data released earlier today showed Japanese Q1 GDP revised to 0...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 08:59
Australian Bonds Rally After World Bank Cuts Global Growth Outlook The Australian government bonds gained on Wednesday as investors poured into safe-haven assets amid deepening global economic growth fears after the World Bank lowered its 2016 global growth forecast...
Market News
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Roberto Jacobs, 8 June 2016, 08:55
World Bank Growth Outlook Sparks Caution Sentiment towards the global economy was dealt a sharp blow during trading on Tuesday following the World Bank's meek outlook on global growth which immediately dented risk appetite. The development lender slashed world GDP for 2016 down to 2.4% from the 2...
Market News
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Roberto Jacobs, 8 June 2016, 08:52
EURCHF - We look to Sell at 1.0990 (stop at 1.1010) EURCHF - Broken out of the channel formation to the downside. The formation has a measured move target of 1.0915. Daily/Weekly Ichimoku Cloud support is seen at 1.0956. The 161.8% Fibonacci extension is located at 1.0958 from 1.1128 to 1.1023...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 08:48 #eurchf
Intra-day Market Moving News and Views (GBP/USD) GBP/USD - ....... The British pound went through a roller-coaster session yesterday as despite initial spike up to 1.4664 (fat finger), price swiftly dropped to 1.4493 at European open. Later, cable staged a recovery to 1...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 08:44