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The Fed flies under the radar in April. The April FOMC statement was broadly in line with expectations...
Analytics & Forecasts
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Vasilii Apostolidi, 28 April 2016, 12:24 #EUR/USD
The FOMC statement was slightly more hawkish than we had expected in that the previous statement that “global economic and financial developments continue to pose risks “ was deleted, which presumably reflects the better tone of Chinese data recently, and the softer dollar...
Analytics & Forecasts
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Vasilii Apostolidi, 28 April 2016, 12:23 #FOMC
Back to monitoring global developments As was widely expected, the Federal Open Market Committee (FOMC) did not change policy at its April meeting. However, its updated statement nudged the Fed slightly in a less dovish direction, leaving the door open for a June hike in our view...
Analytics & Forecasts
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Vasilii Apostolidi, 28 April 2016, 12:22 #FOMC
The RBNZ kept its policy rate unchanged at 2.25%, against our expectations, but maintained a dovish policy stance, stating that “further policy easing may be required to ensure that future average inflation settles near the middle of the target range”...
Analytics & Forecasts
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Vasilii Apostolidi, 28 April 2016, 12:21
Key to markets is the wording around the risks to the outlook which is usually found in the second paragraph. Back in March, the Fed suggested that “global economic and financial development continue to pose risks” while not giving an explicit assessment of the balance of those risks...
Analytics & Forecasts
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Vasilii Apostolidi, 28 April 2016, 12:19 #FOMC
As we expected, the FOMC took a cautious interpretation of domestic and external developments at its April meeting...
Analytics & Forecasts
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Vasilii Apostolidi, 28 April 2016, 12:18 #FOMC
As expected, the FOMC left interest rates unchanged, and left the door open for a June hike. Whether the threshold is crossed depends on the path of US data between now and then...
Analytics & Forecasts
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Vasilii Apostolidi, 28 April 2016, 12:16
FxWirePro: GBP/USD Faces Strong Support at 1.4450, Good to Buy at Dips Major resistance – 1.4668 (Feb 4th high 2016) Major support – 1.4450 (resistance turned into support) Cable has broken minor support 1.4500 and declined till 1.4470 yesterday...
Analytics & Forecasts
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Roberto Jacobs, 28 April 2016, 12:15
Euro Zone Sentiment Improves As ECB Opens Qe Tap Euro Zone sentiment report showed confidence improved as European Central Bank unveiled new stimulus, more so due to its inclusion of corporate securities. However Brexit possibilities seem to be weighing...
Analytics & Forecasts
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Roberto Jacobs, 28 April 2016, 12:12
USD/JPY: At the 18-Month Lows Again Review and dynamics The forecast we provided in the previous review turns out to be correct (if investors feel disappointed with the Bank of Japan’s decision and comments by the US Fed this week, the pair will continue to decline to the recent lows of 108.00...
Analytics & Forecasts
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Roberto Jacobs, 28 April 2016, 12:07
This is an extension (E2) of our Primary Article - ES Mini: Will it Try for Another Move Up...
Analytics & Forecasts
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AynGannRand, 28 April 2016, 11:59
EUR/USD Testing Highs Near 1.1360, German CPI Eyed The risk-off sentiment intensified in the European session, lifting EUR/USD from near 1.1340 region back towards daily highs heading into the nationwide German CPI report. EUR/USD eyes 1.1400 Currently, EUR/USD trades +0.32% higher at 1...
Analytics & Forecasts
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Roberto Jacobs, 28 April 2016, 11:58
FOMC Monetary Policy: Assessing the Bias FOMC yesterday announced decision of its April’s policy meeting to keep interest rates unchanged and keep it in range of 0.25-0.5%. Let’s look at the monetary policy statement details to assess the bias towards future policy adjustments...
Analytics & Forecasts
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Roberto Jacobs, 28 April 2016, 11:53
FxWirePro: BTC/USD Takes Support Near 21 Day MA, Good to Buy at Dips Major resistance -$470 BTC/USD has broken minor support $450 and declined till $435at the time of writing. It is currently trading around $448...
Analytics & Forecasts
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Roberto Jacobs, 28 April 2016, 11:50
EUR/GBP Fails to Clear 0.7800 Handle The EUR/GBP pair attempted to extend yesterday's recovery but failed to clear 0.7800 handle and has now dropped to 0.7775 level. On H4 chart, the pair has been trending lower within a short-term descending trend-channel formation...
Analytics & Forecasts
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Roberto Jacobs, 28 April 2016, 11:47
In our April 24 trade signal, NZDJPY: Short-Trade Setup!, we started a short position at 76.50 with a stop-loss above the previous high at 77.25. After a series of a-b-cs in the highs and after we got stopped from our short for 10 cents, we are closing the short as... Read More...
Analytics & Forecasts
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AynGannRand, 28 April 2016, 11:13
We as Elliotticians "fear" one thing: Wave 4. It is the hardest thing to be determined, especially when it begins and when it ends. Wave 4 takes many forms and usually is observed to always be the complex one (complex zig-zag, triangle, 7s, 11s or 13s structures...
Wave Count
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AynGannRand, 28 April 2016, 11:12
Technical Analysis of USD/CHF for April 28, 2016 USD/CHF is expected to trade in a lower range as the pair movement is capped by a negative trend line. The pair remains under pressure below its negative trend line, and is likely to post further decline...
NZD/USD Reversing from 0.7000 Vicinity On Thursday, the NZD/USD pair moved higher after RBNZ monetary policy statement to nearly reclaim 0.7000 handle before retracing back below 0.6950 level...
Analytics & Forecasts
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Roberto Jacobs, 28 April 2016, 11:05 #nzdusd
Technical Analysis of NZD/USD for April 28, 2016 NZD/USD is expected to trade in a higher range. The pair posted a strong rebound yesterday, and also jumped above its 20-period and 50-period moving averages. The immediate trend is up now, and the momentum is strong. The previous resistance at 0...