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GBP/USD Trims Losses, Eyes 1.4500 The now softer tone in the greenback has helped GBP/USD to erode initial losses and trade closer to the 1.4500 barrier. GBP/USD focus on Payrolls Spot has recovered the smile after bottoming out in the mid-1...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 10:15
Daily Analysis of Major Pairs for May 6, 2016 EUR/USD: After testing the resistance line at 1.1600, the EUR/USD has gone down by almost 190 pips. This has become a threat to the recent bullish bias in the market, and a movement below the support line at 1...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 10:07
Daily Analysis of USDX for May 06, 2016 On the H1 chart, USDX continues to recover above the 200 SMA, and it could pull back from the resistance zone of 93.80 in order to resume the overall bearish bias. However, that scenario could change when a breakout happens above the 94...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 10:02
Daily Analysis of GBP/USD for May 06, 2016 The current structure of the Cable is calling for a bearish continuation below the 200 SMA, and the H1 chart is showing us that the level of 1.4430 could provide a strong support on a short-term basis...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 09:59
US April’s Payrolls Seen at 200K - Rabobank Piotr Matys, EM FX Strategist at Rabobank, suggests that today it is all about the US non-farm payrolls...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 09:57
US NFP: Disappointment May Lead to Adverse Reaction in the USD - TDS Research Team at TDS, suggests that some of the price action in the USD this week partly reflects the optimism expected in headline payrolls and positive calendar effects associated with hourly wages...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 09:53
Risk-off Sentiment Drags USD/JPY Back Below 107.00 Level The USD/JPY pair's early Asian session bump to 107.42 found fresh offers, dragging the pair back below 107.00 handle to currently trade near session low near 106.90. The pair got rejected from weekly high level of 107...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 09:50
EUR/USD Upside Capped in the Medium-Term – Danske Bank Senior Analyst at Danske Bank Pernille Henneberg sees gains in the pair could be limited in the medium-term horizon. Key Quotes “EUR/USD continues slowly lower. EUR/USD is back around 1.14 after touching above 1.16 earlier this week...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 09:22
Downside Risk for US Labour Market Report – Danske Bank Research Team at Danske Bank, suggests that today focus is on the US labour market report for April...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 09:20
Moody’s: Brexit 'May Trigger the Collapse of Fragile EU' In a report published late-Thursday, credit ratings agency Moody’s warned that Brexit could lead to the collapse of the European Union (EU...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 09:16
EUR/USD Clinches Highs Near 1.1420 The shared currency is seeing its buying interest accelerated early in Europe on Friday, pushing EUR/USD to daily highs near 1.1420...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 09:14
FxWirePro Short Term Outlook: Break of 1.05 Likely to Lead Aussie to Parity Against Kiwi Reserve Bank of Australia, in its detailed monetary policy statement released today, has reduced its inflation forecast ahead and signaled more aggressive monetary stimulus...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 09:11
FxWirePro: EUR/AUD Major Resistance 1.5440, Good to Buy Breakout Above Dovish RBA SoMP weighed on the Aussie, pushing EUR/AUD higher. The pair broke above daily cloud and is testing major resistance at 1.5440...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 09:08
Japanese Bonds Rise Modestly in Thin Trade The Japanese government bonds were trading modestly firmer on Friday, succumbing to thin trading activity as Japanese markets opens for first time since Monday after long vacation...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 09:04
EUR/GBP Rebound Gains Momentum, Eyeing 0.7900 Level The EUR/GBP pair bounced-off session low of 0.7865 and rose to a session high of 0.7890 as the shared currency finds some buying interest during early European trading, ahead of the keenly watched NFP data...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 09:00
USD/CHF Defends Mild Gains Below 0.9700 The US dollar keeps the upper edge versus its Swiss counterpart in early Europe, with USD/CHF gradually reversing from near 0.97 handle amid negative Asian equities. USD/CHF rejected at 0.9695 Currently, the USD/CHF pair trades modestly flat at 0...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 08:58 #usdchf
US April Nonfarm: Labor Market to Lose its Lustre - TDS Research Team at TDS, suggests that as domestic momentum continues to slow, the fallout is expected to begin showing up in the labor market, with the pace of employment growth slowing to 188K in April...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 08:54
EUR/JPY Just Holding its Neck Above 122.00 Handle The EUR/JPY pair erased most of its recovery gains recorded during early half of the trading week and has now moved back to proximity of the very important 122.00 handle...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 08:52
USD/CAD Firmer, 1.2900 Around the Corner The Canadian dollar is losing further ground vs. its American neighbor today, lifting USD/CAD to the vicinity of 1.2900 the figure, session tops...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 08:50
USD/JPY Recovers Losses in Sync with Nikkei, Awaits NFP The bulls were rescued by easing risk-off conditions, allowing a tepid-bounce in the USD/JPY pair back towards daily highs. USD/JPY supported at 107...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 08:48