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AUD: Vulnerabilities to Remain – ANZ Research Team at ANZ, suggests that impending risks are not fully priced into the AUD and they continue to forecast a lower AUD by year end. Key Quotes “The AUD has sold-off sharply over the last month...
Currency
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Roberto Jacobs, 27 May 2016, 14:27
Swiss Francs: At the ECB’s Mercy – Commerzbank Dr Jörg Krämer, Chief Economist at Commerzbank, suggests that the Swiss economy has so far coped well with the discontinuation of the EUR-CHF exchange rate floor...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 14:25
EUR/USD Drops to Session Low Ahead of US GDP Release In last one-hour, the US Dollar seems to have gained traction, leading to a sharp decline for the EUR/USD pair back below 100-day SMA support to currently trade at session low...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 14:19
USD/JPY Further Choppy Trade Ahead – UOB USD/JPY is expected to trade in a broad consolidative range between 108.80 and 110.60 in the next weeks, according to analysts at UOB Group. Key Quotes “While the strong 110...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 14:16
GBP: Brexit Referendum Overshadows Everything – Commerzbank Dr Jörg Krämer, Chief Economist at Commerzbank, suggests that on 23 June, a referendum will be held on UK membership of the EU which increases uncertainty which has allowed the GBP to depreciate markedly and the options market also refle...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 14:13
USD/CAD Inches Higher to 1.3040 as Oil Slides Further As oil retreat from the much talked above $50.00 psychological mark, the USD/CAD pair extended its Thursday's bounce off 50-day SMA support to currently trade comfortably above 1.3000 handle at 1.3040. Extending its decline from $50...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 14:10
USD GDP: What to Expect of EUR/USD The main highlight in today’s US docket will be the release of another revision of the GDP figures for the first quarter. Market consensus expects the economy to have expanded at an annualized pace of 0.9%, up from the previous 0.5% gain...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 14:07
EUR/JPY Drops to 122.50, Upside Seems Capped Around 123.00 The EUR/JPY pair remained under pressure and turned lower from 20-day SMA resistance to currently trade near the mid-point of 123.00-122.00 handle. Following its decline below 123...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 14:04
NZDUSD: Having the pair halted its weakness and continued to hold above its Thursday low at the 0.6691 level, there is risk of a follow through higher. Support lies at the 0.6700 level where a break will aim at the 0.6650 level. Further down, the 0.6600 level comes in as the next downside target...
Analytics & Forecasts
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FXTechstrategy.com, 27 May 2016, 13:51 #nzdusd
GBP/USD Bullish Near-Term, 1.4770 on Sight Analysts at UOB Group see the current soft tone in GBP/USD as temporary, while a test of 1.4770 remains on the table. Key Quotes “Instead of extending towards the strong 1.4770 resistance, GBP eased off quickly to touch an overnight low of 1.4650...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 13:21
Gold Weaker Ahead of US GDP The precious metal is extending its bearish note at the end of the week, navigating the area of 3-month lows around $ 1,1215 per troy ounce...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 13:15 #gold
FTSE Poised for Second Successive Weekly Gain Barring a dramatic about turn later today the FTSE 100 is set to post another week of gains after breaking a series of lower closes last Friday...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 13:13
Cable Gets Some Love as Buyers Lift the Quid - G7 on FX: •We affirm our existing exchange rate commitments to market determined fx rates •Will consult closely in regard to actions in fx markets •We reaffirm our commitments to keep markets open, fight all forms of protectionism •We reaffirm our fi...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 13:10
Oil Dips Below $49.00 Mark On Profit-Taking After tapping $50.00/barrel mark on Thursday for the first time since Oct. 2015, WTI crude oil future failed to retain its strength above the psychological mark and the rally fizzled, dragging the commodity lower...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 13:03
EUR/USD Challenges Lows Near 1.1170, US GDP Eyed The single currency is accelerating its daily decline today, sending EUR/USD to the area of 1.1170, or session lows. EUR/USD lower ahead of US GDP Spot is fading yesterday’s spike to the 1...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 13:00
USD/JPY Subdued Below 50-DMA Ahead of US GDP Release The USD/JPY pair eased off from the vicinity of 110.00 handle and has now dipped back below 50-day SMA to currently trade near 109.65, few pips off day's through level of 109.55...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 12:57
JPY: All or Nothing - Commerzbank Dr Jörg Krämer, Chief Economist at Commerzbank, suggests that after three years of Abenomics, the development of the economy and inflation in Japan is disappointing...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 12:54
USD Index: Bulls Continue To Dominate; More Upside In View After Wave 4 on the sharp rise and has reached our minimum upward projections at 95...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 12:50
Gold Rejected at 1HR 50-SMA, but Holds 100-DMA Ahead of US GDP The recovery in the yellow metal from eight-week troughs faltered at hourly 50-SMA located near 1123.50, and from there the spot now reverts towards 100-DMA resistance-turned support at 1216.40...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 12:47 #gold
Daily economic digest from Forex.ee Stay informed of the key economic events Friday, May 27th GBP/USD was trading in 25-pips narrow range between 1.4659 and 1.4682 handling throughout the Asian session. The pair has retreated from almost four-week highs above 1...
Analytics & Forecasts
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EEAnalytics, 27 May 2016, 12:39