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US Home Sales and Construction Activity to Continue Growing, Existing Homes Sales Likely Improved in April The US NAHB Market Index in May stayed at 58 for the fourth straight time. Consensus forecast was for a slight increase to 59...
Market News
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Roberto Jacobs, 17 May 2016, 07:55
RBA Rate Cut a Close Call, Highlights Board Meeting Minutes The Reserve Bank of Australia minutes of the Board meeting highlighted that the decision of the central bank to ease interest rates is a close call...
Currency
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Roberto Jacobs, 17 May 2016, 07:51 #RBA
FxWirePro: Go Long on XAG/USD at $17.22 With Stop Loss at $17.09 and Target of $17.46 XAG/USD is currently trading around $17.24 marks. It made intraday high at $17.25 and low at $17.08 levels. Intraday bias remains bullish till the time pair holds key support at $17.09 marks...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 07:48
FxWirePro: EUR/AUD Supported Above Daily Cloud, Weakness Only on Break Below EUR/AUD saw sharp downside as Aussie buoyed post RBA minutes which saw markets push out rate cut bets. The pair saw steep slump from 1.5537 levels to hit session lows at 1...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 07:45
FxWirePro: Gold Hovers Around $1280, Good to Buy on Dips XAU/USD is currently trading around $1279 mark. It made intraday high at $1280 and low at $1273 levels. Intraday bias remains bullish till the time pair holds immediate support at $1270 marks...
Metals
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Roberto Jacobs, 17 May 2016, 07:42
FxWirePro: AUD/JPY Struggles to Hold Gains Above the 80 Handle, Bias Higher AUD/JPY has re-taken the 80.00 handle post RBA minutes which showed that the members were not so dovish at the May 3rd meeting...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 07:40
Asian Markets Mix, Gold Back Above $1280 Major Asian indices are trading on a mix note on Tuesday morning. On the other side, Japanese Yen hovers around 109.00 marks against US dollar and Gold gains in early and trading back around $1280. Japan's Nikkei 225 index rallied 0.90% to 16,615.47 points...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 07:37
EUR/USD Keeps Range Below 5-DMA ahead of EZ Data Having faced rejection at 5-DMA, the EUR/USD pair turned slightly lower and now consolidates in a slim range above 1.1310 region. EUR/USD awaits fresh impetus from EZ, US data Currently, EUR/USD trades modestly flat at 1...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 07:35
USD/JPY Struggles with 109 Handle as Nikkei Pares Gains The USD/JPY pair is seen wavering below 109 handle since mid-Asia, unable to regain the last as persisting risk sentiment appears to taking a beating amid mixed Asian markets...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 07:32
Key Events for the Day – Rabobank Michael Every, Head of Financial Markets Research at Rabobank, lists down the key events for the day ahead. Key Quotes “Today will be supplying us with a few numbers to satiate our demand...
Currency
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Roberto Jacobs, 17 May 2016, 07:29
CAD Longs Greatest Since February 2013 – Deutsche Bank Research Team at Deutsche Bank, notes that the IMM data show that investors significantly reduced their bearish positioning in USD, taking implied USD shorts as a fraction of open interest to -5% from -8% in the previous week...
Currency
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Roberto Jacobs, 17 May 2016, 07:22
Short AUD/NZD: A Kiwi Can Fly above a Kangaroo – Nomura Research Team at Nomura, suggests that while there is already a cut priced into the AUD curve for the October meeting, and 1.8 cuts priced into to May of next year, this is not aggressive enough in our view...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 07:15
ECB's Weidmann: Criticism of ECB Policy May be Due to Blurring of Monetary & Fiscal Bounds Speaking in an interview with Die Welt and reported via Reuters, ECB governing council member and Bundesbank President Jens Weidmann noted the following: Criticism of ECB policy may be because some meas...
Currency
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Roberto Jacobs, 17 May 2016, 07:11
NZD/USD Sold-Off Near 50-DMA on RBNZ Inflation Expectations The ongoing bullish momentum in the NZD/USD pair met fresh supply near 50-DMA at 0.6844, following the release of New Zealand’s RBNZ Q2 inflation expectations gauge. NZD/USD deflates from 0...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 07:05 #nzdusd
RBNZ Q2 Inflation Expectations Y/Y Remains Unchanged at 1.6% NZ inflation expectations, the Reserve Bank of New Zealand’s (RBNZ) closely watched gauge, bettered previous surveys. NZ Q2 Inflation Expectations y/y remains unchanged at 1.6% NZ Q2 2 year inflation expectations came in at 1...
Currency
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Roberto Jacobs, 17 May 2016, 07:05
EURUSD Daily Forecast: May 17 2016 EURUSD Forecast The EURUSD was indecisive yesterday. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 1.1200. Immediate resistance remains around 1.1350...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 06:59
GBPUSD Daily Forecast: May 17 2016 GBPUSD Forecast The GBPUSD had a bullish momentum yesterday topped at 1.4414 and hit 1.4493 earlier today. The bias is bullish in nearest term testing 1.4530 region. Immediate support is seen around 1.4450 area...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 06:57
USDJPY Daily Forecast: May 17 2016 USDJPY Forecast The USDJPY didn’t make significant movement yesterday but overall still able to maintain its bullish bias so far, still moving inside the bullish channel as you can see on my H1 chart below. The bias remains bullish in nearest term testing109...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 06:55
USDCHF Daily Forecast: May 17 2016 USDCHF Forecast The USDCHF had a moderate bullish momentum yesterday topped at 0.9784. The bias is bullish in nearest term testing 0.9795 key resistance. A clear break and daily close above that area could trigger further bullish pressure testing 1...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 06:53 #usdchf
FxWirePro: AUD/USD Spikes As Markets Price Out Rate Cuts Post Publication of RBA Minutes Minutes of the May 3rd RBA meeting were not as dovish as expected, AUD/USD spiked past the 0.73 handle...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 06:46