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EUR/GBP Trims Losses, Fails Ahead of 0.7800 After bottoming out near 0.7750 in early trade, the subsequent better tone in euro has helped EUR/GBP to erode the pullback and recover the 0.7780 area. EUR/GBP attention to IFO The sharp decline from cycle highs near 0...
Analytics & Forecasts
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Roberto Jacobs, 25 April 2016, 08:31
GBP/CAD Reclaims 1.8300 Mark The GBP/CAD pair has been steadily recovering from its lowest level since Jan. 2015 and has now moved back above 1.8300 round figure mark. After registering declines for five consecutive weeks, the pair last week witnessed some minor recovery...
Analytics & Forecasts
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Roberto Jacobs, 25 April 2016, 08:29
Gold Rebounds in Asia Amid Negative Equities Gold is seen catching a fresh bid-wave as we progress towards the early European trades, with the bulls benefiting from poor sentiment amid lower stocks and oil prices. Gold picks up strength ahead of Fed decision Currently, gold advances 0...
Metals
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Roberto Jacobs, 25 April 2016, 08:26 #gold
AUD/USD: Expect a Sizeable Decline in H2 2016 - Westpac Sean Callow, Research Analyst at Westpac, continues to expect a sizeable decline in AUD/USD in H2 2016 but it is hard to make the case for a reversal short term...
Analytics & Forecasts
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Roberto Jacobs, 25 April 2016, 08:23
NZD/USD Holding Steady Near 0.6850 but Seems Vulnerable to Further Downside Following a 3-day of continuous sharp declines and breaking below its immediate support near 0.6880 level, the NZD/USD pair bounced a bit to 0.6867 before cooling-off back to 0...
Analytics & Forecasts
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Roberto Jacobs, 25 April 2016, 08:20 #nzdusd
GBP/USD Hits Fresh 6-Week Highs at 1.4470, Then Retreats The GBP/USD pair kicked-off the week on a stronger footing and went on to hit fresh six-month highs at 1.4470 in early Asia, before finding fresh offers at higher levels and now heads closer towards 1.44 handle. GBP/USD back near 1...
Analytics & Forecasts
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Roberto Jacobs, 25 April 2016, 08:17
EUR/USD Firm Near 1.1250 ahead of IFO The single currency has started the week on a firmer note vs. the dollar, taking EUR/USD to the mid-1.1200s ahead of the opening bell in Euroland. EUR/USD focus on IFO Spot has managed to come back from overnight troughs near 1...
Analytics & Forecasts
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Roberto Jacobs, 25 April 2016, 07:44
USD/CNY Forecast to be Lowered – Commerzbank Analyst, Zhou Hao at Commerzbank, suggests that on the Chinese policy front, given the uncertain growth outlook, they still expect the PBoC to cut the policy rates by 25bps in Q2, and broader easing policies will be maintained in China over the remaind...
Analytics & Forecasts
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Roberto Jacobs, 25 April 2016, 07:29
USD/JPY Reverses Sharply, Attacks 111 Again The USD bears fought back control in the Asian trades at the start of the big week ahead, sending USD/JPY sharply lower from two-week tops reached just shy of 112 barrier last Friday. USD/JPY sold-off ahead of 50-DMA at 111...
Analytics & Forecasts
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Roberto Jacobs, 25 April 2016, 07:23
Here’s the market outlook for this week:: Content courtesy of Tallinex Limited https://www.tallinex.com EURUSD Dominant bias: Bearish This pair was bearish last week...
Analytics & Forecasts
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1246536 Ernest G., 25 April 2016, 07:20
USD/CAD: Weakness Has Further to Go - Westpac Richard Franulovich, Research Analyst at Westpac, suggests that the weakness in USD/CAD has further to go, a potentially higher March CPI this week thanks to stronger energy prices may well be a catalyst...
Analytics & Forecasts
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Roberto Jacobs, 25 April 2016, 07:19
Guide to Today's Important Data and Events Few economic dockets scheduled for today and all with low to medium risks associated. Data Released so far – Japan – Corporate service prices up 0.2% y/y in February. Upcoming –...
Analytics & Forecasts
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Roberto Jacobs, 25 April 2016, 07:15
FxWirePro: Indian Rupee Hits Fresh 2-Week Low Against US Dollar, Good to Buy on Dips USD/INR is currently trading at 66.70 marks. It made intraday high at 66.71 and low at 66.65 levels. Intraday bias remains bullish till the time pair holds key support at 66.47 marks. A daily close below 66...
Analytics & Forecasts
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Roberto Jacobs, 25 April 2016, 07:13
FxWirePro: NZD/USD Holds Minor Support at 0.6835, Good to Short Breaks Below NZD/USD has broken strong trendline support at 0.6835 on Friday's trade and is currently trading at 0.6858. The pair is extending declines after upside was capped by channel top at 0...
Analytics & Forecasts
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Roberto Jacobs, 25 April 2016, 07:11 #nzdusd
Brazil: Now what? – Commerzbank Analyst, Peter Kinsella at Commerzbank, suggests that the last week’s vote in Brazil’s lower house of Congress starts the impeachment process in earnest. Key Quotes “Investors can expect a Temer led administration by early May...
Currency
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Roberto Jacobs, 25 April 2016, 07:07
US: FOMC and Q1GDP are Key Highlights – Westpac Richard Franulovich, Research Analyst at Westpac, suggests that the US data pace picks up notably this week, the FOMC and the first estimate on Q1 GDP due (Thu) the key highlights...
Currency
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Roberto Jacobs, 25 April 2016, 07:01
FxWirePro: Gold Range Bound in Asian Hours, Remains Well supported Above $1230 XAU/USD is currently trading around $1233 mark. It made intraday high at $1234 and low at $1229 levels. Intraday bias remains bullish till the time pair holds immediate support at $1227 marks...
Metals
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Roberto Jacobs, 25 April 2016, 06:50
FxWirePro: USD/JPY subdued on Profit Taking, Finds Strong Support at 111.04 USD/JPY remains subdued in early Asian session as markets resort to profit taking at highs. The major broke above strong resistance at 109.90 and took out 110.40 to hit highs of 111.88...
Analytics & Forecasts
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Roberto Jacobs, 25 April 2016, 06:20
Asian Markets Start the New Week on a Lower Note, Gold Above $1230 All the major Asian indices are trading on a lower note on Monday. This week will be important as three central banks will announce monetary policy statements named RBNZ, Federal Reserve and Bank of Japan...
Analytics & Forecasts
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Roberto Jacobs, 25 April 2016, 06:17
EUR/USD Keeps Range Near 1.1250, German IFO Eyed The shared currency rebounds versus its American counterpart in a quiet Asian session, with EUR/USD consolidating near daily tops as focus now shifts towards the German data due later today. EUR/USD finds bids near daily S1 at 1...
Analytics & Forecasts
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Roberto Jacobs, 25 April 2016, 06:13