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Technical Analysis of USD/CHF for April 18, 2016 USD/CHF is expected to trade with a bullish bias. The pair managed to hold above its horizontal support at 0.9630, and is now posting some consolidations...
Technical Analysis of Gold for April 18, 2016 Gold continues to trade sideways inside a triangle formation. The trend is neutral as the price is trapped inside a trading range between $1,260 and $1,215...
USD Still Looks Challenged Here - Westpac Richard Franulovich, Research Analyst at Westpac, suggests that the USD still looks challenged here with Q1 growth now a write off the Fed will want to see at least 2-3 months of stronger data to be sure residual seasonality has once again been the culpri...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 09:42
FxWirePro: Silver Faces Strong Resistance at $16.35, Good to Buy at Dips Pattern Formed- Cup and Handle Major Resistance- $16.35 Silver has made a high of $16.35 and slightly declined from that level. It is currently trading around $16.19. Short term trend is bullish as long as support $15...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 09:40 #silver
FxWirePro: EUR/JPY Hit Fresh 3-Year Lows at 121.71, Finds Strong Support at 121.50 EUR/JPY hit fresh 3-year lows at 121.71 as yen strength across the board weighed heavily on the pair. Momentum studies are heavily bearish. Weekly charts confirm further downside. Pair finds strong support at 121...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 09:36
FxWirePro: AUD/CHF Option Strips for Hedging Downside Risks on Gap Down Opening The implied volatility of 1W expiries are spiking at 12.80% and 12.29% for 1 month tenors. We see few near term catalysts for the AUD to retreat from recent gains...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 09:34
Our main strategy followed in the previous week is being tested today. In GBPUSD: Bullish Rally Must Start Soon! we discussed a potential swing long trade and due to the fact that we were on the money for nearly 800pips, we adjusted our stop-loss (read the above post...
Analytics & Forecasts
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AynGannRand, 18 April 2016, 09:32
USD/CHF: Swiss Franc Climbs Higher as Oil Sell-Off Extends The USD/CHF pair met fresh offers in early Europe and dropped further below 0.97 handle, on the back of deteriorating risk conditions as the oil prices extend the slump. USD/CHF testing lows near 0...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 09:30 #usdchf
NZ CPI: Adds to RBNZ Pause Next Week - TDS Research Team at TDS, notes that the NZ March qtr CPI rose by +0.2%/qtr and +0.4%/yr, on par with the RBNZ’s March Monetary Policy Statement (MPS) expectations...
Market News
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Roberto Jacobs, 18 April 2016, 09:24
EUR/USD Dip is a Buying Opportunity - BNPP Research Team at BNP Paribas, are bullish on EUR/USD from current levels and have established a long trade recommendation at 1.1290, targeting a rise to 1.1600, with a stop-loss placed at 1.1140...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 09:21
Technical Analysis of GBP/CHF for April 18, 2016 Wave summary: We continue to look for support at 1.6229 being able to protect the downside for a clear break above 1.6492 that will call for a continuation higher to 1.6830 and above. Only an unexpected break below 1...
Oil Sell-Off Isn’t Helping Gold Oil sell-off and the resulting risk-off in the markets is not helping gold, which has surrendered gains to trade around $1233/Oz levels. Trades below 50-DMA Metal hovers below its 50-DMA level of $1234 levels after having clocked a high of $1240 in early Asia...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 09:14
Doha Talks Add to AUD & CAD Downside Vulnerability - BNPP Research Team at BNP Paribas, suggests that the commodity strategists note that the Doha meeting produced the most bearish outcome for oil prices amongst the various scenarios the market was looking at: no deal, no future calendar and...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 09:10
AUD/USD Sharply Lower After Doha, Around 0.7660 The Aussie dollar is following the rest of the risk associated assets at the beginning of the week, sending AUD/USD to the lower end of the range near 0.7660. AUD/USD finds support near 0...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 09:08
EUR/NOK Seen Lower Medium Term – Danske Bank Analyst at Danske Bank Kristoffer Lomholt expects the cross to head lower towards the second half of the year...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 08:39
ECB in Focus this Week After Failed Doha Talks – Danske Bank Research Team at Danske Bank, suggests that there are no major data releases today...
Market News
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Roberto Jacobs, 18 April 2016, 08:37 #ECB
Gold Bid in Asia on Increased Safe-Haven Flows Gold extends gains for the second straight session this Monday as investors seek safety assets amid oil-driven sell-off across the financial markets. Gold: $ 1240 tested Currently, gold trades 0.17% at 1235.92, retreating from session highs of 1239...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 08:33 #gold
EUR/JPY Focus Remains on 120.00 – Commerzbank Axel Rudolph, Senior Technical Analyst at Commerzbank, noted the cross still remains under pressure. Key Quotes “EUR/JPY remains under pressure and attention remains on the 120.00 region but do not have much to suggest a move beyond that currently”...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 08:30
Elliott Wave Analysis of EUR/NZD for April 18 - 2016 Wave summary: We continue to look for support at 1.6229 being able to protect the downside for a clear break above 1.6492 that will call for a continuation higher to 1.6830 and above. Only an unexpected break below 1...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 08:28
Elliott Wave Analysis of EUR/JPY for April 18 - 2016 Wave summary: On Friday, we saw a failure to break clearly below 122.54 indicating that a fifth wave failure has been seen for red wave [v] and red wave [iii]. However, we expected resistance at 123...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 08:26