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RBA Minutes: Higher AUD Could Complicate Economy Rebalance The minutes of the April 5th RBA meeting when interest rates were held steady at 2%, and in which the Central continued to maintain a soft dovish bias to ease further if needed, have been released...
Analytics & Forecasts
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Roberto Jacobs, 19 April 2016, 09:55
FxWirePro: GBP/NZD Extends Consolidation Near New 11-Month Lows at 2.0417 GBP/NZD has been trading a falling wedge formation and has hit fresh 11-month lows at 2.0417 on Monday's trade. Uncertainty around the Sterling in the run-up to the EU referendum likely to keep the pair depressed...
Analytics & Forecasts
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Roberto Jacobs, 19 April 2016, 09:45
FxWirePro: NZD/JPY Intraday Sentiments Bullish and Wise to Catch Rallies for Shorts on Delivery Basis Jump 21DMA may drag rallies upto 76.951 but don't have open longs for long term basis. From yesterday, the pair rallied continuously from 74.141 to 76.449 levels...
Analytics & Forecasts
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Roberto Jacobs, 19 April 2016, 09:43
GBP/JPY Breaks Major Resistance 155.80, Targets 158.20/158.80 Major Resistance – 155.80 The pair has broken major resistance 155.80 and jumped till 156.19. It is currently trading around 156.01. Intraday trend is slightly as long as support 154.95 (7 day EMA) holds. Any violation below 154...
Analytics & Forecasts
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Roberto Jacobs, 19 April 2016, 09:41
China: Spreading the Industrial Restructuring Pain - ING Tim Condon, Chief Economist at ING, suggests that as the risk-on prevails and following their re-pricing in 2015 for a China hard landing, the repricing of financial assets in 2016 for something softer can proceed...
Market News
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Roberto Jacobs, 19 April 2016, 09:37 #China
German ZEW Preview: What to Expect of EUR/USD? The EUR/USD pair remains strongly bid above 1.13 handle in the European morning, although eased-off highs following a positive start on the European indices. The major finally broke above 1...
Analytics & Forecasts
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Roberto Jacobs, 19 April 2016, 09:34
Oil Dips in Asia on Oversupply Worries, API Report Eyed Oil benchmarks on both sides of Atlantic rebounded sharply from Doha disappointment induced sharp losses the day earlier, only to find run through fresh offers this Tuesday, as the supply glut worries resurface following failed Doha negotiat...
Crude Oil
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Roberto Jacobs, 19 April 2016, 09:32
Yesterday, we updated our analysis and forecast on USDCAD and stated that the major move down is not complete: "In this 4h chart, currently we have a clear a-b-c structure from the lows and prices have re-set all their oversold levels...
Analytics & Forecasts
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AynGannRand, 19 April 2016, 09:27 #Trading
FxWirePro: US Oil Faces Strong Resistance at $40.40, Good to Sell on Rallies Major Resistance - $40.40 (200 day MA) The commodity has recovered after making a low of $37.56. It is currently trading around $39.83. Short term trend is weak as long as resistance $40.40 holds...
Analytics & Forecasts
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Roberto Jacobs, 19 April 2016, 09:23
The recovery in oil prices since the Doha meeting may be indicative of a market that has support, though chasing upside in petro FX may prove futile once seasonal effects fade (May). DXY to trade sideways amid limited catalysts...
Analytics & Forecasts
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Batur Asmazoglu, 19 April 2016, 09:21
FxWirePro: EUR/JPY Holds Upside ahead of Crucial German ZEW Data, Bias Higher EUR/JPY bounced off from fresh 3-year lows at 121.71 on Monday and is holding gains above the 123 handle. Markets await the crucial Germany ZEW Economic Sentiment data due ahead in the European session...
Analytics & Forecasts
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Roberto Jacobs, 19 April 2016, 09:21
FxWirePro: NZD/CAD Faces Strong Support at 0.8850, Good to Buy at Dips Major Resistance- 0.902 Major support – 0.8850 The pair has recovered after making a low of 0.88698. It is currently trading around 0.89404...
Analytics & Forecasts
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Roberto Jacobs, 19 April 2016, 09:19
FxWirePro: EUR/SEK Fails to Break Key Support at 9.1501, Intraday Bias Remains Bullish EUR/SEK is currently trading around 9.1831 levels. It made intraday high at 9.1832 and low at 9.1625 levels. Intraday bias remains bullish for the moment. A daily close below 9...
Analytics & Forecasts
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Roberto Jacobs, 19 April 2016, 09:16
IMF Meetings Takeaways – Deutsche Bank Research Team at Deutsche Bank, lists down the key takeaways from the most recent IMF meeting. Key Quotes “Slowing growth momentum, particularly in China, EU, Japan, and the US, is seen as fait accompli...
Market News
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Roberto Jacobs, 19 April 2016, 09:13 #IMF
Market Movers for the Day – Danske Bank Research Team at Danske Bank, suggests that in the euro area, we get data for the German economic sentiment indicator ZEW expectations, which we expect to remain at the current low level as indicated by the Sentix investor confidence...
Market News
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Roberto Jacobs, 19 April 2016, 09:11
EUR/USD In Highs Near 1.1340, ZEW Eyed The greenback continues to trade on the defensive during the first half of the week, now sending EUR/USD to print daily highs in the 1.1340 area...
Analytics & Forecasts
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Roberto Jacobs, 19 April 2016, 09:07
NZD/USD Takes-Out 0.7000, Highest Since June 2015 The bid tone surrounding the NZD picked-up pace in the last hour, with the NZD/USD pair finally piercing through 0.70 barrier amid fresh buying in the black gold. NZD/USD sees a 30-pips rally Currently, the NZD/USD pair trades 0.79% higher at 0...
Analytics & Forecasts
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Roberto Jacobs, 19 April 2016, 09:05 #nzdusd
AUD/USD Firmer Eyes 0.7800, Fresh Yearly Tops The Aussie dollar is following the rest of its risk-associated peers on Tuesday, now pushing AUD/USD to the boundaries of the 0.7800 handle. AUD/USD boosted by risk appetite Spot is trading in levels last seen in June 2015 around 0...
Analytics & Forecasts
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Roberto Jacobs, 19 April 2016, 09:03
EUR/JPY Keeps Gains Around 123.50 Ahead of ZEW The cross in the EUR/JPY holds the upside in the European morning, extending its recovery from three-year lows, amid broad yen weakness and strong close on the Japanese Nikkei. EUR/JPY looks to test 124 now The EUR/JPY pair now rises 0.32% to 123...
Analytics & Forecasts
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Roberto Jacobs, 19 April 2016, 09:01
Dynamics of #oil traditionally has a strong influence on commodity #currencies, such as #AUD and #CAD. Given the sharp drop in crude oil on Monday, the Canadian dollar was to fall much lower, but the #currency completed yesterday's trading even higher...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 19 April 2016, 08:31 #Trading, forex