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Yen Longs Heavily Extended, AUD Longs Pared – Deutsche Bank Nicholas Weng, Strategist at Deutsche Bank, lists down the CORAX Positioning Data from 03-May-2016. Key Quotes “Yen longs heavily extended after BoJ inaction, AUD longs pared...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 07:36
FxWirePro: USD/JPY Trades a Narrow Range, Holds Gains Above the 107 Handle USD/JPY has been trading a thin range in the Asian session, with day's highs at 107.20 and lows at 106.88. The pair has been recovering from fresh 18-month lows at 105.54 (3rd May), but upside lacks momentum...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 07:31
FxWirePro: EUR/JPY Takes Support at Channel Base, Wait for Break Above Resistance at 123.1134 The pair has been bouncing from last 3-4 days after testing supports at 121.680. Upswings favoured by momentum that signalled by leading oscillators, but longs accepted only above resistance at 123...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 07:29
GBP/USD Corrects Higher Above 1.4500 Ahead of UK PMI The bears appear to face exhaustion after the recent extensive declines, allowing GBP/USD to stage a minor corrective rally above 1.45 handle, as focus now remains on the UK services PMI...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 07:08
Banxico Preview: No Reason Now – Rabobank Christian Lawrence, Senior Market Strategist at Rabobank, suggests that when Banxico moved between meetings, price action was in a very different place to where it is now...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 07:01
The CAD that Could...Can’t Anymore - TDS Mazen Issa, Senior FX Strategist at TDS, suggests that not too long ago, they advocated that USD/CAD upside was beginning to look more attractive and cautioned, however, that patience would be required amidst a very complex backdrop in FX...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 06:55
EUR Finds Support from Cyclical Growth Improvement – ANZ Brian Martin, Research Analyst at ANZ, suggests that the 0.6% q/q rise in Eurozone’s Q1 real GDP has raised expectations that ECB stimulus may finally be raising the pace of growth...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 06:52
EUR/USD Turns Negative Near 1.1480 Amid Light Trading The EUR/USD pair gradually extends to the downside during the mid-Asian trades, moving slightly away from 1.15 barrier, as sentiment remains mixed in Asia amid negative equities and a broadly muted US dollar. EUR/USD capped below 1...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 06:47
Asian Markets Continue to Trade Lower, Gold Hovers Around $1280 Major Asian indices are trading on a lower note on Thursday after US reported lower than expected ADP job data. US ADP employment change fell to 156,000 m/m vs 194,000 jobs m/m previous release...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 06:43
FxWirePro: Aussie Buoyed by Upbeat Data Flow, AUD/USD Edges Higher from 38.2% Fib Support Aussie spiked after the Australian macro releases outpaced expectations. Australia's March retail sales came at 0.4% m/m vs 0...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 06:36
FxWirePro: USD/SGD Fails to Break Key Resistance at 1.3628, Good to Sell on Rallies USD/SGD is currently trading around 1.3558 marks. It made intraday high at 1.3594 and low at 1.3553 levels. Intraday bias remains bearish till the time pair holds initial resistance level at 1.3628...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 06:33
Forex Preview: Canada's Jobs Report (Apr) How y’all doing, forex friends? Canada will be releasing its jobs report this Friday (May 6, 12:30 pm GMT), so if you’re looking to grab some quick pips from Loonie pairs before calling it a week, then this event is your best bet...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 06:02
USD/JPY Deflates from 107.20 Amid Negative Equities The USD/JPY pair fades a spike from daily tops and now reverts to 107 handle, as subdued trading on the Asian equities provides respite to the JPY bulls somewhat. USD/JPY well above 5-DMA at 106...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 05:52
FxWirePro: Aussie Gains Against Major Peers on the Back of Higher Than expected Retail Sales Data AUD/NZD is trading around 1.0872 marks. Pair made intraday high at 1.0875 and low at 1.0827 marks. Today Australia released retails sales data with positive numbers at 0.4% m/m vs 0...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 05:24
Asian Stocks Trade Subdued, Fall for 7th Day in a Row The stocks on the Asian bourses traded largely subdued this Thursday, extending losses for the seventh consecutive session and marking the longest losing-streak of the year...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 05:21
Turkish Lira Sold-off on Turkish PM Resignation USD/TRY is on a tear, having made a trend high of 2.98 before consolidating just above 2.95, following news that Turkish Prime Minister Ahmet Davutoglu is set to step down after disagreements with President Erdogan...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 05:14
Aussie Retail Sales Preview - What to Expect in AUD/USD? AUD/USD is headed for a second weekly bearish close with yet further intra-session selling with the greenback advancing across the board...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 05:09
Oil Climbs 2% in Asia Amid Supply Disruption Fears Oil benchmarks on both sides of Atlantic reversed losses seen earlier this week and rebounded higher, now extending gains into a second day today on the back of rising concerns supply disruptions from Canada and Libya...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 04:50
AUD/NZD Jumps to Test Hourly 100-SMA on Aus Data The Australian dollar spiked higher versus its OZ neighbour in the Asian morning hours, sending AUD/NZD sharply higher towards 1.09 handle on the release of Aus and China macro data. AUD/NZD extends recovery from 1...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 04:47 #AUD/NZD
AUD/USD: Bulls Rescued by Upbeat Aus Dataflow, Nears 0.75 The AUD/USD pair ran through fresh bid and jumped near about 40-pips in a knee-jerk upward spike after the Australian macro releases outpaced expectations. AUD/USD eyes 0.7500 Currently, the AUD/USD pair advances 0.40% to 0...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 04:43