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Daily economic digest from Forex.ee Stay informed of the key economic events Monday, April 18th EUR/USD could not sustain the earlier advance beyond the 1...
Analytics & Forecasts
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EEAnalytics, 18 April 2016, 13:00
USD: Net Long Positions at its Lowest Level Since July 2014 - SocGen Kit Juckes, Research Analyst at Societe Generale, suggests that last week’s CFTC data put the speculative FX futures net long position in US dollars at its lowest level since July 2014, as the market continues to shed dollar lon...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 12:46
USD/CHF maintains its base and, with momentum also showing a topside bias, notes Credit Suisse. "We look for further strength towards price and the 38.2% retracement of the March/April sell-off at .9712/26...
Analytics & Forecasts
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Vasilii Apostolidi, 18 April 2016, 12:43
Oil: Doha Ended in Disappointment – Deutsche Bank Research Team at Deutsche Bank, suggests that all eyes were on oil this morning as the long awaited producers meeting in Doha ended in disappointment last night...
Crude Oil
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Roberto Jacobs, 18 April 2016, 12:43
EUR/GBP Eyes 0.74 in 6-Month – Danske Bank Morten Helt, Senior Analyst at Danske Bank, believes the cross could head towards the 0.74 handle in the medium term and following a ‘Remain’ win in the UK referendum...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 12:38
EUR/USD Clings to Gains Near 1.1300 The shared currency remains on the positive territory vs. the greenback on Monday, with EUR/USD gyrating around the 1.1300 mark...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 12:35
FxWirePro: USD/CAD Faces Minor Resistance at 1.3000, Good to Sell on Rallies Minor resistance – 1.3000 Major trend reversal level- 1.3060 The pair has opened up at 1.29850 compared to previous close of 1.28110. It has jumped till 1.29896 at the time of writing. It is currently trading around 1...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 12:33
Every now and again we get asked, 'What has changed so dramatically to warrant such a significant shift in gold sentiment over a relatively short amount of time...
Analytics & Forecasts
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Vasilii Apostolidi, 18 April 2016, 12:21 #gold
Pre US Open, Daily Technical Analysis Monday, April 18, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: bullish bias above 1.1270. Pivot: 1.1270 Most Likely Scenario: long positions above 1...
Charts
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Mohammad Soubra, 18 April 2016, 12:19
The 105 level in USD/JPY could well become the ‘line in the sand’ for the BoJ that may spur the bank back into action. To see that, we take a more detailed look at the longer-term path of USD/JPY and PPP...
Analytics & Forecasts
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Vasilii Apostolidi, 18 April 2016, 12:19 #usd/jpy
EUR/USD: Bearish: Downside potential likely limited to 1.1145. There is no change to our bearish view but as highlighted previously, downward momentum is not very strong and the downside potential is likely limited to 1.1145. Stop-loss remains unchanged at 1.1395 but 1...
Gold Hovers Around 50-DMA Gold has recovered from its daily lows and now trades just above 50-DMA level of $1234.60 levels. Weak equities supports gold The metal finally found takers as weakness in energy and mining shares pushed European stocks lower. Prices thus recovered from the low of $1229...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 12:07 #gold
Pivot Points Hourly Last Updated: Apr 18, 1:01 pm +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.12789 1.12922 1.12987 1.13055 1.1312 1.13188 1.13321 USD/JPY 108.073 108.235 108.301 108.397 108.463 108.559 108.721 GBP/USD 1.41567 1.41726 1.41809 1.41885 1.41968 1.42044 1.42203 USD/CHF 0.96321 0...
Market News
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Mohammad Soubra, 18 April 2016, 12:03
AUD/USD Struggles to Extend Recovery Above 0.7700 The AUD/USD’s recovery finds stiff hurdle ahead of 0.77 handle, with more than half of the bearish opening gap filled in amid stabilizing oil prices and a broadly weaker US dollar. AUD/USD continues to recover from 0...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 12:02
UNEMPLOYMENT CLAIMS WAS THE SOLE POSITIVE IN A WEEK FILLED WITH DISAPPOINTING US DATA U.S. retail sales disappointed with a 0.3 percent contraction when a slight expansion of 0.1 percent was expected. Removing volatile auto sales did not improve over estimates as core retail sales came in at 0...
Analytics & Forecasts
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Mohammad Soubra, 18 April 2016, 11:59
EUR/USD Keeps the Bearish Outlook – UOB Analysts at UOB Group keep their bearish stance on the pair for the next 1-3 weeks. Key Quotes “There is no change to our bearish view but as highlighted previously, downward momentum is not very strong and the downside potential is likely limited to 1...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 11:57
Technical Analysis of USD/CAD for April 18, 2016 General overview for 18/04/2016: The wave (b) extended higher during the weekend, but it looks like it was capped around the 50%Fibo at the level of 1.2985...
Oil Futures Gap Down as Doha Oil Freeze Meeting Fails on Accord Talking Points WTI Crude Oil Futures gapped more than 3...
Crude Oil
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Mohammad Soubra, 18 April 2016, 11:51
USD/JPY On its Way to 107.60? – Commerzbank In opinion of Axel Rudolph, Senior Technical Analyst at Commerzbank, the pair seems to be poised to retest the area of 107.60. Key Quotes “USD/JPY is slipping back towards its April low at 107.63. Below 107.63 lies major support – namely 106.63/38...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 11:50
GBP/JPY Turns Positive, Aims for 154+ Levels GBP/JPY cross turned positive on the day and is now looking to take out offers around 154.00 levels as bid tone around Yen lost steam. Supported by 152.51 Prices turned higher from the low of 152...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 11:48