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GBP/USD Weak, Rebounds from 1.4130 The sterling remains entrenched in the negative territory at the beginning of the week, with GBP/USD hovering over the 1.4160/65 band so far...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 10:02
Oil: Failure to Reach Output Freeze Agreement Boosts Yen - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the yen has strengthened in the Asian trading session most notably against crude oil related currencies following the failure over the weekend of major crude oil producers to reach an...
Crude Oil
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Roberto Jacobs, 18 April 2016, 09:56
Technical Analysis of GBP/JPY for April 18, 2016 GBP/JPY is expected to trade in a lower range as 152 is in sight. The pair is accelerating on the downside and is looking for a lower bottom. Meanwhile, the relative strength index is badly directed...
Technical Analysis of NZD/USD for April 18, 2016 NZD/USD is expected to trade in a higher range but the extent of the upside is limited. The pair is still moving sideways within the range between 0.6840 and 0.6950, and is likely to challenge the upper boundary in sight...
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