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Daily Analysis of GBP/USD for April 15, 2016 On the H1 chart, GBP/USD has been doing a rebound above the support level of 1.4108, after it performed a decline from the April 12th highs. However, we're expecting that the Cable re-tests the support zone of the 1...
Analytics & Forecasts
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Roberto Jacobs, 15 April 2016, 08:05
USD/CHF Initially Supported at 0.9620/45 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, occasional pullbacks in the pair should find support in the 0.9620/45 band...
Analytics & Forecasts
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Roberto Jacobs, 15 April 2016, 08:02 #usdchf
SGD: MAS Surprises with a Zero Slope - Nomura Research Team at Nomura, notes that the Monetary Authority of Singapore (MAS) announced a shift to a zero rate of appreciation of the S$NEER policy band, with no change to the mid-point or slope...
Analytics & Forecasts
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Roberto Jacobs, 15 April 2016, 07:59
Aussie Futures Show Bulls Committed With Uptrend Preliminary data from the CME Group shows that futures traders continue to add new long-sided business in the 6A contract (AUD/USD) this week, as the Aussie continues its relentless course north, following upbeat Australian employment numbers on Th...
Market News
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Roberto Jacobs, 15 April 2016, 07:57
AUD/USD Struggling Hard to Take-Out 2016 High The AUD/USD pair continues to trade at higher levels as sentiment remains buoyed by upbeat China macro news, although lacks momentum for further upside. AUD/USD manages to hold above 0.77 handle Currently, the AUD/USD pair rises 0.23% to 0...
Analytics & Forecasts
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Roberto Jacobs, 15 April 2016, 07:55
GBP/USD Hovers Around 38.2% Fibo GBP/USD pair is hovering just below 1.4154 (38.2% of 1.4669-1.3835) after having recovered from the low of 1.4133 levels. Rejected at hourly 200-MA Spot made repeated failed attempts to take out hourly 200-MA throughout European and US session yesterday...
Analytics & Forecasts
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Roberto Jacobs, 15 April 2016, 07:54
EUR/GBP Within Range After Chinese Data EUR/GBP is looking to consolidate the weekly drop from highs above the 0.8100 handle to the current area of 0.7955/50. EUR/GBP supported near 0...
Analytics & Forecasts
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Roberto Jacobs, 15 April 2016, 07:48
FxWirePro: USD/SGD Hovers Around Key Resistance at 1.3628, Retail Sales Data Eye USD/SGD is currently trading around 1.3617 marks. It made intraday high at 1.3657 and low at 1.3611 levels. Intraday bias remains neutral till the time pair holds initial resistance at 1.3628 levels...
Analytics & Forecasts
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Roberto Jacobs, 15 April 2016, 07:39
Oil Trades Cautious in Asia, Doha Meeting Eyed Oil benchmarks on both sides of Atlantic steadied in the Asian trades, unable to find a clear direction as traders remain on the side-lines awaiting the outcome from weekend’s Qatar meeting...
Crude Oil
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Roberto Jacobs, 15 April 2016, 07:32
Riksbank Preview: No Further Easing – Goldman Sachs Lasse Holboell Nielsen, Research Analyst at Goldman Sachs, suggests that they expect the Riksbank to leave its repo rate unchanged next week at -0.50% and also expect the Riksbank to leave its target purchases n of government bonds at SEK200bn...
Market News
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Roberto Jacobs, 15 April 2016, 07:30 #Goldman Sachs
Guide to Today's Important Data and Events Not many economic dockets scheduled for today, only few with high risks associated. Data released so far – China – Retail sales increased 10.5% y/y in March. Industrial production for February up 6.8% y/y. urban investment YTD increased by 10...
Market News
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Roberto Jacobs, 15 April 2016, 07:21
FxWirePro: AUD/JPY Edges Lower from Session Highs at 84.77, Further Upside AUD/JPY hit fresh nine-day highs of 84.77, and there is scope for test of 85 levels. Upside in the pair gathered significant pace after release of RBA’s Financial Stability Review (FSR...
Analytics & Forecasts
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Roberto Jacobs, 15 April 2016, 07:18
Asian Markets Mix Ahead of G20 and IMF Meetings, Gold Hovers Around $1230 All the major Asian indices are trading on a mix note after china released GDP data with flat numbers at 6.7% q/q while industrial production increases sharply to 6.8% m/m vs 5.4% m/m...
Market News
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Roberto Jacobs, 15 April 2016, 07:14
EUR/USD Consolidating the Downside, Around 1.1260 The EUR/USD pair is seen moving back and forth in a 20-pips tight range in the Asian trades so far, keeping range near fresh two-week lows reached the day earlier. EUR/USD downside capped by 1.1250 Currently, EUR/USD trades modestly flat at 1...
Analytics & Forecasts
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Roberto Jacobs, 15 April 2016, 07:12
NZD/USD Takes Flight Towards 0.6900, China Data Underpins The NZD/USD pair rebounded in the Asian session, bringing an end to its two consecutive sessions of declines and now approaches 0.6900 levels. NZD/USD supported at 0.6850 Currently, the NZD/USD pair jumps 0.47% to 0...
Analytics & Forecasts
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Roberto Jacobs, 15 April 2016, 07:09 #nzdusd
Having bottomed at the daily pivot at 0.7683 in the last hour, the AUD/USD pair is seen hovering at session tops following the Chinese economic releases. AUD/USD keeps 0.77 handle post-China data dump Currently, the AUD/USD pair rises 0.25% to fresh session highs at 0...
Analytics & Forecasts
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Francis Dogbe, 15 April 2016, 05:52
Team Alpha did not enter the CME Group Trading Challenge expecting to win. Their goal was simply to get experience against students from some of the world’s top finance and business programs...
Other
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Francis Dogbe, 15 April 2016, 05:48
Gold Capped Below 5-DMA in Asia, Set for Weekly Drop Gold stalled its selling spiral in the Asian trades this Friday, although remains poised to book first weekly loss in three weeks as broad based US dollar advance continues to weigh on the metal...
Analytics & Forecasts
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Roberto Jacobs, 15 April 2016, 05:47 #gold
We think the Yellen-induced carry trade is close to reaching a tipping point. For sure, it seems unlikely a fresh USD rally will exceed the highs seen over the past two years...
Market News
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Francis Dogbe, 15 April 2016, 05:46
ASX200 Trades Well Above 5100, Jump Till 5200 Is Possible Major resistance - 5130 ASX200 has broken major resistance 5130 and jumped till 5144 at the time of writing. It is currently trading at 5143. Short term trend is slightly bullish as long as support 5065 holds...
Analytics & Forecasts
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Roberto Jacobs, 15 April 2016, 05:44