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Low Inflation, on Its Own, Not a Trigger for RBA Rate Cut Data released earlier today showed Australia’s Q1 headline CPI figures came in at -0.2% q/q versus +0.2% expected and +0.4% previous. The trimmed mean CPI stood at +0.2% versus +0.5% expected and against +0.6% last...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 16:56
FxWirePro: GBP/USD Maintains Bullish Bias With Focus on 1.4650 Levels The GBP/USD pair inched higher in the European session after British GDP data printed positive figures. But, the pair turned back after failing to break resistance level 1...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 16:52
FxWirePro: Cable's Break-Out of Resistance at 1.4573 Questionable for Sustenance Breaks resistance at 1.4573 levels but could not sustain the rallies. So, can this be another opportunity for shorts in GBPUSD? Breaks resistance at 1...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 16:49
USD/CHF Declines but Still Holds Above Yesterday’s Lows USD/CHF is falling for the third day in a row as it retreats after last week rally when it climbed from 0.9570 toward 0.9800. USD/CHF levels ahead of the FED The pair today peaked during the Asian session at 0...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 16:44 #usdchf
EUR/USD Remains Capped by 1.1330 EUR/USD remains capped by the 1.1330 area, unable to extend gains beyond that level despite several attempts over the last sessions. EUR/USD has been seesawing around the 1...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 16:39
USD Could be Oversold - Rabobank According to analysts from Rabobank, the USD direction in the near-term depends on the signals coming from the Federal Reserve. They note that the Fed is still the most hawkish G10 central bank and that the USD might be oversold...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 16:35
EUR/JPY Hits 3-Week Highs but Fails to Rally Above 126.00 The euro continues to move with a bullish bias against the yen, extending the recovery after falling last week to the lowest level in years below 122.00. Today EUR/JPY climbed during the European session to 126...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 15:50
USD/JPY Directionless Around 111.00 USD/JPY continues to trade directionless around the 111.00 level, unable to set short-term direction as investors remain sidelined ahead of the Fed and the BoJ monetary policy decisions to be announced over the next hours...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 15:46
Gold Holding Steady Below $1250 On Wednesday, Gold prices moved higher for third consecutive day as Tuesday weak US economic data reassured investors that the Fed is likely to move slowly in raising interest rates...
Metals
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Roberto Jacobs, 27 April 2016, 15:45 #gold
CAD/JPY Faces Strong Resistance at 88.68, Break Above Targets 90 Major resistance- 88.68 (200 day MA) The pair has made a high of 88.49 at the time of writing and declined from that level. It is currently trading around 88.34. Short term trend is slightly bearish as long as resistance 88.70 holds...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 15:27 #CADJPY
GBP/USD Fails to Sustain Strength above 1.4600 Mark Following the release of UK GDP print, which matched consensus estimates, the GBP/USD recovered from early losses and climbed back above 1.4600 mark just to erase all of its gains to trade nearly unchanged from yesterday's close...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 15:02
EUR/USD Bounces from Lows sub-1.1300 EUR/USD retreated from daily highs and briefly dipped below the 1.13 mark, although the pair managed to quickly regain the psychological level. EUR/USD slid to the 1.1290 area at the beginning of the American session but turned higher and rose to 1...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 14:49
NZD/USD Slides Further Ahead of the Fed and RBNZ Expectations that RBNZ might discuss prospects of a rate-cut during its monetary policy meeting on Thursday dragged the NZD/USD pair lower below 0.6850 level...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 14:33 #nzdusd
We have been keeping an eye on that beautifully clear Head and Shoulders on the H4 chart...
CHF/JPY Trade Idea Major resistance – 114.65 (200 4 HMA) Major support – 113.40 The pair has broken minor resistance 114.27 and jumped till 114.59. It is currently trading at 114.59. Short term trend is slightly bullish as long as support 113.40 holds...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 14:24
Crude Oil Hits Fresh 2016 High On Wednesday, WTI crude oil futures rose to $45.10 mark, hitting its highest level in 2016, before retracing a bit to $44.80 ahead of weekly inventory data and the key Fed monetary policy decision...
Crude Oil
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Roberto Jacobs, 27 April 2016, 14:13 #crude oil
US FOMC Preview: 10 Major Banks Expectations We are closing into the FOMC’s April policy meet decision and the markets are going into the FOMC announcement without many expectations...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 14:04
USD/CAD Dips Below 1.2600 Mark to Hit Fresh 2016 Low Tracking strength in WTI crude oil prices, the USD/CAD pair dropped to fresh 2016 low of 1.2574 before attempting a pull-back towards 1.2600 round figure mark...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 13:58
AUD/USD Slammed to 0.7600 Mark on Weak Australian CPI Data The AUD/USD pair witnessed a sharp fall on Wednesday, dropping to 0.7600 round figure mark, as Australian core CPI fell to its lowest level since 1999...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 13:55
NZD Slipped by 0.3% in Response to the AUD Move - SocGen Kit Juckes, Research Analyst at Societe Generale, suggests that the NZD has fallen 0.3% in response to the AUD move, so driving AUD/NZD sharply lower. Key Quotes “I’d rather be short NZD/USD than AUD/USD around these levels...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 13:51