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S&P 500 Futures Recover to Reclaim 2100 Mark Spoofed by drop in crude oil prices and a slump in Chinese stock market, broader US equity indices futures were trading lower before recovering, pointing to a higher open on Wednesday...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 14:11
China: Property Prices Momentum Building - Westpac Elliot Clarke, Research Analyst at Westpac, suggests that according to the Chinese 70 city property prices for March 2016, momentum is building within each tier; but Tier 1 gains still highly disproportionate...
Market News
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Roberto Jacobs, 20 April 2016, 14:09 #China
USD/TRY Testing 2.80 on CBRT Decision The Turkish Lira is sharply appreciating vs. the greenback today, now dragging USD/TRY to multi-day lows around 2.80...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 14:08
With risk premia coming down globally, investors will be looking around for laggards. GBP's risk premium has remained high for very good reasons, mostly associated with the upcoming June 23 EU referendum...
Analytics & Forecasts
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Vasilii Apostolidi, 20 April 2016, 13:46
NZD/USD: BREAKING UP: Kiwi broke the psychological 0.70 number amid a positive ‘risk’ session. The GDT auction lifted and kiwi continues to look like its heading for resistance near 0.72. Expected range: 0.6980 – 0...
Analytics & Forecasts
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Vasilii Apostolidi, 20 April 2016, 13:45
EUR/USD: Bearish: Diminished odds for further down-move. We mentioned in recent updates that EUR has to move below the 1.1230 support soon or risk a rapid loss in downward momentum...
FxWirePro: AUD/JPY Rejected at Session Lows, Finds Strong Support at 84.60 AUD/JPY finds strong support by 5-DMA at 84.60, pair has held support and edged higher to currently trade at 85.28. Technicals on daily charts point to furher gains. Pair on track to test next hurdle at 85...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 13:40
Eurozone: Light on Action, Heavy on Words - ING Carsten Brzeski, Chief Economist at ING, suggests that after months of excitement and two new attempts by the ECB to revive the Eurozone economy, tomorrow’s ECB meeting should be light on new action...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 13:38
USD/CAD Further Pullbacks Expected – Westpac Strategists at Westpac believe the pair is headed towards lower levels in the next months. Key Quotes “Weakness in USD/CAD has further to go, a potentially higher March CPI next week thanks to stronger energy prices may well be a catalyst”...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 13:35
JPY: Trade Surplus Widens to JPY276.5bn in March – Deutsche Bank Research Team at Deutsche Bank, notes that in nominal terms Japanese exports fell 6.8% yoy and imports fell 14.9% yoy. Key Quotes “In volume terms exports fell 1.0% yoy (versus 0.2% yoy in February) whilst import volumes rose 5...
Market News
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Roberto Jacobs, 20 April 2016, 13:33
EUR: Confined in a Range Ahead of ECB - BBH Research Team at TDS, notes that the euro reached $1.1385 yesterday, a four-day high, but euro has hardly backed off and has been confined to about a quarter cent range today. Key Quotes “The market may be cautious ahead of tomorrow's ECB meeting...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 13:32
EUR/USD Rallies Could Struggle Around 1.1342/77 – Commerzbank In opinion of Axel Rudolph, Senior Technical Analyst at Commerzbank, occasional bullish attempts in the pair could fade in the 1.1342/77 band. Key Quotes “EUR/USD recently charted a minor new high of 1...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 13:30
CAD: Wholesale Trade Sales to Give a Glimpse into Activity Data - TDS Research Team at TDS, suggests that the Canada’s wholesale trade sales will give us a second glimpse into activity data for February. Key Quotes “TD expects nominal wholesale sales to decline -0...
Market News
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Roberto Jacobs, 20 April 2016, 13:28
FxWirePro: FTSE100 Faces Strong Resistance at 200 WMA, Good to Sell on Rallies Major resistance- 6430 (200 W MA) Major support – 6296 (55 W EMA) The index has made a high of 6471 yesterday and started to decline from that level . It is currently trading around 6375...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 13:21
EU Vote is the Biggest Risk to UK Financial Stability - Investec Research Team at Investec, notes that yesterday Bank of England Governor Mark Carney warned if Britain leaves the European Union, the City of London should expect its preeminent role in the global financial system to fade...
Currency
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Roberto Jacobs, 20 April 2016, 13:18
With a lot going on in the Vantage FX office this morning, just a quick note featuring a few charts and carries on from the commodities trading theme we’ve been following recently in the Forex News Centre...
Currency
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Francis Dogbe, 20 April 2016, 13:03
JPY Little Changed as Kuroda Leaves Open the Scope More Easing - MUFG Derek Halpenny, European Head of GMR at MUFG, notes that following his interview in the Wall Street Journal where he stated that a sustained period of yen strength could impact inflation and hence prompt monetary action, Govern...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 12:54
GBP/USD Neglects Weak UK Jobs Data While investors remain busy tracking oil prices, GBP/USD pair recovers from day's low of 1.4345 to 1.4400, neglecting disappointing UK jobs data and even as Brexit referendum remains high on agenda. GBP/USD remains anchored below 1...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 12:52
Oil Slips as Kuwait Strike Ends - Investec Research Team at Investec, notes that overnight, Kuwaiti oil and gas workers ended a three-day strike that had temporarily halved the OPEC member's crude production...
Crude Oil
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Roberto Jacobs, 20 April 2016, 12:50
EUR/GBP Upside Capped by Hourly 50-SMA, Near 0.7900 The upbeat momentum seen in the EUR/GBP cross in the Asian session lost steam at hourly 50-SMA located at 0.7915 post-European open, and the prices now waver around 0.79 handle...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 12:48