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EUR/GBP Slumps to Lows Near 0.7980 The now stronger tone around the sterling is dragging EUR/GBP to test session lows in the 0.7985/80 band...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 11:39
EUR/USD Fades a Spike to 1.1465, Back to Square One The EUR/USD pair trims gains and now slips back below the mid-point of 1.14 handle, having failed to sustain at fresh 2016 highs. EUR/USD hits fresh 2016 highs, then retreats Currently, EUR/USD trades 0.16% higher at 1...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 11:37
Watch Out for Key Commentaries to Assess Intervention Risk in Yen One of the biggest risks facing Yen is the risk of intervention from Bank of Japan (BOJ), which even if fades in medium term, may lead to heavy loss in the near term...
Currency
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Roberto Jacobs, 12 April 2016, 11:34
GBP/JPY Eyeing 155.00 After UK CPI Data GBP/JPY is now eyeing 155.00 handle as a faster-than-expected rise in UK CPI strengthened the bid tone around Sterling. Trades at 3-day high At 154.90, the cross is trading at its three-day high. The bid tone improved around 154.22 (23.6% of 162.58-154...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 11:29
USD/JPY: Risks Remain to the Downside – Danske Bank Arne Rasmussen, Chief Analyst at Danske Bank, sees the possibility that the pair could grind lower...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 11:27
FXWIREPRO: Swedish Crown Hits Fresh Four-Week High of 9.2079 Crowns Per Euro After Better-Than-expected Inflation Data EUR/SEK is currently trading around 9.2248 levels. It made intraday high at 9.2630 and low at 9.2079 levels. Today Sweden released CPI data with positive numbers at 0.5% m/m vs 0...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 11:24
Iraq Calls in Support for Freeze Deal Just five days ahead of much anticipated oil producers’ meeting in Doha, which will gather oil chiefs from Saudi Arabia to Russia, Iraq has extended its support for the deal...
Crude Oil
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Roberto Jacobs, 12 April 2016, 11:21
EUR/JPY Could Visit 120.00 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the cross could slip towards the 120.00 area. Key Quotes “EUR/JPY is stabilising just ahead of the 122.08 March low, we would allow for an overshoot to 120...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 11:18
EUR/USD Now Targets 1.1495 – UOB Analysts at UOB Group see the pair facing strong resistance in the vicinity of the 1.15 handle. Key Quotes “There is not much to add as EUR traded quietly yesterday and closed almost unchanged for the day”...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 11:16
UK CPI Beats Estimates UK Office for National Statistics data released today showed cost of living as measured by consumer price index (CPI) rose faster than expected due to sharp rise in transportation cost. CPI came-in at 0.4% m/m and 0.5% y/y, both above the estimated figure of 0.3% and 0...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 11:14
EUR/GBP Drops Below 0.80 as UK CPI Beats Estimates EUR/GBP surrendered gains to print a session low of 0.7998 after the UK data showed inflation rose at a faster than expected rate in March. Trades below hourly 200-MA The cross turned lower from 0...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 11:12
GBP/USD Through 1.43 on UK CPI The sterling continues its march north on Tuesday, now sending GBP/USD through the 1.4300 barrier, or daily highs...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 11:10
Brent Oil Clocks Fresh 2016 High Brent oil rose to fresh 2016 high of $43.46 levels on optimism major producers may reach a production freeze accord this Sunday. Major oil producers (OPEC and non-OPEC) excluding United States are scheduled to meet in Qatar's capital Doha next Sunday...
Crude Oil
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Roberto Jacobs, 12 April 2016, 11:09
USD/CHF Dips to Lows Near 0.9500 The selling interest around the dollar seems to have returned today, now sending USD/CHF to test session lows in the 0.9500 neighbourhood...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 11:07 #usdchf
Central banks’ experiment with negative interest rates continues apace this year, with the BoJ the latest to have dipped a toe in the water and the ECB edging further towards the deep end last month...
Analytics & Forecasts
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Vasilii Apostolidi, 12 April 2016, 10:18 #forex
Technical Analysis of USD/CHF for April 12, 2016 USD/CHF is expected to trade in a lower range as the key resistance is at 0.9580. The pair remains under pressure below its nearest resistance at 0.9580, which is expected to limit any upside potential...
Technical Analysis of NZD/USD for April 12, 2016 NZD/USD is expected to trade with a bullish bias above 0.6820. The pair remains strongly on the upside and is also supported by its rising 50-period moving average...
Technical Analysis of GBP/JPY for April 12, 2016 GBP/JPY is expected to trade in a higher range as the pair is bullish above 153.05. The pair stands above its support base at 153.05, which has allowed for a temporary stabilization. Meanwhile, the relative strength index lacks downward momentum...
JPY: Asia Bears Need Abe Too – Deutsche Bank Mallika Sachdeva, Strategist at Deutsche Bank, suggests that the Asian FX gains have been attributed to a mix of seasonality, covering of offshore under-weights on Asian equities, unwind of speculative long USD positions, and reprieve from a dovish Fed...
Currency
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Roberto Jacobs, 12 April 2016, 10:04
Technical Analysis of USDX for April 12, 2016 The Dollar index continues to grind lower and still remains in a bearish trend. However, I expect the trend to reverse this week or, at the latest, at the start of next week. I expect the Dollar to strengthen again...