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In our latest article, AAPL: Buyers have Room for Another $15 Move! and in earlier posts, we have discussed a possible move higher than $112. Apparently, we gave wave 3 too much of a room and a possible 5-move up from the lows was completed...
Analytics & Forecasts
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AynGannRand, 28 April 2016, 13:40
Advance US Q1 GDP Preview: What to Expect of USD/JPY? The USD/JPY pair nosedived to 108.00 mark after the Bank of Japan announced the outcome of its April monetary policy meeting where the central bank surprised markets and left its monetary policy unchanged...
Analytics & Forecasts
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Roberto Jacobs, 28 April 2016, 13:22
Fed Signals Less Global Concern but No Urgency Either – MUFG Derek Halpenny, European Head of GMR at MUFG, notes that the dollar is generally unchanged versus most currencies (except the yen and kiwi) after the April FOMC delivered few surprises...
Analytics & Forecasts
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Roberto Jacobs, 28 April 2016, 13:18 #Fed
UK: Brexit Taking More of a Toll - ING James Knightley, Senior Economist at ING, notes that the UK growth slowed to 0.4% QoQ from 0.6% in 4Q15 with the approaching referendum on EU membership likely to be a key factor that is leading to a loss of momentum...
Analytics & Forecasts
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Roberto Jacobs, 28 April 2016, 13:13
Technical Analysis of USD/CAD for April 28, 2016 General overview for 28/04/2016: The market is trying to complete the triple zig-zag pattern in the big wave Z brown...
3 Central Banks, 3 Holds - Investec Research Team at Investec, suggests that the three central bank meetings overnight saw all three policy makers remain on hold...
Analytics & Forecasts
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Roberto Jacobs, 28 April 2016, 13:03
RBNZ Refrains from Action – MUFG Derek Halpenny, European Head of GMR at MUFG, suggests that prior to the surprise decision by the BOJ, the RBNZ also surprised the markets by not easing...
Analytics & Forecasts
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Roberto Jacobs, 28 April 2016, 12:59
BOJ Refrains from Meeting Market Expectations – MUFG Derek Halpenny, European Head of GMR at MUFG, suggests that it is no surprise that USD/JPY is down over 2.5% today after the BOJ decided against implementing further monetary easing measures despite very high speculation of action being taken...
Analytics & Forecasts
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Roberto Jacobs, 28 April 2016, 12:57
HSBC is a major multinational financial organization that lends services to over 48 million customers throughout the world. The group has 6,100 offices in 72 countries and territories across Europe, Asia, the Middle East as well as North and Latin America...
Analytics & Forecasts
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Sergey Ershov, 28 April 2016, 12:53
German CPI Preview: What to Expect of EUR/USD? The bid tone surrounding the EUR/USD pair strengthened over the last hours as upbeat macro data from Germany and Eurozone boosted the sentiment around the EUR...
Analytics & Forecasts
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Roberto Jacobs, 28 April 2016, 12:52
Technical Analysis of EUR/JPY for April 28, 2016 General overview for 28/04/2016: The simple corrective cycle, labeled as abc irregular flat correction, might have been completed and according to the main chart another upward leg might be made. Moreover, any violation of the level of 121...
USD/JPY Attempts Tepid Bounce Above 108, Awaits US GDP The bears appear to face exhaustion after the relentless slide seen in the USD/JPY so far this Thursday, with markets now focussed on the US advance GDP numbers for next direction...
Analytics & Forecasts
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Roberto Jacobs, 28 April 2016, 12:46
EUR/USD: Neutral: Likely in 1.1200/1.1400 range. We just turned neutral on EUR yesterday and there is no change to the view. We continue to expect this pair to trade between 1.1200 and 1.1400 for now. Looking further ahead, the odds for a break above 1...
Analytics & Forecasts
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Vasilii Apostolidi, 28 April 2016, 12:30 #GBP/USD, EUR/USD
While the risk of a cut at next week’s meeting has increased meaningfully, we keep in mind various factors that may encourage the RBA to wait: Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en/?affid=0fd9105 1...
Analytics & Forecasts
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Vasilii Apostolidi, 28 April 2016, 12:28 #RBA
Our economists expect the BoJ to consider a more aggressive stance, irrespective of more stable risk sentiment as for instance reflected in the Nikkei rebounding above 17000...
Analytics & Forecasts
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Vasilii Apostolidi, 28 April 2016, 12:26
The Fed flies under the radar in April. The April FOMC statement was broadly in line with expectations...
Analytics & Forecasts
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Vasilii Apostolidi, 28 April 2016, 12:24 #EUR/USD
The FOMC statement was slightly more hawkish than we had expected in that the previous statement that “global economic and financial developments continue to pose risks “ was deleted, which presumably reflects the better tone of Chinese data recently, and the softer dollar...
Analytics & Forecasts
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Vasilii Apostolidi, 28 April 2016, 12:23 #FOMC
Back to monitoring global developments As was widely expected, the Federal Open Market Committee (FOMC) did not change policy at its April meeting. However, its updated statement nudged the Fed slightly in a less dovish direction, leaving the door open for a June hike in our view...
Analytics & Forecasts
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Vasilii Apostolidi, 28 April 2016, 12:22 #FOMC
The RBNZ kept its policy rate unchanged at 2.25%, against our expectations, but maintained a dovish policy stance, stating that “further policy easing may be required to ensure that future average inflation settles near the middle of the target range”...
Analytics & Forecasts
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Vasilii Apostolidi, 28 April 2016, 12:21
Key to markets is the wording around the risks to the outlook which is usually found in the second paragraph. Back in March, the Fed suggested that “global economic and financial development continue to pose risks” while not giving an explicit assessment of the balance of those risks...
Analytics & Forecasts
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Vasilii Apostolidi, 28 April 2016, 12:19 #FOMC