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Yen Rally Getting a Bit Extended Yen is enjoying its longest and strongest rally since the financial crisis, however that rally is looking a bit stretch now in the very near term and there could be short covering in USD/JPY, if equities rally or Dollar strengthens...
Currency
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Roberto Jacobs, 11 April 2016, 13:40
AUD/USD Still Aims for 0.7475/80 – UOB Analysts at UOB Group still believe the Aussie dollar could grind lower towards the 0.7470 area. Key Quotes “Despite the strong short-term rebound end of last week, we still think the current pull-back from the late March high of 0...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 13:36
AUD/USD: EYE TO CHINA… China’s monthly data dump will be a key focus this week, with risk sentiment likely to swing on the results. Premier Li was on the wires during the Friday NY trading session, noting “many economic indicators improved in Q1”, highlighting some upside risk...
Analytics & Forecasts
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Vasilii Apostolidi, 11 April 2016, 13:35 #AUD/NZD, forex
FXWIREPRO: GBP/JPY Faces Strong Resistance at 154.80, Good to Buy at Dips Major resistance – 154.80 (3 W EMA) Minor support -153.25 The pair has jumped till 154.22 on Friday and declined from that level. It is currently trading around 153.34...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 13:34
EUR/JPY Off Lows, Regains 123.00 and Above After a brief dip towards the 122.80 area, EUR/JPY has pulled itself together and has now retaken the 123.00 handle and above...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 13:19
China: Housing Supports CPI Inflation; Subsiding PPI Deflation - ING Tim Condon, Chief Economist at ING, suggests that the evidence of demand-side CPI pressure and narrowing PPI deflation lessen the case for PBOC rate cuts...
Currency
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Roberto Jacobs, 11 April 2016, 13:17
Weakness of the US Economy has Undermined the Greenback - BBH Research Team at BBH, suggests that the weakness of the US economy and the caution by the Federal Reserve to raise rates again after the December lift-off has undermined the greenback...
Currency
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Roberto Jacobs, 11 April 2016, 13:11
The JPY has been the strongest performing G10 currency in 2016, which is at odds with the strong pace of outflows. There is no single explanation for why this is the case, but we think three reasons are worth highlighting: 1...
Analytics & Forecasts
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Vasilii Apostolidi, 11 April 2016, 13:05 #forex
Oil Prices Wobble as Output Freeze is Viewed with Skepticism Oil prices recovered losses seen in early Europe, but gains are hard to come as markets believe next Sunday’s output freeze meeting in Doha is unlikely to help address supply glut issue...
Crude Oil
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Roberto Jacobs, 11 April 2016, 13:01
Fair Value in USD/JPY – Deutsche Bank George Saravelos, Strategist at Deutsche Bank, suggests that the Japan’s biggest problem with the current yen rally is that it is justified by fundamentals. Key Quotes “Across most of our metrics USDJPY is still expensive or only just approaching fair value...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 12:59
UK: Inflating the Risks? - ING James Knightley, Senior Economist at ING, suggests that the UK headline inflation is likely to stay low in the near term, but with sterling having plunged and commodity prices nudging higher, imported inflation could rise sharply in 2H16...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 12:56
EUR/GBP Sinks to Lows Near 0.8000 The increasing buying interest around the British pound is now relegating EUR/GBP to trade in fresh lows in the boundaries of the psychological support at 0.8000. EUR/GBP lower on GBP/JPY buying GBP has been rallying vs...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 12:52
USD/JPY Hit a Fresh 17 Month Low - Rabobank Jane Foley, Senior FX Strategist at Rabobank, suggests that the USD/JPY hit a fresh 17 mth low prompting accusation from Chief Cabinet Secretary Suga that the recent currency moves were one-sided and speculative and the government would take steps as ne...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 12:51
Short CHF/JPY – Deutsche Bank Research Team at Deutsche Bank, suggests to go short on the CHF/JPY as their preferred G10 trade of the week with entry being 113.30 level, while maintaining a stop loss of 118.50 for the target of 101.50...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 12:49
GBP/JPY Stuck at Hourly 100-MA Short unwind in GBP/JPY that gathered pace in Europe appears to have come to halt around hourly 100-MA located at 154.03 levels. Profit taking after 1000-pip drop The cross suffered more than 1000 pip drop during last week’s Yen rally...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 12:48
FXWIREPRO: BTC/USD Consolidates in Narrow Range, Good to Buy at Dips Major support - $400 BTC/USD has slightly retreated after making a low of $412 yesterday. It is currently trading around $419.72. Short term trend is slightly bullish as long as support $400 holds...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 12:46
Political Pressure on the ECB Escalated - Rabobank Jane Foley, Senior FX Strategist at Rabobank, suggests that the political pressure on the ECB has stepped up a few notches after German Finance Minister Schauble blamed ECB policies for a rise in support for Germany’s rightwing Alternative for Ge...
Market News
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Roberto Jacobs, 11 April 2016, 12:41
Daily economic digest from Forex.ee Stay informed of the key economic events Monday, April 11th EUR/USD stuck between strength in Yen and resulting weakness in EUR/JPY cross and EUR/GBP strength. Falling Fed rate hike bets is also ensuring the downside remains protected...
Analytics & Forecasts
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EEAnalytics, 11 April 2016, 12:41
Return of Grexit Fears Unlikely – Deutsche Bank Research Team at Deutsche Bank, suggests that a return of Grexit fears as being unlikely over the coming weeks...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 12:39
Fed Speakers Along with BoE and BoC to Take Centre Stage This Week – Rabobank Jane Foley, Senior FX Strategist at Rabobank, suggests that there are no key data releases today although scheduled speeches from the Fed’s Dudley and Kaplan will ensure the outlook for Fed policy remains a prime focus...
Currency
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Roberto Jacobs, 11 April 2016, 12:37