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NZD/USD: STILL USD DRIVEN… NZD/USD lifted overnight as the USD remained under broad pressure. The failure of kiwi to push any lower suggests its heading for a test higher as markets have lost faith in the USD strength story...
Analytics & Forecasts
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Vasilii Apostolidi, 12 April 2016, 14:05 #NZD/JPY
UK: Extension of Sterling's Recovery - BBH Research Team at BBH, suggests that the highlight in the foreign exchange market today is the extension of sterling's recovery...
Currency
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Roberto Jacobs, 12 April 2016, 13:50
CAD: BoC Preview/Made in the US - ING Viraj Patel, Foreign Exchange Strategist at ING, suggests that the tighter financial conditions will be a concern for BoC’s governor Poloz...
Currency
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Roberto Jacobs, 12 April 2016, 13:46
EUR/NZD Analysis for April 12, 2016 Recently, EUR/NZD has been moving downwards. As I had expected, the price tested the level of 1.6544 in a high volume. EUR/NZD has broken the upward channel. So, only watch for selling opportunities on the rallies...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 13:44
CAD/CHF Faces Strong Resistance at 0.7410, Break Above Targets 0.7450/0.7515 Major resistance – 0.7410 (trend line joining 0.75168 and 0.7457) Minor support – 0.7370 CAD/CHF is facing strong resistance around 0.7410 and any break above confirms minor trend reversal .The pair has made a high of 0...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 13:40
RUB More Vulnerable to Further Tightening of US Fed Policy in 2016 Since February, the USD/RUB pair has moved 13% lower and has closely tracked the move higher in crude oil...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 13:39
BoC in Neutral Mode at April Meet, Focus Likely to be on the Monetary Policy Report The Bank of Canada (BoC) holds its next policy meeting on Wednesday, 13th April. While no change in policy is expected, the central bank's new growth forecasts will be watched...
Currency
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Roberto Jacobs, 12 April 2016, 13:35
USD/CAD Depressed Below 1.2900, Focus on Fedspeak The Canadian dollar remains on a firm footing today, now dragging USD/CAD to the 1.2870 area. USD/CAD lower on oil, USD selling The barrel of West Texas Intermediate has advanced to fresh highs above the critical $40...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 13:33
EUR/USD Constructive Above 1.1340 – Rabobank Strategists at Rabobank keep the constructive outlook for the pair while above the 1.1340 pivot. Key Quotes “After fairly volatile March, EUR/USD has been trading in a relatively narrow range so far this month”...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 13:27
ECB’s Weidmann – Monetary Policy Stance Appropriate at the Moment European Central Bank (ECB) governing council member and Germany’s Bundesbank president Jens Weidmann told the FT in an interview last Thursday called bank’s policy stance as “appropriate”...
Market News
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Roberto Jacobs, 12 April 2016, 13:26
UK Headline CPI Rose 0.5% y/y to March - TDS Research Team at TDS, notes that the UK headline CPI rose 0.5% y/y to March, up from 0.3% in Feb, while core prices also rose faster than expected, rising from 1.2% to 1.5...
Market News
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Roberto Jacobs, 12 April 2016, 13:23
EUR/USD Trims Gains, EUR/GBP Weakness Weighs Drop in EUR/GBP cross post strong UK CPI release has pushed EUR/USD pair back to 1.1418 (23.6% of 1.0463-1.1714). Fades spike to 1.1460 Once again the spike to 1.1460 levels was met with fresh offers...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 13:21
Further Gains in EUR/USD Would be a Blow to the ECB - Rabobank Piotr Matys, EM FX Strategist at Rabobank, suggests that after fairly volatile March, EUR/USD has been trading in a relatively narrow range so far this month...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 13:19
EUR/GBP Failure Expected at 0.8162/0.8200 – Commerzbank In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the upside in the cross could struggle in the 0.8162/0.8200 band...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 13:17
US Oil Breaks Major Resistance $40.80, Targets $41.87/$42.73 Major resistance - $40.80 (trend line joining $50.91 and $41.87) Major support - $39 (7 day EMA) US Oil has broken major resistance $40.80 and jumped till $40.89. It is currently trading around 40.75...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 12:36
EUR/USD Forms Diamond Pattern, Sell Below 1.13800 for Further Weakness Pattern Formed- Diamond pattern Major resistance -1.1450 Major support - 1.1370 The pair is trading in narrow range between 1.1370 and 1.14454 for the past two trading session. It is currently trading around 1.14227...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 12:34
GBP/USD Extends CPI-Driven Rally Towards 1.4350 The bid tone surrounding the GBP keeps growing bigger as we progress towards the mid-European trades, now pushing GBP/USD towards the mid-point of 1.43 handle. GBP/USD sees a 60-pips rally post-UK CPI The GBP/USD pair advances 0...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 12:31
Japan Continues to Highlight Unease Over One Sided Yen Moves - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the yen has weakened modestly in the Asian trading session undermined in part by further verbal intervention from Japanese officials and an improvement in global investor risk sen...
Currency
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Roberto Jacobs, 12 April 2016, 12:29
Daily economic digest from Forex...
Analytics & Forecasts
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EEAnalytics, 12 April 2016, 12:28
Yen’s Rally Run Out of Steam - Rabobank Piotr Matys, EM FX Strategist at Rabobank, suggests that the Japanese shares posted strong gains with the Nikkei up 1.13% after the yen’s rally run out of steam following the longest stream of daily gains so far this year...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 12:26