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FxWirePro: GBP/NZD Breaks Major Trendline Support and slips Below 1h 50-SMA, Good to Sell Rallies GBP/NZD rejected at day's highs by 2.1102, and is currently trading at 2.1016 levels. The pair has broken major trend line support at 2.1047 on the hourly charts and has slipped below the 1H 50-SMA...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 08:30
Australian Bonds Continue to Rally After RBA Rate Cut, Despite Firm Economic Data The Australian government bonds continued to rise Thursday for three consecutive days as investors pour into safe-haven assets after Reserve Bank of Australia lowered its interest rate by 25 bps to historic low of 1...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 08:23
FxWirePro: Time to Invite Shorts in Bearish Hedging Strategies for EUR/JPY Long Term Risks Glimpse on Technicals: The pair has been bouncing from last 3-4 days after testing supports at 121.680...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 08:21
Canada's Weak Trade in March Suggests Q1 GDP Growth Likely to be Weaker Than Anticipated Canada’s trade deficit broadened from downwardly revised $2.5 billion in February to $3.4 billion in March. Exports in March fell 4.8%, surpassing the decline in imports of 2.4%. Export volumes declined 2...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 08:19
FxWirePro: EUR/GBP Holds Above the 0.79 Handle, Focus on UK Services PMI Data EUR/GBP trades a narrow range on the day (15 pips), day's highs at 0.7925 and lows at 0.7910. Upside on Wednesday capped at 0.7947 (Mar 23rd highs), pair holds above the 0.79 handle. 0...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 08:16
AUD/USD Takes-Out 0.7500, Solid Aus Data Underpins The bid tone around the AUD keeps growing bigger as we head into early European trades, driving the AUD/USD relief rally above 0.75 handle. AUD/USD eyes Wednesday’s high Currently, the AUD/USD pair rises 0.64% to 0...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 08:13
#JPY has handed back, allowing #USD to rebound slightly from the reached lows. #Investors are waiting for clearer signals regarding what to expect from the U.S. economy, the Fed and the dollar. Find out more by checking out the Source Link...
USD/JPY Ranging Around 107.00 Level The USD/JPY pair on Wednesday moved within a narrow trading range, circling around 107.00 handle, amid thin liquidity on the back of a bank holiday in Japan and EU. The pair on Wednesday retreated from high of 107...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 08:09
Hello Friends, I am sharing with you a stable trading idea with you. If you follow this idea, there is a good chance to make profit. Before follow this trading idea, please follow the below instruction which I am following personally. 1...
Analytics & Forecasts
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Pankaj D Costa, 5 May 2016, 08:08
EUR/GBP Retreats to 0.7910 Ahead of UK PMI The bid tone around the sterling is prompting EUR/GBP to recede from yesterday’s tops in the mid-0.7900s and test the 0.7910/00 band...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 08:04
3 Reasons to be Bearish Euro – Nomura Bilal Hafeez, Research Analyst at Nomura, suggests that recently, the euro saw an intra-day high of 1.1616 – while not quite as high as the 1.1714 high seen in August last year when equity markets plunged, it has nevertheless challenged our bearish euro view...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 08:01
CAD: March Trade Deficit Widest on Record – Deutsche Bank Brett Ryan, Research Analyst at Deutsche Bank, notes that on a balance of payments basis, Canada’s March international trade deficit (-C$3.4 billion vs. –C$2.5 billion) was the widest on record. Key Quotes “Exports declined by -4...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 07:58
UK: Downside Risks to the PMI Services Release - TDS Research Team at TDS, suggests that we’ve seen somewhat less evidence of the EU Referendum weighing on services components of the UK economy so far, but this week’s other PMI releases suggest that uncertainty is finally biting into activity...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 07:56
USD/CAD: Loonie Rebounds Alongside Oil, 1.2800 Eyed The Canadian dollar halted its 2-day decline and rebounded higher versus the American dollar in the Asian session, sending USD/CAD sharply lower from twelve-day peaks shy of 1.29 handle. USD/CAD heading towards daily pivot at 1...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 07:54
FxWirePro: Go Long on XAU/USD Above $1282 With Stop Loss at $1275 and Target of $1303 XAU/USD is currently trading around $1280 mark. It made intraday high at $1283 and low at $1277 levels. Intraday bias remains bullish till the time pair holds immediate support at $1270 marks...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 07:41
Guide to Today's Important Data and Events Not many economic dockets scheduled for today and all with low to medium risks associated. Data released so far – Australia – HIA new home sales rose by 8.9% in March. Trade balance improves but still in deficit at -$2.16 billion...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 07:39
Yen Longs Heavily Extended, AUD Longs Pared – Deutsche Bank Nicholas Weng, Strategist at Deutsche Bank, lists down the CORAX Positioning Data from 03-May-2016. Key Quotes “Yen longs heavily extended after BoJ inaction, AUD longs pared...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 07:36
FxWirePro: USD/JPY Trades a Narrow Range, Holds Gains Above the 107 Handle USD/JPY has been trading a thin range in the Asian session, with day's highs at 107.20 and lows at 106.88. The pair has been recovering from fresh 18-month lows at 105.54 (3rd May), but upside lacks momentum...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 07:31
FxWirePro: EUR/JPY Takes Support at Channel Base, Wait for Break Above Resistance at 123.1134 The pair has been bouncing from last 3-4 days after testing supports at 121.680. Upswings favoured by momentum that signalled by leading oscillators, but longs accepted only above resistance at 123...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 07:29
GBP/USD Corrects Higher Above 1.4500 Ahead of UK PMI The bears appear to face exhaustion after the recent extensive declines, allowing GBP/USD to stage a minor corrective rally above 1.45 handle, as focus now remains on the UK services PMI...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 07:08