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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
AUD/USD Still Expects a Pullback to 0.7480 – UOB According to analysts at UOB Group, the Aussie dollar could head towards the 0.7475/80 band in the near term. Key Quotes “We shifted to a neutral stance last Wednesday and expected the pull-back in AUD to extend lower to test the 0.7475/80 support”...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 12:23
UK: Domestic Political Developments Increase Brexit Risk - MUFG Lee Hardman, Currency Analyst at MUFG, suggests that the Pound weakness remains relentless early this year ahead of the EU referendum...
Currency
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Roberto Jacobs, 12 April 2016, 12:21
IMF and US Data at The Centre Stage - Rabobank Piotr Matys, EM FX Strategist at Rabobank, suggests that the International Monetary Fund will publish its latest World Economic Outlook. Christine Lagarde has already hinted that the IMF may revise lower its economic forecasts...
Market News
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Roberto Jacobs, 12 April 2016, 12:19 #IMF
AUD/USD Firmer, Clinches Highs Near 0.7680 The better tone around the risk-associated space is bolstering the upside in AUD/USD to the vicinity of 0.7680 on Tuesday...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 12:16
UK Inflation Beats Expectations - ING James Smith,Economist at ING, suggests that the core inflation (at 1.5%) is creeping closer to target, which alongside an expected boost from higher import prices this year, will put pressure on the BoE to hike rates should the UK vote to remain in the EU...
Market News
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Roberto Jacobs, 12 April 2016, 12:13
Gold Regains Poise, Hits Fresh 4-Week Highs Above $ 1260 Gold bulls regained control over the last hours and drove the prices to the highest levels since mid-March, as the US dollar ran through fresh offers and fell to fresh multi-month lows against its major rivals...
Metals
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Roberto Jacobs, 12 April 2016, 12:11 #gold
Our Daily wave count suggests that British Pound has entered into a corrective wave 4, which up to now is developing to be a zigzag. The most important level to watch here is 1.400 which should not be broken in case GBP/USD is to reach a higher point as suggested by our current and past analysis...
Wave Count
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AynGannRand, 12 April 2016, 12:10