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GBP/USD Points to Further Decline – UOB According to the research team at UOB Group, the pair could face further downside in the next 1-3 weeks. Key Quotes “We have been neutral on GBP since 23 March and the recent choppy movement reinforces our view”...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 11:11
USD/CAD Targets 1.34/1.35 – Westpac Strategists at Westpac have reiterated the pair could test the 1.34/1.35 band. Key Quotes “USD/CAD looks exceedingly cheap via-a-vis energy prices, the latter close to retracing about 1/2 its mid-Feb to mid-March gains while USD/CAD has barely bounced”...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 10:42
EUR/CHF Offered Below 1.0971/78 – Commerzbank In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the outlook on the cross remains offered below the 1.0971/78 area...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 10:40
EUR/USD Under Pressure, Testing 1.1350 The shared currency is prolonging its correction lower today, sending EUR/USD to print daily lows in the mid-1.1300s. EUR/USD focus on FOMC minutes The pair is retreating since Monday after clinching fresh 2016 peaks in the vicinity of 1...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 10:38
Brent Oil Backs Off From Daily Highs, Eyes US Supply Data Brent prices rallied to a session high of $38.80 before it trimmed gains to trade around $38.55 levels...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 10:36
USD/CHF Firmer, Advances Beyond 0.9600 The greenback is extending its upside momentum today, taking USD/CHF to the area of session highs in the 0.9600 neighbourhood...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 10:34 #usdchf
RBA’s Kent - Large Exchange-Rate Movement May Be Big Shock to Economy Reserve Bank of Australia’s (RBA) Kent was on the wires calling large exchange rate movement could result in a big shock to the economy...
Market News
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Roberto Jacobs, 6 April 2016, 10:31
FOMC: Expect a Very Dovish Set of Minutes - Rabobank Stefan Koopman, Market Economist at Rabobank, suggests that the minutes of the FOMC’s March meeting should provide more insight into why the Fed’s now projecting a shallower path of interest rates...
Market News
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Roberto Jacobs, 6 April 2016, 10:29 #FOMC
Technical Analysis of Gold for April 6, 2016 Gold bulls tried to push the price higher yesterday but the price still remains inside the bearish channel and the most probable outcome remains a move towards $1,190 before a bigger bounce...
Gold Turns Negative as Oil Rallies Gold prices turned negative as corrective rally in oil, coupled with a n upbeat China services PMI data calmed market nerves and capped safe haven demand. Eyes 50-DMA Prices appear on track to test 50-DMA support at $1219.05 levels...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 09:33
US: Jobs Market Not So Strong - ING James Knightley, Senior Economist at ING, suggests that the latest Federal Reserve’s Labour Market Conditions index posted a third consecutive drop, hinting that the jobs market may not be as strong as Friday’s payrolls report had suggested...
Market News
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Roberto Jacobs, 6 April 2016, 09:31
Technical Analysis of USD/CHF for April 06, 2016 Wave summary: We are still looking for support near 1.6640 to protect the downside for a rally above 1.6833 confirming upside acceleration towards 1.7220 on the way higher to 1.8550. Even if minor support at 1...
US: Trade Deficit Getting Wider and Wider - Rabobank Stefan Koopman, Market Economist at Rabobank, notes that according to the latest US trade figures, the deficit in February was even wider than projected in last week’s advanced estimate. Key Quotes “Imports of goods exceeded exports by USD 47...
Market News
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Roberto Jacobs, 6 April 2016, 09:26
Technical Analysis of NZD/USD for April 06, 2016 NZD/USD is under pressure and expected to trade in a lower range. The pair remains under pressure below its key resistance at 0.6850, and is likely to challenge its nearest support at 0.6755 (April 5 low...
It seems that recent JPY strength has been driven by global risk appetite, although I admit that Abe's statement speaking out against "currency manipulation" had been the trigger to briefly push USDJPY below 110.Someinvestors hoped Japan would intervene to stop JPY from rallying further...
Analytics & Forecasts
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Batur Asmazoglu, 6 April 2016, 09:17
Technical Analysis of GBP/JPY for April 06, 2016 GBP/JPY is expected to trade in a lower range as the pair is under pressure. The pair stays below its resistance at 157.15 and has been capped by its descending 50-period moving average...
GBP/USD – Bear Grip Strengthens, Slides Further Sterling bears continue their relentless march, pushing GBP/USD to a fresh daily low of 1.4113 levels. Rejected at 23.6% Fibo A minor attempt by bulls to regain control of the pair was thwarted around 1.4165 (23.6% of 1.5230-1...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 09:07
BOJ May Hit Bond Purchase Limit in 2017 – Ex-BOJ Deputy Governor Iwata Former BOJ deputy governor Kazumasa Iwata said in a Bloomberg interview published on Wednesday, that the central bank will reach its bond buying limit by mid next year, which will make negative interest rates policy a key tool...
Market News
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Roberto Jacobs, 6 April 2016, 09:05
FXWIREPRO: NZD/JPY's More Bearish Scope 74.500 After Breach of Crucial Support 75.922 - Bets on Debit Put Spreads for Speculation The pair declined soon after the formation of long legged doji at 77.718 levels, fell from the highs of 78.210 to the current 75.177 levels...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 08:59
AUD/JPY Ends a 3-Day Slide, Near 50-DMA The bid tone surrounding AUD/JPY weakened a bit ahead of European open, as the AUD bulls took a beating after the risk sentiment came under mild pressure. AUD/JPY regains 83 and beyond The AUD/JPY pair now advances 0.29% to 83...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 08:54