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EUR/GBP Better Bid on Weaker GBP, Re-takes 0.8100 The cross in the EUR/GBP witnessed a volatile European session so far, as the staunch remarks from ECB Chief Draghi did little to help the shared currency against sterling. EUR/GBP retreats from 1-1/2 year tops Currently, the EUR/GBP pair trades 0...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 11:17
USD Could Slip Towards 93.00/92.50 – Westpac Richard Franulovich, Strategist at Westpac, sees the decline in the dollar could extend to the 92.50/93.00 area...
Currency
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Roberto Jacobs, 7 April 2016, 11:13
USD/JPY Focus is Now on 106.63 – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, has noted the relevance of the 106.63 level in light of the ongoing weakness in the pair...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 10:45
Gold Strengthens From 5-DMA Support Gold found support at 5-DMA level of $1224.57 and strengthened to a high of $1231.72 levels amid volatility in the FX markets and rise in European equities...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 10:41 #gold
GBP/USD Vulnerable, Still Neutral – UOB In view of the research team at UOB Group, the pair’s outlook remains neutral in the near term, although downside risks have been increasing. Key Quotes “The break below the major 1.4050 support was short-lived as GBP rebounded strongly from a low of 1.4006...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 10:40
Technical Analysis of USD/CHF for April 07, 2016 USD/CHF is expected to trade in a lower range and continue its downside movement. Technically, the pair remains weak below its falling 50-period moving average. The nearest resistance at 0.9595 maintains the strong selling pressure on the prices...
Technical Analysis of NZD/USD for April 07, 2016 NZD/USD is expected to trade in a higher range. The pair remains on the upside after overnight's rebound from a low of 0.6800. The bullish bias is maintained by the ascending 20-period moving average...
Technical Analysis of GBP/JPY for April 07, 2016 GBP/JPY is under pressure and expected to trade in lower range and move towards 152.35. The pair has been capped by its descending 50-period moving average and it is looking for a lower bottom...
EUR/USD Turns Negative Near 1.1380 The upside momentum in EUR/USD seems to have found strong resistance in the area of 1.1450/60, fresh 2016 tops...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 10:29
USD/JPY Sell-Off Extends in Europe, 108.50 Tested The USD/JPY pair keeps falling post-Europe open, with the bears completely in control and now look to test the next psychological support placed at 108.00...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 10:27
Technical Analysis of USDX for April 7, 2016 The Dollar index has broken support yesterday and is moving lower towards our 93 target area. Dollar bears need to be very cautious as the price is showing bullish divergence signals and if we reverse upwards above 95...
GBP/USD – Bears are Back, Drops Below 1.41 GBP bears made their presence felt once again in early Europe, pushing GBP/USD to a session low of 1.4048 levels. Rejected at hourly 50-MA Spot made failed attempts to break above hourly 50-MA, opening doors for a fresh sell-off in Europe...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 10:22
Technical Analysis of Gold for April 7, 2016 Gold continues to move sideways but is still inside the bearish channel. The trend remains bearish as long as the price is below $1,240 with increased chances of a push lower towards $1,190...
Elliott Wave Analysis of EUR/NZD for April 7 - 2016 Wave summary: We are still waiting for some real upside acceleration, but to signal the beginning of this upside acceleration, a break above resistance at 1.6800 and, more importantly, a break above 1.6874 is needed to call for a rally to 1...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 10:16
Elliott Wave Analysis of EUR/JPY for April 7 - 2016 Wave summary: We have now seen the expected break below the important support at 124.64 confirming a continuation lower to 122.06 and 117.38 to end the corrective decline from 141.04. Short-term resistance is now seen at 125...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 10:14
Daily Analysis of Major Pairs for April 7, 2016 EUR/USD: Since the EUR/USD tested the resistance line at 1.1400, it has been difficult for the price to go above that line. The bulls have continued battering that line of defense (an action that started last week...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 10:11
Technical Analysis of EUR/USD for April 07, 2016 When the European market opens, some economic news will be released such as ECB Monetary Policy Meeting Accounts, French 10-y Bond Auction, French Trade Balance...
Technical Analysis of USD/JPY for April 07, 2016 In Asia, today Japan will not release any economic data but the US will release some economic data such as Consumer Credit m/m, Natural Gas Storage, Unemployment Claims...
Oil: Bucked the Downtrend and Showed Some Signs of Life - Rabobank Stefan Koopman, Market Economist at Rabobank, notes that oil bucked the downward trend and showed some signs of life...
Crude Oil
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Roberto Jacobs, 7 April 2016, 10:00
Japan: Stronger Yen Testing Japanese Policymakers – MUFG Lee Hardman, Currency Analyst at MUFG, notes that the yen has continued to strengthen in the Asian trading resulting in USD/JPY falling below levels which prevailed prior to the BoJ’s decision to extend QQE on the 31st October 2014...
Currency
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Roberto Jacobs, 7 April 2016, 09:58