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FxWirePro: GBP/USD Rallies to 12-Week High, Outlook Remains Bullish The British pound surged strongly on Friday to hit 12-week high against dollar as investors sold off dollar on back of cautious tone on further rate hike by Federal Reserve earlier in the week...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 16:54
Canadian Bonds Slump on Tracking Firm Crude, Despite Weak GDP Figure The Canadian government bonds slumped on Friday for second straight day on following strong crude oil prices. The yield on the benchmark 10-year bonds, which moves inversely to its price, moved up 0.40 pct to 1...
Market News
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Roberto Jacobs, 29 April 2016, 16:05
China's Commodity Frenzy Defies Regulatory Curb and Higher Fees Last week all three exchanges, Shanghai futures exchange, Zhengzhou commodity exchange and Dalian commodity exchange all hiked commodity futures fees in order to prevent excessive speculations in China’s commodity markets, but that i...
Market News
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Roberto Jacobs, 29 April 2016, 16:03
U.S. Treasury Yields Rise Modestly on Profit Booking The U.S government bonds slumped as investors booked profit on last day of the week after long weekly rally due to FOMC decision. Also, firm crude oil prices drove investors from safe-haven assets...
Market News
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Roberto Jacobs, 29 April 2016, 16:00
USD/JPY Regains 107.00 but Hovers Near 18-Month Lows USD/JPY extended weakness on Friday and broke below April lows to set a fresh 18-month trough as investors continue to assess BoJ and Fed decisions. USD/JPY fell below the 107 mark and scored its lowest level since October 2014 at 106...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 15:56
US: Personal Income Rises 0.4% in March; PCE in Line with Expectations The Bureau of Economic Analysis informed that during March personal income increased 0.4%, above the 0.3% gain expected by market consensus; personal spending rose 0.1%, below expectations of a 0.2% increase...
Currency
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Roberto Jacobs, 29 April 2016, 15:55
USD/MXN Drops to 4-Month Lows, Eyes 17.00 The Mexican peso is rising sharply against the US dollar as it continues to rally for the fifth day in a row. USD/MXN broke below 17.15 and tumbled to 17.04, reaching the lowest level since December 21. The pair is trading near daily lows, eying 17.00...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 15:50
Gold Headed for its Highest Close Since Jan. 2015 Gold continues to get a boost from weaker US Dollar and the yellow metal has now surged past $1280 level, its highest level since March 11...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 15:45 #gold
GBP/USD: The Price is Unlikely to Go Above the Level of 1.4625. Technical Analysis of 29/04/2016. Review and dynamics The pair GBP/USD has been growing for the third consecutive week. Earlier, the pair went up in the channel on the daily chart consolidating above support level of 1...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 15:41
GBP/USD: Consumer Confidence in the UK Fell in April. Fundamental Analysis of 29.04.2016. According to the data presented by research company GfK today, consumer confidence index in the UK fell to the negative value of -3. This is the lowest level since the end of 2014...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 15:33
US Stocks Futures Point to a Yet Another Weak Start Tracking weakness across Asian and European stock markets, major US stock indices futures are pointing to a lower opening on Friday...
Market News
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Roberto Jacobs, 29 April 2016, 15:27
USD/CAD Struggling to Recover, Holds 1.2500 Handle The USD/CAD pair's attempted recovery from 1.2500 mark fizzled out near 1.2530 level after the release of monthly Canadian GDP data. Just ahead of the release the pair recovered from day's through but failed to extend the recovery beyond 1.2530...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 15:23
EUR/USD Extends Gains After US Data, Nears Monthly Highs EUR/USD regained the 1.1400 level and climbed to fresh highs at the beginning of the New York session as the greenback took another hit from tame US inflation data...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 15:20
AUD/USD Turns Flat, 0.7600 Eyed The AUD/USD pair erased most of its day's gain and is currently trading at 0.7627, nearly unchanged from yesterday's close of 0.7625. Following Wednesday's release of weak Australian CPI number that showed inflation dropping below 0...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 15:16
USD/CHF Falling for the Fifth Day in a Row The Swiss franc extended gains versus the US dollar on Friday. Since the beginning of the week USD/CHF lost 150 pips and recently bottomed at 0.9606, the lowest level in a week. The pair today accelerate to the downside after breaking below 0.9650...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 15:13 #usdchf
GBP/USD Retraces but Moves Back Above 1.4600 Handle The GBP/USD pair surrendered all of its gains to drop back below 1.4600 handle before recovering back into positive territory to trade with marginal gains near 1.4615 level...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 15:05
GBP/JPY Extends Decline to 156.00 The decline that started on Thursday after the Bank of Japan decided to leave monetary policy unchanged in the GBP/JPY pair continued on Friday. The pair dropped further and bottomed at 156.06, the lowest since April 19. So far, the area around 156...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 15:02
EUR/JPY Just Managing to Hold 122.00 Level Extending its sharp slid on Thursday, the EUR/JPY pair dropped back below 122.00 on Friday before witnessing a minor bounce off day's through to currently trade just above 122.00 mark. The 122...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 14:59
Yen Gaining Strength – BBH Research Team at BBH, suggests that part of the yen's strength reflects the weakness of the US dollar but another part of it looks independent of US developments...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 14:57
NZD/USD Could be Eyeing to Reclaim 0.7000 The NZD/USD pair continues to inch higher and has now moved above yesterday's high to trade near 0.6988, within striking distance of reclaiming 0.7000 handle...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 14:55 #nzdusd