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The USD/CAD is close to a key level and bulls are preparing for a last stand; BMO’s Andersen suggests they may actually win. The US Dollar to Canadian Dollar (USD/CAD) continues falling, with no sign of change to the medium-term down-trend. If it breaks below the 1...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 17:51 #forex
With AUDUSD trading over 0.76, it was just over a year ago when the RBA surprised markets with a rate cut due to AUD strength (then trading around 0.78...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 17:04 #forex
The greenback, tracked by the US Dollar Index, has given away initial gains and is now back around the 94.55/50 area. US Dollar weaker post-US data The index faded the earlier spike to the vicinity of 94...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 16:40
International Monetary Fund (IMF), while speaking on China, said the nation needs to have a greater communication to avoid overreaction in the financial markets...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 16:22 #China
AUD/USD: A Meeting of RBA will be Held Tomorrow Tomorrow at 06:30 (GMT+2) a meeting of the RBA will be held. Since the beginning of the year the pair AUD/USD has grown by 12%, reaching the new high at the level of 0.7720 at the end of March...
Analytics & Forecasts
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Roberto Jacobs, 4 April 2016, 16:21
Citigroup Inc., the world’s biggest currency trader, says it’s “too soon” to buy the U.S. dollar after it slumped to a nine-month low and economic data came in stronger than forecast. A gauge of the dollar was little changed Monday after dropping 1...
Currency
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Francis Dogbe, 4 April 2016, 16:21
Brent: Pressure on the Price Continues Weekly data released by the US Department of Energy last Wednesday showed the rise in the US oil reserves; which together with statement by Saudi crown prince Mohammend bin Salman, caused the decline in the price of crude oil Brent on Friday against the rise...
Crude Oil
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Roberto Jacobs, 4 April 2016, 16:18 #Brent
EUR/USD regained the 1.14 handle on Monday following a poor release from US Factory Orders. EUR/USD challenges highs above 1.14 Spot kept the buoyant tone after US Factory Orders have contracted 1.7% MoM in February, matching estimates albeit reverting January’s 1...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 16:16 #EUR/USD
A contraction in the US factory orders is not helping GBP/USD, which appears to have run out of steam after having clocked a daily high of 1.4320 levels. Trades around 1.4280 The spot is slowly trimming gains, now trading around 1.4280 levels even though the US factory orders fell 1...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 16:14 #GBP/USD
Brent: Oil Prices Go Down Qatar’s Minister of oil Mohammed bin Saleh al Sada said that 12 countries confirmed their participation in the upcoming meeting, devoted to freezing of oil production. The meeting will be held on 17 April in Doha...
Crude Oil
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Roberto Jacobs, 4 April 2016, 16:14 #Brent
Analytical Review of the Currency Pair EUR/USD Technical data of the currency pair: Previous closing: 1.1389; Daily range: 1.1371-1.1412; Opening: 1.1400...
Analytics & Forecasts
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Roberto Jacobs, 4 April 2016, 16:12
The EUR is now starting to outperform again, with the support in EUR/GBP coming in a little earlier than we anticipated. Losses bottomed out around .7955, some 25-30 ticks off the support levels we mentioned earlier, and this has helped generate a spot EUR move back through 1...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 16:08
EUR USD, “Euro vs US Dollar” The local ascending tendency continues. Despite the market is still moving above the H4 Super Trend, Eurodollar may try to break it. If later the pair recovers and starts moving above the H4 Super Trend, the price will continue growing towards the 6/8 level...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 16:06 #EUR/USD
What Drives AUD/USD's Prospects in Long Term (in H2'2016) and OTC Positions? The rally extended last week as the AUD continued to push to fresh 2016 highs...
Analytics & Forecasts
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Roberto Jacobs, 4 April 2016, 16:06
FXWIREPRO: Hedge AUD/USD's Exporter Fx Risks on Long Term Forecasts and Events Via 2:1 Backspreads Over the longer-term, we expect AU growth to remain subpar and AUD to drift lower. But, there have been a few key things to watch out in H2 of 2016...
Analytics & Forecasts
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Roberto Jacobs, 4 April 2016, 15:58
Gold flirted with 50-DMA at $1215 levels throughout European session, before recovering losses on the back of a dip in treasury yields. Gold down 0...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 15:57 #gold
USD/JPY fell to retest daily lows as the greenback came under pressure at the beginning of the American session while stocks started lower in Wall Street. USD/JPY turned lower as the dollar reversed its early gains and pulled back from the 111.70 area, with the pair returning to the 111.30 zone...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 15:55 #usd/jpy
In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s remains bid above 0.7416. “AUD/USD as we highlighted last week, the recent high of .7722 had been accompanied by a divergence of the daily RSI and we had not seen a close above the...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 15:54
U.S. Government Bonds Climb As Investors Eye Crude Oil Prices, FOMC Minutes The U.S. sovereign bonds rallied on Monday as investors are closely monitoring a spike in the prices of crude oil and waiting to read any hints from Federal Reserve members’ comments for future policy actions...
Market News
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Roberto Jacobs, 4 April 2016, 15:54
In today's technical update, we look at GBP/USD, NZD/USD, WTI Oil and Gold prices, with Richard Perry, Market Analyst for Hantec Markets, also joined by Zak Mir, Technical Analyst for Zak's Traders Café, and Bill Hubard, Market Analyst for Opteck.com, on the Tip TV Finance Show...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 15:52