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U.S. Dollar Making a Recovery on Hawkish Fed Speakers The U.S. dollar is showing signs of a correction after a steady lineup of hawkish Fed speakers yesterday from Harker, Williams and Lacker and were increasing expectations for a June rate hike...
Currency
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Roberto Jacobs, 13 April 2016, 19:39
EUR/USD Remains Vulnerable Below 1.1300 EUR/USD has spent the last hours consolidating near 2-week lows following an over 100-pip slide. The euro managed to recover a few pips following below-expectation US retail sales data, but dollar’s pullback short-lived and EUR/USD resumed the decline...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 19:35
FXWIREPRO: GBP/USD Neutral Near-Term, Scope for Upward Resumption GBP/USD rebounded strongly towards 1.4255 levels in the early US session after US retail sales data printed negative figures. However, the pair turned back after failing to break resistance level 1...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 19:10
Brent: Will the Price Go Above the Level of 45.00? Yesterday’s mixed economic statistics prevented the rise in price of crude oil Brent up to the level of 44.78 USD per barrel...
Crude Oil
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Roberto Jacobs, 13 April 2016, 19:07 #Brent
Dueling Fed GDP Trackers - BBH Analysts at Brown Brothers Harriman explained that the decentralized nature of the Federal Reserve lends itself to both a division of labor and competitive analysis...
Currency
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Roberto Jacobs, 13 April 2016, 19:00
GBP/USD Hovers Above 1.4200 GBP/USD has edged slightly lower on Wednesday but overall continues to trade within its weekly range, unable to set short-term direction in the absence of fundamental triggers. GBP/USD has continued to retreat from yesterday’s peak of 1...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 18:56
USD/CHF Extends Gains Above 0.9600 The US dollar continued to recover ground against the Swiss franc on Wednesday and now is positive for the current month. Economic data from the US failed to weaken USD/CHF that hit a 2-week high during the American session at 0.9659...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 18:54 #usdchf
AUD/USD Retreats after Testing March Highs AUD/USD is falling on Wednesday, despite weak US economic data. The pair printed a fresh daily low during the American session at 0.7635 and currently it trades at 0.7650/53, down 0.45% for the day. Falling from 0...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 18:52
Markets are trading risk on, buoyed by better than expected China trade data, with Eurostoxx50 more than 2.5% higher and US front-end yields tentatively pushing higher...
Analytics & Forecasts
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Vasilii Apostolidi, 13 April 2016, 18:39 #forex
We expect the bullish momentum of GBPUSD to continue and believe that any downside potential would be a perfect opportunity for a long swing trade. We expect an a-b-c move down to 61% retracement level and that is our ideal buy order. Trade Setup: Long ... Read More...
Scalping
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AynGannRand, 13 April 2016, 17:29
The GBP/USD exchange rate has relinquished its four day advantage, even as front-line US data disappoints market expectations. The U.S. dollar was in fine form in mid-week trade, bringing an end to the poor run we have seen over the course of April...
Analytics & Forecasts
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Vasilii Apostolidi, 13 April 2016, 17:05 #forex
The Bank of Canada HAD to raise its 2016 growth forecast, since the Governor's boss, Minister Morneau, is out touting the benefits of fiscal stimulus, and December/January GDP surprised on the upside...
Analytics & Forecasts
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Vasilii Apostolidi, 13 April 2016, 17:03 #forex
Bank of Canada: Little Prospect of Further Easing - ING James Knightley, Senior Economist at ING, notes that today’s statement from the Bank of Canada, suggests that there is little prospect of any easing in the near future...
Currency
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Roberto Jacobs, 13 April 2016, 16:59
EUR/USD Drops Further to Test 1.1270 The selling pressure is now gathering further steam around the euro, dragging EUR/USD to test lows in the 1.1270 region...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 16:45
EUR/CAD – Drops Below 1.44 after BOC Keeps Rates Unchanged EUR/CAD fell below 1.44 handle after Bank of Canada kept key rates unchanged as expected and revised 2016 GDP forecast higher...
Currency
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Roberto Jacobs, 13 April 2016, 16:43
BoC Leaves Rates Unchanged, Downgrades Growth Outlook The Bank of Canada (BoC) kept its target for the overnight rate unchanged at 0.5%. The Bank Rate is correspondingly 0.75% and the deposit rate is 0.25...
Currency
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Roberto Jacobs, 13 April 2016, 16:41
The Euro remains very range bound. It still by and large tracks the Bund/Treasury spread, albeit trading a little higher than that spread would imply at the moment...
Analytics & Forecasts
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Vasilii Apostolidi, 13 April 2016, 16:27
AUD/USD Gains Capped Around 0.77 – Westpac According to strategists at Westpac, AUD’s upside appears somewhat limited around the 0.7700 handle in the near term. Key Quotes "AUD/USD found fresh buyers and pricing for a May rate cut faded to below 30% after the strong Mar NAB business survey”...
Currency
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Roberto Jacobs, 13 April 2016, 15:59
AUDUSD Daily Chart In its daily chart, AUDUSD pair has created a bullish structure of the lows but not yet to consider a completed intermediate 5-waves up. If we make an extension of waves 1 and 2 ... continue here http://www.forexsignalsfactory.net/2016/04/13/audusd-upcoming-short-term-forecast...
Wave Count
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AynGannRand, 13 April 2016, 15:55 #technical analysis
WTI Below $42.00, Losses Momentum Ahead of EIA The barrel of West Texas Intermediate has retreated from recent highs above the $42.00 mark, returning to the $41.70 area...
Crude Oil
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Roberto Jacobs, 13 April 2016, 15:49