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Karen Jones, Head of FICC Technical Analysis at Commerzbank, believes the pair could re-test 129.65. “EUR/JPY has eroded the 50% retracement at 127.27”. “The intraday Elliott wave count remains positive and the market has already reached the 128...
Analytics & Forecasts
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Vasilii Apostolidi, 1 April 2016, 14:39
The research team at UOB Group has reiterated its neutral stance on the pair in the next 1-3 weeks. “USD/JPY has remained steady within the 112.00-113.00 region as Japan's fiscal year came to a close...
Analytics & Forecasts
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Vasilii Apostolidi, 1 April 2016, 14:38 #usd/jpy
In opinion of Senior FX Strategist at Rabobank Jane Foley, the pair could retreat to the 1.08 area in the medium-term. Key Quotes “Positioning in both the USD and the EUR has reached an interesting juncture”...
Analytics & Forecasts
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Vasilii Apostolidi, 1 April 2016, 14:36 #EUR/USD
EUR/USD is reverting the initial upbeat tone and has briefly returned below the 1.1400 handle following US Non-farm Payrolls...
Analytics & Forecasts
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Vasilii Apostolidi, 1 April 2016, 14:35 #EUR/USD
EUR/USD Advances Further Around 1.1420 The common currency keeps its buoyant march intact today, now lifting EUR/USD to fresh 2016 highs in the 1.1420/25 band...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 13:51
EUR/USD Trade Idea Major resistance -1.4375 The pair has made a high of 1.4117 and slightly retreated from that level. It is currently trading around 1.13802. Short term trend is slightly weak as long as resistance 1.14375 holds...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 13:49
March Non-Farm Payroll Preview Today NFP report is to be published at 12:30 GMT from US. What is NFP report? NFP or non-farm payroll report is the monthly statistics on labor condition in the US released by US department of labor statistics...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 13:45
A strategy note out from Morgan Stanley suggests the rand is likely to benefit against the Japanese yen over coming weeks. A falling US dollar, rising South African inflation and subsiding political risks make the rand a target for those betting on currency markets...
Analytics & Forecasts
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Vasilii Apostolidi, 1 April 2016, 13:43
US Non-Farm Payrolls Preview: What to Expect of EUR/USD? US March non-farm payrolls figure is due for release today. Markets expect the data to show the economy added 205K jobs compared to 242K additions seen in February. The unemployment rate is seen unchanged at 4...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 13:38
Nonfarm Payrolls: Who Cares? A new month starts and with it we get a new US Nonfarm Payroll report. The US economy is expected to have added 205K new jobs in March, the unemployment rate is expected to remain steady at 4.9%, while wages are expected to pick up after the decline seen in February...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 13:34
0.77 is the next big test in the Australian dollar’s advance against the US dollar, and it is here where the multi-month advance could fail. The exchange rate has been moving higher in a determined fashion since the start of 2016 and is seen at 0.7673...
Analytics & Forecasts
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Vasilii Apostolidi, 1 April 2016, 13:25
US NFP Preview: 8 Major Banks Expectations from the March Print We are heading closer to the release of US Non-Farm payrolls data for the month of March. As we get closer to the release, here are the expectations as forecasted by the economists and researchers of 8 major banks...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 13:22
GBP/JPY Under a Bear Attack, Nears 130 Handle Sterling bears are flexing their muscles after the release of UK manufacturing PMI release, courtesy of which the GBP/JPY cross has extended losses to 160.23 levels. 10-DMA is now resistance Cross has re-established 10-DMA as a resistance...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 13:19
#USDJPY fell to the middle of the trading range of the past two months, where it will likely remain until the release of the U.S. employment data. Published at night #Tankan manufacturing# index did not affect the situation. Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 1 April 2016, 13:08 #Trading
Yesterday #EURUSD has once again recorded growth - the market was closed almost at the important resistance level (February extremum). It is recommended to close long positions and stay out of the market before the release of #NFP. Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 1 April 2016, 13:04 #Trading
AUD/USD: Upside Capped by 0.7680/85, US Jobs Eyed The AUD/USD pair is extending its phase of consolidation in the mid-European session, with the bulls taking a breather heading closer towards the crucial US labour market data. AUD/USD trades below daily pivot at 0...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 13:02
Around mid-February, BNP Paribas made substantial changes to its forecasts for EURUSD and expected EURUSD to stand at 1.14 at end Q1 (from 1.04) and 1.16 at end-Q2. (Source: BNP Paribas, eFXplus) Today, as EURUSD has broken its year-high of 1...
Analytics & Forecasts
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Vasilii Apostolidi, 1 April 2016, 12:58 #EUR/USD
GBP/USD Keeps Falling, Tumbles to 1.4280 GBP/USD is now accelerating its daily downside, dropping to fresh lows in the 1.4280 area ahead of US Payrolls. GBP/USD amidst ‘Brexit’ and Payrolls The sterling is falling to fresh 3-day lows vs...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 12:57
Brent Oil Drops on Saudi’s Hardline Stance Oil prices dropped, with Brent now trading well below $40 handle after Saudi’s crown price said his nation would freeze output only if Iran and other nations do so. Rejected at 10-MA Futures were rejected at 10-DMA level of $40...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 12:55
Dear Traders, Bulls take control of both major currency pairs, although the British pound struggled with an extension of its recent gains. As noted in previous analysis, we still expect the pound to come under renewed pressure in the near-term and we anticipate a drop towards 1.4280 and 1.42...
Analytics & Forecasts
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maimarfx, 1 April 2016, 12:54