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Technical Analysis of USD/JPY for April 05, 2016 In Asia, Japan will release data on the 10-year Bond Auction, Average Cash Earnings, y/y. The US will unveil some economic data such as IBD/TIPP Economic Optimism, JOLTS Job Openings, ISM Non-Manufacturing PMI, Final Services PMI, Trade Balance...
EUR/JPY Drops to Lowest Since March 24th JPY bulls are on the rampage amid risk-off in the equities, courtesy of which the EUR/JPY cross has dropped to 125.70; lowest since March 24th. Offered below 50-DMA The offered tone gathered pace after the cross breached 50-DMA level of 126.72 in Asia...
Analytics & Forecasts
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Roberto Jacobs, 5 April 2016, 09:28
Market Movers for The Day – Danske Bank Research Team at Danske Bank, suggests that in the US, the most important release today is the ISM non-manufacturing index for March...
Market News
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Roberto Jacobs, 5 April 2016, 09:08
Fed’s Evans: Markets Pricing of Rate Hikes More Pessimistic Than Fed More comments hitting the wires from Chicago Fed President Evans, as he speaks in Hong Kong: Needs to be proactive and aggressive to get up to FED inflation targets Financial markets pricing of U.S...
Market News
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Roberto Jacobs, 5 April 2016, 09:06
Release of a Slew of Services PMIs Today - Rabobank Stefan Koopman, Market Economist at Rabobank, suggests that this morning will see the release of a slew of services PMIs. Key Quotes “At 9:15 CET, Spain will do the kick-off, then followed by Italy, France (final) and Germany (final...
Market News
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Roberto Jacobs, 5 April 2016, 09:04
FXWIREPRO: NZ IRS Yields Indicate RBNZ to Go Below Existing OCR NZD continues to trade well – in trade-weighted terms, it is at a 6m high. RBNZ has been puzzling in recent monetary policies...
Currency
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Roberto Jacobs, 5 April 2016, 09:00
CAD: Trade Deficit Expected to Widen - TDS David Tulk, Head of Global Macro Strategy at TDS, suggests that the Canada's trade deficit is expected to widen in February to $1.0 billion as a pullback in exports is expected to outpace a weaker month for imports. Key Quotes “A forecasted 1...
Market News
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Roberto Jacobs, 5 April 2016, 08:57
CPI is Expected to Rise Modestly in 2016 – China’s NDRC China’s National Development and Reform Commission (NDRC) noted in its latest report that the Chinese price pressures are likely to rise this year, China Securities Journal reports...
Market News
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Roberto Jacobs, 5 April 2016, 08:55
FXWIREPRO: AUD/CAD Extends Range Trade, Capped Below Strong Trendline Resistance at 1.0002 AUD/CAD was rejected by strong trendline resistance at 1.0008. The pair is currently trading around 0.9957 levels after hitting session highs at 0.9976...
Analytics & Forecasts
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Roberto Jacobs, 5 April 2016, 08:52
Gold Ignores Fed Rate Hike Talk, Stays on Front Foot Risk-off in Asia and the resulting safe haven demand overshadowed hawkish talk from Fed officials and kept Gold well bid heading into Europe...
Analytics & Forecasts
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Roberto Jacobs, 5 April 2016, 08:47 #gold
USD/JPY Slumps to Fresh 2016 Lows at 110.60 The USD/JPY pair keeps falling in the early European trades, and now breaches the yearly lows reached at 110.65 last month...
Analytics & Forecasts
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Roberto Jacobs, 5 April 2016, 08:45
Japanese Long-Term Bonds fall on Strong Labour Cash Earnings Report The Japanese long-term bonds slumped on Tuesday after strong labor cash earnings report, which reduces the probability of further BOJ easing in the near term...
Market News
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Roberto Jacobs, 5 April 2016, 08:41
FXWIREPRO: AUD/USD Fades RBA Induced Spike, Slips Below 0.76 Handle AUD/USD saw a 40-pips knee-jerk spike on RBA’s status-quo, hitting session highs at 0.7630. But bears quickly drag the pair lower. The major below 0.76 handle again, currently trading at 0.7589...
Analytics & Forecasts
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Roberto Jacobs, 5 April 2016, 08:38
FXWIREPRO: USD/JPY Breaks Out Demand Zone at 111, Oscillators Lead Bearish Swings - Stay Short on Rallies Break-out below major supports at 111 levels (lower BB, Avrg. of recent lows) signals more scope for downside to targets upto 109.698 or 108.029 levels...
Analytics & Forecasts
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Roberto Jacobs, 5 April 2016, 08:35
USD/JPY Initial Test Comes at 109.90 – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees spot facing support around 109.90. Key Quotes “USD/JPY remained under pressure and is heading to the 110.67 recent low – there is scope for the 109...
Analytics & Forecasts
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Roberto Jacobs, 5 April 2016, 08:32
EUR/USD Drops Further to 1.1380 on German Data, PMIs Eyed The EUR/USD pair is seen extending its retreat from ahead of 1.14 barrier into early Europe, and now hovers near session lows, awaiting fresh incentives from the EMU data releases. EUR/USD remains below 1.1400 Currently, EUR/USD trades -0...
Analytics & Forecasts
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Roberto Jacobs, 5 April 2016, 08:30
GBP/USD Rejected at 50-DMA, Drops Below Hourly 200-MA GBP/USD was rejected at 50-DMA level of 1.4278 in Asia following bears strengthened their hold and pushed it below 1-hr 200-MA located at 1.4254 levels. Trades below hourly 50-MA The spot also sits below its hourly 50-MA level of 1.4249...
Analytics & Forecasts
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Roberto Jacobs, 5 April 2016, 08:27
On Tuesday, the #yen is rising against the U.S. #dollar. On the one hand the growth was caused by a sharp increase in the wage level in Japan. On the other hand the uncertainty weighs on the dollar ahead of the publication of the #Fed meeting minutes. Find out more by checking out the Source Link...
USD/CAD Keeps Highs Near 1.3100 After climbing as highs as 1.3110 in overnight trading, USD/CAD has surrendered some pips and has returned to the 1.3100 region for the time being...
Analytics & Forecasts
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Roberto Jacobs, 5 April 2016, 08:25
NZD/USD Under Heavy Selling Pressure, Below 0.6800 The offered tone around the NZD keeps growing bigger in the early European trades, dragging NZD/USD below 0.68 handle. NZD/USD on its way to 20-DMA at 0.6775 Currently, the NZD/USD pair trades -0.69% lower at fresh session lows at 0...
Analytics & Forecasts
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Roberto Jacobs, 5 April 2016, 08:22 #nzdusd