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EUR/USD Outlook Constructive Near Term – Westpac Richard Franulovich, Strategist at Westpac, has reiterated the constructive outlook for EUR/USD into next week’s ECB meeting...
Currency
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Roberto Jacobs, 14 April 2016, 12:47
Canada: A walk Back to Neutral - ING James Knightley, Senior Economist at ING, suggests that a more upbeat prognosis from the Bank of Canada suggests a long period of policy stability lies ahead...
Currency
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Roberto Jacobs, 14 April 2016, 12:44
China: Trade Balance Below Expectations – Deutsche Bank Research Team at Deutsche Bank, suggests that the China’s trade balance printed a little below expectations in March with a surplus of $US29.86bn versus consensus expectations of a $US34.95bn outturn...
Market News
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Roberto Jacobs, 14 April 2016, 12:41 #China
BoC Ctrikes Cautious Tone, Dampening Loonie Upside - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the Canadian dollar has weakened modestly following yesterday’s more dovish than expected BoC policy meeting and release of their latest Monetary Policy Report...
Currency
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Roberto Jacobs, 14 April 2016, 12:39
NZD/USD: Supply Capping Minor-Recovery Near 0.6880 The NZD/USD pair faced strong selling pressure ahead of 5-DMA, and the prices stalled its recovery as the US dollar continues to trade higher across the board. NZD/USD recovers 50-pips from daily lows Currently, the NZD/USD pair slumps 0.77% to 0...
Currency
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Roberto Jacobs, 14 April 2016, 12:36 #nzdusd
EUR/USD Unmotivated Near 1.1260, Focus on US CPI The shared currency is posting moderate losses vs. the dollar on Thursday, with EUR/USD hovering over the 1.1260 area...
Currency
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Roberto Jacobs, 14 April 2016, 12:29
Gold Analysis for April 14, 2016 Since our previous analysis, gold has been moving downwards. The price tested the level of $1,228.99 in a high volume. According to the daily time frame, I found that head and shoulders pattern (topping formation) is forming...
Analytics & Forecasts
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Roberto Jacobs, 14 April 2016, 12:25 #gold
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, April 14th EUR/USD continues to lose ground following the general recovery of the dollar, renewing this month lows at 1.1254 spot. The dollar index now trading at multi-day highs...
Analytics & Forecasts
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EEAnalytics, 14 April 2016, 12:23
AUD: Stronger Employment Report Offsets Credit Rating Warning - MUFG Lee Hardman, Currency Analyst at MUFG, suggests that the Australian dollar continues to derive support so far this year primarily from the easing of economic growth concerns in China and dampened Fed rate hike expectations...
Currency
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Roberto Jacobs, 14 April 2016, 12:22
BOE Monetary Policy Preview: What to Expect of GBP/USD? Bank of England (BOE) is widely expected to keep rates unchanged and the minutes are likely to show the interest rate vote count stayed unchanged at 9-0. GBP/USD pair made a failed attempt to take out 1.4354 (61.8% of 1.4669-1...
Currency
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Roberto Jacobs, 14 April 2016, 12:19
Mixed retail sales and weak PPI data and a strong 10-year auction supported a decent intraday rally in longer-end Treasuries that reversed a softer start and left yields mixed at the close and the curve several bp flatter on modest short-end losses and long-end gains...
Analytics & Forecasts
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Batur Asmazoglu, 14 April 2016, 12:16
SGD: Singapore Surprise with Policy Easing - Investec Research Team at Investec, suggests that the big story overnight in currency markets was the unexpected loosening of policy by the Monetary Authority of Singapore (MAS), weakening regional Asian currencies in the process as the Singaporean Dol...
Currency
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Roberto Jacobs, 14 April 2016, 12:14
AUD/USD Firmer, Looks to Regain 0.7700 The Aussie dollar is gathering further traction today, now lifting AUD/USD to test fresh highs in the 0.7700 neighbourhood...
Currency
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Roberto Jacobs, 14 April 2016, 12:12
FxWirePro: BTC/USD Consolidates in Narrow Range, Good to Buy at Dips Major Resistance - $428 BTC/USD has slightly retreated till $420.57 at the time of writing after making a high of $426.67. It is currently trading around $422. Short term trend is slightly bullish as long as support $400 holds...
Analytics & Forecasts
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Roberto Jacobs, 14 April 2016, 12:08
Technical Analysis of USD/CHF for April 14, 2016 USD/CHF is expected to prevail its upside movement. The pair remains in a bullish trend, supported by its ascending 20-period and 50-period moving averages. The nearest support at 0.9610 should limit any downward attempts...
Technical Analysis of NZD/USD for April 14, 2016 Downside movements are expected to prevail in NZD/USD. The pair clearly reversed down, and is now capped by its falling 20-period and 50-period moving averages on an intraday basis...
Technical Analysis of GBP/JPY for April 14, 2016 GBP/JPY is under pressure and expected to trade in lower range. The pair ran down to 155.75 overnight before posting a rebound. Currently, the rebound is losing momentum while the pair remains capped by the descending 50-period moving average...
Technical Analysis of USDX for April 14, 2016 The Dollar index is reversing upwards as we expected. Bulls were warned that a reversal was coming. Price broke above the downward sloping wedge and now it is turning upwards in an impulsive pattern...
Technical Analysis of Gold for April 14, 2016 Gold price is moving exactly as we predicted. Price reversed lower and pushed below short-term support towards our short-term target of $1,230 as we pointed out yesterday. Gold could see a bounce today. I expect price to continue lower towards $1,190...
The RBA’s attempt to talk down the currency has done little damage to the AUD. In fact, it spiked higher on the day of the RBA meeting, where the statement mentioned that “an appreciating exchange rate could complicate the adjustment underway in the economy...
Analytics & Forecasts
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Vasilii Apostolidi, 14 April 2016, 11:52