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EUR/USD Dip is a Buying Opportunity - BNPP Research Team at BNP Paribas, are bullish on EUR/USD from current levels and have established a long trade recommendation at 1.1290, targeting a rise to 1.1600, with a stop-loss placed at 1.1140...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 09:21
Technical Analysis of GBP/CHF for April 18, 2016 Wave summary: We continue to look for support at 1.6229 being able to protect the downside for a clear break above 1.6492 that will call for a continuation higher to 1.6830 and above. Only an unexpected break below 1...
Oil Sell-Off Isn’t Helping Gold Oil sell-off and the resulting risk-off in the markets is not helping gold, which has surrendered gains to trade around $1233/Oz levels. Trades below 50-DMA Metal hovers below its 50-DMA level of $1234 levels after having clocked a high of $1240 in early Asia...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 09:14
Doha Talks Add to AUD & CAD Downside Vulnerability - BNPP Research Team at BNP Paribas, suggests that the commodity strategists note that the Doha meeting produced the most bearish outcome for oil prices amongst the various scenarios the market was looking at: no deal, no future calendar and...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 09:10
AUD/USD Sharply Lower After Doha, Around 0.7660 The Aussie dollar is following the rest of the risk associated assets at the beginning of the week, sending AUD/USD to the lower end of the range near 0.7660. AUD/USD finds support near 0...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 09:08
EUR/NOK Seen Lower Medium Term – Danske Bank Analyst at Danske Bank Kristoffer Lomholt expects the cross to head lower towards the second half of the year...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 08:39
ECB in Focus this Week After Failed Doha Talks – Danske Bank Research Team at Danske Bank, suggests that there are no major data releases today...
Market News
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Roberto Jacobs, 18 April 2016, 08:37 #ECB
Gold Bid in Asia on Increased Safe-Haven Flows Gold extends gains for the second straight session this Monday as investors seek safety assets amid oil-driven sell-off across the financial markets. Gold: $ 1240 tested Currently, gold trades 0.17% at 1235.92, retreating from session highs of 1239...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 08:33 #gold
EUR/JPY Focus Remains on 120.00 – Commerzbank Axel Rudolph, Senior Technical Analyst at Commerzbank, noted the cross still remains under pressure. Key Quotes “EUR/JPY remains under pressure and attention remains on the 120.00 region but do not have much to suggest a move beyond that currently”...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 08:30
Elliott Wave Analysis of EUR/NZD for April 18 - 2016 Wave summary: We continue to look for support at 1.6229 being able to protect the downside for a clear break above 1.6492 that will call for a continuation higher to 1.6830 and above. Only an unexpected break below 1...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 08:28
Elliott Wave Analysis of EUR/JPY for April 18 - 2016 Wave summary: On Friday, we saw a failure to break clearly below 122.54 indicating that a fifth wave failure has been seen for red wave [v] and red wave [iii]. However, we expected resistance at 123...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 08:26
Crude Oil Likely to Give Back Gains as DOHA Talk Fails - TDS Research Team at TDS, suggests that with the oil market not getting a production freeze in DOHA, it is likely that crude oil gives back most of the gains made in recent days...
Crude Oil
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Roberto Jacobs, 18 April 2016, 08:24 #crude oil
GBP/USD Attempting a Break Below Hourly 200-MA GBP/USD is on a weak footing amid oil driven risk-off in the markets, now attempting a break below 1.4164 (hourly 200-MA + hourly 50-MA + 23.6% of 1.5230-1.3835...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 08:21
On Monday, the most discussed topic in the financial markets is a summit in #Doha, which was held this weekend. The results of the summit, or rather the lack of results, have disappointed investors. So why the talks in Qatar have failed? Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 18 April 2016, 08:12 #Trading, forex
Daily Analysis of USDX for April 18, 2016 USDX is finding dynamic support above the 200 SMA, but the overall structure is bearish, as the price action is favoring the lower low pattern formations on a short-term basis. A breakout below the 94.40 level will expose the Index towards the 94...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 08:09
Daily Analysis of GBP/USD for April 18, 2016 The pair is trying to ride a bullish trend above the 200 SMA on the H1 chart, but it seems it could restart the overall bearish bias toward the 1.4108 level. If a breakout happens below there, then we can expect another decline to the April 6th lows...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 08:07
RBNZ Cycle Low for the OCR will be 1.88% - Westpac Imre Speizer, Senior Market Strategist at Westpac, suggests that the NZ market pricing for the RBNZ’s OCR low has stabilised, now implying the cycle low for the OCR will be 1.88% (from 1.82% last week...
Currency
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Roberto Jacobs, 18 April 2016, 08:04
EUR/USD Surrenders Gains, Back to 1.1280 EUR/USD has abandoned the area of daily highs above the 1.1300 handle, slipping back towards the 1.1285/80 band ahead of the opening bell in Euroland. EUR/USD focus on risk trends The pair could not sustain the earlier advance beyond the 1...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 08:02
EUR/GBP Rises Further to Test 20-DMA, Near 0.7970 The offered tone surrounding the pound keeps growing bigger as we head into the European morning, sending EUR/GBP to fresh session highs in the upper band of 0.79 handle...
Analytics & Forecasts
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Roberto Jacobs, 18 April 2016, 08:00
Technical Analysis of EUR/USD for April 18, 2016 When the European market opens, some economic news will be released such as the German Buba Monthly Report. The US will release economic data too such as the NAHB Housing Market Index...