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EUR/USD – Attempting Break Above Key Fibo, Strong Yen Weighs EUR/USD is having a tough time taking out hurdle at 1.1418 (23.6% of Mar 2015 low-Aug 2015 high) amid strength in Yen and resulting weakness in EUR/JPY cross. Range trading continues Pair is looking to extend the week long range of 1...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 07:12
BoE: Holding its Breath - Rabobank Jane Foley, Senior FX Strategist at Rabobank, notes that the relevance of Bank of England (BoE) policy meetings for asset prices has paled into insignificance recently in comparison to those of the Federal Reserve, ECB and BoJ...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 07:00
Germany: Some Relief but No Reason to Cheer - ING Carsten Brzeski, Chief Economist at ING, notes that the German exports recovered in February, but the revival was too weak to get overly excited and it will take a while before exports can return as powerful growth engine...
Market News
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Roberto Jacobs, 11 April 2016, 06:53
Asian Markets Start the New Week on a Mix Note, Gold Hovers Around $1250 All the major Asian markets are trading on a mix note on Monday. From the data front from China, Country’s Consumer-price inflation was unchanged at a 19-month high. The CPI rose at a steady pace of 2...
Market News
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Roberto Jacobs, 11 April 2016, 06:51
FXWIREPRO: AUD/JPY Holds Above Strong Trendline Support at 80.75, Weakness to Resume on Breaks Below 80.75 Our previous call (http://www.econotimes.com/FxWirePro-AUD-JPY-holds-cloud-top-support-at-8290-good-to-go-short-on-breaks-below-190866) has hit all targets...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 06:48
USD/JPY Stays Weak as Anti Intervention Talks Continue USD/JPY remains under pressure around 107.80 levels as present and Ex BOJ and government officials maintain their “no intervention” stance...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 06:42
FX: Volatility, Volatility Everywhere - Rabobank Jane Foley, Research Analyst at Rabobank, suggests that the negative tone of IMF Chief Lagarde last week and specifically her warnings that time is running out to revive the global economy strengthens a perception held by many investors that many o...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 06:39
FXWIREPRO: USD/JPY Edges Higher from Fresh Multi-Month Lows at 107.63, Finds Strong Support at 107.60 USD/JPY remains with a bearish bias, has hit fresh multi-month lows at 107.63. The pair finds strong support at 107.60, breaks below could see further weakness. Tests of 106.80 and then 106...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 06:37
Japan: Time for Intervents-Yen? – ING Research Team at ING, suggests that despite verbal intervention from the MoF last week, the bar for unilateral FX intervention remains high...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 06:35
•Some economists have revised down their GDP forecasts for the US for Q1 •Japanese policymakers may intervene to curb the strengthening yen •Oil rose by more than 4% on EIA data that showed US crude output was down •There is support for gold and ETF holdings, even in this ‘risk on’ environment •B...
Analytics & Forecasts
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Francis Dogbe, 11 April 2016, 06:16
EUR/USD made a move to higher ground but was rejected on high resistance. Will this be followed by another move up? It now faces final inflation figures among other events. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD...
Analytics & Forecasts
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Francis Dogbe, 11 April 2016, 06:14
JPY: Breaking Point & Yentervention Risks - TDS Research Team at TDS, suggests that the USD/JPY has traded decisively below the key support/ psychological level of 110 and for the near term, the balance of risk remains skewed to the downside...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 06:08
This is the Euro chart today. You can be right on the direction , but your broker will chase your stops . 90 % of losses are from stops , and isn t it funny that when you are stopped out , the market suddenly goes your way The blackBox EA uses ATR stops...
Trading Strategies
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Olivier Nomblot, 11 April 2016, 06:06
Natural Gas Prices Weekly Forecast April 11 – 15 U.S. natural gas futures retreated on Friday, as market players continued to monitor shifting weather forecasts to assess the near-term outlook for U.S. demand and supply levels...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 05:56
FXWIREPRO: Gold Breaks Key Resistance at $1242, Intraday Bias Remains Bullish XAU/USD is currently trading around $1250 mark. It made intraday high at $1251 and low at $1239 levels. Intraday bias remains bullish till the time pair holds key support at $1242 marks...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 05:45
FXWIREPRO: ASX200 Faces Strong Support at 5000, Good to Sell on Rallies Major resistance -5000 (55 4H EMA) Major support 4850 ASX200 has slightly retreated after making a high of 5000. It is currently trading at 4925. Short term trend is slightly weak as long as resistance 5000...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 05:37
FXWIREPRO: Nikkei225 Faces Strong Resistance at 16050, Good to Sell on Rallies Major Support - 15000 (200 W MA) Major resistance - 16050 (55 4H EMA) The index has retreated after making a high of 16020. It is currently trading around 15583...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 05:35
NZD/USD Peeps Above 0.68 Handle NZD/USD extended Friday’s advanced and jumped above 0.68 handle as commodity currencies are being supported by sharp rise in oil. Supported by hourly 50-MA Pair found bids around hourly 50-MA level of 0.6798 following which it rose to a high of 0.6821 levels...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 05:32 #nzdusd
FXWIREPRO: AUD/NZD Fails to Sustain Below 1.1062, Good to Buy on Dips AUD/NZD is trading around 1.1093 marks. Pair made intraday high at 1.1105 and low at 1.1066 marks. Today Australia released home loans data with negative numbers at 1.5% m/m vs -4.4% previous release...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 05:00
We are bullish and look for support near the 0.7475 range lows to underpin a move higher. Our initial targets are at the 0.7725 recent highs. Beyond there we look for a move towards our greater targets in the 0.7880 area (Barclays, eFXnews...
Weekly Trends
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Andy Ismail, 11 April 2016, 04:53