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GBP/USD downside may be tempered by falling US inflation expectations, which could weaken the dollar...
Analytics & Forecasts
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Vasilii Apostolidi, 29 March 2016, 14:34
USD Positions Consolidated while EUR Shorts Reduced - Rabobank Jane Foley, Senior FX Strategist at Rabobank, lists down the IMM Net Speculators’ Positioning as at 22 March 2016. Key Quotes • “Having declined for six consecutive weeks, USD positions consolidated ahead of the Easter break...
Analytics & Forecasts
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Roberto Jacobs, 29 March 2016, 14:13
JPY: Mixed Data - BBH Research Team at BBH, notes that the Japan reported mixed data overnight. Key Quotes “The jobless rate ticked up unexpectedly to 3.3% in February even as the jobs to applicant ratio remained steady at 1.28. Several measures of retail sales and household spending were mixed...
Analytics & Forecasts
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Roberto Jacobs, 29 March 2016, 14:10
SGD: Sing in the Wings – Deutsche Bank Research Team at Deutsche Bank, suggests that there was little pushback to their view that MAS would not change policy at their April meeting given a reiteration of their core inflation forecasts, and fiscal support...
Analytics & Forecasts
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Roberto Jacobs, 29 March 2016, 14:06
After six consecutive days of correction lower the Kiwi finally seems to be getting a foothold once more. The NZ dollar has been a laggard of late confirming that the decision by Governor Wheeler and his team at the Reserve Bank to cut interest rates this month continues to linger...
Analytics & Forecasts
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Vasilii Apostolidi, 29 March 2016, 14:04 #forex
CNY: Tail-sizing – Deutsche Bank Research Team at Deutsche Bank, tries to answer the question that how large was the tail on Chinese growth and FX now. Key Quotes “Some suggested China was not the main tail risk for markets anymore, rather it was Europe (refugee crisis, Brexit, terrorism...
Currency
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Roberto Jacobs, 29 March 2016, 14:04
Oil in Global Economy Series: Saudi Games Not Working After more than a year into deployment, cracks are now plenty to conclude that Saudi Arabia’s strategy to keep production high, drive out high cost producers and increase/retain its market share has failed...
Market News
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Roberto Jacobs, 29 March 2016, 14:01
U.S Treasury Trades Flat Ahead of Yellen's Speech The U.S. sovereign bonds were flat on Tuesday as investors awaited a speech by Federal Reserve’s Chair Janet Yellen which could give further indications for next interest rate hike, despite weak economic data on Monday...
Market News
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Roberto Jacobs, 29 March 2016, 13:59
FXWIREPRO: GBP/JPY Faces Strong Resistance at 162.80, Good to Sell on Rallies Major resistance - 162.80 Minor support - 161.30 Major support 160.50 (200 day 4 HMA) The pair has broken minor resistance 161.80 and jumped till 162.34 at the time of writing. It is currently trading around 162.18...
Analytics & Forecasts
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Roberto Jacobs, 29 March 2016, 13:56
Barclays Warns Over Commodity Longs UK’s investment bank, Barclays has issued warning against recent rallies in commodities and investors; interest in commodity products both stocks as well as ETFs...
Market News
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Roberto Jacobs, 29 March 2016, 13:52
Currency Markets Likely to See increased Volatility on Fed Hike Expectations The dollar staged a nice bounce-back from post FOMC lows supported by both safe-haven flows as a result of the Brussels terror attacks, as well as surprisingly hawkish comments from Fed officials in recent days...
Market News
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Roberto Jacobs, 29 March 2016, 13:49
FXWIREPRO: Short Cable Below Supports at 1.4229 As Gains Seem Momentary, Major Bear Trend Intact Speculate Via Binaries Although we are seeing upswings, we suspect the sustenance and could foresee the many technical obstacles for its sustainability. Be cautious and stay away between 1.4280 - 1...
Analytics & Forecasts
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Roberto Jacobs, 29 March 2016, 13:45
Asia FX: Don’t Drive with Flat Tyres – Deutsche Bank Research Team at Deutsche Bank, had held to their view that the recent risk rally was not to be chased in Asian FX as both wheels of the Asian growth cycle were slowly deflating, with the export cycle in deep negative territory and the credit c...
Market News
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Roberto Jacobs, 29 March 2016, 13:41
GBP/USD Nears 1.43, Trades Above Hourly 200-MA Dollar selling is gathering pace in early US, courtesy of which the GBP/USD pair has taken out hourly 200-MA of 1.4265 and is now eyeing 1.43 handle...
Analytics & Forecasts
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Roberto Jacobs, 29 March 2016, 13:39
Will Yellen Reinforce Her Comments from FOMC Meeting? - MUFG Derek Halpenny, European Head of GMR at MUFG, suggests that on a DXY basis, the US dollar is close to unchanged from the pre-Easter London holiday close underlining the lack of drivers for the dollar over the vacation period...
Market News
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Roberto Jacobs, 29 March 2016, 13:36
Dear Traders, We welcome you back to a new trading week and hope you will be fit for trading as this week promises to be very interesting in terms of the outlook for U.S. monetary policy. We have Fed Chair Janet Yellen's speech before the Economic Club of New York today and the U.S...
Analytics & Forecasts
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maimarfx, 29 March 2016, 13:35 #Fed
USD/CAD Falls Further to 1.3160 The greenback is extending its daily decline today, now relegating USD/CAD to the lower end of the range near 1.3160. USD/CAD weaker ahead of Yellen Spot has retreated to multi-day lows in the 1.3165/60 band as the US dollar has reverted its initial positive note...
Analytics & Forecasts
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Roberto Jacobs, 29 March 2016, 13:34
USD/JPY Finds Fresh Bids Near 113.50, Yellen in Focus Having peaked ahead of 113.80 levels in the last hour, the USD/JPY pair dropped sharply below the mid-point of 113 handle, before finding fresh bids at the last...
Analytics & Forecasts
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Roberto Jacobs, 29 March 2016, 13:32
The euro to dollar exchange rate found buying interest at the start of the week at the 20 day moving average at 1.1154...
Analytics & Forecasts
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Vasilii Apostolidi, 29 March 2016, 13:16 #EUR/USD
The Pound has been making a quiet recovery over the past week, with the UK currency tracking marginally higher against the Buck over that time frame. Thus far re-emergent GBP strength is still corrective in nature - i.e gains are not necessarily sustainable. Unless key resistance at 1...
Analytics & Forecasts
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Vasilii Apostolidi, 29 March 2016, 13:14