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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
USD/CAD Downside Below 1.25 Unlikely – Westpac According to Strategist at Westpac Richard Franulovich, further losses south of 1.25 appear unlikely. Key Quotes “USD/CAD momentum remains lower especially given the break of 1.2850, a critical technical threshold that should unlock further losses...
Currency
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Roberto Jacobs, 14 April 2016, 11:49
GBP/USD Trims losses, Tests Hourly 200-SMA Ahead of BOE The offered tone around the GBP appears to lose steam in the European morning, now allowing the recovery in GBP/USD towards 1.42 handle, as focus now remains on the BOE policy decision...
Currency
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Roberto Jacobs, 14 April 2016, 11:46
AUD/USD Bullish Above 0.7725/50 – UOB In view of the research team at UOB Group, the Aussie dollar could accelerate its gains above the 0.7725/50 band. Key Quotes “AUD touched a low of 0...
Currency
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Roberto Jacobs, 14 April 2016, 11:44
EUR/GBP Remains Under Pressure – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the cross well supported in the 0.7881/0.7827 area. Key Quotes “EUR/GBP remains under pressure following its recent reversal from target. It has sold off to nearby support at...
Currency
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Roberto Jacobs, 14 April 2016, 11:41
EUR/JPY Stays Below 123 Despite Upward Revision of Eurozone Inflation Upward revision of Eurozone HICP inflation has failed to strengthen the bid tone around EUR, leaving the EUR/JPY cross below 123.00 handle. Supported by 122.72 Cross fell to a low of 122.72 before recovering to just above 123...
Currency
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Roberto Jacobs, 14 April 2016, 11:39
EUR/GBP fails once again near 0.7970 Post-CPI The bulls were left unimpressed by the upward revision to the Eurozone CPI estimates, sending EUR/GBP lower towards the mid-point of 0.79 handle. EUR/GBP capped below 5-DMA Currently, the EUR/GBP pair trades 0.28% higher at 0...
Currency
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Roberto Jacobs, 14 April 2016, 11:36
EUR/USD Keeps the Red on EMU’s CPI EUR/USD remained unchanged following the final CPI figures in the euro area for the month of March, currently navigating the 1.1270 area. EUR/USD now looks to US CPI Spot is attempting a rebound from earlier lows in the 1...
Currency
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Roberto Jacobs, 14 April 2016, 11:30
EUR/USD: Change to Bearish: Downside potential likely limited to 1.1145. We have held a neutral EUR view for close to 4 weeks and the break below the key 1.1325/30 support yesterday indicates that the neutral phase has ended...
Dollar-yen rose Wednesday above Y109 for the first time since closing below that mark nearly a week ago. The pair has been underpinned by firming U.S. Treasury yields, as well as the feel-good effect from rising oil prices, which now is taken to mean improved global growth...
Analytics & Forecasts
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Vasilii Apostolidi, 14 April 2016, 10:58 #usd/jpy
Pennant identified at 13-Apr-12:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 112.86 within the next 2 days. Supporting Indicators : Downward sloping Moving Average Resistance Levels : ( B ) 113...
Charts
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Lahcene Ouled Moussa, 14 April 2016, 10:48
FxWirePro: Safe Bet on EUR/JPY Negative Risk Reversals - Better to Deploy OTM Shorts in Bear Option Combinations Please observe in the above nutshell how delta risk reversal numbers are inching higher into negative values gradually in a long run (flashing at negative 1.35 for 1 month expiries...
Analytics & Forecasts
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Roberto Jacobs, 14 April 2016, 09:36