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FXWIREPRO: Malaysian Ringgit Erases Previous Gain Against US Dollar, Good to Buy on Dips Pair is currently trading around 3.9033 marks. It made intraday high at 3.9058 and low at 3.8818 levels. Intraday bias remains bullish till the time pair holds key support at 3.8720...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 07:46
FXWIREPRO: AUD/JPY Weak on Risk-Off, Slips Below Strong Trendline Support, Good to Sell Rallies AUD/JPY under heavy selling pressure in Asia, dented by risk-off across markets. Selling in the Nikkei 225 which was down over 3%, (adding pressure on Yen crosses). The pair printed a day low of 85...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 07:43
Yen Rises Against Majors The Japanese yen strengthened against the other major currencies in the Asian session on Friday. The yen rose to a 4-day high of 160.64 against the pound and a 2-day high of 112.06 against the U.S. dollar, from yesterday's closing quotes of 161.60 and 112.55, respectively...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 07:40
NZD/USD Struggles to Extend Beyond 0.6900 The NZD/USD pair is extending its struggle with 0.69 handle into late-Asian/ early European trades, as the auspicious China PMI reports failed to provide a lift to the sentiment around the bird. NZD/USD recovers from 0...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 07:37 #nzdusd
RBA on Hold; Unchanged Rhetoric on AUD – Westpac Bill Evans, Chief Economist at Westpac, suggests that the Australia’s Reserve Bank Board meets next week on April 5 and they expect that the Board will decide to hold rates steady...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 07:35
USD: Evidence of FX Reserves Rebalancing – Nomura Research Team at Nomura, suggests that the FX reserves rebalancing may explain some of the weakness in USD...
Currency
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Roberto Jacobs, 1 April 2016, 07:33
EUR/USD Looking for a Retest of 1.1400 Amid Risk-Aversion The overnight corrective slide in EUR/USD found some support near 1.1365 region, with the prices now making fresh attempts to conquer 1.14 handle once again...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 07:29
AUD: Flying too High? – Westpac Robert Rennie, Research Analyst at Westpac, suggests that after rising about 5% against the US dollar over the past month, the Aussie will surely be a hotter topic at the RBA Board’s meeting on Tuesday than it has been for quite some time...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 07:26
CAD: Canadian Growth Surprises - Nomura Charles St-Arnaud, Research Analyst at Nomura, suggests that a recovery in the manufacturing sector and in most sectors has pushed the Canadian growth higher. Key Quotes “Monthly GDP increased by 0...
Market News
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Roberto Jacobs, 1 April 2016, 07:10
Oil Price Forecasts Raised for the 1st time in 10 months – Reuters poll The latest Reuters poll result showed that the economists and oil analysts raised the average oil price forecasts for 2016 for the first time in 10 months, although with a cautious tone...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 07:04
Oil Eases in Asia, Brent Flirts with $ 40 Oil benchmarks on both sides of Atlantic resumed their broader downtrend after a brief stint to the upside seen on Thursday, as a stronger US dollar weighed on the black gold...
Crude Oil
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Roberto Jacobs, 1 April 2016, 07:02
AUD/USD Finds Fresh Bids at 0.7650, Re-takes 0.7700? The selling pressure behind the AUD gained further traction over the last hour, sending AUD/USD lower to the half-way point on 76 handle, before the bulls were rescued by China data...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 06:59
USD/JPY Smashed on Risk-off, but Stays Above 112 The USD/JPY pair is seen reversing a brief dip just ahead of 112 barrier amid widespread risk-aversion into markets as the Asian stocks tumble in sync with oil...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 06:56
AUD/JPY Under Pressure, Risk-off Weighs Charles St-Arnaud, Research Analyst at Nomura, suggests that a recovery in the manufacturing sector and in most sectors has pushed the Canadian growth higher. Key Quotes “Monthly GDP increased by 0...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 06:52
FXWIREPRO: AUD/USD Breaks Strong Trendline Support, Good to Go Short AUD/USD was dragged down by risk-aversion in early Asian session, the pair slipped from day's highs at 0.77 to hit lows of 0.7647...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 06:50
Australian Dollar Falls Against Most Majors The Australian dollar weakened against most major currencies in the Asian session on Friday. The Australian dollar fell to 85.78 against the yen, from yesterday's closing value of 86.17. Against the euro and the U.S. dollar, the aussie dropped to 1...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 06:47
Asian Stocks in Red Ahead of Non Farm Job Results, Gold Finds Support Around $1230 All the major Asian markets are trading in red as market await NFP job results. In addition, Gold remains supported around $1230 mark...
Market News
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Roberto Jacobs, 1 April 2016, 06:44
EURUSD Daily Forecast: April 01 2016 EURUSD Forecast The EURUSD continued its bullish momentum yesterday topped at 1.1411. The bias remains bullish in nearest term testing 1.1450 – 1.1500 region which remains a good place to sell. Immediate support is seen around 1.1365...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 06:39
I sat down this morning thinking that I’d write some sort of April fools joke type piece saying that the Fed had raised rates in an ad-hoc meeting in a New York City bunker overnight, but I quickly decided against it to avoid being sued… April Fools Day or not, today is also NFP Friday...
Analytics & Forecasts
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Francis Dogbe, 1 April 2016, 06:29
Two of the world’s largest money managers are divided about where the dollar goes from here after the greenback’s worst quarter in more than five years. The BlackRock Investment Institute says there’s room for the U.S...
Analytics & Forecasts
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Francis Dogbe, 1 April 2016, 06:24