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RBA’s Kent - Large Exchange-Rate Movement May Be Big Shock to Economy Reserve Bank of Australia’s (RBA) Kent was on the wires calling large exchange rate movement could result in a big shock to the economy...
Market News
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Roberto Jacobs, 6 April 2016, 10:31
FOMC: Expect a Very Dovish Set of Minutes - Rabobank Stefan Koopman, Market Economist at Rabobank, suggests that the minutes of the FOMC’s March meeting should provide more insight into why the Fed’s now projecting a shallower path of interest rates...
Market News
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Roberto Jacobs, 6 April 2016, 10:29 #FOMC
Technical Analysis of Gold for April 6, 2016 Gold bulls tried to push the price higher yesterday but the price still remains inside the bearish channel and the most probable outcome remains a move towards $1,190 before a bigger bounce...
Gold Turns Negative as Oil Rallies Gold prices turned negative as corrective rally in oil, coupled with a n upbeat China services PMI data calmed market nerves and capped safe haven demand. Eyes 50-DMA Prices appear on track to test 50-DMA support at $1219.05 levels...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 09:33
US: Jobs Market Not So Strong - ING James Knightley, Senior Economist at ING, suggests that the latest Federal Reserve’s Labour Market Conditions index posted a third consecutive drop, hinting that the jobs market may not be as strong as Friday’s payrolls report had suggested...
Market News
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Roberto Jacobs, 6 April 2016, 09:31
Technical Analysis of USD/CHF for April 06, 2016 Wave summary: We are still looking for support near 1.6640 to protect the downside for a rally above 1.6833 confirming upside acceleration towards 1.7220 on the way higher to 1.8550. Even if minor support at 1...
US: Trade Deficit Getting Wider and Wider - Rabobank Stefan Koopman, Market Economist at Rabobank, notes that according to the latest US trade figures, the deficit in February was even wider than projected in last week’s advanced estimate. Key Quotes “Imports of goods exceeded exports by USD 47...
Market News
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Roberto Jacobs, 6 April 2016, 09:26
Technical Analysis of NZD/USD for April 06, 2016 NZD/USD is under pressure and expected to trade in a lower range. The pair remains under pressure below its key resistance at 0.6850, and is likely to challenge its nearest support at 0.6755 (April 5 low...
It seems that recent JPY strength has been driven by global risk appetite, although I admit that Abe's statement speaking out against "currency manipulation" had been the trigger to briefly push USDJPY below 110.Someinvestors hoped Japan would intervene to stop JPY from rallying further...
Analytics & Forecasts
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Batur Asmazoglu, 6 April 2016, 09:17
Technical Analysis of GBP/JPY for April 06, 2016 GBP/JPY is expected to trade in a lower range as the pair is under pressure. The pair stays below its resistance at 157.15 and has been capped by its descending 50-period moving average...
GBP/USD – Bear Grip Strengthens, Slides Further Sterling bears continue their relentless march, pushing GBP/USD to a fresh daily low of 1.4113 levels. Rejected at 23.6% Fibo A minor attempt by bulls to regain control of the pair was thwarted around 1.4165 (23.6% of 1.5230-1...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 09:07
BOJ May Hit Bond Purchase Limit in 2017 – Ex-BOJ Deputy Governor Iwata Former BOJ deputy governor Kazumasa Iwata said in a Bloomberg interview published on Wednesday, that the central bank will reach its bond buying limit by mid next year, which will make negative interest rates policy a key tool...
Market News
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Roberto Jacobs, 6 April 2016, 09:05
FXWIREPRO: NZD/JPY's More Bearish Scope 74.500 After Breach of Crucial Support 75.922 - Bets on Debit Put Spreads for Speculation The pair declined soon after the formation of long legged doji at 77.718 levels, fell from the highs of 78.210 to the current 75.177 levels...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 08:59
AUD/JPY Ends a 3-Day Slide, Near 50-DMA The bid tone surrounding AUD/JPY weakened a bit ahead of European open, as the AUD bulls took a beating after the risk sentiment came under mild pressure. AUD/JPY regains 83 and beyond The AUD/JPY pair now advances 0.29% to 83...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 08:54
Elliott Wave Analysis of EUR/NZD for April 6 - 2016 Wave summary: We are still looking for support near 1.6640 to protect the downside for a rally above 1.6833 confirming upside acceleration towards 1.7220 on the way higher to 1.8550. Even if minor support at 1...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 08:51
Elliott Wave Analysis of EUR/JPY for April 6 - 2016 Wave summary: The decline from 128.22 does have all the earmarks of being an impulsive decline. We are currently looking for a minor consolidation before the next decline below support at 125...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 08:48
Japanese Bond Yields Drop on Speculation of BOJ Easing Japanese bond prices rallied, pushing the yields lower especially at the short-end of the curve as strong Yen and weak inflation expectations triggered speculation of fresh BOJ easing. The 10-yr benchmark government bond yield fell to -0.07...
Market News
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Roberto Jacobs, 6 April 2016, 08:45
Technical Analysis of EUR/USD for April 06, 2016 When the European market opens, some economic news will be released such as the Retail PMI and German Industrial Production m/m. The US will release economic data too such as Crude Oil Inventories...
As a result of the March meeting, #FOMC decided to reduce expectations regarding interest rate hikes in 2016 from 4 to 2. Today the central bank will publish the minutes of this meeting. #Traders will expect this release, hoping to find some explanations...
FXWIREPRO: EUR/NOK Remains Well Supported Below Key Resistance at 9.4997, Good to Sell on Rallies EUR/NOK is currently trading at 9.4775 levels. It made intraday high at 9.4925 and low at 9.4704 levels. Intraday bias remains bearish till the time pair holds key resistance level at 9.4997...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 08:40