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The Dollar was moderately lower against the other major currencies on Tuesday, despite the release of upbeat US consumer confidence data as investors remained cautious ahead of a speech by Federal Reserve Chair Janet Yellen...
Analytics & Forecasts
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Zheng Zhang Loh, 31 March 2016, 11:14
The US economy seems to have peaked around the end of 2014/early 2015. Tightening in financial and monetary conditions appears to have been the driver...
Analytics & Forecasts
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Vasilii Apostolidi, 31 March 2016, 11:07
SNB ready to act: The SNB has given enough reason to believe that it will fight the CHF strength. The bank hasn’t changed its tone lately. Its latest message is that the CHF is “significantly overvalued”, which we agree with...
Analytics & Forecasts
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Vasilii Apostolidi, 31 March 2016, 11:04
EUR/USD: Neutral: Increasing upside risk. There is no change to view wherein we continue to see increasing upside risk but it is unclear if EUR can break convincingly above the 1.1375 resistance (the lower 1.1342 resistance was breached overnight with a high of 1.1364...
Technical Analysis of USDX for March 31, 2016 The Dollar index continued its slide towards the previous low of 94.60 and for now it holds above it. As I said yesterday, the price was more likely to move to new lows but we should be looking closely for the possibility of a double bottom formation...
Technical Analysis of Gold for March 31, 2016 Gold remains inside the short-term bearish channel and as we expected from our previous analysis, the price has made a lower high around the $1,235-40 area and is pulling back down...
Technical Analysis of USD/CHF for March 31, 2016 USD/CHF is expected to trade in a lower range as key resistance is at 0.9715. Despite the recent technical rebound, the pair remains under pressure below its nearest resistance at 0.9715. The relative strength index lacks upward momentum...
Technical Analysis of NZD/USD for March 31, 2016 NZD/USD is expected to trade in a higher range, with a bullish bias above 0.6845. The pair is currently consolidating, but still holds above its key support area around 0...
Technical Analysis of GBP/JPY for March 31, 2016 GBP/JPY is expected to trade in a lower range as the pair is under pressure. The pair stays on the downside and remains under pressure below its key resistance at 161.85. The descending 50-period moving average maintains a bearish bias...
Elliott Wave Analysis of EUR/NZD for March 31 - 2016 Wave summary: We have likely seen a low at 1.6229 just above the 1.6210 target. To confirm that a low has been seen, we need a break above minor resistance at 1.6508 and, more importantly, a break above resistance at 1...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 10:06
Elliott Wave Analysis of EUR/JPY for March 31 - 2016 Wave summary: We continue to look for more corrective upside pressure close to 128.91 before the final decline to below 122.06 is ready to take over for the final decline closer to 117...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 10:03
Technical Analysis of EUR/USD for March 31, 2016 When the European market opens, some economic news will be released such as the Italian Prelim CPI m/m, Core CPI Flash Estimate y/y, CPI Flash Estimate y/y, German Unemployment Change, Spanish Flash CPI y/y, French Prelim CPI m/m, French Consumer S...
Technical Analysis of USD/JPY for March 31, 2016 In Asia, Japan will release the Housing Starts y/y and the US will release some economic data such as Natural Gas Storage, the Chicago PMI, Unemployment Claims, and Challenger Job Cuts y/y...
Daily Analysis of Major Pairs for March 31, 2016 EUR/USD: The EUR/USD pair broke further upwards on Wednesday, testing the resistance line at 1.1350. There is a Bullish Confirmation Pattern on the 4-hour chart...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 09:55
European Stocks Drop on Commodity Share Weakness Stock markets across Europe fell in early trading with commodity shares leading the way lower. At the time of writing, Euro Stoxx 50 index was down 0.66%. Germany’s DAX and France’s CAC were down 0.32% and 0.68% respectively...
Market News
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Roberto Jacobs, 31 March 2016, 09:47
‘Brexit’ will be a Big Q2 Theme - SocGen Kit Juckes, Research Analyst at Societe Generale, suggests that ‘Brexit’ will be a big Q2 theme of course...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 09:45
Where to for AUD and NZD? – Deutsche Bank Robin Winkler, Strategist at Deutsche Bank, suggests that their short AUD and NZD have suffered from a sharp improvement in risk appetite thanks to benign signals from the Fed and China...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 09:42
JPY: Q2 Theme will be Further Unwinding of Yen Strength - SocGen Kit Juckes, Research Analyst at Societe Generale, suggests that this morning’s weekly Japanese securities investment data reinforce his view that one Q2 theme will be some further unwinding of yen strength...
Currency
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Roberto Jacobs, 31 March 2016, 09:40
NZD/USD: At New Cyclical High – ANZ Research Team at ANZ, notes that the Kiwi broke to a new cycle high overnight as USD liquidation continued. Key Quotes “The break opens the way for a test above 0.70, with the next solid resistance around 0.7160-0.72...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 09:38 #nzdusd
USD/CAD: Bears are Fefending 1.30 Handle CAD bulls are working hard amid wobbly oil prices to ensure the USD/CAD pair does not move beyond the psychological level of 1.30. Focus on Oil Dovish comments from Bank of Canada’s (BOC) Patterson could be behind the weakness int the CAD today...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 09:36