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Technical Analysis of NZD/USD for March 28, 2016 NZD/USD is expected to trade with a bearish bias in holiday trading. The pair is trading below its key resistance at 0.6640, and is likely to challenge it in sight, as the relative strength index is below the neutrality area of 50. Below 0...
Technical Analysis of GBP/CHF for March 28, 2016 Technical outlook and chart setups: The GBP/CHF pair is seen to be trading around 1.3810/15 levels for now, after dropping to 1.3720 levels last week...
Technical Analysis of GBP/JPY for March 28, 2016 GBP/JPY is expected to trade with a bearish bias in quiet holiday trade. The pair remains bullish above 160.00, representing a key horizontal level...
EUR/USD: Neutral: In a broad 1.1120/1.1375 range now. EUR traded quietly late last week and there is no change to the current neutral view. We continue to expect this pair to trade in a broad 1.1120/1.1375 range even though the immediate risk appears to be tilted to the downside...
Technical Analysis of EUR/USD for March 28, 2016 When the European market opens, no economic news will be released from the eurozone today but the US will release some economic data such as Pending Home Sales m/m, Personal Income m/m, Personal Spending m/m, the Goods Trade Balance, and the Core P...
Technical Analysis of USD/JPY for March 28, 2016 In Asia, Japan will not release any economic data but the US will release some economic data such as Pending Home Sales m/m, Personal Income m/m, Personal Spending m/m, the Goods Trade Balance, and the Core PCE Price Index m/m...
FXWIREPRO: BTC/USD Faces Strong Resistance Around $436, Good to Sell on Rallies Major resistance - $436 (trend line joining $502.48 and $465) BTC/USD has slightly retreated after making a high of $427.80 recovered till $417.55 at the time of writing after making a low of $403...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 12:39
Indian Bond Yields Fall on Expectation of Lower Lending Rate The 10-year Indian bond yields declined -0.05% on Monday as the government’s move to cut the small savings rate by 0.6% to 1.3%. Moreover, the Reserve Bank of India is also expected to cut interest rates by at least 0...
Market News
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Roberto Jacobs, 28 March 2016, 12:35
Australian Bonds to Weaken Further on fED Rate Hike Expectation The Australian bond market is weaker and it is expected to weaken further as investors continue to absorb the U.S. Fed's interest rate outlook. Meanwhile, the benchmark 10-year bond yield closed lower -0.39% on Thursday...
Market News
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Roberto Jacobs, 28 March 2016, 12:34
The positioning data is for the week ending 22 March 2016. Despite the dovish FOMC statement on 16 March which sent the USD sharply lower, leveraged funds did not reduce their net long USD positions. In the week to 22 March, there was a marginal rise in overall net long USD positions by USD0...
Analytics & Forecasts
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Vasilii Apostolidi, 28 March 2016, 12:33 #forex
USD/CNY Hovers Around Key Resistance at 6.5195, Intraday Bias Remains Neutral USD/CNY is currently trading around 6.5162 levels. It made intraday high at 6.5208 and low at 6.5148 levels. Intraday bias remains neutral for the moment. A sustained break above 6...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 12:31
FXWIREPRO: Russian Rouble Continues to Add Strength Against US Dollar, Sell on Rallies USD/RUB is currently trading around 67.7121 levels. It made intraday high at 68.7060 and low at 67.7245 levels. Intraday bias remains bearish till the time pair holds key resistance at 69.0017 levels...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 12:28
No Plans to Refinance Older JGBs – Japan’s Aso Japanese Finance Minister Mr. Taro Aso crossed the wires via Reuters on Monday, commenting on the JGBs refinance plans. However, he provided no hints on further BOJ easing any time soon...
Market News
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Roberto Jacobs, 28 March 2016, 12:25
Fed’s Williams – Rate Hikes Likely This Year San Francisco Federal Reserve President John Williams reiterated his view that rate hike are likely this year if data trends continue to show sold US economic growth...
Market News
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Roberto Jacobs, 28 March 2016, 12:23
NZD/USD: Bullish Momentum Stalls Around 0.67 The oil driven bullish move in the NZD/USD appears to have stalled in Europe, with pair struggling to extend gains above 0.67 levels. Focus on oil ahead of US data The spot recovered from the low of 0...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 12:20 #nzdusd
EUR/GBP Turns Negative Below 0.7900 The better tone in the sterling has been weighing on EUR/GBP on Monday, dragging it to the 0.7880 area, or session lows. EUR/GBP finds decent support at 0.7880 The European cross has broken below the 0...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 12:18
GBP/USD Extends Recovery Towards 0.4200 Having bottomed out near 1.4120 region in the Asian trades, the GBP/USD pair regains ground, with 1.42 handle on sight. GBP/USD testing offers near 1.4180 The GBP/USD pair rises 0.34% to 1.4173, trying hard to take 1.4180 barrier...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 12:15
GBP/USD Stuck at 50% Fibo Cable is having a tough time cutting through 1.4175 (50% of 1.3835-1.4515) levels amid thin volumes ahead of the US personal spending and income report release...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 12:11
The EUR has been under pressure for most of last week, mainly in reaction to this week’s terrorist attacks in Brussels and rising Fed rate expectations...
Analytics & Forecasts
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Vasilii Apostolidi, 28 March 2016, 12:11 #forex
USD Seen Picking Up Pace – BBH In the opinion of analysts at BBH, the greenback is expected to gather further traction in the next periods. Key Quotes “One of technical factor that emerged last week was the beginning of the correction of the dollar's losses”...
Currency
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Roberto Jacobs, 28 March 2016, 12:09