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The euro to dollar exchange rate (EUR/USD) may be nearing its zenith on account of it being overvalued. Three analysts warn that the euro is looking increasingly likely to capitulate lower EUR to USD conversion quoted at 1...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 13:38
The British pound is advancing on the euro at the start of the new week. We examine why this recovery is due and whether or not the underlying downtrend will resume. The GBP/EUR exchange rate has recovered back above the 1...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 13:36
While some technicals suggest the USD may pause here, the overall decline in volatility, caused by better global data - notably from China - is a headwind to the USD now... The EURUSD...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 13:33 #EUR/USD
Lee Hardman, Currency Analyst at MUFG, notes that the Australian dollar has underperformed in the Asian trading session alongside other commodity related currencies...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 13:32
Research Team at Investec, suggests that as we venture into the first full week of April and the second quarter of the year, it’s worth taking note of Friday’s solid non-farm payrolls figure, with the US showing a 200k+ increase...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 13:31
Ratings agency Standard & Poor’s (S&P) warned again that UK could lose its AAA rating if Britons vote in favour of Brexit at June 23 referendum. S&P chief sovereign ratings officer Moritz Kraemer explained in an opinion piece written for Politico, “Given the U.K...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 13:17
GBP: Low Turnout will Increase Brexit Risk - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the pound is continuing to weaken and becoming more volatile ahead of the EU referendum on the 23rd June...
Currency
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Roberto Jacobs, 4 April 2016, 13:17
Sverre Holbek, Senior Analyst at Danske Bank, believes the cross could head lower in the next periods. Key Quotes “The news out on Friday from the wage negotiations in Sweden on Thursday last week has provided a temporary floor in EUR/SEK”...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 13:16
GBP/USD Vulnerable, Attention Shifted to 1.4085/56 – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the support area at 1.4085/56 has regained attention. Key Quotes “GBP/USD failed to maintain its breach of the 3 month resistance line last week and sold off sharply”...
Analytics & Forecasts
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Roberto Jacobs, 4 April 2016, 13:15
USD/JPY Downside Risks Have Increased – UOB Spot remains expose to further pullbacks, suggested the research team at UOB Group. Key Quotes “The downside risk has clearly increased with the unexpected sharp drop last Friday”. “However, supports are stacks at 111...
Analytics & Forecasts
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Roberto Jacobs, 4 April 2016, 13:13
Gold Drops Further to Test 50-DMA, US Data in Focus Gold prices accelerated to the downside over the last hour as the USD recovery gained traction in Europe, as focus now turns towards the US economic releases. Gold heavily sold-off into Fed rate hike bets Currently, gold drops -0.46% to 1216...
Analytics & Forecasts
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Roberto Jacobs, 4 April 2016, 13:11 #gold
Monday, April 4th GBP/USD is attempting to recover Friday’s sell-off after UK manufacturing PMI highlighted weakness in the activity but ran out of steam near 1.4241 in Asia and the spot is now trading around 1.4223 levels largely unchanged on the day...
Analytics & Forecasts
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EEAnalytics, 4 April 2016, 13:04
EUR/USD: Neutral: Bullish if daily close above 1.1400. We are holding on to the view that only a daily close above 1.1400 would indicate that the start of a sustained up-move towards and beyond last October’s high of 1.1495...
GBP/USD Faces Strong Resistance Around 1.4250, Break Above Targets 1.4320/1.4360 Candle stick Pattern Formed- Hammer Potential Reversal Zone (PRZ) – 1.4250 The pair has recovered after making a low of 1.4170 level. It is currently trading around 1.42286...
Analytics & Forecasts
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Roberto Jacobs, 4 April 2016, 12:54
USD/JPY has made some steady gains in early London, having based out around 111.25-30 levels to generate tentative gains to around 111.60 so far. Overnight highs at 111.80 are the immediate target here, and we are hearing some bullish calls being made here, which we can concur with to a degree...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 12:54 #usd/jpy
German Bunds Rally After ECB Qe Boost Kicks In The German 10-year bund prices rallied for 4 consecutive weeks on Monday after the European Central Bank’s expanded bond buying programme kicked in on Friday...
Market News
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Roberto Jacobs, 4 April 2016, 12:51
Russian Bonds Slump on Tracking Weak Oil Prices The Russian bonds declined, pushing the yield on 10-year bonds up 3 bps to 9.19 pct, tracking weak crude oil prices on Monday. Moreover, Brent crude oil, a global benchmark for Russia's main export, was down 0.34 pct at $38.55 a barrel...
Market News
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Roberto Jacobs, 4 April 2016, 12:48
Poor Australia Retail Sales Data Fuels Rba Rate Cut Bets Australian retail sales data disappointed for the third consecutive month and momentum has clearly slowed in the past three months. Data released earlier today showed Australia's Feb retail sales came at 0.0% m/m missing expectations for 0...
Currency
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Roberto Jacobs, 4 April 2016, 12:46
Euro Zone Bond Rally Continues With ECB in the Market From last Friday onwards, European Central Bank (ECB) is in the bond market with additional firepower and on average, from now on it will be purchasing almost €4 billion worth of bonds, every trading day...
Market News
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Roberto Jacobs, 4 April 2016, 12:44
GBP/USD Off Highs, Around 1.4225, US Data Eyed The GBP/USD pair faded a spike to 1.4240 levels and reverted to the familiar range around 1.4225 region as markets continue to digest the UK construction PMI report. GBP/USD capped below 10-DMA The GBP/USD pair trades modestly flat at 1...
Analytics & Forecasts
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Roberto Jacobs, 4 April 2016, 12:42