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Daily Analysis of S&P 500 for March 30, 2016 The SP 500 is moving inside a very strong bullish bias in the short-term and is currently dealing with the strong resistance zone around the 2055 level...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 10:30
Technical Analysis of USDX for March 30, 2016 The Dollar index, as expected by our last analysis, has pulled back towards the short-term support at 95...
Daily Analysis of GBP/USD for March 30, 2016 GBP/USD had a very strong bullish momentum during Tuesday's session after the Fed meeting, which added some weakness to the US Dollar and helped the other currencies to gain some positions in the market...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 10:23
USD/JPY Door Open for a Test of 110.67 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could be poised for a visit of the 110.60 area. Key Quotes “USD/JPY’s correction higher has failed at the top of a 6 week channel at 113...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 10:17
USD/JPY: Yellen's Dovish Comments Should Curb Uptrend – Deutsche Bank Taisuke Tanaka, Strategist at Deutsche Bank, notes that the Fed Chair Janet Yellen remarked, "I consider it appropriate for the Committee to proceed cautiously in adjusting policy...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 10:16
NZD/USD Breaks Massive Macro level at 0.69 NZD/USD has broken a massive macro resistance at 0.69, one that capped buyers numerous times in the last 6 months, resulting on stops all triggered, sending the rate over 50 pips higher from its round umber break, setting its highest at 0...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 10:12 #nzdusd
Japanese Buying to Support AUD...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 10:10
USD/JPY Drops Further, 112.00 on Sight The greenback is rapidly depreciating vs. its Japanese counterpart on Wednesday, now relegating USD/JPY to test the proximity of the 112.00 key support...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 10:08
AUD Getting a Little ahead of itself? – Westpac Robert Rennie, Research Analyst at Westpac, notes that the A$ is currently trading barely within my measures of fair value. Key Quotes “Indeed, the low end for my fair value range sits at 0.76 and the upper end at 0.80...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 10:06
USD/CHF Plummets to 0.9640, 2016 Lows The offered tone around the greenback is now gathering further traction, sending USD/CHF to fresh lows near 0.9640. USD/CHF attention to ADP The pair is posting fresh yearly lows in the 0...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 10:04 #usdchf
Brent Oil Snaps Two-Day Losing Streak Brent oil is trading higher in Europe, putting an end to a two-day losing streak after the API data in the US showed smaller-than-expected inventory build...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 10:02
US ADP Employment and Eurozone Confidence Main Market Movers Today – Danske Bank Research Team at Danske Bank, suggests that the release of the ADP employment data for March should give us an early indication of what to expect from the official job report for March due on Friday although, admitte...
Market News
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Roberto Jacobs, 30 March 2016, 10:00
FXWIREPRO: Modifying Strategy in Our Pound/Dollar Bull Call Anyone who have read through our post “Pound could gain towards 1.5 against Dollar” could easily relate, if not then you have the article here - http://www.econotimes.com/FxWirePro-Pound-could-gain-towards-15-on-weaker-Dollar-178482...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 09:56
The central bank (CBR) revealed its real GDP growth forecast for 1Q 2016. The available data (for January-February) suggest that real GDP may have contracted “only” 0.3% qoq in 1Q 2016, compared to almost zero growth in 4Q 2015, according to the CBR...
Analytics & Forecasts
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Batur Asmazoglu, 30 March 2016, 09:49
Expect Downward Pressure on the JPY Going Forward - NAB Research Team at NAB, notes that the Japan’s foreign exchange reserves remain high, and at USD1.25 trillion are the second highest in the world, after China...
Currency
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Roberto Jacobs, 30 March 2016, 09:33
Cable Jumps Above 1.44 on Broad Based USD Selling European desks are offering US dollars in response to dovish Yellen, pushing the GBP/USD pair to a session high of 1.4426 levels. Trades at 7-day high At 1.4426, the spot is trading at its highest since March 21...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 09:29
USD/JPY Could Test 115.00 in 3-Month – Danske Bank Analyst at Danske Bank Mikael Milhoj sees the pair climbing towards the 115.00 handle in a 3-month horizon...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 09:26
BOJ’s Negative Rates Drive Japanese Lending Rates to Record Low On Wednesday, Reuters reported the data released by Bank of Japan (BOJ), which showed the Japanese lending rates hit a record low in February, and highlighted its negative impact on the commercial banks' profit margins...
Market News
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Roberto Jacobs, 30 March 2016, 09:22
EUR/USD Upside Capped Near 1.14 – Westpac Strategists at Westpac have hinted at the possibility that the pair’s upside could struggle around 1.1400. Key Quotes “Not a lot to do or say while EUR/USD ambles in a wide 1.08-1.14 range for yet another week”...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 09:20
EUR/USD Forecast: Focus on US ADP – Commerzbank and UOB EUR/USD has returned to the 1.1300 neighbourhood following Tuesday’s dovish tone from Chairwoman Yellen and ahead of today’s ADP report in the US economy...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 09:17