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USD/CAD Sidelined Below 1.3100, ADP Eyed USD/CAD is posting moderate losses around the 1.3060 area on Wednesday ahead of the key US ADP report. USD/CAD lower post-Yellen Spot has come under renewed selling pressure in response to the dovish speech by Chief J...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 09:08
GBP/USD: Bullish Move Stalls as "In" Campaign Lead Narrows GBP/USD is working hard to avoid losses in early Europe after a latest Ipsos Mori poll showed "In" campaign lead narrowed. Trades above 38.2% Fibo At 1.4376, the spot is sitting a few pips above 1.4368 (38.2% of 1.5230-1.3835...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 09:05
ECB Coeure: Won’t take Rates into 'Absurdly Negative Territory' More ECB Coeure headlines from Politico interview published on ECB site: Not short of instruments; choice quite large Won’t take rates into 'absurdly negative territory' 'Helicopter money' not part of Gov council discussion...
Market News
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Roberto Jacobs, 30 March 2016, 09:02
EUR/JPY Breaks Below 127.00, Session Lows The buying interest around the Japanese currency has dragged EUR/JPY back below the 127.00 key support on Wednesday. EUR/JPY lower on JPY-buying Yesterday’s dovish remarks from Chairwoman J...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 08:59
Japan’s Current Account Surges to a Recent High - NAB Research Team at NAB, notes that the Japan’s current account surplus surged to ¥16.64 trillion in 2015 (3.3% of GDP), the strongest outcome since 2010. Key Quotes “The goods account improved by ¥11.3 trillion (to -¥643...
Market News
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Roberto Jacobs, 30 March 2016, 08:56
JPY: Impact on Economy of Strong Yen – Nomura FX strategy team at Nomura, had lowered its end-2016 USD/JPY forecast to 122, from 130...
Currency
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Roberto Jacobs, 30 March 2016, 08:53
A dovish speech from Fed Chair Yellen supported strong front-end-led Treasury market gains Tuesday, supporting a bit of a turn back higher in the yield curve after the resumed curve flattening trend over the prior week and also helping TIPS inflation breakevens move higher after four straight dow...
Analytics & Forecasts
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Batur Asmazoglu, 30 March 2016, 08:39
The USD tumbled against the CAD after U.S. Federal Reserve Chair Janet Yellen delivered a speech at the Economic Club of New York...
Banks
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Francis Dogbe, 30 March 2016, 08:34
Dovish Yellen Means Short USD for Now: Fed Chair Yellen’s speech yesterday was notably dovish and has opened the door for further USD weakness in the short term, upwards of 3% on a trade weighted basis we think...
Analytics & Forecasts
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Batur Asmazoglu, 30 March 2016, 08:25
On Tuesday, #traders were looking forward to hear a speech of the Fed head Janet Yellen hoping to receive confirmation of comments, that many members of #FOMC had previously made. However, #Yellen expressed in the usual cautious tone. Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 30 March 2016, 08:16 #Trading, forex
Investors returned to the big banks to push up the local market, after the dovish comments from US Federal Reserve Chair Janet Yellen overnight. The ASX 200 was up 42 points in early trade, or 0.8%, at 5047, while the All Ordinaries was up 41 points at 5117...
Currency
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Francis Dogbe, 30 March 2016, 07:26
European investors return on Tuesday following the long bank holiday weekend and while the trading week may be a little shorter it’s likely to be quite eventful, with particular interest being on the Federal Reserve ahead of its April meeting...
Banks
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Francis Dogbe, 30 March 2016, 07:16 #Interest Rate, Fed
Nikkei 225 Drops, Rest of Asia Climb on Cautious Yellen The stocks on the Asian bourses climbed on Wednesday, taking the positive lead from the Wall Street overnight on dovish Yellen, which smashed April Fed rate hike expectations...
Market News
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Roberto Jacobs, 30 March 2016, 06:50
Gold Offered Near 20-DMA, Drops Below $ 1240 Gold prices drifted lower in the Asian session, having booked strong gains the day earlier after Fed Chair Yellen turned outrightly dovish and triggered a broad USD sell-off. Gold stalls 2-day rally Currently, gold edges -0.10% lower to 1237...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 06:45 #gold
AUD/USD: 0.7850 in Range After Dovish Yellen AUD/USD is in a period of consolidation after a rally overnight on the back of Fed Chair Yellen who surprised markets with a more dovish tone than was expected...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 06:43
Asian Development Bank Cuts its China Growth Forecast Asian Development Bank (ADB) lowered its forecasts for China’s economic growth to 6.5% in 2016 from 6.7% seen in its December forecast. While GDP growth forecast for 2017 stood at 6.3...
Market News
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Roberto Jacobs, 30 March 2016, 06:39
Japan: More Expanded QE to Come - NAB John Sharma, CFA, Macro Economist – Sovereign Risk at National Bank of Australia argued that, overall, the picture is of a Japanese economy struggling to generate any momentum. Key Quotes: "Japanese GDP declined by -0...
Market News
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Roberto Jacobs, 30 March 2016, 06:37
NZD/USD Drops Sharply From 3-Month High on Profit-Taking The NZD/USD pair reversed early gains and turns in the negative territory during the mid-Asian session, mainly driven by a fresh bout of profit-taking. NZD/USD fails once again near 0.6900 Currently, the NZD/USD pair trades -0...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 06:33 #nzdusd
USD/JPY Tracks Nikkei Lower, Revisits 112.40 The JPY bulls appear to tighten their grip once again in mid-Asia, sending USD/JPY back towards daily lows as the Japanese stocks extend to the downside...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 06:30
FXWIREPRO: USD/KRW Falls to 1153, a Break Below Targets 1142 USD/KRW is currently trading around 1153 levels. It made intraday high at 1155 and low at 1153 levels. Intraday bias remains neutral for the moment. A daily close below 1153 will tests key supports at 1142/1129 marks respectively...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 06:26