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JPY: Supported by Numerous Factors - MUFG Derek Halpenny, European Head of GMR at MUFG, notes that the yen is stronger versus most G10 currencies this morning as upside pressure persists with numerous factors set to keep the currency underpinned...
Currency
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Roberto Jacobs, 8 June 2016, 14:56
NZD/USD Still Bullish, RBNZ on Focus – UOB Analysts at UOB Group have reiterated the bullish perspective for the Kiwi dollar ahead of the RBNZ decision due tomorrow. Key Quotes “Against our expectation, NZD continues to march higher despite overbought conditions...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 14:53 #nzdusd
USD/CHF Breaks Major Support 0.9628, Targets 0.9540 Major support – 0.96280 (61.8% retracement of 0.94294 and 0.99508) Major resistance -0.9660 (Support turned into resistance) USD/CHF has broken major support 0.96280 and slightly declined from that level. It is currently trading around 0.96299...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 14:50 #usdchf
AUD/USD Sell the Rallies to 0.7480 – Westpac Strategists at Westpac have reiterated the ‘sell-on-rallies’ outlook on the Aussie dollar. Key Quotes “The RBA’s steady hand this week was no surprise but the lack of an overt easing bias was”...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 14:48
Yen Demand at The Moment is as a Form of ‘Brexit’ Insurance - SocGen Kit Juckes, Research Analyst at Societe Generale, notes that Japan’s Q1 GDP was revised up to show a 1.9% annualised growth rate in Q1. Key Quotes “The same series is flat on a y/y basis so I’m not getting over-excited...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 14:45
GBP/USD Negative Bias Confirmed Below 1.4285 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair needs to close below 1.4285 to confirm the negative bias. Key Quotes “GBP/USD has bounced from support but remains below initial resistance at 1.4665...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 14:43
USD/JPY Struggling to Build On to Its Recovery Beyond 107.00 After arresting Asian session fall to session low level of 106.72, the USD/JPY pair now seems to have stabilized and is trading in a tight range around 107.00 handle...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 14:04
WTI Through $51.00, Fresh 2016 Tops The barrel of West Texas Intermediate is extending its rally today, currently surpassing the key $51.00 mark...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 13:43 #WTI
Pre US Open, Daily Technical Analysis Wednesday, June 08, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: the upside prevails. Pivot: 1.1315 Most Likely Scenario: long positions above 1...
Charts
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Mohammed Abdulwadud Soubra, 8 June 2016, 13:37
ECB: Officially Launched Its Corporate Bond Buying Program - BBH Research Team at BBH, notes that the ECB has officially launched its corporate bond buying program which will provide overall holdings every Monday, while the details of its holdings will be published monthly starting July 18...
Market News
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Roberto Jacobs, 8 June 2016, 13:35 #ECB
Trading volume contribution to trade decisions. Trading volume is a trend confirmation indicator in the event that the types of trade are aligned with the trend. By gauging the trading volume, we ascertain trend momentum...
Trading Strategies
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Dimitrios Vezeris, 8 June 2016, 13:25
BoE: Could Forward Guidance Be Due for Another Change...
Currency
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Roberto Jacobs, 8 June 2016, 13:22
USD/CHF Slips for Fourth Straight Day, Might Hold 0.9600 Level Disappointing May jobs report continue to weigh on the US Dollar with the USD/CHF pair dropping to monthly low level of 0.9624 despite of weaker-than-expected Swiss CPI print...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 13:19 #usdchf
USD/JPY on the 4HR sold off before reaching the 108.00 level i was looking at for a potential sell. If price reaches the 108.00 level which was a strong support previously look for an opportunity to sell with profit target at a retest of the lows at 106.50 as the pair is heavily bearish show less...
Charts
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Lahcene Ouled Moussa, 8 June 2016, 12:44
FxWirePro: DAX30 Faces Strong Resistance at 10500, Good to Sell on Rallies Major resistance – 10450-10500 (161.8% retracement of 10285 and 10038 and Apr 21st high) Major support – 10000 (90 day EMA) DAX has jumped till 10317 yesterday after making a low of 10038 on 3rd Jun 2016...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 12:25
Chinese Imports Jump Lifting AUD and NZD Market Drivers June 8, 2016 Chinese exports rise boosting commdollars UK MP/IP beats Nikkei 0.93% Dax -0.46...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 12:22
AUD/JPY T-89 Pattern Suggesting a Possible Bounce The AUD/JPY pair spiked after a V shaped reversal at the bottom spiking up to 80.30, slightly below H3 camarilla pivot. Now moment price action is showing a completed T-89 pattern right off L4 support where we can see a confluence zone (L4, 38...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 12:19
OECD: Leading Indicators Point to Stable Growth in Euro Area The Paris-based research body, Organisation for Economic Co-operation and Development (OECD) is out with their latest outlook on the global economy based on the leading indicators, which suggests continued to slowdown in the UK and Ital...
Market News
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Roberto Jacobs, 8 June 2016, 12:16
EUR/PLN Bounces Off Lows on NBP Decision The Polish Zloty is partially eroding its earlier advance vs. its European peer, pushing EUR/PLN to the 4.3460 area...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 12:13
GBP/USD Forecast: Choppy Price Action Ahead of the Referendum The GBP/USD pair trades neutral around its daily opening, bouncing from a daily low set at 1...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 12:11