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U.S. Dollar Advances Against Most Majors The U.S. dollar strengthened against most major currencies in the Asian session on Wednesday. The U.S. dollar rose to 2-day highs of 1.0974 against the euro and 0.9979 against the Swiss franc, from yesterday's closing quotes of 1.1009 and 0...
Currency
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Roberto Jacobs, 9 March 2016, 05:59
Yen Rises Against Majors The Japanese yen strengthened against the other major currencies in the Asian session on Wednesday. The yen rose to a 1-week high of 159.51 against the pound and a 6-day high of 123.44 against the euro, from yesterday's closing quotes of 160.05 and 124.02, respectively...
Currency
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Roberto Jacobs, 9 March 2016, 05:57
China: 5-Year Plan – Rabobank Michael Every, Head of Financial Markets Research at Rabobank, notes that the China’s National People’s Congress (NPC) met from March 5-6 to launch the country’s 13th 5-Year Plan which was a platform to show the thrust of future policy direction, and on that front th...
Market News
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Roberto Jacobs, 9 March 2016, 05:54 #China
Has the USD Peaked? - ANZ Research Team at ANZ, suggests that at the very least, further USD strength is likely to be substantially less linear than we have seen to date. Key Quotes “In fact, thinking about currency markets from a USD framework has probably become unhelpful...
Market News
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Roberto Jacobs, 9 March 2016, 05:49
EUR/USD Heavy, Breaches 50-DMA Support Near 1.0980 The offered tone around the EUR picked-up pace post-China open, now sending EUR/USD further below 50-Dma support located at 1.0982. EUR/USD fails once again above 1.1000 Currently, EUR/USD drops -0.33% to fresh session lows of 1...
Currency
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Roberto Jacobs, 9 March 2016, 05:30
Asian Stocks Dive for 2nd Day on Oil Sell-off The Asian stocks markets crumbled for the second straight session this Wednesday after risk-off sentiment remained in full swing in response to the overnight sell-off in the oil prices, while nervousness ahead of China’s inflation report also weighs d...
Market News
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Roberto Jacobs, 9 March 2016, 05:19
NZD/USD Under Pressure Below 0.6750 Amid Risk-Aversion The NZD/USD pair stalled its overnight slide in Asia, although remains vulnerable as the extended sell-off in the Asian equities combined with subdued oil prices weigh negatively on the Kiwi. NZD/USD capped by 0...
Currency
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Roberto Jacobs, 9 March 2016, 05:03 #nzdusd
AUD/USD Turning Bearish Towards Hourly 100 SMA AUD/USD is drifting sideways and consolidating on what has been a lackluster session so far in the absence of catalysts...
Analytics & Forecasts
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Roberto Jacobs, 9 March 2016, 05:00
Gold Surrenders $ 1260 as USD Strengthens, Ignores Risk-Off Gold futures on Comex came under fresh selling pressure over the last hour, dropping sharply to hit fresh three-day low below $ 1260 barrier. Gold faces stiff resistance near 5-DMA Currently, gold drops -0.47% to 1257...
Market News
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Roberto Jacobs, 9 March 2016, 04:57 #gold
EURUSD Daily Forecast: March 09 2016 EURUSD Forecast The EURUSD attempted to push higher yesterday topped at 1.1057 but closed lower at 1.1009 and hit 1.0991. The bias is bearish in nearest term testing 1.0900 area. Immediate resistance is seen around 1.1025...
Analytics & Forecasts
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Roberto Jacobs, 9 March 2016, 04:51
GBPUSD Daily Forecast: March 09 2016 GBPUSD Forecast The GBPUSD had a bearish momentum yesterday bottomed at 1.4173. The bias is bearish in nearest term testing 1.4130 which is a good place to buy with a tight stop loss targeting 1.4300 – 1.4500. A clear break and daily close below 1...
Analytics & Forecasts
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Roberto Jacobs, 9 March 2016, 04:49
USDJPY Daily Forecast: March 09 2016 USDJPY Forecast The USDJPY continued its bearish momentum yesterday and hit 112.41 earlier today. The bias remains bearish in nearest term testing 111.65 – 110.96. Immediate resistance is seen around 113.15...
Analytics & Forecasts
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Roberto Jacobs, 9 March 2016, 04:48
USDCHF Daily Forecast: March 09 2016 USDCHF Forecast The USDCHF had another indecisive movement yesterday. The bias is neutral in nearest term probably with a little bullish bias testing 1.0000/35 which remains a good place to sell with a tight stop loss targeting 0.9820 area...
Analytics & Forecasts
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Roberto Jacobs, 9 March 2016, 04:46 #usdchf
The signs could not be clearer: The European Central Bank is almost certainly going to loosen monetary policy on Thursday, but after an underwhelming set of easing measures in December analyst fear investors are setting themselves up for major disappointment again...
Market News
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Francis Dogbe, 9 March 2016, 04:25 #ECB
It's still raining benjamins at Wall Street banks on bonus day. The average bonus for Wall Street employees in New York City was $146,200 last year, down 9% from the payday in 2014, according to the city's comptroller, Thomas DiNapoli...
Market News
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Francis Dogbe, 9 March 2016, 04:21 #Wall Street
The Japanese yen was back in hot demand Tuesday, despite the Japanese government's downgrade of the economy, announced overnight, and despite the increased negativity of Japanese government bond yields...
Analytics & Forecasts
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Vasilii Apostolidi, 8 March 2016, 22:40 #forex
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: No change. Selling interest in the 1.1050 area, near the 200-dma helps keep our focus lower...
Calculated level for today: Support (S1 / S2 / S3 = 1259,33 / 1255,47 / 1249,22), resistance (R1 / R2 / R3 = 1271,83 / 1275,48 / 1281,94). Key support levels (1st from 1236.48 to 1265.47 at the end of the day, the 2nd ox 1255.16 to 1260.47...
Analytics & Forecasts
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oleksandr bilokon, 8 March 2016, 19:40
We remain of the view that the ECB will slash the deposit rate further by 10bps to -0.4...
Analytics & Forecasts
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Vasilii Apostolidi, 8 March 2016, 19:26 #EUR/USD
USD/CAD Breaks Above 1.3400 as Oil Plummets USD/CAD rallied to 4-day highs as oil prices plummeted during the American session in a risk-off environment, with US stocks down and Treasuries up. USD/CAD climbed more than 100 pips over the last hours and broke above the 1...
Currency
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Roberto Jacobs, 8 March 2016, 19:09