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EUR/USD: Draghi Disappoints, EUR Still Mute EUR/USD Current Price: 1.1181 The dollar got a short lived boost from Mario Draghi, as the ECB's head left the economic policy unchanged, as expected, whilst made the poorest upward revision ever for inflation, lifting expectations for this 2016 to 0...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 15:40
US Treasuries Gain ahead of Employment Report The U.S. Treasuries gained on Thursday as investors were cautious ahead of May employment report on Friday. The yield on the benchmark 10-year Treasury note fell 1-1/2 basis point to 1.832 percent by 12:45 GMT...
Market News
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Roberto Jacobs, 2 June 2016, 15:33
Oil Fall Sharply to $48.00 ahead of EIA Inventory Data WTI crude oil futures turned negative and dropped to session low of $48.00 on news (via Bloomberg) that OPEC member have not reached an agreement on output freeze. Of late, the ongoing bullish momentum in oil prices stagnated near $50...
Crude Oil
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Roberto Jacobs, 2 June 2016, 15:25
EUR/GBP Keeps Lows Near 0.7750 EUR/GBP’s price action remains depressed on Thursday following the press conference by President M.Draghi. EUR/GBP gains capped near 0...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 15:22
Improving Economic Background Should See RBA on Hold at June 7th Meet RBA surprised the markets at its May 5th meeting by lowering its main interest rate to 1.75% from 2% and cut its Dec-16 inflation forecasts by a full percentage point in its quarterly Statement of Monetary Policy (SoMP...
Currency
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Roberto Jacobs, 2 June 2016, 15:17
CAD to Remain Low Against USD in Short-Term, Likely to Appreciate Significantly in 2017 The Canadian dollar has slightly recovered from its multiyear lows at the start of 2016 due to rebound in the oil price and as the US Fed has still refrained from raising interest rates...
Currency
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Roberto Jacobs, 2 June 2016, 15:15
USD/CHF Trades Weak on Brexit Fears, Decline Till 0.9660 Is Possible Swiss franc has gained significantly after Brexit fears looms. It has recovered after making a low of 0.99510 yesterday...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 15:11 #usdchf
FxWirePro: Copper Forms Bullish Gartley Pattern, Good to Buy at Dips Harmonic Pattern- Bullish Gartley Pattern Potential Reversal Zone (PRZ) – 2.020 Copper is expected to complete its Bullish Gartley pattern at 2.020 level. The commodity has declined till 2.037 and slightly jumped from that level...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 15:02
GBP/USD is at Critical Support In the wake of major economic releases today, we can see that the GBP/USD pair is very close to critical support. Maybe it is time for a retracement. Current price action suggest a possible retracement towards 1.4540-50 zone (POC). 1...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 15:00
GBP/USD Surges to Fresh Session High Just to Retrace Back to 1.4450 The GBP/USD pair surged to a fresh session high of 1.4472 but retraced few pips to currently trade around 1.4450 after two US labor market indicators came-in-line with estimates...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 14:56
USD/JPY Sidelined Near 109.00 Post-ADP USD/JPY remains entrenched in the red territory today, bouncing off lows near 108.80 and looking to stabilized in the 109.00 neighbourhood...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 14:34
EUR/USD: Trading the US Non-Farm Payrolls US Nonfarm Employment Change measures the change in the number of newly employed people in the US, excluding workers in the farming industry. A reading which is higher than the market forecast is bullish for the dollar...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 14:32
AUD/USD On the Verge of Breaking Below 0.7200 After ADP Report Extending its reversal from the very important 200-day SMA, the AUD/USD pair has now dropped to session low after the release of ADP report on the US private sector employment...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 14:28
USD/CAD Sell the Upticks to 1.32-1.33 – Westpac In view of Richard Franulovich, Strategist at Westpac, bullish attempts in the pair to the 1.32-1.33 area could be regarded as selling opportunities. Key Quotes “USD/CAD admittedly looks like it’s building a solid beach-head above 1...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 14:26
EUR/USD Focus on Draghi, Supported at 1.10/1.11 – Westpac According to Strategist Richard Franulovich at Westpac, the pair could find a base in the 1.10/1.11 area, while the immediate risk remains Draghi’s presser today. Key Quotes “EUR likely to fi nd a base into 1.10-1...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 14:22
China: PBOC Fixed Yuan Firmer by Most in Three Weeks - BBH Research Team at BBH, notes that the PBOC fixed yuan firmer (0.36%) by the most in three weeks. Key Quotes “The weaker dollar offered the yuan a reprieve as it been near the year's lows...
Currency
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Roberto Jacobs, 2 June 2016, 14:20 #China
EUR/GBP Drops to Session Low of 0.7740 After ECB Stands Pat The EUR/GBP pair dropped below 0.7750 level but held steady, trading with marginal loss at 0.7740 after the ECB left its main interest rate unchanged at 0.0...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 14:16
ECB Leaves Interest Rate Unchanged at 0.0% The European Central Bank decided that the interest rate on the main refinancing operations will remain unchanged at 0.00%. The Governing Council also left the interest rates on the marginal lending facility at 0.25% and the deposit facility at -0.40...
Currency
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Roberto Jacobs, 2 June 2016, 14:14 #ECB
EUR/USD Tests 1.1180 on Steady ECB The shared currency lost some pips following the ECB rate decision today, with EUR/USD orbiting around the 1.1190/80 band...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 14:10
AUDUSD. The pair was seen reversing its Wednesday losses during Thursday trading session today. This development has left AUDUSD targeting further downside pressure. On the downside, support resides at the 0.7200 level where a breach will aim at the 0.7150 level...
Analytics & Forecasts
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FXTechstrategy.com, 2 June 2016, 14:09