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WTI Retreats Further, Breaches $49.00 Crude oil prices are posting losses for the second straight session so far, with the American benchmark for the sweet light crude oil around $49.00 per barrel...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 16:01 #WTI
Gold Downward Spiral Extends for Eight Consecutive Session On Friday, Gold extended its downward trajectory for eight consecutive trading session, its longest losing streak since Oct. 2015, to currently trade around 100-day SMA near $1215...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 15:58 #gold
NZD: Resistant to Local Factors - ANZ Research Team at ANZ, suggests that the NZD remains a strong currency despite signs of hardship within the NZ dairy sector...
Currency
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Roberto Jacobs, 27 May 2016, 15:55
USD/CAD Climbs to Highs Near 1.3070 The greenback is gathering further steam vs. its Canadian peer today, now lifting USD/CAD to test fresh tops in the 1.3060/70 band. USD/CAD up up up its goes Spot is stretching out its recent break above the psychological 1...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 15:53
GBP/JPY Corrects for Second Day Running, Moves Closer to 160.00 Level After rising above 100-day SMA for the first time since Nov. 2015 to a four-week high level of 162.53, the GBP/JPY pair erased majority of its weekly gains and has now dropped back close to the 160.00 psychological mark...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 15:50
EUR/USD Keeps Lows Post-US GDP EUR/USD remained mostly apathetic following the release of US GDP figures, keeping the trade in the lower end of the daily range around 1.1170...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 15:44
GBP/USD Unmoved After US GDP Release, Holds in Red Below 1.4650 The GBP/USD pair held steady below 1.4650, with a minor downward reaction to 1...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 15:42
CAD: Bank of Canada in Wait-and-See Mode – Commerzbank Dr Jörg Krämer, Chief Economist at Commerzbank. Suggests that economic risks resulting from the lower oil price had prompted the Bank of Canada (BoC) to lower key interest rates to 0...
Currency
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Roberto Jacobs, 27 May 2016, 15:38
AUD: Vulnerabilities to Remain – ANZ Research Team at ANZ, suggests that impending risks are not fully priced into the AUD and they continue to forecast a lower AUD by year end. Key Quotes “The AUD has sold-off sharply over the last month...
Currency
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Roberto Jacobs, 27 May 2016, 14:27
Swiss Francs: At the ECB’s Mercy – Commerzbank Dr Jörg Krämer, Chief Economist at Commerzbank, suggests that the Swiss economy has so far coped well with the discontinuation of the EUR-CHF exchange rate floor...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 14:25
EUR/USD Drops to Session Low Ahead of US GDP Release In last one-hour, the US Dollar seems to have gained traction, leading to a sharp decline for the EUR/USD pair back below 100-day SMA support to currently trade at session low...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 14:19
USD/JPY Further Choppy Trade Ahead – UOB USD/JPY is expected to trade in a broad consolidative range between 108.80 and 110.60 in the next weeks, according to analysts at UOB Group. Key Quotes “While the strong 110...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 14:16
GBP: Brexit Referendum Overshadows Everything – Commerzbank Dr Jörg Krämer, Chief Economist at Commerzbank, suggests that on 23 June, a referendum will be held on UK membership of the EU which increases uncertainty which has allowed the GBP to depreciate markedly and the options market also refle...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 14:13
USD/CAD Inches Higher to 1.3040 as Oil Slides Further As oil retreat from the much talked above $50.00 psychological mark, the USD/CAD pair extended its Thursday's bounce off 50-day SMA support to currently trade comfortably above 1.3000 handle at 1.3040. Extending its decline from $50...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 14:10
USD GDP: What to Expect of EUR/USD The main highlight in today’s US docket will be the release of another revision of the GDP figures for the first quarter. Market consensus expects the economy to have expanded at an annualized pace of 0.9%, up from the previous 0.5% gain...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 14:07
EUR/JPY Drops to 122.50, Upside Seems Capped Around 123.00 The EUR/JPY pair remained under pressure and turned lower from 20-day SMA resistance to currently trade near the mid-point of 123.00-122.00 handle. Following its decline below 123...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 14:04
NZDUSD: Having the pair halted its weakness and continued to hold above its Thursday low at the 0.6691 level, there is risk of a follow through higher. Support lies at the 0.6700 level where a break will aim at the 0.6650 level. Further down, the 0.6600 level comes in as the next downside target...
Analytics & Forecasts
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FXTechstrategy.com, 27 May 2016, 13:51 #nzdusd
GBP/USD Bullish Near-Term, 1.4770 on Sight Analysts at UOB Group see the current soft tone in GBP/USD as temporary, while a test of 1.4770 remains on the table. Key Quotes “Instead of extending towards the strong 1.4770 resistance, GBP eased off quickly to touch an overnight low of 1.4650...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 13:21
Gold Weaker Ahead of US GDP The precious metal is extending its bearish note at the end of the week, navigating the area of 3-month lows around $ 1,1215 per troy ounce...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 13:15 #gold
FTSE Poised for Second Successive Weekly Gain Barring a dramatic about turn later today the FTSE 100 is set to post another week of gains after breaking a series of lower closes last Friday...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 13:13