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Yen Slips As Aso Talks Intervention Japanese finance minister Taro Aso spelled the “I” word for second consecutive day, indicating that Government may be nearing its patience level on Yen. He said Tokyo is ready to intervene if Yen exerts too much volatility, hurting the economy...
Analytics & Forecasts
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Roberto Jacobs, 10 May 2016, 10:28
FxWirePro: USD/CHF Faces Strong Support at 0.9630, Good to Buy at Dips Major resistance- 0.9800 Major intraday resistance – 0.9735 Major support – 0.9630 USD/CHF has declined till 0.9684 yesterday and pared its losses in US session. It is currently trading around 0.97101...
Analytics & Forecasts
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Roberto Jacobs, 10 May 2016, 10:23 #usdchf
AUD/USD Gains on Stable China Inflation, 100-DMA Eyed The Australian dollar gained against the USD after data showed China inflation figures, which was in line with expectations, indicating signs of a rebound in the Chinese economy...
Analytics & Forecasts
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Roberto Jacobs, 10 May 2016, 10:18
USD/JPY Underpinned by 105.86/38 – Commerzbank In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair remains supported by the 105.86/38 area. Key Quotes “USD/JPY last week sold off towards and reversed from the 200 month and 200 week moving averages at 105.86/38...
Analytics & Forecasts
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Roberto Jacobs, 10 May 2016, 10:14
USD/JPY Firmer, Closer to 109.00 The Japanese currency continues to depreciate on Tuesday, now taking USD/JPY to trade at shouting distance from the key barrier at 109.00...
Analytics & Forecasts
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Roberto Jacobs, 10 May 2016, 10:13
EUR/JPY Reclaims 124.00 Handle Global risk-on sentiment continues to drag JPY lower against most major currencies, with the EUR/JPY pair extending its recovery from 122.00 handle to move back above 124.00 mark...
Analytics & Forecasts
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Roberto Jacobs, 10 May 2016, 10:10
JPY: Finance Minister Aso Continues to Talk Up Intervention Threat - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the yen has continued to weaken in the Asian trading session leaving USD/JPY on course to increase for the sixth trading day out of the last seven as initial sharp yen gains...
Currency
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Roberto Jacobs, 10 May 2016, 10:08
Long Live FXRreturns - Deutsche Bank George Saravelos, Strategist at Deutsche Bank, notes that the international press is replete with stories of poor investor returns and discretionary fund closures this year...
Currency
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Roberto Jacobs, 10 May 2016, 10:05
Too Soon to Buy the USD: Look to Sell on Rallies - BNPP Research Team at BNP Paribas, suggests that the firming of the USD vs EUR and JPY over the past 24hrs suggests that the market is increasingly uncomfortable maintaining current levels of short USD exposure...
Analytics & Forecasts
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Roberto Jacobs, 10 May 2016, 10:03
USD/CAD Tracks Oil Recovery, Drops Below 1.2950 Tracking a sharp slide in crude oil prices on Monday, the USD/CAD pair moved above 1.3000 key psychological level but faded back below mid-point of 1.3000-1.2900 level on Tuesday...
Analytics & Forecasts
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Roberto Jacobs, 10 May 2016, 10:00
Triangle identified at 10-May-02:30 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.438 within the next 6 hours. Supporting Indicators : Downward sloping Moving Average Resistance Levels : ( B ) 1...
Charts
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Lahcene Ouled Moussa, 10 May 2016, 09:49
FxWirePro: Chinese Yuan falls As China's CPI Remains Stable in April USD/CNY is currently trading around 6.5198 marks. It made intraday high at 6.5224 and low at 6.5140 levels. The CPI rose 2.3% year-on-year in April, in line with market forecasts and unchanged for the third consecutive month...
Analytics & Forecasts
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Roberto Jacobs, 10 May 2016, 09:41
NZD/USD: Technical Picture is Bearish - Westpac Imre Speizer, Research Analyst at Westpac, suggests that the NZD/USD has been stronger than expected so far this year, thanks mainly to the US dollar’s decline. Key Quotes “We still expect it to weaken but now target an upgraded 0...
Analytics & Forecasts
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Roberto Jacobs, 10 May 2016, 09:37 #nzdusd
The USD remains a bullish currency in the longer-term, however the lack of a confirmed rise in core inflation and a cautiously neutral Fed have induced bearish sentiment on the USD in the short term. Dollar weakness is likely to continue until we get some solid tier one US data...
Currency
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Sherif Hasan, 10 May 2016, 09:36
AUD/JPY Extends 3-Day Winning Streak, 80 Handle Tested AUD/JPY extends its recovery mode from three-month troughs, receiving fresh boost from the extension of the risk-on trades in Europe. AUD/JPY advances on yen weakness The AUD/JPY pair now trades +0.66% higher at 79...
Analytics & Forecasts
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Roberto Jacobs, 10 May 2016, 09:35
As is usual for Monday, data events are few and price action is subdued. Ahead we have Factory Orders from Germany, CPI from Switzerland, and House Price Index from the UK – none of which are expected to have any notable impact. Start your week with my prepared most recent currency update below...
Weekly Trends
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Sherif Hasan, 10 May 2016, 09:24
NOK-Longs will Have to Wait – Danske Bank Mikael Milhoj, Senior Analyst at Danske Bank, believes NOK could barely react to another ‘on-hold’ stance by the Norges Bank at its meeting later in the week...
Analytics & Forecasts
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Roberto Jacobs, 10 May 2016, 09:13
EUR/USD Back on the Bids, Re-takes 1.1400 Fresh bids caught the EUR/USD pair ahead of 20-DMA (1.1368) over the last hour, as the US dollar wiped-out gains and turned in the red zone against its major peers amid a data-quiet European session ahead. EUR/USD bounces-off 1...
Analytics & Forecasts
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Roberto Jacobs, 10 May 2016, 09:11
GBP/USD Attempting a Move Past 20-DMA Resistance The GBP/USD pair maintained its bid tone above 1.4400 pivot point, lifting the pair back to day's peak level of 1.4428 during early European session...
Analytics & Forecasts
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Roberto Jacobs, 10 May 2016, 09:08
EUR/GBP Risks a Drop to 0.7654 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the cross could re-visit the mid-0.7600s. Key Quotes “No change - EUR/GBP continues to probe the...
Analytics & Forecasts
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Roberto Jacobs, 10 May 2016, 09:02