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NORWAY C.BANK SURVEY: NORGES BANK'S REGIONAL NETWORK CONTACTS REPORT SOME INCREASE IN OUTPUT OVER THE PAST THREE MONTHS. ENTERPRISES EXPECT SLIGHTLY HIGHER GROWTH OVER THE NEXT SIX MONTHS...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 03:04
Industrial production in India posted a surprise fall during the month of August, remaining well below market expectations, owing to weakness in manufacturing activities. India’s industrial production dropped 2.4 percent in July from a year ago, confounding expectations for an increase of 1...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 02:33
Major support – 135.09 (38.2% retracement of 138.83 and 129.06). Major resistance – 137.66 (55-day EMA). GBP/JPY has once again recovered after making a low of 135.17. It is currently trading around 135.90. On the lower side, major support is around 135.09 (38.2% retracement of 138.83 and 129...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 02:32
AUD/JPY slips below 20-DMA at 77.30 on Mondays trade, intraday bias lower. Techs are bearish, we see scope for test of trendline support at 76. Major support levels - 76.50 (Aug 2, 3 low), 76.41 (Sept 12 low), 76.06 (Aug 19 low). Major resistance levels - 77, 77.26 (20-DMA), 77.35 (23.6% Fib). ​...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 02:32
Germany’s inflation rate continues to be at a low level in August. According to the Federal Statistics Office, Destatis, the country’s consumer prices dropped in sequential terms, but rose on year-on-year basis. In annual terms, Germany’s consumer prices rose 0.4 percent in August...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 02:20
USD/CNY is currently trading around 6.6827 marks. It made intraday high at 6.6873 and low at 6.6780 levels. Intraday bias remains bullish till the time pair holds key support at 6.6710 marks. On the top side, a sustained close above 6.6800 mark will test key resistances at 6.6873, 6.7017, 6...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 02:18
After the Brexit referendum in the United Kingdom, sterling suffered a devaluation against its major trading counterparts and as a result of that, in July, inflation reading surprised to the upside...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 02:16
We emphasize potential trading opportunities related to anomalies or dislocations in emerging market currencies...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 02:13
Major support- 1.118 (90- day EMA). Major resistance – 1.12780 (61.8% retracement of 1.13269 and 1.11986). EUR/USD has declined sharply after making a 1.12678 yesterday. It is currently trading around 1.2232. On the higher side, any break above 1.12780 will take the pair till 1.1300/1.13270/1...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 02:08 #EUR/USD
Major support – 10300 (38.2% retracement of 10806 and 8695). Major resistance – 10806 DAX30 has taken support near 23.6% retracement of 10806 and 8695 and slightly jumped from that level. It is currently trading around 10492...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 01:40
Market Roundup Japan FinMin Aso – BoJ still aiming for 2% inflation after policy assessment, government and BoJ closely coordinating policies - Reuters. Japan METI/ESRI survey – Q3 big mfg sentiment index +2.9, Q2 -11.1, +8.6 forecast for Q4, previous survey +12.0, FY ‘16/17 CAPEX +4.9% y/y, +3...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 01:36
Euro area’s industrial production growth is expected to have declined in July. According to a Societe Generale research note, the national figures released, which account for more than 75 percent of euro area output, indicate towards a drop of 1.2 percent in sequential terms...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 01:35
As the delta risk reversals of EURJPY have again shown in bullish interests as the progressive increase in positive numbers to signify the traction for short term upside sentiments in 1w expiries but no changes for further downside risks in long-term tenors...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 01:35
USD/TRY is currently trading at 2.9778 levels. It made intraday high at 2.9787 and low at 2.9624 levels. Intraday bias remains bullish till the time pair holds key support at 2.9614. Key resistances are seen at 2.9787, 2.9867, 2.9977, 3.0085, 3.0268, 3.0392, 3.0675, 3.0749, 3.0921, 3.0967 and 3...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 01:34
Consumer prices in India eased during the month of August, remaining lower than what markets had initially anticipated, raising hopes of a rate cut by the new Reserve Bank of India Governor Urijit Patel. India’s consumer price index (CPI) rose 5...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 01:32
The long-term Japanese bond gained Tuesday as investors speculate that the Bank of Japan will lower its key interest rate further into negative territory. Also, weak crude oil prices drove traders towards safe-haven buying...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 01:31
Major resistance- 1.3350 Major support -1.3235 (14 day MA) Cable has recovered sharply from the low of 1.3235 and is currently trading around 1.33305. The pair should break above 1.3350 for further bullishness. Any break above 1.3350 will take the pair to next level till 1.3400/1.3480...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 01:27 #GBP/USD
EUR/GBP confined to a narrow range in the Asian session. Price action within daily cloud, with cloud top offering strong resistance. Cautious tone prevalent in the markets, as all eyes remain focused on the UK inflation report. Major support levels - 0.84, 0.8392 (55-EMA), 0...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 01:26 #eur/gbp
Major support – 135.09 (38.2% retracement of 138.83 and 129.06). Major resistance – 137.66 (55-day EMA). GBP/JPY has once again recovered after making a low of 135.17. It is currently trading around 135.90. On the lower side, major support is around 135.09 (38.2% retracement of 138.83 and 129...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 01:25
David Cameron, the former Prime Minister of the United Kingdom has chosen to drop out completely from the British Parliament and with immediate effect...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 01:24