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Asian Stocks Drop on Weaker Oil, Global Growth Concerns The Asian stocks snapped the previous rebound and fell sharply this Wednesday, tracking steep losses booked on the Wall Street overnight...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 05:04
USD/JPY Regains Momentum, Back Above 107 Handle The USD/JPY pair is once again taking on the recovery above 107 handle, reversing a brief dip to session lows struck at 106...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 05:01
AUD/USD: Overly Long Market Caught Wrong-Sided AUD/USD has come under strong selling pressure, yet again, at the open of market in China, last exchanging hands at fresh lows circa 0.7470, following the somewhat surprising 25bp rate cut by the RBA on Tuesday to a new record low interest rate of 1...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 04:58
FxWirePro: USD/KRW Hovers Around Key Resistance at 1153, Intraday Bias Remains Neutral USD/KRW is currently trading around 1154 levels. It made intraday high at 1154 and low at 1150 levels. Intraday bias remains neutral till the time pair holds key resistance at 1153 levels...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 04:55
Talking Points: CADJPY Technical Strategy: Turning bearish Elliottwave Count: Larger impulse bearish count. We were expecting correction over 88.50 area where we were tracking wave c termination point. We marked with yellow round. Same point was also treated a channel resistance. From 88...
Analytics & Forecasts
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hoagtrading, 4 May 2016, 04:46
AUD/NZD Bears Remain in Control, Tgt YTD Low 1.0539 AUD/NZD bears remain in control, despite the GTD price index shocker and the RBA rate cut, that was only 40% priced in continues to drive the cross off a cliff. AUD/NZD was at 1.1250 just last week and we have made recent lows of 1...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 03:24
Yen is Top Performer for 2016 So Far - Nomura Analysts at Nomura explained that the Japanese yen (JPY) is the top-performing currency year-to-date...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 02:35
AUD/USD: Only 40% of the RBA was Priced in - Westpac Analysts at Westpac noted that AUD/USD was 0.7710 ahead of the RBA’s rate cut which was only 40% priced in, so fell steeply to around 0.7560 in the Sydney afternoon. Key Quotes: "The Aussie attempted a rally in the London morning to around 0...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 02:22
Key Events in the U.S. - Nomura Analysts at Nomura offered a preview of U.S. data events. Key Quotes: "ADP employment: In line with our forecast for BLS private nonfarm payrolls, we forecast that ADP private employment gained an additional 200k jobs in April (Consensus: 195k...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 02:19
AUD/JPY: Downside Targets 2016 Lows 77.56 AUD/JPY is back on to the 80 handle with a pick-up in USD/JPY with the cross reaching a high of 80.37 while intra-session highs were recorded at 80.57 on the post-RBA cut, yet short-lived, re-bound...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 02:08
Key Events: Awaiting U.S. Open - Westpac Analysts at Westpac noted that the Asian data calendar is light. Key Quotes: "Indonesia Q1 GDP is expected to be stable at 5.1% y/y...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 01:58
NZD/USD Slightly Bid on Best Q1 Jobs Since 2004 NZD/USD is mixed on a mixed jobs data release, with an initial offer, but now securing a bid on pre-announcement levels. The unemployment rate increased to 5.7% vs 5.5% expected while average hourly earnings were lower than expected...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 01:16 #nzdusd
USD/JPY: Intervention on its Way, but How? Market Eyes 103.80 USD/JPY shot up earlier in a freak move with little substance behind it in thin trade. 107 was popped but only momentarily...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 01:10
AUD/USD: Technically 0.7450 is the One to Watch - FXStreet Valeria Bednarik, chief analyst at FXStreet explained the technical picture surrounding AUD/USD Key Quotes: "In the 4 hours chart, the price remained capped by a flat 20 SMA, now around 0...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 01:07
AUD/USD: headed to 0.7477? More action to come ... AUD/USD is pursuing the downside and more than often, a weekly bearish stick is followed by at least another one or two, although that has not been the case so far this year...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 01:03
FTSE Bearish Potential Persists - FXStreet The FTSE 100 fell to a 3-week low, down 0.90% to close at 6,185.59, as poor manufacturing data coming from China weighed on the mining sector. Shares in Anglo American dived 12.8%, Glencore fell 8% and BHP Billiton dropped 6...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 01:00
USD/JPY: Markets Taking Control Despite BoJ - FXStreet Valeria Bednarik, chief analyst at FXStreet noted that the USD/JPY pair extended its decline down to 105.54 before finally meeting some buying interest, and bounced modestly to close the day a handful of pips above the 106.00 mark...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 00:58
US Stocks Fall Sharply Amid Global Growth Concerns Wall Street plummeted as tech stocks remained under pressure, while oil decline sent the energy sector 2.4% lower. The Dow Jones Industrial Average dived 140 points to close at 17,750.91, the Nasdaq lost 1.13% to end at 4,763...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 00:56
DAX Hovers Below 10,000 The German DAX lost 1.94% or 192 points to end the day at 9,926.77, following further declines in oil prices and renewed concerns over a weakening global economy after China's manufacturing sector contracted for a fourteenth month in-a-row...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 00:53 #dax
Nikkei: Technicals Favour the Downside - FXStreet Asian shares closed mostly higher on Tuesday, fueled by RBA's decision to cut its main benchmark and despite China's Caixin Manufacturing PMI weakened to 49.4 in May from 49.7 in April, below market expectations...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 00:52 #Nikkei