AUD/USD Bullish Above 0.7725/50 – UOB In view of the research team at UOB Group, the Aussie dollar could accelerate its gains above the 0.7725/50 band. Key Quotes “AUD touched a low of 0...
EUR/GBP Remains Under Pressure – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the cross well supported in the 0.7881/0.7827 area. Key Quotes “EUR/GBP remains under pressure following its recent reversal from target. It has sold off to nearby support at...
EUR/JPY Stays Below 123 Despite Upward Revision of Eurozone Inflation Upward revision of Eurozone HICP inflation has failed to strengthen the bid tone around EUR, leaving the EUR/JPY cross below 123.00 handle. Supported by 122.72 Cross fell to a low of 122.72 before recovering to just above 123...
EUR/GBP fails once again near 0.7970 Post-CPI The bulls were left unimpressed by the upward revision to the Eurozone CPI estimates, sending EUR/GBP lower towards the mid-point of 0.79 handle. EUR/GBP capped below 5-DMA Currently, the EUR/GBP pair trades 0.28% higher at 0...
EUR/USD Keeps the Red on EMU’s CPI EUR/USD remained unchanged following the final CPI figures in the euro area for the month of March, currently navigating the 1.1270 area. EUR/USD now looks to US CPI Spot is attempting a rebound from earlier lows in the 1...
IMF Sounds More Warnings - ANZ Research Team at ANZ, suggests that last night, the IMF’s semi-annual Fiscal Monitor warned that fiscal deficits in emerging economies are projected to be higher this year than they were during the GFC...
JPY: Real Exports Expected to Rise Slightly - Nomura Research Team at Nomura, suggests that Japanese real exports are expected to rise slightly in March while they are anticipating weakness in both exports and imports in Jan-Mar...
EUR/USD Drops to 23.6% Fibo Support EUR/USD pair continues to lose ground amid broad based USD strength, now trading just below 1.1241 (23.6% of 1.0517-1.1465). Stocks open mixed, EUR remains weak European stock markets have opened on a flat note, with UK’s FTSE trading lower by 0...
China: Growing Foreign Investment with Changed Targets - NAB Gerard Burg, Senior Economist at NAB, notes that the pattern of foreign investment is changing, with China targeting different countries and sectors than in the initial wave that commenced in the mid-2000s...
SEK Stronger Ahead of Riksbank – Danske Bank Jens Sorensen, Chief Analyst at Danske Bank, sees the SEK picking up pace in light of the Riksbank meeting next week. Key Quotes “Yesterday EUR/SEK tested lower levels ahead of the low from 30 December and support level at 9.1220”...
Doha Output Freeze Deal at Coin-Flip Levels – Bloomberg Survey According to the latest Bloomberg survey, oil markets see a 50-50 chance that Russia, Saudi Arabia and other major producers will agree to freeze output in Doha on April 17...
US CPI: Headline Likely Higher Propelled by Gasoline Prices - TDS Research Team at TDS, suggests that higher gasoline prices are expected to push US March headline CPI up by a fairly firm 0.2% m/m (up 0.175% m/m at 3 decimal places...
EUR/USD Downside Limited Near 1.1140? – UOB The research team at UOB Group expects the pair to drop further albeit the pullback could be limited around 1.1140. Key Quotes “We have held a neutral EUR view for close to 4 weeks and the break below the key 1...
EUR/USD Door Open for a Visit to 1.1144 – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, believes the pair could slip towards 1.1144. Key Quotes “EUR/USD charted a minor new high of 1.1465 which was not confirmed by the daily RSI earlier this week”...
USD/CHF Side-Lined Below 0.9700, Awaits Fresh Impetus The US dollar extends its side-trend versus its Swiss counterpart in the early European trades, keeping USD/CHF in the upper band of 0.96 handle. USD/CHF confined in a tight range Currently, the USD/CHF pair trades modestly flat at 0...
EUR/JPY Deflates from Highs, Returns to 123.20 The renewed weakness around the single currency remains the exclusive drag for EUR/JPY for the time being, now coming down from overnight tops near 123.40...
USD/JPY: Bull Run Off 107.50 Backed Up by Jump in Open Interest Preliminary data from the CME Group shows that futures traders have been adding new long-sided business in the 6J contracts (USD/JPY) during this week, suggesting that the current rebound off 107...
BoC: On Hold, Raises Forecast with Cautious Tone - Nomura Charles St-Arnaud, Research Analyst at Nomura, notes that as widely expected, the Bank of Canada (BoC) kept its policy rate unchanged at 0...
Oil Retreats Further from 5-Month Highs, Doha Talks in Focus Oil benchmarks on both sides of Atlantic fell further into losses on Thursday, moving further away from multi-month peaks as bearish inventory report and nervous ahead of Doha OPEC meeting weighs on investors’ minds...
