Forex

Event calendar

26

Forex today: yields at four-year highs, dollar firmed up on 91 handle Ross J Burland

Forex today was lacking data from both the European and US sessions and was less volatile while traders await the outcome of the ECB on Thursday.The dollar was bid on the basis that US yields climbed higher in both the twos and tens and focus remained on US stocks once again. The DXY traded at the higher end of the  90.7500-91.2610range for the best part of the US session while both US 10's (2.99%...

02:23 26 April /2018 Forex

Can USD/JPY go higher? - Nomura Ross J Burland

Analysts at Nomura explained that as bond market implied volatility remains muted, USD/JPY and cross yens may benefit from higher foreign yields, while JGB yields remain low owing to the BOJ’s yield curve control policy. Key Quotes:"Further upside in USD/JPY and EUR/JPY is possible as long as rises in foreign yields are sm...

01:46 26 April /2018 Forex

ECB preview: always interest in Draghi’s presser - Nomura Ross J Burland

Analysts at Nomura explained that the global focus is the ECB policy decision. Key Quotes:"Interest rates are firmly on hold, as is the asset purchase (money-printing) program, running at EUR30bn per month until at least end-September.""But there is always interest in President Draghi’s press conference. 01:23 26 April /2018 Forex

EUR/USD continues to slide, 1.2150 on deck as ECB rate decision looms Joshua Gibson

The EUR/USD is continuing to fall, currently testing into 1.2160 in the overnight session.The Euro declined steadily in Wednesday's trading as the US Dollar continues to surge on lifting US Treasury yields. The 10-year note is trading over the key 3% yield level, and the Greenback is bounding higher as traders pile back into the USD, even as ...

01:00 26 April /2018 Forex

Wall Street stocks rebound led by Dow Jones and Boeing earnings Flavio Tosti

US Stocks rebounded on Wednesday led by Boeing shares which reported better than average earnings. However, the tug of war between rising interest rates and earnings goes on Wall Street. “We’re going to have to continue this back and forth because the question is going to be throughout the year whether or not and at what level are rates too high for the economy,” said Brent Schutte, chief investme...

00:23 26 April /2018 Forex

USD/JPY: lets try and figure this one out shall we? 110 here we come, or not so fast? Ross J Burland

USD/JPY has capped out at the highs for today, although is stabilising in the vicinity of the highs and the market sentiment keeps the bid alive for the DXY, firmly placed on the 91 handle as both the 10 and 2-year yields stay elevated. USD/JPY busted through the 107.50/00 resistance recently and has not turned back with the market coveri...

23:46 25 April /2018 Forex

Bitcoin price analysis: BTC/USD hanging on to $9,000 thanks to receiving support at strong ascending trend line, after bulls lose out to bear territory Ken Chigbo

 The Bitcoin price is seen down around 6% in the latter stages of trading on Wednesday, after being down as much as 10% in the early part of the day. This weakness comes as the major altcoins are moving in lock-step, with the cooling in prices across the board.It isn’t too surprising observing this fairly chunky pullback, given the st...

22:46 25 April /2018 Forex

Markets await ECB: a quiet session before the storm? - ANZ Ross J Burland

Analysts at ANZ noted that it was a quiet, mixed session overnight. Key Quotes:"There were no data releases of any significance and markets were generally quiet, with the ECB meeting tonight the main focus." "The euro retained its firmer tone, while European stocks were under pressure.""The DAX finished down 1.0%, the CAC 40 was off 0.6% and FTSE 100 was down 0.6%.""The US 10-year...

22:46 25 April /2018 Forex

EUR/USD seen at 1.28 in 12M on ECB - Danske Bank Matías Salord

A slide within the 1.21-1.26 range could be seen near term but a firm break higher on ECB will constitute the next big move in the pair, according to analysts at Danske Bank. They see EUR/USD at 1.23 in 3M, 1.25 in 6M, and 1.28 in 12M.Key Quotes: “Euro...

22:46 25 April /2018 Forex

Nasdaq say they are open to cryptocurrency exchange Ken Chigbo

 The CEO of the U.S. exchange operator Nasdaq, noted the organisation would be open to exploring a cryptocurrency exchange, but in time once the regulatory side of things has evolved within the crypto space, as reported by Thoman Reuters.Reuters quoted Andena Friedman, the CEO, saying “over time, if it ultimately does morph into a regulated environment, it does give us an opportunity to participat...

21:00 25 April /2018 Forex

Kuroda wonders why yen is safe haven; watching neg' correlation to stocks - Scotiabank Ross J Burland

Analysts at Scotiabank explained that BoJ Gov. Kuroda wondered aloud recently as to why the JPY was a safe haven. Key Quotes:"That moniker looks less appropriate but we think it’s status as a refuge relates to Japan’s large external surpluses which leave it less prone to sudden stops in capital flows.""Regardl...

20:00 25 April /2018 Forex

EUR/USD: bears in control below 100-D SMA ahead of ECB Thurs Ross J Burland

EUR/USD has fallen below the 100-D SMA in an extension below the rising support line from the start of Feb and early April business lows. Currently, EUR/USD is trading at 1.2173, down -0.48% on the day, having posted a daily high at 1.2239 and low at 1.2168.There were no major European data releases this morning and instead the dollar is ...

19:46 25 April /2018 Forex

EUR/USD: 1.2300 is key resistance, offered below towards 1.2153 - UOB Group Ross J Burland

In respect to the euro, analysts t UOB Group explained that the “pressure has shifted to the downside”.Key Quotes:"From here, the focus has shifted to last month’s 1.2153 low and based on the vastly improved downward momentum, the odds for a break of this level have increased considerably.""A clear break of this level would suggest that EUR is ready for much deeper down-move in th...

19:46 25 April /2018 Forex

USD/JPY: will it follow rate spreads? - Nomura Ross J Burland

Analysts at Nomura suggested to watch out for fixed income volatility.Key Quotes:"USD/JPY now appears to be moving in line with wider rate spreads. Correlation between rate spreads and USD/JPY is now increasing again.""One notable difference from the January-February period is the still low implied v...

19:00 25 April /2018 Forex

USD/JPY grinds higher towards 109.50 as US yields remain the main focus Flavio Tosti

The USD/JPY is trading at around 109.31 up 0.46% on Wednesday as the greenback is underpinned by multi-year highs in the US Treasury yields. The USD/JPY broke above Tuesday’s high and is en route towards the 109.47 level which is the 100-period simple moving average on the weekly time frame. In absence of major macroeconomic news, the central theme leadi...

18:23 25 April /2018 Forex

EUR/USD neutral bearish, supported at 1.2045/1.2145 - Scotiabank Pablo Piovano

FX Strategists at Scotiabank sees the pair within a neutral/bearish stance, noting that support is expected to arise in the 1.2045/1.2145 band in the short term.Key QuotesEURUSD remains soft, near yesterday’s low and towards the lower reaches of the wider trading band in place since the start of the year. T...

17:23 25 April /2018 Forex

EUR/USD looks to extend the rebound from 1.2170 Pablo Piovano

The continuation of the up move in the greenback continues to weigh on EUR/USD today, dragging it to fresh lows in the 1.2170 region.EUR/USD now looks to 1.2165/55The pair remains depressed during the first half of the week and is extending the leg lower to the 1.2170 region, trading at shouting distance fro...

17:23 25 April /2018 Forex

Bitcoin price analysis: BTC/USD encounters a build-up of sellers, commences downside correction; $9,000 is within reach John Isige

Bitcoin price entered stiff resistance after breaching $9,600 resistance level paving the way for sellers to have relief field day after a sustained uptrend that started a couple of weeks ago. The cryptocurrency has smashed through the support level at $9,250, besides; it is testing $9,100 on the downside.Bitcoin payments are continuing to gain traction around the world enabled by platforms like B...

16:23 25 April /2018 Forex

Gold stays near $1,320/oz, or session lows Pablo Piovano

The solid performance of the greenback has forced the ounce troy of the yellow metal to recede and trade in the vicinity of $1,320, or new multi-week lows.Gold remains under pressureBullion remains fragile so far today, looking to consolidate in the lower bound of the range near $1,320 followin...

14:23 25 April /2018 Forex

USD/JPY neutral, looks to 110.00 near term – UOB Pablo Piovano

FX Strategists at UOB Group noted the 110.00 handle should be back on the radar on a close above 109.30 in the short-term.Key Quotes24-hour view: “We highlighted yesterday that “a move above 109.00 would not be surprising” but noted that the strong 109.30 resistance is “unlikely to yield so easily”. USD s...

14:23 25 April /2018 Forex