USD/JPY: bearish bias but look out for surprises – Scotiabank

FXStreet (Guatemala) – Eric Theoret, CFA, CMT FX Strategist at Scotiabank explained that USD/JPY continues to move in tandem with measures of sentiment, as shown by its tight correlation to risk reversals—both the one-month and one-year measure hint to extreme levels of relative demand for protection against upside risk in JPY. Key Quotes:”Relative policy considerations are providing for added support, as we look to the continued narrowing in the U.S.-Japan 2Y yield spread on the back of fading market expectations for Fed tightening.””JPY risk remains balanced to the upside, however we highlight growing signs of official concern with a second consecutive day of ‘unnamed official’ media comments—Wednesday’s concerns about JPY strength followed by Thursday’s hints to potential BoJ easing. The next BoJ policy decision is scheduled for January 29th (January 28th EST). Risk of a surprise has risen.”Eric Theoret, CFA, CMT FX Strategist at Scotiabank explained that USD/JPY continues to move in tandem with measures of sentiment, as shown by its tight correlation to risk reversals—both the one-month and one-year measure hint to extreme levels of relative demand for protection against upside risk in JPY.

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AUD/USD extends recovery to near 0.7000

FXStreet (Córdoba) – The Australian dollar is on recovery mode on Thursday along with other commodity currencies and oil prices.

AUD/USD bounced from daily lows at the 0.6875 area and climbed more than 100 pips over the last hours, hitting a fresh 6-day high of 0.6977 in recent dealings. At time of writing, the pair is trading at 0.6968, recording a 0.91% gain on the day, and extending its comeback from multi-year lows scored last week.AUD/USD technical levels

In terms of technical levels, AUD/USD could find immediate resistances are seen at 0.7000 (Jan 15 high/psychological level) and 0.7085 (Jan 7 high), while supports are seen at 0.6826 (7-year low, Jan 15), 0.6855 (Apr 2009 monthly low) and 0.6800 (psychological level). The Australian dollar is on recovery mode on Thursday along with other commodity currencies and oil prices.

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GBP/USD recovers amid risk appetite

FXStreet (Córdoba) – GBP/USD rose back above 1.4100 and extended the recovery during the last hours as stocks in Europa and in Wall Street climb further. The pound also gained ground versus the euro and the yen. GBP/USD moving away from 2009 lows

Cable weakened during the European session amid a decline of the pound across the board and broke below 1.4100 hitting at 1.4078, the lowest level since 2009. Afterward, it stabilized and recently broke above 1.4115 extending the recovery. It reached a fresh American session high at 1.4160 and currently trades at 1.4150/55, lower for the day but away from daily lows. Short-term momentum favors the upside. Levels to watchTo the upside, the immediate resistance is seen around 1.4160/65 (20-hour moving average) followed by 1.4200/05 (psychological / daily high) and 1.4220 (Jan 20 high). On the opposite direction, support might now be located at 1.4120, (Jan 19 & 20 low) and 1.4075/80 (daily low).GBP/USD rose back above 1.4100 and extended the recovery during the last hours as stocks in Europa and in Wall Street climb further. The pound also gained ground versus the euro and the yen.

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NZD/USD’s load down and all about the 1hr 200 sma

FXStreet (Guatemala) – NZD/USD is duplicating the ebbs and flows of the Aussie as we lack the kind of drivers seen at the start of the year and a level of stability is coming back into Asian markets with the yuan fix, for example, relatively neutral fo…Запись NZD/USD’s load down and all about the 1hr 200 sma впервые появилась Forex.

United States EIA Crude Oil Stocks change came in at 3.979M, above forecasts (2.811M) in January 15

FXStreet.com (Barcelona) For more information, read our latest forex news. United States EIA Crude Oil Stocks change came in at 3.979M, above forecasts (2.811M) in January 15 (Market News Provided by FXstreet)Запись United States EIA Crude Oil Stocks change came in at 3.979M, above forecasts (2.811M) in January 15 впервые появилась Forex.

EUR/USD: A false break? – BBH

FXStreet (Córdoba) – According to analysts from Brown Brother Harriman, today’s Draghi press conference moved the EUR/USD to the downside, but it is not clear if it will remain lower or if it is a false breakout. Key Quotes: “ECB President Draghi has sent the euro back down into the lower end of the recent range as he gave a strong signal that additional action could be delivered as early as March, the next meeting. The euro had approached the upper end of its range yesterday and now is slipping through $1.08.”“There have been a few false breaks (moves outside the range that have not been sustained). A trendline drawn off the early December low (~$1.0525) and the low from earlier this month (~$1.0710) comes in today just below $1.08. Given the volatility of the global asset markets and growing conviction that the Fed will not lift rates in March makes us wary of another false break.” According to analysts from Brown Brother Harriman, today’s Draghi press conference moved the euro to the downside, but it is not clear if it will remain lower or if it is a false breakout.

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Gold stays below $1100/Oz in US

FXStreet (Mumbai) – Gold prices remain below the psychological level of USD 1100/Oz levels as the USD index strengthened after ECB’s Draghi jawboned the EUR/USD pair lower. Offered near 50-DMAThe metal ran into offers as it neared 50-DMA level earlier today on account of risk aversion in Asia. However, the European equities turned higher in early Europe in anticipation of dovish comments from the ECB and extended gains further after Draghi hinted at more easing in December. Hence, the haven demand for the metal dipped and is ensuring the metal remains below USD 1100/Oz levels. The US equities are trading moderately positive as well. Hence, there is little motivation to buy the yellow metal at the moment.Gold Technical LevelsThe immediate resistance is seen at 1105.30 (50-DMA), above which the prices could rise to 1109.70 (previous daily high). On the other hand, a break below the immediate support at 1092.74 (hourly 100-MA) could send the metal lower to 1080.48 (23.6% of Oct high-Dec low).Gold prices remain below the psychological level of USD 1100/Oz levels as the USD index strengthened after ECB’s Draghi jawboned the EUR/USD pair lower.

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Technically speaking….EURUSD tries to keep a lid on it post Draghi

Midpoint of year/day hold the line
The EURUSD has moved back higher as trading below the 1.0788 level () could not solicit much selling and the “Draghi event” finished.  Short below 1.0815 covered.  Stocks in the US also gave back their gains (now moving higher again in volatile trading).The post Technically speaking….EURUSD tries to keep a lid on it post Draghi appeared first on Forex news – Iqoption – Binary options.