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Elliott Wave Analysis of EUR/JPY for April 26 - 2016 Wave summary: No change in view here. We continue to look for a continuation higher towards 127.77 as the first upside target for red wave iii. Short-term support is seen at 124...
Analytics & Forecasts
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Roberto Jacobs, 26 April 2016, 10:13
Technical Analysis of EUR/USD for April 26, 2016 When the European market opens, no economic news will be released, but the US will release some economic data such as the Richmond Manufacturing Index, CB Consumer Confidence, Flash Services PMI, S&P/CS Composite-20 HPI y/y, Durable Goods Order...
Technical Analysis of USD/JPY for April 26, 2016 In Asia, today Japan will not release any economic data but the US will release some economic data such as the Richmond Manufacturing Index, CB Consumer Confidence, Flash Services PMI, S&P/CS Composite-20 HPI y/y, Durable Goods Orders m/m, Core...
AUD/USD: Spikes Higher as Stops Above 0.7730 Tripped AUD/USD has found heavy buying interest at the London open, rising from sub 0.77 levels all the way towards 0.7742, gunning through stops above 0.7725/30 in the process, with more being reported at 0.7750 and 0.7760...
Analytics & Forecasts
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Roberto Jacobs, 26 April 2016, 10:04
Daily Analysis of USDX for April 26, 2016 On the H1 chart, USDX had a corrective session from last Friday's highs, as the Index is looking to perform a rebound above the 200 SMA on this timeframe...
Analytics & Forecasts
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Roberto Jacobs, 26 April 2016, 10:01
Daily Analysis of GBP/USD for April 26, 2016 GBP/USD is looking to trade at higher levels after a successful breakout above the resistance zone of 1.4401 and now we can expect some sideways consolidation before another key break to strength the bullish bias...
Analytics & Forecasts
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Roberto Jacobs, 26 April 2016, 09:51
USD/JPY Slips Further Below 111.00 Mark Following its rapid up-move on Friday last week, the USD/JPY extended its profit-taking move on Tuesday and is currently trading at day's low near 110.70 level. The pair has been moving higher on expectations of further easing by BoJ...
Analytics & Forecasts
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Roberto Jacobs, 26 April 2016, 09:47
UK: Brexit Takes an Early Toll - ING James Knightley, Senior Economist at ING, suggests that the business surveys, employment numbers and sentiment data suggest that Brexit-related uncertainty is weighing on the UK economy...
Analytics & Forecasts
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Roberto Jacobs, 26 April 2016, 09:46
#Fed meeting results will be known tomorrow, and a current newsflow is relatively quiet. In such circumstances, #traders are increasingly focusing on the British pound. #GPBUSD is climbing higher despite the threat of #Brexit. Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 26 April 2016, 09:31 #Trading, forex
USD/CAD Ranging Below 1.2700 Mark The USD/CAD pair gave up majority of its Monday's gain and since then has been trading indecisively within a narrow trading range ahead of the very important FOMC meeting outcome...
Analytics & Forecasts
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Roberto Jacobs, 26 April 2016, 09:24
FxWirePro: EUR/GBP Rangebound, Price Action capped Within Daily Cloud EUR/GBP under pressure near 0.7770 region, trades a tight range into the European session...
Analytics & Forecasts
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Roberto Jacobs, 26 April 2016, 09:18
FxWirePro: CAD/JPY Faces Strong Resistance at 88.68, Good to Sell on Rallies Major resistance- 88.68 (200 day MA) The pair has made a high of 88.36 yesterday and declined from that level. It is currently trading around 87.51. Short term trend is slightly bearish as long as resistance 88.70 holds...
Analytics & Forecasts
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Roberto Jacobs, 26 April 2016, 09:16 #CADJPY
FxWirePro: USD/CNY Remains Wells supported Above 6.49, Intraday Bias Remains Bullish Pair is currently supported above 6.49 marks and trading around 6.4933 levels. It made intraday high at 6.5030 and low at 6.4900 levels. Today PBOC sets Yuan mid-point at 6.4882 / dollar vs last close 6.4945...
Analytics & Forecasts
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Roberto Jacobs, 26 April 2016, 09:14
FxWirePro: GBP/JPY Struggles to Break Below 160, Good to Buy at Dips Major resistance -162.60 Major support – 160 The pair has recovered yesterday after making a low of 160.01. It is currently trading around 160.75. Short term trend is still bullish as long as support 160 holds...
Analytics & Forecasts
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Roberto Jacobs, 26 April 2016, 09:12
FxWirePro: AUD/USD Struggles at 0.77 Handle, Bias Lower Charts show scope for some downside in AUD/USD, but fundamentally it is difficult to argue for AUD downside. Rally in iron ore and steel prices, plus by oil’s resilience, argues for an extension of existing AUD speculative longs...
Analytics & Forecasts
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Roberto Jacobs, 26 April 2016, 09:05
FxWirePro: US Oil Breaks Major Support at $43, Good to Sell on Rallies Major support - $43 Major resistance - $44.50 US oil has broken major support $43 and declined till $42.56 yesterday. It is currently trading around $42.86...
Analytics & Forecasts
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Roberto Jacobs, 26 April 2016, 09:02
Oil: Recovery Loses Steam Ahead of API Report, FOMC Oil benchmarks on both sides of Atlantic stalled the rebound seen in the Asian session and fell back in the red zone as focus now shifts towards the weekly supplies reports and FOMC verdict...
Analytics & Forecasts
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Roberto Jacobs, 26 April 2016, 09:00 #FOMC
NZD/USD Retests 0.6880 Support Turned Immediate Resistance Level Adding on to Monday's minor recovery, the NZD/USD pair has been steadily climbing higher and is inching closer to 0.6900 mark to currently trade around 0.6880 level...
Analytics & Forecasts
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Roberto Jacobs, 26 April 2016, 08:57 #nzdusd
US: Durable Goods Orders Projected to Rebound - TDS Research Team at TDS, expects that the US Durable goods orders are projected to rebound in March following a 3.0% decline last month. Key Quotes “TD sees an upside risk to the market consensus of +1...
Analytics & Forecasts
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Roberto Jacobs, 26 April 2016, 08:55
EUR/GBP in the Red, Holds Above Monday’s Low The pound remains better bid versus its European counterpart in the early dealings, keeping EUR/GBP under pressure near 0.7770 region. EUR/GBP mires near six-week lows Currently, the EUR/GBP pair trades 0.08% lower at 0...
Analytics & Forecasts
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Roberto Jacobs, 26 April 2016, 08:52