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Technical Analysis of GBP/JPY for May 12, 2016 GBP/JPY is expected to trade with a bullish bias above 123.20. The pair is moving sideways around its 20-period and 50-period moving averages and stands above its support at 156.35...
Technical Analysis of USD/CAD for May 12, 2016 General overview for 12/05/2016: The downward wave progression is developing as anticipated, but the corrective pattern evolves towards z triple zig-zag. The projected tag for the wave c termination is still at the level of 1...
Technical Analysis of EUR/JPY for May 12, 2016 General overview for 12/05/2016: The price reaction from the grey rectangular typical zone was promising and even the first impulsive wave might be labeled after the drop, but the market was to weak to break out below the important support at the lev...
Elliott Wave Analysis of EUR/NZD for May 12 - 2016 Wave summary: It's not yet clear whether a direct rally towards 1.7052 and higher to 1.7273 is developing or a more complex structure is developing before the rally higher can take place. A break below support at 1...
Elliott Aave Analysis of EUR/JPY for May 12 - 2016 Wave summary: The correction in red wave [iv] turned into a triangle consolidation and should ultimately thrust higher towards 124.73 and maybe even slightly higher to 125...
Oil Output Disruptions to Erode Surplus, Demand May Surprise: IEA - Reuters According to a headline via Reuters, the International Energy Agency (EIA) was quoted on Thursday that Unplanned disruption to oil production in the likes of Canada, Nigeria or Libya could help run down a global overhang...
USD/CHF Drops Back to 0.9700 Handle, awaits Fresh Triggers The USD/CHF pair's intraday bias turned neutral as the pair erased a minor recovery to 0.9726 and dropped back to 0.9700 handle support. The pair has been facing strong resistance near 0.9755-60 area, marking 38...
FxWirePro: FTSE100 Faces Major Resistance at 5185, Good to Sell on Rallies Major support - 6100 FTSE100 has declined after making a high of 6173 yesterday. It is currently trading around 6111. Short term trend is slightly weak as long as resistance 6185 holds...
FxWirePro: AUD/JPY Faces Strong Resistance at 80.75, Good to Sell on Rallies Major resistance – 80.72 (10 day EMA) AUD/JPY has jumped after making a low of 78.17 on May 6th 2016. But the upside has been capped by 10 day EMA .It is currently trading around 79.85...
BoJ Intervention Threat: Lots of Barking - Westpac Sean Callow, Research Analyst at Westpac, suggests that rarely have we heard so many threats of intervention from Japanese officials without these being delivered...
UK: BoE Preview: Silence is Golden – ING Research Team at ING, suggests that as economic momentum stalls, the BoE’s challenge is to reflect near-term weakness in their forecasts without making a judgment on the referendum outcome...
GBP/JPY Consolidating Below 157.00 Level ahead of BOE Announcement The GBP/JPY pair is consolidating its Wednesday's reversal from 158.00 handle and is currently trading below 157.00 level ahead of the BOE announcements. The pair's near-term recovery from sub-154...
EUR/USD Attacks 1.1400, Ignores Negative European Equities The EUR/USD pair came under fresh selling pressure over the last hour, and now inches closer towards 1.14 handle as the US dollar picked-up strength against its major peers in an otherwise calm European session...
EUR/GBP Climbs to Session High ahead of BOE Super Thursday As the Europeans trading session gets underway, the EUR/GBP pair spiked to Wednesday's high level of 0.7919 ahead of the key event risk for the British Pound, the BoE's Super Thursday...
GBP/USD: Sellers Take Control in London, BoE Up Next GBP/USD has fallen sharply at the London open, printing its lowest for the day near 1.44 handle after successive topside failures through 1.4450 in Asia, which saw the risk sentiment improved a touch ahead of the BoE inflation report...
Technical Analysis of EUR/USD for May 12, 2016 When the European market opens, some economic news will be released such as Industrial Production m/m, French Final CPI m/m, and German WPI m/m...
Technical Analysis of USD/JPY for May 12, 2016 In Asia, Japan will release information on the Economy Watchers Sentiment indicator, 30-y Bond Auction, Bank Lending y/y, the BOJ's Summary of Opinions, and Current Account...
FxWirePro: Copper Bears Show Signs of Exhaustion Look closely at the highlighted area in the above chart, and you will find yesterday’s candle, which is a Doji, with apparently very long upper wick, which resembles closely to an inverted dragonfly or gravestone...
S&P Likely to Upgrade Indonesia's Sovereign Credit Rating The Indonesian markets are keen on a likely ratings upgrade by Standard and Poor’s after talks held with President Widodo earlier this week...
FxWirePro: Swedish Krona Gains ahead of CPI Data, Unemployment Rate Falls to 7.5 Pct EUR/SEK is currently trading around 9.2912 levels. It made intraday high at 9.3018 and low at 9.2832 levels. Intraday bias remains neutral for the moment. A sustained break above 9.2916 tests key resistances at 9...
