Technical Analysis of NZD/USD for May 11, 2016 NZD/USD is turning up and expected to trade in a bullish bias. The pair is likely to post further rebound. At the same time, the 20-period moving average has crossed above the 50-period one, calling for further upside as well. As long as 0...
Technical Analysis of GBP/JPY for May 11, 2016 GBP/JPY is expected to post further gains. The pair has been supported by its rising 20-period and 50-period moving averages and is looking for a higher top. Meanwhile, the relative strength index still stays above 50. As long as 123...
US: Evidence for a June Hike Now Lacking - HSBC Research Team at HSBC, recently cut their forecast for US 2016 average growth to 1.8% from 2.0% on the back of the impact of disappointing global growth, financial market turmoil, and continued weakness in the oil and commodity sectors...
Goldman Sachs Revises Its $1000/troy Ounce Gold Call Goldman Sachs’ $1000/troy ounce Gold call, in a year time, given few months back, hasn’t proved so well so far. Despite recent drop in gold prices, yellow metal is still up around 20% this year so far. Goldman cited extra-dovish attitude from U...
Trading the BoE Inflation Report - TDS Research Team at TDS, suggests that a 9-0 vote seems the safe thing to do for BoE in its forthcoming meet with the EU Referendum just 43 days away. Key Quotes “But two MPC members have said a deterioration in the data might push them to vote for a cut...
FxWirePro: CHF/JPY Faces Strong Resistance at 112.50, Good to Sell on Rallies Major Resistance- 112.50 (21 day MA) The pair has made a high of 112.50 and declined from that level. It is currently trading around 111.54. Short term trend is bearish as long as resistance 112.50 (21 day MA) holds...
GBP/USD Attempting to Extend its Recovery Above 1.4400 Level The GBP/USD pair reversed from session high of 1.4467 and dropped to 1.4394 on weak production data, before recovering back to currently trade at 1.4430 level...
JPY: Recovering From Two-Day Two Percent Decline - BBH Research Team at BBH, notes that the Japanese yen is recovering from two-day two percent decline as the yen is the strongest of the majors today, rising about 0.6...
USD/JPY: Bears Take a Breather, Selling Stalls Near 108.50 The bears took a breather from the ongoing downward spiral, allowing a minor recovery in USD/JPY from session lows just near the mid-point of 108 handle. USD/JPY re-attempts 109 handle...
Chart:https://bi0l.blogspot.com/2016/05/xauusd-intraday-forecast-technical-side_11.html Calculated level for today: Support (S1 / S2 / S3 = 1259,035 / 1256,02 / 1251,13), resistance (R1 / R2 / R3 = 1268,80 / 1271,81 / 1276,69). Key level (1st from 1274.14 to 1262...
Chart:https://bi0l.blogspot.com/2016/05/brent-intraday-forecast-technical-side_11.html Last day of shopping alternatives under specified objectives. Calculated level for today: Support (S1 / S2 / S3 = 44,17 / 43,58 / 42,69), resistance (R1 / R2 / R3 = 45,90 / 46,45 / 47,33...
Global Sentiment Improves, Pound Steadies - Investec Research Team at Investec, suggests that after a sustained period of risk aversion in financial markets it was a sigh of relief to see 'risky assets' perform better yesterday...
Elliott Wave Analysis of EUR/NZD for May 11, 2016 Wave summary: Support at 1.6610 should ideally be able to protect the downside for the next rally closer to 1.7273 and higher. A break below 1.6610 will be of concern and question the rally from the 1.6063 low. A break below 1...
Elliott Wave Analysis of EUR/JPY for May 11, 2016 Wave summary: The big question here is whether we only have seen red wave [iii] at 124.45 and red wave [iv] to maximum 123.24 now is unfolding or whether we already have seen the top of wave [i] at 124.45...
Technical Analysis of EUR/USD for May 11, 2016 When the European market opens, no economic news will be released from the euro zone today. However, the US will release several economic reports such as Federal Budget Balance, 10-y Bond Auction, and Crude Oil Inventories...
Technical Analysis of USD/JPY for May 11, 2016 In Asia, Japan will release the leading indicators. The US will release some economic data such as Federal Budget Balance, 10-y Bond Auction, and Crude Oil Inventories...
GBP: Brexit Risk Continues to Cloud Outlook for BoE Policy - MUFG Lee Hardman, Currency Analyst at MUFG, suggests that the main event for the pound this week will be the latest update from the BoE tomorrow on their outlook for monetary policy...
Nothing Has Changed to Expect Changes in BOE Monetary Policy - Hedge Weaker Sterling Again In UK, the central bank maintained an unchanged interest rate at 0.50% in previous monetary policy, all MPC members unanimously voted for this decision...
FxWirePro: DAX Faces Resistance at 21 Day MA, Good to Sell on Rallies Major resistance- 10125 (21 day MA) Major support – 9950 (55 day EMA) DAX has made a high of 10110 yesterday and declined till 9970 at the time of writing. It is currently trading around 9985...
