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Technical Analysis of EUR/JPY for May 06, 2016 Technical outlook and chart setups: The EUR/JPY pair has dropped a bit lower from yesterday's range and is now trading at 122.20 levels. Please note that the pair remains bullish in the short term and the probability is towards 124...
Elliott Wave Analysis of EUR/NZD for May 6 - 2016 Wave summary: EUR/NZD is still trying every dirty trick in the playbook to wipe us out. With a quick and deeper than expected correction to 1.6479, the next strong rally should now be expected for a break above minor resistance at 1...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 10:24
Elliott Wave Analysis of EUR/JPY for May 6 - 2016 Wave summary: This cross is doing nothing at the moment. Is a bottom building? Or is it just at consolidation before more downside pressure is seen? The failure to rally will normally have us call for more downside towards 117...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 10:22
Technical Analysis of GBP/CHF for May 06, 2016 Technical outlook and chart setups: The GBP/CHF pair is seen to be trading at 1.4040 levels at this moment, looking to continue rallying towards 1.4709 levels going forward...
AUD/JPY Slammed Below 79.00 Level The Australian Dollar fell across the board after the release of RBA Quarterly Statement on Monetary Policy that showed central bank's readiness to cut interest rates further. Immediately after the release, the AUD/JPY pair dropped to its lowest level since Feb...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 10:17
GBP/USD Trims Losses, Eyes 1.4500 The now softer tone in the greenback has helped GBP/USD to erode initial losses and trade closer to the 1.4500 barrier. GBP/USD focus on Payrolls Spot has recovered the smile after bottoming out in the mid-1...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 10:15
Daily Analysis of Major Pairs for May 6, 2016 EUR/USD: After testing the resistance line at 1.1600, the EUR/USD has gone down by almost 190 pips. This has become a threat to the recent bullish bias in the market, and a movement below the support line at 1...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 10:07
Daily Analysis of USDX for May 06, 2016 On the H1 chart, USDX continues to recover above the 200 SMA, and it could pull back from the resistance zone of 93.80 in order to resume the overall bearish bias. However, that scenario could change when a breakout happens above the 94...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 10:02
Daily Analysis of GBP/USD for May 06, 2016 The current structure of the Cable is calling for a bearish continuation below the 200 SMA, and the H1 chart is showing us that the level of 1.4430 could provide a strong support on a short-term basis...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 09:59
US April’s Payrolls Seen at 200K - Rabobank Piotr Matys, EM FX Strategist at Rabobank, suggests that today it is all about the US non-farm payrolls...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 09:57
US NFP: Disappointment May Lead to Adverse Reaction in the USD - TDS Research Team at TDS, suggests that some of the price action in the USD this week partly reflects the optimism expected in headline payrolls and positive calendar effects associated with hourly wages...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 09:53
Risk-off Sentiment Drags USD/JPY Back Below 107.00 Level The USD/JPY pair's early Asian session bump to 107.42 found fresh offers, dragging the pair back below 107.00 handle to currently trade near session low near 106.90. The pair got rejected from weekly high level of 107...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 09:50
EUR/USD Upside Capped in the Medium-Term – Danske Bank Senior Analyst at Danske Bank Pernille Henneberg sees gains in the pair could be limited in the medium-term horizon. Key Quotes “EUR/USD continues slowly lower. EUR/USD is back around 1.14 after touching above 1.16 earlier this week...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 09:22
Downside Risk for US Labour Market Report – Danske Bank Research Team at Danske Bank, suggests that today focus is on the US labour market report for April...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 09:20
Moody’s: Brexit 'May Trigger the Collapse of Fragile EU' In a report published late-Thursday, credit ratings agency Moody’s warned that Brexit could lead to the collapse of the European Union (EU...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 09:16
EUR/USD Clinches Highs Near 1.1420 The shared currency is seeing its buying interest accelerated early in Europe on Friday, pushing EUR/USD to daily highs near 1.1420...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 09:14
FxWirePro Short Term Outlook: Break of 1.05 Likely to Lead Aussie to Parity Against Kiwi Reserve Bank of Australia, in its detailed monetary policy statement released today, has reduced its inflation forecast ahead and signaled more aggressive monetary stimulus...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 09:11
FxWirePro: EUR/AUD Major Resistance 1.5440, Good to Buy Breakout Above Dovish RBA SoMP weighed on the Aussie, pushing EUR/AUD higher. The pair broke above daily cloud and is testing major resistance at 1.5440...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 09:08
Japanese Bonds Rise Modestly in Thin Trade The Japanese government bonds were trading modestly firmer on Friday, succumbing to thin trading activity as Japanese markets opens for first time since Monday after long vacation...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 09:04
EUR/GBP Rebound Gains Momentum, Eyeing 0.7900 Level The EUR/GBP pair bounced-off session low of 0.7865 and rose to a session high of 0.7890 as the shared currency finds some buying interest during early European trading, ahead of the keenly watched NFP data...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 09:00