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USDCHF: Vulnerable, Targets Further Weakness USDCHF: Having the pair declined further on Tuesday, it looks to extend that weakness in the days ahead which is already underway. On the downside, support lies at the 0.9650 level. A turn below here will open the door for more weakness towards the 0...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 12:08 #usdchf
Channel Down identified at 07-Jun-08:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.893 within the next 3 days. Resistance Levels : ( B ) 1.8929Last resistance turning point of Channel Down. Support Levels ( A ) 1...
Charts
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Lahcene Ouled Moussa, 8 June 2016, 12:07
Crude Oil Target 3 Hit with Chinese Oil Imports Up 38% Crude Oil, daily Crude oil price is at the time of writing trading higher with support given to it by the hefty increase in Chinese import numbers, low US oil inventories and fears that Nigerian oil production might attract new attacks from t...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 12:06 #crude oil
GBP/USD: Off-Highs, Consolidates Around 20-DMA The GBP/USD pair reversed entire upward rally triggered by surprisingly positive UK industrial production data and reverted to the negative territory amid persistent risk-off market profile, reflected by lower UK gilt yields. GBP/USD rejected at 1...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 12:02
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, June 8th GBP/USD seems to be cooled off after yesterdays volatile session. Despite improving risky sentiments, the pair is keeping its bullish mood, as dollar is still weak across the board...
Analytics & Forecasts
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EEAnalytics, 8 June 2016, 12:01
EUR/USD Parked Around 1.1370, Bunds, Oil Eyed EUR/USD is now attempting a consolidative pattern around 1.1370, all within a narrow range between 1.1350 and 1.1380. EUR/USD looks to German FI The pair is recovering from the earlier knee-jerk to the mid-1...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 12:00
European Stocks Back in the Red as Global Growth Woes Resurface The European stocks snapped the previous rebound and fell into losses this Wednesday as worries over Brexit aggravated, while global growth concerns returned to markets and dampened the investors’ sentiments...
Market News
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Roberto Jacobs, 8 June 2016, 11:57
GBP/USD Still Neutral Short-Term – UOB The research team at UOB Group sees unchanged the neutral outlook on GBP/USD for the next 1-3 weeks. Key Quotes “GBP inexplicably surged to a high of 1.4664 before reversing as quickly back to a low of 1.4494...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 11:55
USD/CAD Extends Downslide to a Fresh 5-Week Low As WTI crude oil prices are sustaining strength above $50.00/barrel psychological mark, the USD/CAD pair extended its slide for fourth consecutive day to currently trade at a fresh 5-week low level of 1.2715...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 11:53
EUR/USD Could Test 1.16 Near-Term – Westpac In view of strategists at Westpac, the pair could re-visit the area of 1.1600 in the next sessions...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 11:50
Rallies in EUR/USD Could Falter Around 1.1465/95 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s upside could find strong resistance in the 1.1465/95 band. Key Quotes “EUR/USD is approaching initial resistance at 1.1415/20, the 61...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 10:59
Investors Still Protecting Themselves from Potential Brexit Paul Hollingsworth, UK Economist at Capital Economics, on ‘Brexit' and GBP According to the latest polls conducted across the UK, the ‘Remain' campaign continues to strengthen its position among voters ahead of the June 23 referendum...
Market News
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Roberto Jacobs, 8 June 2016, 10:56
GBP/USD Clinches Highs Post-Data The British pound has recovered the smile today, now pushing GBP/USD to fresh tops in the vicinity of 1.4580. GBP/USD boosted by UK releases The pair managed to advance to session peaks in the 1.4580 area after UK’s Industrial Production expanded 2...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 10:51
GBP/JPY Recovers to 156.00 on Upbeat UK Manufacturing Data After witnessing a volatile session on Tuesday, the GBP/JPY cross turned lower on Wednesday before recovering sharply to 156.00 level on upbeat UK manufacturing data. Earlier during the day, the cross dropped close to 155...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 10:48
FxWirePro: BTC/USD Struggles to Break Above $600, Good to Sell on Rallies Chart pattern formed - Double top BTC/USD has formed a double top around $600 and slightly declining from that level. It is currently trading around $575...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 10:42
FxWirePro: AUD/CAD Finds Stiff Resistance at 0.9542, Good to Sell Rallies AUD/CAD is extending downside from 1-month highs of 0.9545 hit on Tuesday. Intraday bias for the pair is lower, pair finds immediate support at 0.9455 (trendline), then 0.9446 (10-DMA). Major resistance is seen at 0...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 10:39
Daily Technical & Trading Outlook USD/CHF Trend Daily Chart Up Daily Indicators Turning down...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 10:36 #usdchf
EUR/USD Steadies Around 1.1370 as German Yields Drop to Record Lows Little action is seen in the EUR/USD pair in the European session this Wednesday, as the EUR markets have turned cautious amid ECB’s corporate bond purchases and looming Brexit concerns...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 10:32
EUR/GBP Tests Highs Near 0.7840 A bout of selling pressure saw EUR/GBP briefly testing daily highs in the 0.7840 area before deflating a tad to the current 0.7825/20 band. EUR/GBP focus on UK data The European cross is reverting part of Tuesday’s drop to the mid-0...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 10:29
GBP/USD Tracks UK Yields Lower, 1.4500 Tested ahead of UK IP The GBP/USD pair failed to keep gains and dropped sharply to 1.45 handle, mainly driven by fresh selling in the UK yields on increased uncertainty surrounding the EU referendum. GBP/USD fresh bids emerge at 1...
Analytics & Forecasts
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Roberto Jacobs, 8 June 2016, 10:27