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USD/CAD Off-Highs, Around 1.3060 Ahead of Canadian GDP The US dollar keeps the upper edge against its Canadian counterpart for the third straight session, now pushing USD/CAD back towards 1.3050 level. USD/CAD trades below 10-DMA at 1.3068 Currently, the USD/CAD pair jumps +0.11% to 1...
Analytics & Forecasts
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Roberto Jacobs, 31 May 2016, 10:47
Japanese Stocks Closed Purely Green European shares posted major gains European stocks rallied on Friday in vigorous volumes, extending their new-year gains amid expectations of a pick of a rate hike from the US Federal Reserve at either its June or July meeting...
Analytics & Forecasts
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Roberto Jacobs, 31 May 2016, 10:45
Euro Breaks Through Trend Line Yesterday's Trading: On Monday the euro/dollar spent the evening in a sideways after reaching 1.1144. This was due to low activity due to it being a day off in the US...
Analytics & Forecasts
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Roberto Jacobs, 31 May 2016, 10:42
USD: Currency Index & Volatility Relative Currency Strength The British pound retained the leading position for the second week in a row. Nevertheless, the gap between the pound and its peers has narrowed, and GBP Index showed only a 1.38% gain...
Analytics & Forecasts
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Roberto Jacobs, 31 May 2016, 10:39
Daily Forex Fundamental Overview Fundamental Analysis EUR "We have shown in the past that we can be very creative within our mandate. When people ask: "Are you ready for a new shock?", I always answer: trust us, we always find the means within the scope of our mandate". - Peter Praet, ECB...
Analytics & Forecasts
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Roberto Jacobs, 31 May 2016, 10:35
Oil Stuck Below $50.00 Ahead of This Week's OPEC Meeting WTI crude oil futures remained stuck below $50.00 psychological mark, within a narrow trading band, as investors look ahead to this week's major event, OPEC biannual meeting on June 2. At the time of writing, oil was trading down by 0...
Analytics & Forecasts
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Roberto Jacobs, 31 May 2016, 10:31
USD/JPY Corrects Lower to Sub-111.00 Levels The greenback is now receding further vs. the Japanese currency, sending USD/JPY to test the area below the 111.00 handle. USD/JPY looks to US docket The pair’s upside momentum has once again failed ahead of the 111...
Analytics & Forecasts
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Roberto Jacobs, 31 May 2016, 10:29
CAD: Setting Up for Real GDP – TDS Research Team at TDS, suggests that despite cooling over the course of the quarter, the Canadian economy is forecast to have grown by an annualized rate of 2.7% in Q1...
Analytics & Forecasts
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Roberto Jacobs, 31 May 2016, 10:00
Elliott Wave Analysis of EUR/NZD for May 31 - 2016 Wave summary: We continue to look for a rally above minor resistance at 1.6715 to accelerate prices higher towards resistance at 1.6931 and 1.7220 on the way higher to the long-term target at 1.8420. In the short term, support is seen at 1...
Analytics & Forecasts
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Roberto Jacobs, 31 May 2016, 09:56
Elliott Wave Analysis of EUR/JPY for May 31 - 2016 Wave summary: We continue to look for more upside progress after a minor consolidation between 123.50 and 124.15 with the next minor upside target to look for seen at 124.65, and above here the important short-term resistance at 126...
Analytics & Forecasts
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Roberto Jacobs, 31 May 2016, 09:54
EUR/GBP Recovers to 0.7600 Handle Ahead of EU CPI After an initial downward spike to 0.7572 on the back of latest 'Brexit' poll results, the EUR/GBP pair has managed to stage a minor recovery and turn flat to currently trade just above 0.7600 handle...
Analytics & Forecasts
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Roberto Jacobs, 31 May 2016, 09:50
Daily Analysis of USDX for May 31, 2016 USDX pulled back at the start of the week, looking to correct the recent upside moves, and now we could expect another decline toward the 200 SMA price zone, which is very close to the support level of 95.22...
Analytics & Forecasts
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Roberto Jacobs, 31 May 2016, 09:48
Daily Analysis of GBP/USD for May 31, 2016 As we expected, GBP/USD is doing a rebound above the 200 SMA on the H1 chart, in an effort to resume the bullish bias toward new highs on a short-term basis. The next resistance is still placed at the 1...
Analytics & Forecasts
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Roberto Jacobs, 31 May 2016, 09:45
Daily Technical & Trading Outlook - EUR/USD DAILY EUR/USD TECHNICAL OUTLOOK Last Update At 31 May 2016 00:34GMT Trend Daily Chart Down...
Analytics & Forecasts
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Roberto Jacobs, 31 May 2016, 09:36
2 Rules to Conquer Trading Key rules to trading...
Trading Strategies
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Roberto Jacobs, 31 May 2016, 09:32
USD/JPY Flat at 111.15, Eyeing US Economic Data for Fresh Triggers The USD/JPY pair found fresh buyers at Asian session through level of 110.80, boosting the pair to 111.35 before retracing back to currently trade near 111.20, nearly unchanged from Monday's closing level...
Analytics & Forecasts
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Roberto Jacobs, 31 May 2016, 09:29
USD/JPY and EUR/JPY Inched Higher Following the Delay of Sales Tax Hike Until October 2019 Market Movers The financial markets are closely scrutinising US economic releases to assess the strength of the US economy after being caught on the wrong foot with regard to the next Fed hike...
Analytics & Forecasts
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Roberto Jacobs, 31 May 2016, 09:22
EUR/USD Drops to Lows Near 1.1120, EMU CPI Eyed The shared currency is losing the grip early in Europe today, sending EUR/USD to test daily lows in the 1.1130 area. EUR/USD attention to German, EMU data Spot is giving away part of yesterday’s gains, keeping the trade in the low-1...
Analytics & Forecasts
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Roberto Jacobs, 31 May 2016, 09:18
GBP/USD Bullish, 1.5085 on the Cards? – Commerzbank Technicals are suggesting the probability of a visit to the 1.5080 area, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “GBP/USD is once again approaching 1...
Analytics & Forecasts
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Roberto Jacobs, 31 May 2016, 09:16
FxWirePro: Aussie Gains Against Major Peers on Robust Housing, Private Sector Credit AUD/NZD is trading around 1.0760 marks. Pair made intraday high at 1.0764 and low at 1.0697 marks. Today Australia released building approval data with positive numbers at 3.0% m/m vs 2.9% m/m previous release...
Analytics & Forecasts
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Roberto Jacobs, 31 May 2016, 06:21