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Fxwirepro Short Term Outlook: Gold May Test $1180 Support Over FED Hike Gold has suffered big downfall last week, making it the worst in at least two months, over hawkish statements from several FOMC policymakers and FOMC minutes that strongly indicated that June meeting is very much alive and ma...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 09:45
EUR/JPY 123.00-124.00 Trading Range Holds, Drops to the Lower End Holding its 5-day trading range, the EUR/JPY pair reversed after testing 124.00 handle on Friday and has now dropped back to the vicinity of 123.00 mark...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 09:41
FxWirePro: NZD/JPY Breaks Major Resistance at 74.45, Good to Long Dips NZD/JPY has broken above strong trendline resistance currently at 74.45, bias higher. Bullish Shark pattern evidenced on NZD/JPY dailies. Pair has edged higher from Potential Reversal Zone at 72.54...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 09:18
EUR/USD Focus Remains on the 1.1140 area – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, argued the pair’s attention remains on the 1.1140 region. Key Quotes “EUR/USD held steady on Friday following a week of relentless downside pressure”. “Our attention is on the 1...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 09:14
EUR/USD Remains Capped Below 1.1240 ahead of PMIs The EUR/USD pair is seen moving back and forth in narrow range amid a quiet session, awaiting fresh impetus from a series of services and manufacturing PMI reports to be released from the Euro area...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 09:12
USD Firm in the Near Term but Medium-Term Bearish – Unicredit Research Team at Unicredit, suggests that as the market digests the hawkish FOMC shift, the USD is likely to remain firm; but the re-adjustment of expectations towards a more normal tightening cycle is not enough to revive the “diverge...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 09:08
GBP/USD Testing Highs Near 1.4530 The sterling is now marginally up vs. the greenback, taking GBP/USD to the upper end of the range near 1.4530. GBP/USD attention to ‘Brexit’ The pair is extending last week’s gains above the 1...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 09:05
Japanese Bonds Rise Modestly on Weak Crude Oil The Japanese government bonds gained modestly on Monday on tracking weak cues emerging from crude oil futures. The yield on the benchmark 10-year bonds fell 1bp to -0.100 pct and the yield on short-term 2-year bonds also dipped 1bp to -0...
Market News
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Roberto Jacobs, 23 May 2016, 09:02
Coming up in today’s London session will be PMI data releases from throughout Europe, followed by comments from Fed’s Bullard late in the session. As always on Mondays kick start the week with my prepared currency update below...
Weekly Trends
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Sherif Hasan, 23 May 2016, 09:02
FxWirePro: Silver Falls Sharply Below $16.40, Faces Strong Support at $16.31 XAG/USD is currently trading around $16.38 marks. It made intraday high at $16.54 and low at $16.37 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at $16.41 marks...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 08:58 #silver
FxWirePro: GBP/JPY Faces Strong Support at 159, Good to Sell on Rallies Major resistance- 162.30 (21 day W MA) Major support – 157.85 (21 day MA) The pair has made a high of 161.65 on Friday and started to decline from that level. It is currently trading at 159.49...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 08:54
Gold Just Managing to Hold $1250, 50-DMA Support After sliding for three consecutive weeks, Gold now seems to have stabilized around 50-day SMA support near $1250 region...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 08:50 #gold
USD/CAD Finds Support Near 1.3100 After a brief knee-jerk to the 1.3100 handle, USD/CAD has rebounded to the current 1.3110/20 area ahead of the opening bell in the Old Continent. USD/CAD eyes on oil, Fedspeak Spot is meandering the area of recent multi-week tops above 1...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 08:48
In our last article here, we discussed the potential move that USDJPY needed to make towards new highs, especially a jump over 110 by targeting more than 110.40. Also, USDJPY broke above the bearish upper-bound that we were expecting to see in order to confirm this bullish rally off the lows...
Analytics & Forecasts
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AynGannRand, 23 May 2016, 08:47 #Trading
Daily Analysis of USDX for May 23, 2016 The index still trades sideways to higher levels, consolidating gains above the support at 95.22, where we expect to see a rebound to test the next resistance placed around 95.68 area...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 08:45
Daily Analysis of GBP/USD for May 23, 2016 It can be seen on the H1 chart that GBP/USD has been trading in corrective mode, trying to resume rally to key levels such as the H1 chart shows. That's why we would like to see some upward moves in the nearest future, at least in the coming days...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 08:42
This week we expect the revised U.S. GDP data for Q1, as well as #Fed members speeches. Today, the euro zone will release the data on business activity. Find out the key economic events of this week at the Source Link. Please note that this post was originally published on Vistabrokers.com...
EUR/JPY Rejected at 5-DMA, Drops Sharply Towards 123 The EUR/JPY cross is seen in the red ahead of the European open, with the weakness mainly attributed to broad yen strength in response to the G7 Summit held over the weekend. EUR/JPY: heading towards daily lows The EUR/JPY pair now drops -0...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 08:19
Risk-off Sentiment Drags USD/JPY Back Below 110.00 Handle The USD/JPY pair dipped back below 110.00 handle during the Asian trading session as risk-off mood griped investor sentiment, taking Japan's Nikkei lower by more than 1.4% on Monday...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 08:16
EUR/GBP Around 0.7730 ahead of PMIs EUR/GBP has started the week on a positive footing, hovering over the 0.7730 area ahead of the advanced PMI readings in Euroland. EUR/GBP bounces off 0.7650 After dropping to multi-week lows in the mid-0...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 08:12