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Technical Analysis of Silver for April 12, 2016 Technical outlook and chart setups: Silver rallied through $16.00 levels yesterday before hitting fibonacci 0.786 resistance of the drop from $16.13 through $14.80 levels, and pulling back. The metal is trading at $15...
USD/CHF Stuck in Tight Range Below 0.9550 The US dollar fights hard to regain lost footing versus its Swiss counterpart in the European morning, lifting USD/CHF from session lows on the 0.95 handle...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 09:00 #usdchf
FXWIREPRO: NZD/CAD Forms Bearish Bat Pattern, Good to Buy at Dips Harmonic Pattern Formed – Bearish Bat pattern Potential Reversal Zone (PRZ) – 0.8970 The pair has recovered after making a low of 0.8835. It is currently trading around 0.88801...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 08:58
Analysts believe that this week #EURUSD may exceed 1.1500, supported by the risk appetite. #GPBUSD showed a significant increase, in spite of the virtual absence of the fundamental reasons...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 12 April 2016, 08:45 #Trading, forex
Gold Trades Comatose, While Treasury Yields Rise Gold prices are trading largely unchanged on the day around $1257 levels amid rising treasury yields and equally comatose dollar index. Retreats from three-week high The metal backed-off from the three-week high of $1260 set yesterday...
Metals
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Roberto Jacobs, 12 April 2016, 08:41 #gold
Technical Analysis of Gold for April 12, 2016 Technical outlook and chart setups: Gold rallied and hit resistance at $1,257.00/58.00 levels yesterday before pulling back lower. The metal is trading at $1,253.00 at the moment, and is expected to drift lower at least towards $1,190.00 levels...
RBA Likely to Remain ‘On Hold’ for Now – Westpac Sean Callow, Strategist at Westpac Global Strategy Group, believes the RBA will not deliver further easing in the next months. Key Quotes “The RBA held the cash rate at 2.0% in April as expected...
Currency
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Roberto Jacobs, 12 April 2016, 08:37 #RBA
Elliott Wave Analysis of EUR/NZD for April 12 - 2016 Wave summary: We were looking for a break above resistance at 1.6830 and instead we have seen a break below support at 1.6605. This cross continues to disappoint and do whatever it can to cover up its real intentions...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 08:33
Oil Eases-Off Multi-Week Highs, WTI Near $ 40 Oil benchmarks on both sides of Atlantic paused its 2-day rally and dipped this Tuesday, as the traders turned cautious ahead of the API and EIA inventory reports...
Crude Oil
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Roberto Jacobs, 12 April 2016, 08:30
GBP/USD Strong Resistance Lies at 1.4380/1.4450 – UOB According to the research team at UOB Group, the pair faces a tough up barrier in the 1.4380/1.4450 band...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 08:28
UK CPI and Fed Speak in Focus Today – Danske Bank Research Team at Danske Bank, suggests that several Fed members are due to speak this week. Key Quotes “Today, it is time for Harker, Lacker and Williams to deliver their view on the economy...
Currency
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Roberto Jacobs, 12 April 2016, 08:26
Elliott Wave Analysis of EUR/JPY for April 12 - 2016 Wave summary: Red wave [iv] has turned into a triangle consolidation, which should be over soon for a downside thrust towards 120.98 as the next downside target in red wave [v] and red wave iii...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 08:24
AUD/USD Could Test 0.7759 – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, believes the Aussie dollar could extend the upside towards 0.7760...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 08:21
USD/JPY Finally Takes Out Hourly 50-MA Hurdle USD/JPY is trading comfortably above hourly 50-MA, which repeatedly capped recovery in the pair since last week. Technical recovery gathers pace The spot now trades around 108.30 levels, which is well above the hourly 50-MA level of 108.18...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 08:19
USD/CAD Finds Bids Above 1.2900 The greenback is now trading on a firmer note vs. its Canadian peer on Tuesday, taking USD/CAD back above the 1.2900 barrier...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 08:17
FXWIREPRO: NZD/JPY Breaks Strong Trendline Resistance at 74.10, Targets 75 NZD/JPY has broken above strong trendline resistance at 74.10 and is currently trading around 74.50 levels. The pair is extending upside for the 3rd consecutive session after hitting fresh 8-month lows at 72...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 08:15
Guide to Today's Important Data and Events Lots of economic dockets scheduled for today and some with high risk associated. Data released so far – Australia – National Australia Bank’s business confidence improved to 6 from 3, while business conditions improved to 12 compared to 8. Upcoming –...
Market News
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Roberto Jacobs, 12 April 2016, 08:13
FXWIREPRO: AUD/JPY Trend Analysis - Encourage Intraday Bulls, Short Term Speculators and Long Term Bears to Prolong Please be noted that we were bearish bias and accordingly we suggested shorts in this pair. Refer below link for further readings on our earlier post on this pair: http://www...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 08:09
FXWIREPRO: USD/ZAR Remains supported Just Above 14.64, a Break Below Targets 14.26 USD/ZAR Pair is currently trading at 14.70 marks. It made intraday high at 14.75 and low at 14.68 levels. Intraday bias remains neutral till the time pair holds key support level at 14.64 levels...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 08:06
Technical Analysis of EUR/USD for April 12, 2016 When the European market opens, some economic news will be released such as the German WPI m/m, German Final CPI m/m. The US will release economic data too such as the Federal Budget Balance, Import Prices m/m, NFIB Small Business Index...