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Oil higher but FTSE static By Brenda Kelly The oil market has very swiftly made an about-move in recent days...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 11:34
EUR/USD Forecast: Bouncing, but Downward Risk Prevails The EUR/USD pair has bounced modestly from the 1.1285 low posted last Friday, so far struggling to overcome the 23.6% retracement of the latest daily decline between 1.1446 and the mentioned low around 1.1320...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 11:30
EUR/GBP Climbs to Session High of 0.7890, Remains Trapped in a Range The EUR/GBP pair has been steadily inching higher and as the London trading session gets underway has now moved to session peak level of 0.7890...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 11:27
Gold Firmer, $ 1300 Back on Sight ahead of US CPI, Fed Minutes Gold kicked-off the week on a brighter note and now extends gains for the second straight day this Monday, on the back of poor China dataflow and a broadly weaker US dollar...
Metals
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Roberto Jacobs, 16 May 2016, 11:24 #gold
EUR/USD Climbs to Session High of 1.1325 Amid Thin Liquidity On the first day of a fresh trading week, the EUR/USD pair is witnessing a quiet and steady session amid low liquidity conditions on the back of bank holiday in France and Germany in observance of Whit Monday...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 11:21
FxWirePro: Gold Breaks Key Resistance at $1282, Intraday Bias Remains Bullish - We Prefer Take Long Position XAU/USD is currently trading around $1281mark. It made intraday high at $1283 and low at $1270 levels...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 11:18
GBP/USD Breaks Major Support at 1.43650, Decline Till 1.4240 Is Possible Major support – 1.4367 (200 day 4H MA) Major resistance – 1.4450 (55 day 4 H EMA) Cable has broken major support 1.4367 and declined till 1.4342. It is currently trading around 1.4354. On the lower side any break below 1...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 11:15
Analysis : Rising Wedge has broken through the support line at 13-May-20:00 2016 GMT. Possible bearish price movement forecast for the next 2 days towards 108.049. Supporting Indicators : RSI above 60 Resistance Levels...
Charts
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Lahcene Ouled Moussa, 16 May 2016, 11:12
It was a rebound of #Gold from the support line of the current rising price channel upwards. It is recommended to buy at current levels while the "safe haven" is supported with a worsening of sentiment in the global stock markets. Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 16 May 2016, 11:09 #Trading
Bears in #EURUSD took a timeout, however, the movement may continue at any time. Today speculators may have a significant impact on the pair. It is recommended to stay out of the market. Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 16 May 2016, 11:04 #Trading
FxWirePro: EUR/USD Faces Strong Support at 1.1250, Good to Buy at Dips Major support – 1.1250 (trend line joining 1.11527 and 1.12150) The pair has taken support near 55 day EMA and jumped till 1.13252 at the time of writing. It is currently trading around 1.13225...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 10:18
FxWirePro: NZDJPY Faces Stiff Resistance at 73.80, Good to Buy Breakout Above NZD/JPY extending upside after slight gap down open on the day following poor Chinese data over the weekend. The pair has broken trendline resistance at 73...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 10:16
FxWirePro: AUD/CAD Holds Above 78.6% Fib, Focus on RBA Minutes AUD/CAD has bounced off strong support by 78.6% Fib level at 0.9368. Daily charts show hanging man formation on Friday's trade, which supports upside. The pair has hit session highs at 0...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 10:12
FxWirePro: Euro Strengthens Against Swedish Krona, Intraday Bias Remains Bullish EUR/SEK is currently trading around 9.3305 levels. It made intraday high at 9.3316 and low at 9.3045 levels. Intraday bias remains bullish for the moment. A sustained break above 9.33 tests key resistances at 9...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 10:09
Technical Analysis of USD/JPY for May 16, 2016 USD/JPY is expected to trade with a bullish bias. Last Friday, US stock indices posted another losing session despite encouraging retail sales data (+1.3% month-on-month in April vs +0.8% expected and -0.3% in March...
Technical Analysis of USD/CHF for May 16, 2016 USD/CHF is expected to post some further gains. The pair bounced off its key support at 0.9700 and is likely to challenge its nearest resistance at 0.9795...
Traders wanting to know what November’s U.S. presidential election will mean for the dollar need look no further than the U.K. The pound plunged to a seven-year low and volatility soared, exceeding all other Group-of-10 nations, on risks created by a referendum on European Union membership...
Currency
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Francis Dogbe, 16 May 2016, 10:01
Technical Analysis of NZD/USD for May 16, 2016 NZD/USD is expected to trade in a lower range and is currently under pressure. The pair remains on the downside, capped by its falling 20-period and 50-period moving averages. The relative strength index is bearish below its declining trendline...
Technical Analysis of GBP/JPY for May 16, 2016 GBP/JPY is under pressure. The pair is accelerating on the downside after breaking below 157.15, which should now play a key resistance role. Meanwhile both 20-period and 50-period moving averages are descending and maintain a bearish bias...
Technical analysis of Silver for May 16, 2016 Technical outlook and chart setups: Silver dropped lower to $16.80 levels on Friday before pulling back. The metal is trading higher at $17.30 levels at this moment, expected to face resistance at $17.50 levels. Please note that $17...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 09:53