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Oil Rallies After EIA Reports Drop in US Stockpiles Oil prices turned higher and spiked to fresh highs near $46.00 a barrel, after the US Energy Information Administration (EIA) reported crude oil inventories unexpectedly dropped last week...
Crude Oil
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Roberto Jacobs, 11 May 2016, 17:15
USD/JPY Hits Fresh Daily Lows as Sentiment Deteriorates USD/JPY fell briefly below 108.50 and posted fresh daily lows as the dollar weakened across the board while the yen benefitted from worsened market sentiment. USD/JPY bottomed out at 108...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 17:12
US Stocks Open Lower on Disappointing Earnings and Drop in Crude Oil Prices Major US equity indices opened lower on Wednesday as disappointing earnings and a minor weakness in crude oil prices weighed on investor sentiment...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 16:28
In 1870, John D. Rockefeller founded the Standard Oil Company that became the largest monopoly in the petroleum industry. After 135 years, in the fall of 2014, Rockefeller’s heirs called off their investments in fossil fuels...
Analytics & Forecasts
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Sergey Ershov, 11 May 2016, 16:10
U.S. Government Bonds Flat ahead of 30-Year Auction The U.S. Treasuries were left relatively unchanged on Wednesday during a quiet session that saw few economic releases of note. The yield on the benchmark 10-year bonds held unchanged on the session, staying near to 1...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 16:01
EUR/USD Stretches to Fresh Highs as Dollar Pulls Back EUR/USD rose through the 1.14 mark and stretched to fresh 5-day highs at the beginning of the American session, with the move mostly driven by USD profit taking. EUR/USD climbed to its highest level since last Friday at 1...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 15:59
EUR/GBP Scales Through 0.7900 Handle, Eyeing 0.7925 Resistance The EUR/GBP pair maintained its bid tone on disappointment from UK industrial production data and has now moved past 0.7900 handle to currently trade near day's peak at 0.7907...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 15:55
GBP/USD Continues to Struggle at Ascending Trend-Channel Resistance The GBP/USD pair's recovery from day's through level of 1.4394 gained momentum but failed to lift the pair beyond a short-term ascending trend-channel resistance, near day's peak level of 1.4467...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 15:53
AUD/USD Bounces Off 100-Day SMA, Revisits Daily Highs AUD/USD advanced to retest daily highs at the beginning of the New York session in a bout of dollar selling, with nothing behind the move other than profit taking...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 15:51
Analysis : Channel Up identified at 11-May-04:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 106.42 within the next 2 days. Supporting Indicators : RSI above 60 Resistance Levels...
Charts
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Lahcene Ouled Moussa, 11 May 2016, 15:48
UK: Weaker Growth - Rabobank Jane Foley, Research Analyst at Rabobank, suggests that the UK economy has collected a hefty helping of nasty headlines this week...
Market News
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Roberto Jacobs, 11 May 2016, 15:03
EUR/JPY Turns Flat, Reclaims 124.00 Level The EUR/JPY pair witnessed a sharp up-move in the last hour, lifting the pair back above 124.00 handle to currently trade at 124.20, nearly unchanged from yesterday's close. Earlier on Wednesday, the pair dropped to 123...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 15:01
Gold Climbs Above $1275, Benefiting from USD Weakness A fresh bout of weakness across global financial markets is assisting Gold recovery for second day running, lifting the metal back above $1275 level...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 14:58 #gold
EUR/USD Attempts to Consolidate Above 1.1400 EUR/USD is staging a mild recovery on Wednesday, having reversed completely previous day’s losses, amid a weaker greenback across the board...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 14:56
Technical Analysis of AUD/JPY for May 11, 2016 AUD/JPY formed a massive support area around 79.80, while on the top there is strong resistance around 86.00 and AUD/JPY is clearly ranging between these levels...
Technical Analysis of EUR/JPY for May 11, 2016 Technical outlook and chart setups: The EUR/JPY pair has almost touched expected resistance at 124.50 levels yesterday before reversing lower. The pair is seen to be trading at 124.10 levels for now, looking to resume lower from here...
Technical Analysis of GBP/CHF for May 11, 2016 Technical outlook and chart setups: The GBP/CHF pair is seen to be trading at 1.4040 levels at the moment, after facing resistance at 1.4100 levels in early trades today. The pair looks to resume its downtrend as expected and discussed earlier...
Technical Analysis of Silver for May 11, 2016 Silver is trading at $17.50 levels at this moment after bouncing off $16.88 levels yesterday. The metal might be looking to retrace lower towards $17.00 levels from here, before resuming rally...
Technical Analysis of Gold for May 11, 2016 Technical outlook and chart setups: Gold is seen to be trading at $1,277.00 levels at this moment, after having bounced off a major support at $1,256.00 levels yesterday. The wave which began from $1,256...
Technical Analysis of USD/JPY for May 11, 2016 USD/JPY is expected to trade in a higher range as the pair is bullish above 108.20. Overnight U.S. stock indexes rose over 1% posting their biggest gains in two months...