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GBP/NZD Forms Shooting Star in Daily Chart, Targets 2.0800 Candlestick pattern formed- Shooting Star Potential reversal Zone (PRZ) -2.1485 GBP/NZD recovered from the low of 2.1147 at the time of writing. It is currently trading around 2.1246. Short term trend is still weak as long as resistance 2...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 10:54
EUR/JPY Down but Not Out, 124.00 Still in Sight The EUR/JPY pair's reversal from two week-high gained momentum and has now dragged the pair to the mid-point of 124.00-123.00 handle...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 10:51
AUD/JPY Smashed Below 80 Amid Risk-Off AUD/JPY halted a two-day rally and dropped sharply in the European session, as negative European equities refuelled demand for the safe-haven yen. AUD/JPY washes away nearly 80 pips The AUD/JPY pair now sinks -0.87% to fresh session lows of 79...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 10:48
GBP/JPY Breaks Through 157.00 Level ahead of UK Manufacturing Data The GBP/JPY pair's reversal from 158.00 handle gained momentum, dragging the pair back below 157.00 level just ahead of the UK manufacturing and industrial production data...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 10:45
Prerequisite Reading: Gold: $1350-$1400 in Less than 4 Weeks...
Scalping
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AynGannRand, 11 May 2016, 10:45 #xauusd, gold
JPY: Intervention Threat Not a Sustainable Driver for a Weaker Currency - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the yen has strengthened in the Asian trading session partially reversing weakness from early this week...
Currency
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Roberto Jacobs, 11 May 2016, 10:42
UK Rates: The Fall and Rise of Brexit Premia - TDS Renuka Fernandez, Senior Rates Strategist at TD Securities, suggests that a couple of weeks back they noted that markets had significantly priced lower Brexit premia and saw risks of a sharp re-pricing on UK rates...
Currency
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Roberto Jacobs, 11 May 2016, 10:39
EUR/GBP Rebounds to 0.7900 Handle ahead of UK Production Data The EUR/GBP pair rebounded from 20-day SMA support near 0.7865 level and is currently trading just below 0.7900 handle ahead of UK industrial production data...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 10:36
What if #DonaldTrump becomes the U.S. president? The elections in the USA will surely be reflected in the financial markets, and that is why we are interested in this topic. Trump is the most contentious and controversial candidate. Find out more by checking out the Source Link...
Today’s Trading Idea: Gold Sell @ 1271 sl 1283 tp 1257 EurUsd sell @ 1.1385 sl 1.1435 tp 1.1315 GBPUSD sell @ 1.4445 sl 1.4485 tp 1.4385 Hello Friends...
Analytics & Forecasts
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Pankaj D Costa, 11 May 2016, 06:51
The Dollar Bottom – Goldman Sachs US Economics team of Goldman Sachs on Friday trimmed their expectations for Fed hikes, dropping the June hike for next month and removing a March hike from 2017...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 06:45 #Goldman Sachs
FxWirePro: Go Long on XAU/USD Above $1268 With Stop Loss at $1262 and Target of $1277 XAU/USD is currently trading around $1269 mark. It made intraday high at $1264 and low at $1271 levels. Intraday bias remains bullish till the time pair holds immediate support at $1262 marks...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 06:42 #xauusd
Asian Markets Trading on a Mix Note, Gold Breaks Key Resistance at $1268 Most Asian markets are trading on a higher note but on the other side, Chinese markets are trading slightly lower. Gold breaks key resistance at $1268 and trading around $1270 marks...
Market News
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Roberto Jacobs, 11 May 2016, 06:39
EURUSD Daily Forecast: May 11 2016 EURUSD Forecast The EURUSD had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 1.1275 – 1...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 06:36
GBPUSD Daily Forecast: May 11 2016 GBPUSD Forecast The GBPUSD had another indecisive movement yesterday. The bias remains bearish in nearest term testing 1.4350 – 1.4300 as a part of the bearish scenario after the false break above the daily EMA 200 as you can see on my daily chart below...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 06:34
USDJPY Daily Forecast: May 11 2016 USDJPY Forecast The USDJPY continued its bullish momentum yesterday topped at 109.34. The bias remains bullish in nearest term testing 110.00 – 110.65 area. Immediate support is seen around 108.60...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 06:32
USDCHF Daily Forecast: May 11 2016 USDCHF Forecast The USDCHF had a bullish momentum yesterday topped at 0.9762. The bias remains bullish in nearest term testing 0.9795. A clear break and daily close above that area could trigger further bullish scenario this week targeting 0.9915 or higher...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 06:30 #usdchf
AUD/USD Keeps the Red, Flirts with 100-DMA The Australian dollar keeps losses and languishes near lows versus its American counterpart in mid-Asia, with AUD/USD almost losing sight of 0.74 handle. AUD/USD rejected ahead of hourly 100-SMA at 0.7383 Currently, the AUD/USD pair drops -0.20% to 0...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 06:26
EUR/GBP: Forming a Probable H&S - SocGen Research Team at Societe Generale, suggests that the EUR/GBP embarked on a steady uptrend after testing key support at 0.70/0.68 and achieved upper bound of a multiyear descending channel at 0.81/0.8150...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 06:23
JPY: Verbal Intervention Continues, Ahead of G7 Meetings - Nomura Yujiro Goto, Research Analyst at Nomura, notes that the USD/JPY has been recovering after breaching 106 last Tuesday, without clear catalysts...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 06:20