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GBPUSD Daily Forecast: May 02 2016 GBPUSD Forecast The GBPUSD continued its bullish momentum last week topped at 1.4670. The bias is bullish in nearest term but as you can see on my daily chart below, we have a Doji after price touched 1.4670 resistance suggests a potential bearish pullback...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 06:32
RBA Preview: Not So Rosy - ING Research Team at ING, suggests that the dismal 1Q16 CPI data is a game-changer for AUD as we near the RBA rate decision. Key Quotes The Australian economy looks in decent shape right now. While we think there may be some downside risks to 2016 GDP growth (ING: 2...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 06:28
USDJPY Daily Forecast: May 02 2016 USDJPY Forecast The USDJPY had a strong bearish momentum last week, broke below 107.60 key support after BOJ decision to hold monetary policy and closed at 106.29. The bias is bearish in nearest term testing 105.00 area. Immediate resistance is seen around 107...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 06:17
USDCHF Daily Forecast: May 02 2016 USDCHF Forecast The USDCHF had a bearish momentum last week, broke below the bullish channel and 0.9715 support area as you can see on my daily chart below, bottomed at 0.9569. The bias is bearish in nearest term testing 0.9470...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 06:15 #usdchf
FxWirePro: USD/SGD Hovers Around Key Support at 1.3420, Intraday Bias Remains Neutral USD/SGD is currently trading around 1.3432 marks It made intraday high at 1.3455 and low at 1.3424 levels. Intraday bias remains neutral till the time pair holds initial support at 1.3420 levels...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 06:11
FxWirePro: ASX200 Faces Strong Support at 200 Day MA, Good to Buy at Dips Major resistance - 5300 Major Support - 5140 (200 day MA) ASX200 has recovered after making a low of 5179 at the time of writing. It is currently trading at 5216...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 06:09
USD/JPY Bulls Fighting for Control, 107 Back on Sight? The recovery in the Japanese equities offers a fresh boost to the USD/JPY pair, now pushing the prices back towards daily highs near 106.70 region...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 06:02
US Economy: Fogginess Continues - ANZ According to ANZ Research Team, the health of the US economy remains unclear, noting that it would take quite strong results in upcoming economic data for the market to get excited about the possibility of a June rate hike...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 05:55
EUR/USD Eases-Off Fresh 2016 Highs, Focus on PMIs, Draghi The risk conditions improved over the last hours and weighed somewhat on the safe-haven euro, dragging EUR/USD lower from fresh multi-month tops. EUR/USD supported at daily pivot (1.1460) Currently, EUR/USD trades +0.10% higher at 1...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 05:47
FxWirePro: Nikkei225 Recovers After Making a Low of 15837, Good to Sell on Rallies Major resistance - 16600 Major support - 15800 Nikkei index slightly recovered after making a low of 15837.It is currently trading around 16072. Short term trend is bearish as long as resistance 16600 holds...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 05:43
FxWirePro: South Korean Won Gains on the Back of Higher Than expected Manufacturing PMI Data USD/KRW is currently trading around 1140 levels. It made intraday high at 1146 and low at 1140 levels. Today South Korea released manufacturing PMI data with positive numbers at 50.0 m/m vs 49...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 05:42
Japan drags Asian Markets in the Red, Stronger Yen weighs The risk-off moods hit the Asian markets at the start of a brand new week, with most major Asian indices witnessing bearish opening, particularly the Nikkei 225 index...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 05:04
APAC Currency Corner – RBA's Turn AUD We have a huge week ahead in Australia, highlighted by Tuesday’s RBA policy review and Federal Budget IN the wake of last week’s tepid inflation report, Traders have been increasingly pricing in the probability of an RBA rate cut, which now stands at 58 perce...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 04:59
AUD/USD Reclaims 5-DMA Amid Stabilizing Equities The AUD/USD pair quickly reversed a brief dip below 0.76 handle and climbed back higher in the Asian traders, as risk sentiment appears to get better amid holiday-thinned trading. AUD/USD eases-off daily highs Currently, the AUD/USD pair advances 0...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 04:48
USD/JPY Testing Key Supporting Fibo Area - Commerzbank Axel Rudolph, analyst at Commerzbank noted USD/JPY's drop through 106.63 38.2% Fibonacci retracement of the move up from 2012 and trajectory towards the 200 month and week moving averages at 105.86/23...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 04:45
Iron Ore a Fade and a Seasonal Uplift in Aud? - ING Analysts at ING Bank explained that iron ore dynamics point to seasonal AUD uplift, fade this effect...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 04:41
AUD/JPY Targeting S1 at 79.71 AUD/JPY was carving a bullish tone out for itself at the start of the week, recovering from the 80.63 lows. AUD/JPY reached a high of 81...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 04:38
FxWirePro: Go Long on AUD/NZD at 1.0860 With Stop Loss at 1.0844 and Target of 1.0976 AUD/NZD is trading around 1.0865 marks. Pair made intraday high at 1.0898 and low at 1.0844 marks...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 04:37
FxWirePro: Japanese Yen Hits Fresh 18-month High Against US Dollar in Early Asian Hours USD/JPY is currently trading around 106.27 marks. It made intraday high at 106.72 and low at 106.13 levels. Intraday bias remains bearish till the time pair holds immediate resistance at 107.87 levels...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 04:34
USD/JPY: Nikkei -4% and Bears Target 106.00 Fibo Level USD/JPY was stablising the downside with Japan back just for one day before further holiday's this week. However, Asian equities are smashed lower with the Nikkei opening by 3.5% negative and continuing to over 4% as Tokyo gets going...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 04:30