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GBPUSD Daily Forecast: May 16 2016 GBPUSD Forecast The GBPUSD was indecisive last week but overall still able to maintain its bearish bias since the false break above the daily EMA 200 as you can see on my daily chart below. The bias is bearish in nearest term testing 1.4270/50 region...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 05:43
USDJPY Daily Forecast: May 16 2016 USDJPY Forecast The USDJPY had a bullish momentum last week topped at 109.55 but closed lower at 108.61. The bias is bullish in nearest term retesting 109.55. A clear break and daily close above that area could trigger further bullish pressure testing 110...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 05:41
USDCHF Daily Forecast: May 16 2016 USDCHF Forecast The USDCHF was indecisive last week. The bias is neutral in nearest term probably with a little bullish bias testing 0.9795 key resistance. A clear break and daily close above that area could trigger further bullish pressure testing 1...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 05:39 #usdchf
Nikkei Leads Recovery in Asia From Monthly Lows The stocks on the Asian bourses set-off the week on the weaker note, tracking a softer close on the Wall Street last Friday and weekend’s poor Chinese dataflow, which weighed down on the risk sentiment...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 05:11 #Nikkei
FxWirePro: South Korean Won Hovers Around Key Resistance at 1178, Intraday Bias Remains Neutral USD/KRW is currently trading around 1178 levels. Today South Korea released trade balance data with flat numbers at 8.80B m/m...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 04:59
NZD/USD Trims China Data-Led Losses, 5-DMA Back on Sight? The Kiwi attempts a tepid-bounce from the Chinese data dump-induced weakness, and now looks to regain 5-DMA located at 0.6784 amid improved appetite for risk across the markets. NZD/USD finds support just below 0...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 04:56 #nzdusd
AUD/JPY: bulls battle back on 79 handle Despite a weaker global picture to start the week off, AUD/JPY is resilient in the Tokyo open. AUD/JPY had been soft in early Asia in response to soft weekend China data. However, there was a re-bound 78.65 lows and the price has been as high as 78...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 04:38
AUD/USD: China Pressures Bulls Commitments - Westpac Analysts at Westpac explained that the AUD/USD extended its multi-week decline, from 0.7300 late Friday Sydney to 0.7270 into the weekend. Key Quotes: "It opened the week even lower, dipping as low as 0...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 04:37
Intra-Day News and Views & data to be released today (USD/JPY) Intra-Day Market Moving News and Views 16 May 2016 01:22GMT USD/JPY - 108.78... Despite dlr's brief rise to session high at 109.59 in New York morning on Friday on the back of upbeat U.S. eco. data, price tumbled to 108...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 04:33
APAC Currency Corner – Weekend Worries The trifecta of the closely watched Chinese economic metrics surprised on the downside over the weekend. This negative data should dictate this week’s risk environment, for the early part at least. However, in early trade markets have been mixed...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 04:25
FxWirePro: Japanese Yen Falls in Early Asia on the Back of Lower Than expected PPI Data USD/JPY is currently trading around 108.80 marks. It made intraday high at 108.84 and low at 108.46 levels. Today Japan released PPI data with negative numbers at -4.2% m/m vs -3.8% m/m previous release...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 04:16
USD/JPY Bulls Taking Over in Tokyo; Target Break of 100 1HR SMA U.S. retail sales data surprised markets and allowed the US 10yr treasury yield to rise to 1.75%, albeit only to end the session at 1.70% as a one-month low...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 04:10
AUD/USD on Recovery Mode Post China's Data Dump AUD/USD has found some strong bids off 0.7250 day lows, recovering and even extending past the opening downside gap, which was a result of poor Chinese data over the weekend. At present, the pair exchanges hands at 0...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 04:06
GBP/USD: 1.4330 is Key Support - FXStreet Valeria Bednarik, chief analyst at FXStreet explained that the GBP/USD pair fell to its lowest in three weeks last Friday, bottoming at 1.4339 before posting a modest bounce that anyway was not enough to push price back above 1.1470, the 61...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 04:03
USD/СAD: Wave Analysis and Forecast for 13.05 – 20.05 Estimated pivot point is at the level of 1.2767. Our opinion: Buy the pair from correction above the level of 1.2767 with the target of 1.33. Alternative scenario: Breakdown and consolidation of the price below the level of 1...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 03:53
USD/JPY: Wave Analysis and Forecast for 13.05 – 20.05 Estimated pivot point is at the level of 108.12. Our opinion: Buy the pair from correction above the level of 108.12 with the target of 110.64. Alternative scenario: Breakout and consolidation of the price below the level of 108...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 03:49
How Saudi Arabia Benefits From Low Oil Prices By Elvin Mirzayev, CFA, FRM On June 19, 2014 Brent oil futures closed at $115.06, its highest level for the year. After that, oil prices started to free fall and as of March 12, 2015 oil was trading around $58 per barrel...
Crude Oil
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Diamond Ashiegbu, 16 May 2016, 03:45
USD/CHF: Wave Analysis and Forecast for 13.05 – 20.05 Estimated pivot point is at the level of 0.9659. Our opinion: Buy the pair from correction above the level of 0.9659 with the target of 0.98 – 0.99. Alternative scenario: Breakout and consolidation of the price below the level of 0...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 03:42 #usdchf
GBP/USD: Wave Analysis and Forecast for 13.05 – 20.05 Estimated pivot point is at the level of 1.4520. Our opinion: Sell the pair from correction below the level of 1.4520 with the target of 1.42 Alternative scenario: Breakout and consolidation of the price above the level of 1...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 03:36
Wave Analysis and Forecast for EUR/USD 13.05 – 20.05 Estimated pivot point is at the level of 1.1216. Our opinion: Wait for the completion of the correction and buy the pair above the level of 1.1216 with the medium-term target of 1.18 – 1.20...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 03:30