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AUD/USD Hits 2-Month Lows, Contained by 200-Day SMA AUD/USD fell to fresh 2-month lows at the beginning of the New York session, as the greenback strengthened on the back of stronger than expected US retail sales data...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 16:11
USD/CAD Still Eyes 1.30 Near-Term – Scotiabank FX Strategist at Scotiabank Eric Theoret believes the pair could test the psychological 1.30 handle...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 16:08
AUD/USD Topside Limited Around 0.7450 – Westpac Strategist at Westpac Sean Callow sees the upside in AUD to find resistance in the mid-0.7400s in the near-term. Key Quotes “The timing of another RBA rate cut will hang over AUD for some months, capping rallies”...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 16:06
JPY: End Of The Run? - Credit Agricole A combination of both, rising intervention fears and additional scope of the BoJ turning more aggressive on monetary policy has been weighing on the JPY this week...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 16:01
AUD/USD: Downside Alleviated above 0.7410 – UOB Analysts at UOB Group suggested the Aussie dollar could mitigate current downside pressure above 0.7410. Key Quotes “The strong support at 0.7300 was finally breached at the time of writing (low of 0.7286)”...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 15:54
USD/JPY Surges Past 109.00 Handle on Surprisingly Positive US Data The USD/JPY pair shot-up to a fresh two-week high level of 109.45 on surprisingly positive US retail sales data...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 15:51
EUR/USD: Dollar Gains on Strong Retail Sales EUR/USD Current Price: 1.1312 The common currency started the day with a sour tone, on mixed data coming from Europe. The EUR/USD pair fell down to 1...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 15:44
Murrey Math Lines: EUR/USD, GBP/USD Analysis for May 13th, 2016 EURUSD, “Euro vs US Dollar” Eurodollar resumed moving downwards and, as a result, Super Trends formed “bearish cross”. Considering that the price was able to break the 3/8 level, the closest target is now at the 1/8 one...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 15:36
Ichimoku Cloud Analysis: GBP/USD, Gold Analysis for May 13th, 2016 GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another below Kumo Cloud (1); both lines are directed downwards...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 15:18 #gold
EUR/USD Drops Sharply to 1.1300 On Strong US Retail Sales Print The shared currency remained on back-foot through Friday's trading session, with the EUR/USD pair dropping to session low level of 1.1308 after the release of US economic data...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 15:06
Prerequisite Reading: USDJPY: What Are We Looking for Our Short Swing! USDJPY bounced in the level we called, and what we have seen up to now has been an impulsive wave up, which will be confirmed only if a new high is made (above 109.4...
Gold Climbs to Session High of $1275 ahead of US Retail Sales Data Extending its bid tone, Gold continues to gain traction and has now moved to session peak level of $1275 just ahead of the US monthly retail sales and PPI release...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 14:32 #gold
Forex Technical Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, Gold Analysis for May 13th, 2016 EURUSD, “Euro vs US Dollar” Eurodollar is moving close to 1.1390. We think, today the price may fall towards 1.1333 and then test 1.1390 from below...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 14:24 #USDRUB, usdchf, gold
GBP/USD Ranges and Trade Idea GBP/ USD opened the week at 1.4422, traded 100 pips Sunday to Monday inside the 101 pip range between 1.4375 - 1.4476. Despite 100 pip move, the range held and resulted in no change to GBP/USD. Monday. GBP/USD ranged again 100 pips from 1.4376 to 1.4477...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 14:12
USD/CHF Turns Flat but Holds 50-DMA, US Data Eyed for Direction The USD/CHF pair erased its early European session gains to 0.9743 and has now turned back to 50-day SMA support near 0.9700 handle. Following Thursday's sharp reversal from 0...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 14:08 #usdchf
UK: Super Thursday Failed to Excite – Investec Research Team at Investec, notes that ‘Super Thursday’ managed to bring some momentum to the foreign exchange market yesterday, helping GBPUSD break above 1.45 and GBPEUR break the 1.27 mark but gains were very short-lived...
Currency
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Roberto Jacobs, 13 May 2016, 14:06
EUR/GBP Directionless at 0.7870, Looking for Fresh Triggers The EUR/GBP pair continues to trade flat from Thursday's closing amid a directionless trading session as traders seemed reluctant to carry forward their bets over the weekend...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 14:03
Gold Demand in First Quarter Breaks All Record Demand for Gold, shot up in first quarter of 2016, to 1289.8 tons, surpassing all previous first quarter record and supply for the quarter, according to report from World Gold Council. Overall demand was 21% higher than previous year...
Metals
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Roberto Jacobs, 13 May 2016, 13:56 #gold
Technical Analysis of GBP/CHF for May 13, 2016 Technical outlook and chart setups: The GBP/CHF pair is now starting to accelerate lower, and is trading at 1.3988 levels at this moment. The pair was drifting sideways after printing 1.4074 highs yesterday...
Technical Analysis of Silver for May 13, 2016 Technical outlook and chart setups: Silver is seen to be trading at $17.10 for now, after testing $16.88 level yesterday. The wave structure indicates that the metal is likely to push lower below $16.80 from the current levels...