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Technical Analysis of Gold for May 09, 2016 Technical outlook and chart setups: Gold has dropped lower today and is trading at $1,280.00/81.00 levels for now. The metal might be supported at these levels and push higher one last time through $1,307.00/10.00 levels before reversing lower...
USD/JPY Now Focused on 105.00 – BBH Analysts at BBH have noted the relevance of the 105.00 handle amidst talks of BoJ intervention. Key Quotes “The dollar hit a low near JPY105.55 on May 3 before bouncing back to JPY107.50”. “Recall that the previous lows were in the JPY107.60-JPY107.70 area...
Analytics & Forecasts
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Roberto Jacobs, 9 May 2016, 10:37
Technical Analysis of GBP/CHF for May 09, 2016 Technical outlook and chart setups: The GBP/CHF pair is seen to be stalling at 1.4020/50 levels and might be looking to reverse lower. The pair is trading at 1.4010 levels at this moment, and bears may want to push prices lower towards 1...
Technical Analysis of EUR/JPY for May 09, 2016 Technical outlook and chart setups: The EUR/JPY pair has bounced back after testing 121.40/50 levels today during early hours. It seems to be a double bottom in the making. The pair is trading at 122.66 levels for now, looking to continue higher...
EUR/USD: Further Downside on the Cards? – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, hinted at the possibility of a visit to the 1.1340 area in the short-term...
Analytics & Forecasts
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Roberto Jacobs, 9 May 2016, 10:28
EUR/USD Potential Decline to 1.1300 – UOB In view of the research team at UOB Group, EUR/USD risks a test of the 1.1300 area in the next 1-3 weeks. Key Quotes “We just shifted to a neutral stance last Friday and there is no change to the view”...
Analytics & Forecasts
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Roberto Jacobs, 9 May 2016, 10:24
EUR/CHF Sinks to Lows Near 1.1050 After a failed attempt to extend the recent breakout of the 1.1100 handle, EUR/CHF has now returned to the mid-1.10s, or daily lows...
Analytics & Forecasts
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Roberto Jacobs, 9 May 2016, 10:21 #eurchf
Elliott Wave Analysis of EUR/NZD for May 9 - 2016 Wave summary: After a slightly deeper correction to 1.6479 a new rally quickly broke back above resistance at 1.6745, indicating that a low is now in place at 1.6479 and more upside should be expected in the coming days/weeks ahead...
Analytics & Forecasts
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Roberto Jacobs, 9 May 2016, 10:18
Elliott Wave Analysis of EUR/JPY for May 9 - 2016 Wave summary: The price spiked lower on Friday to a low of 121.46 but was immediately rejected. This could be what we have been waiting for to secure the bottom for a new long-term rally back to 141.06 and higher...
Analytics & Forecasts
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Roberto Jacobs, 9 May 2016, 10:15
As we wrote on Friday, ES-Mini: Tough Support; It Might Bounce!, we expected the market to start bouncing around the 2030 support region and completed the first corrective wave (A or 1) down from the highs...
Scalping
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AynGannRand, 9 May 2016, 10:14 #technical analysis
Gold Slides Further, Drops Back Below $1280 Gold weakened on Monday and extended its weakness during European session and dipped back below $1280 to currently trade near session low of $1279. On Friday, gold spike to $1295 on the back of what seemed to be poor US jobs report...
Analytics & Forecasts
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Roberto Jacobs, 9 May 2016, 10:11
Oil Picture Even More Blurred – SocGen Kit Juckes, Research Analyst at Societe Generale, notes that the oil prices are higher this morning, in reaction to concerns about the fire in Fort McMurray, and appointment of a new Oil Minister in Saudi Arabia...
Analytics & Forecasts
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Roberto Jacobs, 9 May 2016, 10:07
Technical Analysis of EUR/USD for May 09, 2016 When the European market opens, some economic news will be released such as the Sentix Investor Confidence and German Factory Orders m/m. The US will release economic data too such as the Labor Market Conditions Index m/m and Mortgage Delinquencies...
Technical Analysis of USD/JPY for May 09, 2016 In Asia, Japan will release the Consumer Confidence, Average Cash Earnings y/y, Monetary Policy Meeting Minutes, and the US will release some economic data such as the Labor Market Conditions Index m/m, and Mortgage Delinquencies...
Daily Analysis of Major Pairs for May 9, 2016 EUR/USD: This pair moved upwards on Monday and Tuesday, tested the resistance line at 1.1600, and then started a bearish movement. From the resistance line at 1.1600, the price dipped by 200 pips, to close at 1.1403 on Friday (May 6, 2016...
Analytics & Forecasts
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Roberto Jacobs, 9 May 2016, 09:57
EUR/GBP Recovers to Move Back to 0.7925 Resistance The EUR/GBP pair rebounded from early morning lows of 0.7890 and added on to its strength during early European session to currently trade at day's peak 0.7927...
Analytics & Forecasts
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Roberto Jacobs, 9 May 2016, 09:35
US: Starting to Labour? – ING James Smith, Economist at ING, suggests that the Friday’s Labour Report was fairly mixed, with sub-consensus payrolls growth, but better wage data and it won’t change too many minds on FOMC – the key now lies in the activity data...
Analytics & Forecasts
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Roberto Jacobs, 9 May 2016, 09:32
GBP/USD Dips to Lows Near 1.4380, Ignores Positive Equities The GBP/USD pair ran through fresh offers over the last hour and surrendered 1.44 handle thereon, as the US dollar regained momentum and edged higher against its major peers. GBP/USD eyes 100-DMA 1.4361 The GBP/USD pair trades -0...
Analytics & Forecasts
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Roberto Jacobs, 9 May 2016, 09:30
Daily Analysis of USDX for May 09, 2016 USDX did a rebound above the 200 SMA on the H1 chart, and probably we could be riding the bullish bias on a short-term basis, during this week at least. A breakout above the 94.06 level will open the doors to test new monthly highs around the 94...
Analytics & Forecasts
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Roberto Jacobs, 9 May 2016, 09:22
Daily Analysis of GBP/USD for May 09, 2016 GBP/USD still trades into a weak structure favored by the bears as it could decline toward the support zone of 1.4315...
Analytics & Forecasts
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Roberto Jacobs, 9 May 2016, 09:20