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AUD/USD Keeps Lows Near 0.7370 The Aussie dollar keeps its negative note on Friday, taking AUD/USD to the lower bound of the range near 0.7370. AUD/USD hurt by the RBA Spot has retreated to 2-month lows in sub-0...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 11:36
GBP/USD Runs into Offers Once Again at 1.4500, NFP Eyed The GBP/USD pair is seen trading quite choppy this NFP Friday, swinging between gains and losses amid increased uncertainty as we head towards the US jobs data release...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 11:34
EUR/USD Outlook Shifted to Neutral – UOB According to analysts at UOB Group, the pair’s stance has now shifted to neutral from bullish. Key Quotes “We highlighted the rapid loss of momentum in recent updates and the break below 1.1400 was not exactly surprising”. “The recent high of 1...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 11:32
USD/CHF Reverses from 0.9700 Neighborhood The USD/CHF pair met with fresh supply near 0.9700 handle and has now turned negative to trade close to session low of 0.9665...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 11:30 #usdchf
Technical Analysis of GBP/JPY for May 06, 2016 GBP/JPY is under pressure. The pair is turning down, while the 20-period moving average has broken the 50-period one. Meanwhile, the relative strength index stays below 50 and lacks downward momentum...
Gold Side-Lined Below $1280 Ahead of US NFP The yellow metal currently consolidates its overnight rise amid cautious trades as all eyes now remain on the highly influential US employment data due later today...
Metals
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Roberto Jacobs, 6 May 2016, 11:26 #gold
NZD/USD Tested Weekly Lows Near 0.6830 Amid Risk-Off The bears tightened their grip on the NZD in the European session, knocking-off NZD/USD to near one-week lows amid weaker stocks and oil prices. NZD/USD drops further towards 50-DMA at 0.6832 Currently, the NZD/USD pair trades -0.64% lower at 0...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 10:57 #nzdusd
USD/JPY Wobbles Near 107.00 Ahead of Payrolls The Japanese yen is posting moderate gains vs. its American peer at the end of the week, sending USD/JPY to the 107.00 neighbourhood ahead of NFP...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 10:55
EUR/USD Inching Higher, Awaits NFP Data for Further Direction The EUR/USD pair rose to a session high of 1.1425, rebounding from its key support around 1.1400 handle as investor now gear up for the release of much awaited US non-farm payrolls data later during the NY session...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 10:52
FxWirePro: NZD/JPY Breaks Strong Trendline Support at 73.40, Stay Short NZD/JPY has breached strong trendline support at 73.40 and has hit session lows of 73. Our previous call (http://www.econotimes...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 10:38
FxWirePro: USD/JPY Extends Range Trade, Struggles at the 107 Handle ahead of NFP USD/JPY is confined in a 38-pips narrow range, extends subdued trade as markets await crucial NFP data. The pair has been recovering from fresh 18-month lows at 105.54 (3rd May), but upside lacks momentum...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 10:35
Technical Analysis of Silver for May 06, 2016 Technical outlook and chart setups: Silver turned lower from $17.60 levels yesterday after facing the back side of the trendline, which is resistance now. The metal had earlier bounced off fibonacci 0.618 support around $17...
Technical Analysis of Gold for May 06, 2016 Technical outlook and chart setups: Gold has formed yet another low at $1,270.00 levels yesterday before pulling back higher again. The yellow metal is seen to be trading at $1,278.00 levels at this moment, looking to rally further towards $1,307...
Technical Analysis of EUR/JPY for May 06, 2016 Technical outlook and chart setups: The EUR/JPY pair has dropped a bit lower from yesterday's range and is now trading at 122.20 levels. Please note that the pair remains bullish in the short term and the probability is towards 124...
Elliott Wave Analysis of EUR/NZD for May 6 - 2016 Wave summary: EUR/NZD is still trying every dirty trick in the playbook to wipe us out. With a quick and deeper than expected correction to 1.6479, the next strong rally should now be expected for a break above minor resistance at 1...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 10:24
Elliott Wave Analysis of EUR/JPY for May 6 - 2016 Wave summary: This cross is doing nothing at the moment. Is a bottom building? Or is it just at consolidation before more downside pressure is seen? The failure to rally will normally have us call for more downside towards 117...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 10:22
Technical Analysis of GBP/CHF for May 06, 2016 Technical outlook and chart setups: The GBP/CHF pair is seen to be trading at 1.4040 levels at this moment, looking to continue rallying towards 1.4709 levels going forward...
AUD/JPY Slammed Below 79.00 Level The Australian Dollar fell across the board after the release of RBA Quarterly Statement on Monetary Policy that showed central bank's readiness to cut interest rates further. Immediately after the release, the AUD/JPY pair dropped to its lowest level since Feb...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 10:17
GBP/USD Trims Losses, Eyes 1.4500 The now softer tone in the greenback has helped GBP/USD to erode initial losses and trade closer to the 1.4500 barrier. GBP/USD focus on Payrolls Spot has recovered the smile after bottoming out in the mid-1...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 10:15
Daily Analysis of Major Pairs for May 6, 2016 EUR/USD: After testing the resistance line at 1.1600, the EUR/USD has gone down by almost 190 pips. This has become a threat to the recent bullish bias in the market, and a movement below the support line at 1...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 10:07