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Pennant has broken through the resistance line at 04-May-00:00 2016 GMT. Possible bullish price movement forecast for the next 2 days towards 157.172. Resistance Levels : ( B ) 156.11Last resistance turning point of Pennant. Support Levels A ) 154.39Last support turning point of Pennant...
Charts
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Lahcene Ouled Moussa, 4 May 2016, 11:01
EUR/GBP Clocks Fresh 2-Week Highs on EZ PMIs The cross in the EUR/GBP ran through fresh bids just below 0.79 handle in the last hour, and now extends higher to fresh two-week highs following the release of Euro zone final services PMI reports...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 10:59
Crude Oil Could Reach $50.00 by Year-End – Rabobank Strategist at Rabobank Christian Lawrence sees crude oil prices testing the psychological $50.00 handle toward end of 2016...
Crude Oil
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Roberto Jacobs, 4 May 2016, 10:56 #crude oil
GBP/JPY Holds 155.00 Support Ahead of UK PMI The GBP/JPY pair eased from its Asian session peak of 156.15 but has been able to hold its neck just above 155.00 handle ahead of the UK construction PMI release, due for release in a short while from now...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 10:53
EUR/USD Wobbles Near 1.15 Post-PMIs The single currency is marginally lower vs. its American counterpart on Wednesday, with EUR/USD gyrating around the 1.1500 barrier...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 10:51
FxWirePro: US Oil Faces Strong Resistance at $44.50, Good to Sell on Rallies Major intraday resistance - $44.50 (200 day HMA) Major support- $43 US Oil has recovered after making a low of $43.30. It is trading around $43.75. The commodity has broken minor resistance $43...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 10:46
Technical Analysis of Silver for May 04, 2016 Technical outlook and chart setups: Silver is trading lower at $17.25 levels at this moment, after printing highs at $18.00 levels earlier...
Technical Analysis of Gold for May 04, 2016 Technical outlook and chart setups: Gold is seen to be trading lower for the day at $1,280.00/81.00 levels, looking to rally one last time through $1,307.00/10.00 levels before reversing lower...
Technical Analysis of USD/CHF for May 04, 2016 USD/CHF is expected to trade with a bearish bias as the key resistance is at 0.9605. The pair has posted some bounces and is currently challenging its nearest resistance at 0.9605...
Technical Analysis of NZD/USD for May 04, 2016 NZD/USD is expected to trade in a lower range as the key resistance is at 0.6945. The pair remains under pressure below its horizontal resistance at 0.6945. The relative strength index stays below its neutrality area at 50 and lacks upward momentum...
Technical Analysis of GBP/JPY for May 04, 2016 GBP/JPY is expected to trade in a lower range. The pair failed to post a sustainable rebound after its 2% plunge triggered by the Australian central bank's surprise move to cut interest rates by 25 basis points...
Dollar’s Slide Interrupted - SocGen Kit Juckes, Research Analyst at Societe Generale, suggests that the dollar’s slide was interrupted yesterday as angst about the global economy overtook relative real yield trends as the dominant driver...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 10:03
Technical Analysis of EUR/JPY for May 04, 2016 Technical outlook and chart setups: The EUR/JPY pair seems to have hit initial resistance at 123.35 levels as expected yesterday before pulling back lower. Please note that the pair has reversed from fibonacci 0...
Technical Analysis of GBP/CHF for May 04, 2016 Technical outlook and chart setups: The GBP/CHF pair dropped lower yesterday hitting 1.3815/20 levels before pulling back. The pair has dropped beyond our expectations but still remains bullish...
USD/JPY Unable to Extend Recovery, Dips Back Below 107.00 The USD/JPY pair's early Asian session spike to 107.45 got sold into and the pair has now dropped back below 107.00 handle, shattering traders’ expectations of extending Tuesday's recovery...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 09:55
GBP/USD Bounces Off 1.4520 Ahead of PMI The sterling is posting meagre gains vs. the greenback during the European morning, taking GBP/USD to the area of 1.4540 for the time being. GBP/USD attention to PMI, US releases After climbing to fresh 4-month highs near 1...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 09:51
EUR/GBP Ticks Below 0.7900 Ahead of UK PMI The EUR/GBP pair dipped marginally below 0.7900 handle as investors now await for the release of UK construction PMI for further trading cues. Tuesday's disappointing UK manufacturing PMI dragged the British Pound lower against most major currencies...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 09:49
Elliott Wave Analysis of EUR/NZD for May 4 - 2016 Wave summary: We are finally seeing some upside acceleration. We are still and have for a long time now been looking for this acceleration...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 09:46
Elliott Wave Analysis of EUR/JPY for May 4 - 2016 Wave summary: With the break above short-term resistance at 122.95, the odds favor an important bottom is in place at the 121.66 low. We will now be looking for a new impulsive rally that will ultimately take us back above the 141.06 top...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 09:41
Technical Analysis of EUR/USD for May 04, 2016 When the European market opens, some economic news will be released such as the French 10-y Bond Auction, Retail Sales m/m, Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, Spanish Services PMI, Spanish...