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USD/JPY Recovers to Trade Back Above 109.00 Level Yen continues to surge on risk aversion with the USD/JPY pair dipping below 109.00 handle before staging a minor recovery to currently trade around 109.30 level...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 08:54
USD/CAD Sidelined Below 1.31, OPEC Eyed The greenback is trading almost unchanged vs. its neighbour on Thursday, taking USD/CAD to the 1.3080 area ahead of the key OPEC meeting. USD/CAD focus on OPEC, EIA Spot is extending its consolidative pattern south of the 1...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 08:50
OPEC Meeting Preview: What to Expect of Oil? Oil benchmarks on both sides of Atlantic fluctuated between gains and losses this Thursday, unable to find a clear direction, as oil markets closely monitor developments surrounding today’s OPEC ministers meet in Vienna...
Crude Oil
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Roberto Jacobs, 2 June 2016, 08:35
AUD/USD Capped at 200-DMA, Drops Below 0.7250 on Global Risk-Off After failing to sustain its strength back above the very important 200-day SMA, the AUD/USD pair is trading weak below 0.7250 despite of better-than-expected trade-balance data...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 08:28
EUR/USD Offered Below 1.1216 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s stance remains offered while below 1.1216. Key Quotes “EUR/USD is starting to bounce from the critical 1.1102/1.1058 key support...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 08:24
Forex Analysis: EUR/USD, EUR/CHF, USD/CHF, GBP/USD, USD/JPY, EUR/GBP - Danske Bank EUR/USD Strength above the 1.1200 level extending recovery from the 200-day MA and target the lower highs at 1.1217 and 1.1243. Above the latter will see scope to 1.1283 then the 1.1300 level. Support now at the 1...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 08:20 #eurchf, usdchf
EUR/GBP Drops to Lows Near 0.7750, ECB Eyed Having peaked near 0.7775 region earlier today, the EUR/GBP cross eases slightly and consolidates in a narrow range ahead of the ECB decision. EUR/GBP holds above 20-DMA at 0.7733 Currently, the EUR/GBP pair trades -0.10% lower near session lows of 0...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 07:56
FxWirePro: AUD/CAD Finds Strong Support by 21-DMA at 0.9446, Weakness Only on Break Below AUD/CAD halts upside, slips lower from fresh 3-week highs at 0.9527 hit on Wednesday...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 07:51
EURGBP - We Look to Sell a Break of 0.7759 (stop at 0.7789) EURGBP - Continued upward momentum from 0.7572 resulted in the pair posting net daily gains yesterday. A 5 wave bullish count has been completed at 0.7774. Selling posted in Asia...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 07:44
ECB and OPEC Meetings in Focus Today European equity markets are expected to open slightly lower again on Thursday, as risk aversion continues ahead of today’s ECB press conference...
Market News
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Roberto Jacobs, 2 June 2016, 07:41 #ECB
CADJPY Elliottwave Analysis Suggests Pair has Turned Lower Short term Elliottwave structure suggests that the cycle from 5/6 low has ended with wave (X) at 85.5. Decline from there is taking the form of a zigzag...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 07:38 #CADJPY
Gold: Retains Its Recovery Tone GOLD: The commodity continues to threaten further upside on correction. On the downside, support comes in at the 1,200.00 level where a break will turn attention to the 1,190.00 level...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 07:34 #gold
USD/JPY Climbs Back Above 109 Handle as Nikkei Trims Losses Fresh bids emerge near 108.85 region, allowing a tepid-bounce in the USD/JPY pair above 109 handle, also as risk-off moods cool-off somewhat amid a recovery in the Japanese stocks...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 07:31
GBP/USD Extends Recovery Beyond 50-DMA, Awaits PMI The GBP/USD pair extends recovery from two-week lows as we progress towards early European trading, with the bulls unperturbed by risk-off sentiment persisting in full swing. GBP/USD back above 50-DMA at 1.4433 Currently, GBP/USD trades 0...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 07:27
FxWirePro: Sell USD/INR at 67.35 With Stop Loss at 67.44 and Target of 67.12 USD/INR is currently trading around 67.32. It made intraday high at 67.45 and low at 67.31 marks. Intraday bias remains bearish till the time pair holds key resistance at 67.45 marks. A daily close above 67...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 07:24
FxWirePro: Yen Buying Dominates Amid Risk-Off, USD/JPY Hits Fresh 2-Week Low, Good to Sell Rallies USD/JPY slipped below the 109 handle to hit fresh 2-week lows at 108.82...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 07:21
ASX200 Trades Below 5300, Targets 5200 Major resistance - 5350 Major Support - 5300 (200 day 4 H MA) ASX200 has broken major support at 5300 and declined till 5269. It is currently trading at 5270. Short term trend is slightly bearish as long as resistance 5350 holds...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 06:45
FxWirePro: Nikkei225 Trades Weak on Stronger Yen, Good to Sell on Rallies Major support - 16,680 (200 day 4H MA) Nikkei Index has snapped 5 day winning streak on account of stronger yen. It has declined 1.29% today at the time of writing. and currently trading around 16629...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 06:43
FxWirePro: USD/SGD Hits Fresh Weekly Low at 1.3752, Intraday Bias Remains Bearish USD/SGD is currently trading around 1.3759 marks. It made intraday high at 1.3777 and low at 1.3752 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.3836 levels...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 06:39
Daily Recommendations on Major EUR/USD DAILY MARKET OUTLOOK on Major EUR/USD 02 Jun 2016 01:17 GMT EUR/USD - 1.1188 Despite the single currency's fall to a fresh 2-month trough at 1.1098 on Monday, subsequent strong rebound suggests recent downtrend from May's peak at 1...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 06:35