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UK: Pound Ground Down - Investec Research Team at Investec, notes that after a quiet bank holiday, yesterday began with fairly muted market activity as Sterling continued to trade in tight ranges against the Euro and Dollar...
Currency
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Roberto Jacobs, 1 June 2016, 12:50
EUR/USD Inter-Market: Rallies in Tandem with VIX, Rest Intrinsics also Justify the Latest Upmove A renewed bout of buying interest seen around the EUR/USD pair post-European open, looks to have gathered pace, with the major now heading for a test of previous high reached at 1.1173...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 12:47
Oil Drops to $48.25 Ahead of API Data and Thursday’s OPEC Meeting After briefly rising back above $50.00 psychological mark on Tuesday, WTI crude oil futures witnessed a sharp reversal and extended its slide on Wednesday to currently trade at seven day low level near $48.25...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 12:44
GBP Remains Under Pressure Ahead of Referendum – Danske Bank Chief Analyst at Danske Bank Jens Sorensen has assessed the recent price action in the Sterling. Key Quotes “GBP dived substantially yesterday on a released poll showing a surprise lead for the ‘leave’ camp”. “GBP/USD fell from 1...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 12:41
USD/JPY Points to Further Gains in the Upper-111.00s – UOB Analysts at UOB Group remain bullish on USD/JPY, with a target around the 111.85/90 band in the near term. Key Quotes “While the 111.50 resistance capped the rebound in USD as expected (high of 111...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 12:39
FTSE Sold on Brexit Poll, Cheaper Oil The FTSE and the pound are both under pressure after the latest ICM/Guardian telephone survey revealed a seismic shift in favour of leaving the EU. FTSE futures slipped below the 6200 handle for the first time in a week...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 12:34
GBP/USD Forecast: Bearish Momentum to Accelerate Below 1.4400 The British Pound has extended its decline this Wednesday, unimpressed by the release of UK data, as May Markit Manufacturing PMI came in at 50.1 from the flash estimate of 49.2 released earlier this month...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 12:29
FxWirePro: DAX30 Forms Bearish Bat Pattern, Good to Sell on Rallies Harmonic Pattern formed- Bearish Bat pattern Potential reversal zone (PRZ)- 10487 (Apr 21st high) The index has made high of 10374 yesterday and started to decline from that level. It is currently trading around 10224...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 12:23
Euro Zone Bonds Mixed Ahead of ECB Policy Meeting The European bonds mixed on Wednesday as investors await European Central Bank (ECB) monetary policy. The benchmark German 10-year bonds yield, which moves inversely to its price fell 2 basis points to 0...
Market News
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Roberto Jacobs, 1 June 2016, 12:20
USD/CAD: Sell on Strength (Still) – Westpac In view of strategists at Westpac, the perspective for the pair remains a ‘sell on rallies’ in the near term. Key Quotes “USD/CAD admittedly looks like tis building a solid beach-head above 1.30 but still favour selling strength...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 12:17
EUR/GBP Surpass 0.7700 Handle with Ease, Now Eyeing 0.7750 Level As the EU referendum vote gets closer, an unexpected fall in the British Pound assisted the EUR/GBP cross to extend its sharp recovery for second day running...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 12:15
USD/JPY Bullish, Targets 111.90 – Commerzbank The pair’s outlook remains tilted to the bullish side, allowing a potential test of the 111.90 area, according to Karen Jones, Head of FICC Technical Analysis at Commerzbank...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 12:12
GBP/JPY Bulls Need to Catch Their Breath Quoting now back below its 50-period SMA on 4H charts, GBP/JPY has steady unwound last week's gains. The downswing in the pair has brought RSI into a weak technical position below its 35% level...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 12:09
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, June 1st GBP/USD has been floating in upper half of 1.44 level since this Tuesday. The pair fell sharply breaking through key resistance levels 1.47, 1.46 and 1...
Analytics & Forecasts
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EEAnalytics, 1 June 2016, 12:08
USD/JPY Stages Crushing Decline The 1-hour USD/JPY MACD series is sitting at extreme lows. Recent plummeting USD/JPY price action has been highlighted by an above-average distance between MACD and its signal line...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 12:07
GBP/USD Drops Further, ‘Brexit’ Weighs The sterling keeps losing traction today, now relegating GBP/USD to the lower bound of the range in the 1.4450/40 band...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 12:02
EUR/USD Advances Further Amid Negative Equities, 100-DMA Eyed Having bounced from 1.1120 region in early Europe, the EUR/USD pair is seen extending the upside amid persistent risk-off market profile and a broadly lower US dollar. EUR/USD takes-out 10-DMA at 1.1159 Currently, EUR/USD trades 0...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 12:00
AUD/USD Retreats from Highs, Near 0.7250 The Aussie dollar is fading the initial bull run to the boundaries of the 0.7300 handle vs. the greenback, with AUD/USD currently testing the mid-0.7200s. AUD/USD gains appear capped around 0...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 11:58
Head and Shoulders has broken through the support line at 01-Jun-00:00 2016 GMT. Possible bearish price movement forecast for the next 3 days towards 1.885. Supporting Indicators : Downward sloping Moving Average Resistance Levels : ( A ) 1.9181Last resistance turning point of Head and Shoulders...
Charts
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Lahcene Ouled Moussa, 1 June 2016, 11:14
Elliott Wave Analysis of EUR/NZD for June 1, 2016 Wave summary: Once again this pair has failed miserably and broken well below important short-term support at 1.6424 invalidating the short-term bullish count...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 10:43