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Dollar Weakens Against Other Major Currencies After Downbeat Consumer Confidence: Jun 1, 2016 Market Review - 31/05/2016 23:10GMT Dollar weakens against other major currencies after downbeat consumer confidence The greenback weakened against other major currencies on Tuesday after U.S...
Currency
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Roberto Jacobs, 1 June 2016, 08:40
EURGBP - We look to Buy at 0.7660 (stop at 0.7635) EURGBP - Bespoke support is located at 0.7585. Bullish Outside Day posted, a pattern that often indicates the end of a bearish run and the start of a new upward bias. The 161.8% Fibonacci extension is located at 0.7691 from 0.7564 to 0.7643...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 08:37
CADJPY While Above 83.9 Can Extend Higher Short term Elliottwave structure suggests that dip to 82.88 on 5/24 ended wave X. Rally from there is unfolding as a double three where wave ((w)) ended at 85.17, wave ((x)) ended at 83.88, and wave ((y)) is in progress...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 08:32 #CADJPY
Could There be Further Upside Potential on the Horizon for the GBPCHF? Whilst the Cable is presently taking a bit of a thrashing, the GBPCHF could be setting up to perform a final leg of an Elliot wave which could have some significant upside potential...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 08:29
USDCHF: Looks To Resume Broader Uptrend USDCHF: Having the pair continued to maintain its medium term upside bias, trend resumption is envisaged. On the downside, support lies at the 0.9900 level. A turn below here will open the door for more weakness towards the 0.9850 level and then the 0...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 08:26 #usdchf
Where To Sell EUR/USD? - Credit Suisse EUR/USD’s challenge of key support at 1.1097/1058 – the 200-day average, 50% retracement level and price support – has led to fresh buying for a bounce higher, notes Credit Suisse...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 08:23
EUR/JPY Erodes Over 2 Big Figures on JP Sales-Tax Decision The European currency was heavily battered by its Japanese rival in the late-Asian/ early European trades, knocking-off EUR/JPY to fresh three-week lows. EUR/JPY: 122 handle tested The EUR/JPY pair sinks -0.81% to 122...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 08:17
EUR/GBP Upside Faltered Ahead of 0.7700 Yesterday’s abrupt drop of the sterling has allowed EUR/GBP to recover ground lost, although the bull run lost momentum just below 0.7700 the figure...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 08:14
GBP/USD Sidelined Below 1.45 Ahead of Data The sterling is trading almost unchanged vs. the greenback on Wednesday, with GBP/USD navigating the 1.4480/85 band so far. GBP/USD focus on UK data The pair is posting meager gains today following yesterday’s drop from the area above the 1...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 08:11
EUR/USD Under Pressure Below 5-DMA, PMIs in Focus EUR/USD is seen moving side-ways since the mid-Asian trades, having failed several attempts to reclaim 1...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 08:04
GBP Futures Open Interest: Long Liquidation Post ICM Brexit Poll Preliminary data from the CME Group shows that futures traders withdrew liquidity during yesterday's 6B slide (GBP/USD), following a built-up of long-sided business in the Sterling market in anticipation that the 'Bremain' campaign...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 07:26
FxWirePro: Gold Fails to Sustain Above Key Resistance at $1218, Good to Sell on Rallies XAU/USD is currently trading around $1214 marks. It made intraday high at $1219 and low at $1213 marks. Intraday bias remains bearish till the time pair holds key resistance at $1222 marks...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 07:22 #gold
FxWirePro: Upbeat GDP Data Buoys Aussie Bulls, AUD/CAD Extends Gains Above 23.6% Fib, Stay Long Upbeat Australian GDP report boosts Aussies bulls. Australia’s Q1 GDP q/q came in at +1.1% versus +0.8% expected and from +0.7% prior (revised higher from +0.6...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 07:19
Asian Markets in Red, Gold Hovers Around Key Resistance at $1218 All the major Asian indices are trading on a negative note on Wednesday. On the other side, Gold gains in early Asian hours but fails to sustain above key resistance at $1218 marks and hovers around $1215 levels...
Market News
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Roberto Jacobs, 1 June 2016, 07:14
APAC Currency Corner – Brexit fallout During the past twelve months, investors have built a towering wall of worry around themselves as they brood about everything from a global economic slowdown to collapsing oil prices. Now we have a possible Brexit on the horizon...
Currency
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Roberto Jacobs, 1 June 2016, 07:10
AUD/USD Deflates to 200-DMA, Aus GDP-Led Rally Short-Lived The AUD/USD pair reversed almost a quarter of the Australian GDP-induced sharp rally as we head towards late-Asia, with poor risk tone on weak Chinese PMI readings extending bearish pressure on the major...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 07:04
Sell NZD/USD on Strength, Buy USD/CHF on Dips - Westpac Research Team at Westpac, suggests to sell NZD on strength at 0.6840, stop at 0.6910. Key Quotes “The US dollar continues to strengthen - up 4.2% since 3 May - pushing NZD/USD lower...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 07:01
Short GBP/USD at 1.4480 - Westpac Research Team at Westpac, opens a short GBP/USD here at 1.4480 with a stop at 1.4640. Key Quotes “Polls validating last week's observation that, "GBP arguably getting ahead of itself in pricing out Brexit risks...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 06:59
Gold Rejected at 100-DMA, Drops to Test 5-DMA Gold brought an end to its two-day relief rally from multi-month troughs and now corrects slightly lower in response to the ongoing strength in the US treasury yields. Gold: Upside favoured amid risk-off...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 05:59 #gold
ASX200 Breaks Major Support 5340, Decline Till 5250/5235 Is Possible Major resistance - 5430 Major intraday Support - 5340 (21 day MA) ASX200 has broken major support at 5340 and declined till 5303. It is currently trading at 5308...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 05:56