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Technical Analysis of Silver for May 11, 2016 Silver is trading at $17.50 levels at this moment after bouncing off $16.88 levels yesterday. The metal might be looking to retrace lower towards $17.00 levels from here, before resuming rally...
Technical Analysis of Gold for May 11, 2016 Technical outlook and chart setups: Gold is seen to be trading at $1,277.00 levels at this moment, after having bounced off a major support at $1,256.00 levels yesterday. The wave which began from $1,256...
Technical Analysis of USD/JPY for May 11, 2016 USD/JPY is expected to trade in a higher range as the pair is bullish above 108.20. Overnight U.S. stock indexes rose over 1% posting their biggest gains in two months...
Technical Analysis of USD/CHF for May 11, 2016 USD/CHF is expected to continue its upside movement. The pair stands firmly above its key horizontal support at 0.9680, and is challenging its nearest resistance at 0.9765...
Technical Analysis of NZD/USD for May 11, 2016 NZD/USD is turning up and expected to trade in a bullish bias. The pair is likely to post further rebound. At the same time, the 20-period moving average has crossed above the 50-period one, calling for further upside as well. As long as 0...
Technical Analysis of GBP/JPY for May 11, 2016 GBP/JPY is expected to post further gains. The pair has been supported by its rising 20-period and 50-period moving averages and is looking for a higher top. Meanwhile, the relative strength index still stays above 50. As long as 123...
Oil Recovery Drags USD/CAD Further Below 1.2900 Level Tracking recovery in crude oil prices, the USD/CAD pair has now dropped back below 1.2900 handle to currently trade near day's through level at 1.2875...
Crude Oil
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Roberto Jacobs, 11 May 2016, 14:17
US: Evidence for a June Hike Now Lacking - HSBC Research Team at HSBC, recently cut their forecast for US 2016 average growth to 1.8% from 2.0% on the back of the impact of disappointing global growth, financial market turmoil, and continued weakness in the oil and commodity sectors...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 14:14
Goldman Sachs Revises Its $1000/troy Ounce Gold Call Goldman Sachs’ $1000/troy ounce Gold call, in a year time, given few months back, hasn’t proved so well so far. Despite recent drop in gold prices, yellow metal is still up around 20% this year so far. Goldman cited extra-dovish attitude from U...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 14:09 #Goldman Sachs
BoE: Losing Momentum - Rabobank Jane Foley, Senior FX Strategist at Rabobank, suggests that the publication of the Bank of England’s May Quarterly Inflation Report comes just over a month before the UK goes to the polls to determine whether the country will remain within or leave the EU...
Currency
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Roberto Jacobs, 11 May 2016, 14:06
Trading the BoE Inflation Report - TDS Research Team at TDS, suggests that a 9-0 vote seems the safe thing to do for BoE in its forthcoming meet with the EU Referendum just 43 days away. Key Quotes “But two MPC members have said a deterioration in the data might push them to vote for a cut...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 14:04
How US Politics will Impact FX – Deutsche Bank Alan Ruskin, Macro strategist at Deutsche Bank, suggests that the channels through which the coming election will influence the USD are complex and sometimes contradictory - which will probably mute the response to some degree...
Currency
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Roberto Jacobs, 11 May 2016, 14:02
FxWirePro: CHF/JPY Faces Strong Resistance at 112.50, Good to Sell on Rallies Major Resistance- 112.50 (21 day MA) The pair has made a high of 112.50 and declined from that level. It is currently trading around 111.54. Short term trend is bearish as long as resistance 112.50 (21 day MA) holds...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 13:59
"We bought at 106.42 with a stop-loss at 106.15 and target 1 at 108 (100% extension level) and target 2 at 109.00 (162% extension level)." - USDJPY: We Bought...
Scalping
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AynGannRand, 11 May 2016, 13:59 #technical analysis
Oil Recovery Now Eyeing $45.00 Level Ahead of EIA Inventory Data After dipping back below $44.00/barrel mark, WTI crude oil future recovered sharply to currently trade at the high point of the day at $44.80...
Crude Oil
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Roberto Jacobs, 11 May 2016, 13:54
BoE Preview: Silence is Golden - ING James Knightley, Senior Economist at ING, suggests that BoE’s dovish tilt in its forthcoming meet may unleash pent-up GBP weakness. Key Quotes “Loss of UK economic momentum has been sizeable...
Currency
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Roberto Jacobs, 11 May 2016, 13:50
GBP/USD Attempting to Extend its Recovery Above 1.4400 Level The GBP/USD pair reversed from session high of 1.4467 and dropped to 1.4394 on weak production data, before recovering back to currently trade at 1.4430 level...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 13:46
JPY: Recovering From Two-Day Two Percent Decline - BBH Research Team at BBH, notes that the Japanese yen is recovering from two-day two percent decline as the yen is the strongest of the majors today, rising about 0.6...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 13:44
USD/JPY: Bears Take a Breather, Selling Stalls Near 108.50 The bears took a breather from the ongoing downward spiral, allowing a minor recovery in USD/JPY from session lows just near the mid-point of 108 handle. USD/JPY re-attempts 109 handle...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 13:41
Chart:https://bi0l.blogspot.com/2016/05/xauusd-intraday-forecast-technical-side_11.html Calculated level for today: Support (S1 / S2 / S3 = 1259,035 / 1256,02 / 1251,13), resistance (R1 / R2 / R3 = 1268,80 / 1271,81 / 1276,69). Key level (1st from 1274.14 to 1262...
Analytics & Forecasts
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oleksandr bilokon, 11 May 2016, 13:38