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Forex Technical Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD Analysis for May 18th, 2016 EURUSD, “Euro vs US Dollar” Eurodollar has defined the upside border of the consolidation channel and then return to the downside one. We think, today the price may test 1...
Analytics & Forecasts
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Roberto Jacobs, 18 May 2016, 13:56 #USDRUB, usdchf, forex
USD Resilient Against the Yen Despite the Better than Expected GDP Report - BBH Research Team at BBH, notes that the Japan reported stronger than expected Q1 GDP figures earlier today. Key Quotes “The Bloomberg median was 0.1%, but instead, Japan reported a 0.4% expansion...
Analytics & Forecasts
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Roberto Jacobs, 18 May 2016, 13:10
GBP/JPY Finds Good Support ahead of 157.50 Following the UK jobs report release, the GBP/JPY cross stalled its downslide near 157.50 levels and re-attempted recovery back onto 158 handle. GBP/JPY: Upside capped by negative European equities Currently, GBP/JPY trades +0.24% to 158...
Analytics & Forecasts
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Roberto Jacobs, 18 May 2016, 13:07
Oil, Metal and the Dollar - SocGen Kit Juckes, Research Analyst at Societe Generale, notes that the dollar up 10% this month against the South African rand, 4% against the Australian dollar and top of the major currency league for May...
Market News
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Roberto Jacobs, 18 May 2016, 13:04
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, May 18th EUR/USD is refreshing its three-week lows, due to risky sentiments are gaining momentum. Euro bulls cant break through its key resistant level at 1...
Analytics & Forecasts
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EEAnalytics, 18 May 2016, 13:03
USD Strong All Around - BBH Research Team at BBH, notes that the US dollar is rising against all the major currencies today. Key Quotes “The Australian dollar is retracing a sufficient part of its recent gains to suggest that the current phase of the US dollar's recovery is not over...
Analytics & Forecasts
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Roberto Jacobs, 18 May 2016, 13:00
Waiting on FOMC Minutes - Forex News and Events Q1 Japan GDP rebounds (by Yann Quelenn) First quarter Japan’s GDP has printed in above expectations at 0.4% q/q with markets only expecting a slight increase at 0.1% q/q. The rebound in private consumption to 0...
Analytics & Forecasts
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Roberto Jacobs, 18 May 2016, 12:56
GBPUSD: The pair continues to look weak and vulnerable to the downside in the short term despite its recovery attempts on Tuesday. On the downside, support lies at the 1.4400 level where a break will turn attention to the 1.4350 level. Further down, support lies at the 1.4300 level...
Analytics & Forecasts
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FXTechstrategy, 18 May 2016, 12:50
Gold Holds Near-Term Trading Range ahead of Fed Minutes Gold once again retreated from $1280 level and dropped back to $1270 level, holding its near-term trading pattern within a narrow range...
Metals
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Roberto Jacobs, 18 May 2016, 12:49 #gold
EUR/USD Re-Attempts 1.1280 ahead of Fed Minutes The EUR/USD pair is currently retreating from new three-week troughs, although remains deep in the red amid strengthening demand for the US currency, as all eyes remain on the FOMC minutes for next direction...
Analytics & Forecasts
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Roberto Jacobs, 18 May 2016, 12:46
UK Labour Report Better than Expected - ING Research Team at ING, notes that the UK labour report was much better than it could have been, although with 1Q job creation around a quarter of what it was at the end of 2015, the effects of referendum-related uncertainty appear to be weighing on emplo...
Analytics & Forecasts
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Roberto Jacobs, 18 May 2016, 12:39
FxWirePro: GBP/JPY Faces Strong Resistance at 159.05, Good to Sell on Rallies Major support -156.80 (10 day MA) Major resistance -159.05 (55 day EMA) GBP/JPY has declined after making a high of 158.98. It is currently trading around 157.59. Minor weakness can be seen only below 156.80...
Analytics & Forecasts
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Roberto Jacobs, 18 May 2016, 12:36
Russia's Real GDP Growth to Return to Positive Territory in Q2 2016 On a year-on-year basis, Russia’s real GDP shrank 1.2% in the first quarter, according to the data released recently...
Market News
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Roberto Jacobs, 18 May 2016, 12:32
USD/JPY Fades a Spike to 109.60; Yen Recovers Amid Risk-Off A renewed spurt of buying interest in the USD/JPY faded over the last hours, as the demand for yen resurfaced as the European stocks turned lower in sync with oil. USD/JPY fails once again above 109...
Analytics & Forecasts
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Roberto Jacobs, 18 May 2016, 12:28
CBR Ready to Act – CBR’s Yudaeva First Deputy Governor of the Central Bank of Russia Ksenia Yudaeva has reiterated the central bank’s readiness to intervene in the FX markets in case of financial instability. She added that those interventions could be carried out without previous notice...
Currency
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Roberto Jacobs, 18 May 2016, 12:19
German Bunds Mixed on FED Rate Hike Expectations, Weak Risk Appetite The German bunds traded mixed on Wednesday after data showed better than expected U.S economic data and hawkish comments from Federal Reserve officials...
Market News
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Roberto Jacobs, 18 May 2016, 12:14
USD/JPY StillTtargets 109.70 – UOB The research team at UOB Group reiterated USD/JPY’s initial target at 109.70 in the next weeks. Key Quotes “USD touched a high of 109.64 yesterday, just below the 109.70 target”...
Analytics & Forecasts
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Roberto Jacobs, 18 May 2016, 12:12
EUR/USD Forecast: Fresh Lows, More to Come The EUR/USD pair plummeted to a fresh three-week low of 1.1255, on the back of poor EU inflation data. In April 2016, EU annual inflation fell 0.2%, whilst monthly basis, inflation remained flat at 0.0...
Analytics & Forecasts
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Roberto Jacobs, 18 May 2016, 12:09
EUR/GBP Potential ‘Head and Shoulders’ Pattern ahead? – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, suggested the likeliness that the cross could be developing a ‘Head and Shoulders’ pattern. Key Quotes “EUR/GBP after sitting all week just below the...
Analytics & Forecasts
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Roberto Jacobs, 18 May 2016, 12:04
Risk-Off Grips Europe as Oil Retreats, FTSE Ignores UK Jobs The sentiment on European stock markets remained largely subdued this Wednesday, with the renewed weakness in oil prices triggering a fresh bout of risk-aversion across the markets...
Market News
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Roberto Jacobs, 18 May 2016, 12:02