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FxWirePro: ASX200 Recovers After Making a Low of 5270, Good to Sell on Rallies Major resistance - 5350 Major Support - 5300 (200 day 4 H MA) ASX200 has recovered till 5332 at the time of writing after making a low of 5269 . It is currently trading at 5312...
Analytics & Forecasts
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Roberto Jacobs, 3 June 2016, 06:59
A Big Picture View of YEN and YUAN is Quite Revealing I just wanted to update the interesting comparison chart of the USD vs YEN (upper chart) and the USD vs. YUAN (lower chart...
Analytics & Forecasts
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Roberto Jacobs, 3 June 2016, 06:55
USDCHF Daily Forecast: June 03 2016 USDCHF Forecast The USDCHF didn’t make significant movement yesterday. The bias is neutral in nearest term but overall price is still in a bullish phase after broke above 0.9795 targeting 1.0000. Immediate support is seen around 0.9850 followed by 0.9795...
Analytics & Forecasts
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Roberto Jacobs, 3 June 2016, 06:50 #usdchf
US Non-Farm Payrolls Preview This Friday’s Non-Farm Payrolls (NFP) report for May will be the last major employment data to be released before the highly anticipated FOMC meeting in mid-June, less than two weeks from now...
Analytics & Forecasts
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Roberto Jacobs, 3 June 2016, 06:47
APAC Currency Corner – Will NFP Provide the Magic Bullet for the US Dollar? Aussie – trading heavy Following up on Wednesday’s unexpectedly strong Q1 GDP report, Australia printed a much narrower-than-expected trade deficit of AUD1.6bn in April – the smallest in 14 months...
Analytics & Forecasts
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Roberto Jacobs, 3 June 2016, 06:43
EUR/USD V DXY: Monthly Forecast DXY and EUR/USD prices are again explained since December 2015 and every month thereafter by 1 and 2 year monthly averages...
Analytics & Forecasts
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Roberto Jacobs, 3 June 2016, 06:36
Markets Waver ahead of All-Important Non-Farm Payroll Print AUD / USD Expected Range: 0.7065 - 0...
Analytics & Forecasts
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Roberto Jacobs, 3 June 2016, 06:29
NZD/USD Testing Key Resistance Near 0.6830, Shrugs Off China PMI The NZD/USD pair resumes its upward trajectory in the Asian session this Friday, reversing a brief correction seen yesterday, as the US dollar turns negative against its major peers. NZD/USD looks to regain 50-DMA at 0...
Analytics & Forecasts
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Roberto Jacobs, 3 June 2016, 06:24 #nzdusd
China's Caixin Services PMI Lower-Than-Expected in May China's Caixin Service PMI (May) came in at 51.2 vs 51.8 last, while the Composite stood at 50.5 vs 50.8 prior, both readings lower-than-expected. Commenting on the China General Services PMI™ data, Dr...
Market News
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Roberto Jacobs, 3 June 2016, 06:23
AUD/USD Back on the Bids, Tracks Gold Higher The AUD/USD pair found renewed bids near 0.7225 region and reverted towards daily highs, moving in tandem with the minor rebound seen in the gold prices. AUD/USD back to 20-DMA Currently, the AUD/USD pair trades +0.10% higher at 0...
Analytics & Forecasts
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Roberto Jacobs, 3 June 2016, 06:17
FxWirePro: Short XAU/USD Around $1210 With Stop Loss at $1218 and Target of $1195 XAU/USD is currently trading around $1211 marks. It made intraday high at $1211 and low at $1206 marks. Intraday bias remains bearish till the time pair holds key resistance at $1220 marks...
Analytics & Forecasts
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Roberto Jacobs, 3 June 2016, 06:10
FxWirePro: Nikkei225 Faces Resistance at 100 Day 4EMA, Good to Sell on Rallies Major support - 16,400 Nikkei Index has snapped its early gains made today morning .It has declined around 0.12% today at the time of writing. and currently trading around 16582...
Analytics & Forecasts
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Roberto Jacobs, 3 June 2016, 06:07
FxWirePro: AUD/NZD Stable Around Fresh 4-Month Low, Good to Sell on Rallies AUD/NZD is trading around 1.0605 marks. Pair made intraday high at 1.0623 and low at 1.0596 marks. Intraday bias remains bearish till the time pair holds immediate resistance at 1.0647/ 1.0739 marks. A daily close below 1...
Analytics & Forecasts
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Roberto Jacobs, 3 June 2016, 06:04
FxWirePro: USD/KRW Strongly Holds 1190 Mark, Downside Limited USD/KRW is currently trading around 1190 levels. It made intraday high at 1192 and low at 1185 marks. Pair is moving in a firm range from 1185 to 1195 marks...
Analytics & Forecasts
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Roberto Jacobs, 3 June 2016, 06:00
Gold Finds Good Support Near $ 1207, NFP in Spotlight Gold trades moderately higher in the Asian trades, underpinned by risk-off markets and a broadly lower US dollar, as we head towards the ECB policy decision on the interest rates. Gold re-takes 5-DMA Currently, gold now trades +0...
Analytics & Forecasts
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Roberto Jacobs, 3 June 2016, 05:27 #gold
Asian Stocks Defend Gains ahead of NFP, China Services PMI Weigh The Asian stocks staged a minor pullback on the final trading day of this week, snapping two back-to-back days of declines, as markets look to unwind their positions ahead of the highly influential US labour market report, which may...
Market News
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Roberto Jacobs, 3 June 2016, 05:25
Goldman Sachs Downgrades View on Chinese Yuan from 'Cautious' to ‘Outright Negative’ Analysts at Goldman Sachs downgraded their outlook on the yuan, shifting from a more cautious stance to a negative one at present...
Currency
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Roberto Jacobs, 3 June 2016, 05:23 #Goldman Sachs
USD/JPY Offered Near 50-DMA, Gives Up 109 Handle USD/JPY’s recovery from three consecutive sessions of losses faltered just shy of 50-DMA at 109.16, with the major now turning lower below 109 handle, as the risk sentiment appears to have worsened over the last hour...
Analytics & Forecasts
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Roberto Jacobs, 3 June 2016, 05:19
FxWirePro: Japanese Yen falls in Early Hours After Lower Than expected Cash Earnings Data USD/JPY is currently trading around 108.90 marks. It made intraday high at 109.13 and low at 108.74 levels. Today Japan released average cash earnings data with negative numbers at 0.3% m/m vs 1...
Analytics & Forecasts
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Roberto Jacobs, 3 June 2016, 05:16
Intermarket: Market Sentiment Deteriorates on China's Service PMI China's Caixin Service PMI (May) came lower-than-expected, with growth slowing to a 3-month low, leading to a worsening of the slightly more constructive sentiment seen on Thursday, with the Nikkei 225 giving back the vast majority...
Market News
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Roberto Jacobs, 3 June 2016, 05:12