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USDCHF Daily Forecast: May 12 2016 USDCHF Forecast The USDCHF failed to continue its bullish momentum yesterday bottomed at 0.9698. The bias is bearish in nearest term testing 0.9650. Immediate resistance is seen around 0.9750...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 05:58 #usdchf
UK CENTRAL BANK TRYING TO APPEAR UNBIASED TO AVOID INFLUENCING OUTCOME The Bank of England (BoE) has to appear unbiased on the very political topic of Britain exiting the European Union...
Market News
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Mohammad Soubra, 12 May 2016, 04:17
Pivot Points Daily Last Updated: May 12, 2:15 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.12555 1.13339 1.13793 1.14123 1.14577 1.14907 1.15691 USD/JPY 106.696 107.697 108.035 108.698 109.036 109.699 110.7 GBP/USD 1.42552 1.43486 1.4397 1.4442 1.44904 1.45354 1.46288 USD/CHF 0.95967 0.96592 0...
Market News
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Mohammad Soubra, 12 May 2016, 01:29
Pivot Points Hourly Last Updated: May 12, 2:15 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.14155 1.14193 1.1421 1.14231 1.14248 1.14269 1.14307 USD/JPY 108.289 108.369 108.401 108.449 108.481 108.529 108.609 GBP/USD 1.44197 1.44293 1.44332 1.44389 1.44428 1.44485 1.44581 USD/CHF 0.96995 0...
Market News
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Mohammad Soubra, 12 May 2016, 01:27
EUR/JPY Technical Analysis: Stuck in the Middle with Yen Talking Points: EUR/JPY Technical Strategy: Previously short, limit hit, remainder taken out at breakeven stop. EUR/JPY price action is in the middle of near-term highs and lows, offering little clarity on trend direction...
Market News
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Mohammad Soubra, 12 May 2016, 01:25
Monthly charts are bearish DXY bullish EUR/USD. The price action of the EUR/USD and DXY has been in a wide range bound trend for over a year. Ending March and reported in our Technical Advantage report, the EUR/USD made a 15 month closing high and formed a double bottom...
Analytics & Forecasts
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Vasilii Apostolidi, 11 May 2016, 21:21
EUR/USD: We are bearish and view any short-term consolidation as a breather within context of the recent down-move. A move below our initial targets near 1.1360 would signal lower towards 1.1300 and then the 1.1215 range lows. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you...
GBP/USD Finds Resistance Ahead of 1.4500 GBP/USD rose more than 100 pips throughout the day and reached a 5-day high, but lost momentum a few pips ahead of the 1.45 mark. GBP/USD peaked at 1.4487, its highest level this week but stalled ahead of the 1.4500 level and the 10-day SMA (1...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 19:29
NZD/USD Rises Further Toward 0.6850 NZD/USD rose further during the American session amid a weak US dollar across the board. The pair extend gains and printed a fresh high at 0.6845...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 18:46 #nzdusd
EUR/USD Rises Further to Fresh Weekly Highs EUR/USD extended gains above the 10-day SMA and scored fresh highs as the euro benefited by the negative sentiment in financial markets while the dollar is going through a corrective phase following sharp gains earlier this week...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 18:31
Brazil: USD/BRL Forecast Lowered with New Political Scenario - Deutsche Bank Jose Faria, Economist at Deutsche Bank, explained that they lowered USD/BRL year-end forecast from 3.70 to 4...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 18:16
FxWirePro: USD/CAD Dips Below Lower Range, Bearish Bias Increases USD/CAD has declined sharply in the US session, as the pair was weighted down by a strong rally in oil prices after data showed crude oil inventories at end of May 6 week were 540 million barrels, a 3...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 18:12
USD/CAD Hits Fresh Weekly Lows as CAD Tracks Oil Gains USD/CAD fell sharply to fresh weekly lows dragged down but a stronger Canadian dollar, which benefited by an unexpected drop in US oil inventories. According to the Energy Information Administration, US crude oil inventories fell by -3...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 18:07
US: Slower Start, Less Rate Hikes - Wells Fargo The new outlook for the US economy, pushed analysts from Wells Fargo to scale back on their expectations about the timing of the Federal Reserve rate hikes...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 18:01
FxWirePro: AUD/USD Intraday Upside Momentum Strong After Oil Prices Rally The AUD/USD inched higher on Wednesday, as commodity currencies strengthened across the board after oil prices rose sharply towards $45 per barrel. The pair hit high at 0.7380, after finding buying interest around 0...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 17:24
EUR/CHF: We Expect Gradual CHF Depreciation - Lloyds Analysts from Lloyds Bank expect a gradual depreciation of the Swiss franc and EUR/CHF to end the current year around 1.11. Key Quotes: “Over the past month, the Swiss franc has fallen by around 3% against the euro, pushing EUR/CHF above 1.10...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 17:19 #eurchf
USD/CHF Drops to Test 0.9700 The Swiss franc is rising against the US dollar, recovering after trading yesterday at the lowest level in two weeks. USD/CHF printed a fresh low during the American session at 0.9699 and currently trades at 0.9704/08, down 50 pips for the day so far...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 17:17 #usdchf
Oil Rallies After EIA Reports Drop in US Stockpiles Oil prices turned higher and spiked to fresh highs near $46.00 a barrel, after the US Energy Information Administration (EIA) reported crude oil inventories unexpectedly dropped last week...
Crude Oil
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Roberto Jacobs, 11 May 2016, 17:15
USD/JPY Hits Fresh Daily Lows as Sentiment Deteriorates USD/JPY fell briefly below 108.50 and posted fresh daily lows as the dollar weakened across the board while the yen benefitted from worsened market sentiment. USD/JPY bottomed out at 108...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 17:12
US Stocks Open Lower on Disappointing Earnings and Drop in Crude Oil Prices Major US equity indices opened lower on Wednesday as disappointing earnings and a minor weakness in crude oil prices weighed on investor sentiment...
Analytics & Forecasts
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Roberto Jacobs, 11 May 2016, 16:28