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Gold Extends the Drop in Asia Amid Broad USD Strength Gold extended its retreat from fifteen-month tops into a third day this Wednesday as the greenback keeps the bids amid renewed hopes of a Fed rate hike as early as this June. Gold trades around 5-DMA Currently, gold drops -0.45% to 1280...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 06:09 #gold
EURUSD Daily Forecast: May 04 2016 EURUSD Forecast The EURUSD attempted to push higher yesterday topped at 1.1616 but whipsawed to the downside and closed lower at 1.1495, formed a shooting star candle stick formation as you can see on my daily chart below...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 05:19
GBPUSD Daily Forecast: May 04 2016 GBPUSD Forecast The GBPUSD attempted to push higher yesterday slipped above the daily EMA 200 but whipsawed to the downside and closed lower at 1.4534. The bias is bearish in nearest term testing 1.4400 area. Immediate resistance is seen around 1.4600...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 05:16
USDJPY Daily Forecast: May 04 2016 USDJPY Forecast The USDJPY was indecisive yesterday formed a Doji on daily chart as you can see on my daily chart below and hit 107.44 earlier today. The bias is bullish in nearest term testing 107.60, which is a good place to sell with a tight stop loss...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 05:14
FxWirePro: Nikkei225 Faces Strong Resistance at 16600, Good to Sell on Rallies Major intraday resistance - 16200 Major support - 15800 Nikkei index slightly recovered after making a low of 15821.It is currently trading around 16048. Short term trend is bearish as long as resistance 16600 holds...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 05:11
USDCHF Daily Forecast: May 04 2016 USDCHF Forecast The USDCHF attempted to push lower yesterday bottomed at 0.9443 but whipsawed to the upside and closed higher at 0...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 05:09 #usdchf
NZD/USD Erases Jobs-Led Gains, Back in the Red Below 0.69 The NZD/USD pair reversed the early spike induced by upbeat NZ jobs data and fell sharply lower post-China open, having surrendered 0.69 handle. NZD/USD shrugs-off best Q1 jobs since 2004 Currently, the NZD/USD pair trades -0...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 05:07 #nzdusd
Asian Stocks Drop on Weaker Oil, Global Growth Concerns The Asian stocks snapped the previous rebound and fell sharply this Wednesday, tracking steep losses booked on the Wall Street overnight...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 05:04
USD/JPY Regains Momentum, Back Above 107 Handle The USD/JPY pair is once again taking on the recovery above 107 handle, reversing a brief dip to session lows struck at 106...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 05:01
AUD/USD: Overly Long Market Caught Wrong-Sided AUD/USD has come under strong selling pressure, yet again, at the open of market in China, last exchanging hands at fresh lows circa 0.7470, following the somewhat surprising 25bp rate cut by the RBA on Tuesday to a new record low interest rate of 1...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 04:58
FxWirePro: USD/KRW Hovers Around Key Resistance at 1153, Intraday Bias Remains Neutral USD/KRW is currently trading around 1154 levels. It made intraday high at 1154 and low at 1150 levels. Intraday bias remains neutral till the time pair holds key resistance at 1153 levels...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 04:55
Talking Points: CADJPY Technical Strategy: Turning bearish Elliottwave Count: Larger impulse bearish count. We were expecting correction over 88.50 area where we were tracking wave c termination point. We marked with yellow round. Same point was also treated a channel resistance. From 88...
Analytics & Forecasts
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hoagtrading, 4 May 2016, 04:46
AUD/NZD Bears Remain in Control, Tgt YTD Low 1.0539 AUD/NZD bears remain in control, despite the GTD price index shocker and the RBA rate cut, that was only 40% priced in continues to drive the cross off a cliff. AUD/NZD was at 1.1250 just last week and we have made recent lows of 1...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 03:24
Yen is Top Performer for 2016 So Far - Nomura Analysts at Nomura explained that the Japanese yen (JPY) is the top-performing currency year-to-date...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 02:35
AUD/USD: Only 40% of the RBA was Priced in - Westpac Analysts at Westpac noted that AUD/USD was 0.7710 ahead of the RBA’s rate cut which was only 40% priced in, so fell steeply to around 0.7560 in the Sydney afternoon. Key Quotes: "The Aussie attempted a rally in the London morning to around 0...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 02:22
Key Events in the U.S. - Nomura Analysts at Nomura offered a preview of U.S. data events. Key Quotes: "ADP employment: In line with our forecast for BLS private nonfarm payrolls, we forecast that ADP private employment gained an additional 200k jobs in April (Consensus: 195k...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 02:19
AUD/JPY: Downside Targets 2016 Lows 77.56 AUD/JPY is back on to the 80 handle with a pick-up in USD/JPY with the cross reaching a high of 80.37 while intra-session highs were recorded at 80.57 on the post-RBA cut, yet short-lived, re-bound...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 02:08
Key Events: Awaiting U.S. Open - Westpac Analysts at Westpac noted that the Asian data calendar is light. Key Quotes: "Indonesia Q1 GDP is expected to be stable at 5.1% y/y...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 01:58
NZD/USD Slightly Bid on Best Q1 Jobs Since 2004 NZD/USD is mixed on a mixed jobs data release, with an initial offer, but now securing a bid on pre-announcement levels. The unemployment rate increased to 5.7% vs 5.5% expected while average hourly earnings were lower than expected...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 01:16 #nzdusd
USD/JPY: Intervention on its Way, but How? Market Eyes 103.80 USD/JPY shot up earlier in a freak move with little substance behind it in thin trade. 107 was popped but only momentarily...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 01:10