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Technical Analysis of EUR/USD for May 02, 2016 When the European market opens, some economic news will be released such as the Final Manufacturing PMI, German Final Manufacturing PMI, French Final Manufacturing PMI, Italian Manufacturing PMI, and Spanish Manufacturing PMI...
Technical Analysis of USD/JPY for May 02, 2016 In Asia, Japan will release the Final Manufacturing PMI and the US will release some economic data such as the Loan Officer Survey, ISM Manufacturing Prices, Construction Spending m/m, ISM Manufacturing PMI, and Final Manufacturing PMI...
Oil Extends Retreat from 2016 Highs on Rising OPEC Output Oil benchmarks on both sides of Atlantic faded a tepid bounce and fell back in the red this Monday, extending its retreat from fresh 2016 tops...
Crude Oil
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Roberto Jacobs, 2 May 2016, 08:49
USD/JPY Recovers a bit, 107.00 Level Eyed for Further Recovery On Monday, the USD/JPY pair has managed to register some minor recovery from 106.00 vicinity to currently trade near 106.55 level...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 08:47
EUR/USD Could Struggle Near 1.1500 – Commerzbank Axel Rudolph, Senior Technical Analyst at Commerzbank, sees the pair’s upside struggling in the boundaries of 1.1500. Key Quotes “EUR/USD is still rising but now digs into resistance which remains to be seen at the 1.1465/95 April and October peaks...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 08:45
AUD/NZD: RBA to be the Main Influence on Near Term Direction - Westpac Imre Speizer, Senior Market Strategist at Westpac, suggests that it’s a big week for AUD/NZD cross, with the RBA likely to be the main influence on near term direction...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 08:43
USD/JPY: Modest Support from Buying on Dips but Upside Capped – Deutsche Bank Taisuke Tanaka, Strategist at Deutsche Bank, notes that the major lifers have unveiled their investment strategies for FY3/17 and they face a situation in which securing yields in excess of the assumed rate of return is...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 08:39
Chart: http://bi0l.blogspot.com/2016/05/eurusd-d1-monthly-forecast-2016-05.html Weather (Monthly): Calculated monthly level: Support (S1-m / S2 / S3 = 1.1283 / 1.1225 / 1.1130), resistance (R1-m / R2 / R3 = 1.1472 / 1.1530 / 1.1624). Key support levels (1st from 1.1141 to 1...
Analytics & Forecasts
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oleksandr bilokon, 2 May 2016, 08:36
Daily Analysis of Major Pairs for May 2, 2016 EUR/USD: The EUR/USD went upwards by 230 pips last week. The movement lasted a week and has resulted in a bullish bias in the market. The resistance line at 1...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 08:36
This week, the greatest attention of the market will be attracted with the U.S. #NonfarmPayrolls, as well as with #Fed members' speeches. Strong statistics and optimistic comments will strengthen expectations regarding the rate hike. Find out more by checking out the Source Link...
NZD/USD Struggles to Extend Above 0.70, Lower Oil Weighs Having peaked at 0.7020 in early Asia, the NZD/USD pair drifted lower as we head into early Europe, and now struggles to rise back above 0.70 barrier. NZD/USD: making higher tops on daily charts Currently, the NZD/USD pair trades 0...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 08:31 #nzdusd
NZD/USD Will Decline Throughout the Year - Westpac Imre Speizer, Senior Market Strategist at Westpac, notes that the NZD/USD was rescued from a breakdown by the RBNZ’s hawkish surprise last Thursday...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 08:28 #nzdusd
USD/CAD Keeps 1.2500… for Now There is no respite for the greenback so far, with USD/CAD posting marginal losses albeit managing to trade above the 1.2500 handle early in Europe. USD/CAD attention to US data, oil Spot has bounced off recent multi-month lows just below the 1...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 08:05
EUR/GBP Seems Set to Extend Last Week Gains The EUR/GBP pair surged past 0.7800 handle on Friday and adding some more weight to 0.7855 on Monday has retraced a bit to dip below 0.7850 level. The pair has been witnessing corrective move from April highs and now seems to found strong support near 0...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 08:02
Daily Analysis of USDX for May 02, 2016 We could be in front of a possible double bottom pattern on the H1 chart, where the USDX is finding strong support around the 93.72 level...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 08:00
EUR/JPY Halts 2-Day Sell-off, Regains 122 Handle The EUR/JPY battering seen last week appears to stall this Monday, with the JPY bulls having taken a backseat ahead of the key US NFP release. EUR/JPY moves-off 3-year low The EUR/JPY pair now gains 0.12% to 122...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 07:56
Daily Analysis of GBP/USD for May 02, 2016 GBP/USD has been dealing with the strong resistance around the 1.4633 level, in which a breakout could produce another rally to reach new lows, possibly toward the 1.4722 level, which is a key level for sellers, who are highly active...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 07:53
EURUSD: Looks To Strengthen Further With Caution EURUSD: With EURUSD closing higher the past week, further recovery is envisaged. However, it faces its key over head resistance located at 1.1464 level. Support lies at the 1.1400 level. Further down, support comes in at the 1...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 07:47
EUR/USD Advances Further, Closer to 1.15 The single currency is extending its upside momentum at the beginning of the week, taking EUR/USD to the 1.1480 area. EUR/USD focus on Draghi, PMIs After hitting fresh 2016 highs just above 1...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 07:43
Guide to Today's Important Data and Events Lots of economic dockets scheduled for today and some with high risks associated. Data released so far – Australia – TD securities inflation grew 1.5% y/y in April, slower than 1.7% registered in March...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 07:40