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Brexit Fears Eased Further This Week News this week In general, opinion polls continue to indicate a close race, with ‘remain' slightly ahead...
Currency
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Roberto Jacobs, 27 May 2016, 16:25
EUR/USD: Levels, Ranges, Targets Today's EUR/USD price is well balanced. Overall, long and short term remain in struggles against each other. EUR/USD wants to fly higher but lacks ability. EUR/USD troubles begin at upper 1.1200's and its why we see today's upper range break at 1.1296...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 16:19
Forex Technical Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD Analysis for May 27th, 2016 EURUSD, "Euro vs US Dollar" Eurodollar has completed the first ascending wave as a correction and is expected to continue falling to reach 1.1100...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 16:14 #USDRUB, usdchf, gold
AUD/USD Back Below 0.7200 AUD/USD slid back below the 0.72 mark at the beginning of the New York session as the dollar strengthened slightly despite below expectations US GDP revision. AUD/USD dropped below the 100-hour SMA and hit fresh daily low of 0.7195 before finding support...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 16:06
USD/RUB Advances to Highs Near 66.20 The Russian currency is depreciating further vs. the greenback on Friday, pushing USD/RUB to print fresh peaks near 66.20. USD/RUB higher on oil drop, looks to Yellen The pair has quickly left behind the critical barrier at 66...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 16:03 #USDRUB
WTI Retreats Further, Breaches $49.00 Crude oil prices are posting losses for the second straight session so far, with the American benchmark for the sweet light crude oil around $49.00 per barrel...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 16:01 #WTI
Gold Downward Spiral Extends for Eight Consecutive Session On Friday, Gold extended its downward trajectory for eight consecutive trading session, its longest losing streak since Oct. 2015, to currently trade around 100-day SMA near $1215...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 15:58 #gold
NZD: Resistant to Local Factors - ANZ Research Team at ANZ, suggests that the NZD remains a strong currency despite signs of hardship within the NZ dairy sector...
Currency
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Roberto Jacobs, 27 May 2016, 15:55
USD/CAD Climbs to Highs Near 1.3070 The greenback is gathering further steam vs. its Canadian peer today, now lifting USD/CAD to test fresh tops in the 1.3060/70 band. USD/CAD up up up its goes Spot is stretching out its recent break above the psychological 1...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 15:53
GBP/JPY Corrects for Second Day Running, Moves Closer to 160.00 Level After rising above 100-day SMA for the first time since Nov. 2015 to a four-week high level of 162.53, the GBP/JPY pair erased majority of its weekly gains and has now dropped back close to the 160.00 psychological mark...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 15:50
EUR/USD Keeps Lows Post-US GDP EUR/USD remained mostly apathetic following the release of US GDP figures, keeping the trade in the lower end of the daily range around 1.1170...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 15:44
GBP/USD Unmoved After US GDP Release, Holds in Red Below 1.4650 The GBP/USD pair held steady below 1.4650, with a minor downward reaction to 1...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 15:42
CAD: Bank of Canada in Wait-and-See Mode – Commerzbank Dr Jörg Krämer, Chief Economist at Commerzbank. Suggests that economic risks resulting from the lower oil price had prompted the Bank of Canada (BoC) to lower key interest rates to 0...
Currency
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Roberto Jacobs, 27 May 2016, 15:38
AUD: Vulnerabilities to Remain – ANZ Research Team at ANZ, suggests that impending risks are not fully priced into the AUD and they continue to forecast a lower AUD by year end. Key Quotes “The AUD has sold-off sharply over the last month...
Currency
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Roberto Jacobs, 27 May 2016, 14:27
Swiss Francs: At the ECB’s Mercy – Commerzbank Dr Jörg Krämer, Chief Economist at Commerzbank, suggests that the Swiss economy has so far coped well with the discontinuation of the EUR-CHF exchange rate floor...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 14:25
EUR/USD Drops to Session Low Ahead of US GDP Release In last one-hour, the US Dollar seems to have gained traction, leading to a sharp decline for the EUR/USD pair back below 100-day SMA support to currently trade at session low...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 14:19
USD/JPY Further Choppy Trade Ahead – UOB USD/JPY is expected to trade in a broad consolidative range between 108.80 and 110.60 in the next weeks, according to analysts at UOB Group. Key Quotes “While the strong 110...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 14:16
GBP: Brexit Referendum Overshadows Everything – Commerzbank Dr Jörg Krämer, Chief Economist at Commerzbank, suggests that on 23 June, a referendum will be held on UK membership of the EU which increases uncertainty which has allowed the GBP to depreciate markedly and the options market also refle...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 14:13
USD/CAD Inches Higher to 1.3040 as Oil Slides Further As oil retreat from the much talked above $50.00 psychological mark, the USD/CAD pair extended its Thursday's bounce off 50-day SMA support to currently trade comfortably above 1.3000 handle at 1.3040. Extending its decline from $50...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 14:10
USD GDP: What to Expect of EUR/USD The main highlight in today’s US docket will be the release of another revision of the GDP figures for the first quarter. Market consensus expects the economy to have expanded at an annualized pace of 0.9%, up from the previous 0.5% gain...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 14:07