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Dow Jones $DJIA Elliottwave Structure Looking for Extension Lower Short term Elliottwave structure suggests wave “b” is proposed over at 18173.54. Decline from there is unfolding as a double three structure where wave (W) ended at 17580.38 and wave (X) bounce ended at 17934.61...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 09:14 #Dow Jones
Cycle Trading: Awaiting Cycle Low Confirmation Stocks printed a bullish reversal on Friday, day 58. That was deep in its timing band for a daily cycle low. While stocks did close above the upper daily cycle band on Tuesday, we are still waiting on confirmation for the new daily cycle...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 09:09
Intraday FX market volatility has been high recently, driven in part by commodity volatility and few updates from the major central banks...
Analytics & Forecasts
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Batur Asmazoglu, 13 May 2016, 09:05
Copper - We Look to Sell at 21000 Copper - We look to Sell at 21000 (stop at 21200) Copper - Price action has posted a bearish Outside Day and is negative for short-term sentiment. Trades at the most negative level since 07/04/16. Little net movement overnight...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 09:05 #copper
EUR/USD Remains Vulnerable – Commerzbank In light of the recent price action, the pair is poised to remain under pressure, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “EUR/USD has started to erode its 2 month uptrend and 20 day ma at 1.1388/72”...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 09:00
Bulls Seems to Regain Control Over USD/CAD The USD/CAD pair extended its recovery from yesterday's low and is now trading comfortably above the mid-point of 1.2800-1.2900 handle. The pair's weakness on Thursday to 1...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 08:56
EUR/GBP: Trapped in a Range – Lloyds Bank Research Team at Lloyds Bank, suggests that the EUR/GBP move into day 7 of being trapped in a range between 0.7860 and 0.7950 and a break through support would suggest a deeper decline towards the 0.7750 key support again. Key Quotes “While over 0...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 08:54
EUR/USD Unimpressed by German Data, Dips to 1.1350 Having faced strong offers near 20-DMA (1.1378), the EUR/USD pair dropped sharply in early Europe, with the bulls unimpressed by upbeat German GDP figures. EUR/USD testing 1.1350 on German data Currently, EUR/USD trades -0...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 08:51
USD/JPY Could Aim for 110.00 Level, Downside Seems Limited On the last trading session of the week, the USD/JPY pair sentiment remains muted with a slight negative bias ahead of today's monthly retail sales and consumer confidence data releases from the US...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 08:47
On Friday, the speech of the #BOJ head #HaruhikoKuroda set the tone for trading. He noted that negative rates have a positive impact on the economy, and it supported the yen. At the moment, #USDJPY is trading at 108.76. Find out more by checking out the Source Link...
EUR/GBP Keeps Highs Near 0.7880 on German GDP EUR/GBP is posting moderate gains at the end of the week, although a clear break above the 0.7900 handle still remains elusive...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 08:45
AUD/USD Recovery Stalls ahead of 0.7300, US Data Eyed The AUD/USD pair is seen struggling to extend its recovery from ten-week lows over the past few hours, keeping the pair in a flat-lining around 0.73 handle. AUD/USD finds support well above 200-DMA at 0...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 08:08
USD: News and Data Flow Could well Provide Some Fresh Legs - Westpac Richard Franulovich, Research Analyst at Westpac, suggests that the news and data flow next week could well provide the USD with some fresh legs. Key Quotes “April headline CPI for example likely to print as high as +0.4/0...
Currency
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Roberto Jacobs, 13 May 2016, 07:56
Oil Corrects Lower ahead of Rigs Count Data, OPEC Report Oil benchmarks on both sides of Atlantic corrected lower on the final trading day of this week, reversing course from fresh 2016 peaks reached in the previous session on improved demand outlook...
Crude Oil
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Roberto Jacobs, 13 May 2016, 07:53
GBPUSD: 1.4500 -1.4515 On the Upside, 1.4310-1.4325 On the Downside BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 09:00 GMT): EURUSD: 1.1465-1.1480 on the upside, 1.1250-1.1265 on the downside. AUDUSD: 0.7420 -0...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 07:50
Where To Sell USD/JPY? - Credit Suisse USDJPY remains capped beneath resistance from the 61.8% retracement at 109.47, notes Credit Suisse Techs. "We would allow for a consolidation phase here with a break higher needed to see the recovery extend for 109...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 07:45
FxWirePro: USD/SGD Breaks Key Resistance at 1.3723, Intraday Bias Remains Bullish USD/SGD is currently trading around 1.3747 marks. It made intraday high at 1.3759 and low at 1.3727 levels. Intraday bias remains bullish till the time pair holds key support at 1.3723. A sustained close above 1...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 07:40
FxWirePro: Silver Refrains to Sustain Below Key Support at $16.88, Good to Buy on Dips XAG/USD is currently trading around $17.02 marks. It made intraday high at $17.07 and low at $16.86 levels. Intraday bias remains bullish till the time pair holds key support at $16.88 marks...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 07:38
GBP/USD Off-Lows, Flirts with Hourly 100-SMA Having bottomed out near 1.4425 region in early Asia, the GBP/USD pair is making recovery attempts to reclaim the midpoint of 1.44 handle, as dust settles over the BOE aftermath...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 07:35
US: Data Drought Finally Com Research Team at TDS, suggests that the US data drought finally comes to an end today with the release of retail sales, producer prices, business inventories and consumer sentiment...
Currency
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Roberto Jacobs, 13 May 2016, 07:33