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Technical Analysis of USD/JPY for May 13, 2016 USD/JPY is expected to trade with a bullish Bias. Overnight, US stock indices, following oil prices' choppy trading path, ended narrowly mixed...
Technical Analysis of USD/CHF for May 13, 2016 USD/CHF is expected to trade with a bullish bias above 0.9680. The pair is pulling back now after yesterday's rallies. A strong support base around 1.4430 has formed and should limit any downward attempts...
Technical Analysis of NZD/USD for May 13, 2016 NZD/USD is expected to trade in a higher range as the bias remains bullish. The pair stands firmly above its nearest support at 0.6775 and is likely to post a new bounce...
Technical Analysis of GBP/JPY for May 13, 2016 GBP/JPY is expected to trade in a higher range. The pair stands above its support at 156.45 and is moving sideways around its 20-period and 50-period moving averages...
AUD/USD Drops to 0.7280, Session Lows The Aussie dollar depreciating further on Friday, relegating AUD/USD to the area of daily lows in the 0.7280 region. AUD/USD lower on USD-bids The pair is sharply lower today, trading in levels last seen in early March around 0...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 10:42
Elliott Wave Analysis of EUR/NZD for May 13 - 2016 Wave summary: We continue to see higher highs and higher lows indicating that an uptrend is building (no surprise in that), but we lack upside acceleration, which we think is because a series of wave one's and two's is building and if this is the...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 10:39
Elliott Wave Analysis of EUR/JPY for May 13 - 2016 Wave summary: With a high seen at 124.65, the first impulsive rally of the 121.46 low topped out just below our ideal target at 124.73. We are now looking for a correction in wave [ii] into the 122.68 - 123...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 10:35
Daily Forex Fundamental Overview Fundamental Analysis EUR “Today's data and the ongoing weakness of industrial surveys support our view that overall eurozone economic growth is set to slow from 1.5 percent last year to about 1.2 percent this year” - Capital Economics...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 10:29
EUR/USD Falls Further, Near 1.1330 The common currency keeps on the defensive today, with EUR/USD testing lows in the vicinity of 1.1330. EUR/USD weaker ahead of US data The pair is navigating 2-week lows in the area of 1.1330, intensifying its downside from recent peaks in the 1...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 10:24
EUR/GBP Awaits Trading Range Break-Out to Confirm Near-Term Direction The EUR/GBP pair remains trapped within a seven-day trading range to currently trade absolutely flat from yesterday’s close at 0.7870. The Euro bulls was not benefited by upbeat German GDP that posted a 0...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 10:21
Daily Analysis of USDX for May 13, 2016 USDX is currently doing a rebound above the 200 SMA on the H1 chart, and we can see another rally toward the 94.35 level on a short-term basis...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 10:18
Daily Analysis of GBP/USD for May 13, 2016 On the H1 chart, GBP/USD is still trapped in a range between the 1.4549 and 1.4430 levels, waiting to break some of those levels to reinforce the near-term trend...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 10:13
AUD/JPY More Bearish Below 80 Yen Level AUD/JPY has been neutral since January, trading between 80 and 86.50. In the short term, pair has turned more bearish, especially after dipping below the key 80 yen mark...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 10:10
GBP/JPY Faces Strong Support at 156, Break Below, Targets 154.40 Major support -156 (200 day HMA) Major resistance -158.50 GBP/JPY has retreated after making a high of 155.48.It is currently trading around 156.59. Minor weakness can be seen only below 156...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 10:05
NZD/USD Resumes its Down-Trend, Drops Back Below 0.6800 Handle After fading its spike to 0.6850 on Thursday, the NZD/USD pair dropped back below 0.6800 handle on slight lower-than-expected quarterly retail sales data from New-Zealand...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 09:34 #nzdusd
USD/CHF Climbs to Session High, Eyeing 0.9750 to Confirm Further Up-Move The USD/CHF pair maintained its bid tone through early European session and has gained traction in last one hour, lifting the pair to session peak level of 0.9735...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 09:31 #usdchf
GBP/USD Sell-Off Resumes, Breaches 1.44 Handle The recovery in the GBP/USD pair lost legs just ahead of hourly 100-SMA, and resumed the ongoing downward momentum amid rising demand for the greenback across the board...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 09:27
US Retail Sales to Guide USD trading On Thursday, USD trading remained technical in nature and confined to relatively tight ranges. Nevertheless, the dollar performed reasonably well given the lacklustre global sentiment...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 09:24
Buy #NZDJPY | Current Sentiment Our trade call earlier in the week was to buy NZDJPY around 74.15, with a stop-loss at 72.40 and a target of 75.70...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 09:21
Macro Events & News FX News Today European Outlook: Risk aversion is picking up, with stock markets continuing to head south in Asia, oil prices down and save haven assets rising. The EUR is little changed against the dollar...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 09:18