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AUD/USD Still Aims to 0.7850 – UOB Analysts at UOB Group expect the Aussie dollar to gather further pace to the mid-0.7800s. Key Quotes “There is no change to our bullish as we continue to expect the current AUD strength to move to 0.7850 (break above this level would shift the focus to 0.7935)”...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 11:32
EUR/GBP Could Slip Towards 0.7755/0.7654 – Commerzbank The European cross remains poised for a re-test of the 0.7755/0.7654 band, according to Axel Rudolph, Senior Technical Analyst at Commerzbank. Key Quotes “EUR/GBP remains below the February high at...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 11:29
USD/CAD Door Open for Further Decline – Westpac According to Richard Franulovich, Strategist at Westpac, the pair remains poised for further downside...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 11:26
USD/RUB Off 2016 Lows, Retakes 65.00 The Russian Rouble is now surrendering part of its recent gains vs. the dollar, with USD/RUB advancing to session highs near 65.40...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 11:17 #USDRUB
Technical Analysis of Silver for April 21, 2016 Technical outlook and chart setups: Silver rallies through fresh highs above $17.50 levels today. The metal is very close to taking out resistance at $17.75 levels...
Technical Analysis of Gold for April 21, 2016 Technical outlook and chart setups: Gold rallies to test recent highs at $1,260.00 levels, before pulling back. The yellow metal is trading around $1,257.00 levels for now, and might be looking to push through $1,266.00 levels which is the Fibonacci 0...
EUR/USD: Bearish: Diminished odds for further down-move. EUR touched a high of 1.1386 yesterday, holding just below the stop-loss for our bearish view at 1.1395. Despite the sharp drop from 1.1386, this pair has to crack the major 1.1230 support before a move towards our 1...
Renminbi Series: Is Yuan Depreciation Over? Depends How You Look After reaching as low as 6.6 per Dollar in January, Chinese Yuan has gained against Dollar to 6.45 level and has been consolidating there since late March. Chinese currency is now positive (+0.2) for the year...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 11:09
EUR/GBP Extends Rebound Towards 0.79 on Weak UK Data The EUR/GBP cross caught a fresh bid-wave and now looks to test 0.79 barrier following the release of poor UK retail sales data, which dropped for the second month in March...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 11:06
GBP/USD Challenges 1.4300 on Poor UK Data The sterling has come under renewed selling pressure, relegating GBP/USD to trade in the proximity of the 1.4300 key support...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 11:02
Ascending Triangle identified at 21-Apr-04:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 157.94 within the next 22 hours. Supporting Indicators : Upward sloping Moving Average Resistance Levels : ( B ) 157...
Charts
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Lahcene Ouled Moussa, 21 April 2016, 11:00
GBP/USD Still Neutral, Waits for a Break of 1.4455 – UOB Analysts at UOB Group have suggested GBP/USD needs to close above the 1.4455/60 band in order to turn bullish in the near term. Key Quotes “As indicated yesterday, despite the rapidly improving momentum, GBP has to close above 1...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 10:59
EUR/USD Rejected at 5-DMA, Back Below 1.13 ahead of ECB The EUR/USD pair turned back lower below 1.13 handle, reversing a spike to daily highs post-European open, as focus now remains on the ECB policy decision due later this session...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 10:56
EUR/USD Focus on 1.1234 – Commerzbank According to Axel Rudolph, Senior Technical Analyst at Commerzbank, the pair could attempt a test of the 1.1230 area, recent lows. Key Quotes “Even though EUR/USD yesterday traded back around the 1...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 10:54
AUD/USD Unable to Build on to its Gains Above 0.7800 Following its recovery from Wednesday's low of 0.7767 to back above 0.7800 mark, in-line with recovery in crude oil prices, the AUD/USD pair remains within a well-established narrow trading range...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 10:52
EUR/SEK Slumps to 2016 Lows Post-Riksbank The Swedish krona is now rapidly appreciating vs. its European peer, dragging EUR/SEK to the 9.1200 area. EUR/SEK lower on Riksbank’s QE The cross met further and increasing selling pressure after the Riksbank left its key interest rate unchanged at 0...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 10:50
Riksbank Begins to Backpedal - ING Rob Carnell, Chief International Economist at ING, notes that the Riksbank has announced purchase of an additional SEK45bn of government bonds over the second half of 2016 - scaling back from the first half while it announced no change to deposit rate at 0...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 10:48
GBP/NZD Recovery Stalls at 2.0600 Handle Following a smart recovery on Wednesday from sub-2.0400 mark to beyond 2.0600 handle, the GBP/NZD pair came off day's peak and on Thursday is trading with marginal gain, holding just below 2.0600 handle. Traders eying 2...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 10:46
Elliott Wave Analysis of EUR/NZD for April 21 - 2016 Wave summary: We are looking for a confirmation that a bottom is in place at 1.6062. A break above minor resistance at 1.6266 will be a good start, but to confirm the low, we need a break above resistance at 1.6499...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 10:03
GBPUSD has traded following our previous forecast and now it is preparing for another bullish run towards new highs. (Refer to our General Forecast). If we observe only the green count, the extension rules tell us that the next target should be ... Read More...
Analytics & Forecasts
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AynGannRand, 21 April 2016, 10:03 #Trading