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USDJPY Trades Below 107 By Brenda Kelly US GDP fell short of expectations yesterday and ultimately puts into question the recent optimism emanating from the Federal Reserve. The US dollar softened across the board as the first quarter growth was revised sharply lower to 0.5% q/q annualised from 1...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 11:48
EUR/USD Dips Below 1.1400, GDP & Inflation Data Fail to Extend Support After a sudden spike through 1.1400 strong resistance, the EUR/USD pair pared gains and dropped to 1.1370 before recovering a bit to 1.1385 after the release of better-than-expected Euro-zone GDP data...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 11:43
EUR/GBP Circa 0.78 Post EU CPI/GDP EUR/GBP is trading last just above the 0.78 handle, barely moved following the release of the European CPI and prelim Q1 GDP data, with inflation coming worse than expected, while growth figures revealed an upside surprise...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 11:40
GBP/USD Drops to 1.4600 on Profit-Taking The GBP/USD pair dropped pared some of its early gains and reversed from 1.4664 to dip back towards 1.4600 round figure mark...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 11:37
FxWirePro: BTC/USD Recovers After Making a Low of $435, Good to Buy at Dips Major support -$435 BTC/USD has recovered after making a low of $435.It is currently trading around $449.67...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 11:34
Technical Analysis of Crude Oil for April 29, 2016 Technical outlook and chart setups: Crude oil is seen to be trading higher at 46.20 levels (spot) for now, looking to push higher towards 49.00 levels at least. Looking at the wave structure, a corrective rally is under way from 26...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 11:30 #crude oil
Technical Analysis of USD/CAD for April 29, 2016 General overview for 29/04/2016: Not much has been changed in this market as it is still trying to complete the triple zig-zag pattern in the big wave Z brown...
Technical Analysis of US Dollar Index for April 29, 2016 Technical outlook and chart setups: The US Dollar Index dropped lower today towards 93.36 levels before pulling back higher. The index is seen to be trading at 94...
Technical Analysis of Silver for April 29, 2016 Technical outlook and chart setups: Silver has finally taken out major resistance at $17.75/77 levels today. The metal printed a high at $17.80/82 levels before pulling back and should be looking to drop lower from here on...
Technical Analysis of Gold for April 29, 2016 Technical outlook and chart setups: Gold has pushed higher beyond $1,275.00 levels, taking out stops for now. The yellow metal has hit $1,280.00 levels today and is now trading at $1,274.00/75.00 levels. Still, $1,283...
Technical Analysis of USD/CHF for April 29, 2016 USD/CHF is expected to trade in a lower range as the pair is bearish within a declining channel. The pair remains under pressure within its descending channel and is likely to post further decline...
Technical Analysis of NZD/USD for April 29, 2016 NZD/USD is expected to trade in a higher range as the bias remains bullish. The pair stands firmly above its support at 0.6930 and remains on the upside. The 50-period moving average is also playing a support role and maintains a positive bias...
Technical Analysis of GBP/JPY for April 29, 2016 GBP/JPY is expected to trade in a lower range . Following yesterday's major collapse, the pair is now under pressure below its falling 50-period moving average...
Without doubt, USD / JPY is now in focus. It is recommended to consider opening short positions in a case of daily closing below 107.63. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 29 April 2016, 11:01 #Trading
Bulls in #Gold received a strong support from decline of risk appetite. To date, the yellow metal quotations have reached the upper limit of the current rising price channel. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 29 April 2016, 10:59 #Trading
The pressure on Canada The price action on the yen is indicative of a currency that has changed course. After yesterday’s substantial bout of yen appreciation, we’ve seen more gains overnight, this despite the holiday in Japan today...
Market News
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soubra2003, 29 April 2016, 10:48
Technical Analysis of EUR/JPY for April 29, 2016 Technical outlook and chart setups: The EUR/JPY pair has dropped lower, hitting 121.95 levels today. The pair seems to have made interim resistance at 126.40 levels yesterday before reversing sharply...
Technical Analysis of GBP/CHF for April 29, 2016 Technical outlook and chart setups: The GBP/CHF pair is seen to be trading at 1.1410/20 levels at this moment, looking to push higher towards 1.4290/1.4300 levels at least. The pair is expected to produce a meaningful retracement thereafter...
Elliott Wave Analysis of EUR/NZD for April 29 - 2016 Wave Summary: The corrective decline in red wave ii became deeper than expected with a low at 1.6196, but it seems to be over. A break above minor resistance at 1.6365 and more importantly a break above resistance at 1...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 09:54
Elliott Wave Analysis of EUR/JPY for April 29 - 2016 Wave summary: It has become a "Make it or break it" time. The low at 121.69 should be able to protect the downside, or our count will be wrong and will have to be ajusted. We will be looking for a break above minor resistance at 122...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 09:51