All Blogs

To add a new post, please log in or register
ECB’s Constancio: ECB is Determined to Pursue Expansionary Policy Speaking at an event in London, ECB governing council member Constancio noted that the central bank’s monetary policy should remain expansionary...
Market News
  • 18
  • 2
Roberto Jacobs, 9 May 2016, 11:46
IPSOS Poll: Brexit Will Harm the EU More than the UK Latest poll conducted by IPSOS showed that the respondents believe that a Brexit would lead to a domino effect in other countries...
Analytics & Forecasts
  • 19
  • 2
Roberto Jacobs, 9 May 2016, 11:43
Cable Breaks Major Support 1.4400, Targets 1.4280/1.4240 Major support - 1.4400 (trend line joining 1.44437 and 1.44229) Major resistance -1.4450 (support turned into resistance) Cable has broken major support 1.4400 and declined till 1.43780 at the time of writing...
Analytics & Forecasts
  • 25
  • 2
Roberto Jacobs, 9 May 2016, 11:41
USD/JPY Bulls Unstoppable, 108 – a Whisker Away The rebound in the European stocks provided a fresh breath of air to the USD bulls, driving the USD/JPY further towards 108 handle...
Analytics & Forecasts
  • 20
  • 2
Roberto Jacobs, 9 May 2016, 11:36
EUR/USD Turns Negative Below 1.1400 The single currency is now losing momentum, sending EUR/USD to test lows in the 1.1390/80 band...
Analytics & Forecasts
  • 20
  • 2
Roberto Jacobs, 9 May 2016, 11:34
USD/CHF Reverses from 50-DMA, Dips Back Below 0.9700 Handle The USD/CHF pair witnessed some profit taking from the vicinity of 50-day SMA region (0.9725-30 area), dragging the pair to its session low level of 0.9693...
Analytics & Forecasts
  • 22
  • 2
Roberto Jacobs, 9 May 2016, 11:31 #usdchf
On Monday, the foreign exchange market continues to take a lead from Friday's U.S. employment data, and also from another disappointing data from China. #USDJPY has gained 0.4%, meanwhile #EURUSD almost does not move. Find out more by checking out the Source Link...
ell gbpusd @ 1.4422 tgt=1.4321 sl=1.4533 sell eurusd @ 1.1393 tgt=1.1325 sl=1.1461 buy usdcad @ 1.2929 tgt 1.2999 sl 1.2827 buy usdjpy @107.81 tgt=108.77 sl 106.58 buy nzdjpy@73.69 tgt=70.03 sl =73.27...
Forecasts
  • 90
  • 1
sathish kumar, 9 May 2016, 10:56
Technical Analysis of Silver for May 09, 2016 Technical outlook and chart setups: Silver has been trading sideways for 2 consecutive trading sessions between $17.25 and $17.45 levels respectively. The metal had reversed from $18.00 levels earlier and is trading at $17.40 levels for now...
Technical Analysis of Gold for May 09, 2016 Technical outlook and chart setups: Gold has dropped lower today and is trading at $1,280.00/81.00 levels for now. The metal might be supported at these levels and push higher one last time through $1,307.00/10.00 levels before reversing lower...
USD/JPY Now Focused on 105.00 – BBH Analysts at BBH have noted the relevance of the 105.00 handle amidst talks of BoJ intervention. Key Quotes “The dollar hit a low near JPY105.55 on May 3 before bouncing back to JPY107.50”. “Recall that the previous lows were in the JPY107.60-JPY107.70 area...
Analytics & Forecasts
  • 33
  • 3
Roberto Jacobs, 9 May 2016, 10:37
Technical Analysis of GBP/CHF for May 09, 2016 Technical outlook and chart setups: The GBP/CHF pair is seen to be stalling at 1.4020/50 levels and might be looking to reverse lower. The pair is trading at 1.4010 levels at this moment, and bears may want to push prices lower towards 1...
Technical Analysis of EUR/JPY for May 09, 2016 Technical outlook and chart setups: The EUR/JPY pair has bounced back after testing 121.40/50 levels today during early hours. It seems to be a double bottom in the making. The pair is trading at 122.66 levels for now, looking to continue higher...
EUR/USD: Further Downside on the Cards? – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, hinted at the possibility of a visit to the 1.1340 area in the short-term...
Analytics & Forecasts
  • 42
  • 2
Roberto Jacobs, 9 May 2016, 10:28
EUR/USD Potential Decline to 1.1300 – UOB In view of the research team at UOB Group, EUR/USD risks a test of the 1.1300 area in the next 1-3 weeks. Key Quotes “We just shifted to a neutral stance last Friday and there is no change to the view”...
Analytics & Forecasts
  • 52
  • 1
Roberto Jacobs, 9 May 2016, 10:24
EUR/CHF Sinks to Lows Near 1.1050 After a failed attempt to extend the recent breakout of the 1.1100 handle, EUR/CHF has now returned to the mid-1.10s, or daily lows...
Analytics & Forecasts
  • 46
  • 1
Roberto Jacobs, 9 May 2016, 10:21 #eurchf
Elliott Wave Analysis of EUR/NZD for May 9 - 2016 Wave summary: After a slightly deeper correction to 1.6479 a new rally quickly broke back above resistance at 1.6745, indicating that a low is now in place at 1.6479 and more upside should be expected in the coming days/weeks ahead...
Analytics & Forecasts
  • 20
  • 2
Roberto Jacobs, 9 May 2016, 10:18
Elliott Wave Analysis of EUR/JPY for May 9 - 2016 Wave summary: The price spiked lower on Friday to a low of 121.46 but was immediately rejected. This could be what we have been waiting for to secure the bottom for a new long-term rally back to 141.06 and higher...
Analytics & Forecasts
  • 19
  • 2
Roberto Jacobs, 9 May 2016, 10:15
As we wrote on Friday, ES-Mini: Tough Support; It Might Bounce!, we expected the market to start bouncing around the 2030 support region and completed the first corrective wave (A or 1) down from the highs...
Scalping
  • 56
  • 1
AynGannRand, 9 May 2016, 10:14 #technical analysis
Gold Slides Further, Drops Back Below $1280 Gold weakened on Monday and extended its weakness during European session and dipped back below $1280 to currently trade near session low of $1279. On Friday, gold spike to $1295 on the back of what seemed to be poor US jobs report...
Analytics & Forecasts
  • 16
  • 2
Roberto Jacobs, 9 May 2016, 10:11