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GBP/USD Remains Capped by 1.4700 GBP/USD entered a consolidation phase over the last hours and continues to trade just below the 1.47 mark, in the absence of catalysts to trigger moves in the FX space. GBP/USD peaked at 1.4695 earlier on the day but lacked momentum to overcome the 1...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 20:38
We expect the RBA will be forced to pull the trigger and ease rates at the meeting on 3 May with both headline and ‘core’ inflation falling well below the target band...
Analytics & Forecasts
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Vasilii Apostolidi, 2 May 2016, 20:33 #forex
Talking Points: GBPUSD Technical Strategy: Keeping Bearish view Elliottwave Count: ZigZag Correction will be our primary choice in count GBPUSD Start showing divergence on daily bearish trenline and 240min newly created bullish trendline. Current level 1.4650-1...
Wave Count
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hoagtrading, 2 May 2016, 19:23
EUR/USD Regains 1.1500, Hovers Near 8-Month Highs EUR/USD managed to regain the 1.1500 level and consolidates gains near recent highs as the greenback continues to underperform across the board. EUR/USD climbed to a peak of 1...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 18:21
NZD/USD Approaches April Highs NZD/USD hit the highest level in almost two weeks at 0.7023, but so far it has been unable to consolidate on top of 0.7000. The pair still holds a bullish tone amid a weak US dollar across the board. Currently, it trades at 0.7010, up 0.45% for the day so far...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 18:17 #nzdusd
Weekly Review for 02-06.05.2016 The decisions of the central banks of New Zealand, USA and Japan last week caused the decline in the USD, especially in the pair with Euro and Yen. Due to the facts that the US Fed left interest rate unchanged at the level of 0...
Market News
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Roberto Jacobs, 2 May 2016, 17:59
USD/CHF Hits Fresh 2-Week Lows The Swiss franc is rising against the US dollar for the sixth day in a row and today it reached the highest level since April 12. USD/CHF broke below 0.9565 and bottomed at 0.9539, after the release of lower-than-expected US economic data...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 17:51 #usdchf
EUR/JPY Extends Recovery and Rises Toward 123.00 The euro is rising against the yen, attempting to move off a key support area located around 121.60/70, that capped the decline twice in April. EUR/JPY is up today after falling more than 400 pips during the previous two trading days...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 17:47
US Dollar Off Lows, Back to 92.80 After a brief knee-jerk to 92.60, the US Dollar Index seems to have found some buyers and has now returned to the 92.80/85 band...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 17:43
EUR/USD Peaks Above 1.1500 and Retreats EUR/USD retreated from fresh 8-month highs and it is hovering around the 1.1500 level despite data showed US manufacturing sector expanded less than expected in April. EUR/USD peaked at 1...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 17:42
FxWirePro: Gold Hits Fresh 15-Month High, Scope for Further Upside The yellow metal surged higher on Monday as the bright metal was lifted higher by weak dollar and negative US factory data. Data released from the US market showed index of national factory activity slipped to 50...
Metals
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Roberto Jacobs, 2 May 2016, 17:39
Oil Drops Sharply, Back to $45.00 Handle As the US session got underway, WTI crude oil futures turned sharply lower, retesting $45.00/barrel mark as investors seems to take some profits off the table after the commodity's sharp rise in April...
Crude Oil
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Roberto Jacobs, 2 May 2016, 17:36
USD/JPY Sidelined Around 106.60 Post ISM USD/JPY is posting decent gains on Monday, with the Japanese currency giving away part of the recent strong advance...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 17:33
GBP/USD Trims Gain from Around 1.4700 Level The GBP/USD pair pared some of its gains from the vicinity of 1.4700 mark and dropped back to 1.4660 level. The pair continues to climb heights and moved to session high of 1.4696, inch closer to 1...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 17:31
Dear friends, This week (May 1 - May 7' 2016) we have 11 high impact news release schedule which maybe tradable to make profit. See the schedule in the below chart and Time mentioned "New York Time". Monday, May 2, 2016 USA Manufacturing PMI...
Analytics & Forecasts
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Pankaj D Costa, 2 May 2016, 17:07
FxWirePro: CAD/CHF Faces Strong Resistance at 0.7750, Good to Buy at Dips Major resistance – 0.7750 (Double top) Major support- 0.7600 The pair has made a high of 0.77356 and slightly declined from that level. It is currently trading around 0.76485...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 15:16
EUR/GBP Reversing from 50-Day SMA, Holds Above 0.7800 Level The EUR/GBP pair failed to extend its up-move on Monday and has now dropped to day's through near 0.7825 level. At the start of the European session, the pair managed to climb to 0...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 15:11
EUR/USD Bullish Short-Term – Scotiabank Shaun Osborne, Chief FX Strategist at Scotiabank, noted the bullish outlook for the pair in the near-term. Key Quotes “The late April softness in EURUSD that we thought was the prelude to a dip towards 1.10 proved to be no such thing”...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 15:09
AUD/USD Keeps its Bearish Stance Medium Term – Rabobank The prospects for the Aussie dollar remain tilted toward the bearish side in the medium term, suggested Jane Foley, Senior FX Strategist at Rabobank. Key Quotes “Australia’s unemployment rate dropped to a 2.5 yr low at 5...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 15:07
Oil Erases Early Losses, Touches $46.00 Level WTI crude oil futures erased all of its early losses to move back towards $46.00 mark. The commodity is currently trading near $45.95, with some marginal gain from its Friday's close of $45.92. On Friday, crude oil gave up its gains from $46...
Crude Oil
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Roberto Jacobs, 2 May 2016, 14:26