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Analytics & Forecasts
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AynGannRand, 2 May 2016, 10:01 #xauusd, metals, gold
FxWirePro: EUR/GBP Holds Above Daily Cloud After Gap up Open, Good to Go Long With a Target 0.7925 EUR/GBP has broken range trade along trendline support. Price action has edged above the daily cloud. The pair opened with a gap-up after surging past 0...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 10:00
Silver Trades Well Above Major Resistance, Targets $18.45/$19 Major resistance- $17.75 (May 15th 2015) Silver has broken major resistance at $17.75 and jumped till $17.94 from that level. It is currently trading around $17.80. Short term trend is bullish as long as support $17...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 09:57 #silver
USD/JPY: Solid Support from Buying on Dips – Deutsche Bank Taisuke Tanaka, Strategist at Deutsche Bank, suggests that there is a solid support for USD/JPY from buying on dips and only slight upside constraint is from the hedging...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 09:53
Japan Warned by US Against Currency Devaluation - Rabobank Michael Every, Head of Financial Markets Research at Rabobank, notes that the US Treasury’s semi-annual currency report to Congress has just named Japan (along with Taiwan, South Korea, China, and Germany) as countries it is publicly warn...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 09:51
JPY: Japan is Back in a Mess - SocGen Research Team at Societe Generale, notes that it’s the softness of the Japanese data which stands out. Key Quotes “Global growth is back close to trend (better in China’s...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 09:49
Today is a bank holiday in the UK which means volumes are expected to be very light. The London session is light on economic data too. Start your week with the currency update below...
Weekly Trends
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Sherif Hasan, 2 May 2016, 09:47
USD/CHF Upside Capped by 0.9787/0.9834 So Far – Commerzbank According to Senior Technical Analyst at Commerzbank Axel Rudolph, further gains in spot could face a strong hurdle in the 0.9787/0.9834 band. Key Quotes “USD/CHF slipped below the April 19 low at...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 09:45 #usdchf
JPY Strength Likely to Continue – Danske Bank Chief Analyst at Danske Bank Jakob Christensen sees the Japanese currency gathering further traction in the next periods. Key Quotes “The broad USD weakened further following the FOMC decision mid-last week...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 09:43
There is 68% Probability that EURUSD will close low today or tomorrow ..Why? EURUSD have been rising for the last 5 consecutive trading days. RSI 2 periods is above 95% which is extreme over bought. EURUSD trading begin with an opening gap this week...
Analytics & Forecasts
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Muhammad Elbermawi, 2 May 2016, 09:41
GBP/USD Clinches Highs Near 1.4630 The sterling is now decoupling from the rest of the risk-associated assets on Monday, lifting GBP/USD to daily highs in the 1.4630 area...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 09:40
Chart: http://bi0l.blogspot.com/2016/05/eurusd-h4-weekly-forecast-2016-05-week1.html Weather (Weekly): Estimated levels of the week: Support (S1-w / S2 / S3 = 1.1283 / 1.1228 / 1.1137), resistance (R1-w / R2 / R3 = 1.1467 / 1.1524 / 1.1615). Key support levels (1st from 1.1307 to 1...
Analytics & Forecasts
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oleksandr bilokon, 2 May 2016, 09:40
Technical Analysis of Silver for May 02, 2016 Technical outlook and chart setups: Silver is seen to be consolidating between $17.70 and $17.90 levels today, after hitting fresh highs at $17.95 levels last week...
Technical Analysis of Gold for May 02, 2016 Technical outlook and chart setups: Gold is seen to be trading above $1,293.00 levels at this moment, consolidating its recent rally. As depicted here, the yellow metal should be heading towards $1,307.00/10...
Technical Analysis of EUR/JPY for May 02, 2016 Technical outlook and chart setups: The EUR/JPY pair is seen to be trading higher at 122.24 levels, after hitting lows at 121.45/50 levels last week. The drop from 126.40 levels looks to be an impulse (5 waves). A rally above 123...
Here’s the market outlook for this week:: Content courtesy of Tallinex Limited https://www.tallinex.com EURUSD Dominant bias: Bullish Last week’s upward move of 230 pips has resulted in a Bullish Confirmation Pattern on the 4-hour chart. The resistance line at 1...
Analytics & Forecasts
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1246536 Ernest G., 2 May 2016, 09:14
EUR/USD Futures OI Increased by a Whopping 21K Last Friday Preliminary data from the CME Group shows that futures traders added new business aggressively in the 6E contract (EUR/USD) last Friday, as the Euro broke through a key area of resistance at 1...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 09:12
Technical Analysis of GBP/CHF for May 02, 2016 Technical outlook and chart setups: The GBP/CHF pair dropped to 1.3917 levels today in early hours trade before pulling back sharply. The pair is trading above 1.4000 levels at the moment, looking to rally towards higher levels...
AUD/USD Retakes 0.7600, Focus on RBA The Aussie dollar is posting moderate gains early in the European morning, pushing AUD/USD once again above the 0.7600 handle. AUD/USD looks to the RBA The pair has recovered some ground after testing recent lows in the mid-0...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 09:06
EUR/USD Erases Early Gains, Holds Above 1.1450 Ahead of Euro-Zone PMI The EUR/USD pair pared early Asian session gains and moved back to morning opening level of 1.1465 as investors wait to see the final print of Euro-zone PMI figures for the month of April...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 09:04