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GBP/JPY Extends Decline to 156.00 The decline that started on Thursday after the Bank of Japan decided to leave monetary policy unchanged in the GBP/JPY pair continued on Friday. The pair dropped further and bottomed at 156.06, the lowest since April 19. So far, the area around 156...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 15:02
EUR/JPY Just Managing to Hold 122.00 Level Extending its sharp slid on Thursday, the EUR/JPY pair dropped back below 122.00 on Friday before witnessing a minor bounce off day's through to currently trade just above 122.00 mark. The 122...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 14:59
Yen Gaining Strength – BBH Research Team at BBH, suggests that part of the yen's strength reflects the weakness of the US dollar but another part of it looks independent of US developments...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 14:57
NZD/USD Could be Eyeing to Reclaim 0.7000 The NZD/USD pair continues to inch higher and has now moved above yesterday's high to trade near 0.6988, within striking distance of reclaiming 0.7000 handle...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 14:55 #nzdusd
EUR/GBP Breaks Through 0.7800 Strong Resistance The EUR/GBP rose to session high of 0.7809 before retracing slightly back to the very important 0.7800 handle. The current EUR strength is backed by better-than-expected EU GDP data that provided the required boost to lift the pair above 0.7800 mark...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 12:54
USD/CAD Drops to Fresh 10-Month Lows USD/CAD broke below 1.2510 (yesterday’s low) and fell to 1.2498 hitting the lowest level since July 1. Price remains near the lows, testing the 1.2500 area and holding a bearish tone...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 12:50
Prerequisite Reading: GBPUSD: Time to Take Profits The levels we have been calling out these weeks in GBPUSD have played out very well, and we can confidently state that GBPUSD wins the first place as the "best behaving pair of the month". The third wave seems to be completed as expected in the 1...
Analytics & Forecasts
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AynGannRand, 29 April 2016, 12:29 #technical analysis
XAU/USD: The Price of Gold has been Growing for the Fifth Day. Fundamental analysis of 29.04.2016. The price of gold has grown by almost 20% since the beginning of this year. The events of this week caused the rise in price of the precious metals...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 12:13 #xauusd
Daily economic digest from Forex.ee Stay informed of the key economic events Friday, April 29th USD/CAD remains under the bearish pressure today after weak USD GDP print and rising of the crude oil prices. Pair still expanding its multi-month lows near 1.25, for five consecutive weeks of losses...
Analytics & Forecasts
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EEAnalytics, 29 April 2016, 12:11
USD/JPY Hits 18-Month Low of 107.00 The USD/JPY pair extended its slide further during European session and has now dropped to 107.00 level, hitting an 18-month low level...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 12:05
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...