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Here’s the market outlook for this week:: Content courtesy of Tallinex Limited https://www.tallinex.com EURUSD Dominant bias: Bearish EURUSD dropped last week and closed below the resistance line at 1.1250. There is a bearish bias on this market, so the support lines at 1.1150 and 1...
Analytics & Forecasts
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1246536 Ernest G., 22 May 2016, 20:49
EUR/USD dropped to lower ground with the greenback doing most of the work. PMIs and two German surveys stand out. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD...
Analytics & Forecasts
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Francis Dogbe, 22 May 2016, 20:29
The dollar’s three-week rally is just the beginning, according to Deutsche Bank AG. A slump by the greenback earlier this year has “likely run its course,” analysts at the world’s second-largest currency trader wrote in a note Friday. The bank favors buying the U.S...
Currency
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Francis Dogbe, 22 May 2016, 20:26
GOLD: With GOLD extending it corrective weakness the past week, further decline is envisaged. However, with its price action on Thursday and Friday, we may see it return into its consolidation range. On the downside, support comes in at the 1,240...
Analytics & Forecasts
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FXTechstrategy.com, 22 May 2016, 20:24 #gold
Focus Shifts from USD/JPY to EUR/USD Next Week It has certainly been a busy week in the foreign exchange market with the dollar rising against most of the major currencies. Sterling was the only currency to outperform the greenback and we'll talk more about that later...
Analytics & Forecasts
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Roberto Jacobs, 22 May 2016, 19:09
Morgan Stanley FX Chart Of The Week: Sensitivity Analysis The US 2s10s curve has been flattening since the start of May. We have run a regression analysis of each currency vs the USD against changes in the US 2s10s curve...
Analytics & Forecasts
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Roberto Jacobs, 22 May 2016, 19:04
Some Upside Surprises in the Global Economy - Wells Fargo U.S. Review Economic Data Better Than Expected Economic data largely beat consensus expectations over the past week, with positive signs from the factory sector and homebuilding...
Market News
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Roberto Jacobs, 22 May 2016, 19:00
Analysis AUD/USD - FXStreet AUD/USD Current price: 0.7223 The AUD/USD pair closed in the red for fourth consecutive week, at 0.7223 a couple of pips above the 61.8% retracement of this year's rally...
Analytics & Forecasts
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Roberto Jacobs, 22 May 2016, 18:55
Analysis USD/JPY - FXStreet USD/JPY Current price: 110.16 The USD/JPY pair closed the week above the 110.00 level for the first time since the BOJ's April meeting disappointment, when the Central Bank decided to maintain its economic policy on hold...
Analytics & Forecasts
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Roberto Jacobs, 22 May 2016, 18:52
Analysis GBP/USD - FXStreet GBP/USD Current price: 1.4490 The enthusiasm over avoiding a possible Brexit began to fade on Friday, following a new poll that showed that the "leave" vote is slightly ahead of the "remain" vote, putting the Pound under selling pressure...
Analytics & Forecasts
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Roberto Jacobs, 22 May 2016, 18:49
Analysis EUR/JPY - FXStreet EUR/JPY Current price: 123.55 The EUR/JPY pair has been trading within a well-limited range during these past few days, as dollar's strength dominated the FX board, with both currencies swinging at the same pace against their American rival...
Analytics & Forecasts
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Roberto Jacobs, 22 May 2016, 18:45
EUR/USD: FED's Speakers to Gather Most of the Attention this Week EUR/USD Current Price: 1.1216 The EUR/USD pair closed in the red for a third consecutive week, with the greenback fueled by FOMC's Minutes pointing for a soon-to-come rate hike in the US...
Analytics & Forecasts
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Roberto Jacobs, 22 May 2016, 18:40
USD/JPY: Wave Analysis and Forecast for 20.05 – 27.05 Estimated pivot point is at the level of 109.67. Our opinion: In the short-term: sell the pair below the level of 109.67 with the target of 108.20...
Analytics & Forecasts
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Roberto Jacobs, 22 May 2016, 18:35
GBP/USD: Wave Analysis and Forecast for 20.05 – 27.05 Estimated pivot point is at the level of 1.4767. Our opinion: Sell the pair from correction below the level of 1.4767 with the target of 1.4320 - 1.40. Alternative scenario: Breakout and consolidation of the price above the level of 1...
Analytics & Forecasts
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Roberto Jacobs, 22 May 2016, 18:32
EUR/USD: Wave Analysis and Forecast for 20.05 – 27.05 Estimated pivot point is at the level of 1.1284. Our opinion: Sell the pair from correction below the level of 1.1284 with the target of 1.1060. Alternative scenario: Breakout and consolidation of the price above the level of 1...
Analytics & Forecasts
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Roberto Jacobs, 22 May 2016, 18:29
USD/CHF: Wave Analysis and Forecast for 20.05 – 27.05 Estimated pivot point is at the level of 0.9760. Our opinion: Buy the pair from correction above the level of 0.9760 with the target of 1.00. Alternative scenario: Breakout and consolidation of the price below the level of 0...
Analytics & Forecasts
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Roberto Jacobs, 22 May 2016, 18:25 #usdchf
USD/СAD: Wave Analysis and Forecast for 20.05 – 27.05 Estimated pivot point is at the level of 1.2966. Our opinion: Buy the pair from correction above the level of 1.2966 with the target of 1.3294 – 1.3540. Alternative scenario: Breakdown and consolidation of the price below the level of 1...
Analytics & Forecasts
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Roberto Jacobs, 22 May 2016, 18:03
S&P 500 drops below key 2035 support intra-day, but closes above, The day we would finally see a clean signal on the head-and-shoulders top we have been tracking in the S&P 500, but it wasn’t to be...
Analytics & Forecasts
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Andy Ismail, 22 May 2016, 16:35
EURUSD: With EURUSD weakening for a third week in a row, more downside pressure is envisaged. Support lies at the 1.1150 level. Further down, support comes in at the 1.1100 level where a violation will aim at the 1.1050 level. A break of here will target the 1.1000 level...
Analytics & Forecasts
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FXTechstrategy.com, 22 May 2016, 15:27
First, a review of last week’s forecast: - as to the forecast for EUR/USD, last week there was no consensus in regards to its future. Surprisingly all predictions panned out. 35% of experts backed by graphical analysis reckoned that the pair would gradually bounce off the support of 1...