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Technical Analysis of USD/JPY for May 19, 2016 USD/JPY is expected to trade with a bullish bias. Overnight US stock indices pared gains to end little changed after the latest minutes of the US Federal Reserve's monetary policy meeting indicated that interest rates could still be raised in June...
Global Macro Overview For 19/05/2016 The FOMC meeting minutes from last month were released yesterday afternoon...
Analytics & Forecasts
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Roberto Jacobs, 19 May 2016, 10:06
Technical Analysis of USD/CHF for May 19, 2016 USD/CHF is expected to trade in a higher range as the pair stands firmly above its horizontal support at 0.9805 and is expected to challenge its nearest resistance at 0.9890 in sight...
Elliott Wave Analysis of EUR/NZD for May 19 - 2016 Wave summary: With the break above minor resistance at 1.5582, the first minor signal of a bottom being in place at 1.6538 has been given. We will now be looking for a clear break above minor resistance at 1...
Analytics & Forecasts
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Roberto Jacobs, 19 May 2016, 09:41
Elliott Wave Analysis of EUR/JPY for May 19 - 2016 Wave summary: It should be just a matter of time before a new strong rally to 124.65 and higher towards 126.47 is seen. We still need a break above the important resistance at 126...
Analytics & Forecasts
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Roberto Jacobs, 19 May 2016, 09:37
Technical Analysis of NZD/USD for May 19, 2016 NZD/USD is under pressure. The pair has struck against its key resistance at 0.6775 and is turning down now. Both the 20-period and 50-period moving averages are heading downward, which should call for a new pullback...
Technical Analysis of GBP/JPY for May 19, 2016 GBP/JPY is expected to trade in a higher range as the bias remains bullish. Currently trading at 160.65, the pair stands above its support at 159, while the 20-period moving average stays above the 50-period one...
Technical Analysis of USD/CAD for May 19, 2016 General overview for 19/05/2016: The wave (iii) impulsive progression is developing as anticipated as the wave (i) top has been violated and now it will act as support for the price...
Technical Analysis of EUR/JPY for May 19, 2016 Technical outlook and chart setups: The EUR/JPY pair is seen to be trading at 123.45 levels at this moment, after reversing from 123.90 levels yesterday. The pair should remain in control of bears till prices stay below 124.60 levels going forward...
Technical Analysis of Silver for May 19, 2016 Technical outlook and chart setups: Silver dropped lower towards $16.70 levels yesterday before pulling back higher. The metal is seen to be trading at $16.81 levels at the moment, looking to rally further at least towards $17...
Technical Analysis of Gold for May 19, 2016 Technical outlook and chart setups: Gold has dropped lower and is seen to be trading at $1,258.00 levels, looking to pull back higher for now before turning bearish again. Please note that the yellow metal has again found support around fibonacci 0...
Daily Analysis of USDX for May 19, 2016 On the H1 chart, USDX has been trading into a bullish bias, after it received with a good shape the news from the FOMC minutes, which showed that a rate hike in June of this year is highly possible. The nearest resistance is located at the 95...
Analytics & Forecasts
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Roberto Jacobs, 19 May 2016, 09:09
Daily Analysis of GBP/USD for May 19, 2016 GBP/USD had a strong bullish momentum during yesterday's session, as the pair reacted in a positive way to the good indicators released in the UK. Currently, it's facing off the resistance level of 1.4622, where a pullback can happen towards the 1...
Analytics & Forecasts
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Roberto Jacobs, 19 May 2016, 09:04
Oil Drops -1.5% Amid Growing Supplies, Stronger USD Oil benchmarks on both sides of Atlantic dives deeper in the red this Thursday, extending heavy losses witnessed a day before, as rising US crude supplies and Iran’s output dampened the sentiment around the black gold...
Crude Oil
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Roberto Jacobs, 19 May 2016, 09:01
Daily Analysis of Major Pairs for May 19, 2016 EUR/USD: This currency trading instrument went downwards on Wednesday – just in the opposite direction to the USD/CHF. The EMA 11 is below the EMA 56, while the RSI is below the level 50...
Analytics & Forecasts
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Roberto Jacobs, 19 May 2016, 08:56
FxWirePro: USD/INR Hits Fresh 1-month High at 67.26, Intraday Bias Remains Bullish USD/INR is currently trading around 67.22. It made intraday high at 67.26 and low at 67.12 marks. Intraday bias remains bullish till the time pair holds key support at 66.82 marks. A daily close above 67...
Analytics & Forecasts
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Roberto Jacobs, 19 May 2016, 08:34
FxWirePro: EUR/GBP Downside Stalls at 38.2% Fib, Break Below Needed for Further Downside - Short on Break Below 0.7683 British currency outperformed its major rivals, boosted by Brexit polls results that showed an increase in favor of the “stay” position...
Analytics & Forecasts
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Roberto Jacobs, 19 May 2016, 08:29
#Fed minutes rarely entail such a strong market response, but not when the words of Fed members disagree with the expectations of traders. Yesterday, the #dollar soared against all the competitions after Yellen's unpredictable comments. Find out more by checking out the Source Link...
Gold Breaks Major Support $1256, Decline Till $1230 Is Possible - Good to Sell on Rallies Major support - $1256 (200 day 4H MA) Major intraday resistance - $1265 The yellow metal has declined drastically on stronger dollar and declined 1.5% yesterday...
Metals
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Roberto Jacobs, 19 May 2016, 08:25 #gold
Australian Bonds Plunge on Hawkish FOMC Minutes The Australian government bonds plunged on Thursday after minute release from the April FOMC meeting that indicated policymakers were in support of a move to raise rates in June if the economy supported it...
Market News
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Roberto Jacobs, 19 May 2016, 08:20