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Technical Analysis of Gold for May 05, 2016 Technical outlook and chart setups: Gold has formed a bottom around $1,271.00/72.00 levels yesterday before turning higher again. Please note that the metal has bounced off the fibonacci 0.382 support as expected and discussed earlier...
Technical Analysis of EUR/JPY for May 05, 2016 Technical outlook and chart setups: The EUR/JPY pair seems to be pushing above 123.00 levels at this moment, looking to rise through 124.50 levels at least before reversing lower...
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Trading Systems
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Ian Ngonda, 5 May 2016, 10:26
Elliott Wave Analysis of EUR/NZD for May 5 - 2016 Wave summary: We now have a clear break above the red resistance line from 1.7223 confirming that wave [iii] of 3 is developing, so it should only be a question of time before the real upside acceleration is seen...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 10:24
Technical Analysis of GBP/CHF for May 05, 2016 Technical outlook and chart setups: The GBP/CHF is seen to be trading at 1.3900/10 levels, unchanged from yesterday. But please note that the pair has re-tested lows at 1.3815/20 levels and bounced back...
Elliott Wave Analysis of EUR/JPY for May 5 - 2016 Wave summary: The big question remains whether or not an important bottom is in place at the 121.66 low. The rally of the 121.66 level is in no way impressive, which raises the odds of one more decline below 121.66 for a move closer to 117.99...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 10:19
Daily Analysis of Major Pairs for May 5, 2016 EUR/USD: This pair went down by 150 pips at the start of this week and later got corrected lower after testing the resistance line at 1.1600...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 10:17
EUR/GBP Holding Above 0.7900 Ahead of UK PMI The EUR/GBP pair is trading with some minor weakness on Thursday but is still holding above 0.7900 handle ahead of UK services PMI...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 10:11
GBP/USD Clings to Gains Near 1.4500 After bottoming out in the area of 1.4490, GBP/USD has now recovered some pips and trades above the 1.4500 mark ahead of UK data. GBP/USD now looks to PMI Spot has faded the initial spike to daily tops near 1.4530 although buyers seem to have turned up around 1...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 09:55
US: Mixed Signals for Fed Policy Outlook - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the US dollar has remained on a firmer footing in the Asian trading session having rebounded more notably against commodity-related and emerging market currencies so far this week...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 09:53
Spring has Sprung in the US, Yet Again - SocGen Kit Juckes, Research Analyst at Societe Generale, suggests that yesterday’s strong US non-manufacturing ISM release (55.7 after 54.4 last month) dragged the composite index back up for a third month in a row...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 09:50
Daily Analysis of USDX for May 05, 2016 USDX continues to move sideways, but it's still trading into a corrective tone above the support zone of 92.91. The H1 chart is showing us that the price is close to the 200 SMA, where it could pull back to resume the decline...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 09:48
Daily Analysis of GBP/USD for May 05, 2016 The H1 chart structure is calling for a short-term bearish consolidation below the 200 SMA on the H1 chart, after the pair found resistance around the 1.4549 level...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 09:45
Oil Climbs Back Above $45.00 Level WTI crude oil prices got a boost on Thursday from a raging wildfire in Alberta, lifting the commodity back above $45.00 handle. of late, the black gold had been witnessing some selling pressure on renewed fears of oversupply...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 09:43
FxWirePro: AUD/CAD Extends Recovery from 6-Month Lows at 0.9453, Edges Above 61.8% Fib, Good to Buy Dips AUD/CAD is extending recovery from 6-month lows at 0.9453 hit post RBA surprise cut. The pair has cleared 61.8% Fib retrace of the Sept-Dec rally at 0.9539 and is currently trading at 0...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 09:41
UK Service PMI to Highlight Negative Impact of Brexit Uncertainty - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the Cable has been one of the hardest hit crosses by the recent rebound in the US dollar falling sharply after an intra-day high early this week at 1.4770...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 09:18
NZD/USD Recovers to Move Back Above 0.6900 Handle Extending its bounce from Wednesday's low of 0.6860, the NZD/USD pair rose above 0.6900 on Thursday and is currently trading at the day's peak of 0.6910. On Wednesday, the pair faded its spike to 0...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 09:11 #nzdusd
UK Services PMI Preview: What to Expect of GBP/USD? The GBP/USD pair deflates from daily highs as we head towards the European open, shrugging-off solid bounce staged by the oil prices. The major pares gains and trades around 1...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 09:09
USD/RUB: Downside Accelerated Below 64.34 – BBH Analysts at BBH suggested the pair could met further downside pressure following a break below 64.34. Key Quotes “USD/RUB retraced the entire November-January rise before this week’s correction”. “A break below the November 20 low near 64...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 09:05 #USDRUB
USD/CHF Better Bid Around 0.9580, Session Highs The USD/CHF pair is seen defending the bids amid broad based USD softness, as a lack of fresh fundamental drivers amid holiday-quiet markets, keep the major largely muted. USD/CHF fails near 0...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 09:03 #usdchf