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Technical Analysis of Gold for May 04, 2016 Technical outlook and chart setups: Gold is seen to be trading lower for the day at $1,280.00/81.00 levels, looking to rally one last time through $1,307.00/10.00 levels before reversing lower...
Technical Analysis of USD/CHF for May 04, 2016 USD/CHF is expected to trade with a bearish bias as the key resistance is at 0.9605. The pair has posted some bounces and is currently challenging its nearest resistance at 0.9605...
Technical Analysis of NZD/USD for May 04, 2016 NZD/USD is expected to trade in a lower range as the key resistance is at 0.6945. The pair remains under pressure below its horizontal resistance at 0.6945. The relative strength index stays below its neutrality area at 50 and lacks upward momentum...
Technical Analysis of GBP/JPY for May 04, 2016 GBP/JPY is expected to trade in a lower range. The pair failed to post a sustainable rebound after its 2% plunge triggered by the Australian central bank's surprise move to cut interest rates by 25 basis points...
Dollar’s Slide Interrupted - SocGen Kit Juckes, Research Analyst at Societe Generale, suggests that the dollar’s slide was interrupted yesterday as angst about the global economy overtook relative real yield trends as the dominant driver...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 10:03
Technical Analysis of EUR/JPY for May 04, 2016 Technical outlook and chart setups: The EUR/JPY pair seems to have hit initial resistance at 123.35 levels as expected yesterday before pulling back lower. Please note that the pair has reversed from fibonacci 0...
Technical Analysis of GBP/CHF for May 04, 2016 Technical outlook and chart setups: The GBP/CHF pair dropped lower yesterday hitting 1.3815/20 levels before pulling back. The pair has dropped beyond our expectations but still remains bullish...
USD/JPY Unable to Extend Recovery, Dips Back Below 107.00 The USD/JPY pair's early Asian session spike to 107.45 got sold into and the pair has now dropped back below 107.00 handle, shattering traders’ expectations of extending Tuesday's recovery...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 09:55
GBP/USD Bounces Off 1.4520 Ahead of PMI The sterling is posting meagre gains vs. the greenback during the European morning, taking GBP/USD to the area of 1.4540 for the time being. GBP/USD attention to PMI, US releases After climbing to fresh 4-month highs near 1...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 09:51
EUR/GBP Ticks Below 0.7900 Ahead of UK PMI The EUR/GBP pair dipped marginally below 0.7900 handle as investors now await for the release of UK construction PMI for further trading cues. Tuesday's disappointing UK manufacturing PMI dragged the British Pound lower against most major currencies...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 09:49
Elliott Wave Analysis of EUR/NZD for May 4 - 2016 Wave summary: We are finally seeing some upside acceleration. We are still and have for a long time now been looking for this acceleration...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 09:46
Elliott Wave Analysis of EUR/JPY for May 4 - 2016 Wave summary: With the break above short-term resistance at 122.95, the odds favor an important bottom is in place at the 121.66 low. We will now be looking for a new impulsive rally that will ultimately take us back above the 141.06 top...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 09:41
Technical Analysis of EUR/USD for May 04, 2016 When the European market opens, some economic news will be released such as the French 10-y Bond Auction, Retail Sales m/m, Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, Spanish Services PMI, Spanish...
Technical Analysis of USD/JPY for May 04, 2016 In Asia, today Japan will not release any economic data but the US will release some economic data such as Crude Oil Inventories, Factory Orders m/m, the ISM Non-Manufacturing PMI, Final Services PMI, Trade Balance, Prelim Unit Labor Costs q/q, Preli...
Daily Analysis of USDX for May 04, 2016 At H1 chart, USDX made some gains and broke the psychological level of 93.00, as the Index is trying to extend the correction of the decline held from April 22 on a short-term basis. The short-term resistance is located at the 93...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 09:31
Daily Analysis of GBP/USD for May 04, 2016 GBP/USD had a strong decline during yesterday's session as the Cable found resistance around the 1.4775 level, and afterwards the pair is looking to consolidate in sideways around the 200 SMA on the H1 chart...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 09:28
Yesterday, commodity currencies had their own "Black Tuesday". #AUD, #CAD and #NZD declined vs. the U.S dollar due to some fundamental and technical reasons. Find out more at http://bit...
EUR/USD is Overvalued - BNPP Research Team at BNP Paribas, remain positioned for further EUR/JPY and EUR/AUD upside...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 09:03
Sell EURSEK on Rallies – BNPP Research Team at BNP Paribas, suggests that following an upward revision to the Eurozone April manufacturing PMI, their economists see some upside risk to the final estimate of the services PMI initially reported at 53.2...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 08:58
EUR/USD Recovers but Still Below 1.1500 Handle The EUR/USD pair has moved within striking distance of moving back above 1.1500 handle, recovering from day's through level of 1.1476 ahead of the Euro-zone service PMI data. The pair on Tuesday witnessed a sharp reversal from intraday peak of 1...
Analytics & Forecasts
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Roberto Jacobs, 4 May 2016, 08:55