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USD/CHF Upside Capped by 0.9787/0.9834 So Far – Commerzbank According to Senior Technical Analyst at Commerzbank Axel Rudolph, further gains in spot could face a strong hurdle in the 0.9787/0.9834 band. Key Quotes “USD/CHF slipped below the April 19 low at...

JPY Strength Likely to Continue – Danske Bank Chief Analyst at Danske Bank Jakob Christensen sees the Japanese currency gathering further traction in the next periods. Key Quotes “The broad USD weakened further following the FOMC decision mid-last week...

GBP/USD Clinches Highs Near 1.4630 The sterling is now decoupling from the rest of the risk-associated assets on Monday, lifting GBP/USD to daily highs in the 1.4630 area...

Technical Analysis of Silver for May 02, 2016 Technical outlook and chart setups: Silver is seen to be consolidating between $17.70 and $17.90 levels today, after hitting fresh highs at $17.95 levels last week...

Technical Analysis of Gold for May 02, 2016 Technical outlook and chart setups: Gold is seen to be trading above $1,293.00 levels at this moment, consolidating its recent rally. As depicted here, the yellow metal should be heading towards $1,307.00/10...

Technical Analysis of EUR/JPY for May 02, 2016 Technical outlook and chart setups: The EUR/JPY pair is seen to be trading higher at 122.24 levels, after hitting lows at 121.45/50 levels last week. The drop from 126.40 levels looks to be an impulse (5 waves). A rally above 123...

EUR/USD Futures OI Increased by a Whopping 21K Last Friday Preliminary data from the CME Group shows that futures traders added new business aggressively in the 6E contract (EUR/USD) last Friday, as the Euro broke through a key area of resistance at 1...

Technical Analysis of GBP/CHF for May 02, 2016 Technical outlook and chart setups: The GBP/CHF pair dropped to 1.3917 levels today in early hours trade before pulling back sharply. The pair is trading above 1.4000 levels at the moment, looking to rally towards higher levels...

AUD/USD Retakes 0.7600, Focus on RBA The Aussie dollar is posting moderate gains early in the European morning, pushing AUD/USD once again above the 0.7600 handle. AUD/USD looks to the RBA The pair has recovered some ground after testing recent lows in the mid-0...

EUR/USD Erases Early Gains, Holds Above 1.1450 Ahead of Euro-Zone PMI The EUR/USD pair pared early Asian session gains and moved back to morning opening level of 1.1465 as investors wait to see the final print of Euro-zone PMI figures for the month of April...

Elliott Wave Analysis of EUR/NZD for May 2 - 2016 Wave summary: The very slow start of what we expect is a new major rally to above 1.6833 and much higher is still developing in a slow motion way. That said, we are currently looking for minor support at 1...

Elliott Wave Analysis of EUR/JPY for May 2 - 2016 Wave summary: EUR/JPY has broken below the important support at 121.69 (a low has been seen at 121.66). The break below 121.69 does open a window for a decline all the way to the 117.37 - 117.99 area before the corrective low is finally in place...

Technical Analysis of EUR/USD for May 02, 2016 When the European market opens, some economic news will be released such as the Final Manufacturing PMI, German Final Manufacturing PMI, French Final Manufacturing PMI, Italian Manufacturing PMI, and Spanish Manufacturing PMI...

Technical Analysis of USD/JPY for May 02, 2016 In Asia, Japan will release the Final Manufacturing PMI and the US will release some economic data such as the Loan Officer Survey, ISM Manufacturing Prices, Construction Spending m/m, ISM Manufacturing PMI, and Final Manufacturing PMI...

Oil Extends Retreat from 2016 Highs on Rising OPEC Output Oil benchmarks on both sides of Atlantic faded a tepid bounce and fell back in the red this Monday, extending its retreat from fresh 2016 tops...

USD/JPY Recovers a bit, 107.00 Level Eyed for Further Recovery On Monday, the USD/JPY pair has managed to register some minor recovery from 106.00 vicinity to currently trade near 106.55 level...

EUR/USD Could Struggle Near 1.1500 – Commerzbank Axel Rudolph, Senior Technical Analyst at Commerzbank, sees the pair’s upside struggling in the boundaries of 1.1500. Key Quotes “EUR/USD is still rising but now digs into resistance which remains to be seen at the 1.1465/95 April and October peaks...

AUD/NZD: RBA to be the Main Influence on Near Term Direction - Westpac Imre Speizer, Senior Market Strategist at Westpac, suggests that it’s a big week for AUD/NZD cross, with the RBA likely to be the main influence on near term direction...

USD/JPY: Modest Support from Buying on Dips but Upside Capped – Deutsche Bank Taisuke Tanaka, Strategist at Deutsche Bank, notes that the major lifers have unveiled their investment strategies for FY3/17 and they face a situation in which securing yields in excess of the assumed rate of return is...

Daily Analysis of Major Pairs for May 2, 2016 EUR/USD: The EUR/USD went upwards by 230 pips last week. The movement lasted a week and has resulted in a bullish bias in the market. The resistance line at 1...