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Daily Market Our View 02/05/2016

EUR/USD

Long position above 1.1365. Target 1.1495. Conversely, break below 1.1365, to open 1.129.

Comments: The pair remains supported. Further advance favored.

GBP/USD

Long position above 1.452. Target 1.467. Conversely, break below 1.452, to open 1.4465.

Comments: The pair is expected to resume advance after correction.

USD/JPY

Our View: Short position below 108.75. Target 106.1. Conversely, break above 108.75, to open 109.9.

Comments: The pair hits support and bounces.

AUD/USD

Short position below 0.769. Target 0.753. Conversely, break above 0.769, to open 0.772.

Comments: The pair is expected to resume descend after correction.

GOLD

Long position above 1271. Target 1298. Conversely, break below 1271, to open 1265.

Comments: The pair remains supported. Further advance favored.

CRUDE OIL

Long position above 44.9. Target 47.25. Conversely, break below 44.9, to open 44.35.

Comments: The pair is expected to resume advance after correction.

DOW JONES

Short position below 17790. Target 17550. Conversely, break above 17790, to open 17880.

Comments: The pair remains under pressure. Further weakness favored.

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