Steen Jakobsen
The Bank of Japan has abandoned quantitative easing and the European Central Bank may taper its bond-buying programme, so what is the role of central banks in 2017, asks Saxo Bank’s chief economist Steen Jakobsen.
Squawk / 30 June 2016 at 6:26 GMT
Analyst / PIA First
United Kingdom
USD Index – We highlighted scope for a correction yesterday. This was correct with two mild set-back days in succession. The medium term bias is still bullish but there is a chance for a slight selloff at the open with 95.58 the prime support (current price 95.94).

I will be out of the office today so will be posting no new trade ideas. However, below is our prime resistance as support areas for USD majors:

EURUSD – resistance at 1.1118 and 1.1164-79 (prime) / support 1.1041 and 1.0950
GBPUSD – resistance at 1.3390 and 1.3620 (prime) / support 1.3295 and 1.3200
USDCHF – resistance at 0.9850 and 0.9925/ support 0.9786 and 0.9755 (prime)
USDJPY – resistance at 102.89 and 103.50 (prime) / support 102.12 and 101.50
USDCAD – resistance at 1.2980 and 1.3030 (prime) / support 1.2922 and 1.2900 (prime)
AUDUSD – resistance at 0.7450 (prime) and 0.7475 / support 0.7380 (prime) and 0.7330
Good luck
01 July
Anton Bushin Anton Bushin
Hi Ian, do you see AUDUSD goes down next week, month?
01 July
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
yes ... my last medium term report still holds. Today we are looking at selling at 0.7490
04 July
Anton Bushin Anton Bushin
Ian, thank you! what is your next level for sell set up related to AUDUSD?
04 July
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
we are trying to get short at 0.7540 today


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