Roberto Jacobs / Profile

FxWirePro: NZD/USD Shrugs-Off Upbeat Jobs Data, Slips Below 0.69 Handle, Good to Sell Rallies NZD/USD reversed early spike on the back of upbeat NZ jobs data, and has slipped below the 0.79 handle...

EUR/USD Bears in Control, Targets 1.1450 Ahead of PMIs The selling pressure around the EUR/USD pair intensifies in a relatively quiet Asian session, with the greenback extending its rebound against its major peers amid resurgence of Fed rate hike talks...

Australia: Uncontroversial Budget with Few Risks to AAA Rating - Nomura Research Team at Nomura, suggests that the Australian budget looks likely to have little impact on macro and market prospects over the coming year or two...

FxWirePro: USD/JPY Bounces Off Strong Trendline Support, Back Above 107 Handle USD/JPY is extending recovery above 107 handle after hitting fresh 18-month lows at 105.54 on Tuesday's trade...

Asian Markets in Red As PBOC Devalued Yuan, Gold Back Below $1290 All the major Asian indices are trading on a lower note on Wednesday as PBOC set the Yuan reference rate at 6.4943 on Wednesday compared with 6.4565 a day earlier, showing a currency devaluation of around 0...

FxWirePro: Kiwi Falls on the Back of Higher Than expected Unemployment Rate AUD/NZD is trading around 1.0858 marks. Pair made intraday high at 1.0877 and low at 1.0804 marks. Today New Zealand released employment data. New Zealand’s unemployment rate rose from a revised 5...

FxWirePro: ASX200 Declines After Making a High of 5378, Good to Sell on Rallies Major resistance - 5380 Major Support - 5140 (200 day MA) ASX200 pares early gains yesterday and declined till 5278 at the time of writing. It is currently trading at 5278...

Gold Extends the Drop in Asia Amid Broad USD Strength Gold extended its retreat from fifteen-month tops into a third day this Wednesday as the greenback keeps the bids amid renewed hopes of a Fed rate hike as early as this June. Gold trades around 5-DMA Currently, gold drops -0.45% to 1280...

EURUSD Daily Forecast: May 04 2016 EURUSD Forecast The EURUSD attempted to push higher yesterday topped at 1.1616 but whipsawed to the downside and closed lower at 1.1495, formed a shooting star candle stick formation as you can see on my daily chart below...

GBPUSD Daily Forecast: May 04 2016 GBPUSD Forecast The GBPUSD attempted to push higher yesterday slipped above the daily EMA 200 but whipsawed to the downside and closed lower at 1.4534. The bias is bearish in nearest term testing 1.4400 area. Immediate resistance is seen around 1.4600...

USDJPY Daily Forecast: May 04 2016 USDJPY Forecast The USDJPY was indecisive yesterday formed a Doji on daily chart as you can see on my daily chart below and hit 107.44 earlier today. The bias is bullish in nearest term testing 107.60, which is a good place to sell with a tight stop loss...

FxWirePro: Nikkei225 Faces Strong Resistance at 16600, Good to Sell on Rallies Major intraday resistance - 16200 Major support - 15800 Nikkei index slightly recovered after making a low of 15821.It is currently trading around 16048. Short term trend is bearish as long as resistance 16600 holds...

USDCHF Daily Forecast: May 04 2016 USDCHF Forecast The USDCHF attempted to push lower yesterday bottomed at 0.9443 but whipsawed to the upside and closed higher at 0...

NZD/USD Erases Jobs-Led Gains, Back in the Red Below 0.69 The NZD/USD pair reversed the early spike induced by upbeat NZ jobs data and fell sharply lower post-China open, having surrendered 0.69 handle. NZD/USD shrugs-off best Q1 jobs since 2004 Currently, the NZD/USD pair trades -0...

Asian Stocks Drop on Weaker Oil, Global Growth Concerns The Asian stocks snapped the previous rebound and fell sharply this Wednesday, tracking steep losses booked on the Wall Street overnight...

USD/JPY Regains Momentum, Back Above 107 Handle The USD/JPY pair is once again taking on the recovery above 107 handle, reversing a brief dip to session lows struck at 106...

AUD/USD: Overly Long Market Caught Wrong-Sided AUD/USD has come under strong selling pressure, yet again, at the open of market in China, last exchanging hands at fresh lows circa 0.7470, following the somewhat surprising 25bp rate cut by the RBA on Tuesday to a new record low interest rate of 1...

FxWirePro: USD/KRW Hovers Around Key Resistance at 1153, Intraday Bias Remains Neutral USD/KRW is currently trading around 1154 levels. It made intraday high at 1154 and low at 1150 levels. Intraday bias remains neutral till the time pair holds key resistance at 1153 levels...

AUD/NZD Bears Remain in Control, Tgt YTD Low 1.0539 AUD/NZD bears remain in control, despite the GTD price index shocker and the RBA rate cut, that was only 40% priced in continues to drive the cross off a cliff. AUD/NZD was at 1.1250 just last week and we have made recent lows of 1...

Yen is Top Performer for 2016 So Far - Nomura Analysts at Nomura explained that the Japanese yen (JPY) is the top-performing currency year-to-date...