Roberto Jacobs / Profil

Oil: Bears Take a Breather, Steadies Before US Jobs, EIA Report After a sharp sell-off in the previous session, oil benchmarks on both sides of Atlantic look to stabilize on Wednesday as focus now shifts towards the key US ADP data and EIA inventory report...

EUR/GBP in Red Around 0.7900, UK Data Eyed EUR/GBP is snapping a 3-day positive streak on Wednesday, currently wobbling around the 0.7900 handle after testing highs near 0.7920 on Tuesday...

USD/CHF Ends 7-Day Losing Streak, Bounces to 0.9570 The bulls were offered much-needed respite from the broad based US dollar rebound, lifting the USD/CHF pair from multi-month troughs. USD/CHF heading towards 0.9600? Currently, the USD/CHF pair trades +0.24% higher at 0...

GBP/USD Back on the Bids Near 1.4550, UK PMI Eyed The GBP/USD pair brought a pause to its yesterday’s slide, now attempting a tepid-bounce towards daily highs as the US dollar recedes gains against its major rivals. GBP/USD: UK construction PMI in focus The GBP/USD pair trades +0.06% higher at 1...

JPY: Fiscal Stimulus in Focus – Nomura Yujiro Goto, Research Analyst at Nomura, notes that the USD/JPY continues to trade weakly, while Japan has its long holiday...

FxWirePro: USD/INR Opens Higher at 66.62, India's Service PMI Data in Focus USD/INR opened at 66.62 marks vs 66.52 previous close. Intraday bias remains bearish till the time pair holds key resistance at 66.75 marks. A daily close below 66.48 will take the parity down around key supports at 66...

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...