All Blogs

To add a new post, please log in or register
Daily Analysis of GBP/USD for May 04, 2016 GBP/USD had a strong decline during yesterday's session as the Cable found resistance around the 1.4775 level, and afterwards the pair is looking to consolidate in sideways around the 200 SMA on the H1 chart...
Analytics & Forecasts
  • 34
  • 2
Roberto Jacobs, 4 May 2016, 09:28
Yesterday, commodity currencies had their own "Black Tuesday". #AUD, #CAD and #NZD declined vs. the U.S dollar due to some fundamental and technical reasons. Find out more at http://bit...
EUR/USD is Overvalued - BNPP Research Team at BNP Paribas, remain positioned for further EUR/JPY and EUR/AUD upside...
Analytics & Forecasts
  • 46
  • 2
Roberto Jacobs, 4 May 2016, 09:03
Sell EURSEK on Rallies – BNPP Research Team at BNP Paribas, suggests that following an upward revision to the Eurozone April manufacturing PMI, their economists see some upside risk to the final estimate of the services PMI initially reported at 53.2...
Analytics & Forecasts
  • 69
  • 1
Roberto Jacobs, 4 May 2016, 08:58
EUR/USD Recovers but Still Below 1.1500 Handle The EUR/USD pair has moved within striking distance of moving back above 1.1500 handle, recovering from day's through level of 1.1476 ahead of the Euro-zone service PMI data. The pair on Tuesday witnessed a sharp reversal from intraday peak of 1...
Analytics & Forecasts
  • 26
  • 1
Roberto Jacobs, 4 May 2016, 08:55
AUD/USD 2nd Trade Idea Overall AUD/USD bottoms 0.7004, 0.6920, 0.6918, 0.6855. Glenn Stevens a most talented and respected central banker in my estimation stated many times over the years in his complaints regarding AUD prices is he would like to see AUD/USD 0.6500 - 0...
Analytics & Forecasts
  • 61
  • 1
Roberto Jacobs, 4 May 2016, 08:49
EUR/USD Downside Appears Limited – Westpac Strategists at Westpac see the pair could struggle to drop further in the near term. Key Quotes “Sharp reversal off a critical resistance zone hints that a high may be in place for now”...
Analytics & Forecasts
  • 42
  • 1
Roberto Jacobs, 4 May 2016, 08:41
AUD/USD: Bulls Rescued by Stabilizing Oil, Regains 0.7500 The AUD/USD pair caught fresh bid-wave near 0.7470 region and swung back higher to 0.75 handle as a pause in the oil price sell-off underpins the sentiment. AUD/USD eyes on 0.7550 Currently, the AUD/USD pair advances 0...
Analytics & Forecasts
  • 37
  • 1
Roberto Jacobs, 4 May 2016, 08:37
USD Sell-Off Over? – Danske Bank Chief Analyst at Danske Bank Allan von Mehren believes the downside in the US Dollar could be almost over. Key Quotes “The sell-off in the DXY Index accelerated early on Tuesday, only to reverse later in the day”...
Analytics & Forecasts
  • 74
  • 1
Roberto Jacobs, 4 May 2016, 08:34
FxWirePro: AUD/USD Downside Pauses Above 38.2% Fib, Further Weakness on Breaks Below AUD/USD downside stalls just shy of 38.2% Fib of Jan to April rise at 0.7450, further downside can be seen only on breaks below...
Analytics & Forecasts
  • 33
  • 1
Roberto Jacobs, 4 May 2016, 08:22
Australian Bonds Rally on RBA Rate Cut, Weak Crude The Australian bonds rallied Wednesday for two consecutive days as investors pour into safe-haven assets after Reserve Bank of Australia lowered its interest rate by 25 bps to historic low of 1.75 pct...
Market News
  • 26
  • 1
Roberto Jacobs, 4 May 2016, 08:18
FxWirePro: Gold Struggles to Close Above $1300, Good to Sell on Rallies Potential reversal Zone - $1303 (May 2nd high) Gold has once again broken major psychological resistance $1300 and jumped till $1301.70 yesterday...
Analytics & Forecasts
  • 28
  • 1
Roberto Jacobs, 4 May 2016, 08:15
US Treasury: Another Warning for Japan – Westpac Sean Callow, Research Analyst at Westpac, suggests that in the US Treasury’s semi-annual FX report to Congress, there is no formal designation of currency manipulation but a new “Monitoring List” has been brought in, with the inaugural members Chin...
Analytics & Forecasts
  • 38
  • 1
Roberto Jacobs, 4 May 2016, 08:10
USD/CAD Retreats from Highs, Back Near 1.2720 The upside momentum in the greenback seems to be taking a breather ahead of the European open today, with USD/CAD easing some ground to the 1.2720 area...
Analytics & Forecasts
  • 35
  • 1
Roberto Jacobs, 4 May 2016, 08:06
NZD: Robust Labour Market Report - TDS Research Team at TDS, notes that the NZ’s Q1 labour market report was robust with the u/e rate jump from 5.4% to 5.7% due to the participation rate slightly outpacing a strong lift in employment (+1.2%/qtr...
Market News
  • 28
  • 1
Roberto Jacobs, 4 May 2016, 08:03
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...
Analytics & Forecasts
  • 62
  • 1
Roberto Jacobs, 4 May 2016, 07:54
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...
Analytics & Forecasts
  • 25
  • 2
Roberto Jacobs, 4 May 2016, 07:49
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...
Analytics & Forecasts
  • 32
  • 2
Roberto Jacobs, 4 May 2016, 07:45 #usdchf
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...
Analytics & Forecasts
  • 40
  • 1
Roberto Jacobs, 4 May 2016, 07:29
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...
Analytics & Forecasts
  • 34
  • 1
Roberto Jacobs, 4 May 2016, 07:19