All Blogs

To add a new post, please log in or register
EUR/GBP Attempts Recovery After Weak UK Data The recovery in the EUR/GBP pair is gathering pace after the UK trade deficit figure printed higher than estimates, while manufacturing production contracted sharply. Trades around 0.8070 The cross hovers around 0.8070 from the pre-data level of 0...
Analytics & Forecasts
  • 21
  • 2
Roberto Jacobs, 8 April 2016, 11:15
HedgeTrackTrader - new forex robot. APRIL 2016. This automated Forex trading system trades on 20 currency pairs. Author says that this Forex expert advisor using Cross Currency Hedging Technology make over 400% profit a year...
Trading Strategies
  • 294
  • 1
  • 1
ProfitF, 8 April 2016, 11:08 #forex
EUR/USD Still Neutral Near Term – UOB In view of analysts at UOB Group, EUR/USD keeps its neutral bias for the next 1-3 weeks. Key Quotes “EUR touched 1.1453 yesterday but dropped quickly from the high”...
Analytics & Forecasts
  • 24
  • 1
Roberto Jacobs, 8 April 2016, 10:37
US Oil Breaks Major Trend Line Resistance, Targets $39.35/$40 Major support - $36.80 (200 day 4HMA) Major resistance - $38 (trend line joining $40.11 and $38.26) US Oil has taken support near 200 day 4H MA and recovered from that level. It is currently trading around $38.16...
Crude Oil
  • 44
  • 1
Roberto Jacobs, 8 April 2016, 10:35
Swiss Fx Reserves Increases in Past 12 Months EUR/CHF was under moderate pressure in the past few days. It is now trading much below the mark of 1.09 again. The new exchange rate regime does not work to avert increase in balance sheet of SNB, according to Commerzbank...
Currency
  • 19
  • 1
Roberto Jacobs, 8 April 2016, 10:33
Oil Extends Gains, WTI Rises 3% Oil prices extended gains in Europe, with both benchmarks trading at least 3% higher on the day as traders cheered Fed’s bullish comments on economy and strong German data. At the time of writing, WTI futures were up 3.5% at $38.57/barrel. Brent futures traded 3...
Crude Oil
  • 18
  • 1
Roberto Jacobs, 8 April 2016, 10:29
USD/JPY Door Open for a Visit to 106.63 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, spot remains headed towards the 106.60 area. Key Quotes “USD/JPY remains on course for the 106.63/38.2% retracement of the move up from 2012”...
Analytics & Forecasts
  • 18
  • 1
Roberto Jacobs, 8 April 2016, 10:26
GBP/USD Clinches Highs Beyond 1.4100, UK Data Eyed A bout of buying interest in the risk-associated space has given extra wings to the sterling, helping GBP/USD to regain the 1.4100 handle and above...
Analytics & Forecasts
  • 15
  • 1
Roberto Jacobs, 8 April 2016, 10:24
USD/JPY Attempting Break Above Hourly 50-MA The corrective move in the USD/JPY strengthened further in Europe, with the pair making a failed attempt to break above hourly 50-MA located at 109.10 levels...
Analytics & Forecasts
  • 21
  • 1
Roberto Jacobs, 8 April 2016, 10:09
Technical Analysis of USDX for April 8, 2016 The Dollar index is showing signs of a possible reversal that is near. Several bullish divergence signals are given despite the new low. The trend remains bearish but dollar bears should be very cautious as a reversal could occur any time now...
Technical Analysis of Gold for April 8, 2016 Gold made an upward move yesterday towards the $1,240 critical resistance level but did not manage to break it. The weekly trend remains supportive but, in my overall view, long positions are preferred only after a deeper decline towards $1,170-$1,100...
US: Yellen Provides Balance to Previous Pessimism - MUFG Derek Halpenny, European Head of GMR at MUFG, notes that the Fed Chair Yellen was last night more eager to emphasise the positives while sharing the stage with the previous three Fed Chairmen – Volker, Greenspan and Bernanke...
Currency
  • 19
  • 1
Roberto Jacobs, 8 April 2016, 09:52
Treasury yields opened modestly lower coming out of overnight trading Thursday and then saw a good further rally in the New York morning before stabilizing at the day’s best levels through the afternoon, resulting in substantial gains across the curve at the close...
Analytics & Forecasts
  • 15
Batur Asmazoglu, 8 April 2016, 09:49
Asia Roundup: Antipodeans Head for Weekly Losses, Dollar steady After Hitting 17-Month Low Vs Yen - Asian Shares Extend Losses Market Roundup Japan FinMin Aso – Current FX moves one-sided, rapid moves undesirable, will take necessary steps vs FX moves as needed...
Market News
  • 28
  • 1
Roberto Jacobs, 8 April 2016, 09:49
FXWIREPRO: BTC/USD Trades Well Above $400, Good to Buy at Dips Major support - $400 BTC/USD has slightly recovered till $422 after making a low of $403.It is currently trading around $420.66. Short term trend is slightly bullish as long as support $400 holds...
Analytics & Forecasts
  • 18
  • 1
Roberto Jacobs, 8 April 2016, 09:44
Should BoJ Intervene in Yen? We at FxWirePro, think they should not. Even if they still do, it may not yield the result they are looking for. Reasons being simple – According to G20 agreement, currency intervention to exploit trade benefits through competitive devaluations are not to be practiced...
Currency
  • 17
  • 1
Roberto Jacobs, 8 April 2016, 09:41
European Stocks Advance as Commodity Shares Rally Oil price gains and the resulting rise in commodity shares pushed the major European indices higher in early trading on Friday. At the time of writing, pan-European Euro Stoxx 50 index was up 1.10%. Germany’s DAX and France’s CAC were up 0...
Market News
  • 54
  • 1
Roberto Jacobs, 8 April 2016, 09:38
Technical Analysis of USD/CHF for April 08, 2016 USD/CHF is expected to trade in a lower range as the pair is under pressure. The pair remains on the downside after swinging off yesterday's low of 0.9520, showing a pattern of lower highs...
Technical Analysis of NZD/USD for April 08, 2016 NZD/USD Intraday: Key resistance is at 0.6820. The pair remains weak below its nearest key resistance at 0.6820 and is likely to challenge its support at 0.6755 in sight...
The great JPY-funded carry trade unwind has started and is not yet complete, suggesting JPY staying in demand. Price activity ahead of this weekend will tell us about the Street's positioning...
Analytics & Forecasts
  • 28
Batur Asmazoglu, 8 April 2016, 09:33