Roberto Jacobs / Blog
Elliott Aave Analysis of EUR/JPY for May 12 - 2016 Wave summary: The correction in red wave [iv] turned into a triangle consolidation and should ultimately thrust higher towards 124.73 and maybe even slightly higher to 125...
Oil Output Disruptions to Erode Surplus, Demand May Surprise: IEA - Reuters According to a headline via Reuters, the International Energy Agency (EIA) was quoted on Thursday that Unplanned disruption to oil production in the likes of Canada, Nigeria or Libya could help run down a global overhang...
USD/CHF Drops Back to 0.9700 Handle, awaits Fresh Triggers The USD/CHF pair's intraday bias turned neutral as the pair erased a minor recovery to 0.9726 and dropped back to 0.9700 handle support. The pair has been facing strong resistance near 0.9755-60 area, marking 38...
FxWirePro: FTSE100 Faces Major Resistance at 5185, Good to Sell on Rallies Major support - 6100 FTSE100 has declined after making a high of 6173 yesterday. It is currently trading around 6111. Short term trend is slightly weak as long as resistance 6185 holds...
FxWirePro: AUD/JPY Faces Strong Resistance at 80.75, Good to Sell on Rallies Major resistance – 80.72 (10 day EMA) AUD/JPY has jumped after making a low of 78.17 on May 6th 2016. But the upside has been capped by 10 day EMA .It is currently trading around 79.85...
BoJ Intervention Threat: Lots of Barking - Westpac Sean Callow, Research Analyst at Westpac, suggests that rarely have we heard so many threats of intervention from Japanese officials without these being delivered...
UK: BoE Preview: Silence is Golden – ING Research Team at ING, suggests that as economic momentum stalls, the BoE’s challenge is to reflect near-term weakness in their forecasts without making a judgment on the referendum outcome...
GBP/JPY Consolidating Below 157.00 Level ahead of BOE Announcement The GBP/JPY pair is consolidating its Wednesday's reversal from 158.00 handle and is currently trading below 157.00 level ahead of the BOE announcements. The pair's near-term recovery from sub-154...
EUR/USD Attacks 1.1400, Ignores Negative European Equities The EUR/USD pair came under fresh selling pressure over the last hour, and now inches closer towards 1.14 handle as the US dollar picked-up strength against its major peers in an otherwise calm European session...