Roberto Jacobs / Blog
GBP/USD: Sellers Take Control in London, BoE Up Next GBP/USD has fallen sharply at the London open, printing its lowest for the day near 1.44 handle after successive topside failures through 1.4450 in Asia, which saw the risk sentiment improved a touch ahead of the BoE inflation report...
Technical Analysis of EUR/USD for May 12, 2016 When the European market opens, some economic news will be released such as Industrial Production m/m, French Final CPI m/m, and German WPI m/m...
Technical Analysis of USD/JPY for May 12, 2016 In Asia, Japan will release information on the Economy Watchers Sentiment indicator, 30-y Bond Auction, Bank Lending y/y, the BOJ's Summary of Opinions, and Current Account...
FxWirePro: Copper Bears Show Signs of Exhaustion Look closely at the highlighted area in the above chart, and you will find yesterday’s candle, which is a Doji, with apparently very long upper wick, which resembles closely to an inverted dragonfly or gravestone...
S&P Likely to Upgrade Indonesia's Sovereign Credit Rating The Indonesian markets are keen on a likely ratings upgrade by Standard and Poor’s after talks held with President Widodo earlier this week...
FxWirePro: Swedish Krona Gains ahead of CPI Data, Unemployment Rate Falls to 7.5 Pct EUR/SEK is currently trading around 9.2912 levels. It made intraday high at 9.3018 and low at 9.2832 levels. Intraday bias remains neutral for the moment. A sustained break above 9.2916 tests key resistances at 9...
GBP/JPY Breaks Minor Resistance 156.80, Targets 158.45/160 Major support -156.23 (100 day HMA) Major resistance -158 GBP/JPY has taken support near 100 day HMA and recovered from that level. It is currently trading around 157.09. Minor weakness can be seen only below 156.23...
RUB Likely to Continue on Weaker Path The Russian ruble has been able to halt its fee fall recently, aided by the Bank of Russia’s wary approach. But oil price stabilization is the primary reason. However, a tough task is still being faced by the Russian central bank...
Daily Analysis of USDX for May 12, 2016 On the H1 chart, the USDX found dynamic support at the 93.80 level, where we could expect a rebound towards the 94.06 level, if the 200 SMA holds in coming days...