Roberto Jacobs / Blog
USD/JPY Minor Weakness Only Below 108, Good to Go Long Major support – 108 (7 day EMA) Major resistance – 108.81 (21 day MA) USD/JPY has taken support near 7 day EMA and slightly recovered from that level. It is currently trading around 108.75. Minor weakness can be seen only below 108 level...
Gold: Offered at 10-DMA, Drops to Test $ 1270 The yellow metal failed to sustain two back-to-back sessions of gains and fell sharply in the Asian hours, having met fresh supply almost at 10-DMA. Gold finds support at $1270 Currently, gold trades -0.37% lower at 1272...
EUR/USD Consolidates in a Directionless Trading Session As risk-aversion strikes back, the EUR/USD pair is moving in a narrow trading band, consolidating Wednesday's gains ahead of the BoE's Super Thursday...
US: Moderate Growth Expected Through to 2018 - NAB Tony Kelly, Senior Economist at NAB, suggests that the U.S. economy had a weak start to 2016, but they forecast it to rebound, with moderate growth expected through to 2018...
Stressed FX Markets – Nomura Bilal Hafeez, Research Analyst at Nomura, suggests that if we rewind to the middle of February and markets were in turmoil and the S&P500 was plummeting to two-year lows, credit spreads were exploding higher and oil was testing $25 a barrel...
EM FX: Slow Down, You Move Too Fast – Goldman Sachs Kamakshya Trivedi, Research Analyst at Goldman Sachs, suggests that after a few months of rapid appreciation, EM FX is facing n a choppier period...
USD/JPY Tracks Nikkei Higher, 109 – a Whisker Away The extension of gains on the Japanese stocks further fuelled the risk-on sentiment and boosted the bids for USD/JPY, now pushing the rate closer towards 109 handle...
FxWirePro: USD/MXN Bullish Engulfing Appears Despite Shooting Star and Gravestone on Monthly - Don't Be Deceived With On daily charts of USD/MXN, shooting star candle occurred at 17.8410 followed by a bullish engulfing pattern candle also occurred at 17.8379 levels...
FxWirePro: Gold Dips in Early Asia and Now Stabilizes Above $1270, Intraday Bias Remains Neutral XAU/USD is currently trading around $1272 mark. It made intraday high at $1278 and low at $1271 levels. Intraday bias remains neutral till the time pair holds immediate support at $1272 marks...