Roberto Jacobs / Blog
FxWirePro: Nikkei225 Faces Strong Resistance at 100 Day EMA, Good to Sell on Rallies Major resistance - 17000 (100 day EMA) Major support - 16350 (10 day EMA) Nikkei index has declined yesterday after making a high of 16800.It is currently trading around 16484...
Just How Robust is the Mighty US Consumer? - ANZ Research Team at ANZ, suggests that when world growth splutters, producers have traditionally looked to the US consumer to save the day...
Commodities Stronger Across the Board - ANZ Analysts at ANZ noted that commodity markets were stronger across the board as the USD weakened and concerns over supply disruptions rose. Key Quotes: "Crude oil prices rose stronger after an EIA report showed inventories fell last week by 3...
Key Events Coming Up: BoE is the Highlight - Westpac Analysts at Westpac noted the key events taking place today. Key Quotes: "The Bank of England should keep rates at 0.5%, with policy firmly on hold ahead of the UK EU exit vote...
EUR/USD Finds Acceptance Above 1.14 Handle EUR/USD has found a balance area between 1.1420 and 1.1430 in Asia, with market makers keeping the pair in as tight a range as it gets, following the strong appreciation from 1.1370 lows up towards 1.1445 highs on Thursday...
AUD/USD on Free-Fall, Aus Data Weighs AUD/USD is trading under very heavy pressure following the release of the Australian consumer inflation expectation, which came at 3.2% in May vs 3.6% expected. Market remains dovish AUD on RBA rate cut expectations The pair exchanges hands at day lows of 0...
Asian Stocks Attempt Recovery Amid Improving Risk Conditions The persisting risk-off sentiment is seen easing towards the mid-Asian trades, allowing a solid recovery in the Asian equity markets as yen weakened across the board, boosting the energy stocks in the region’s indices...
USD/JPY in Recovery Mode Circa 108.50 USD/JPY has managed to recover off day lows, currently consolidating circa 108.50 mid round number, assisted by the Nikkei 225, which has paired its early losses and is currently trading down by only 0.4% around 16,500...
USD/JPY Targets 4HR 50 SMA at 107.45 USD/JPY has been sold off again as the Yen is battles back and now tests the 108.20 support taking USD/JPY over 100 pips lower than the highs scored at 109.36...