Roberto Jacobs / Blog
EUR/USD Could Test 1.1465/95 Before a Leg Lower – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s upside could struggle around the 1.1465/95 band, triggering a potential correction lower. Key Quotes “EUR/USD has reached initial resistance at 1.1415/20, the 61...
Oil Sits at Fresh Multi-Month Highs, US Draw Underpins Oil benchmarks on both sides of Atlantic continue to flirt with eight-month tops amid ongoing USD selling and falling US crude supplies. US rigs count data eyed Currently, both crude benchmarks are extending into the green, with Brent at 52...
EUR/USD Wobbles Around 1.1400, Draghi Eyed The single currency has retreated from the area of session highs near 1.1420 vs. the greenback, now taking EUR/USD to the 1.1400 region...
Indicators Signaling AUD/NZD is Oversold While intraday moving averages point at a continued AUD/NZD depreciation, the latest momentum readings raise the odds of a minor throwback...
Australian Bonds Rally on Brexit, FED Uncertainty The Australian long-term bonds rallied on Thursday, following US trend as rate hike expectations by the Federal Reserve this summer diminished. The US 10-year treasury yield fell below 1.70 percent mark to 1...
FxWirePro: EUR/AUD Holds 100-DMA Support, Further Weakness Only on Break Below EUR/AUD has taken 100-DMA support at 1.5190 and edged higher to currently trade around 1.5260 levels. Aussie weakness seen after poor Chinese CPI and PPI data earlier today. China CPI data for May came in at +2...
FxWirePro: Silver Hits Fresh 3-Week High at $17.20, Stay Bullish XAG/USD is currently trading around $17.17 marks. It made intraday high at $17.20 and low at $16.98 levels. Intraday bias remains bullish till the time pair holds key support at $16.98 marks. A daily close below $16...
FxWirePro: Gold Trades Higher on Weak Dollar, Good to Buy at Dips Major Support - $1242 (21 day EMA) Gold has broken major resistance $1256 (trend line joining $1303 and $1288) and jumped till $1266 at the time of writing. It is currently trading around $1261.8...
USD/SEK 4 Hour RSI Allowing a Rally USD/SEK could find itself on the verge of a near term move to the upside. A potential bullish swing failure in the RSI(14) during the last couple days tilted the risk to the upside for the this currency pair...