Roberto Jacobs / Blog
Technical Analysis of EUR/JPY for May 09, 2016 Technical outlook and chart setups: The EUR/JPY pair has bounced back after testing 121.40/50 levels today during early hours. It seems to be a double bottom in the making. The pair is trading at 122.66 levels for now, looking to continue higher...
EUR/USD: Further Downside on the Cards? – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, hinted at the possibility of a visit to the 1.1340 area in the short-term...
EUR/USD Potential Decline to 1.1300 – UOB In view of the research team at UOB Group, EUR/USD risks a test of the 1.1300 area in the next 1-3 weeks. Key Quotes “We just shifted to a neutral stance last Friday and there is no change to the view”...
EUR/CHF Sinks to Lows Near 1.1050 After a failed attempt to extend the recent breakout of the 1.1100 handle, EUR/CHF has now returned to the mid-1.10s, or daily lows...
Elliott Wave Analysis of EUR/NZD for May 9 - 2016 Wave summary: After a slightly deeper correction to 1.6479 a new rally quickly broke back above resistance at 1.6745, indicating that a low is now in place at 1.6479 and more upside should be expected in the coming days/weeks ahead...
Elliott Wave Analysis of EUR/JPY for May 9 - 2016 Wave summary: The price spiked lower on Friday to a low of 121.46 but was immediately rejected. This could be what we have been waiting for to secure the bottom for a new long-term rally back to 141.06 and higher...
Gold Slides Further, Drops Back Below $1280 Gold weakened on Monday and extended its weakness during European session and dipped back below $1280 to currently trade near session low of $1279. On Friday, gold spike to $1295 on the back of what seemed to be poor US jobs report...
Oil Picture Even More Blurred – SocGen Kit Juckes, Research Analyst at Societe Generale, notes that the oil prices are higher this morning, in reaction to concerns about the fire in Fort McMurray, and appointment of a new Oil Minister in Saudi Arabia...
Technical Analysis of EUR/USD for May 09, 2016 When the European market opens, some economic news will be released such as the Sentix Investor Confidence and German Factory Orders m/m. The US will release economic data too such as the Labor Market Conditions Index m/m and Mortgage Delinquencies...