Roberto Jacobs / Blog
Technical Analysis of Gold for May 05, 2016 Technical outlook and chart setups: Gold has formed a bottom around $1,271.00/72.00 levels yesterday before turning higher again. Please note that the metal has bounced off the fibonacci 0.382 support as expected and discussed earlier...
Technical Analysis of EUR/JPY for May 05, 2016 Technical outlook and chart setups: The EUR/JPY pair seems to be pushing above 123.00 levels at this moment, looking to rise through 124.50 levels at least before reversing lower...
Elliott Wave Analysis of EUR/NZD for May 5 - 2016 Wave summary: We now have a clear break above the red resistance line from 1.7223 confirming that wave [iii] of 3 is developing, so it should only be a question of time before the real upside acceleration is seen...
Technical Analysis of GBP/CHF for May 05, 2016 Technical outlook and chart setups: The GBP/CHF is seen to be trading at 1.3900/10 levels, unchanged from yesterday. But please note that the pair has re-tested lows at 1.3815/20 levels and bounced back...
Elliott Wave Analysis of EUR/JPY for May 5 - 2016 Wave summary: The big question remains whether or not an important bottom is in place at the 121.66 low. The rally of the 121.66 level is in no way impressive, which raises the odds of one more decline below 121.66 for a move closer to 117.99...
Daily Analysis of Major Pairs for May 5, 2016 EUR/USD: This pair went down by 150 pips at the start of this week and later got corrected lower after testing the resistance line at 1.1600...
EUR/GBP Holding Above 0.7900 Ahead of UK PMI The EUR/GBP pair is trading with some minor weakness on Thursday but is still holding above 0.7900 handle ahead of UK services PMI...
GBP/USD Clings to Gains Near 1.4500 After bottoming out in the area of 1.4490, GBP/USD has now recovered some pips and trades above the 1.4500 mark ahead of UK data. GBP/USD now looks to PMI Spot has faded the initial spike to daily tops near 1.4530 although buyers seem to have turned up around 1...
US: Mixed Signals for Fed Policy Outlook - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the US dollar has remained on a firmer footing in the Asian trading session having rebounded more notably against commodity-related and emerging market currencies so far this week...