Roberto Jacobs / Blog
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...
Spring has Sprung in the US, Yet Again - SocGen Kit Juckes, Research Analyst at Societe Generale, suggests that yesterday’s strong US non-manufacturing ISM release (55.7 after 54.4 last month) dragged the composite index back up for a third month in a row...
Daily Analysis of USDX for May 05, 2016 USDX continues to move sideways, but it's still trading into a corrective tone above the support zone of 92.91. The H1 chart is showing us that the price is close to the 200 SMA, where it could pull back to resume the decline...
Daily Analysis of GBP/USD for May 05, 2016 The H1 chart structure is calling for a short-term bearish consolidation below the 200 SMA on the H1 chart, after the pair found resistance around the 1.4549 level...
Oil Climbs Back Above $45.00 Level WTI crude oil prices got a boost on Thursday from a raging wildfire in Alberta, lifting the commodity back above $45.00 handle. of late, the black gold had been witnessing some selling pressure on renewed fears of oversupply...
FxWirePro: AUD/CAD Extends Recovery from 6-Month Lows at 0.9453, Edges Above 61.8% Fib, Good to Buy Dips AUD/CAD is extending recovery from 6-month lows at 0.9453 hit post RBA surprise cut. The pair has cleared 61.8% Fib retrace of the Sept-Dec rally at 0.9539 and is currently trading at 0...