Roberto Jacobs / Blog
FxWirePro Short Term Outlook: another 800 Pips Drop in Pound Likely Against Yen Since Bank of Japan (BOJ) decided to stay hold in its April meeting Yen has strengthened about 800 pips against Pound, however our calculation matrix suggests that run may not be over and Pound may drop another 800 pi...
Technical Analysis of USD/CAD for May 4, 2016 General overview for 04/05/2016: As it had been anticipated, yesterday the market made one more marginal wave down and then strongly rebounded to the upside in impulsive fashion...
Daily Analysis of Major Pairs for May 4, 2016 EUR/USD: This currency trading instrument hit the resistance line at 1.1600, and then get corrected lower. However, the Bullish Confirmation Pattern is valid in the market, providing that the price does not go below the support lines at 1.1400 and 1...
European Bonds Slump on Profit Booking, Likely to Gain on Weak Risk Appetite The European bonds slumped on Wednesday as investors booked profit after snapping 2-day rally driven by weak crude oil and global growth concern...
FTSE110 Struggles to Break Above 6200, Targets 6065/6005 Major resistance - 6200 (200 day MA) FTSE100 slightly recovered till 6211 yesterday after making a low of 6158...
EUR/USD Forms Shooting Star Pattern in Daily Chart, Targets 1.12750 Pattern Formed –Shooting Star Potential Reversal Zone – 1.1600 The pair has retreated after making a high of 1.16161 yesterday.It is currently trading around 1.14890. Short term trend is slightly bearish as long as resistance 1...
Gold Extends Slide Below $ 1280, US ADP Jobs Eyed The bearish pressure around the yellow metal aggravated during the European trading hours, pushing the prices further into the red territory below $ 1280 mark. Gold: Losing sight of 15-month tops? Currently, gold drops -0.62% to 1276...
What Factors Will Influence Gold Going Ahead? Gold this year has gained sharply after bottoming around $1050/troy ounce last year and from the bottom it has strengthen more than 20%, riding on varieties of factors ranging from weaker U.S...
GBP/USD Drops Further to Fresh Weekly Lows Near 1.4470 The bears tightened their grip on the pound in the last hour, knocking-off GBP/USD to fresh weekly lows further below 1.45 handle. GBP/USD down 1 big figure intraday The GBP/USD pair trades -0.43% lower near fresh 1-week lows of 1...