Roberto Jacobs / Blog
EUR/USD Bears in Control, Targets 1.1450 Ahead of PMIs The selling pressure around the EUR/USD pair intensifies in a relatively quiet Asian session, with the greenback extending its rebound against its major peers amid resurgence of Fed rate hike talks...
Australia: Uncontroversial Budget with Few Risks to AAA Rating - Nomura Research Team at Nomura, suggests that the Australian budget looks likely to have little impact on macro and market prospects over the coming year or two...
FxWirePro: USD/JPY Bounces Off Strong Trendline Support, Back Above 107 Handle USD/JPY is extending recovery above 107 handle after hitting fresh 18-month lows at 105.54 on Tuesday's trade...
Asian Markets in Red As PBOC Devalued Yuan, Gold Back Below $1290 All the major Asian indices are trading on a lower note on Wednesday as PBOC set the Yuan reference rate at 6.4943 on Wednesday compared with 6.4565 a day earlier, showing a currency devaluation of around 0...
FxWirePro: Kiwi Falls on the Back of Higher Than expected Unemployment Rate AUD/NZD is trading around 1.0858 marks. Pair made intraday high at 1.0877 and low at 1.0804 marks. Today New Zealand released employment data. New Zealand’s unemployment rate rose from a revised 5...
FxWirePro: ASX200 Declines After Making a High of 5378, Good to Sell on Rallies Major resistance - 5380 Major Support - 5140 (200 day MA) ASX200 pares early gains yesterday and declined till 5278 at the time of writing. It is currently trading at 5278...
Gold Extends the Drop in Asia Amid Broad USD Strength Gold extended its retreat from fifteen-month tops into a third day this Wednesday as the greenback keeps the bids amid renewed hopes of a Fed rate hike as early as this June. Gold trades around 5-DMA Currently, gold drops -0.45% to 1280...
EURUSD Daily Forecast: May 04 2016 EURUSD Forecast The EURUSD attempted to push higher yesterday topped at 1.1616 but whipsawed to the downside and closed lower at 1.1495, formed a shooting star candle stick formation as you can see on my daily chart below...
GBPUSD Daily Forecast: May 04 2016 GBPUSD Forecast The GBPUSD attempted to push higher yesterday slipped above the daily EMA 200 but whipsawed to the downside and closed lower at 1.4534. The bias is bearish in nearest term testing 1.4400 area. Immediate resistance is seen around 1.4600...