Roberto Jacobs / Blog
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...
USDJPY Daily Forecast: May 04 2016 USDJPY Forecast The USDJPY was indecisive yesterday formed a Doji on daily chart as you can see on my daily chart below and hit 107.44 earlier today. The bias is bullish in nearest term testing 107.60, which is a good place to sell with a tight stop loss...
FxWirePro: Nikkei225 Faces Strong Resistance at 16600, Good to Sell on Rallies Major intraday resistance - 16200 Major support - 15800 Nikkei index slightly recovered after making a low of 15821.It is currently trading around 16048. Short term trend is bearish as long as resistance 16600 holds...
USDCHF Daily Forecast: May 04 2016 USDCHF Forecast The USDCHF attempted to push lower yesterday bottomed at 0.9443 but whipsawed to the upside and closed higher at 0...
NZD/USD Erases Jobs-Led Gains, Back in the Red Below 0.69 The NZD/USD pair reversed the early spike induced by upbeat NZ jobs data and fell sharply lower post-China open, having surrendered 0.69 handle. NZD/USD shrugs-off best Q1 jobs since 2004 Currently, the NZD/USD pair trades -0...
Asian Stocks Drop on Weaker Oil, Global Growth Concerns The Asian stocks snapped the previous rebound and fell sharply this Wednesday, tracking steep losses booked on the Wall Street overnight...
USD/JPY Regains Momentum, Back Above 107 Handle The USD/JPY pair is once again taking on the recovery above 107 handle, reversing a brief dip to session lows struck at 106...